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Electric School Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A5446
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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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 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) |
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