Singapore electric bus market is expected to grow at a steady rate during the forecast period. The growing need to reduce dependency on the conventional sources of energy and curb the greenhouse gases emissions are the key factors driving the Singapore electric bus market during the forecast period. Additionally, supportive government policies and initiatives are further propelling the market in the country.
The Singapore electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on battery type, the market can be segmented into lead acid and lithium ion. Lithium ion battery segment is expected to grow at a faster pace owing to their high energy density and increased power per mass battery unit. Based on length, the market can be fragmented into 6-8m, 9-12m and above 12m. The 9-12m segment is expected to dominate the market since this is the standard size for the buses. The major players operating in Electric bus market are BYD (Singapore) Pte. Ltd., ST Engineering Land Systems, Volvo, Ebus and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the country’s electric bus market.
Years considered for this report:
Historical Year: 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of Singapore
electric bus market.
- To classify and forecast Singapore electric
bus market based on seating capacity, battery type, application, bus
length, company and regional distribution.
- To identify drivers and challenges for Singapore
electric bus market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Singapore
electric bus market.
- To conduct pricing analysis for Singapore electric
bus market.
- To identify and analyze the profile of leading
players operating in Singapore 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 operating in Singapore.
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 market 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 Singapore electric bus market 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
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to electric bus market
- Market research and
consulting firms
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, Singapore 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
- Region:
- South West CDC
- North East CDC
- Central Singapore CDC
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Singapore 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 [email protected]