North America Electric Bus Market
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 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.
Strategic insights for the North America Electric Bus provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 756.45 Million |
| Market Size by 2028 | US$ 2,539.40 Million |
| Global CAGR (2021 - 2028) | 18.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Vehicle Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Electric Bus refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Electric Bus Market is valued at US$ 756.45 Million in 2021, it is projected to reach US$ 2,539.40 Million by 2028.
As per our report North America Electric Bus Market, the market size is valued at US$ 756.45 Million in 2021, projecting it to reach US$ 2,539.40 Million by 2028. This translates to a CAGR of approximately 18.9% during the forecast period.
The North America Electric Bus Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Electric Bus Market report:
The North America Electric Bus Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Electric Bus Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Electric Bus Market value chain can benefit from the information contained in a comprehensive market report.
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