Electric Bus Market

“Electric Bus Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global electric bus market. An electric bus, or an e-bus, refers to an electric vehicle (EV) powered by electricity instead of other transportation fuels. It operates using an onboard electric motor that draws power from onboard batteries. In recent years, it has gained traction as an eco-friendly mode of public transportation due to its zero greenhouse gas emissions, high performance, convenience and cost-effectiveness.

The growing environmental concerns and escalating demand for fuel-efficient public transport due to the increasing working population represent the primary factors driving the global electric bus market. Additionally, the introduction of several government initiatives, favorable policies and stringent regulations to encourage sustainable development has augmented the product demand. Furthermore, the rapid technological advancements, increasing fuel prices and the development of high-capacity batteries are some of the other factors anticipated to provide a positive market outlook.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the electric bus market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the electric bus market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the electric bus market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the electric bus Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the electric bus Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the electric bus Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the electric bus Industry. Furthermore, the value chain analysis of the electric bus Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Applications:

• Public Transit
• Highway Transportation
• Other

Segmentation by Product:

• Battery electric Bus
• Hybrid Bus

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• BYD
• DFAC
• CRRC
• FOTON
• ANKAI

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the electric bus industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the electric bus industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the electric bus industry. Furthermore, the value chain analysis of the electric bus industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Electric Bus Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the electric bus industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.