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

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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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)

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


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Key Questions Answered in This Report

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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