Electric Bus Market by Component (Batteries, Battery Management System, Charger), Propulsion (Battery Electric Bus, Fuel Cell Electric Bus, Hybrid Electric Bus), Battery Type, Type, Battery Capacity, Seating Capacity, Range, Autonomous Driving Level, Ownership, Application - Global Forecast 2023-2030
The Electric Bus Market size was estimated at USD 30.65 billion in 2022 and expected to reach USD 34.35 billion in 2023, at a CAGR 14.32% to reach USD 89.47 billion by 2030 .
Market Segmentation & Coverage:This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Electric Bus Market.
- Based on Component, market is studied across Batteries, Battery Management System, Charger, Cooling Systems, HV Cable Routing, Motors, and Vehicle Testing. The Cooling Systems is projected to witness significant market share during forecast period.
- Based on Propulsion, market is studied across Battery Electric Bus, Fuel Cell Electric Bus, and Hybrid Electric Bus. The Fuel Cell Electric Bus is projected to witness significant market share during forecast period.
- Based on Battery Type, market is studied across Lead-Acid Batteries, Lithium-Ion Batteries, and Nickel-Metal Hydride Batteries. The Lead-Acid Batteries is projected to witness significant market share during forecast period.
- Based on Type, market is studied across High Seating Capacity Bus, Light Bus, and Medium Bus. The Medium Bus is projected to witness significant market share during forecast period.
- Based on Battery Capacity, market is studied across Over 350 kWh and Up to 350 kWh. The Up to 350 kWh is projected to witness significant market share during forecast period.
- Based on Seating Capacity, market is studied across 40-70 Seats, Over 70 Seats, and Up to 40 Seats. The Up to 40 Seats is projected to witness significant market share during forecast period.
- Based on Range, market is studied across Over 200 Miles and Up to 200 Miles. The Over 200 Miles is projected to witness significant market share during forecast period.
- Based on Autonomous Driving Level, market is studied across Level 0 (No Driving Automation), Level 1 (Driver Assistance), Level 2 (Partial Driving Automation), Level 3 (Conditional Driving Automation), Level 4 (High Driving Automation), and Level 5 (Full Driving Automation). The Level 2 (Partial Driving Automation) is projected to witness significant market share during forecast period.
- Based on Ownership, market is studied across Government and Private. The Government is projected to witness significant market share during forecast period.
- Based on Application, market is studied across Intercity and Intracity. The Intercity is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
Market Statistics:The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:The FPNV Positioning Matrix is an indispensable tool for assessing the Electric Bus Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:The Market Share Analysis offers invaluable insights into the vendor landscape Electric Bus Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:The report delves into recent significant developments in the Electric Bus Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, Alexander Dennis Limited, Ashok Leyland Limited, Blue Bird Corporation, Blue Solutions S.A.S., BYD Company Limited, Chariot Motors, EBUSCO B.V., Eicher Motors Ltd., Eurabus GmbH, GAZ International LLC, Irizar Group, Isuzu Motors Limited, JBM Group, Karsan Otomotiv San. ve Tic. A.Ş., Mercedes-Benz Group AG, Olectra Greentech Ltd., Proterra Inc., Quantron AG, Rissala Electric Motors Pvt. Ltd, Solaris Bus & Coach sp. z o.o, Tata Motors Limited, The Lion Electric Company, TRATON SE, VDL Groep B.V., Volgren by Marcopolo S.A., WrightBus, Xiamen King Long International Trading Co.,Ltd., Zhengzhou Yutong Bus Co. Ltd., and Zhongtong Bus Holding Co., Ltd..
The report offers valuable insights on the following aspects:- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:- What is the market size and forecast for the Electric Bus Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Electric Bus Market?
- What is the competitive strategic window for identifying opportunities in the Electric Bus Market?
- What are the latest technology trends and regulatory frameworks in the Electric Bus Market?
- What is the market share of the leading vendors in the Electric Bus Market?
- Which modes and strategic moves are suitable for entering the Electric Bus Market?
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