Electric Bus Market in China 2018-2022

Electric Bus Industry Overview

Several improvements in EV battery technology have made e-buses desirable to consumers. For instance, advancement of Li-ion batteries has made them comparatively lightweight with a long lifespan compared to conventional lead-acid and valve-regulated lead-acid batteries. The cost of batteries is also continuously decreasing owing to the implementation of economies of scale from major battery manufacturers. Another reason for the decline in the cost of Li-ion batteries is the shift of manufacturing bases from Japan to China due to a declining domestic market. This shift encourages Chinese manufacturers to develop Li-ion batteries for EVs at a competitive price. Since e-buses are powered and driven by battery-powered systems, the battery cost is one of the most critical factors contributing to the upfront cost of an e-bus. With the declining battery cost, e-buses are expected to achieve price parity with diesel buses by the mid of the next decade, and therefore the demand for e-buses is expected to rise exponentially in China which will drive the electric bus market during the forecast period.

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Companies covered

The electric bus market is concentrated since the market has few number of companies. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this electric bus industry analysis report will aid clients identify new growth opportunities and design new growth strategies.  

The report offers a complete analysis of electric bus manufacturers including:

• ANKAI
• BYD Company
• Higer Bus
• Yinlong Energy
• YUTONG
• Zhongtong Bus Holding

Electric bus market growth based on type

• Fully electric bus
• Hybrid electric bus

According to our market research experts, the fully electric bus segment will account for the highest share of the market. The report provides an accurate prediction of the contribution of the hybrid electric bus segment to the growth of the electric bus market size.

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Key highlights of the electric bus market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the electric bus market during the next five years
• Precise estimation of the electric bus market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the electric bus industry in China
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of electric bus companies

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the electric bus market and its stakeholders over the forecast years. The electric bus market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact electric bus market size till 2022.

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