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Global Electric Bus Market Size is Projected to Grow from 137 Thousand Units in 2019 to Reach 935 Thousand Units by 2027, at a CAGR of 27.2% - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The  “Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region - Global Forecast to 2027”  report has been added to  ResearchAndMarkets.com’s  offering.

Increasing focus of countries on electrification of their public transport fleets and increasing awareness toward ecofriendly vehicles are the significant growth drivers which have led the global electric bus market

The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric bus and coach market. Many countries are focusing on electrification of their mass transit solutions, especially buses and coaches. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly buses.

Large volumes of electric buses used in public transport is likely to propel the growth of the 9-14m segment during the forecast period

In the electric bus market, by length of bus, the 9-14 m segment is projected to be the largest market during the forecast period in terms of volume. The 9-14 m segment is dominating the electric bus segment due to the large volumes of electric passenger buses used in public transport fleet. Most of the public transport fleets, especially in China, which accounts for almost 99% of the market have electric buses that are 9-14 m in length. Also, many of the leading OEMs such as BYD, Proterra, and Yutong have been providing electric buses in the 9-14 m length range. Countries that are planning to replace existing public fleets with electric ones are considering electric buses of the same lengths as well.

Asia Pacific is expected to be the largest market during the forecast period

The Asia Pacific region is the largest electric bus market in the world. It comprises some of the fastest developing and developed economies in the world. The growth in the region can be attributed to the dominance of the Chinese market and the presence of leading OEMs in the country as well, resulting in exponential growth of the Asia Pacific electric bus and coach market. The favorable regulations for electric buses, availability of electric and electronics components, and rapidly growing charging infrastructure are projected to boost the electric bus market in the region.

Middle East & Africa bus market is expected to register the fastest growth during the forecast period

The Middle East & Africa, which includes Egypt, South Africa, and UAE, is projected to be the fastest-growing market during the forecast period. The increasing demand for electric mass transit solutions, renowned OEMs expanding in the region, and government support are factors driving the Middle East & Africa electric bus market. For instance, in November 2019, Egypt’s Arab Organisation for Industrialisation (AOI) started its first smart electric bus in the country with the help of Shanghai Wanxiang Group, China. Also, in May 2019, Foton Motor signed an agreement with Egypt’s Military Production Ministry to manufacture more than 2,000 electric buses in the country over the next four years. Middle East & Africa has become a key region for OEMs to explore, as major countries in the Middle East & Africa, such as Egypt, Africa, and UAE, have high demand for public transport due to the increasing number of tourists visiting these countries. Thus, governments are planning to replace the existing public transport with more efficient and emission-free public transport because of emission concerns.

Key Benefits of Buying the Report:

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Product Definition

1.3 Market Scope

1.4 Package Size

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.3 Primary Data

2.4 Market Size Estimation

2.5 Market Breakdown and Data Triangulation

2.6 Assumptions & Associated Risks

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.3 Electric Bus Market, Scenarios (2020-2027)

6 Industry Trends

6.1 Introduction

6.2 High Voltage Battery

6.3 Smart Electric Drive

6.4 Technology Analysis

6.5 Innovative Charging Solutions

6.6 Porter’S Five Forces Model Analysis

7 Electric Bus Market, By Propulsion Type

8 Electric Bus Market, By Vehicle Range

9 Electric Bus Market, By Length of Bus

10 Electric Bus Market, By Consumer Segment

11 Electric Bus Market, By Application

12 Electric Bus Market, By Battery Capacity

13 Electric Bus Market, By Power Output

14 Electric Bus Market, By Component

15 Electric Bus Market, By Region

15.1 Introduction

15.2 Asia Pacific

15.3 Europe

15.4 North America

15.5 Latin America

15.6 Middle East & Africa

16 Competitive Landscape

16.1 Overview

16.2 Market Ranking Analysis

16.3 China Market Share Analysis, 2019

16.4 Competitive Scenario

16.5 Competitive Leadership Mapping

16.6 SME Competitive Leadership Mapping

16.7 Winners Vs. Tail-Enders

17 Company Profiles

17.1 BYD

17.2 Yutong

17.3 Proterra

17.4 VDL Groep

17.5 AB Volvo

17.6 Daimler Ag

17.7 NFI Group

17.8 CAF

17.9 Ebusco Bv

17.10 King Long

17.11 Ankai

17.12 Zhongtong Bus Holding

17.13 Other Key Players

17.13.1 North America Blue Bird Corporation Gillig Llc the Lion Electric Company

17.13.2 Asia Tata Motors Ashok Leyland Changsha Sunda New Energy Technology Co. Ltd. Olectra Greentech Yinlong Energy Golden Dragon Jbm Auto Limited

17.13.3 Europe Scania Irizar Iveco Skoda Bluebus Bozankaya Caetanobus Chariot Motors Carrosserie Hess Ag Heuliez Bus Hybricon Optare Otokar Otomotiv Ve Savunma Sanayi A. Rampini Carlo Sor Libchav Temsa Ursus Bus Van Hool Nv Karsan

18 Recommendations

18.1 Asia Pacific Will Be A Major Electric Bus Market

18.2 Battery Electric Bus Can Be A Key Focus for Manufacturers

18.3 Conclusion

For more information about this report visit  https://www.researchandmarkets.com/r/jh2vml

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SOURCE: Research and Markets

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PUB: 01/06/2020 09:53 AM/DISC: 01/06/2020 09:53 AM