China electric bus market is expected
to grow at a double-digit growth rate during the forecast period backed by the
need to reduce vehicular emissions. Shenzhen is the first city in the world to
have achieved 100% electrified public transport. Demand for electric bus is
anticipated to further increase in the forthcoming years, as more than 30
cities in the country including Foshan, Guangzhou, Dongguan, among others are
planning to switch to have entire bus fleet that runs on electricity.
Furthermore, Ministry of Transport in China, offers tax benefits and subsidies
for the development of low emission bus fleet, thereby further positively
influencing the market.
China electric bus market is
segmented based on seating type, battery type, application, bus length, region
and company. Based on seating type, the market can be segmented into up to 30-seater, 31-40-seater
and above 40. Up to 30-seater
is anticipated to account for major share in the upcoming years due to the
several pending orders and capacity of present fleet on road is below 30-seater.
The major players operating in the
electric bus market are BYD Company Limited, Zhengzhou Yutong Bus Co., Ltd.,
Anhui Ankai Automobile Co., Ltd., King Long United Automotive Industry Co.,
Ltd, Volvo, Nanjing Jiayuan EV, Suzhou Eagle Electric Vehicle, Zhongtong Bus
& Holding Co., Ltd., ANKAI, HIGER, among others. Major companies are developing
advanced technologies and launching new products in order to stay competitive
in the market.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of China
electric bus market.
- To classify and forecast China electric bus
market based on seating capacity, battery type, application, bus length, company
and regional distribution.
- To identify drivers and challenges for China
electric bus market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in China
electric bus market.
- To conduct pricing analysis for China electric
bus market.
- To identify and analyze the profile of leading
players operating in China electric bus market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of electric bus manufacturers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the players
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the manufacturers, distribution channels and presence
of all major players across the country.
TechSci Research calculated the market size of China electric bus market by using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Electric bus manufacturers
and suppliers
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to electric bus
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, China electric bus
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, By Seating Capacity:
- Up to 30-Seater
- 31-40-Seater
- Above 40
- Market, By Battery Type:
- Market, By Application:
- Intercity
- Intracity
- Airport
Bus
- Market, By Region:
- North
China
- North-east
China
- East
China
- South-central
China
- South-west
China
- North-west
China
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in China electric bus market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com