Global Electric Bus Market 2021-2027: Market Expected to Grow at a CAGR of 43.1%

DUBLIN, June 4, 2021 / PRNewswire / – The “market for electric powered buses (BEV, PHEV and FCEV), application (interurban and intra-urban), consumption segment (fleet operators and government), range, length of the bus, power output , Battery Capacity, Component, Battery Type and Region – The Global Forecast to 2027 report “has been added to ResearchAndMarkets.com offer.

The size of the global electric bus market is expected to grow from 81,000 units in 2021 to 704,000 units by 2027, at a CAGR of 43.1%.

Advances in battery and electric powertrain technologies are among the major growth factors in the electric bus and coach market. Many countries are focusing on electrifying their transit solutions, especially buses and coaches.

Factors such as increasing pollution and environmental risks, strict government regulations and fierce competition have forced automotive suppliers to make buses that are fuel efficient and environmentally friendly.

However, the COVID-19 pandemic is expected to have a slight impact on the electric bus market. New vehicle production and sales had halted in the first and second quarters of 2020 worldwide as the entire ecosystem was disrupted. Equipment manufacturers had to wait for the blockages to be lifted to resume production, which affected their activity.

After the pandemic, the demand for public transport would increase as people would return to their workplaces and use public transport. In addition, component manufacturing is also suspended and smaller Tier II and III manufacturers could face liquidity issues. Still, another wave of COVID-19 from new strains could hamper recovery in some countries.

Subsequently, electric bus manufacturers are expected to adjust the production volume according to the COVID-19 scenario in different countries. In addition, component manufacturing has also been suspended and smaller Tier II and III manufacturers are facing liquidity issues. Thus, the suspension of production during the epidemic and the drop in demand after the pandemic could have an unprecedented impact on electric bus providers.

The electric bus market includes large manufacturers such as BYD (China), Yutong (China), Proterra (USA), VDL Groep (Netherlands) and AB Volvo (Sweden).

Premium previews

  • Attractive Opportunities in Electric Bus Market: Growing Demand for Fuel Efficient and Emission-Free Vehicles is Expected to Drive Electric Bus Market
  • Asia Pacific expected to represent the largest market share in 2021
  • The government segment is expected to be the largest market, 2021 vs. 2027 (Units)
  • Bev is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • Up to 200 miles is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • 9-14 million expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • Intracity is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • Up to 250 kW is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • The battery is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (million USD)
  • Up to 400 kWh is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)
  • Lithium-iron-phosphate battery is expected to be the largest segment of the electric bus market, 2021 vs. 2027 (Units)

Market dynamics

Conductors

  • Growing demand for emission-free and fuel-efficient transit solutions
  • Lower battery prices
  • Less emissions compared to other vehicles
  • Life cycle of fuel cell products

Constraints

  • High development cost
  • Supply issues related to raw materials
  • Battery safety concerns

Opportunities

  • Government support for the electrification of public transport
  • New pockets of income in Asia Pacific and North Europe
  • Implementation of strict emission standards and environmental regulations

Challenges

  • Limited battery capacity
  • Lack of charging infrastructure
  • High initial investments

Porter’s five forces

Existing and future electric bus models

  • Electric bus market ecosystem
  • Value chain analysis
  • Average selling price trend
  • Patent analysis
  • Regulatory overview

Case study

  • Adoption of electric buses as public transport in Finland
  • Chilean government policies for electric buses as the future of public transport

Business / Registration Data

Income transfer for electric bus manufacturers

Technological analysis

  • Innovative charging solutions
  • Pantograph charging system descending off the board
  • On-board ascending pantograph charging system
  • Static / dynamic ground load system
  • Packaged Fuel Cell System Module
  • Methane fuel cells

Electric bus market: impact of COVID-19

  • Impact on raw material supply
  • Impact of COVID-19 on the automotive industry
  • OEM Ads
  • Impact on automobile production

Electric bus market, scenarios (2021-2027)

Company Profiles: Company presentation, products offered, recent developments, SWOT analysis, analyst’s point of view

Key players

  • Byd
  • Yutong
  • Proterra
  • Vdl Group
  • Ab Volvo
  • Daimler AG
  • Nfi Group
  • Coffee
  • Ebusco Bv
  • King Long
  • Ankai
  • Zhongtong Bus Outfit

Other key players

  • Blue bird society
  • Gillig SARL
  • The Lion Electric Company
  • Tata Engines
  • Ashok Leyland
  • Changsha Sunda New Energy Technology Co. Ltd.
  • Olectra Greentech
  • Yinlong energy
  • Golden dragon
  • JBM Auto Limited
  • Scania
  • Irizar
  • Iveco
  • Skoda
  • Blue BUS
  • Bozankaya
  • CaetanobUS
  • Tank engines
  • Bodywork Hess AG
  • Heuliez bus
  • Hybricon
  • Optare
  • Otokar Otomotiv Ve Savunma Sanayi A.?
  • Rampini Carlo
  • Sor Libchavy
  • Temsa
  • Ursus BUS
  • Van Hool SA
  • Karsan

For more information on this report, visit https://www.researchandmarkets.com/r/isiidt

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About Genevieve Swain

Genevieve Swain

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