An electric bus is one that is propelled by electric motors rather than an internal combustion engine. Electric buses can either store the required power on-board or be fed constantly from an external source. Although there are examples of different storage types, such as the gyrobus, which employs flywheel energy storage, the bulk of buses storing electricity are battery electric buses (which this page largely deals with), where the electric motor derives energy from an onboard battery pack.
Global Electric Bus Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Global Electric Bus Market Overview:
The Global Electric Bus market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Global Electric Bus Market, as well as the reasons for variations in the industry's growth in various locations.
Global Electric Bus Market Size was valued at 78,240 Units in 2021, and it is expected to reach 1,383,480 Units by 2029, exhibiting a CAGR of 43.2% during the forecast period (2022-2029)
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Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through the primary sources.
The biggest players in the Global Electric Bus market are as follows:
• BYD Company Ltd.
• Yutong
• New Flyer Industries Inc.
• Proterra Inc.
• Solaris Bus Coach SA
• Zhongtong Bus Holding Co., Ltd.
• Shenzhen Wuzhoulong Motors Co., Ltd.
• EBUSCO BV.
• Dongfeng Automobile Co., Ltd
• Alexander Dennis
• King Long
• FAW Group
• AB Volvo
• Daimler AG
• TATA Motors
• Ashok Leyland
• Nova Bus
• Foton Motor Inc.
• Ashok Leyland Electric Bus.
• JBM Solaris ECOLIFE.
• Electric Bus K9.
• SKYPAK XL Bus.
Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Global Electric Bus market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Global Electric Bus Market:
Due to a break in operations, end-user sectors where Global Electric Bus are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Global Electric Bus manufacturers, affecting the development of the Global Electric Bus market in 2020. End-user business demand for Global Electric Bus has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Global Electric Bus Market Report are:
- Which segment had the largest share in the Global Electric Bus market in 2021?
- What is the competitive landscape of the Global Electric Bus market?
- Which are the key drivers aiding the Global Electric Bus market growth?
- Which region has the maximum share in the Global Electric Bus market?
- What will be the CAGR of the Global Electric Bus market during the forecast period (2022-2027)?
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