What is Electric Bus & Hybrid Bus Market Scope?
Electric Bus and Hybrid Bus is defined as the type of buses which is operated by battery and electric charging. The hybrid bus are the bus which is operated by the battery as well as diesel or fuel. The hybrid electric bus are increasing rapidly in developed countries. Electric Bus and Hybrid Bus is boosted by an electric motor and a conventional internal combustion engine that is smaller than usual. To improve efficiency, the battery-powered electric motor allows the combustion engine to operate at peak efficiency. An Electric Bus and Hybrid Bus is one whose propulsion and accessory systems are entirely powered by zero-emissions electricity. On-board batteries, a hydrogen-fuel cell, overhead wires, as in a trolleybus application, or ground-based non-contact conductors can be used as the power source. An Electric Bus and Hybrid Buses one that combines traditional internal combustion engine propulsion with electric propulsion. These buses, also known as hybrid Diesel-electric buses, typically use a Diesel-electric powertrain.
Influencing Trend:
Modern Technology and Rapid Evolution in Bus Industry
Market Growth Drivers:
Mounting Demand for Zero-Emission and Expanding Mandate for Energy-Efficient Mass Transportation Solutions
Challenges:
Less Battery Capacity and Required Lot of Electricity
Restraints:
High Cost for Manufacturing and Take a More Time for Complete Charge
Opportunities:
Increases Government Investment in Electrification for Public Transportation
The Electric Bus & Hybrid Bus market study is being classified by Type (Plug In hybrid, Tribrid Bus and Others), by Application and major geographies with country level break-up.
The Global market of Electric Bus and Hybrid Bus is included more number of player which are provide high number of services so the global market are less competition. In worldwide market of Electric Bus and Hybrid Bus the presented companies follow the new launch or innovation of product for increasing their revenue and growth. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Electric Bus & Hybrid Bus market throughout the predicted period.
BYD (China), Yutong (China), Proterra (China), VDL Group (Netherlands), AB Volvo (Sweden), NZ Bus Ltd. (New Zealand), Alexander Dennis (United Kingdom), Azure Dynamics Corporation (United States), Kinetic (Australia) and New Flyer Industries (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Tata (India), Orion Bus Industries (United States) and North American Bus Industries (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electric Bus & Hybrid Bus market by Type, Application and Region.
On the basis of geography, the market of Electric Bus & Hybrid Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 14 March 2022 Kinetic announces acquisition of NZ Bus Ltd. With the acquisition of NZ Bus Ltd, Kinetic has become the largest operator of battery electric buses in Australasia, and one of the largest globally. Under Kinetic ownership, NZ Bus will deliver at least 200 electric buses as part of its contracts in Auckland and Wellington, with significant investment in depot conversion and electric charging infrastructure
On 19 June 2022 Switch Mobility launches new electric bus. According to the company, this next-generation E-Bus will meet the needs of India's burgeoning bus market, backed by over ten years of EV expertise. These electric buses will be available in two variants: EiV 12 low floor and EiV 12 standard, and will provide best-in-class reliability, range, and comfort. In addition, the company announced that it has received over 600 orders for its newest electric buses. The EiV bus series was created to meet the needs of customers in a variety of applications, including intra-city, inter-city, staff, school, and tarmac, while providing maximum passenger capacity and comfort. The buses also make use of a new generation of extremely efficient, modular batteries with superior lithium-ion NMC chemistry that have been specifically designed for the Indian market and climate.
Key Target Audience
Electric Bus and Hybrid Bus manufacture, Vendor and Supplier, Investor, Automotive Industry, New Entrance and Government Bodies
Electric Bus & Hybrid Bus Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Electric Bus & Hybrid Bus Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Electric Bus & Hybrid Bus industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.