Electric Bus Market Size, Growth Factors, and Forecast 2029

Electric Bus Market was valued at 112039.68 Units in 2022, and it is expected to reach 1383480.32 Units by 2029, exhibiting a CAGR of 43.2% during the forecast period (2023-2029)

Electric Bus Market was valued at 112039.68 Units in 2022, and it is expected to reach 1383480.32 Units by 2029, exhibiting a CAGR of 43.2% during the forecast period (2023-2029)

 

Market Overview:

Conducting thorough primary and secondary research formed the basis of the global Electric Bus market analysis. Secondary research supplemented existing data by segmenting the market, estimating its overall size, and predicting growth rates. This comprehensive approach utilized both primary and secondary research methods to identify market leaders, evaluate market revenue, and conduct in-depth interviews with key industry figures like CEOs, marketing executives, and experienced frontline staff. While primary research involved detailed interviews, secondary research involved reviewing annual and financial reports of major manufacturers. The comparison of secondary data with primary findings facilitated the calculation of global market splits, shares, growth rates, and breakdowns.

 

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Market Scope:

The study defines market segments, predicts market size, and offers insights into the dynamic structure of the Global Electric Bus Market. The report provides a competitive analysis of significant firms based on pricing, financial status, application expansion strategies, and geographical presence. Additionally, a PESTLE analysis assists stakeholders in prioritizing their efforts and investments. External and internal factors likely to impact enterprises positively or negatively are thoroughly researched, aiding decision-makers in understanding the sector's future.

 

Segmentation:

by Propulsion Type

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


by Component

• Battery
• Motor
• Fuel Cell Stack
• Battery Management System
• Battery Cooling System
• EV Connector


by Range

• Up to 200 miles
• Above 200 miles


byPower Output

• Up to 250 kW
• Above 250 kW


by Battery Capacity

• Up to 400 kWh
• Above 400 kWh


by Application

• Intracity
• Intercity


by Battery Type

• Lithium-nickel-manganese-cobalt oxide
• Lithium-iron-phosphate
• Others


by Level of Autonomy

• Semi-autonomous
• Autonomous

 

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Key Players:

1. BYD Company Ltd.
2. Yutong
3. New Flyer Industries Inc.
4. Proterra Inc.
5. Solaris Bus & Coach SA
6. Zhongtong Bus Holding Co., Ltd.
7. Shenzhen Wuzhoulong Motors Co., Ltd.
8. EBUSCO BV.
9. Dongfeng Automobile Co., Ltd
10. Alexander Dennis
11. King Long
12. FAW Group
13. AB Volvo
14. Daimler AG
15. TATA Motors
16. Ashok Leyland
17. Nova Bus
18. Foton Motor Inc.
19. Ashok Leyland Electric Bus.
20. JBM Solaris ECOLIFE.
21. Electric Bus K9.
22. SKYPAK XL Bus.

 

Regional Analysis:

The study analyzes the Electric Bus market at a national level, focusing on potentially high-growth categories, nations with significant market shares, and those with high development potential. Geographical breakdowns in the Electric Bus Market study include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and other nations.

Key Questions Answered in the Electric Bus Market Report:

• What is the anticipated CAGR of the Electric Bus market during the forecast period?

• Which market category emerged as the leader in the Electric Bus market?

• Who are the major players in the Electric Bus market?

• What is the projected size of the Electric Bus market in 2029?

• Which firm holds the largest market share in the Electric Bus market?

 

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