Industry Background:
Electric school buses provide a smoother, quieter ride than fossil fuel-powered buses. It has a better driving and riding experience, and it also creates a safe environment in which students are quitters and drivers are more aware of what’s happening on the bus. The electric school buses can serve as a versatile battery storage unit. Operating an electric school bus can lower costs than half of what it would take to run an older diesel school bus.
According to AMA Research, the market for Electric School Bus - is expected to register a CAGR of 18.78% during the forecast period to 2030. This growth is primarily driven by Various Potential Benefits of Electric School Bus.
Attributes | Details |
---|
Study Period | 2019-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Blue Bird Corporation (United States), IC Bus (United States), Thomas Built Buses (United States), Collins Industries (United States), Micro Bird Inc. (Canada), Starcraft Bus (United States) and Lion Electric Company (Canad, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 11th August 2021, Nuvve Holding Corp. has announced the partnership with Blue Bird Corporation. The transaction is regarding accelerating the electrification of transportation and making electric buses more affordable.
In Feb. ,2023 Greenpower Motor Company Inc. a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the launch of Round 4 of its pilot project to demonstrate all-electric school buses in Mineral, Lewis, Harrison and Upshur County school districts in West VirginiaElectric School Bus - is a fragmented market with many key players. The players are focusing on new launches with new innovations and providing various features in the electric school buses to grow in the key player's competition.
Influencing Trend:
Electric School Bus create Zero Emission
Market Growth Drivers:
Various Potential Benefits of Electric School Bus
Challenges:
Lack of Charging Infrastructure
Restraints:
Higher Purchase Price Associated with the Electric School Bus and Limited Battery Range of Electric School Bus
Opportunities:
Growing Adoption of Electric School Bus in the Emerged as well as Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electric School Bus - Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electric School Bus - Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electric School Bus - players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric School Bus - Study Sheds Light on
The Electric School Bus - Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric School Bus - industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric School Bus - industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.