Electric & Hybrid Bus Market Outlook
Global Electric & Hybrid Bus Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2 024
Report Code :CHM 1958
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Global Electric & Hybrid Bus Market
Global Electric & Hybrid Bus Market Outlook (Factors Covered in Electric & Hybrid Bus Market Report)
Global Electric Vehicles Industry Outlook Target Markets (Major Countries & Opportunistic Countries) Production & Sales of Electric & Hybrid Bus (USD) Macroeconomic Trends Technological Advancements Mergers and Acquisitions Government Regulations & Initiatives Environmental Considerations State of Charging Infrastructure Consumer Awareness
Executive Summary Research Methodology Regional Opportunity Analysis on the basis of Competitors Global Electric & Hybrid Bus Market, 2016-2024 Market Size (USD Million) Forecast Analysis (2016-2024) Market Share & CAGR (%) Regional Share Distribution (%)
Market Dynamics
Growth Drivers Market Restraints Risk Analysis (Demand Risk & Supply Risk Analysis) Economic Variations Recent Trends & Developments Opportunities for Market Players
Electric&HybridBusMarket Segmentation
By Technology Analysis, 2016-2024
Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology
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Global Electric & Hybrid Bus Market By Vehicle Type Analysis, 2016-2024
Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
By End-user Analysis, 2016-2024
Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
Global Electric & Hybrid Bus Market : Regional Segmentation North America Electric & Hybrid Bus Market Outlook, 2016-2024
Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2016-2024 North America Electric & Hybrid Bus Market Analysis, By Country • U.S. Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Canada Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Country North America Electric & Hybrid Bus Market Analysis, By Technology Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology North America Electric & Hybrid Bus Market Analysis, By Vehicle Type Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
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Global Electric & Hybrid Bus Market
North America Electric & Hybrid Bus Market Analysis, By End-User Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
Latin America Electric & Hybrid Bus Market Outlook, 2016-2024
Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2016-2024
Latin America Electric & Hybrid Bus Market Analysis, By Country • Mexico Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Brazil Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Rest of Latin America Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Country
Latin America Electric & Hybrid Bus Market Analysis, By Technology Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology
Latin America Electric & Hybrid Bus Market Analysis, By Vehicle Type Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
Latin America Electric & Hybrid Bus Market Analysis, By End-User Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
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Global Electric & Hybrid Bus Market Europe Electric & Hybrid Bus Market Outlook, 2016-2024
Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2016-2024
Europe Electric & Hybrid Bus Market Analysis, By Country • UK Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Germany Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • France Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Italy Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Spain Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • BENELUX Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • Russia Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Sweden Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Country
Europe Electric & Hybrid Bus Market Analysis, By Technology Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology
Europe Electric & Hybrid Bus Market Analysis, By Vehicle Type Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
Europe Electric & Hybrid Bus Market Analysis, By End-User Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
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Global Electric & Hybrid Bus Market Asia Pacific Electric & Hybrid Bus Market Outlook, 2016-2024
Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2016-2024
Asia Pacific Electric & Hybrid Bus Market Analysis, By Country • China Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Japan Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • India Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • Singapore Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • Malaysia Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • Thailand Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • Australia Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • New Zealand Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • Rest of APAC Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Country
Asia Pacific Electric & Hybrid Bus Market Analysis, By Technology Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology
Asia Pacific Electric & Hybrid Bus Market Analysis, By Vehicle Type Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
Asia Pacific Electric & Hybrid Bus Market Analysis, By End-User Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
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Global Electric & Hybrid Bus Market Middle East & Africa Electric & Hybrid Bus Market Outlook, 2016-2024
Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2016-2024
Middle East & Africa Electric & Hybrid Bus Market Analysis, By Country • GCC Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) • North Africa Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • South Africa Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20162024) • BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Country
Asia Pacific Electric & Hybrid Bus Market Analysis, By Technology Fuel Cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Plug-in Hybrids (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Hybrid (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Technology
Asia Pacific Electric & Hybrid Bus Market Analysis, By Vehicle Type Urban Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Intercity Buses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Touring Coaches (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Mini-Busses (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By Vehicle Type
Asia Pacific Electric & Hybrid Bus Market Analysis, By End-User Government (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) Fleet Owners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) BPS Analysis & Market Attractiveness of Electric & Hybrid Bus Market By End User
Competitive Outlook
Market Share of Major Players (2017) Company Profiles AB Volvo Company Synopsis Business Strategy Product Portfolio Zhengzhou Yutong Group Co. Ltd.
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Global Electric & Hybrid Bus Market
Shenzhen Wuzhoulong Motors Co. Ltd. Daimler AG BYD Company Limited King Long United Automotive Industry Co. Ltd. Alexander Dennis Limited New Flyer Industries Inc. EBUSCO Solaris Bus & Coach S.A. Proterra Inc.
Porter’s Five Force Model Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Global Electric & Hybrid Bus Market Outlook Global Electric & Hybrid Bus Market Size USD (Billion). 2016-2024
Global Electric & Hybrid Bus Share(%), By Technology Type-2016
Market
XX
XX
XX
XX
XX
XX
XX
XX% XX
XX
XX
XX ) CAGR: (2016-2024 XX
XX
XX
XX
XX 2016e 2017e 2018f
2019f
Source: Goldstein Research
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2021f
2022f
2023f
2024f
e l p Fuel Cells
Urban Buses segment accounted for the highest market share XX% in Global Electric & Hybrid Bus Market
Global Electric & Hybrid Bus Market Share(%), By Vehicle Type -2016
XX%
XX%
With
Electric
XX% market share in 2016, Asia
Pacific
region dominated the Global Electric & Hybrid Bus Market
Global Electric & Hybrid Bus Market Share (%), By End User -2016
XX%
XX% XX% XX%
Intercity buses
Touring coaches
Source: Goldstein Research
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Hybrid
Source: Goldstein Research
In 2016,
Urban buses
Plug-in Hybrids
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Minibusses
Government
Fleet Owners
Source: Goldstein Research
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Global Electric & Hybrid Bus Market Outlook The global electric & hybrid bus market is registering an impressive growth of XX% in 2016 and all the four regions Americas, Asia-Pacific, Europe, Middle East and Africa demonstrating positive growth prospects. Asia Pacific & Europe stood as the largest electric & hybrid bus market in 2016. Valued at approximately USD XX billion, the global electric & hybrid bus market has shown a mixed financial performance over the past recent years.
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Environmental Concerns
The global fleet of electric buses is already helping cities avoiding the purchase of 279,000 barrels of oil per day. For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market.
China accounts for XX% of the electric buses in the world. In addition, every five weeks, Chinese cities add 9,500 of the zero-emissions transporters—the equivalent of London’s entire working fleet. As per analysis, statistics verifies that in 2016, China had an extraordinary XX million electric two-wheelers, XX million to XX million low-speed electric vehicles, and more than XX electric buses.
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In the US, XX percent of US buses were diesel or diesel-hybrids. Just XX percent were gasoline or gasoline-hybrids, and XX percent ran on compressed natural gas. A mere XX percent of the US bus fleet were electric battery buses, and just XX buses were hydrogen fuel cell-powered.
Government Initiatives
Advancements in Battery Technology
The electric bus market also has a few firms that have been at this for years. Shenzhen-based BYD had sold some XX buses to cities in China since 2011, and California-based Proterra announced that it sold XX all-electric buses to the city of Washington, DC. As per Proterra Chief Commercial Officer Matt Horton "Electric buses enable USD XX in annual energy and maintenance savings," meaning they're less expensive than diesel-competitors from an overall perspective.
Consumer Awareness
Global Electric & Hybrid Bus Market Size (USD Billion) North America
Europe
Asia-Pacific
2016
USD XX Billion
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
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Research Methodology
Research Methodology
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Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources. Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the on-going and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings.
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We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analyzed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis
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Growth Drivers Global End User Interest for Buying Electric Bus, By Country In each of the countries survey , a significant portion of end user said that they would either be a first mover in the adoption of an electric bus or at least might be willing to consider purchasing an electric vehicle. China and India led the world with those considering themselves potential first movers at XX percent and XX percent respectively. This was a dramatic contrast to the potential first movers in Japan (XX percent), France (XX percent), Belgium (XX percent), and Germany (XX percent). All of those countries have policies to foster EV sales, and 2016 showed that if certain incentives are taken away, sales falter. Such a scenario played out in the Netherlands where tax incentives were gradually phased out for Plug In Hybrid Electric Vehicles (PHEV), which dropped PHEV sales by XX percent. Battery electric vehicles (BEVs), however, weren’t affected by the tax, and sales grew by XX percent.
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China leapfrogged the US in 2016 to become the country with the most electric passenger vehicles. Although EVs only made up XX percent of the country's national fleet, more than XX percent of the EVs sold in the world in 2016 were sold in China (twice as many as were sold in the US).
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Global Consumer Interest (%) for Buying Electric Vehicles, By Country 60% 50%
XX%
XX%
XX%
XX% XX%
XX%
XX% XX%
XX%
XX%
40%
XX%
XX%
XX%
XX%
XX%
XX%
30% 20%
XX% XX%
10%
XX%
XX%
XX%
0% Argentina
Austraia
Belgium
Potential Adopters
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China
XX% XX%
France
Germany
Not Likley to Consider
Impact Analysis:-
Impact on Global Electric & Hybrid Bus Market Medium
Canada
Might be Willing
Source: Goldstein Research
High
Brazil
XX%
Low
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Rapid expansion of urbanization leads to growth in establishment of infrastructure to supplement the adoption of electric busses. This factor is further expected to positively impact the growth of electric & hybrid bus market.
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Market Restraints High Cost of Electric Vehicle and Lack of Charging Infrastructure Consumer survey literature consistently finds that price is a major barrier to electric vehicle sales. Price includes the price premium between an EV and a comparable internal combustion engine. Currently, battery electric bus systems are at least XX % more expensive over the entire life cycle compared to diesel buses. Acquisition costs, energy consumption and operating life as most influential cost factors in electric bus systems. Battery costs are expected to fall to about half current levels, but one consultant speculated that a variety of factors such as increased cost of raw materials, increases in technology and need to greater range and thus larger batteries would tend to offset the falling price. In one survey, XX% of surveyed potential end users would not consider purchasing an electric bus until charging locations are widely available and as easy to locate as gas stations today. Under current conditions, difficult business case for utilities to invest in EV recharging infrastructure without strong government incentives and “clear technology roadmap from OEMs.” Thus, if electric vehicles are to reach a broad market, rather than just serving as second vehicle for city dwellers with large garages, it will be essential to create a public electric charging infrastructure.
Longest Acceptable Time to Fully Recharge EV Battery 100% XX%
90%
XX%
80%
XX%
XX%
XX%
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70%
XX%
60%
XX%
XX%
XX%
50%
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XX%
XX%
XX%
XX%
XX%
XX%
40%
XX%
30%
XX%
XX%
XX%
20% 10%
XX%
0%
CHINA
XX%
U.S
1 Hours
2 Hours
4 Hours
8 Hours
XX%
XX%
30 Minutes
XX%
EUROPE
JAPAN
Source: Goldstein Research
Impact Analysis: The pricing trend of electric & hybrid bus coupled with lack of recharging infrastructure has led to off-putting the sales which is a major restraining factor for the growth of Electric & Hybrid Bus market.
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Impact on Global Electric & Hybrid Bus Market High
Medium
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Low
Region and Market Players-2016 Global Electric & Hybrid Bus Market Share (%) , By Companies, 2016
EBUSCO; XX Solaris Bus & Zhengzhou % Coach S.A.; Yutong XX%Co. Group New Flyer Proterra Inc.; AB Volvo; XX Ltd.; XX% Industries % Inc; XX% XX%Shenzhen Wuzhoulong Alexander Motors Co. Dennis Ltd; XX% Limited; XX% King Long Daimler AG; BYD United XX% Company Automotive Industry Co. Limited; XX% Ltd; XX% Source: Goldstein Research
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Global Electric & Hybrid Bus Market Share(%), By Region, 2016
North America XX %
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Europe XX%
Asia Pacific XX%
Middle East& Africa XX% Latin America XX % Source: Goldstein Research
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Global Electric & Hybrid Bus Market SWOT Analysis STRENGTHS
S
Electric buses have lifecycle-cost advantages over internal-combustion engines because they covert energy into motion more effectively and have far fewer moving parts, making them cheaper to power and maintain over time. Electric buses are still more expensive than diesel, but local transit authorities receive most of their capital funding from the federal government, so researchers reassessed the equation if XX% of a bus purchase were covered by outside funds. In this scenario, electric buses are the lowest-cost option for cities that receive federal funding. Batteries will only comprise XX% of the total electric bus price by 2030, down from XX% in 2016, making electric buses cheaper than diesel on an unsubsidized basis. If battery costs fall faster than projected, electric buses could reach unsubsidized cost parity with diesel around 2025. WEAKNESS
W
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As of today, the electric bus is significantly more expensive than a diesel bus, but the cost is expected to go down. FCEBs are currently around seven-times more expensive than both DBs and electric buses, and the cost of constructing a hydrogen refueling station is approximately USD XX million. Adjustments must be made to the energy system according to the area in which the bus operates. Building a working plan (schedule) for an electric bus should consider a variety of parameters about the energy system. The conventional charging system limits the driving distance. Charging systems that enable long driving distance are still very expensive. Real-time energy system monitoring is required to prevent malfunctions and delays. powertrain components increase vehicle weight, potentially limiting what roads these buses can operate on
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OPPORTUNITIES
O
Rising oil prices across the globe and stringent environmental regulation has paved the smooth way for the growth of low speed vehicles around the world. Partnerships and alliance between public authorities willing to mobilize the deployment of clean vehicle fleets can help to minimize the costs of public procurement and also provide the growth opportunity for the EV market players. Urban public transport is about to become more sustainable. Innovative electric bus technologies with different charging infrastructure solutions are likely to transform the bus fleets of European & Asia countries in the coming years, improving air quality and noise levels. The idea of Smart Cities is currently being implemented across various cities of the world. Smart City concept includes six basic elements, among which smart mobility is on top priority. City are directly related to urban smart transport with public transport (transit), which uses vehicles environmentally friendly including buses with electric drive.
THREATS
T Copyright
Stiff competition from other major players in the market. Chinese bus producers may compete from two ends of the market: on the lower end they have low priced tech products, on the upper end they offer competitively priced hybrid and electric buses due to massive government support. There is anticipated stagnant demand for buses in the mature markets that will reduces the revenue of the market players. Even though there is a wide range of government & environmental laws & regulations, companies still have to consider numerous national laws as well as cultural differences within a country.
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Global Electric & Hybrid Bus Market Outlook : 2016-2024
Global ElEctric & Hybrid bus MarkEt sEGMEntation analysis, 2016-2024 Connect With Us:
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Global Electric & Hybrid Bus Market Segmentation Analysis, 2016-2024 Global Electric & Hybrid Bus Market Share (%), By Technology Type, 2016-2024
Fuel Cells 20.00% XX%
XX%
30.00%
Plug-in Hybrids
2016 XX%
XX%
30.00%
20.00%
Electric
Source: Goldstein Research
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Hybrid
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Global Electric & Hybrid Bus Market Y-O-Y Growth, By Technology Type, 2016-2024
XX%
XX%
2016e
2017e
XX%
XX%
XX%
XX%
XX%
XX%
2018f
2019f
2020f
2021f
2022f
2023f
XX%
2024f
Source: Goldstein Research
Global Electric & Hybrid Bus Market Share (%), By Technology Type -2016
XX XX XX XX
XX
XX
XX
2016 Fuel Cells
2024 Plug-in Hybrids
Hybrid
Electric
Source: Goldstein Research
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XX
Global Electric & Hybrid Bus Market Attractiveness and BPS Analysis, By Technology Type, 2016-2024 Global Electric & Hybrid Bus Market Attractiveness, By Technology Type, 2016-2024 XX%
CAGR (%)
XX%
XX%
XX%
XX%
XX% XX
XX
XX
XX
XX
XX
XX
XX
Market Size (USD Billion) Hybrid
Fuel Cells
Plug-in Hybrids
Source: Goldstein Research
Electric
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Global Electric & Hybrid Bus segment holds the largest revenue share in the global Electric & Hybrid Bus market as this segment constitutes which is impacted by the rising cognizance among the household users and thus it is likely to expand at XX% CAGR during the forecast period.
Sample
Electric & Hybrid Bus market is relying on the adoption of EHR (Electronic health record) software by various wearables facility providers in order to stand ahead in future. Behavioral health EHR creates a world of difference to the staff and patients and goes the extra mile giving advanced capabilities such as it include support for documenting violence risk factors, suicide risk factors, or sadness scales.
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Global Electric & Hybrid Bus Market BPS Analysis, By Technology Type, 2016-2024 XX% XX%
XX%
XX% XX%
Electric
XX%
Hybrid
XX%
XX% XX%
30%
XX% XX% XX%
Plug-in Hybrids
XX%
Fuel Cells
XX%
29%
20%
21%
2016
2024
XX%
Source: Goldstein Research
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Regional Analysis of North America Electric & Hybrid Bus Market
nortH aMErica ElEctric & Hybrid bus MarkEt analysis, 2016-2024 Connect With Us:
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North America Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), By Region- 20162024 North America Electric & Hybrid Bus Market Size (USD Billion)-2016-2024 XX% XX
XX
XX XX
XX
XX%
XX
XX
CAGR: (2016-2024) XX
XX
XX%
XX XX
XX%
XX
e l p XX%
XX
XX%
XX XX
XX%
XX
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX 2016e
2017e
Source: Goldstein Research
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2018f
2019f
North America Electric & Hybrid Bus Market Size (USD Billions), By Country-2016-2024
2020f
2021f
2022f
XX% XX% XX%
2023f
2024f
North America Electric & Hybrid Bus Market Share (%), By Country-2016-2024
XX
XX%
XX
XX%
XX
XX% XX%
XX%
XX
XX% XX%
XX%
XX% XX% 2016 US
2024 Canada
Source: Goldstein Research
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XX% XX%
XX XX
XX%
XX%
United States
Canada
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North America Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), By Region- 20162024 North America Electric & Hybrid Bus Market, By Production (in Units), 2016-2024 XX
XX
North America Electric & Hybrid Bus Market, By Sales (in Units), 2016-2024 XX
XX XX
XX XX
XX
XX
XX XX
XX XX
XX
XX
XX
XX
XX
XX XX
XX
XX
XX
XX
XX
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XX XX
m a S XX
XX
XX
XX
XX
XX
XX
XX 2016e
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Source: Goldstein Research
2020f
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• Electric buses are becoming a bargain due to lower operational and fuel costs – consider Chicago, which says each electric bus saves USD XX in annual fuel costs. The electrification trend is spreading fast. New York City, home to America’s largest bus network, says its XX buses will be all-electric by 2040. Los Angeles, the second-largest bus fleet, will convert all XX buses to electric by 2030. All Rights Reserved, Goldstein Research
2016e 2017e 2018f
2024f
• North America electric & hybrid bus market is valued at USD XX billion and is expected to grow at a CAGR of XX% over the forecast period. • Electric buses, all-electric versions of the dieseldominated mass transit fleet, are nearing costcompetitiveness with traditional technologies, representing billions in potential savings for cashstrapped local governments.
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e l p XX
2019f
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Source: Goldstein Research
North America Electric & Hybrid Bus Market, By Demand (in Units), 2016-2024 XX
XX
XX XX XX
XX
XX
XX
XX
XX
XX
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XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
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North America Electric & Hybrid Bus Market Outlook, 2016-2024
nortH aMErica ElEctric & Hybrid bus MarkEt analysis, by country-20162024 Connect With Us:
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US Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024 US Electric & Hybrid Bus Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 XX% XX
XX XX
XX%
XX
XX%
XX
e l p XX
CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX XX XX
XX%
XX XX XX 2016e
m a S XX%
2017e
XX%
2018f
XX%
2019f
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Source: Goldstein Research
Key Insights
The U.S. electric & hybrid bus market is expected to expand at a CAGR of XX% over the forecast period i.e. 2016-2020 on the back of increasing demand for EV’s from various enduse sectors.
State and federal incentives have been major components of electric vehicle promotion activities in the United States. At the federal level, plug-in electric vehicles are eligible to receive up to $XX in income tax credits for the purchase or lease of electric vehicles. Our analysis finds that the availability of public charge points and workplace charging is linked with electric vehicle market uptake. The leading electric vehicle markets have at least 275 public charge points per million people; by contrast, half of the U.S. population lives in a market where public charging availability is less than one-third of that rate.
2022f
2023f
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XX% XX% XX% XX% XX% XX% XX%
2024f
US Electric & Hybrid Bus Sales (in Units), 20162024 XX
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XX
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Source: Goldstein Research
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XX%
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North America Electric & Hybrid Bus Market Attractiveness, By Country, 2016-2024 North America Electric & Hybrid Bus Market Attractiveness, By Country, 2016-2024 XX% XX%
CAGR (%)
XX% XX% XX% XX% XX% XX% XX
e l p Sample m a S XX
XX
XX
XX
XX
Market Size (USD Billion)
US
Canada
Source: Goldstein Research
North America Electric & Hybrid Bus Market BPS Analysis, By Country, 2016-2024 XX% XX% XX%
40%
XX%
42% Canada
XX% XX% XX% XX%
60%
US
58%
XX% XX% XX% 2016
2024
Source: Goldstein Research
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XX
Global Electric & Hybrid Bus Market Outlook Outlook : 2016-2024
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Global Electric & Hybrid Bus Market Outlook
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Global Bus Market Outlook Daimler AG (Company Overview & Business Strategy)
Founded 1926
Employees 289,321
Website www.daimler.com
Headquarters Germany
Company Overview
Major Products
Daimler AG is a German multinational automotive corporation. Daimler AG is headquartered in Stuttgart, Baden-Württemberg, Germany. As of 2014, Daimler owned or had shares in a number of car, bus, truck and motorcycle brands including Mercedes-Benz, MercedesAMG, Smart Automobile, Detroit Diesel, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso, MV Agusta as well as shares in Denza, KAMAZ and Beijing Automotive Group.
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Daimler is the thirteenth-largest car manufacturer and is the largest truck manufacturer in the world. Daimler provides financial services through its Daimler Financial Services arm. The company is a component of the Euro Stoxx 50 stock market index.
The Daimler AG has a worldwide networks of production plants and research centers. The following list is a description of all locations worldwide that include a Daimler plant, including plants for Daimler subsidiaries EvoBus, Daimler Trucks North America, Detroit Diesel, Freightliner Trucks and Mitsubishi Fuso Truck and Bus Corporation.
Passenger Cars Trucks
Vans
Camper Vans
Buses Services
Business Strategy
Investment & Research and Development: Daimler goal is to continue our global growth in all the vehicle segments in which they are represented and in the services segment. Daimler want to thrill its customers with outstanding products and strong brands. The Asia region, and especially China, are playing a central role in Daimler’s car business in particular. Connected, Autonomous, Shared & Services, Electric — through the connection of all the future-oriented CASE areas, Daimler is transforming itself from an automaker into a provider of mobility services. Daimler is also shaping “intuitive mobility” with comfortable, user-friendly products and services that simplify our customers’ lives and mobility.
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Revenue (USD Billion)
Daimler AG (Revenue & Financial Analysis) XX XX
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Fig: 9-2 Material Handling Equipment Sales (Thousand Units), 2014-2016 Fig: 9-3 Hertz Corporation Corporation Revenue (USD Billion), 2014-2016 XX
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XX XX 2014
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Global Electric & Hybrid Bus Market Outlook Daimler AG (Business Segments & Recent News)
Fig :- 9-4 Daimler AG Revenue (%)-By Business Segments, 2016
XX%
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Autom otive XX%
XX%
Fig :- 9-5 Daimler AG Revenue (%), By Region, 2016
XX%
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XX%
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XX%
Europe Asia XX%
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Key Findings
Hertz Corporation Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital
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Hertz Corporation Corporation announces that it has concluded an agreement with major North American materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The acquisition of Bastian signify Hertz Corporation' full-scale entry into the North American materials handling solutions industry amid the e-commerce boom. Strategy Business To expand company’s presence in emerging countries, Hertz Corporation acquired the lift truck business of Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase its sales in emerging c9oountries where market expansion is expected over the medium to long term.
Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. Daimler AG Motors adopted Hertz Corporation Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. Hertz Corporation motors is one of the largest automobile and mental health software across the globe and expected to lead other companies in near future.
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Expert Analysis In 2016, Electric & Hybrid Bus Market was dominated by Asia Pacific Electric & Hybrid Buss segment accounted for nearly XX% of the total Asia-Pacific & Africa point of care market and remaining XX% went for different end-use segments such as homecare settings. The main reason for this despaired share is due to the rising demand for point of care testing devices in Electric & Hybrid Bus Market on the back of their advantages such as faster and precise results However, as the medical device technology is on rise (especially in developing countries), the Africa therapeutic market is projected to reach USD XXXX million in 2023 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, Africa pharmaceutical market touched USD XXXX million in 2016 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2023
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As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by Electric & Hybrid Bus Market . Moreover, the rising wearables expenditure in Africa on the back of new wearables reforms and rising investment in wearables sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region With USD XXXX million in 2016, blood glucose monitoring devices has the highest demand followed by located hemoglobin (HbA1c) testing devices and blood collection devices. The advancement in diagnostic devices are encouraging the hospitals and Electric & Hybrid Bus Market to adopt the advanced devices to obtain accurate Business Strategy diagnosis data. The precise data would further help the physicians to provide better treatment to the patients
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Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa point of care testing (POCT) devices market Further, increasing spending by government authorities on research and development of innovative and advance connected devices along with rising disease burden are some of the major reasons behind the spiked growth of Middle East & Africa Electric & Hybrid Bus Market market.
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