Electric Bus Market 2022 Regions, Type, Application And Forecast 2029
Global Electric Bus Market, a new study from Maximize Market Research, offers thorough analysis of the market's size, share, scope, and growth prospects as they relate to the industry's growth. Report on the Global Electric Bus Market aids customers in understanding the potential and problems faced by the sector. The Global Electric Bus Market research provides complete information on the most recent technical advancements and market growth prospects on the basis of regional context.
Global Electric Bus Market was valued at 78,240 Units in 2021, and it is expected to reach 1,383,480 Units by 2029, exhibiting a CAGR of 43.2% during the forecast period (2022-2029)
Electric Bus Market Overview:
The competitive landscape of the Electric Bus market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Electric Bus market.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
Fuel cell electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles are the market segments. The market share for battery-electric vehicles was 91.4% in 2021. Onboard battery-electric buses, large-capacity battery packs store electricity. The electrical motor and all onboard electronics are powered by those batteries thanks to the way these buses are built. Since hydrogen fuel cell buses can be refilled more quickly and have greater ranges than conventional e-buses, the fuel cell electric vehicle category is also anticipated to grow dramatically during the projected period. The category of plug-in hybrid electric vehicles is anticipated to grow substantially during the projected period.
Key Players: Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources.
The following are the key players of the Electric Bus market-
• BYD Company Ltd.
• Yutong
• New Flyer Industries Inc.
• Proterra Inc.
• Solaris Bus & Coach SA
• Zhongtong Bus Holding Co., Ltd.
• Shenzhen Wuzhoulong Motors Co., Ltd.
• EBUSCO BV.
• Dongfeng Automobile Co., Ltd
• Alexander Dennis
• King Long
• FAW Group
• AB Volvo
• Daimler AG
• TATA Motors
• Ashok Leyland
• Nova Bus
• Foton Motor Inc.
• Ashok Leyland Electric Bus.
• JBM Solaris ECOLIFE.
• Electric Bus K9.
• SKYPAK XL Bus.
Regional Analysis:
Individual market influencing elements and changes in market rules that impact present and future market trends are also included in the geographical factor of the research. Only a few of the indicators utilized to anticipate market scenarios for distinct nations include downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies.
COVID-19 Impact Analysis on Electric Bus Market: The study also looks at the influence of COVID-19 on the Electric Bus market. The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, notable trends, and challenges that the industry is experiencing across major regions. The report presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Electric Bus Market. The particular research focuses on market share and size, demonstrating clearly the impact that the epidemic has had and will have on the global Electric Bus Market in the next years.
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Key Questions Answered in the Electric Bus Market Report are:
- What will be the CAGR of the Electric Bus market during the forecast period (2021-2029)?
- Which segment emerged as the leading segment in the Electric Bus market?
- Which are the prominent players in the Electric Bus market?
- What key trends are likely to emerge in the Electric Bus market in the forecast period?
- What will be the Electric Bus market size by 2029?
- Which company held the largest share in the Electric Bus market in 2020?
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