Electric Bus Market Size, Scope, Trends, Share, Prominent Players and Forecast 2031

U.S (New York) – We are thrilled to announce the latest release of our comprehensive market research report titled Electric Bus Market ” by Report Ocean, a prominent industry insights provider. This report provides a wealth of valuable insights and analysis on the current trends, growth prospects, competitive landscape, and strategic recommendations within the [specific industry/market]. It serves as an indispensable resource for gaining in-depth knowledge of the industry and making well-informed decisions.

Electric buses are driven by an electric motor that is powered with the help of on-board batteries. As these buses run completely on battery itself, they require re-charging once drained, unlike refueling in case of ICE buses. E-buses are extremely efficient over ICE buses in terms of power delivery, torque, maintenance as well as are pollution free. Therefore, electric buses are considered as the future of the public transport systems.

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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Electric Bus Market .

By region, Asia-Pacific dominates the market at present, followed by Europe, North America, and LAMEA. In the Asia-Pacific region, China dominated the global E-bus market in 2019, whereas South Korea is expected to grow at a significant rate in Asia-Pacific during the forecast period.

The global e-bus market is segmented based on propulsion type, length, range, battery capacity, power output, and region. By propulsion type, the market is segmented into BEV, FCEV, and PHEV. Further, based on length, the market is segmented into less than 9 meters, 9-14 meters, and above 14 M. Based on range, the market is bifurcated into less than 200, and more than 200. Moreover, the market is segmented based on battery capacity into up to 400 kWh, and above 400 kWh. By power output, the market is split into up to 250kW and above 250 kW. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.

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Key players operating in the global e-bus market are AB Volvo, Ankai Bus, BYD Company Ltd., Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, NFI Group Inc., Proterra, VDL GROEP BV, Yutong Group, and Zhongtong Bus Holdings Co., Ltd.

KEY BENEFITS FOR STAKEHOLDERS
– This study presents the analytical depiction of the e-bus market along with the current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
– The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
– The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS
By Propulsion Type
– BEV
– FCEV
– PHEV

By Length
o Less than 9 meters
o 9-14 meters
o Above 14 meters

By Range
o Less than 200 miles
o More than 200 miles

By Battery Capacity
o Up to 400 kWh
o Above 400 kWh

By Power output
o Up to 250kW
o Above 250 kW

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By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Netherlands
? Norway
? France
? Rest of Europe
o Asia-Pacific
? China
? South Korea
? India
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa

Features of the Market Report:

  • Comprehensive industry data presented in a user-friendly and easily comprehensible format.
  • Detailed market segmentation, providing key insights into each sub-segment of the industry.
  • Thorough analysis of profiles of major market players, including their strategies and approaches.
  • Precise examination of regional and country-specific sales opportunities in the market.
  • In-depth analysis of current and emerging market trends, offering valuable intelligence.
  • Identification of industry drivers and restraints that can impact different segments and regions.
  • Clear understanding of expansion strategies, new product launches, and potential acquisitions by companies.
  • A well-structured report combining insightful literature with graphical representations of relevant market variables

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