Electric School Bus Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2022-27

Author: Elena Anderson

Marketing Manager

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Global Electric School Bus Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Electric School Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

," the global electric school bus market is expected to exhibit a CAGR of 34.5% during 2022-2027.

Electric school buses use electric motors instead of regular internal combustion engines (ICEs) to ensure quiet operation, which allows the driver to focus on the road. In addition to being powered by onboard electric motors and a battery system, these buses can also operate using an external energy source, such as a power grid. When compared to conventional school buses that run on diesel, propane, gasoline or compressed natural gas (CNG), these buses have very minimal maintenance costs. Currently, they are widely used by schools to foster sustainable development, reduce emissions, and generate additional income by selling excess electricity to utility companies. Some of the numerous benefits associated with electric school buses include high voltage, functional safety, cold-weather performance, and reliability.

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Global Electric School Bus Market Trends:

The global market is primarily driven by multiple favorable initiatives undertaken by government bodies of several countries to create sustainable and fuel-efficient urban public transport systems. This can be attributed to the increasing concerns regarding the depletion of fossil fuels. Additionally, the escalating demand for alternative energy due to the rapidly fluctuating fuel prices is also resulting in the uptake of fuel-efficient and high-performance school buses. In line with this, continual technological advancements in the automotive industry, along with the easy availability of electronic components and continually improving charging infrastructure, is providing an impetus to the market.

Some of the other factors contributing to the market include the lowering costs of lithium-ion (Li-ion) batteries, inflating disposable income levels, rapid urbanization, and extensive research and development (R&D) activities and mergers and acquisitions (M&As) conducted by key players.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/electric-school-bus-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Battery Electric School Bus

• Hybrid School Bus

Breakup by Capacity Design Type:

• Type A

• Type C

• Type D

Breakup by Sales Channel:

• Direct Sales

• Distributor

Breakup by Application:

• Preschool Education

• Primary School

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Beiqi Foton Motor Co. Ltd. (Beijing Automotive Group Co. Ltd.)

• Blue Bird Corporation

• BYD Company Ltd

• Collins Bus Corporation (REV Group Inc.)

• Dominion Energy Inc

• Mercedes-Benz Group AG

• Navistar International Corporation (Traton Group)

• The Lion Electric Company

1. What is the expected growth rate of the global electric school bus market during 2022-2027?

2. What are the key factors driving the global electric school bus market?

3. What has been the impact of COVID-19 on the global electric school bus market?

4. What is the breakup of the global electric school bus market based on the type?

5. What is the breakup of the global electric school bus market based on the capacity design type?

6. What is the breakup of the global electric school bus market based on the sales channel?

7. What is the breakup of the global electric school bus market based on the application?

8. What are the key regions in the global electric school bus market?

9. Who are the key players/companies in the global electric school bus market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/electric-school-bus-market/toc

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