An EV bus is an electric bus which is powered by electricity. EV bus uses one or more electric motors or traction motors for propulsion. Also, it may be powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels or an electric generator to convert fuel to electricity. Moreover, the increased environmental concerns have attributed in a transformation of the transportation industry from the fossil fuel powered-engines to electric drivetrains. The EV bus market is growing at a faster pace owing to many governments across the globe have initiated changes in the public transportation system by replacing the heavy duty diesel and gasoline run buses with electric buses. According to AMA Research, the market for EV Bus is expected to register a CAGR of 28.2% during the forecast period to 2028.
This growth is primarily driven by The growing concern about greenhouse gas emission
|Volume Unit||K Unit|
|Value Unit||USD (Million)|
|Dominating Type||Battery Electric Bus (BEB)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Automobiles sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Zhengzhou Yutong Group Co. Ltd. (China), King Long United Automotive Industry Co. Ltd. (China), BYD Company Limited (China), Proterra Inc. (United States), Ab Volvo (Sweden), Daimler Ag (Germany), Solaris Bus & Coach S.A. (Poland), Zhongtong Bus & Holding Co. Ltd. (China), Ebusco (Netherlands), Shenzhen Wuzhoulong Motors Co. Ltd (China) and Alexander Dennis Limited (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Expansion and acquisitions are the major strategies followed by key players in global EV bus market to maintain their position in market14 Nov, 2018- BYD is further expanding its footprint in Europe by confirming an order for 27 of its 12 meter pure electric buses for use in Copenhagen, the capital city of Denmark. and On 30 Oct, 2018, Proterra, a leading innovator in electric transportation, and Thomas Built Buses, a leading manufacturer of school buses in North America, unveiled a new high-performance electric school bus, featuring an industry-leading Proterra« battery system, at the 44th Annual National Association of Pupil Transportation
Influencing Trend:Emergence of regional competitors into global market
Market Growth Drivers:The growing concern about greenhouse gas emission and Rising fuel prices and increased environmental concerns
Challenges:The availability of electric vehicle (EV) charging infrastructure
Restraints:High Cost of EV Bus and Increasing Popularity of Natural Gas Fueled Buses
Opportunities:Rising adoption of EV buses in developing economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of EV Bus Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of EV Bus Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of EV Bus players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, EV Bus Study Sheds Light on The EV Bus Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the EV Bus industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where EV Bus industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.