The continuous reduction in the battery prices, which is a result of battery manufacturers obtaining economies of scale, will decrease the overall price of electric buses, and in turn, support the market growth of electric bus. Furthermore, the technological improvements to minimize downtime will be another major driver driving the electric bus market growth. Moreover, several charging system manufacturers are making efforts to meet the huge demand for fast charging of batteries equipped in electric buses. In addition to the fast-charging systems, battery swapping is also an option which can decrease the downtime of electric buses and increase the traveling range. Thus, the above factors are also likely to compel the electric bus market growth.

The global Electric Bus market is segregated on the basis of Propulsion Type as Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV) and Battery Electric Vehicle (BEV). Based on Application the global Electric Bus market is segmented in Intra-City and Intercity. Based on End-User the global Electric Bus market is segmented in Government and Fleet Operators.

The global Electric Bus market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Electric Bus market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

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, and others are among the major players in the global Electric Bus market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

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The Electric Bus Market has been segmented as below:

Electric Bus Market, By Propulsion Type

• Plug-In Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
• Battery Electric Vehicle (BEV)

Electric Bus Market, By Application

• Intra-City
• Intercity

Electric Bus Market, By End-User

• Government
• Fleet Operators

Electric Bus Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Electric Bus Market, By Company

• 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

The report covers:

• Global Electric Bus market sizes from 2018 to 2027, along with CAGR for 2022-2027
• Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
• Global Electric Bus market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Electric Bus market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

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Report Scope:

The global Electric Bus market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Bus market share. Major industry players with significant revenue share include 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, and others.

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