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Market Research Report

Global Electric & Hybrid Bus Market Analysis by Technology, by Vehicle Type (Urban Buses, Intercity Buses & Touring Coaches) & by End-User & by Region with Forecast 2017-2030

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Electric & Hybrid Bus Market Overview

The rising concern related to the greenhouse gas emission and long-term cost assistance provided by the electric bus is alluring transit agencies to adopt electric and hybrid buses. Air pollution is one of the leading causes of death in numerous countries, according to a report by the World Health Organization (WHO). Every year about 90,000 deaths in Europe occur due to air pollution. Due to the negative impact of air pollution, the governments around the globe have started investing heavily in reducing pollution. Countries such as China, France, the U.K., and Germany are some of the early adopters of electric and hybrid buses.

Electric & Hybrid Bus Market Segmentation

By Technology

  • Fuel Cells
  • Plug-in Hybrids
  • Hybrid
  • Electric

By Vehicle Type

  • Urban buses
  • Intercity buses
  • Touring coaches
  • Minibusses

By End-User

  • Government
  • Fleet Owners

Based on Geography

  • North America (U.S. & Canada) 
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) 
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) 
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) 
  • The Middle East & Africa (GCC, South Africa, North Africa, RoMEA) 

Market Share by Vehicle Type and Region 

On the basis of vehicle type, urban buses are having the highest market share of 41.0% owing to high demand by daily travelers. Every day almost 5.63 billion people use urban buses and this sector will dominate the market in the future as well. Whereas, on the other hand, the market share of touring coaches is growing steadily at a market share of 21.90% as tourism is increasing day by day

Based on geography, Asia Pacific dominated the global electric and hybrid bus market with a market share of 51.2% in 2017 owing to an increase in urbanization and rising population. Countries such as China and India have a global market share of 22.0% with more than 80,000 units being acquired. North America is growing steadily with a market share of 32.1% due to an increase in the concern related to the environment and the US government taking initiatives to shift their public transportation systems to zero-emission vehicles.

Trends, Drivers & Challenges to Market Growth

According to our global market study on the basis of extensive primary and secondary research:  “One of the major trends in the global electric and hybrid bus market is the introduction of the lithium-ion iron phosphate charger that provides the electric motor i.e. 150kW with power. This bus travels for at least 7 kilometers only on electricity before the diesel amassed switches on. In addition, this bus is emission-free and extremely low-noise. For instance, Volvo is coming up with these features in its Volvo 7900 Electric Hybrid.”

According to the report, the major driving factor for electric and hybrid bus market is the increasing number of venture funding in the global electric and hybrid bus market. Though this market is still in its budding phase and requires more technical development for its increased adoption. Many players are investing almost USD 30 million to USD 120 million in the global electric and hybrid bus market.

Further, the report states the major challenge is the long charging, it takes around ten hours to charge a normal 15kWh battery in a standard 120-volt outlet. Another major challenge in the global electric and hybrid bus market the cost of the batteries fitted in the buses. In the US the battery costs around USD 300 per kWh. Battery cost still is above the target even if the battery makers can meet the technical challenges which are hampering the global electric and hybrid bus market.

Covered In This Global Electric And Hybrid Bus Market Report

The report covers the present ground scenario and the future growth prospects of the electric and hybrid bus market for 2017-2030 along with the new market players entering in the global electric and hybrid bus market. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.

Global electric and hybrid bus market report by Goldstein Research has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global electric and hybrid bus market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global electric and hybrid Bus market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Key Market Players

Our report comprises of the following companies as the key players.

  • AB Volvo
  • Zhengzhou Yutong Group Co. Ltd.
  • Shenzhen Wuzhoulong Motors Co. Ltd.
  • Daimler AG, BYD Company Limited
  •  King Long United Automotive Industry Co. Ltd.
  • Alexander Dennis Limited
  •  New Flyer Industries Inc.
  • Solaris Bus & Coach S.A.
  • and Proterra Inc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us the sample request.

Key questions answered in this Market Study

  • What is the total market size by 2030 and what would be the expected growth rate of the market?
  • What is the revenue of electric and hybrid buses in 2016-17 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategies of the key players?

We can provide two-hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.

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Global Electric & Hybrid Bus Market Analysis by Technology, by Vehicle Type (Urban Buses, Intercity Buses & Touring Coaches) & by End-User & by Region with Forecast 2017-2030

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