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The Electric Bus Market size was valued at USD 34.2 billion in 2023 and is expected to reach USD 147.05 billion by 2031 and grow at a CAGR of 20% over the forecast period 2024-2031.
Electric buses are becoming increasingly popular due to their environmental and economic advantages. They boast zero emissions and quieter operation compared to traditional diesel buses. Furthermore, electric buses are significantly cheaper to run as they eliminate fuel and maintenance costs.
Many manufacturers even offer financing solutions to ease the transition for businesses and public authorities. This rising demand is driven by several factors. Fluctuating oil prices, growing environmental concerns, stricter regulations on polluting vehicles, and the decreasing cost of lithium-ion batteries are all contributing to the surge in electric bus adoption. This trend is attracting new players to the market, eager to capitalize on this lucrative opportunity within the rapidly growing electric vehicle industry.
KEY DRIVERS:
Rising fuel costs are making electric buses a more attractive and economical option.
Electric buses are emerging as a more compelling and cost-effective alternative to traditional diesel-powered vehicles. This shift is driven by the simple fact that electric buses eliminate the dependence on volatile fuel prices. As fuel costs continue to rise, operating electric buses becomes increasingly advantageous, leading to long-term financial benefits for municipalities and transportation authorities.
Growing public concern about environmental pollution is driving demand for zero-emission electric buses.
RESTRAINTS:
High upfront cost of electric buses compared to traditional diesel options.
Limited range and battery life causing concerns for long routes and frequent charging needs.
Electric buses currently travel shorter distances on a single charge compared to their diesel counterparts. This necessitates frequent stops for charging, which can disrupt schedules and impact operational efficiency. Furthermore, concerns exist regarding battery degradation over time, potentially leading to even shorter ranges and the need for expensive battery replacements. Addressing these limitations through advancements in battery technology and the expansion of charging infrastructure is crucial for the wider adoption of electric buses.
OPPORTUNITIES:
Technological advancements in battery range and fast-charging capabilities can further improve operational efficiency.
Collaboration between bus manufacturers, energy companies, and cities can create innovative and sustainable public transportation solutions.
CHALLENGES:
High upfront costs of electric buses compared to traditional diesel models.
Longer charging times compared to quick refuelling of diesel buses.
The war in Russia-Ukraine has disrupted the electric bus market's growth. Disruptions in the auto industry's supply chain are a major concern. Ukraine and Russia are key players in mining and processing critical minerals like nickel and palladium, vital for lithium-ion batteries in electric buses. Sanctions and war-related disruptions have limited access to these materials, causing price hikes of up to 64%. This translates to potentially steeper production costs for electric buses, making them less affordable. International carmakers have stopped operations in Russia due to sanctions, impacting global production lines. This can lead to delays in electric bus deliveries and shortages, hindering market expansion plans. Further complicating things are energy price fluctuations. The war has caused a global surge in oil and gas prices. While this might incentivize a shift towards electric buses in the long term, it creates short-term uncertainty for potential buyers.
Economic slowdowns can disrupt the electric bus market's growth. Limited public budgets are a major concern. Public transport authorities, a crucial force for electric bus adoption, might face budget cuts for fleet upgrades. This can stop electric bus procurement plans, hindering market growth. There is a potential 10-15% drop in global public transport ridership potentially impacting budgets earmarked for electric buses. Economic uncertainty can lower the investor’s confidence for new ventures. Startups and companies focused on electric bus technology or manufacturing might struggle to secure funding, potentially slowing down innovation and market expansion. Private businesses operating bus fleets, like airport shuttles or tour operators, can also be affected by economic slowdowns. These companies might prioritize immediate cost-cutting measures, delaying investments in electric buses despite their long-term financial benefits.
By Vehicle
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Fuel Cell Electric Vehicle
Battery Electric Vehicle (BEV) is the dominating sub-segment in the Electric Bus Market by vehicle holding around 65-70% of market share. BEVs offer the simplest and most mature technology among electric buses. They boast zero tailpipe emissions, quieter operation, and lower operating costs compared to traditional diesel buses.
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By Battery
Lithium Nickel Manganese Cobalt Oxide
Lithium Iron Phosphate
Lithium Nickel Manganese Cobalt Oxide (NMC) is the dominating sub-segment in the Electric Bus Market by battery holding around 60-70% of market share. NMC batteries offer higher energy density compared to other lithium-ion battery chemistries, translating to a longer range on a single charge for electric buses.
By Application
Intercity
Intracity
Intracity is the dominating sub-segment in the Electric Bus Market by application. Intracity buses operate within cities, typically covering shorter distances with frequent stops. This makes them well-suited for electric buses with their zero emissions and silent operation, contributing to cleaner and quieter urban environments.
By End-Use
Public
Private
Public is the dominating sub-segment in the Electric Bus Market by end-use. Public transport authorities are a major driving force behind electric bus adoption due to government regulations and environmental goals. Public authorities receive government subsidies and grants to invest in electric buses, making them a more financially attractive option compared to private companies.
The Asia Pacific is the dominating region in the Electric Bus Market holding around 60% of market share. This dominance can be attributed to strong government support for clean transportation in the region, particularly China, a global EV manufacturing leader. Rapid urbanization further fuels demand for electric buses to combat pollution in growing cities.
Europe is the second highest region in this market, driven by stringent emission regulations that push public transport and private companies towards electric options. Europe's strength lies in its technological advancements in battery technology and charging infrastructure.
North America is the fastest-growing region with CAGR exceeding 15% due to rising environmental concerns, increasing investments in charging infrastructure, and government incentives that make electric buses more financially attractive.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Daimler AG (Germany), Volvo Group (Sweden), Wright Enrichment Inc(U.S.), Shandong Yi Xing Electric Auto Co., Ltd (China), Proterra, Anhui Ankai Automobile Co., Ltd.( China), Zhongtong Bus Holding Co., Ltd.( China), Iveco (Italy), Ebus (Singapore), BYD Auto Co., Ltd ( China), NFI Group Inc., Beiqi Foton Motor Co., Ltd.(China). and other key players.
In March 2024: Yutong, a leading electric bus manufacturer, has delivered 10 Ice12 electric buses to Palermo, Italy. These buses boast advanced electric technology and efficient batteries, offering excellent range for both intercity and rural-urban routes.
In March 2024: Volvo's new 8900 Electric bus offers electric mobility for city, intercity, and commuter routes. Available in two and three-axle options, it seats up to 57 passengers in its longest version, with a total capacity of 110. The 12-meter model can accommodate 88 passengers, with 43 seated.
In May 2023: In a strategic partnership, Volvo Buses joins forces with MCV to produce bodies for their electric bus models, the Volvo 7900 Electric and its articulated version. The agreement also includes the development of an electric intercity bus. Anticipated production commences in 2024 with the first deliveries in 2025.
| Report Attributes | Details |
| Market Size in 2023 | US$ 18.434.2 Billion |
| Market Size by 2031 | US$ 147.05 Billion |
| CAGR | CAGR of 20% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Vehicle (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle) • By Battery (Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate) • By Application (Intercity, Intracity) • By End-use (Public, Private) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Daimler AG (Germany), Volvo Group (Sweden), Wright Enrichment Inc(U.S.), Shandong Yi Xing Electric Auto Co., Ltd (China), Proterra, Anhui Ankai Automobile Co., Ltd.( China), Zhongtong Bus Holding Co., Ltd.( China), Iveco (Italy), Ebus (Singapore), BYD Auto Co., Ltd ( China), NFI Group Inc., Beiqi Foton Motor Co., Ltd.(China). |
| Key Drivers | • Demand for emission-free and energy-efficient mass transit systems is growing. • Environmental issues are growing. |
| RESTRAINTS | • Electric bus producers are being held back by the expensive cost of developing electric buses, coaches, and related components. • Infrastructure development for EVs is also quite expensive. |
Ans:- The market size is expected to reach USD 147.05 billion by 2031.
Ans:- An electric bus, often known as an e-bus, is a bus that runs solely on electricity rather than an internal combustion engine.
Ans:- Yes.
Ans:- Asia pacific region is anticipated to be the primary driver of the market.
Ans:- Daimler AG (Germany), Volvo Group (Sweden), Wright Enrichment Inc(U.S.), Shandong Yi Xing Electric Auto Co., Ltd (China), Proterra, BYD Auto Co., Ltd ( China), NFI Group Inc., and Beiqi Foton Motor Co., Ltd.(China) are the most prominent players in the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Electric Bus Market Segmentation, By Vehicle
9.1 Introduction
9.2 Trend Analysis
9.3 Battery Electric Vehicle
9.4 Plug-in Hybrid Electric Vehicle
9.5 Fuel Cell Electric Vehicle
10. Electric Bus Market Segmentation, By Battery
10.1 Introduction
10.2 Trend Analysis
10.3 Lithium Nickel Manganese Cobalt Oxide
10.4 Lithium Iron Phosphate
11. Electric Bus Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Intercity
11.4 Intracity
12. Electric Bus Market Segmentation, By End-use
12.1 Introduction
12.2 Trend Analysis
12.3 Public
12.4 Private
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Electric Bus Market, By country
13.2.3 North America Electric Bus Market Segmentation, By Vehicle
13.2.4 North America Electric Bus Market Segmentation, By Battery
13.2.5 North America Electric Bus Market Segmentation, By Application
13.2.6 North America Electric Bus Market Segmentation, By End-use
13.2.7 USA
13.2.7.1 USA Electric Bus Market Segmentation, By Vehicle
13.2.7.2 USA Electric Bus Market Segmentation, By Battery
13.2.7.3 USA Electric Bus Market Segmentation, By Application
13.2.7.4 USA Electric Bus Market Segmentation, By End-use
13.2.8 Canada
13.2.8.1 Canada Electric Bus Market Segmentation, By Vehicle
13.2.8.2 Canada Electric Bus Market Segmentation, By Battery
13.2.8.3 Canada Electric Bus Market Segmentation, By Application
13.2.8.4 Canada Electric Bus Market Segmentation, By End-use
13.2.9 Mexico
13.2.9.1 Mexico Electric Bus Market Segmentation, By Vehicle
13.2.9.2 Mexico Electric Bus Market Segmentation, By Battery
13.2.9.3 Mexico Electric Bus Market Segmentation, By Application
13.2.9.4 Mexico Electric Bus Market Segmentation, By End-use
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Electric Bus Market, By country
13.3.2.2 Eastern Europe Electric Bus Market Segmentation, By Vehicle
13.3.2.3 Eastern Europe Electric Bus Market Segmentation, By Battery
13.3.2.4 Eastern Europe Electric Bus Market Segmentation, By Application
13.3.2.5 Eastern Europe Electric Bus Market Segmentation, By End-use
13.3.2.6 Poland
13.3.2.6.1 Poland Electric Bus Market Segmentation, By Vehicle
13.3.2.6.2 Poland Electric Bus Market Segmentation, By Battery
13.3.2.6.3 Poland Electric Bus Market Segmentation, By Application
13.3.2.6.4 Poland Electric Bus Market Segmentation, By End-use
13.3.2.7 Romania
13.3.2.7.1 Romania Electric Bus Market Segmentation, By Vehicle
13.3.2.7.2 Romania Electric Bus Market Segmentation, By Battery
13.3.2.7.3 Romania Electric Bus Market Segmentation, By Application
13.3.2.7.4 Romania Electric Bus Market Segmentation, By End-use
13.3.2.8 Hungary
13.3.2.8.1 Hungary Electric Bus Market Segmentation, By Vehicle
13.3.2.8.2 Hungary Electric Bus Market Segmentation, By Battery
13.3.2.8.3 Hungary Electric Bus Market Segmentation, By Application
13.3.2.8.4 Hungary Electric Bus Market Segmentation, By End-use
13.3.2.9 Turkey
13.3.2.9.1 Turkey Electric Bus Market Segmentation, By Vehicle
13.3.2.9.2 Turkey Electric Bus Market Segmentation, By Battery
13.3.2.9.3 Turkey Electric Bus Market Segmentation, By Application
13.3.2.9.4 Turkey Electric Bus Market Segmentation, By End-use
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Electric Bus Market Segmentation, By Vehicle
13.3.2.10.2 Rest of Eastern Europe Electric Bus Market Segmentation, By Battery
13.3.2.10.3 Rest of Eastern Europe Electric Bus Market Segmentation, By Application
13.3.2.10.4 Rest of Eastern Europe Electric Bus Market Segmentation, By End-use
13.3.3 Western Europe
13.3.3.1 Western Europe Electric Bus Market, By country
13.3.3.2 Western Europe Electric Bus Market Segmentation, By Vehicle
13.3.3.3 Western Europe Electric Bus Market Segmentation, By Battery
13.3.3.4 Western Europe Electric Bus Market Segmentation, By Application
13.3.3.5 Western Europe Electric Bus Market Segmentation, By End-use
13.3.3.6 Germany
13.3.3.6.1 Germany Electric Bus Market Segmentation, By Vehicle
13.3.3.6.2 Germany Electric Bus Market Segmentation, By Battery
13.3.3.6.3 Germany Electric Bus Market Segmentation, By Application
13.3.3.6.4 Germany Electric Bus Market Segmentation, By End-use
13.3.3.7 France
13.3.3.7.1 France Electric Bus Market Segmentation, By Vehicle
13.3.3.7.2 France Electric Bus Market Segmentation, By Battery
13.3.3.7.3 France Electric Bus Market Segmentation, By Application
13.3.3.7.4 France Electric Bus Market Segmentation, By End-use
13.3.3.8 UK
13.3.3.8.1 UK Electric Bus Market Segmentation, By Vehicle
13.3.3.8.2 UK Electric Bus Market Segmentation, By Battery
13.3.3.8.3 UK Electric Bus Market Segmentation, By Application
13.3.3.8.4 UK Electric Bus Market Segmentation, By End-use
13.3.3.9 Italy
13.3.3.9.1 Italy Electric Bus Market Segmentation, By Vehicle
13.3.3.9.2 Italy Electric Bus Market Segmentation, By Battery
13.3.3.9.3 Italy Electric Bus Market Segmentation, By Application
13.3.3.9.4 Italy Electric Bus Market Segmentation, By End-use
13.3.3.10 Spain
13.3.3.10.1 Spain Electric Bus Market Segmentation, By Vehicle
13.3.3.10.2 Spain Electric Bus Market Segmentation, By Battery
13.3.3.10.3 Spain Electric Bus Market Segmentation, By Application
13.3.3.10.4 Spain Electric Bus Market Segmentation, By End-use
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Electric Bus Market Segmentation, By Vehicle
13.3.3.11.2 Netherlands Electric Bus Market Segmentation, By Battery
13.3.3.11.3 Netherlands Electric Bus Market Segmentation, By Application
13.3.3.11.4 Netherlands Electric Bus Market Segmentation, By End-use
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Electric Bus Market Segmentation, By Vehicle
13.3.3.12.2 Switzerland Electric Bus Market Segmentation, By Battery
13.3.3.12.3 Switzerland Electric Bus Market Segmentation, By Application
13.3.3.12.4 Switzerland Electric Bus Market Segmentation, By End-use
13.3.3.13 Austria
13.3.3.13.1 Austria Electric Bus Market Segmentation, By Vehicle
13.3.3.13.2 Austria Electric Bus Market Segmentation, By Battery
13.3.3.13.3 Austria Electric Bus Market Segmentation, By Application
13.3.3.13.4 Austria Electric Bus Market Segmentation, By End-use
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Electric Bus Market Segmentation, By Vehicle
13.3.3.14.2 Rest of Western Europe Electric Bus Market Segmentation, By Battery
13.3.3.14.3 Rest of Western Europe Electric Bus Market Segmentation, By Application
13.3.3.14.4 Rest of Western Europe Electric Bus Market Segmentation, By End-use
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Electric Bus Market, By country
13.4.3 Asia-Pacific Electric Bus Market Segmentation, By Vehicle
13.4.4 Asia-Pacific Electric Bus Market Segmentation, By Battery
13.4.5 Asia-Pacific Electric Bus Market Segmentation, By Application
13.4.6 Asia-Pacific Electric Bus Market Segmentation, By End-use
13.4.7 China
13.4.7.1 China Electric Bus Market Segmentation, By Vehicle
13.4.7.2 China Electric Bus Market Segmentation, By Battery
13.4.7.3 China Electric Bus Market Segmentation, By Application
13.4.7.4 China Electric Bus Market Segmentation, By End-use
13.4.8 India
13.4.8.1 India Electric Bus Market Segmentation, By Vehicle
13.4.8.2 India Electric Bus Market Segmentation, By Battery
13.4.8.3 India Electric Bus Market Segmentation, By Application
13.4.8.4 India Electric Bus Market Segmentation, By End-use
13.4.9 Japan
13.4.9.1 Japan Electric Bus Market Segmentation, By Vehicle
13.4.9.2 Japan Electric Bus Market Segmentation, By Battery
13.4.9.3 Japan Electric Bus Market Segmentation, By Application
13.4.9.4 Japan Electric Bus Market Segmentation, By End-use
13.4.10 South Korea
13.4.10.1 South Korea Electric Bus Market Segmentation, By Vehicle
13.4.10.2 South Korea Electric Bus Market Segmentation, By Battery
13.4.10.3 South Korea Electric Bus Market Segmentation, By Application
13.4.10.4 South Korea Electric Bus Market Segmentation, By End-use
13.4.11 Vietnam
13.4.11.1 Vietnam Electric Bus Market Segmentation, By Vehicle
13.4.11.2 Vietnam Electric Bus Market Segmentation, By Battery
13.4.11.3 Vietnam Electric Bus Market Segmentation, By Application
13.4.11.4 Vietnam Electric Bus Market Segmentation, By End-use
13.4.12 Singapore
13.4.12.1 Singapore Electric Bus Market Segmentation, By Vehicle
13.4.12.2 Singapore Electric Bus Market Segmentation, By Battery
13.4.12.3 Singapore Electric Bus Market Segmentation, By Application
13.4.12.4 Singapore Electric Bus Market Segmentation, By End-use
13.4.13 Australia
13.4.13.1 Australia Electric Bus Market Segmentation, By Vehicle
13.4.13.2 Australia Electric Bus Market Segmentation, By Battery
13.4.13.3 Australia Electric Bus Market Segmentation, By Application
13.4.13.4 Australia Electric Bus Market Segmentation, By End-use
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Electric Bus Market Segmentation, By Vehicle
13.4.14.2 Rest of Asia-Pacific Electric Bus Market Segmentation, By Battery
13.4.14.3 Rest of Asia-Pacific Electric Bus Market Segmentation, By Application
13.4.14.4 Rest of Asia-Pacific Electric Bus Market Segmentation, By End-use
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Electric Bus Market, By country
13.5.2.2 Middle East Electric Bus Market Segmentation, By Vehicle
13.5.2.3 Middle East Electric Bus Market Segmentation, By Battery
13.5.2.4 Middle East Electric Bus Market Segmentation, By Application
13.5.2.5 Middle East Electric Bus Market Segmentation, By End-use
13.5.2.6 UAE
13.5.2.6.1 UAE Electric Bus Market Segmentation, By Vehicle
13.5.2.6.2 UAE Electric Bus Market Segmentation, By Battery
13.5.2.6.3 UAE Electric Bus Market Segmentation, By Application
13.5.2.6.4 UAE Electric Bus Market Segmentation, By End-use
13.5.2.7 Egypt
13.5.2.7.1 Egypt Electric Bus Market Segmentation, By Vehicle
13.5.2.7.2 Egypt Electric Bus Market Segmentation, By Battery
13.5.2.7.3 Egypt Electric Bus Market Segmentation, By Application
13.5.2.7.4 Egypt Electric Bus Market Segmentation, By End-use
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Electric Bus Market Segmentation, By Vehicle
13.5.2.8.2 Saudi Arabia Electric Bus Market Segmentation, By Battery
13.5.2.8.3 Saudi Arabia Electric Bus Market Segmentation, By Application
13.5.2.8.4 Saudi Arabia Electric Bus Market Segmentation, By End-use
13.5.2.9 Qatar
13.5.2.9.1 Qatar Electric Bus Market Segmentation, By Vehicle
13.5.2.9.2 Qatar Electric Bus Market Segmentation, By Battery
13.5.2.9.3 Qatar Electric Bus Market Segmentation, By Application
13.5.2.9.4 Qatar Electric Bus Market Segmentation, By End-use
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Electric Bus Market Segmentation, By Vehicle
13.5.2.10.2 Rest of Middle East Electric Bus Market Segmentation, By Battery
13.5.2.10.3 Rest of Middle East Electric Bus Market Segmentation, By Application
13.5.2.10.4 Rest of Middle East Electric Bus Market Segmentation, By End-use
13.5.3 Africa
13.5.3.1 Africa Electric Bus Market, By country
13.5.3.2 Africa Electric Bus Market Segmentation, By Vehicle
13.5.3.3 Africa Electric Bus Market Segmentation, By Battery
13.5.3.4 Africa Electric Bus Market Segmentation, By Application
13.5.3.5 Africa Electric Bus Market Segmentation, By End-use
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Electric Bus Market Segmentation, By Vehicle
13.5.3.6.2 Nigeria Electric Bus Market Segmentation, By Battery
13.5.3.6.3 Nigeria Electric Bus Market Segmentation, By Application
13.5.3.6.4 Nigeria Electric Bus Market Segmentation, By End-use
13.5.3.7 South Africa
13.5.3.7.1 South Africa Electric Bus Market Segmentation, By Vehicle
13.5.3.7.2 South Africa Electric Bus Market Segmentation, By Battery
13.5.3.7.3 South Africa Electric Bus Market Segmentation, By Application
13.5.3.7.4 South Africa Electric Bus Market Segmentation, By End-use
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Electric Bus Market Segmentation, By Vehicle
13.5.3.8.2 Rest of Africa Electric Bus Market Segmentation, By Battery
13.5.3.8.3 Rest of Africa Electric Bus Market Segmentation, By Application
13.5.3.8.4 Rest of Africa Electric Bus Market Segmentation, By End-use
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Electric Bus Market, By country
13.6.3 Latin America Electric Bus Market Segmentation, By Vehicle
13.6.4 Latin America Electric Bus Market Segmentation, By Battery
13.6.5 Latin America Electric Bus Market Segmentation, By Application
13.6.6 Latin America Electric Bus Market Segmentation, By End-use
13.6.7 Brazil
13.6.7.1 Brazil Electric Bus Market Segmentation, By Vehicle
13.6.7.2 Brazil Electric Bus Market Segmentation, By Battery
13.6.7.3 Brazil Electric Bus Market Segmentation, By Application
13.6.7.4 Brazil Electric Bus Market Segmentation, By End-use
13.6.8 Argentina
13.6.8.1 Argentina Electric Bus Market Segmentation, By Vehicle
13.6.8.2 Argentina Electric Bus Market Segmentation, By Battery
13.6.8.3 Argentina Electric Bus Market Segmentation, By Application
13.6.8.4 Argentina Electric Bus Market Segmentation, By End-use
13.6.9 Colombia
13.6.9.1 Colombia Electric Bus Market Segmentation, By Vehicle
13.6.9.2 Colombia Electric Bus Market Segmentation, By Battery
13.6.9.3 Colombia Electric Bus Market Segmentation, By Application
13.6.9.4 Colombia Electric Bus Market Segmentation, By End-use
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Electric Bus Market Segmentation, By Vehicle
13.6.10.2 Rest of Latin America Electric Bus Market Segmentation, By Battery
13.6.10.3 Rest of Latin America Electric Bus Market Segmentation, By Application
13.6.10.4 Rest of Latin America Electric Bus Market Segmentation, By End-use
14. Company Profiles
14.1 Daimler AG (Germany)
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Volvo Group (Sweden)
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Wright Enrichment Inc(U.S.)
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Shandong Yi Xing Electric Auto Co., Ltd (China)
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Proterra
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Anhui Ankai Automobile Co., Ltd.( China)
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Zhongtong Bus Holding Co., Ltd.( China)
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Iveco (Italy)
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Ebus (Singapore)
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 BYD Auto Co., Ltd ( China)
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 NFI Group Inc.
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Beiqi Foton Motor Co., Ltd.(China)
14.12.1 Company Overview
14.12.2 Financial
14.12.3 Products/ Services Offered
14.12.4 SWOT Analysis
14.12.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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