Electric Bus Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, UK, Germany - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 166 SKU: IRTNTR70842

Electric Bus Market Forecast 2024-2028 

The Global Electric Bus Market size is forecast to increase by USD 21.00 billion, at a CAGR of 16.3% between 2023 and 2028. The electric bus market is experiencing rapid growth globally due the reduction in battery prices of electric buses, technological improvements to reduce downtime with fuel-efficient buses, and government initiatives promoting sustainable transportation and reaching the zero emissions target driving the electric buses market. 

Overview of the Electric Bus Market

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Market Dynamic

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Trends and Drivers

Technological improvements to reduce downtime are notably driving market growth. The buses carry more load when compared with electric passenger cars, which necessitates the use of large battery capacity. The market is driven by advancements in battery technology and government initiatives promoting sustainable transportation. The higher the load capacity and charging infrastructure requires for optimal vehicle downtime. Various charging system manufacturers are working to meet the high demand for fast bus charging station used in e-buses. For instance, in 2021, fast charging stations for buses were installed in Milan, Italy, which would power the ATM electric bus fleet.  

Moreover, as commercial vehicles such as electric buses have a limited driving range with a larger capacity, they take more time to get recharged without any fast-charging technology. In this case, battery swapping options help in reducing the downtime for e-buses. These technologies and methods for reducing bus downtime for charging will drive the market during the forecast period.

The rising trend of retrofitted e-buses is an emerging trend shaping the market development. Some of the major challenges that deter transit companies from adopting buses are their high cost and the limited possibility of replacing them with conventional buses, as there is a need for skilled drivers to adapt to the new changes in buses. The option for converting conventional buses to retrofitted buses will bring the cost down.

In addition, Ebus, a California-based company, has a pre-engineered conversion kit that can convert fossil fuel buses and compressed natural gas (CNG) buses known for zero emission and eco-friendly. This reduces the initial cost of procuring electric buses. The commonality of parts simplifies technician training and spare parts management. This trend of electrification of buses will positively impact the market during the forecast period.

Major Market Challenges and Opportunities  

The declining number of public transport users is a significant restraint hindering market growth. As a result, transit agencies are becoming reluctant to replace their existing conventional buses with expensive e-buses.  The increasing production of passenger cars, public transport and Volvo buses in line with the increasing demand is posing a major challenge to the penetration of e-buses in many regions. The demand for public transportation services is reducing with the growing demand for passenger cars. 

However, due to the increasing affordability of private cars and the comfort of personal vehicles, many people are shifting toward the personal mode of transport. Additionally, the increasing popularity of personalized taxis, car rental, and car leasing services are also posing a challenge to the E-bus market. Such factors are expected to hamper the growth of the market during the forecast period.

Future Outlook and Growth Projections

The buses are powered by electricity instead of traditional fossil fuels. The buses contribute to reducing greenhouse gas emissions and improving air quality in cities. Many countries are actively transitioning their public transportation systems to electric buses. 

Market Customer Landscape

The market research report includes the adoption lifecycle of the market research and market growth analysis, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, key manufacturers and suppliers, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo - The company offers Volvo's first electric bus that is equipped with a full load-carrying chassis with high energy density batteries, an efficiency energy-saving motor, an integrated intelligent electronic control system, an auxiliary system controller, a power steering pump, and energy saving electric air conditioning system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • BKM.BY
  • Bollore SE
  • BYD Co. Ltd.
  • CNH Industrial NV
  • Complete Coach Works
  • Eletra
  • GreenPower Motor Co. Inc.
  • Hyundai Motor Co.
  • Jiangsu Alfa Bus Co. Ltd.
  • Mercedes Benz Group AG
  • NFI Group Inc.
  • Proterra Inc.
  • Tata Motors Ltd.
  • Tecnobus Industries srl

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The intercity segment is estimated to witness significant growth during the forecast period. The Government of India is encouraging the use of electric vehicles to replace internal combustion engine vehicles by 2030./'.ljuhytrewThe plan focuses on building infrastructure for electric vehicles, including electric buses, throughout the tier-1 and tier-2 cities. Various charging system manufacturers are planning to start business operations within India due to the market growth and trends opportunities presented by the rising E-bus in the country.

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The intercity segment was the largest and was valued at USD 7.64 billion in 2018. Moreover, In 2023, China was the major market APAC. The government of China is actively encouraging the replacement of diesel buses to curb vehicular emissions caused by diesel engine buses proclaiming as zero-emission. The majority of electric buses depend on battery-swapping methods for recharging in a short time. Technology regarding the charging in China is slow and involves a large amount of time. Such investments and initiation will drive the intercity segment in the market during the market forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 87% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand in China is expected to grow steadily owing to the rising need for public transportation such as bus rapid transit (BRT) in metro cities. High awareness about the benefits of electric vehicles among consumers is leading to the rapid transformation of buses from traditional diesel. This is a crucial driver for the E-bus in China. Every city that has a transit system operates buses, and bus services are easy to introduce and modify. With the rising focus on reducing traffic congestion and vehicle emissions, authorities in China are pushing the adoption of public transportation over private transportation, which constitutes higher adoption among all modes. There has been a growing adoption of electric school buses in China to reduce carbon footprints.

Additionally, countries such as India have adopted public transport due to growing concern about reducing air pollution caused by vehicular emissions. For instance, in June 2021, the Maharashtra State Road Transport Corporation (MSRTC) board cleared the proposal for 100 new electric buses in Maharashtra, India. Also, JBM Group, a leading manufacturer, handed over 50 electric buses to Ahmedabad BRTS in May 2021. Thus, the growing adoption of electric buses in the country will boost the growth of the regional market during the forecast period.

Market Analysis

The environmental concerns, original equipment manufacturers (OEMs) are focusing on Fuel Cell Electric Vehicles (FCEVs) and Battery Electric Vehicles (BEVs) to revolutionize mass transitbuses. Electric buses contribute to reducing greenhouse gas emissions and improving air quality in cities. The electric bus market is driven by advancements in battery technology and government initiatives promoting sustainable transportation.These vehicles offer superior performance while maintaining a commitment to an eco-friendly, clean and sustainable future. With advancements in technology, concerns related to vehicle maintenance are mitigated, making electric innovation appealing for both operators and passengers. As the automotive industry embraces electrification, the synergy between clean energy and efficient performance positions FCEVs and BEVs as key players in the evolution of transportation, paving the way for a greener and more sustainable mass transit landscape.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Intercity
    • Intra city
  • Types of Electric Buses
    • Pure electric bus
    • Plug-in hybrid bus
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Electric Bus Market Scope

Report Coverage

Details

Page number

166

Base year

2023

Historic period

2018-2022

Market forecasting period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.3%

Market Growth 2024-2028

USD 21.00 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

15.55

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 87%

Key countries

US, China, India, UK, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, BKM.BY, Bollore SE, BYD Co. Ltd., CNH Industrial NV, Complete Coach Works, Eletra, GreenPower Motor Co. Inc., Hyundai Motor Co., Jiangsu Alfa Bus Co. Ltd., Mercedes Benz Group AG, NFI Group Inc., Proterra Inc., Tata Motors Ltd., and Tecnobus Industries srl

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global electric bus market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global electric bus market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Intercity - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Intercity - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Intercity - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Intercity - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Intercity - Year-over-year growth 2023-2028 (%)
    • 6.4 Intra city - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Intra city - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Intra city - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Intra city - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Intra city - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Pure electric bus - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Pure electric bus - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Pure electric bus - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Pure electric bus - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Pure electric bus - Year-over-year growth 2023-2028 (%)
    • 7.4 Plug-in hybrid bus - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Plug-in hybrid bus - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Plug-in hybrid bus - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Plug-in hybrid bus - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Plug-in hybrid bus - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 India - Market size and forecast 2023-2028
      • Exhibit 87: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.10 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 111: AB Volvo - Overview
              • Exhibit 112: AB Volvo - Business segments
              • Exhibit 113: AB Volvo - Key news
              • Exhibit 114: AB Volvo - Key offerings
              • Exhibit 115: AB Volvo - Segment focus
            • 12.4 BKM.BY
              • Exhibit 116: BKM.BY - Overview
              • Exhibit 117: BKM.BY - Product / Service
              • Exhibit 118: BKM.BY - Key offerings
            • 12.5 Bollore SE
              • Exhibit 119: Bollore SE - Overview
              • Exhibit 120: Bollore SE - Business segments
              • Exhibit 121: Bollore SE - Key offerings
              • Exhibit 122: Bollore SE - Segment focus
            • 12.6 BYD Co. Ltd.
              • Exhibit 123: BYD Co. Ltd. - Overview
              • Exhibit 124: BYD Co. Ltd. - Business segments
              • Exhibit 125: BYD Co. Ltd. - Key news
              • Exhibit 126: BYD Co. Ltd. - Key offerings
              • Exhibit 127: BYD Co. Ltd. - Segment focus
            • 12.7 CNH Industrial NV
              • Exhibit 128: CNH Industrial NV - Overview
              • Exhibit 129: CNH Industrial NV - Business segments
              • Exhibit 130: CNH Industrial NV - Key news
              • Exhibit 131: CNH Industrial NV - Key offerings
              • Exhibit 132: CNH Industrial NV - Segment focus
            • 12.8 Complete Coach Works
              • Exhibit 133: Complete Coach Works - Overview
              • Exhibit 134: Complete Coach Works - Product / Service
              • Exhibit 135: Complete Coach Works - Key offerings
            • 12.9 Eletra
              • Exhibit 136: Eletra - Overview
              • Exhibit 137: Eletra - Product / Service
              • Exhibit 138: Eletra - Key offerings
            • 12.10 GreenPower Motor Co. Inc.
              • Exhibit 139: GreenPower Motor Co. Inc. - Overview
              • Exhibit 140: GreenPower Motor Co. Inc. - Product / Service
              • Exhibit 141: GreenPower Motor Co. Inc. - Key offerings
            • 12.11 Hyundai Motor Co.
              • Exhibit 142: Hyundai Motor Co. - Overview
              • Exhibit 143: Hyundai Motor Co. - Business segments
              • Exhibit 144: Hyundai Motor Co. - Key news
              • Exhibit 145: Hyundai Motor Co. - Key offerings
              • Exhibit 146: Hyundai Motor Co. - Segment focus
            • 12.12 Jiangsu Alfa Bus Co. Ltd.
              • Exhibit 147: Jiangsu Alfa Bus Co. Ltd. - Overview
              • Exhibit 148: Jiangsu Alfa Bus Co. Ltd. - Product / Service
              • Exhibit 149: Jiangsu Alfa Bus Co. Ltd. - Key offerings
            • 12.13 Mercedes Benz Group AG
              • Exhibit 150: Mercedes Benz Group AG - Overview
              • Exhibit 151: Mercedes Benz Group AG - Business segments
              • Exhibit 152: Mercedes Benz Group AG - Key offerings
              • Exhibit 153: Mercedes Benz Group AG - Segment focus
            • 12.14 NFI Group Inc.
              • Exhibit 154: NFI Group Inc. - Overview
              • Exhibit 155: NFI Group Inc. - Business segments
              • Exhibit 156: NFI Group Inc. - Key offerings
              • Exhibit 157: NFI Group Inc. - Segment focus
            • 12.15 Proterra Inc.
              • Exhibit 158: Proterra Inc. - Overview
              • Exhibit 159: Proterra Inc. - Product / Service
              • Exhibit 160: Proterra Inc. - Key news
              • Exhibit 161: Proterra Inc. - Key offerings
            • 12.16 Tata Motors Ltd.
              • Exhibit 162: Tata Motors Ltd. - Overview
              • Exhibit 163: Tata Motors Ltd. - Business segments
              • Exhibit 164: Tata Motors Ltd. - Key news
              • Exhibit 165: Tata Motors Ltd. - Key offerings
              • Exhibit 166: Tata Motors Ltd. - Segment focus
            • 12.17 Tecnobus Industries srl
              • Exhibit 167: Tecnobus Industries srl - Overview
              • Exhibit 168: Tecnobus Industries srl - Product / Service
              • Exhibit 169: Tecnobus Industries srl - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              electric bus market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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