United States electric bus market is expected to grow at a CAGR of around 20% and is projected to reach around $ 2000 million by 2024 during the forecast period. In the United States, 95 per cent of school buses run on diesel, a striking figure as compared with the 60 per cent of public transport buses, as of 2018. Electric bus manufacturers in the country are strongly focusing on transforming diesel school buses to electric buses. An electric bus is powered by electricity. It can store the electricity on board or can be fed continuously from an external source. It is an eco-friendly and cost-effective mode of transport which is gaining popularity across different countries.

Rapid urbanization, rising levels of pollution, global warming, depletion of fossil fuels, and increasing cost of fuels, are some of the major factors driving the United States electric bus market. Additionally, the US government has introduced several incentives, such as tax rebates, grants, and subsidies, in the recent years to encourage the adoption of electric buses in the country. For instance, the Federal Transit Administration (FTA) offers several grant programs, many of which have been used to purchase electric buses and is witnessed in giving a healthy push to the market. However, the high cost of these electric buses as compared to the conventional diesel and CNG buses might hamper the growth of the US electric bus market in the coming years.

The United States 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. Lithium ion battery is expected 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 Proterra Inc., BYD Motors Inc., NFI Group Inc., GreenPower Motor Company Inc., Gillig LLC, Blue Bird Corporation, Nova Bus Corporation 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 Study:

• To analyze and forecast the market size of United States electric bus market.
• To classify and forecast United States electric bus market based on seating capacity, battery type, application, bus length, company and regional distribution.
• To identify drivers and challenges for United States electric bus market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States electric bus market.
• To conduct pricing analysis for United States electric bus market.
• To identify and analyze the profile of leading players operating in United States 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 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 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 United States 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, United States 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:
• Lead Acid
• Lithium Ion
• Market, By Application:
• Intercity
• Intracity
• Airport Bus

• Market, By Bus Length:
• 6-8m
• 9-12m
• Above 12m

• Regions:
• West
• Northeast
• Midwest
• South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States 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).