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Electric Bus Market in China 2015-2019

About electric buses

Electric buses use electric motors instead of IC engines for propulsion. The electric energy, which is stored in batteries, is converted into mechanical energy to produce the desired propulsion. On the other hand, hybrid electric buses combine a conventional internal combustion engine propulsion system (mostly diesel based) with an electric propulsion system.

Technavio’s analysts forecast electric bus market in China to grow at a CAGR of 29.92% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of electric bus market in China for the period 2015-2019. The market size has been calculated based on the number of electric buses sold in China. The report presents six key vendors and a detailed analysis of these vendors. Based on the type of technology used for the electric bus manufacturing, we have also segmented the market into battery electric bus, and plug-in hybrid electric bus. We also discuss market growth drivers, the challenges faced by vendors and the industry as a whole, as well as key trends emerging in the market.

Technavio’s report, the electric bus market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the electric bus market in China landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Anhui Ankai Automobile
  • BYD
  • Shenzhen Wuzhoulong Motors Group
  • Zhengzhou Yutong
  • Zhongtong Bus
  • Zhuhai Guangtong Automobile
Other prominent vendors
  • Daimler
  • Eagle
  • Jiang-Su Alpha
  • Jingzhou Xinwei
  • Lianfu Group
  • Nanjing Jiayuan
  • Volvo
  • YangZhou Dawn
  • Yi Xing Electric Automobile
Market driver
  • Government initiatives
  • For a full, detailed list, view our report
Market challenge
  • Need for high initial investment
  • For a full, detailed list, view our report
Market trend
  • Growing demand for Li-Ion batteries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Electric Bus Market in China 2015-2019

Technavio recognizes the following companies as the key players in the Electric Bus Market in China: Anhui Ankai Automobile, BYD, Shenzhen Wuzhoulong Motors Group, Zhengzhou Yutong, Zhongtong Bus and Zhuhai Guangtong Automobile

Other Prominent Vendors in the market are: Daimler, Eagle, Jiang-Su Alpha, Jingzhou Xinwei, Lianfu Group, Nanjing Jiayuan, Volvo, YangZhou Dawn and Yi Xing Electric Automobile

Commenting on the report, an analyst from Technavio’s team said: “The demand for wireless buses would help to drive the demand for high performance batteries. Thereby, the demand for Li-ion batteries, due to its higher performance, would grow in the forecast period. Currently, the demand for Li-ion batteries in the electric bus segment has been led by the increased use of these batteries in the hybrid electric bus segment. However, we forecast high demand for Li-ion batteries in pure-electric buses as well in the coming years.”

According to the report, electric buses offer several advantages compared to conventional non-electric buses. Electric buses are more cost effective as they do not require gasoline (even hybrid versions require very little of it). The Chinese government, which is struggling to curb carbon emissions, is also promoting the use of electric vehicles. For instance, in 2013, it offered subsidies of $81,600 for the purchase of an electric bus.

Further, the report states that the adoption of electric buses may be restricted because of the huge initial investment required.

Companies Mentioned

Anhui Ankai Automobile, BYD, Shenzhen Wuzhoulong Motors Group, Zhengzhou Yutong, Zhongtong Bus, Zhuhai Guangtong Automobile, Daimler, Eagle, Jiang-Su Alpha, Jingzhou Xinwei, Lianfu Group, Nanjing Jiayuan, Volvo, YangZhou Dawn, Yi Xing Electric Automobile

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Advantages of electric buses
  • Global automotive Market landscape
    • Market overview
      • Table Automotive industry segmentation by vehicle type
      • Table Global automotive market 2014-2019 (millions of units)
  • Global automotive Market segmentation by vehicle type
    • Table Global automotive market segmentation by vehicle type 2014 (share)
    • Table Global automotive market production by vehicle type 2014-2019 (millions of units)
    • Global passenger car market
      • Table Global passenger car market 2014-2019 (millions of units)
      • Table Key passenger car manufacturers
    • Global light commercial vehicle market
      • Table Global light commercial vehicle market 2014-2019 (millions of units)
      • Table Light commercial vehicle manufacturers
    • Global heavy commercial vehicle market
      • Table Global heavy commercial vehicle market 2014-2019 (millions of units)
      • Table Key HCV manufacturers
  • Global automotive Market segmentation by geography
    • Table Global automotive market production by geography 2014 (share)
    • Table Global automotive market segmentation by geography 2014-2019 (millions of units)
    • Automotive market in APAC
      • Table Automotive market in APAC 2014-2019 (millions of units)
    • Automotive market in Americas
      • Table Automotive market in Americas 2014-2019 (millions of units)
    • Automotive market in EMEA
      • Table Automotive market in EMEA 2014-2019 (millions of units)
  • Supply chain analysis of automotive industry
    • Backward supply chain
    • Forward supply chain
  • Market landscape
    • Overview of global EV market
    • Overview of global electric bus market
      • Table Global electric bus market 2014 and 2019
      • Table Global electric bus market 2014-2019 (units in thousands)
    • Electric bus market in China
      • Table Segmentation of electric bus in China
      • Table Electric bus market in China 2014-2019 (units in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Table Segmentation of electric bus market in China by technology 2014-2019 (units in thousands)
    • Battery electric bus market in China
      • Table Battery electric bus market in China 2014-2019 (units in thousands)
    • Plug-in hybrid electric bus market in China
      • Table Plug-in hybrid electric bus market in China 2014-2019 (units in thousands)
  • Key leading cities
  • Market drivers
    • Table Drivers of the electric bus market in China
    • Table Environmental benefits from electric buses
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Challenges in electric bus market in China
    • Table Comparison of battery cost in electric buses
    • Table Time taken for completely charging an EV
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends in electric bus market in China
    • Table Automotive transmission market in China 2014
  • Vendor landscape
    • Competitive scenario
      • Table Leading vendors in electric bus market in China 2014
  • Key vendor analysis
    • Anhui Ankai Automobile
    • BYD
    • Shenzhen Wuzhoulong Motors Group
    • Yutong
    • Zhuhai Guangtong Automobile
    • Zhongtong Bus
  • Appendix
    • List of abbreviations
  • Explore Technavio

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