North America Electric Bus Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Vehicle Type (Battery Electric Bus, Hybrid electric Bus, and Plug-in Hybrid Electric Bus), Hybrid Powertrain (Series Parallel Hybrid, Parallel Hybrid, and Series Hybrid), Battery [Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC)], and End User (Public and Private)
The North America electric bus market is expected to grow from US$ 756.45 million in 2021 to US$ 2,539.40 million by 2028; it is estimated to grow at a CAGR of 18.9% from 2021 to 2028.
Air pollution causes several diseases, some even becoming fatal at advanced stages. As vehicular discharge impacts public health, it may have a dangerous impact on the environment. Governments across the region are investing heavily in infrastructure development to reduce ozone-depleting compounds and air pollution levels. This will be accomplished by enacting strict government regulations on automobile emissions. The electric bus market is expanding as a result of these standards. Electric buses are eco-friendly since they do not emit any harmful pollutants. Furthermore, electric buses are efficient and provide clean urban transportation, giving a viable alternative to maintaining clean air in metropolitan areas. As a result, many urban areas in countries progressively accept e-transport systems. The governments across the region enforced strict pollution standards, and directives are accelerating the use of electric buses, driving the market growth across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America electric bus market. The North America electric bus market is expected to grow at a good CAGR during the forecast period.
North America Electric Bus Market Revenue and Forecast to 2028 (US$ Million)
North America Electric Bus Market Segmentation
The North America electric bus market is segmented based on vehicle type, hybrid powertrain, battery, end user, and country. Based on vehicle type, the market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment dominated the market in 2021. Based on hybrid powertrain, the market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment dominated the market in 2021. Based on battery, the market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment dominated the market in 2021. Based on end user, the market is bifurcated into public and private. The public segment dominated the market in 2021. Based on country, the North America electric bus market is segmented into the US, Canada, and Mexico. The US dominated the market in 2021.
AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; NFI Group; Proterra Inc.; Shenzhen Wuzhoulong Motors Co., Ltd; and Van Hool NV are among the leading companies in the North America electric bus market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Electric Bus Market – By Vehicle Type
1.3.2 North America Electric Bus Market – By Hybrid Powertrain
1.3.3 North America Electric Bus Market – By Battery
1.3.4 North America Electric Bus Market – By End User
1.3.5 North America Electric Bus Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electric Bus Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Electric Bus Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Hydrogen Fuel Bus
5.1.2 Strict Government Emission Regulations
5.2 Market Restraints
5.2.1 High Initial and Development Cost
5.3 Market Opportunities
5.3.1 Rising Production of Low-cost Lithium ion-Phosphate Batteries
5.4 Future Trends
5.4.1 Emergence of Autonomous and Semi-Autonomous Transportation Systems
5.5 Impact Analysis of Drivers and Restraints
6. Electric Bus Market – North America Analysis
6.1 North America Electric Bus Market Overview
6.2 North America Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Electric Bus Market Analysis – By Vehicle Type
7.1 Overview
7.2 North America Electric Bus Market, By Vehicle Type (2020 and 2028)
7.3 Battery Electric Bus
7.3.1 Overview
7.3.2 Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hybrid Electric Bus
7.4.1 Overview
7.4.2 Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Plug-in Hybrid Electric Bus
7.5.1 Overview
7.5.2 Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Electric Bus Market Analysis – By Hybrid Powertrain
8.1 Overview
8.2 North America Electric Bus Market, By Hybrid Powertrain (2020 and 2028)
8.3 Series Parallel Hybrid
8.3.1 Overview
8.3.2 Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Parallel Hybrid
8.4.1 Overview
8.4.2 Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Series Hybrid
8.5.1 Overview
8.5.2 Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Electric Bus Market Analysis – By Battery
9.1 Overview
9.2 North America Electric Bus Market, By Battery (2020 and 2028)
9.3 Lithium Iron Phosphate (LFP)
9.3.1 Overview
9.3.2 Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Lithium Nickel Manganese Cobalt Oxide (NMC)
9.4.1 Overview
9.4.2 Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Electric Bus Market Analysis – By End User
10.1 Overview
10.2 North America Electric Bus Market, By End User (2020 and 2028)
10.3 Public
10.3.1 Overview
10.3.2 Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Private
10.4.1 Overview
10.4.2 Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Electric Bus Market – Country Analysis
11.1 Overview
11.1.1 North America: Electric Bus Market, by Key Country
11.1.1.1 US: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Electric Bus Market, By Vehicle Type
11.1.1.1.2 US: Electric Bus Market, By Hybrid Powertrain
11.1.1.1.3 US: Electric Bus Market, By Battery
11.1.1.1.4 US: Electric Bus Market, By End User
11.1.1.2 Canada: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Electric Bus Market, By Vehicle Type
11.1.1.2.2 Canada: Electric Bus Market, By Hybrid Powertrain
11.1.1.2.3 Canada: Electric Bus Market, By Battery
11.1.1.2.4 Canada: Electric Bus Market, By End User
11.1.1.3 Mexico: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Electric Bus Market, By Vehicle Type
11.1.1.3.2 Mexico: Electric Bus Market, By Hybrid Powertrain
11.1.1.3.3 Mexico: Electric Bus Market, By Battery
11.1.1.3.4 Mexico: Electric Bus Market, By End User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 King Long United Automotive Industry Co., Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Shenzhen Wuzhoulong Motors Co., Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BYD Company Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daimler AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CAF Group (Solaris Bus & Coach)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Proterra Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NFI Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Van Hool NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Electric Bus Market Segmentation
Figure 2. North America Electric Bus Market Segmentation – By Country
Figure 3. North America Electric Bus Market Overview
Figure 4. North America Electric Bus Market, By Vehicle Type
Figure 5. North America Electric Bus Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Electric Bus Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 11. North America Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)
Figure 15. North America Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Electric Bus Market Revenue Share, By Battery (2020 and 2028)
Figure 19. North America Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Electric Bus Market Revenue Share, By End User (2020 and 2028)
Figure 22. North America Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Electric Bus Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. North America: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. US: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
- AB Volvo
- BYD Company Ltd
- CAF Group (Solaris Bus & Coach)
- Daimler AG
- King Long United Automotive Industry Co., Ltd
- NFI Group
- Proterra Inc.
- Shenzhen Wuzhoulong Motors Co., Ltd
- Van Hool NV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electric bus market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America electric bus market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify busines s expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electric bus market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution