Japan electric bus market is expected to grow at a formidable rate during the forecast period. Rising air pollution levels and global warming are the key factors driving the Japan electric bus market. Additionally, increasing expenditure by the government for the development of eco-friendly alternatives for controlling pollution levels is further projected to propel the market over 2024. Moreover, associated advantages such as noise efficiency, higher ROI and fuel efficiency, among others associated with the electric buses are further expected to supplement the market during forecast years.
The Japan 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. The up to 30-seater seater segment is expected to hold significant market share during the forecast period on account of easy boarding, even with a stroller or wheelchair. Additionally, it can easily store a large volume of luggage. Based on battery type, the market can be bifurcated into lead acid and lithium ion, of which the latter is anticipated to dominate the market owing to its excellent thermal stability, long lifespan, and faster charging time.
The major players operating in the electric bus market are BYD Japan Co. Ltd., Hino Motors Ltd., INVECO S.p.a., Ryobi Holdings Co., Ltd. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
- To analyze and forecast the market size of Japan
electric bus market.
- To classify and forecast Japan electric bus
market based on seating capacity, battery type, application, bus length, company
and regional distribution.
- To identify drivers and challenges for Japan
electric bus market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Japan
electric bus market.
- To conduct pricing analysis for Japan electric
- To identify and analyze the profile of leading
players operating in Japan 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/suppliers 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 manufacturers 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 Japan 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
Key Target Audience:
- Electric bus manufacturers
- Market research and
- 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
In this report, Japan 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
- Above 40
- Market, By Battery Type:
- Market, By Application:
- Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in Japan electric bus market.
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:
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be released soon. If you wish an early delivery of this report or want to
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- Detailed analysis and
profiling of additional market players (up to five).