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Asia Pacific Electric Bus Market Size, Share & Industry Trends Analysis Report By Battery Type, By Vehicle, By Application (Intercity, and Intracity), By End-use (Public, and Private), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 122 Pages
  • June 2023
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5852078
The Asia Pacific Electric Bus Market should witness market growth of 21.1% CAGR during the forecast period (2023-2030).

As economies develop, transportation activity rises, which also causes the sector's emissions to rise. Electric vehicles have undergone tremendous technological advancements over the past 20 years, which have decreased their costs, lessened their environmental impact, and boosted their utility. As a result, the demand for electric vehicles like electric buses has increased as shared mobility and public transportation are also essential components of effective transportation.

The demand for electric buses on the market is further fueled by several initiatives taken by automakers to invest in the manufacturing of electric buses powered by hydrogen fuel cells. Further, it is predicted that during the projection period, multiple opportunities will be presented to the stakeholders due to increased technological improvements in terms of expanding mobility range and the construction of fast-charging infrastructure.

In the region, several nations have decided to implement sustainable mobility in their national public transportation systems. For instance, the Maharashtra State Road Transport Corporation and other cities in India have introduced electric buses. Using upfront subsidies and the development of EV charging infrastructure, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India II) Scheme aims to increase demand for electric vehicles (EVs). According to the Government of India, a total of 7,090 electric buses would receive subsidies as part of FAME II. Under FAME II, Rs 1000 crore has also been set aside to install EV charging stations. 835 electric buses have been deployed in calendar year 2021 so far. As a result of the convergence of the aforementioned variables, electric bus purchases in the Asia Pacific are predicted to expand at a robust pace.

The China market dominated the Asia Pacific Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,899.2 Million by 2030. The Japan market is experiencing a CAGR of 20.1% during (2023-2030). Additionally, The India market would showcase a CAGR of 21.9% during (2023-2030).

Based on Battery Type, the market is segmented into Lithium Iron Phosphate, and Lithium Nickel Manganese Cobalt Oxide. Based on Vehicle, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. Based on Application, the market is segmented into Intercity, and Intracity. Based on End-use, the market is segmented into Public, and Private. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BYD Company Ltd., Volvo Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.), Volkswagen AG, Nissan Motor Co., Ltd, Ashok Leyland Limited (Hinduja Group Ltd.), Mercedes-Benz Group AG (Daimler Truck Holding AG), Yutong Bus Co., Ltd., Tata Motors Limited (Tata Group) and Hyundai Motor Company.

Scope of the Study

By Battery Type

  • Lithium Iron Phosphate
  • Lithium Nickel Manganese Cobalt Oxide

By Vehicle

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle

By Application

  • Intercity
  • Intracity

By End-Use

  • Public
  • Private

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:


  • BYD Company Ltd.
  • Volvo Group
  • Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
  • Volkswagen AG
  • Nissan Motor Co., Ltd
  • Ashok Leyland Limited (Hinduja Group Ltd.)
  • Mercedes-Benz Group AG (Daimler Truck Holding AG)
  • Yutong Bus Co., Ltd.
  • Tata Motors Limited (Tata Group)
  • Hyundai Motor Company

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electric Bus Market, by Battery Type
1.4.2 Asia Pacific Electric Bus Market, by Vehicle
1.4.3 Asia Pacific Electric Bus Market, by Application
1.4.4 Asia Pacific Electric Bus Market, by End-Use
1.4.5 Asia Pacific Electric Bus Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr - 2023, Jun) Leading Players
Chapter 4. Asia Pacific Electric Bus Market by Battery Type
4.1 Asia Pacific Lithium Iron Phosphate Market by Country
4.2 Asia Pacific Lithium Nickel Manganese Cobalt Oxide Market by Country
Chapter 5. Asia Pacific Electric Bus Market by Vehicle
5.1 Asia Pacific Battery Electric Vehicle Market by Country
5.2 Asia Pacific Plug-in Hybrid Electric Vehicle Market by Country
5.3 Asia Pacific Fuel Cell Electric Vehicle Market by Country
Chapter 6. Asia Pacific Electric Bus Market by Application
6.1 Asia Pacific Intercity Market by Country
6.2 Asia Pacific Intracity Market by Country
Chapter 7. Asia Pacific Electric Bus Market by End-use
7.1 Asia Pacific Public Market by Country
7.2 Asia Pacific Private Market by Country
Chapter 8. Asia Pacific Electric Bus Market by Country
8.1 China Electric Bus Market
8.1.1 China Electric Bus Market by Battery Type
8.1.2 China Electric Bus Market by Vehicle
8.1.3 China Electric Bus Market by Application
8.1.4 China Electric Bus Market by End-use
8.2 Japan Electric Bus Market
8.2.1 Japan Electric Bus Market by Battery Type
8.2.2 Japan Electric Bus Market by Vehicle
8.2.3 Japan Electric Bus Market by Application
8.2.4 Japan Electric Bus Market by End-use
8.3 India Electric Bus Market
8.3.1 India Electric Bus Market by Battery Type
8.3.2 India Electric Bus Market by Vehicle
8.3.3 India Electric Bus Market by Application
8.3.4 India Electric Bus Market by End-use
8.4 South Korea Electric Bus Market
8.4.1 South Korea Electric Bus Market by Battery Type
8.4.2 South Korea Electric Bus Market by Vehicle
8.4.3 South Korea Electric Bus Market by Application
8.4.4 South Korea Electric Bus Market by End-use
8.5 Singapore Electric Bus Market
8.5.1 Singapore Electric Bus Market by Battery Type
8.5.2 Singapore Electric Bus Market by Vehicle
8.5.3 Singapore Electric Bus Market by Application
8.5.4 Singapore Electric Bus Market by End-use
8.6 Malaysia Electric Bus Market
8.6.1 Malaysia Electric Bus Market by Battery Type
8.6.2 Malaysia Electric Bus Market by Vehicle
8.6.3 Malaysia Electric Bus Market by Application
8.6.4 Malaysia Electric Bus Market by End-use
8.7 Rest of Asia Pacific Electric Bus Market
8.7.1 Rest of Asia Pacific Electric Bus Market by Battery Type
8.7.2 Rest of Asia Pacific Electric Bus Market by Vehicle
8.7.3 Rest of Asia Pacific Electric Bus Market by Application
8.7.4 Rest of Asia Pacific Electric Bus Market by End-use
Chapter 9. Company Profiles
9.1 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.2 Ashok Leyland Limited (Hinduja Group Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Mercedes-Benz Group AG (Daimler Truck Holding AG)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Yutong Bus Co., Ltd.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.5 BYD Company Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Volvo Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Volkswagen AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Nissan Motor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Tata Motors Limited (Tata Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Hyundai Motor Company
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • BYD Company Ltd.
  • Volvo Group
  • Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
  • Volkswagen AG
  • Nissan Motor Co., Ltd
  • Ashok Leyland Limited (Hinduja Group Ltd.)
  • Mercedes-Benz Group AG (Daimler Truck Holding AG)
  • Yutong Bus Co., Ltd.
  • Tata Motors Limited (Tata Group)
  • Hyundai Motor Company

Methodology

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