Electric School Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Electric School Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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Market Overview:

The global electric school bus market is expected to exhibit a CAGR of 34.5% 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.

 

 
 

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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 report, 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:

 

 
 

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  • Battery Electric School Bus
  • Hybrid School Bus
     

Breakup by Capacity Design Type:

  • Type A
  • Type C
  • Type D
     

Breakup by Sales Channel:

  • Direct Sales
  • Distributor
     

Breakup by Application:

  • Preschool Education
  • Primary School
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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
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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)

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Electric School Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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