Global Battery Electric Buses Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Battery Electric Buses Market is presumed to reach the market size of nearly USD 256.92 Billion by 2032 from USD 72.52 Billion in 2023 with a CAGR of 15.09% under the study period 2024-2032.

Battery electric buses (BEBs) are a type of public transportation vehicle powered entirely by electricity stored in on-board batteries. These buses offer a sustainable alternative to traditional diesel-powered buses, reducing greenhouse gas emissions and noise pollution. BEBs are equipped with electric motors and large battery packs, charged through plug-in systems at depots or fast-charging stations. Cities increasingly adopt them to improve air quality and meet climate goals. The key advantages of BEBs include lower operating costs, zero tailpipe emissions, and a smoother, quieter ride for passengers.

MARKET DYNAMICS

The spurring emphasis on lowering carbon emissions and mitigating climate change impacts drives the battery electric buses market. Governments worldwide implement stringent regulations to curb pollution, significantly boosting market growth. Additionally, advancements in battery technology, leading to longer ranges and shorter charging times, are making battery electric buses a more viable option for public transportation systems. Economic incentives and subsidies governments offer to promote the use of electric vehicles further propel market growth. Urbanization and expanding city public transportation networks also increase the demand for efficient and eco-friendly bus options.

Furthermore, rising fuel costs make battery electric buses an attractive alternative due to their lower operational costs than traditional diesel-powered buses. Public awareness and support for sustainable transportation solutions are also crucial, as communities advocate for cleaner air and environmentally friendly transit options. Moreover, collaborations between public transport authorities and private companies to develop charging infrastructure and enhance service efficiency further propel market growth. However, limited charging infrastructure and high initial costs may challenge the market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Battery Electric Buses. The growth and trends of Battery Electric Buses industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Battery Electric Buses market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Bus

Standard Electric Bus
Articulated Electric Bus
Shuttle Electric Bus
Midi Electric Bus
Double-Decker Electric Bus
Others

By Battery

Nickel-Cadmium
Li-Ion
Lead Acid
Others

By Application

Public Transit
Private Fleet
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Battery Electric Buses market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Battery Electric Buses market include BYD, Yutong Group, Zhongtong Bus Holding Co. Ltd., CRRC Corporation Limited, Alexander Dennis Limited, New Flyer Industries Inc., Volvo Buses, Daimler AG, Van Hool NV, EbuscoBV, Optare PLC, Nova Bus Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114641

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. BATTERY ELECTRIC BUSES - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Bus
- 3.7.2 Market Attractiveness Analysis By Battery
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL BATTERY ELECTRIC BUSES MARKET ANALYSIS BY BUS

5.1. Overview By Bus
5.2. Historical and Forecast Data
5.3. Analysis By Bus
5.4. Standard Electric Bus Historic and Forecast Sales By Regions
5.5. Articulated Electric Bus Historic and Forecast Sales By Regions
5.6. Shuttle Electric Bus Historic and Forecast Sales By Regions
5.7. Midi Electric Bus Historic and Forecast Sales By Regions
5.8. Double-Decker Electric Bus Historic and Forecast Sales By Regions
5.9. Others Historic and Forecast Sales By Regions

6. GLOBAL BATTERY ELECTRIC BUSES MARKET ANALYSIS BY BATTERY

6.1. Overview By Battery
6.2. Historical and Forecast Data
6.3. Analysis By Battery
6.4. Nickel-Cadmium Historic and Forecast Sales By Regions
6.5. Li-Ion Historic and Forecast Sales By Regions
6.6. Lead Acid Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL BATTERY ELECTRIC BUSES MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data
7.3. Analysis By Application
7.4. Public Transit Historic and Forecast Sales By Regions
7.5. Private Fleet Historic and Forecast Sales By Regions
7.6. Others Historic and Forecast Sales By Regions

8. GLOBAL BATTERY ELECTRIC BUSES MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE BATTERY ELECTRIC BUSES COMPANIES

9.1. Battery Electric Buses Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF BATTERY ELECTRIC BUSES INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. BYD
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Yutong Group
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Zhongtong Bus Holding Co. Ltd.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. CRRC Corporation Limited
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Alexander Dennis Limited
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. New Flyer Industries Inc.
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Volvo Buses
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Daimler AG
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Van Hool NV
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. EbuscoBV
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. Optare PLC
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. Nova Bus Corporation
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies