Global Electric and Hybrid Electric Buses Market By Type (Heavy Duty Electric, Light Duty Electric, and Hybrid Electric Bus), By Application (Industry, Commercial, and Others), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2026

  • Published On: Jan, 2020
  • Category: Automotive
  • Pages: 129
Global Electric and Hybrid Electric Buses Market is estimated to reach $XX Million by 2026; growing at a CAGR of XX% till 2026.

Market Overview

Global Electric and Hybrid Electric Buses Market is estimated to reach $XX Million by 2026; growing at a CAGR of XX% till 2026. Electric buses are the buses that contain electric engine propulsion system, whereas hybrid electric bus combines the standard internal ignition engine propulsion system with electric engine propulsion system. A hybrid electric bus is also called as hybrid diesel-electric bus. These buses are used for the purpose of the public transport. Increasing air pollution across the globe is dangerous to human life and electric and hybrid electric buses are helping environment by using electric batteries which are inbuilt in the vehicle. With rising air pollution the electric and hybrid electric buses market is high in demand.

Growth Factors

Emerging government reforms concerning clean environment with promotion of CNG/LNG buses for zero emission and rapid pace in the growth and development of transportation sector are the key driving factors of the market. However, time consuming factors concerning charging of the vehicles is the stumbling block for the market. Moreover, offering tremendous potential for incorporation of electri & hybrid electric buses which would definitely provide lucrative opportunities for the market in the coming years. In addition, rising urbanisation and standard of living can help to grow the electric and hybrid electric buses market globally till the forecast time frame.

Market Segmentation

The global electric and hybrid electric buses market is mainly classified based on type and application. Type is further segmented into heavy duty electric, light duty electric, and hybrid electric bus. By application the market is divided into industry, commercial, and others. Based on segmentation, hybrid electric bus type will grow predominantly in the coming years owing to change of trend towards electric & hybrid electric buses. Manufacturers are pinpointing this segment type and will dominate the overall market as projected by the industry experts. Manufacturers view point is such that they have been witnessing rapid development in transportation network coupled with technology to upsurge the electric & hybrid electric buses to reach to its nascent phase. On a final note, manufacturers are opting to manufacture electric & hybrid electric buses type as a substitute to diesel fuelled buses.

Regional Analysis

Based on geography, the global electric and hybrid electric buses market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Competitive Players

Key players operating in the electric and hybrid electric buses industry include Aktiebolaget Volvo, Alexander Dennis Limited, Anhui Ankai Automobile Co. Ltd., BYD Company Limited, Daimler AG, Green Power Motor Company Inc., Ebusco B.V., Heilongjiang Longhua Automobile Co.Ltd., and Iveco S.p.A. among others, Thomas Built Buses, North American Bus Industries, Orion International, Volvo Buses, Wrightbus, Gillig Corporation, Solaris Bus & Coach, Optima Bus Corporation, Isuzu Motors, Alexander Dennis, Stallion Bus and Transit Corp., IC Bus, Environmental Performance Vehicles, Motor Coach Industries, ElDorado National, General Motors, Hino Motors, Nova Bus, Allison Transmission, Iveco Bus, Mitsubishi Fuso Truck and Bus Corporation, New Flyer Industries For instance on October 17, 2019- Volvo Buses launched a new electric hinged bus namely “Volvo 7900 Electric Articulated bus” that has the capacity to occupy around 150 passengers with 80% lowest energy consumption when compared with diesel bus. The ‘Volvo 7900 Electric Articulated bus’ possess potential of mulititude tasks at one time. Moreover, it is capable to handle entire project coupled with management starting from its route simulation and analysis till the time of implementation of charging infrastructure. Furthermore, one of the product of Green Power Motor Company Inc. include ‘The GreenPower EV Star’. The purpose behind designing the product is to bring it down to zero emission. The features involve multitude functionalities, minibus, executive shuttle, vanpool, and among others. Moreover, other product list in the company include ‘GREENPOWER EV550’ and ‘THE GREENPOWER SYNAPSE TYPE-D ELECTRIC SCHOOL BUS’.

Electric and Hybrid Electric Buses Market Key Segments:

By Type
  • Heavy Duty Electric
  • Light Duty Electric
  • Hybrid Electric Bus
By Application
  • Industry
  • Commercial
  • Others
 By Geography
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • GCC Countries
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

Table of Content 1. Market Introduction 1.1. Executive Summary 1.2. Market Definition 1.3. Market Scope 2. Research Methodology 2.1. Primary Research 2.2. Research Methodology 2.3. Assumptions & Exclusions 2.4. Secondary data sources 3. Electric and Hybrid Electric Buses Market Overview 3.1. Report Segmentation & Scope 3.2. Key Market Trend 3.3. Drivers 3.3.1. Emerging government reforms concerning clean environment with promotion of CNG/LNG buses for zero emission 3.3.2. Rapid pace in the growth and development of transportation sector 3.4. Restraints 3.4.1. Time consuming factors concerning charging of the vehicles 3.5. Opportunities 3.5.1. Developed economies offering tremendous potential for incorporation of electri & hybrid electric buses 3.6. Porter’s Five Forces Analysis 3.6.1. Porter’s Five Forces Analysis 3.7. Market Share Analysis 4. Type Overview 4.1. Introduction 4.1.1. Market Size & Forecast 4.2. Heavy Duty Electric 4.2.1. Market Size & Forecast 4.3. Light Duty Electric 4.3.1. Market Size & Forecast 4.4. Hybrid Electric Bus 4.4.1. Market Size & Forecast 5. Application Overview 5.1. Introduction 5.1.1. Market Size & Forecast 5.2. Industry 5.2.1. Market Size & Forecast 5.3. Commercial 5.3.1. Market Size & Forecast 5.4. Others 5.4.1. Market Size & Forecast 6. Electric and Hybrid Electric Buses Market Regional Overview 6.1. Introduction 6.1.1. Market Size & Forecast 6.2. North America Electric and Hybrid Electric Buses Market 6.2.1. North America Market Size & Forecast, By Country 6.2.2. North America Market Size & Forecast, By Type 6.2.3. North America Market Size & Forecast, By Application 6.2.4. U.S. 6.2.4.1. Market Size and Forecast 6.2.5. Canada 6.2.5.1. Market Size and Forecast 6.2.6. Mexico 6.2.6.1. Market Size and Forecast 6.3. Europe Electric and Hybrid Electric Buses Market 6.3.1. Europe Market Size & Forecast, By Country 6.3.2. Europe Market Size & Forecast, By Type 6.3.3. Europe Market Size & Forecast, By Application 6.3.4. Germany 6.3.4.1. Market Size and Forecast 6.3.5. France 6.3.5.1. Market Size and Forecast 6.3.6. UK 6.3.6.1. Market Size and Forecast 6.3.7. Italy 6.3.7.1. Market Size and Forecast 6.3.8. Spain 6.3.8.1. Market Size and Forecast 6.3.9. Rest of Europe 6.3.9.1. Market Size and Forecast 6.4. Asia-Pacific Electric and Hybrid Electric Buses Market 6.4.1. Asia-Pacific Market Size & Forecast, By Country 6.4.2. Asia-Pacific Market Size & Forecast, By Type 6.4.3. Asia-Pacific Market Size & Forecast, By Application 6.4.4. Japan 6.4.4.1. Market Size and Forecast 6.4.5. China 6.4.5.1. Market Size and Forecast 6.4.6. Australia 6.4.6.1. Market Size and Forecast 6.4.7. India 6.4.7.1. Market Size and Forecast 6.4.8. South Korea 6.4.8.1. Market Size and Forecast 6.4.9. Rest of Asia-Pacific 6.4.9.1. Market Size and Forecast 6.5. South America Electric and Hybrid Electric Buses Market 6.5.1. South America Market Size & Forecast, By Country 6.5.2. South America Market Size & Forecast, By Type 6.5.3. South America Market Size & Forecast, By Application 6.5.4. Brazil 6.5.4.1. Market Size and Forecast 6.5.5. Argentina 6.5.5.1. Market Size and Forecast 6.5.6. Rest of South America 6.5.6.1. Market Size and Forecast 6.6. Middle East & Africa Electric and Hybrid Electric Buses Market 6.6.1. Middle East & Africa Market Size & Forecast, By Country 6.6.2. Middle East & Africa Market Size & Forecast, By Type 6.6.3. Middle East & Africa Market Size & Forecast, By Application 6.6.4. GCC Countries 6.6.4.1. Market Size and Forecast 6.6.5. Egypt 6.6.5.1. Market Size and Forecast 6.6.6. South Africa 6.6.6.1. Market Size and Forecast 6.6.7. Rest of Middle East & Africa 6.6.7.1. Market Size and Forecast 7. Company Profile 7.1. Aktiebolaget Volvo 7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.1.2. Aktiebolaget Volvo Product Category, Application, and Specification 7.1.3. Aktiebolaget Volvo Financial Performance (2016-2018) 7.1.4. Main Business/Business Overview 7.2. Alexander Dennis Limited 7.3. Anhui Ankai Automobile Co. Ltd. 7.4. BYD Company Limited 7.5. Daimler AG 7.6. Ebusco B.V. 7.7. Green Power Motor Company Inc. 7.8. Heilongjiang Longhua Automobile Co.Ltd. 7.9. Iveco S.p.A.

Key Industry Players
  • Aktiebolaget Volvo
  • Alexander Dennis Limited
  • Anhui Ankai Automobile Co. Ltd.
  • BYD Company Limited
  • Daimler AG
  • Ebusco B.V.
  • Green Power Motor Company Inc.
  • Heilongjiang Longhua Automobile Co.Ltd.
  • Iveco S.p.A.

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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