Electric Buses and Coaches Battery market is expected to exceed the market valuation of more than US$ XX million by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). The growth of global bus and coach manufacturing is increasing continuously especially driven by economic growth in the BRIC nations. In countries such as China and India, where car-ownership is low, the demand for public transport is rising tremendously. Manufacturing efficiencies rely on joint ventures, partnerships and modular products as compared to low volumes and number of model variants that are needed to satisfy differing operational needs. The local and national governments are playing a key role in purchasing decisions and influencing the market through legislation, for example, on emission controls and safety standards. The market includes school buses, city service buses, minibuses, luxury coaches and articulated buses. China is the leading country in the school buses sector and is predicted to grow between 840,000 and 1.4 million school buses nationwide, which is a massive sales potential for bus and coach manufacturers, in a sector in which demand in mature markets is typically in the tens of thousands.
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The biggest driver in the electric buses and coaches manufacturing market in the past two years has been the rising demand for alternative energy source. Bus and coaches manufacturers are global leaders who develop hybrid vehicle technology from gas powered buses to biogas, fuel cell and hydrogen technology. Globally, the local and national governments are committed to cleaner air strategies in their cities and are committing money to research and offering attractive incentives to encourage adoption of alternative power, from CNG for city buses to hybrid diesel electric power on inter-state routes. Even though many of these are still in the project/trial phase, CNG-powered buses with their characteristic roof mounted gas tanks are now produced in such numbers as to be considered mainstream manufacture – for example, Volvo Buses began commercial production of hybrid buses in 2010 in its Polish and Swedish plants.
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During the covid-19 pandemic, up to one third of people in cities stopped using public transports. According to a survey in 104 cities across 28 countries, lockdowns and the rise of remote working and stay at home orders have all reduced the volume of people commuting. For example, in Thessaloniki, Greece, 34.4% of the people stopped using public transport during the pandemic. Furthermore, 45% said their use of public transport has reduced. Across United States, around half of the commuters have reduced their usage of public transit service. However, in some countries like Spain 49% of the people said their use of public transport has not changed. The public transport and the buses and coaches battery industry however is recovering fast since the opening of industries and workplaces during the lockdown.
Based on Vehicle, the Electric Buses and Coaches Battery Market is segmented into BEV, HEV, and PHEV. Hybrid electric buses combine a primary power source, an energy storage system and an electric motor to achieve a combination of emissions, fuel economy, and range benefits. The full hybrid technology can deliver part time electric buses without operational constraints. Therefore, its plays an important role in the journey towards fully electric public transport. As a technically mature technology, it can also be boosted by connectivity and geofencing to further improve the environmental and societal credentials of full hybrid buses.
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Based on Length, the Electric Buses and Coaches Battery is segmented into More than 10 m and Less than 10 m. There are various types of buses, and every one of them sports different designs and features, mostly depending on the producer of the bus. One prominent type is the single-decker bus. It is still the most commonly produced and used buses. Another type is the minibus, which is actually smaller in size and shape when compared to the single-decker.
Based on Battery, the Electric Buses and Coaches Battery market is segmented into LFP, NMC, and Others. LFP batteries deliver at least 2500 – 3000 full charge/discharge cycles before reaching 80% of original capacity. Typical NMC batteries deliver 500 – 1000 full charge/discharge cycles before reaching 80% of original capacity. This means that LFP batteries provide FOUR times more cycle life than typical LCO batteries.
Based on End-User, the Electric Buses and Coaches Battery Market is segmented into Public and Private. Public transportation systems are most common especially in the developing countries like the BRICS nations where not everyone can afford a vehicle and thus rely on public buses or coaches for transportation. Brazil has the busiest bus rapid system in the world.
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Additionally, the report provides detailed initiatives that are being taken in the field of Electric Buses and Coaches Battery globally. The report provides a detailed analysis of regions including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. Asia-Pacific dominated the market in 2020, with XX% share.
Zhengzhou Yutong Bus Co. Ltd., BYD Company Limited, Zhongtong Bus & Holding Company Limited, Solaris Bus & Coach S.A., Proterra Inc., Dongfeng Motor Corporation, Anhui Ankai Automobile Co. Ltd., Yinlong Energy Co. Ltd., Nanjing Golden Dragon Bus Co. Ltd., and Beiqi Foton Motor Co. Ltd. are some of the prominent players operating in the Electric Buses and Coaches Battery market. Several M&As along with partnerships have been undertaken by these players to make Buses and Coaches Battery as cost-effective and as widely available as possible.
Electric Buses and Coaches Battery Market Segmentation
Market Insight, by Vehicle
· BEB
· HEB
· PHEB
Market Insight, by Length
· More than 10 m
· Less than 10 m
Market Insight, by Battery
· LFP
· NMC
· Others
Market Insight, by End-User
· Public
· Private
Market Insight, by Region
· NORTH AMERICA ELECTRIC BUSES AND COACHES BATTERY
o United States
o Canada
o Rest of North America
· EUROPE ELECTRIC BUSES AND COACHES BATTERY
o Germany
o United Kingdom
o France
o Spain
o Italy
o Rest of Europe
· ASIA-PACIFIC ELECTRIC BUSES AND COACHES BATTERY
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
· REST OF THE WORLD ELECTRIC BUSES AND COACHES BATTERY
Top Company Profiles
· Zhengzhou Yutong Bus Co. Ltd.
· BYD Company Limited
· Zhongtong Bus & Holding Company Limited
· Solaris Bus & Coach S.A.
· Proterra Inc.
· Dongfeng Motor Corporation
· Anhui Ankai Automobile Co. Ltd.
· Yinlong Energy Co. Ltd.
· Nanjing Golden Dragon Bus Co. Ltd.
· Beiqi Foton Motor Co. Ltd.