Electric School Bus Market Share 2022, Growth, Industry Size and Forecast to 2027

by George Poter Market Analyst

IMARC Group’s latest research report, titled “Global Electric School Bus Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global electric school bus market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.

An electric school bus is an electric vehicle (EV) that runs on electric power as opposed to conventional school buses, which run on diesel, propane, gasoline, compressed natural gas (CNG), etc. It helps save money on operating costs, creates new jobs in green manufacturing, provides valuable storage for renewable energy through vehicle-to-grid (V2G) technologies, etc. As such, electric buses are widely used by schools to sell excess electricity to utility providers and generate additional revenue.

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Important Attribute and highlights of the Report:

§ Detailed analysis of the global market share

§ Market Segmentation by type, capacity design type, sales channel, application and region.

§ Historical, current, and projected size of the market in terms of volume and value

§ Latest industry trends and developments

§ Competitive Landscape for electric school bus market

§ Strategies of major players and product offerings

The escalating fuel prices and traffic congestion levels across the globe are among the key factors driving the electric school bus market. In addition to this, these buses help connect socially excluded students who are living in far-flung areas with urban educational facilities. This, in turn, is further catalyzing the market growth. Moreover, as they are operated by professional drivers, buses usually have a lower accident rate when compared to other vehicles, which is also positively influencing the global market. Besides this, the introduction of smart traffic lights (STL) management systems in order to reduce road congestion is acting as another growth-inducing factor. In line with this, the launch of favorable policies by government bodies aimed at propelling the adoption of electric buses to reduce the emissions of greenhouse (GHGs) gases is also stimulating the market growth. Furthermore, the elevating popularity of concessionary travel bus passes and the rising usage of Big Data solutions to optimize routes, vehicle dispatch times, schedules, etc., are expected to bolster the electric school bus market in the coming years.

Key Players Included in Global Research Report:

· Beiqi Foton Motor Co. Ltd. (Beijing Automotive Group Co. Ltd.)

· Blue Bird Corporation

· BYD Company Ltd.

· Collins Bus Corporation (REV Group Inc.)

· Dominion Energy Inc.

· Mercedes-Benz Group AG

· Navistar International Corporation (Traton Group)

· The Lion Electric Company.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Segmentation:

Breakup by Type:

Battery Electric School Bus
Hybrid School Bus

Breakup by Capacity Design Type:

Type A
Type C
Type D

Breakup by Sales Channel:

Direct Sales
Distributor

Breakup by Application:

Preschool Education
Primary School
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

TOC for the Electric School Bus Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Electric School Bus Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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