Market Overview:
The global electric school bus market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An electric school bus is a type of electric vehicle (EV) with quiet operations that allows the driver to focus better on the road. It has low maintenance costs as compared to conventional school buses that run on diesel, propane, gasoline or compressed natural gas (CNG). It helps save money on operating costs, create new jobs in green manufacturing, and provide valuable storage for renewable energy via vehicle-to-grid (V2G) technologies. At present, it is widely used by schools for selling excess electricity to utility providers and generating additional revenue.
Electric School Bus Market Trends:
At present, there is a rise in the demand for fuel-efficient and high-performance buses in schools across the globe. This, along with several advantages offered by electric school buses like high voltage and functional safety, cold-weather performance, reliability, and durability, represents one of the key factors driving the market. Moreover, there is an increase in the physical health and cognitive development issues among students due to the high utilization of diesel school buses. This, coupled with technological advancements in the automotive industry, is propelling the growth of the market. In addition, governments of several countries are promoting the use of electric school buses due to the rising air pollution around the world. In line with this, the wide availability of charging infrastructure and electronic components is catalyzing the demand for electric school buses. Furthermore, key market players are focusing on mergers and acquisitions (M&A) to develop localized electric school bus transition plans and provide school districts with technical assistance, which is positively influencing the market. Other growth-inducing factors are rapid urbanization and reducing battery prices worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric school bus market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, capacity design type, sales channel and application.
Breakup by Type:
- Battery Electric School Bus
- Hybrid School Bus
Breakup by Capacity Design Type:
Breakup by Sales Channel:
Breakup by Application:
- Preschool Education
- Primary School
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and The Lion Electric Company.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Type, Capacity Design Type, Sales Channel, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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) and The Lion Electric Company. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global electric school bus market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global electric school bus market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the capacity design type?
- What is the breakup of the market based on the sales channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global electric school bus market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric School Bus Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Battery Electric School Bus
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hybrid School Bus
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Capacity Design Type
7.1 Type A
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Type C
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Type D
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Sales Channel
8.1 Direct Sales
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Distributor
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Preschool Education
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Primary School
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Beiqi Foton Motor Co. Ltd. (Beijing Automotive Group Co. Ltd.)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Blue Bird Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 BYD Company Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Collins Bus Corporation (REV Group Inc.)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Dominion Energy Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Mercedes-Benz Group AG
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Navistar International Corporation (Traton Group)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 The Lion Electric Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
List of Figures
Figure 1: Global: Electric School Bus Market: Major Drivers and Challenges
Figure 2: Global: Electric School Bus Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Electric School Bus Market: Breakup by Type (in %), 2021
Figure 5: Global: Electric School Bus Market: Breakup by Capacity Design Type (in %), 2021
Figure 6: Global: Electric School Bus Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Electric School Bus Market: Breakup by Application (in %), 2021
Figure 8: Global: Electric School Bus Market: Breakup by Region (in %), 2021
Figure 9: Global: Electric School Bus (Battery Electric School Bus) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Electric School Bus (Battery Electric School Bus) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Electric School Bus (Hybrid School Bus) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Electric School Bus (Hybrid School Bus) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Electric School Bus (Type A) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Electric School Bus (Type A) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Electric School Bus (Type C) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Electric School Bus (Type C) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Electric School Bus (Type D) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Electric School Bus (Type D) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Electric School Bus (Direct Sales) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Electric School Bus (Direct Sales) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Electric School Bus (Distributor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Electric School Bus (Distributor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Electric School Bus (Preschool Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Electric School Bus (Preschool Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Electric School Bus (Primary School) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Electric School Bus (Primary School) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Electric School Bus (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Electric School Bus (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Electric School Bus Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Electric School Bus Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Electric School Bus Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Electric School Bus Industry: SWOT Analysis
Figure 79: Global: Electric School Bus Industry: Value Chain Analysis
Figure 80: Global: Electric School Bus Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Electric School Bus Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric School Bus Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Electric School Bus Market Forecast: Breakup by Capacity Design Type (in Million US$), 2022-2027
Table 4: Global: Electric School Bus Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Electric School Bus Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Electric School Bus Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Electric School Bus Market: Competitive Structure
Table 8: Global: Electric School Bus Market: Key Players