Report overview
A bus (archaically also omnibus, multibus, motorbus, autobus) is a road vehicle designed to carry many passengers. Buses can have a capacity as high as 300 passengers. The most common type of bus is the single-deck rigid bus, with larger loads carried by double-decker and articulated buses, and smaller loads carried by midibuses and minibuses; coaches are used for longer-distance services. Many types of buses, such as city transit buses and inter-city coaches, charge a fare. Other types, such as elementary or secondary school buses or shuttle buses within a post-secondary education campus do not charge a fare. In many jurisdictions, bus drivers require a special licence above and beyond a regular driver's licence.
Market Analysis and Insights: Global Electric Bus and Hybrid Bus Market
Due to the COVID-19 pandemic, the global Electric Bus and Hybrid Bus market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Electric Bus accounting for % of the Electric Bus and Hybrid Bus global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While City Traffic segment is altered to an % CAGR throughout this forecast period.
North America Electric Bus and Hybrid Bus market is estimated at US$ million in 2022, while Europe is forecast to reach US$ million by 2030. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2030, trailing a CAGR of % through the analysis period 2023-2030. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Electric Bus and Hybrid Bus include Yutong, Daimler, MAN, Solaris Bus & Coach, Volvo, Ashok Leyland, BYD, New Flyer and Otokar, etc. In terms of revenue, the global 3 largest players have a % market share of Electric Bus and Hybrid Bus in 2022.
Global Electric Bus and Hybrid Bus Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Electric Bus and Hybrid Bus Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Electric Bus
Hybrids Bus
Segment by Application
City Traffic
Inter-city Traffic
School
Other
By Company
Yutong
Daimler
MAN
Solaris Bus & Coach
Volvo
Ashok Leyland
BYD
New Flyer
Otokar
Scania
Tata Motors
King Long
Zhong Tong
Nanjing Gold Dragon
DFAC
CRRC
Foton
ANKAI
Guangtong
Gillig
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
