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Global Electric Bus Market 2018-2022

Global Electric Bus Market 2018-2022

About this market

The initial cost of an electric bus is higher than that of a conventional bus. An average electric bus can cost 30%-35% more than an average conventional bus. Any change in the battery prices can bring a huge difference in the total cost of an electric bus. The need for efficiency improvement has encouraged battery manufacturers to come up with technological advancements in electric bus batteries. For example, advancements in Li-ion batteries have not only reduced the overall weight of electric buses but also increased their lifespan when compared to buses that use conventional lead acid and valve-regulated lead acid (VRLA) batteries. Thus, the reduction in battery prices will drive the electric bus market growth during the forecast period.Market Overview

Reduction in battery prices

Battery prices account for a significant share of the total cost of electric bus production. The need for efficiency improvement has encouraged battery manufacturers to come up with technological advancements in electric bus batteries. For instance, advancements in Li-ion batteries have not only reduced the overall weight of electric buses but also increased their lifespan when compared to buses that use conventional lead acid and valve-regulated lead acid (VRLA) batteries.

Declining number of public transport users

The increasing preference for personal vehicles is limiting the demand for public transportation. As a result, transit agencies are becoming reluctant to replace their existing conventional buses with expensive electric buses. This is a hindrance for the growth of the global electric bus market.

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

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including ANKAI, BYD Company the competitive environment is quite intense. Factors such as the reduction in battery prices and increasing popularity of wireless charging systems, will provide considerable growth opportunities to aircraft towbars manufactures. ANKAI, BYD Company, Higer BUS, Yinlong Energy, YUTONG, and Zhongtong Bus Holding are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Electric Bus Market 2018-2022

Technavio recognizes the following companies as the key players in the global electric bus market: ANKAI, BYD Company, Higer BUS, Yinlong Energy, YUTONG, and Zhongtong Bus Holding.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing popularity of wireless charging systems. High power levels are required for charging electric buses, which when provided by the inductive wireless technology, increases the convenience of electric bus operators. The US Department of Energy's Oak Ridge National Laboratory (ORNL) has developed a 20-KW inductive wireless charging system for electric vehicles.”

According to the report, one driver in the market is reduction in battery prices. Battery prices account for a significant share of the total cost of electric bus production. The need for efficiency improvement has encouraged battery manufacturers to come up with technological advancements in electric bus batteries. For instance, advancements in Li-ion batteries have not only reduced the overall weight of electric buses but also increased their lifespan when compared to buses that use conventional lead acid and valve-regulated lead acid (VRLA) batteries. The initial cost of an electric bus is higher than that of a conventional bus. An average electric bus can cost 30%-35% more than an average conventional bus. Any change in the battery prices can bring a huge difference in the total cost of an electric bus.

Further, the report states that one challenge in the market is declining number of public transport users. The increasing preference for personal vehicles is limiting the demand for public transportation. As a result. transit agencies are becoming reluctant to replace their existing conventional buses with expensive electric buses. This is a hindrance for the growth of the global electric bus market

Companies Mentioned

ANKAI

BYD Company

Higer Bus

Yinlong Energy

YUTONG

Zhongtong Bus Holding

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global buses and coaches market: Segmentation
    • 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 Global electric bus market - Market size and forecast 2017-2022 (thousand units)
      • Table Global electric bus market - 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 Global electric bus market by bus type - Market share 2017-2022 (%)
    • Comparison by bus type
      • Table Comparison by bus type
    • Pure electric buses - Market size and forecast 2017-2022
      • Table Pure electric buses - Market size and forecast 2017-2022 (thousand units)
      • Table Pure electric buses - Year-over-year growth 2018-2022 (%)
    • Plug-in hybrid buses - Market size and forecast 2017-2022
      • Table Plug-in hybrid buses - Market size and forecast 2017-2022 (thousand units)
      • Table Plug-in hybrid buses - Year-over-year growth 2018-2022 (%)
    • Market opportunity by bus type
      • Table Market opportunity by bus type
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global electric bus market by geography - Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • China - Market size and forecast 2017-2022
      • Table China - Market size and forecast 2017-2022 (thousand units)
      • Table China - Year-over-year growth 2018-2022 (%)
    • Rest of the world - Market size and forecast 2017-2022
      • Table Rest of the world - Market size and forecast 2017-2022 (thousand units)
      • Table Rest of the world - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing popularity of wireless charging systems
    • Technological advancements in electric buses
    • Retrofitted electric buses
  • 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 ANKAI: An overview
      • Table ANKAI - Product segments
      • Table ANKAI - Organizational developments
      • Table ANKAI - Key offerings
    • BYD Company
      • Table BYD Company: An 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 Higer Bus: An overview
      • Table Higer Bus - Product segments
      • Table Higer Bus - Organizational developments
      • Table Higer Bus - Key offerings
    • Yinlong Energy
      • Table Yinlong Energy: An overview
      • Table Yinlong Energy - Product segments
      • Table Yinlong Energy - Organizational developments
      • Table Yinlong Energy - Key offerings
    • YUTONG
      • Table YUTONG: An overview
      • Table YUTONG - Product segments
      • Table YUTONG - Organizational developments
      • Table YUTONG - Key offerings
    • Zhongtong Bus Holding
      • Table Zhongtong Bus Holding: An 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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