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Though the electric and hybrid bus market is in its initial phase but the rising venture funding and technological development are significantly driving the market. According to Goldstein Research, global electric & hybrid bus market is expected to reach 40,067 units by 2024, growing at a CAGR of 25.3% over the forecast period 2016-2024.
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Electric & Hybrid Bus Market Outlook Global Electric & Hybrid Bus Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Request Full Market Report Sample Report Code :CHM 1958 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422 +91-991-071-6331 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com www.goldsteinresearch.com
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Growth Drivers Global End User Interest for Buying Electric Bus, By Country In each of the countries survey , a significant portion of end user said that they would either be a first mover in the adoption of an electric bus or at least might be willing to consider purchasing an electric vehicle. China and India led the world with those considering themselves potential first movers at XX percent and XX percent respectively. This was a dramatic contrast to the potential first movers in Japan (XX percent), France (XX percent), Belgium (XX percent), and Germany (XX percent). All of those countries have policies to foster EV sales, and 2016 showed that if certain incentives are taken away, sales falter. Such a scenario played out in the Netherlands where tax incentives were gradually phased out for Plug In Hybrid Electric Vehicles (PHEV), which dropped PHEV sales by XX percent. Battery electric vehicles (BEVs), however, weren’t affected by the tax, and sales grew by XX percent. China leapfrogged the US in 2016 to become the country with the most electric passenger vehicles. Although EVs only made up XX percent of the country's national fleet, more than XX percent of the EVs sold in the world in 2016 were sold in China (twice as many as were sold in the US). Request Full Market Report Sample Global Consumer Interest (%) for Buying Electric Vehicles, By Country 60% XX% XX% XX% XX% 50% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 40% XX% 30% 20% XX% XX% XX% XX% XX% 10% XX% XX% XX% 0% Argentina Austraia Belgium Brazil Canada China France Germany Potential Adopters Might be Willing Not Likley to Consider Source: Goldstein Research Impact Analysis:- Rapid expansion of urbanization leads to growth in establishment of infrastructure to supplement the adoption of electric busses. This factor is further expected to positively impact the growth of electric & hybrid bus market. Impact on Global Electric & Hybrid Bus Market High Medium Low Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Restraints High Cost of Electric Vehicle and Lack of Charging Infrastructure Consumer survey literature consistently finds that price is a major barrier to electric vehicle sales. Price includes the price premium between an EV and a comparable internal combustion engine. Currently, battery electric bus systems are at least XX% more expensive over the entire life cycle compared to diesel buses. Acquisition costs, energy consumption and operating life as most influential cost factors in electric bus systems. Battery costs are expected to fall to about half current levels, but one consultant speculated that a variety of factors such as increased cost of raw materials, increases in technology and need to greater range and thus larger batteries would tend to offset the falling price. In one survey, XX% of surveyed potential end users would not consider purchasing an electric bus until charging locations are widely available and as easy to locate as gas stations today. Under current conditions, difficult business case for utilities to invest in EV recharging infrastructure without strong government incentives and “clear technology roadmap from OEMs.” Thus, if electric vehicles are to reach a broad market, rather than just serving as second vehicle for city dwellers with large garages, it will be essential to create a public electric charging infrastructure. Request Full Market Report Sample Longest Acceptable Time to Fully Recharge EV Battery 100% XX% 90% 30 Minutes XX% XX% XX% 80% XX% XX% XX% 70% 1 Hours XX% XX% XX% 60% XX% XX% 2 Hours 50% XX% XX% XX% 40% XX% XX% 4 Hours 30% XX% XX% 20% XX% XX% 8 Hours 10% XX% XX% XX% 0% CHINA U.S EUROPE JAPAN Source: Goldstein Research Impact Analysis:- The pricing trend of electric & hybrid bus coupled with lack of recharging infrastructure has led to off-putting the sales which is a major restraining factor for the growth of Electric & Hybrid Bus market. Impact on Global Electric & Hybrid Bus Market High Medium Low Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Region and Market Players-2016 Global Electric & Hybrid Bus Market Share (%) , By Companies, 2016 Proterra Inc., XX% AB Volvo, XX% Solaris Bus & Coach S.A., XX% Zhengzhou Yutong Group Co. Ltd., XX% Request Full Market Report Sample EBUSCO, XX% Shenzhen Wuzhoulong Motors Co. Ltd, XX% New Flyer Industries Inc, XX% Alexander Dennis Limited, XX% Daimler AG, XX% King Long United Automotive Industry Co. Ltd, XX% BYD Company Limited, XX% Source: Goldstein Research Global Electric & Hybrid Bus Market Share(%), By Region, 2016 North America XX% Europe XX% Asia Pacific XX% Middle East& Africa XX% Latin America XX% Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Electric & Hybrid Bus Market SWOT Analysis STRENGTHS Electric buses have lifecycle-cost advantages over internal-combustion engines because they covert energy into motion more effectively and have far fewer moving parts, making them cheaper to power and maintain over time. Electric buses are still more expensive than diesel, but local transit authorities receive most of their capital funding from the federal government, so researchers reassessed the equation if XX% of a bus purchase were covered by outside funds. In this scenario, electric buses are the lowest-cost option for cities that receive federal funding. Batteries will only comprise XX% of the total electric bus price by 2030, down from XX% in 2016, making electric buses cheaper than diesel on an unsubsidized basis. If battery costs fall faster than projected, electric buses could reach unsubsidized cost parity with diesel around 2025. S Request Full Market Report Sample WEAKNESS As of today, the electric bus is significantly more expensive than a diesel bus, but the cost is expected to go down. FCEBs are currently around seven-times more expensive than both DBs and electric buses, and the cost of constructing a hydrogen refueling station is approximately USD XX million. Adjustments must be made to the energy system according to the area in which the bus operates. Building a working plan (schedule) for an electric bus should consider a variety of parameters about the energy system. The conventional charging system limits the driving distance. Charging systems that enable long driving distance are still very expensive. Real-time energy system monitoring is required to prevent malfunctions and delays. powertrain components increase vehicle weight, potentially limiting what roads these buses can operate on W OPPORTUNITIES Rising oil prices across the globe and stringent environmental regulation has paved the smooth way for the growth of low speed vehicles around the world. Partnerships and alliance between public authorities willing to mobilize the deployment of clean vehicle fleets can help to minimize the costs of public procurement and also provide the growth opportunity for the EV market players. Urban public transport is about to become more sustainable. Innovative electric bus technologies with different charging infrastructure solutions are likely to transform the bus fleets of European & Asia countries in the coming years, improving air quality and noise levels. The idea of Smart Cities is currently being implemented across various cities of the world. Smart City concept includes six basic elements, among which smart mobility is on top priority. City are directly related to urban smart transport with public transport (transit), which uses vehicles environmentally friendly including buses with electric drive. O THREATS Stiff competition from other major players in the market. Chinese bus producers may compete from two ends of the market: on the lower end they have low priced tech products, on the upper end they offer competitively priced hybrid and electric buses due to massive government support. There is anticipated stagnant demand for buses in the mature markets that will reduces the revenue of the market players. Even though there is a wide range of government & environmental laws & regulations, companies still have to consider numerous national laws as well as cultural differences within a country. T Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Electric & Hybrid Bus Market Segmentation Analysis, 2016-2024 Global Electric & Hybrid Bus Market Share (%), By Technology Type, 2016-2024 Fuel Cells Request Full Market Report Sample XX% 30.00% XX% Plug-in Hybrids XX% 2016 2024 Hybrid XX% XX% XX% 20.00% Electric Source: Goldstein Research Global Electric & Hybrid Bus Market Y-O-Y Growth, By Technology Type, 2016-2024 XX% XX% XX% XX% XX% XX% XX% XX% XX% 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research Global Electric & Hybrid Bus Market Share (%), By Technology Type -2016 XX XX XX XX XX XX XX XX 2016 2024 Fuel Cells Plug-in Hybrids Hybrid Electric Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
North America Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), By Region- 2016- 2024 North America Electric & Hybrid Bus Market Size (USD Billion)-2016-2024 XX% XX XX XX Request Full Market Report Sample XX XX% XX% XX XX XX% XX CAGR: (2016-2024) XX XX XX% XX XX XX XX XX% XX XX% XX XX% XX% XX% XX% XX% XX% XX% XX% XX XX% XX% XX% XX XX% XX XX% XX -XX% 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research North America Electric & Hybrid Bus Market Share (%), By Country-2016-2024 North America Electric & Hybrid Bus Market Size (USD Billions), By Country-2016-2024 XX XX XX% XX% XX XX% XX% XX% XX XX% XX% XX% XX% XX% 2016 2024 United States Canada US Canada Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
North America Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), By Region- 2016- 2024 North America Electric & Hybrid Bus Market, By Sales (in Units), 2016-2024 Request Full Market Report Sample North America Electric & Hybrid Bus Market, By Production (in Units), 2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research Source: Goldstein Research North America Electric & Hybrid Bus Market, By Demand (in Units), 2016-2024 • North America electric & hybrid bus market is valued at USD XX billion and is expected to grow at a CAGR of XX% over the forecast period. • Electric buses, all-electric versions of the diesel- dominated mass transit fleet, are nearing cost- competitiveness with representing billions in potential savings for cash- strapped local governments. • Electric buses are becoming a bargain due to lower operational and fuel costs – consider Chicago, which says each electric bus saves USD XX in annual fuel costs. The electrification trend is spreading fast. New York City, home to America’s largest bus network, says its XX buses will be all-electric by 2040. Los Angeles, the second-largest bus fleet, will convert all XX buses to electric by 2030. XX XX XX XX XX XX XX XX XX traditional technologies, XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
US Electric & Hybrid Bus Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024 US Electric & Hybrid Bus Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 XX% XX XX XX Request Full Market Report Sample XX XX% XX% XX XX XX% XX CAGR: (2016-2024) XX XX XX% XX XX XX XX XX% XX XX% XX XX% XX% XX% XX% XX% XX% XX% XX% XX% XX XX% XX% XX XX% XX XX% XX -XX% 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research US Electric & Hybrid Bus Sales (in Units), 2016- 2024 Key Insights XX The U.S. electric & hybrid bus market is expected to expand at a CAGR of XX% over the forecast period i.e. 2016-2020 on the back of increasing demand for EV’s from various end- use sectors. XX XX XX XX XX XX State and federal incentives have been major components of electric vehicle promotion activities in the United States. At the federal level, plug-in electric vehicles are eligible to receive up to $XX in income tax credits for the purchase or lease of electric vehicles. XX XX XX XX XX Our analysis finds that the availability of public charge points and workplace charging is linked with electric vehicle market uptake. The leading electric vehicle markets have at least 275 public charge points per million people; by contrast, half of the U.S. population lives in a market where public charging availability is less than one-third of that rate. XX XX 2016 2017 2018 2019 2020 2021 2022 2023 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Bus Market Outlook Daimler AG (Company Overview & Business Strategy) Request Full Market Founded 1926 Website Employees 289,321 Headquarters Germany Report Sample www.daimler.com Company Overview Major Products Daimler AG is a German multinational automotive corporation. Daimler AG is headquartered in Stuttgart, Baden-Württemberg, Germany. As of 2014, Daimler owned or had shares in a number of car, bus, truck and motorcycle brands including Mercedes-Benz, Mercedes- AMG, Smart Automobile, Detroit Diesel, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso, MV Agusta as well as shares in Denza, KAMAZ and Beijing Automotive Group. Daimler is the thirteenth-largest car manufacturer and is the largest truck manufacturer in the world. Daimler provides financial services through its Daimler Financial Services arm. The company is a component of the Euro Stoxx 50 stock market index. The Daimler AG has a worldwide networks of production plants and research centers. The following list is a description of all locations worldwide that include a Daimler plant, including plants for Daimler subsidiaries EvoBus, Daimler Trucks North America, Detroit Diesel, Freightliner Trucks and Mitsubishi Fuso Truck and Bus Corporation. Passenger Cars Trucks Vans Camper Vans Buses Services Business Strategy Investment & Research and Development: Daimler goal is to continue our global growth in all the vehicle segments in which they are represented and in the services segment. Daimler want to thrill its customers with outstanding products and strong brands. The Asia region, and especially China, are playing a central role in Daimler’s car business in particular. Connected, Autonomous, Shared & Services, Electric — through the connection of all the future-oriented CASE areas, Daimler is transforming itself from an automaker into a provider of mobility services. Daimler is also shaping “intuitivemobility” with comfortable, user-friendly products and services that simplify our customers’ lives and mobility. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Electric & Hybrid Bus Market Outlook Daimler AG (Business Segments & Recent News) Fig :- 9-4 Daimler AG Revenue (%)-By Business Segments, 2016 Fig :- 9-5 Daimler AG Revenue (%), By Region, 2016 Request Full Market Report Sample Automo tive XX% XX% Japan XX% XX% North- America Europe Materia l Handlin g Other XX% XX% XX% Asia XX% Other Key Findings Hertz Corporation Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital Hertz Corporation Corporation announces that it has concluded an agreement with major North American materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The acquisition of Bastian signify Hertz Corporation' full-scale entry into the North American materials handling solutions industry amid the e-commerce boom. Business Strategy To expand company’s presence in emerging countries, Hertz Corporation acquired the lift truck business of Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase its sales in emerging c9oountries where market expansion is expected over the medium to long term. Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. Daimler AG Motors adopted Hertz Corporation Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. Hertz Corporation motors is one of the largest automobile and mental health software across the globe and expected to lead other companies in near future. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Expert Analysis In 2016, Electric & Hybrid Bus Market was dominated by Asia Pacific Electric & Hybrid Buss segment accounted for nearly XX% of the total Asia-Pacific & Africa point of care market and remaining XX% went for different end-use segments such as homecare settings. The main reason for this despaired share is due to the rising demand for point of care testing devices in Electric & Hybrid Bus Market on the back of their advantages such as faster and precise results However, as the medical device technology is on rise (especially in developing countries), the Africa therapeutic market is projected to reach USD XXXX million in 2023 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, Africa pharmaceutical market touched USD XXXX million in 2016 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2023 As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by Electric & Hybrid Bus Market . Moreover, the rising wearables expenditure in Africa on the back of new wearables reforms and rising investment in wearables sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region With USD XXXX million in 2016, blood glucose monitoring devices has the highest demand followed by located hemoglobin (HbA1c) testing devices and blood collection devices. The advancement in diagnostic devices are encouraging the hospitals and Electric & Hybrid Bus Market to adopt the advanced devices to obtain accurate diagnosis data. The precise data would further help the physicians to provide better treatment to the patients Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa point of care testing (POCT) devices market Further, increasing spending by government authorities on research and development of innovative and advance connected devices along with rising disease burden are some of the major reasons behind the spiked growth of Middle East & Africa Electric & Hybrid Bus Market market. Request Full Market Report Sample Business Strategy Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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