According to our latest market study on “Electric Bus Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Vehicle Type, Hybrid Powertrain, Battery, End User, and Application,” the Electric Bus market was valued at US$ 29,179.51 million in 2021 and is projected to reach US$ 105,808.15 million by 2028; it is expected to grow at a CAGR of 20.2% from 2021 to 2028.

BYD Company Limited, AB Volvo, Daimler, Proterra, Solaris Bus & Coach S.A are the five key market players operating in the global Electric Bus market. United Automotive Industry Co., Ltd, Shenzhen Wuzhoulong Motors Co., Ltd, EBUSCO, NFI Group Inc are few other notable players that are profiled in this market study. In addition to these players, multiple other leading global, regional & local market players, emerging companies, market disruptors and niche market players were studied and analyzed during the course of this study to gather a holistic view of the market. The global Electric Bus market includes companies operating in a wide range of product portfolio. Each category has some well-established key players and owing to different markets in which they operate and compete it is not feasible to determine key five players in the overall Electric Bus market. However, based on parameters such as overall revenue, brand image, current Electric Bus product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.

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The electric bus market is segmented on the basis of vehicle type, hybrid powertrain, battery, end user, and geography. Based on vehicle type, the market is segmented into battery electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery electric bus segment led the electric bus market with a share of 93.5% in 2020 and expected to account for 95.3% of the total market by 2028. Based on hybrid powertrain, the market is segmented into series parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment led the electric bus market with a share of 64.3% in 2020 and is expected to garner 63.6% share by 2028.

The global electric bus market is segmented on the basis of by vehicle type, hybrid powertrain, battery, end user, and geography. On the basis of vehicle type the market is segmented as battery electric bus, hybrid electric bus and plug-in hybrid electric bus. On the basis of hybrid powertrain, the market is segmented as series parallel hybrid, parallel hybrid and series hybrid. On the basis of battery, the market is segmented as lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). On the basis of end user the market is segmented as public, and private.

King Long United Automotive Industry Co. Ltd; AB Volvo; Shenzhen Wuzhoulong Motors Co., Ltd; BYD Company Limited; Daimler; AGAlexander Dennis Limited; EBUSCO; Proterra Solaris Bus & Coach S.A; and NFI Group Inc are among the leading companies operating in the global electric bus market. 

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