Electric Bus Market Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2028

By Ashwin Naphade  | Date: November 01, 2022

Electric Bus Market Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2028

An analysis of Electric Bus Market has been provided in the latest report added by Market Study Report that primarily focuses on the market trends, demand, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

The global electric bus market is expected to grow at a CAGR of over 10% during the forecast period. The market growth is attributable to the increasing government initiatives for the deployment of electric bus on the roads. The government across the globe is showing their support for electric buses through various initiatives and schemes. The transport departments are increasing their investments in electric buses and are taking important steps to set up adequate charging infrastructure. For instance, in June 2021, the Federal Transit Administration (FTA) of the US Department of Transportation distributed grants worth $182 million to 49 electric bus projects being undertaken in 46 states.

Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5517004/

Market Segmentation

The global electric bus market has been analyzed on the basis of seating capacity, end user, battery capacity, length of bus, propulsion, power output, and region. Based on the seating capacity, the market is segmented into up to 30 seats, 30-90 Seats, and 90-120 Seats. Based on end-user, the market is segmented into government, educational, and private. Among these, government segment is projected to hold a prominent share in the market. By battery capacity, the market is bifurcated into Up to 400 kWh and above 400 kWh. Among these, above 400 kWh segment is estimated to exhibit a considerable growth rate during the forecast period.

Based on length of bus, the market is segmented into Less than 9m, 9-14m, and Above 14m. further, on the basis of propulsion, the market is segmented into battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), and plug-in hybrid electric vehicle (PHEV). Among these, BEV segment is estimated to contribute a prominent share in the market. Further, on the basis of power output, the market covers the analysis of Up to 250 kW and Above 250 kW. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

Market Structure and Competition Landscape

The global electric bus market is characterized by the presence of significant number of players. Some of the prominent players operating in the market include BYD, Yutong, Blue Bird Corporation, CAF (Solaris), VDL Groep, AB Volvo, Daimler AG, Ankai Bus, NFI Group, Tata Motors, Golden Dragon, Blue Bus, Proterra, Zhongtong Bus Holdings Co., Ltd. and others. These companies use a variety of tactics to increase their market share and acquire a competitive advantage over their competitors. Key success factors observed in the global electric bus market include - technological advancement, rapid urbanization, government measures, rising oil prices, strict pollution prevention norms, measures to reduce carbon emissions, reduced battery prices, etc. Some of the key developments in the global electric bus market include,

•             In April 2022, EKA, an Indian electric vehicle manufacturer, partnered with NuPort Robotics of Canada to provide AI-based driver assistance systems to its electric buses on Indian roads.

•             In December 2021, Ebusco, an electric bus company announced that it will be producing e-buses using composite components.

Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

For more details on this report: https://www.marketstudyreport.com/reports/global-electric-bus-market-investment-growth-opportunity-analysis-2019-2028

About US:

Market Study Report is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.

Contact Us:

Ritesh Tiwari

Corporate Sales,

Phone: 1-866-764-2150

Email: [email protected]

About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More