The Asia-Pacific electric bus market is estimated to grow at an exponential CAGR during the forecast period. The rapidly increasing urbanization of the emerging countries of the region creating demand for improvement in public transport along with the cohesive government initiatives and schemes is one of the major factors to drive the growth of the Asia-Pacific electric bus market. China is making a considerable contribution to drive the growth of the Asia-Pacific electric bus market owing to the presence of major market players such as BYD Co. Ltd. in the country. Apart from China, India and Japan are other countries having potential growth opportunities for the growth of the Asia-Pacific electric bus market owing to their supportive government policies and initiatives.
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The market is segmented on the basis of bus type, battery type, end-user, and country. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on end-user, the market is sub-segmented into government and fleet owners. The government is anticipated to hold considerable share based on end-user owing to its active involvement in the purchase of electric buses to reduce the level of greenhouse gases. Based on the country, the market is segmented into China, Japan, India, and the rest of Asia-Pacific.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Asia-Pacific Electric Bus Market by Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
North America Electric Bus Market by Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
Asia-Pacific Electric Bus Market by End-User
- Government
- Fleet Owner
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- AB Volvo
- Anhui Ankai Automobile Co., Ltd.
- Ashok Leyland Ltd.
- BYD Co. Ltd.
- China FAW Group Co., Ltd.
- Deccan Auto Ltd.
- Foton Motors
- Goldstone Infratech Ltd.
- Higer Bus Co. Ltd.
- Hino Motors Ltd.
- JBM Auto Ltd.
- Optare Plc
- Proterra Inc.
- Solaris
- Wuzhoulong
- Xiamen King Long United Automotive Industry, Co. Ltd.
- Zhongtong Bus Holding Co., Ltd.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific Electric Bus market.
- Insights about market determinants which are stimulating the Asia-Pacific Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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