MENA Electric Bus Market Growth, Trends, Size, Revenue, Challenges and Future Competition
MENA Electric Bus Market Size- By Vehicle Type, By Hybrid Powertrain, By Battery, By End user- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2023 | Report ID: AMIN2386 | Pages: 1 - 157 | Formats*: |
| Category : Automotive & Transportation | |||
MENA Electric Bus Market Overview
According to SPER Market Research, the MENA Electric Bus Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
Electric buses are modes of public transportation that run on electricity rather than fossil fuels. Electric motors are used, which are driven by rechargeable batteries or overhead charging systems. These buses are popular because of their environmental advantages, such as zero emissions and increased air quality. They are more energy-efficient and quieter than ordinary buses, resulting in lower running costs and less reliance on fossil fuels. Modern electric buses may go 100 to 300 km on a single charge, and fast-charging facilities have been installed to quickly recharge batteries.
Exploring the Growth Drivers of the MENA Electric Bus Industry
The Middle East and North Africa (MENA) electric bus market continues to grow because of government initiatives, growing environmental concerns, and economic benefits. Governments in the region are taking steps to promote sustainable mobility, such as granting incentives and subsidies to encourage the use of electric buses. The increased public awareness of air pollution and climate change is increasing demand for clean transport, with electric buses viewed as viable options. Furthermore, despite higher initial prices, electric buses offer long-term cost advantages through lower fuel bills and simplified drivetrains. These characteristics contribute to a favourable market climate for electric buses in the MENA area, solving environmental concerns while giving economic benefits during the vehicle's lifetime.
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What challenges does the MENA Electric Bus Market face?
The MENA electric bus market has problems such as inadequate charging infrastructure, expensive upfront costs, lack of qualified technician, and battery technology constraints. To accommodate the rising fleet of electric buses, a dependable charging network must be established. High initial costs stymie wider adoption, necessitating financial incentives and access to capital. A issue is the scarcity of technicians educated in electric bus repair, necessitating training programmes to establish a professional workforce. To address concerns about long-distance travel and routes with limited charging infrastructure, battery technology and range limits require further developments. Overcoming these obstacles will be critical in promoting the growth and adoption of electric buses in the MENA area.
In what ways has the COVID-19 pandemic affected MENA Electric Bus Market?
The MENA (Middle East and North Africa) electric bus market has been significantly impacted by the COVID-19 outbreak. During this time, the market faced a number of problems and disruptions. For first of all, numerous infrastructure projects and purchases have been postponed due to financial constraints and resource reallocation to urgent healthcare requirements. Second, worldwide supply chain disruptions resulted in factory closures and production and delivery delays, reducing the availability of electric buses and components. Third, lower public transit passengers reduced demand for public transport services, slowing the uptake and utilisation of electric buses. Furthermore, funding restrictions and shifting priorities moved attention and resources away from efforts promoting sustainable mobility.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Hybrid Powertrain, By Battery, By End User. |
| Regions covered | Bahrain, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Rest of Middle East and North America. |
| Companies Covered | AB Volvo, BYD Company Ltd, CAF Group (Bus & Coach), Daimler AG, King Long United Automotive Industry Co Ltd. |
Key Target Audience
- Government Authorities
- Transit Agencies and Operators
- City Planners and Urban Development Authorities
- Electric Bus Manufacturers and Suppliers
- MENA Electric Bus Market Segmentation:
MENA Electric Bus Market Segmentation:
1. By Vehicle Type:
- MENA Electric Bus Market Value Share and Forecast, By Vehicle Type, 2023-2033
- Battery-Electric Bus
- Hybrid Electric Bus
- Electric Bus
- Plug- in Hybrid Electric Bus
2. By Hybrid Powertrain:
- MENA Electric Bus Market Value Share and Forecast, By Hybrid Powertrain, 2023-2033
- Series-Parallel Hybrid
- Parallel Hybrid
- Series Hybrid
3. By Battery:
- MENA Electric Bus Market Value Share and Forecast, By Battery, 2023-2033
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt Oxide
4. By End User:
- MENA Electric Bus Market Value Share and Forecast, By End User, 2023-2033
- Public
- Private
5. By Region:
- Bahrain
- Iraq
- Jordan
- Kuwait
- Lebanon
- Morocco
- Oman
- Rest of Middle East and North America
Key Topics Covered in the Report
- MENA Electric Bus Market Size (FY’2023-FY’2033)
- Overview of MENA Electric Bus Market
- Segmentation of MENA Electric Bus Market By Vehicle Type (Battery-Electric Bus, Hybrid Electric Bus, Electric Bus, Plug-in Hybrid Bus)
- Segmentation of MENA Electric Bus Market By Hybrid Powertrain (Series-Parallel Hybrid, Series Hybrid)
- Segmentation of MENA Electric Bus Market By Battery (Lithium Iron Phosphate, Parallel Hybrid, Series Hybrid)
- Segmentation of MENA Electric Bus Market By End User (Public, Private)
- Statistical Snap of MENA Electric Bus Market
- Growth Analysis of MENA Electric Bus Market
- Problems and Challenges in MENA Electric Bus Market
- Competitive Landscape in the MENA Electric Bus Market
- Impact of COVID-19 and Demonetization on MENA Electric Bus Market
- Details on Recent Investment in MENA Electric Bus Market
- Competitive Analysis of MENA Electric Bus Market
- Key Players in the MENA Electric Bus Market
- SWOT Analysis of MENA Electric Bus Market
- MENA Electric Bus Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the MENA Electric Bus Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. MENA Electric Bus Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in MENA Electric Bus Market
7. MENA Electric Bus Market, By Vehicle Type (USD Million)
7.1. MENA Electric Bus Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Battery-Electric Bus7.3. Hybrid Electric Bus7.4. Electric Bus7.5. Plug- in Hybrid Electric Bus
8. MENA Electric Bus Market, By Hybrid Powertrain (USD Million)
8.1. MENA Electric Bus Market Value Share and Forecast, By Hybrid Powertrain, 2023-20338.2. Series-Parallel Hybrid8.3. Parallel Hybrid8.4. Series Hybrid
9. MENA Electric Bus Market, By Battery (USD Million)
9.1. MENA Electric Bus Market Value Share and Forecast, By Battery, 2023-20339.2. Lithium Iron Phosphate9.3. Lithium Nickel Manganese Cobalt Oxide
10. MENA Electric Bus Market, By End User (USD Million)
10.1. MENA Electric Bus Market Value Share and Forecast, By End User, 2023-203310.2. Public10.3. Private
11. MENA Electric Bus Market Forecast, 2019-2033 (USD Million)
11.1. MENA Electric Bus Market Size and Market Share
12. MENA Electric Bus Market, By Vehicle, 2019-2033 (USD Million)
12.1. MENA Electric Bus Market Size and Market Share by Vehicle (2019-2026)12.2. MENA Electric Bus Market Size and Market Share by Vehicle (2027-2033)
13. MENA Electric Bus Market, By Hybrid Powertrain, 2019-2033 (USD Million)
13.1. MENA Electric Bus Market Size and Market Share by Hybrid Powertrain (2019-2026)13.2. MENA Electric Bus Market Size and Market Share by Hybrid Powertrain (2027-2033)
14. MENA Electric Bus Market, By Battery, 2019-2033 (USD Million)
14.1. MENA Electric Bus Market Size and Market Share by Battery (2019-2026)14.2. MENA Electric Bus Market Size and Market Share by Battery (2027-2033)
15. MENA Electric Bus Market, By End User 2019-2033 (USD Million)
15.1. MENA Electric Bus Market Size and Market Share by End User (2019-2026)15.2. MENA Electric Bus Market Size and Market Share by End User (2027-2033)
16. MENA Electric Bus Market, By Region, 2019-2033 (USD Million)
16.1. MENA Electric Bus Market Size and Market Share by Region (2019-2026)16.2. MENA Electric Bus Market Size and Market Share by Region (2027-2033)16.3. Bahrain16.4. Iraq16.5. Jordan16.6. Kuwait16.7. Lebanon16.8. Morocco16.9. Oman16.10. Rest of Middle East and North America
17. Company Profile
17.1. AB Volvo
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. BYD Company Ltd
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. CAF Group (Bus & Coach)
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Daimler AG
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. King Long United Automotive Industry Co Ltd.
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
MENA Electric Bus Market size is USD XX billion from 2023 to 2033.
The key players in the market include Companies Covered AB Volvo, BYD Company Ltd, CAF Group (Bus & Coach), Daimler AG, King Long United Automotive Industry Co Ltd.
The increased public awareness of air pollution and climate change is increasing demand for clean transport, with electric buses viewed as viable options. Furthermore, despite higher initial prices, electric buses offer long-term cost advantages through lower fuel bills and simplified drivetrains.
MENA Electric Bus Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
MENA Electric Bus Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
MENA Electric Bus Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
MENA Electric Bus Market Segment is covered By Vehicle Type, By Hybrid Powertrain, By Battery, By End User.
The Middle East region is anticipated to have the highest market share in the MENA Electric Bus Market.
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