Middle East & Africa 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)      

Code: BMIRE00025544 | Pages: 103 | Industry: Automotive and Transportation | Date: Aug 2022 | Type: Regional

The MEA electric bus market is expected to grow from US$ 410.66 million in 2021 to US$ 1,163.89 million by 2028; it is estimated to grow at a CAGR of 16.0% from 2021 to 2028

Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are increasingly used in electric buses. Batteries made of lithium-ion phosphate are both cost-effective and robust. The average price of these batteries is a significant benefit for automakers. Due to its speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. To meet the growing demand for longer drives, market participants are implementing technical improvements to improve the operational efficiency of batteries. This will increase electric bus sales. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Furthermore, the production of high-density Nickel, Manganese, and Cobalt (NMC) batteries is subject to significant intellectual property rights. Moreover, LFP batteries avoid the risk of litigation and simultaneously promote domestic battery suppliers over competitors such as LG Chem and Samsung. Thus, the rising production of low-cost lithium ion-phosphate batteries is expected to drive the demand for the electric bus market during the forecast period 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 MEA electric bus market. The MEA electric bus market is expected to grow at a good CAGR during the forecast period.  

MEA Electric Bus Market Revenue and Forecast to 2028 (US$ Million)       

 

MEA Electric Bus Market Segmentation                         

 

The MEA 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 MEA electric bus market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Saudi Arabia dominated the market in 2021.           

 

AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; and King Long United Automotive Industry Co., Ltd are among the leading companies in the MEA electric bus market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        MEA Electric Bus Market – By Vehicle Type

1.3.2        MEA Electric Bus Market – By Hybrid Powertrain

1.3.3        MEA Electric Bus Market – By Battery

1.3.4        MEA Electric Bus Market – By End User

1.3.5        MEA Electric Bus Market- By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Electric Bus Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA Electric Bus Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Demand for Hydrogen Fuel Bus

5.1.2        Stringent 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 – MEA Analysis

6.1         MEA Electric Bus Market Overview

6.2         MEA Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

7.           MEA Electric Bus Market Analysis – By Vehicle Type

7.1         Overview

7.2         MEA 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.           MEA Electric Bus Market Analysis – By Hybrid Powertrain

8.1         Overview

8.2         MEA 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.           MEA Electric Bus Market Analysis – By Battery

9.1         Overview

9.2         MEA 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.        MEA Electric Bus Market Analysis – By End User

10.1      Overview

10.2      MEA 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)

10.5      Private

10.5.1     Overview

10.5.2     Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.        MEA Electric Bus Market – Country Analysis

11.1      Overview

11.1.1     MEA: Electric Bus Market, by Key Country

11.1.1.1       South Africa: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1       South Africa: Electric Bus Market, By Vehicle Type

11.1.1.1.2       South Africa: Electric Bus Market, By Hybrid Powertrain

11.1.1.1.3       South Africa: Electric Bus Market, By Battery

11.1.1.1.4       South Africa: Electric Bus Market, By End User

11.1.1.2       Saudi Arabia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1       Saudi Arabia: Electric Bus Market, By Vehicle Type

11.1.1.2.2       Saudi Arabia: Electric Bus Market, By Hybrid Powertrain

11.1.1.2.3       Saudi Arabia: Electric Bus Market, By Battery

11.1.1.2.4       Saudi Arabia: Electric Bus Market, By End User

11.1.1.3       UAE: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1       UAE: Electric Bus Market, By Vehicle Type

11.1.1.3.2       UAE: Electric Bus Market, By Hybrid Powertrain

11.1.1.3.3       UAE: Electric Bus Market, By Battery

11.1.1.3.4       UAE: Electric Bus Market, By End User

11.1.1.4       Rest of MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1       Rest of MEA: Electric Bus Market, By Vehicle Type

11.1.1.4.2       Rest of MEA: Electric Bus Market, By Hybrid Powertrain

11.1.1.4.3       Rest of MEA: Electric Bus Market, By Battery

11.1.1.4.4       Rest of MEA: 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      BYD Company 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      Daimler AG

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      CAF Group (Solaris Bus & Coach)

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

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             MEA Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             MEA: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 6.             South Africa: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Saudi Arabia: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Saudi Arabia: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          UAE: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          UAE: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 13.          UAE: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UAE: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of MEA: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of MEA: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of MEA: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of MEA: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 19.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Electric Bus Market Segmentation

Figure 2.           MEA Electric Bus Market Segmentation – By Country

Figure 3.           MEA Electric Bus Market Overview

Figure 4.           MEA Electric Bus Market, By Vehicle Type

Figure 5.           MEA Electric Bus Market, By Country

Figure 6.           MEA: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           MEA Electric Bus Market: Impact Analysis of Drivers and Restraints

Figure 9.           MEA Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        MEA Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 11.        MEA Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        MEA Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        MEA Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        MEA Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)

Figure 15.        MEA Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        MEA Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        MEA Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        MEA Electric Bus Market Revenue Share, By Battery (2020 and 2028)

Figure 19.        MEA Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        MEA Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        MEA Electric Bus Market Revenue Share, By End User (2020 and 2028)

Figure 22.        MEA Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        MEA Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        MEA: Electric Bus Market, by Key Country – Revenue (2020) (US$ Million)

Figure 25.        MEA: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)

Figure 26.        South Africa: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Saudi Arabia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        UAE: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Rest of MEA: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Some of the leading companies are:

  1. AB Volvo
  2. BYD Company Ltd
  3. CAF Group (Solaris Bus & Coach) 
  4. Daimler AG       
  5. King Long United Automotive Industry Co., Ltd
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