Electric Transit Bus and Coach Market Growth Opportunities to 2030 - Expanding Revenue Opportunities for Value Chain Participant Growth
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
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