North America Electric Bus Market Growth, Size, Trends, Revenue, Scope and Future Competition
North America Electric Bus and Coach Market Size - By Vehicle Type, By Fuel, By Hybrid Powertrain, By Battery, By Power Output, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2023 | Report ID: AMIN2389 | Pages: 1 - 157 | Formats*: |
| Category : Automotive & Transportation | |||
North America Electric Bus and Coach Market Introduction and Overview
According to SPER Market Research, the North America Electric Bus and Coach Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the North America Electric Bus and Coach Market, including market size and trends, product mix, distribution channels, and supplier analysis. Electric buses and coaches offer several advantages over traditional fossil fuel-powered vehicles. They produce zero tailpipe emissions, leading to cleaner air and improved public health. They are also more energy-efficient, converting a larger portion of their energy input into actual propulsion, reducing overall energy consumption. In addition, they operate much quieter, contributing to reduced noise pollution in urban environments.
- Environmental Concerns: Increasing awareness of environmental issues and the need to reduce greenhouse gas emissions has led to a growing demand for sustainable transportation solutions. Electric buses and coaches offer zero-emission mobility, making them a compelling option for eco-conscious individuals, organizations, and communities.
- Technological advancements: Advances in battery technology and electric drivetrain systems have greatly improved the performance and range of electric buses and coaches. The development of more efficient batteries, faster charging infrastructure, and extended driving ranges has addressed some of the initial concerns related to electric vehicles' limitations, making them a more viable option for transit agencies and operators.
Market Opportunities and Challenges
Numerous variables create opportunities in the electric bus and coach industry. Increasing awareness of environmental issues and the need to reduce greenhouse gas emissions has fuelled the demand for sustainable transportation solutions. Electric buses and coaches provide zero-emission mobility, appealing to eco-conscious individuals, organizations, and communities. They also offer lower operational costs, requiring less maintenance and benefiting from lower fuel expenses. Technological advancements in battery technology and electric drivetrains have improved performance and extended driving ranges. To support widespread adoption, the expansion of charging infrastructure is crucial, with governments and private entities investing in reliable and extensive networks for convenient charging options.
The market does, however, nevertheless encounter some difficulties. Battery life, replacement costs, limited range, and charging infrastructure are challenges for electric buses and coaches. Battery degradation affects performance and replacement can be expensive. Expanding charging infrastructure and improving battery technology are needed to address range anxiety. Longer charging times impact operational efficiency, requiring faster charging technologies and infrastructure.
Market Competitive Landscape
The electric bus and coach market in North America is characterized by moderate competition, with multiple players operating in the industry. The key players in the North America Electric Bus and Coach market include Proterra Inc., AB Volvo, Daimler AG, Shenzhen Wuzhoulong Motors Co., Ltd, King Long United Automotive Industry Co., Ltd, NFI Group, BYD Company Ltd, CAF Group (Solaris Bus & Coach), Van Hool NV, Others.
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 Fuel, By Hybrid Powertrain, By Battery, By Power Output, By End User |
| Regions covered | Canada, Mexico, United States, Rest of North America. |
| Companies Covered | Proterra Inc., AB Volvo, Daimler AG, Shenzhen Wuzhoulong Motors Co., Ltd, King Long United Automotive Industry Co., Ltd, NFI Group, BYD Company Ltd, CAF Group (Solaris Bus & Coach), Van Hool NV, Others. |
COVID-19 Impact on North America Electric Bus and Coach Market
The market for electric bus and coach in North America has been significantly impacted by the COVID-19 outbreak. The pandemic prompted cities and transit agencies to reimagine urban mobility and consider electric buses for cleaner and more resilient transportation systems. However, financial constraints limited the number of electric buses that could be procured during the pandemic. Despite these challenges, there was a continued focus on long-term sustainability and climate action, driving interest in electric buses. Overall, the pandemic had a mixed impact on the North America electric bus and coach market, with opportunities for increased sustainability and accelerated adoption of electric vehicles in post-pandemic recovery efforts.
Key Target Audience:
- Airport Authorities
- Corporate and Business Organizations
- Government and public Institutions
- Private Bus Operators
- School Districts and Educational Institutions
- Tour and Travel Companies
- Others
Our in-depth analysis of the North America Electric Bus and Coach Market includes the following segments:
| By Vehicle Type: |
|
| By Fuel: |
|
| By Hybrid Powertrain: |
|
| By Battery: |
|
| By Power Output: |
|
Key Topics Covered in the Report:
- North America Electric Bus and Coach Market Size (FY’2023-FY’2033)
- Overview of North America Electric Bus and Coach Market
- Segmentation of North America Electric Bus and Coach Market By Vehicle Type (Battery Electric Bus, Hybrid Electric Bus, Plug-in Hybrid Electric Bus)
- Segmentation of North America Electric Bus and Coach Market By Fuel (BEV, FCEV, HEV, PHEV)
- Segmentation of North America Electric Bus and Coach Market By Hybrid Powertrain (Parallel Hybrid, Series Hybrid, Series Parallel Hybrid)
- Segmentation of North America Electric Bus and Coach Market By Battery (Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide)
- Segmentation of North America Electric Bus and Coach Market By Power Output (Above 250 kW, Upto 250 kW)
- Segmentation of North America Electric Bus and Coach Market By End User (Private, Public)
- Statistical Snap of North America Electric Bus and Coach Market
- Expansion Analysis of North America Electric Bus and Coach Market
- Problems and Obstacles in North America Electric Bus and Coach Market
- Competitive Landscape in the North America Electric Bus and Coach Market
- Impact of COVID-19 and Demonetization on North America Electric Bus and Coach Market
- Details on Current Investment in North America Electric Bus and Coach Market
- Competitive Analysis of North America Electric Bus and Coach Market
- Prominent Players in the North America Electric Bus and Coach Market
- SWOT Analysis of North America Electric Bus and Coach Market
- North America Electric Bus and Coach 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 source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Electric Bus and Coach Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Electric Bus and Coach Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Electric Bus and Coach Market
7. North America Electric Bus and Coach Market, By Vehicle Type (USD Million)
7.1. North America Electric Bus and Coach Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Battery Electric Bus7.3. Hybrid Electric Bus7.4. Plug-in Hybrid Electric Bus
8. North America Electric Bus and Coach Market, By Fuel (USD Million)
8.1. North America Electric Bus and Coach Market Value Share and Forecast, By Fuel, 2023-20338.2. BEV8.3. FCEV8.4. HEV8.5. PHEV
9. North America Electric Bus and Coach Market, By Hybrid Powertrain (USD Million)
9.1. North America Electric Bus and Coach Market Value Share and Forecast, By Hybrid Powertrain, 2023-20339.2. Parallel Hybrid9.3. Series Hybrid9.4. Series Parallel Hybrid
10. North America Electric Bus and Coach Market, By Battery (USD Million)
10.1. North America Electric Bus and Coach Market Value Share and Forecast, By Battery, 2023-203310.2. Lithium Iron Phosphate10.3. Lithium Nickel Manganese Cobalt Oxide
11. North America Electric Bus and Coach Market, By Power Output (USD Million)
11.1. North America Electric Bus and Coach Market Value Share and Forecast, By Power Output, 2023-203311.2. Below 250 kW11.3. Above 250 kW
12. North America Electric Bus and Coach Market, By End User (USD Million)
12.1. North America Electric Bus and Coach Market Value Share and Forecast, By End User, 2023-203312.2. Private12.3. Public
13. North America Electric Bus and Coach Market Forecast, 2019-2033 (USD Million)
13.1. North America Electric Bus and Coach Market Size and Market Share
14. North America Electric Bus and Coach Market, By Vehicle Type, 2019-2033 (USD Million)
14.1. North America Electric Bus and Coach Market Size and Market Share by Vehicle Type (2019-2026)14.2. North America Electric Bus and Coach Market Size and Market Share by Vehicle Type (2027-2033)
15. North America Electric Bus and Coach Market, By Fuel, 2019-2033 (USD Million)
15.1. North America Electric Bus and Coach Market Size and Market Share by Fuel (2019-2026)15.2. North America Electric Bus and Coach Market Size and Market Share by Fuel (2027-2033)
16. North America Electric Bus and Coach Market, By Hybrid Powertrain, 2019-2033 (USD Million)
16.1. North America Electric Bus and Coach Market Size and Market Share by Hybrid Powertrain (2019-2026)16.2. North America Electric Bus and Coach Market Size and Market Share by Hybrid Powertrain (2027-2033)
17. North America Electric Bus and Coach Market, By Battery, 2019-2033 (USD Million)
17.1. North America Electric Bus and Coach Market Size and Market Share by Battery (2019-2026)17.2. North America Electric Bus and Coach Market Size and Market Share by Battery (2027-2033)
18. North America Electric Bus and Coach Market, By Power Output, 2019-2033 (USD Million)
18.1. North America Electric Bus and Coach Market Size and Market Share by Power Output (2019-2026)18.2. North America Electric Bus and Coach Market Size and Market Share by Power Output (2027-2033)
19. North America Electric Bus and Coach Market, By End User, 2019-2033 (USD Million)
19.1. North America Electric Bus and Coach Market Size and Market Share by End User (2019-2026)19.2. North America Electric Bus and Coach Market Size and Market Share by End User (2027-2033)
20. North America Electric Bus and Coach Market, By Region, 2019-2033 (USD Million)
20.1. North America Electric Bus and Coach Market Size and Market Share by Region (2019-2026)20.2. North America Electric Bus and Coach Market Size and Market Share by Region (2027-2033)20.3. Canada20.4. Mexico20.5. United States20.6. Rest of North America
21. Company Profile
21.1. AB Volvo21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments21.2. BYD Company Ltd21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments21.3. CAF Group (Solaris Bus & Coach)21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments21.4. Daimler AG21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments21.5. King Long United Automotive Industry Co.21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments21.6. NFI Group21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments21.7. Proterra Inc.21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments21.8. Shenzhen Wuzhoulong Motors Co., Ltd21.8.1. Company details21.8.2. Financial outlook21.8.3. Product summary21.8.4. Recent developments21.9. Van Hool NV21.9.1. Company details21.9.2. Financial outlook21.9.3. Product summary21.9.4. Recent developments21.10. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. 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
Increasing awareness of environmental issues and the need to reduce greenhouse gas emissions has led to a growing demand for sustainable transportation solutions.
North America Electric Bus and Coach Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
North America Electric Bus and Coach Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
North America Electric Bus and Coach Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
North America Electric Bus and Coach Market size is USD XX billion from 2023 to 2033.
North America Electric Bus and Coach Market Segment is Covered By Vehicle Type, By Fuel, By Hybrid Powertrain, By Battery, By Power Output, By End User
The North America region is anticipated to have the highest market share in the North America Electric Bus Market.
The key players in the market include Companies Covered Proterra Inc., AB Volvo, Daimler AG, Shenzhen Wuzhoulong Motors Co., Ltd, King Long United Automotive Industry Co., Ltd, NFI Group, BYD Company Ltd, CAF Group (Solaris Bus & Coach), Van Hool NV, Others.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
