Electric Bus Market Size Report – Growth & Forecast 2028
[Research Report] The electric bus market was valued at US$ 29,179.51 million in 2021 and is expected to reach US$ 105,808.15 million by 2028; it is estimated to register a CAGR of 20.2% from 2021-2028.
Analyst Perspective:
The electric bus market has experienced significant growth and transformation in recent years. With the increasing concern for environmental sustainability and the need to reduce carbon emissions, electric buses have emerged as a promising solution for public transportation. Electric buses are powered by electricity instead of traditional fossil fuels, offering numerous advantages such as zero tailpipe emissions, reduced noise pollution, and improved energy efficiency. These factors have driven the adoption of electric buses across the globe. Governments and transit agencies in many countries have been actively promoting the deployment of electric buses as part of their sustainable transportation initiatives. They have implemented various incentives, subsidies, and regulations to encourage the adoption of electric buses and accelerate the transition towards greener public transportation. Key market players in the electric bus sector have been investing heavily in research and development to enhance battery technology, improve charging infrastructure, and increase the range and efficiency of electric buses. As a result, the performance and reliability of electric buses have improved significantly over time, making them a viable alternative to conventional buses.
China has emerged as the largest market for electric buses, accounting for a significant share of global sales. The Chinese government's strong support and favorable policies, along with the country's ambitious targets to reduce pollution, have propelled the rapid growth of the electric bus market in China. However, electric buses are not limited to China alone. Several other countries, including the United States, European nations, and India, have also witnessed a surge in electric bus adoption. In Europe, countries like the Netherlands, Germany, and the United Kingdom have been at the forefront of electric bus deployment, driven by stringent emissions regulations and sustainable transport goals. The market for electric buses is also witnessing technological advancements, such as the development of autonomous electric buses. These self-driving buses have the potential to revolutionize public transportation by providing efficient and convenient mobility solutions.
Market Overview:
A bus that is entirely electric and does not use a conventional internal combustion engine (ICE) for propulsion is known as an electric bus or e-bus. A set of batteries or on-board batteries power an on-board electric motor that propels an e-bus. Because they don't emit any pollutants and are more cost-effective than conventional gasoline/diesel buses, electric buses are regarded as being environmentally friendly.
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Electric Bus Market: Strategic Insights
Market Size Value in US$ 29,179.51 million in 2021 Market Size Value by US$ 105,808.15 million by 2028 Growth rate CAGR of 20.2% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Electric Bus Market: Strategic Insights
| Market Size Value in | US$ 29,179.51 million in 2021 |
| Market Size Value by | US$ 105,808.15 million by 2028 |
| Growth rate | CAGR of 20.2% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Market Driver:
Successful Deployments of Electric Buses in Various Cities and Regions to Drive Growth of Electric Bus Market
The successful deployments of electric buses in various cities and regions play a vital role in driving the development of the electric bus market. When cities and transit agencies successfully implement electric bus fleets and demonstrate their effectiveness, it creates a positive impact that ripples through the market in several ways. Firstly, successful deployments act as proof of concept, showcasing the viability and benefits of electric buses to other cities and regions. When one city demonstrates the positive outcomes of electric bus adoption, it inspires and motivates others to follow suit. Transit agencies and municipalities observe the operational performance, environmental impact, and public reception of electric buses in action, leading to increased confidence in their potential as a sustainable transportation solution.
Secondly, successful deployments create a domino effect, fostering a sense of competition among cities and regions. When a neighboring city or region implements electric buses and witnesses positive results, it prompts nearby jurisdictions to consider adopting them to maintain competitiveness. This creates healthy market competition, driving the growth of the electric bus market as more cities join the transition towards cleaner and greener public transportation. Furthermore, successful deployments act as learning opportunities. Cities and transit agencies can learn from the experiences of early adopters, including best practices, challenges faced, and strategies for overcoming barriers. This knowledge-sharing enables smoother and more efficient implementations in subsequent deployments, accelerating the overall growth of the electric bus market. Successful deployments also attract media attention and public interest, generating positive publicity for electric buses. Media coverage of cities achieving environmental milestones and improving air quality through electric buses raises public awareness. It supports the public perception of electric buses as a viable and sustainable alternative to conventional buses. This increased visibility contributes to positive market sentiment, encouraging more cities, transit agencies, and stakeholders to embrace electric buses. This, in turn, makes electric buses more affordable and attractive to a wider range of cities and regions, fueling market growth.
Segmental Analysis:
Based on vehicle type, the market is segmented into battery electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery electric bus segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. Battery electric buses have become the dominant technology in the electric bus market, capturing the largest market share. This is primarily due to their environmental sustainability, as they produce zero tailpipe emissions, aligning with global efforts to reduce carbon emissions. Advancements in battery technology, including increased energy density and improved range, have enhanced the performance and feasibility of battery electric buses. The presence of a growing charging infrastructure network further supports their practicality. Favorable government policies and incentives, along with the active involvement of major bus manufacturers, have contributed to the widespread adoption of battery electric buses. With these factors driving market growth, battery electric buses are expected to maintain their leading position in the industry.
Regional Analysis:
The Asia Pacific electric bus market was valued at US$ 26,375.34 million in 2021 and is projected to reach US$ 15,386.11 million by 2028; it is expected to grow at a CAGR of 20.2% during the forecast period. The Asia Pacific region has appeared as the dominant market for electric buses, exhibiting significant growth and capturing a substantial market share. There are several key factors contributing to this regional dominance. Firstly, the Asia Pacific region, particularly China, has been at the forefront of electric bus adoption. China has implemented ambitious policies and targets to address air pollution and reduce greenhouse gas emissions.
The Chinese government has provided strong support and incentives, including subsidies and grants, to accelerate the deployment of electric buses. This proactive approach has propelled China to become the largest market for electric buses globally, driving the overall dominance of the Asia Pacific region. Moreover, the Asia Pacific region's large population and urban centers have created a pressing need for sustainable and efficient public transportation solutions. Rapid urbanization and growing concerns over air pollution and traffic congestion have prompted governments and transit agencies in countries such as India, Japan, and South Korea to prioritize adopting electric buses. The dense urban environments and heavy traffic volumes make electric buses an attractive option for reducing emissions and improving air quality.
Additionally, a robust manufacturing ecosystem in the Asia Pacific region has played a significant role in its dominance. Asian countries, particularly China, possess a strong manufacturing infrastructure and expertise in producing electric vehicles, including buses. Local manufacturers have invested heavily in research and development, driving advancements in battery technology and cost-effective production methods. This has led to a competitive market landscape and the availability of a wide range of electric bus models at varying price points, further fueling the market dominance. Furthermore, supportive government policies and initiatives have accelerated the development of the electric bus market in the Asia Pacific region. Governments have implemented regulations, emissions standards, and financial incentives to encourage the adoption of electric buses. These policies have created a favorable business environment and provided the impetus for transit agencies to invest in electric bus fleets.
Key Player Analysis:
The electric bus market analysis consists of the players such as King Long United Automotive Industry Co. Ltd; AB Volvo; Shenzhen Wuzhoulong Motors Co., Ltd; BYD Company Limited; Daimler; AGAlexander Dennis Limited; EBUSCO; Proterra Solaris Bus & Coach S.A; and NFI Group Inc. Among the players in the electric bus AB Volvo and EBUSCO are the top two players owing to the diversified product portfolio offered.
Electric Bus Market Report Scope
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the electric bus market. A few recent key market developments are listed below:
- In March 2022: Proterra Inc announced a strategic, multi-year supply agreement with The Shyft Group to power their Blue Arc purpose-built electric delivery van and EV chassis.
- In July 2020, AB Volvo entered into a partnership with the Public Transport Authority of Western Australia (PTA) to bring Volvo’s first ever Electric Buses to Australia. These provisions for the introduction of alternatively powered vehicles into the public transport bus network when the technology became available in Volvo’s Australian product line.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Vehicle Type, End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific dominated the electric bus market in 2020 with a share of 90.4% and is expected to continue its dominance by 2028. Europe is the second-largest contributor to the global electric bus market in 2020, followed by North America.
The major companies in electric bus market are AB Volvo; King Long United Automotive Industry Co., Ltd; Shenzhen Wuzhoulong Motors Co., Ltd; BYD Company Ltd; Daimler AG; Ebusco; CAF Group (Solaris Bus & Coach); Proterra Inc; NFI Group; and Van Hool NV.
Based on vehicle type, the global electric bus market is segmented into battery electric bus, hybrid electric bus, and plug-in hybrid electric bus. The electric bus market was dominated by the battery electric bus segment in 2020.
The major end user in electric bus market includes public, and private. In terms of market share, the market was dominated by the public segment in 2020.
An electric powertrain is combined with fuel cell systems, controlled technology, and batteries to power hydrogen fuel cell buses. These buses are considered next-generation green transportation because their lifespan is far longer than a typical electric bus. The hydrogen fuel cell bus can refuel quickly and has many routes. With such benefits, the demand for hydrogen fuel cell buses is skyrocketing. For instance, over a thousand hydrogen buses will be launched throughout Europe during the next few years. China has been at the forefront of this technology, moving the battery-electric-driven business forward. In the United States, the deployment of hydrogen-fueled buses has been slow, with hydrogen buses accounting for only 3.1% of total zero-emission buses (deployed or planned) across the country. The deployment will likely grow significantly over the next decade, with the scalability factor outweighing the high procurement costs. For instance, within the scope of three initiatives in Cwmbran, Warwickshire, and Ballymena, the UK Business Secretary announced a GBP 54 million fund to create the next generation of electric trucks and hydrogen-powered buses. The initiatives are expected to create around 10,000 employment and reduce 45 million tonnes of carbon emissions across the UK. Thus, increasing demand for hydrogen fuel bus will drive the electric bus market.
Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are becoming increasingly used in electric buses. Batteries made of lithium-ion phosphate are both cost-effective and robust. The average price of these batteries is a significant benefit for automakers. Due to its speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. To accommodate the growing need for longer driving ranges, market participants are implementing technical improvements to improve the operational efficiency of the batteries. This will increase electric bus sales. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Furthermore, the production of high-density Nickel, Manganese, and Cobalt (NMC) batteries are subject to significant intellectual property rights, primarily from Japanese and Korean battery manufacturers, and the use of LFP batteries avoids any risk of litigation while simultaneously promoting domestic battery suppliers over foreign competitors such as LG Chem and Samsung. For instance, CATL and BYD sold 78 percent of electric bus lithium-ion batteries in China in 2018, and both companies chose LFP batteries for electric buses. Thus, rising production of low-cost lithium ion-phosphate batteries will drive the demand for electric bus market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Electric Bus Market – By Vehicle Type
1.3.2 Electric Bus Market – By Hybrid Powertrain
1.3.3 Electric Bus Market – By Battery
1.3.4 Electric Bus Market – By End User
1.3.5 Electric Bus Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Bus Market Landscape
4.1 Market Overview
4.3 PEST Analysis
4.3.1 North America
4.3.2 Europe
4.3.3 Asia Pacific
4.3.4 MEA
4.3.5 SAM
4.4 Ecosystem Analysis
4.5 Expert Opinion
5. Electric Bus Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Hydrogen Fuel Bus
5.1.2 Stringent Government Emission Regulations
5.2 Market Restraints
5.2.1 High Initial and Development Cost
5.3 Market Opportunities
5.3.1 Rising Production of Low-cost Lithium ion-Phosphate Batteries
5.4 Future Trends
5.4.1 Emergence of Autonomous and Semi-Autonomous Transportation Systems
5.5 Impact Analysis of Drivers and Restraints
6. Electric Bus Market –Regional Analysis
6.1 Electric Bus Market Global Overview
6.2 Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
6.3.1 Market Positioning – Five Key Players
7. Electric Bus Market Analysis – By Vehicle Type
7.1 Overview
7.2 Electric Bus Market, By Vehicle Type (2020 and 2028)
7.3 Battery Electric Bus
7.3.1 Overview
7.3.2 Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hybrid Electric Bus
7.4.1 Overview
7.4.2 Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Plug-in Hybrid Electric Bus
7.5.1 Overview
7.5.2 Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8. Electric Bus Market – By Hybrid Powertrain
8.1 Overview
8.2 Electric Bus Market, By Hybrid Powertrain (2020 and 2028)
8.3 Series Parallel Hybrid
8.3.1 Overview
8.3.2 Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Parallel Hybrid
8.4.1 Overview
8.4.2 Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Series Hybrid
8.5.1 Overview
8.5.2 Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9. Electric Bus Market – By Battery
9.1 Overview
9.2 Electric Bus Market, By Battery (2020 and 2028)
9.3 Lithium iron phosphate (LFP)
9.3.1 Overview
9.3.2 Lithium iron phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Lithium Nickel Manganese Cobalt Oxide (NMC)
9.4.1 Overview
9.4.2 Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10. Electric Bus Market – By End User
10.1 Overview
10.2 Electric Bus Market, By End User (2020 and 2028)
10.3 Public
10.3.1 Overview
10.3.2 Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Private
10.5.1 Overview
10.5.2 Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11. Electric Bus Market – Geographic Analysis
11.1 Overview
11.2 North America: Electric Bus Market
11.2.1 North America: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Electric Bus Market, By Vehicle Type
11.2.3 North America: Electric Bus Market, By Hybrid Powertrain
11.2.4 North America: Electric Bus Market, By Battery
11.2.5 North America: Electric Bus Market, By End User
11.2.6 North America: Electric Bus Market, by Key Country
11.2.6.1 US: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Electric Bus Market, By Vehicle Type
11.2.6.1.2 US: Electric Bus Market, By Hybrid Powertrain
11.2.6.1.3 US: Electric Bus Market, By Battery
11.2.6.1.4 US: Electric Bus Market, By End User
11.2.6.2 Canada: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Electric Bus Market, By Vehicle Type
11.2.6.2.2 Canada: Electric Bus Market, By Hybrid Powertrain
11.2.6.2.3 Canada: Electric Bus Market, By Battery
11.2.6.2.4 Canada: Electric Bus Market, By End User
11.2.6.3 Mexico: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Electric Bus Market, By Vehicle Type
11.2.6.3.2 Mexico: Electric Bus Market, By Hybrid Powertrain
11.2.6.3.3 Mexico: Electric Bus Market, By Battery
11.2.6.3.4 Mexico: Electric Bus Market, By End User
11.3 Europe: Electric Bus Market
11.3.1 Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Electric Bus Market, By Vehicle Type
11.3.3 Europe: Electric Bus Market, By Hybrid Powertrain
11.3.4 Europe: Electric Bus Market, By Battery
11.3.5 Europe: Electric Bus Market, By End User
11.3.6 Europe: Electric Bus Market, by Key Country
11.3.7.1 Germany: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.1.1 Germany: Electric Bus Market, By Vehicle Type
11.3.7.1.2 Germany: Electric Bus Market, By Hybrid Powertrain
11.3.7.1.3 Germany: Electric Bus Market, By Battery
11.3.7.1.4 Germany: Electric Bus Market, By End User
11.3.7.2 France: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.2.1 France: Electric Bus Market, By Vehicle Type
11.3.7.2.2 France: Electric Bus Market, By Hybrid Powertrain
11.3.7.2.3 France: Electric Bus Market, By Battery
11.3.7.2.4 France: Electric Bus Market, By End User
11.3.7.3 Italy: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.3.1 Italy: Electric Bus Market, By Vehicle Type
11.3.7.3.2 Italy: Electric Bus Market, By Hybrid Powertrain
11.3.7.3.3 Italy: Electric Bus Market, By Battery
11.3.7.3.4 Italy: Electric Bus Market, By End User
11.3.7.4 UK: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.4.1 UK: Electric Bus Market, By Vehicle Type
11.3.7.4.2 UK: Electric Bus Market, By Hybrid Powertrain
11.3.7.4.3 UK: Electric Bus Market, By Battery
11.3.7.4.4 UK: Electric Bus Market, By End User
11.3.7.5 Russia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.5.1 Russia: Electric Bus Market, By Vehicle Type
11.3.7.5.2 Russia: Electric Bus Market, By Hybrid Powertrain
11.3.7.5.3 Russia: Electric Bus Market, By Battery
11.3.7.5.4 Russia: Electric Bus Market, By End User
11.3.7.6 Rest of Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.6.1 Rest of Europe: Electric Bus Market, By Vehicle Type
11.3.7.6.2 Rest of Europe: Electric Bus Market, By Hybrid Powertrain
11.3.7.6.3 Rest of Europe: Electric Bus Market, By Battery
11.3.7.6.4 Rest of Europe: Electric Bus Market, By End User
11.4 APAC: Electric Bus Market
11.4.1 APAC: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Electric Bus Market, By Vehicle Type
11.4.3 APAC: Electric Bus Market, By Hybrid Powertrain
11.4.4 APAC: Electric Bus Market, By Battery
11.4.5 APAC: Electric Bus Market, By End User
11.4.6 APAC: Electric Bus Market, by Key Country
11.4.6.1 Australia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Electric Bus Market, By Vehicle Type
11.4.6.1.2 Australia: Electric Bus Market, By Hybrid Powertrain
11.4.6.1.3 Australia: Electric Bus Market, By Battery
11.4.6.1.4 Australia: Electric Bus Market, By End User
11.4.6.2 China: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Electric Bus Market, By Vehicle Type
11.4.6.2.2 China: Electric Bus Market, By Hybrid Powertrain
11.4.6.2.3 China: Electric Bus Market, By Battery
11.4.6.2.4 China: Electric Bus Market, By End User
11.4.6.3 India: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Electric Bus Market, By Vehicle Type
11.4.6.3.2 India: Electric Bus Market, By Hybrid Powertrain
11.4.6.3.3 India: Electric Bus Market, By Battery
11.4.6.3.4 India: Electric Bus Market, By End User
11.4.6.4 Japan: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Electric Bus Market, By Vehicle Type
11.4.6.4.2 Japan: Electric Bus Market, By Hybrid Powertrain
11.4.6.4.3 Japan: Electric Bus Market, By Battery
11.4.6.4.4 Japan: Electric Bus Market, By End User
11.4.6.5 South Korea: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Electric Bus Market, By Vehicle Type
11.4.6.5.2 South Korea: Electric Bus Market, By Hybrid Powertrain
11.4.6.5.3 South Korea: Electric Bus Market, By Battery
11.4.6.5.4 South Korea: Electric Bus Market, By End User
11.4.6.6 Rest of APAC: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Electric Bus Market, By Vehicle Type
11.4.6.6.2 Rest of APAC: Electric Bus Market, By Hybrid Powertrain
11.4.6.6.3 Rest of APAC: Electric Bus Market, By Battery
11.4.6.6.4 Rest of APAC: Electric Bus Market, By End User
11.5 MEA: Electric Bus Market
11.5.1 MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Electric Bus Market, By Vehicle Type
11.5.3 MEA: Electric Bus Market, By Hybrid Powertrain
11.5.4 MEA: Electric Bus Market, By Battery
11.5.5 MEA: Electric Bus Market, By End User
11.5.6 MEA: Electric Bus Market, by Key Country
11.5.7.1 South Africa: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.1.1 South Africa: Electric Bus Market, By Vehicle Type
11.5.7.1.2 South Africa: Electric Bus Market, By Hybrid Powertrain
11.5.7.1.3 South Africa: Electric Bus Market, By Battery
11.5.7.1.4 South Africa: Electric Bus Market, By End User
11.5.7.2 Saudi Arabia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.2.1 Saudi Arabia: Electric Bus Market, By Vehicle Type
11.5.7.2.2 Saudi Arabia: Electric Bus Market, By Hybrid Powertrain
11.5.7.2.3 Saudi Arabia: Electric Bus Market, By Battery
11.5.7.2.4 Saudi Arabia: Electric Bus Market, By End User
11.5.7.3 UAE: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.3.1 UAE: Electric Bus Market, By Vehicle Type
11.5.7.3.2 UAE: Electric Bus Market, By Hybrid Powertrain
11.5.7.3.3 UAE: Electric Bus Market, By Battery
11.5.7.3.4 UAE: Electric Bus Market, By End User
11.5.7.4 Rest of MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.4.1 Rest of MEA: Electric Bus Market, By Vehicle Type
11.5.7.4.2 Rest of MEA: Electric Bus Market, By Hybrid Powertrain
11.5.7.4.3 Rest of MEA: Electric Bus Market, By Battery
11.5.7.4.4 Rest of MEA: Electric Bus Market, By End User
11.6 SAM: Electric Bus Market
11.6.1 SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Electric Bus Market, By Vehicle Type
11.6.3 SAM: Electric Bus Market, By Hybrid Powertrain
11.6.4 SAM: Electric Bus Market, By Battery
11.6.5 SAM: Electric Bus Market, By End User
11.6.6 SAM: Electric Bus Market, by Key Country
11.6.6.1 Brazil: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Electric Bus Market, By Vehicle Type
11.6.6.1.2 Brazil: Electric Bus Market, By Hybrid Powertrain
11.6.6.1.3 Brazil: Electric Bus Market, By Battery
11.6.6.1.4 Brazil: Electric Bus Market, By End User
11.6.6.2 Argentina: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Electric Bus Market, By Vehicle Type
11.6.6.2.2 Argentina: Electric Bus Market, By Hybrid Powertrain
11.6.6.2.3 Argentina: Electric Bus Market, By Battery
11.6.6.2.4 Argentina: Electric Bus Market, By End User
11.6.6.3 Rest of SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Electric Bus Market, By Vehicle Type
11.6.6.3.2 Rest of SAM: Electric Bus Market, By Hybrid Powertrain
11.6.6.3.3 Rest of SAM: Electric Bus Market, By Battery
11.6.6.3.4 Rest of SAM: Electric Bus Market, By End User
12. Electric Buss Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of Covid-19 Pandemic
12.3 Europe: Impact Assessment of Covid-19 Pandemic
12.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
12.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
12.6 South America: Impact Assessment of Covid-19 Pandemic
13. Electric Buss Market- Company Profiling
13.1 Overview
13.2 Market Initiative
13.3 New Development
14. Company Profiles
14.1 AB Volvo
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 King Long United Automotive Industry Co., Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Shenzhen Wuzhoulong Motors Co., Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 BYD Company Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Daimler AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Ebusco
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 CAF Group (Solaris Bus & Coach)
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Proterra Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NFI Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Van Hool NV
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Electric Bus Market Segmentation
Figure 2. Electric Bus Market Segmentation – By Geography
Figure 3. Electric Bus Market Overview
Figure 4. Electric Bus Market, By Vehicle Type
Figure 5. Electric Bus Market, By Hybrid Powertrain
Figure 6. Electric Bus Market, By Battery
Figure 7. Electric Bus Market, By End User
Figure 8. Electric Bus Market, By Geography
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Electric Bus Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Electric Bus Market
Figure 17. Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 19. Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)
Figure 23. Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Electric Bus Market Revenue Share, By Battery (2020 and 2028)
Figure 27. Lithium iron phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Electric Bus Market Revenue Share, By End User (2020 and 2028)
Figure 30. Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global Electric Bus Market Revenue Share, By Region (2020 & 2028)
Figure 33. North America: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Electric Bus Market Revenue Share, By Vehicle Type (2020 & 2028)
Figure 35. North America: Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 & 2028)
Figure 36. North America: Electric Bus Market Revenue Share, By Battery (2020 & 2028)
Figure 37. North America: Electric Bus Market Revenue Share, By End User (2020 & 2028)
Figure 38. North America: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 39. US: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Electric Bus Market Revenue Share, By Vehicle Type (2020 & 2028)
Figure 44. Europe: Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 & 2028)
Figure 45. Europe: Electric Bus Market Revenue Share, By Battery (2020 & 2028)
Figure 46. Europe: Electric Bus Market Revenue Share, By End User (2020 & 2028)
Figure 47. Europe: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 48. Germany: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UK: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Russia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Electric Bus Market Revenue Share, By Vehicle Type (2020 & 2028)
Figure 56. APAC: Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 & 2028)
Figure 57. APAC: Electric Bus Market Revenue Share, By Battery (2020 & 2028)
Figure 58. APAC: Electric Bus Market Revenue Share, By End User (2020 & 2028)
Figure 59. APAC: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 60. Australia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Electric Bus Market Revenue Share, By Vehicle Type (2020 & 2028)
Figure 68. MEA: Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 & 2028)
Figure 69. MEA: Electric Bus Market Revenue Share, By Battery (2020 & 2028)
Figure 70. MEA: Electric Bus Market Revenue Share, By End User (2020 & 2028)
Figure 71. MEA: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 72. South Africa: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Saudi Arabia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. UAE: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Electric Bus Market Revenue Share, By Vehicle Type (2020 & 2028)
Figure 78. SAM: Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 & 2028)
Figure 79. SAM: Electric Bus Market Revenue Share, By Battery (2020 & 2028)
Figure 80. SAM: Electric Bus Market Revenue Share, By End User (2020 & 2028)
Figure 81. SAM: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 82. Brazil: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Argentina: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Rest of SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Impact of Covid-19 Pandemic in North American Country Markets
Figure 86. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 87. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 88. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 89. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Electric Bus Market
- AB Volvo
- King Long United Automotive Industry Co., Ltd
- Shenzhen Wuzhoulong Motors Co., Ltd
- BYD Company Ltd
- Daimler AG
- Ebusco
- CAF Group (Solaris Bus & Coach)
- Proterra Inc
- NFI Group
- Van Hool NV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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