The global electric bus market is projected to grow from 192 thousand units in 2021 to 544 thousand units in 2028 at a CAGR of 16.0% in forecast period.
Electric bus or e-bus is a bus that does not have traditional ICE engine for its propulsion and is completely electric. E-bus is driven by an on-board electric motor that receives the power from on-board batteries or set of batteries. Electric buses are considered as eco-friendly as they do not produce any pollutants are also economical when compared with traditional gasoline/diesel buses.
Increase in demand for fuel-efficient, high-performance, and low-emission buses, stringent government rules & regulations toward vehicle emission, and reduction in battery prices are some of the factors that have supported long-term expansion for Electric Bus Market.
With the advent in COVID-19 pandemic across the globe, the electric bus market has been affected as the e-bus manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. In addition, the unavailability of skilled labour has affected the market growth.
The market in Asia Pacific is projected to experience the fastest growth owing to the high demand of electric buses from countries such China, Japan, South Korea and India. Further, China has introduced many electric buses to reduce vehicle emissions.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 192 thousands |
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Growth Rate |
CAGR of 16.0% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in thousands and CAGR from 2021 to 2028 |
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Report Segmentation |
propulsion type, consumer segment, application, application, bus type, vehicle range, battery capacity, power output, battery type, component (qualitative) and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
AB Volvo, Ankai Bus, BYD Company Ltd., Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, NFI Group Inc., Proterra, VDL GROEP BV, Yutong Group, and Zhongtong Bus Holdings Co., Ltd. |
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Available Customization |
In addition to the market data for Electric Bus Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Electric Bus Market is segmented into propulsion type, consumer segment, application, application, bus type, vehicle range, battery capacity, power output, battery type, component (qualitative) and region.
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