Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (United States, Canada and Rest of North America) and Competitive Landscape
Product Code: ETC000899 | Publication Date: Jul 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Electric Bus Market report thoroughly covers the market by Vehicle Type, by Charging Infrastructure, by End User, and by Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Electric Bus Market has been consistently expanding in recent years due to a push for more sustainable and environmentally-friendly transportation alternatives. Electric buses have gained popularity not only in North America but globally, as governments and transit agencies look for ways to reduce carbon emissions and combat climate change. With the positive growth opportunities, the market is facing certain challenges too.
According to 6Wresearch, North America Electric Bus Market size is expected to grow at a significant CAGR of 12.3% during the forecast period 2024-2030. Several key factors are driving the growth of the North America Electric Bus Market. One of the key factors is, that strict environmental regulations and policies by federal and state governments are encouraging the adoption of zero-emission vehicles. These policies offer financial incentives, grants, and subsidies that make the shift to electric buses more financially viable for transit agencies and city governments.
Additionally, technological advancements in battery technology play an influential role. Innovations such as fast-charging stations and swappable battery systems further reduce downtime and increase the operating efficiency of electric buses. Also, increasing public awareness and concern over climate change and air quality have increased the demand for more sustainable transportation options.
Despite ongoing growth, the North American Electric Bus Market faces several challenges. The high upfront cost of remains a financial barrier many transit agencies. While operational costs tend to be lower compared to diesel buses, the initial investment is comparatively higher. Another major challenge the development and maintenance of adequate charging infrastructure present logistical and financial challenges. Building a widespread network of charging stations requires substantial investment, and the existing grid infrastructure in many regions may need upgrading to handle the increased load from electric vehicle charging. These issues need to be addressed to ensure the continued growth and adoption of electric buses in North America.
The North America Electric Bus Market is dominated by several key players including, Proterra Inc. stands out as a leader due to its advanced battery technology and extensive range of electric buses specifically designed for the North American market. Another influential player is BYD Company Limited, a global leader in electric vehicle manufacturing. The company's robust manufacturing capabilities and strategic partnerships have enabled it to capture a substantial market share. Nova Bus, a division of the Volvo Group, is also a prominent contender in the market. Known for its reliable and efficient transit buses, Nova Bus has expanded its portfolio to include electric models that meet the stringent emission standards and operational requirements of North American cities. New Flyer, a subsidiary of NFI Group, and GreenPower Motor Company Inc. are emerging players, that have been making significant shifts with their innovative electric buses.
Government regulations play a critical role in shaping the growth and adoption of electric buses in North America. Multiple federal, state, and local policies have been executed to boost the transition from traditional diesel buses to electric alternatives. One significant regulation is the introduction of emission standards that limit the amount of pollutants produced by transit vehicles. These standards, set by agencies such as the Environmental Protection Agency (EPA), make transit agencies adopt cleaner options. Many governments offer financial incentives to accelerate the adoption of electric buses, including grants, subsidies, and tax credits aimed at compensating the high upfront costs associated with purchasing electric buses and developing the necessary charging infrastructure.
The future of the North America Electric Bus Market appears promising, driven by technological advancements, increasing environmental awareness, and strong government support. One key trend is the consistent improvement in battery technology, which is anticipated to result in electric buses with longer ranges, faster charging times, and reduced overall costs.
Moreover, the integration of smart technologies and data analytics into electric buses will enhance operational efficiency and passenger experience making electric buses more attractive to transit agencies. Government policies and incentives will continue to play a vital role in market expansion. Additionally, investments in charging infrastructure, supported by both public and private sectors, will alleviate one of the primary barriers to adoption. This evolution will not only transform public transportation but also contribute to broader environmental goals.
According to Dhaval, Research Manager, 6Wresearch, Battery Electric Buses (BEB) hold the highest share in the North American market. This is due to their zero-emission capabilities and lower operating costs compared to conventional diesel buses.
Among the various charging infrastructure types, plug-only systems currently attain the highest market share in North America. This dominance is attributed to their relatively simple and cost-effective installation process, as well as their compatibility with a wide range of electric bus models.
Public transportation agencies hold a larger share in the market. Due to government initiatives and regulations have encouraged public transit systems to adopt zero-emission vehicles in order to reduce air pollution and greenhouse gas emissions.
The United States currently holds the highest share in the North American electric bus market, with major cities such as New York, Los Angeles, and Chicago implementing ambitious plans to transition their public transportation fleets to fully electric vehicles.
The report offers a comprehensive study of the subsequent market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. North America Electric Bus Market Overview |
3.1 North America Country Indicators |
3.2 North America Electric Bus Market Revenues & Volume 2020-2030F |
3.3 North America Electric Bus Market Revenue Share, By Vehicle Types, 2020 & 2030F |
3.4 North America Electric Bus Market Revenue Share, By Charging Infrastructure, 2020 & 2030F |
3.5 North America Electric Bus Market Revenue Share, By End User, 2020 & 2030F |
3.6 North America Electric Bus Market Revenue Share, By Regions, 2020 & 2030F |
3.7 North America Electric Bus Market - Industry Life Cycle |
3.8 North America Electric Bus Market - Porter’s Five Forces |
4. North America Electric Bus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. North America Electric Bus Market Trends |
6. North America Electric Bus Market Overview, By Vehicle Types |
6.1 North America Electric Bus Market Revenues & Volume, by Hybrid 2020-2030F |
6.2 North America Electric Bus Market Revenues & Volume, by Battery 2020-2030F |
6.3 North America Electric Bus Market Revenues & Volume, by Plug-in Hybrid 2020-2030F |
7. North America Electric Bus Market Overview, By Charging Infrastructure |
7.1 North America Electric Bus Market Revenues, By Ground Contact, 2020-2030F |
7.2 North America Electric Bus Market Revenues, By Roof Pantograph, 2020-2030F |
7.3 North America Electric Bus Market Revenues, By Gantry Pantograph, 2020-2030F |
7.4 North America Electric Bus Market Revenues, By Plug Only, 2020-2030F |
7.5 North America Electric Bus Market Revenues, By Induction, 2020-2030F |
8. North America Electric Bus Market Overview, By End User |
8.1 North America Electric Bus Market Revenues & Volume, By Public, 2020-2030F |
8.2 North America Electric Bus Market Revenues & Volume, By Private, 2020-2030F |
9. US Electric Bus Market Overview |
9.1 US Electric Bus Market Revenues & Volume 2020-2030F |
9.2 US Electric Bus Market Revenues and Volume, By Vehicle Types, 2020-2030F |
9.3 US Electric Bus Market Revenues, By Charging Infrastructure, 2020-2030F |
9.4 US Electric Bus Market Revenues, By End User, 2020-2030F |
9.5 US Electric Bus Market Revenues, By Regions, 2020-2030F |
10. Canada Electric Bus Market Overview |
10.1 Canada Electric Bus Market Revenues & Volume 2020-2030F |
10.2 Canada Electric Bus Market Revenues and Volume, By Vehicle Types, 2020-2030F |
10.3 Canada Electric Bus Market Revenues, By Charging Infrastructure, 2020-2030F |
10.4 Canada Electric Bus Market Revenues, By End User, 2020-2030F |
10.5 Canada Electric Bus Market Revenues, By Regions, 2020-2030F |
11. Rest of North America Electric Bus Market Overview |
11.1 Rest of North America Electric Bus Market Revenues & Volume 2020-2030F |
12. North America Electric Bus Market - Opportunity Assessment |
12.1 North America Electric Bus Market Opportunity Assessment, By Vehicle Types 2030F |
12.2 North America Electric Bus Market Opportunity Assessment, By Infrastructure 2030F |
12.3 North America Electric Bus Market Opportunity Assessment, By End User, 2030F |
13. North America Electric Bus Market Competitive Landscape |
13.1 North America Electric Bus Market Revenue Share, By Company, 2023 |
13.1.1 US Electric Bus Market Revenue Share, By Company, 2023 |
13.1.2 Canada Electric Bus Market Revenue Share, By Company, 2023 |
13.2 North America Electric Bus Market Competitive Benchmarking, By Operating & Technical Parameters |
14. Company Profiles |
15. Key Recommendations |
16. Disclaimer |
Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (United States, Canada and Rest of North America) and Competitive Landscape
Product Code: ETC000899 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Electric Bus Market developments include the shift of market players from diesel and petrol buses to electric buses to deal with rising environmental concerns. In June 2019, Proterra Inc. was selected by the Virginia Department of General Services for the supply of battery-electric buses and charging stations for its state-wide contract. In July 2020, Yutong announced that a major batch of 130 battery-powered trolley-buses to Mexico City. The new trolleybus fleet is divided into 80, 12-meter vehicles and 50, 18-meter vehicles.
With increasing technological advancements in the transportation sector across North America, the demand for Electric buses is surging rapidly. Further, growing awareness for emission-free transportation along with unstable fuel prices and increasing investment by the companies and regulatory compliances to reduce carbon footprints are driving the North America Electric Bus market.
According to 6Wresearch, the North America Electric Bus Market size is anticipated to register growth during 2019-2025. In the overall North America Electric Bus market share, the United States has captured the major revenue pie in 2018 and is expected to lead throughout the forecast period. However, over the coming years, Canada is expected to experience high market growth in the North America Electric Bus market.
On the basis of Vehicle Type, the North America electric bus market can be broadly categorized into Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB), and Hybrid Electric Bus (HEB). Battery Electric Bus (BEB) dominated the market in 2018, owing to favourable government norms in order to reduce carbon footprints.
The North America Electric Bus market report thoroughly covers the market by vehicle types, charging infrastructure, end-users, regions, and key countries. The North America Electric Bus market outlook report provides an unbiased and detailed analysis of the ongoing North America Electric Bus market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
In the upcoming years, North American going to introduce electric buses the estimated exponential growth going to increase of electric buses. The key factors of electric buses that acceptance of growth by environmental concerns and the availability of federal and private funding the growth of electric buses will increase in North America. In the Californian city, the foothill transit ordered is the first double-decker electric bus which going to drivetrain the technology from the streets of Alexander Denniston. The local governments going to promote electric buses and low or no Emission Grant programs million awarded grants over the 50 states help to drive the growth of the region in the market.
The market is going too divided on the basis of many segments such as end-user, battery type, country, and bus type. The market has sub-segmented such as battery-electric buses, hybrid electric buses, and fuel cell electric buses. There are other sub-segmented such as Li-Ion, NiMH, and others. Based on the end-user the market is going to be sub-segmented in the fleet owner and government. To reduce the level of greenhouse gases while purchasing the electric buses based on the end-user owing active involvement according to the government anticipated share and market are segmented into Canada and the US.
In North America the key player market including Daimler and Proterra Inc. Looking at the electrification of school buses. The purpose of this Daimler and Proterra Inc. Has been entered into an agreement of exploring the electrification of select Daimler it's having heavy-duty vehicles. According to the market condition Proterra Inc. It is announced that the company going to select the vendor of the Virginia Department of general services that has been supplying zero-emission battery-electric buses it’s going to charge the station of its statewide contract. The North American electric bus market is going to present the key market players making the contribution towards the growth of the electric bus market. The North America electric bus market is a battery-operated device that is considered a safe alternative to smoking cigarettes. The industry is non-uniformly regulated by the effects of the devices. The tobacco companies are the large flourished introducing the devices through various different brands and cater requirements the product quality and customization level. North America increased the popularity of electric bus market e-cigarette technologies in North America such as squonk mods and pod systems.
The United States has been expanding the electric bus market for less than half a decade. The battery-driven buses, fully electric are used across the country. Recently the current service of California, New York City is going to transition the Seattle committed zero-emission fleets, which are transit buses in the united states of electric committed. All the new public transits of the bus sales were the electric buses that have different agencies currently have an electric bus of their fetes. According to the research report, North America is working on many projects such as ENDS is stands for E-Cigarettes or Electronic Nicotine Delivery System is a tobacco-free device/recreational use and quits smoking by the people increase the use of the people. There are vaporizers that do not burn the tobacco but they heat up a liquid. The product is smoke-free and tobacco-free but there did not have the liquid nicotine. In addition, the liquid inside the E-cigarettes contains propylene glycol, liquid nicotine, flavouring agents, and others. In North America, this device is an alternative to conventional cigarettes and vaporized nicotine which is used to inhale by the user.
According to the report of the United States E-cigarettes market the highly competitive many large players. The market players hold the share of consolidated fact that appears in the market. The major key player and their key strategies adopted by the large player Imperial Brands plc, British American Tobacco plc, and Philip Morris International Inc. The North America electric bus market is anticipated to witness potential growth during the forecast period 2020-26F on the back of the growth of the automotive industry. Further, Urbanization would be the major factor driving the sales revenue owing to rising relocation in counties of different regions coupled with a rise in travelling rate and to meet requirements of dense population, the adoption of electric buses would increase and would benefit the market to potentially grow in the coming years. Additionally, Rising awareness of using electric vehicles to reduce pollution which tends to increase the adoption of electric buses by schools and other educational institutions is estimated to increase the demand for electric buses and would proliferate the growth of the North America electric bus market in the coming years.
The North America Electric Bus Market report provides a detailed analysis of the following market segments: