Electric Bus Market in China 2018-2022

Electric Bus Market in China 2018-2022

About this market

China is the dominant adopter of electric vehicles (EVs) across the world which can be evident from its share of about 99% in the global e-bus market in terms of cumulative adoption. The Chinese market is an early adopter of new technology that supports electric vehicles. The newly launched electric buses are also being equipped with supercapacitors, that have high durability with an operating time of 12 years and endure million charges under high temperature. With the supercapacitors forming a crucial component in the e-bus market, the industry is set to grow exponentially. Technavio ‘s analysts predict the electric bus market in China to grow at a CAGR of close to 11 % by 2022.

Market Overview

Reducing prices of battery packs

Since e-buses are driven and powered by battery-powered systems, the battery cost is one of the crucial factors contributing to the upfront cost of an e-bus. With the implementation of economies of scale from top battery manufacturers and shift of manufacturing bases from Japan too China, the cost of batteries is continuously decreasing, contributing to the growth of the electric bus market in China.

Availability of strong alternative public transportation like rail network

With the increase in disposable income, high buying power of consumers, and ease of commute, customers are increasingly shifting their preference from bus and coach travel to air travel. This will negatively impact the electric buses market in China.

For the detailed list of factors that will drive and challenge the growth of the electric buses market in China during the 2018-2022, view our report.

Competitive landscape

The electric buses market in China appears to be concentrated since the market has few number of companies. The reducing prices of battery packs and the adoption of fully electric buses equipped with supercapacitors are some of the factors positively impacting the growth of the market. Some of the top companies in the electric buses market in china include ANKAI, BYD Company, Higer Bus, Yinlong Energy, YUTONG, and Zhongtong Bus Holding.

‘With the presence of a few number of companies, this market appears to be concentrated. This market research report will help clients identify new growth opportunities. Several companies in the electric buses market in china are focusing on developing fully electric busses equipped with supercapacitors that provide high durability.’


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Electric bus market in China
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Electric bus market in China - Market size and forecast 2017-2022 (thousand units)
      • Table Electric bus market in China - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by bus type
    • Segmentation by bus type
      • Table Electric bus market in China by bus type - Market share 2017-2022 (%)
    • Comparison by bus type
      • Table Comparison by bus type
    • Fully electric bus - Market size and forecast 2017- 2022
      • Table Fully electric bus - Market size and forecast 2017-2022 (thousand units)
      • Table Fully electric bus - Year-over-year growth 2018-2022 (%)
    • Hybrid electric bus - Market size and forecast 2017-2022
      • Table Hybrid electric bus- Market size and forecast 2017-2022 (thousand units)
      • Table Hybrid electric bus - Year-over-year growth 2018-2022 (%)
    • Market opportunity by bus type
      • Table Market opportunity by bus type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by customer
    • Segmentation by customer
      • Table Electric bus market in China by customer - Market share 2017-2022 (%)
    • Comparison by customer
      • Table Comparison by customer
    • Public - Market size and forecast 2017-2022
      • Table Public - Market size and forecast 2017-2022 (thousand units)
      • Table Public - Year-over-year growth 2018-2022 (%)
    • Private - Market size and forecast 2017-2022
      • Table Private - Market size and forecast 2017-2022 (thousand units)
      • Table Private - Year-over-year growth 2018-2022 (%)
    • Market opportunity by customer
      • Table Market opportunity by customer
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Adoption of fully electric buses equipped with supercapacitors
    • Replacement of diesel buses with electric buses
    • Adoption of ultra-fast EV charging stations in China
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ANKAI
      • Table Vendor overview
      • Table ANKAI - Product segments
      • Table ANKAI - Organizational developments
      • Table ANKAI - Key offerings
    • BYD Company
      • Table Vendor overview
      • Table BYD Company - Business segments
      • Table BYD Company - Organizational developments
      • Table BYD Company - Geographic focus
      • Table BYD Company - Segment focus
      • Table BYD Company - Key offerings
    • Higer Bus*
      • Table Vendor overview
      • Table Higer Bus - Product segments
      • Table Higer Bus - Organizational developments
      • Table Higer Bus - Key offerings
    • Yinlong Energy
      • Table Vendor overview
      • Table Yinlong Energy - Product segments
      • Table Yinlong Energy - Organizational developments
      • Table Yinlong Energy - Key offerings
    • YUTONG
      • Table Vendor overview
      • Table YUTONG - Product segments
      • Table YUTONG - Organizational developments
      • Table YUTONG - Key offerings
    • Zhongtong Bus Holding
      • Table Vendor overview
      • Table Zhongtong Bus Holding - Product segments
      • Table Zhongtong Bus Holding - Organizational developments
      • Table Zhongtong Bus Holding - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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