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We expect the global electric school bus market to exhibit a CAGR of 34.5% during 2022-2027.
The increasing consumer consciousness towards maintaining ecological sustainability, along with the improving electronic charging infrastructures, is primarily driving the global electric school bus market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous educational institutions, thereby negatively impacting the global market for electric school bus.
Based on the type, the global electric school bus market has been divided into battery electric school bus and hybrid school bus. Currently, battery electric school bus exhibits a clear dominance in the market.
Based on the capacity design type, the global electric school bus market can be categorized into type A, type C, and type D, where type C currently accounts for the majority of the global market share.
Based on the sales channel, the global electric school bus market has been segregated into direct sales and distributor. Currently, direct sales hold the largest market share.
Based on the application, the global electric school bus market can be bifurcated into preschool education, primary school, and others. Among these, primary school exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global electric school bus market include 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.
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