Dublin, April 09, 2024 (GLOBE NEWSWIRE) -- The "Global Growth Opportunities in the Electric Transit Bus and Coach Market, 2030" report has been added to ResearchAndMarkets.com's offering.
Emission regulations, battery price drop, the emergence of low emission zones, purchase subsidy, and tax exemptions will drive electric bus growth across the world. The growing adoption of electric transit buses has opened the path for global sourcing and supply of alternate powertrain buses. The industry is fertile ground for strong collaborations among incumbent automakers, suppliers, and new players striving to enter the market. By 2023, battery-electric (BEV) buses will attain a larger market share followed by fuel-cell electric buses. The lower total cost of ownership of electric buses in comparison to diesel buses and the push for developing charging infrastructure will make electric buses a profitable option from 2024 to 2026.
The global electric bus market size will reach more than 160,000 units by 2030 at a compound annual growth rate (CAGR) of 12.6%.
EU Clean Vehicle directive targets for EU countries will boost electric bus adoption, particularly as part of national public transport procurement. BEV buses will experience strong growth from 2022 to 2025. Joint Initiative for Hydrogen Vehicles across Europe (JIVE) projects will encourage fuel cell bus adoption across EU countries. The entry of utility and energy major companies into electric charging infrastructure will boost the growth of fueling infrastructure for electric vehicles.
In China, BEV buses will see moderate growth from 2022 to 2025 due to the elimination of subsidies and purchase incentives. The revised subsidy program in China incorporates stricter thresholds for electric range and energy efficiencies as the minimum requirement for qualification. However, lower battery prices and charging infrastructure will drive higher electric bus adoption toward 2030. In addition, Chinese electric bus OEMs are rapidly expanding globally, with the establishment of manufacturing and assembly plants, in addition to exports.
Zero-emission Bus Rapid-Deployment Accelerator (ZEBRA) will drive electric bus adoption in Latin America with initial kickstarts in Medellin, Sao Paulo, and Mexico City. Major LATAM countries are developing an electromobility strategy promoting zero-emission buses in public transportation, and Chinese OEMs have established regional production bases to tap into LATAM.
The increasing need to reduce emissions, especially in highly populated cities, will require a greater adoption of electric buses in the intra-city passenger transport segment. Growing battery capacities and aggressive development in charging infrastructure technologies will help in that sense, increasing the adoption rate of electric powertrains in the coaches segment, albeit with stiff competition from diesel and natural gas buses.
Key Growth Opportunities
- Moving Toward Cleaner and Zero-emission Transportation through Electrification
- Expanding Revenue Opportunities for Value Chain Participant Growth
- Identify and Map the Opportunity Landscape for FCEV Buses Across Segments and Use Cases
Key Topics Covered:
Growth Environment
- Global Bus Market: Regional Split
- Notable Regulations and Mandates: A Snapshot
- Global Bus Powertrain Outlook
- Market Presence of Leading Bus Manufacturers
Study Scope
- Electric Bus Market Scope of Analysis
- Product and Technology Segmentation
- Key Growth Metrics for the Global Electric Bus Market
- Growth Drivers for Electric Bus Adoption
- Growth Restraints for Electric Bus Adoption
- Key Forecast Criteria
Growth Opportunity Analysis: Electric Bus Overview
- Key Factors Impacting Electrification
- Electric Bus Market Scenario Analysis
- Snapshot of xEV Bus Market by Region in 2030
- Electric Bus Market: Regional Split by Technology, 2030
- Key Electric Bus Use Cases
- Electric Transit Bus Regional Pricing Outlook
- Electric Coaches Regional Pricing Outlook
Growth Opportunity Analysis: Electric Bus Market, North America
- Key Growth Metrics for Electric Bus: North America
- Regional Snapshot
- Incentives: North America
- Electric Bus Market Scenario Analysis: North America
- Transit Bus Market: Powertrain Forecast, North America
- Coaches Market: Powertrain Forecast, North America
- OEM Powertrain Technology Platforms
- Key BEV and FCEV OEM Product Portfolio
- OEM Motor and Battery Chemistry Mapping: North America
- Battery and Fuel Cell Electric Bus Deployment: OEMs and NA Regions
Growth Opportunity Analysis: Electric Bus Market, Europe
- Key Growth Metrics for Electric Bus: Europe
- Regional Snapshot
- Incentives: Europe
- Electric Bus Market Scenario Analysis: Europe
- Transit Bus Market: Powertrain Forecast, Europe
- Coaches Market: Powertrain Forecast, Europe
- OEM Powertrain Technology Platforms
- Key BEV OEM Product Portfolio
- Key FCEV OEM Product Portfolio
- OEM: Motor Type Mapping, Europe
- OEM: Battery Chemistry Mapping, Europe
- Regional Snapshot: Germany
- Regional Snapshot: France
- Regional Snapshot: Spain
- Regional Snapshot: Italy
- Regional Snapshot: United Kingdom
- Battery Electric Bus Deployment: OEMs and EU Countries
- Fuel Cell Electric Bus Deployment: OEMs and EU Countries
Growth Opportunity Analysis: Electric Bus Market, China
- Key Growth Metrics for Electric Bus: China
- Regional Snapshot
- Incentives: China
- Electric Bus Market Scenario Analysis: China
- Transit Bus Market: Powertrain Forecast, China
- Coaches Market: Powertrain Forecast, China
- OEM Powertrain Technology Platforms
- Key BEV OEM Product Portfolio
- Key FCEV OEM Product Portfolio
- Battery Electric Bus Deployment: OEMs and Chinese Cities
- Fuel Cell Electric Bus Deployment: OEMs and Chinese Cities
Growth Opportunity Analysis: Electric Bus Market, India
- Key Growth Metrics for Electric Bus: India
- Regional Snapshot
- Incentives: India - FAME-II
- Electric Bus Market Scenario Analysis: India
- Transit Bus Market: Powertrain Forecast, India
- Coach Market: Powertrain Forecast, India
- OEM Powertrain Technology Platforms
- Key BEV OEM Product Portfolio
- OEM Motor and Battery Chemistry Mapping: India
- Electric Bus Deployment: OEMs and Indian States
Growth Opportunity Analysis: Electric Bus Market, Latin America
- Key Growth Metrics for Overall Bus: LATAM
- Regional Snapshot
- Incentives: LATAM
- Electric Bus Market Scenario Analysis: LATAM
- Transit Bus Market: Powertrain Forecast, Latin America
- Coaches Market: Powertrain Forecast, Latin America
- OEM Powertrain Technology Platforms
- Key OEM Product Portfolio
- OEM Powertrain Motor Type Mapping
- OEM Powertrain Battery Type Mapping
- Electric Bus Deployment: OEMs and LATAM Countries
For more information about this report visit https://www.researchandmarkets.com/r/76gigv
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