U.S. Electric Bus Market Research Report: By Vehicle Type (Battery Electric Bus, Plug-in Hybrid Electric Bus, Hybrid Electric Bus), Length (>40 Feet, <40 Feet), Battery (Lithium-Ion, Nickel-Metal Hydride), Charging Type (Plug-In, Pantograph, Inductive) - Industry Revenue Estimation and Demand Forecast to 2026

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Vehicle Type

1.3.2 Market Segmentation by Length

1.3.3 Market Segmentation by Battery

1.3.4 Market Segmentation by Charging Type

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.3.6.1 Volume

1.3.6.2 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.1.1 Paid

2.1.2 Unpaid

2.1.3 P&S Intelligence Database

2.1.4 Breakdown of Primary Research Respondents

2.1.4.1 By industry participant

2.1.5 Breakdown of Primary Research, by Designation

2.1.5.1 By company type

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Vehicle Type

4.1.1.1 BEB

4.1.1.2 PHEB

4.1.1.3 HEB

4.1.2 By Length

4.1.2.1 > 40 feet

4.1.2.2 < 40 feet

4.1.3 By Battery

4.1.3.1 Li-ion

4.1.3.2 NiMH

4.1.3.3 Others

4.1.4 By Charging Type

4.1.4.1 Plug-In

4.1.4.2 Pantograph

4.1.4.3 Inductive

4.2 Value Chain Analysis

4.3 Electric Bus Funding Scenario

4.4 Market Dynamics

4.4.1 Trends

4.4.1.1 Growing preference for depot charge buses over on-route charge buses

4.4.1.2 Increasing government initiatives

4.4.2 Drivers

4.4.2.1 Environmental benefits

4.4.2.2 Stricter regulatory measures to reduce emissions

4.4.2.3 Long-term economic benefits to transit agencies

4.4.2.4 Availability of local, state, and federal funding toward zero-emission buses

4.4.2.5 Falling battery costs and improving operational efficiencies

4.4.2.6 Impact analysis of drivers on market forecast

4.4.3 Restraints

4.4.3.1 High capital costs of the buses and infrastructure

4.4.3.2 Impact analysis of restraints on market forecast

4.4.4 Opportunities

4.4.4.1 School buses

4.4.4.2 Increasing replacement sales

4.5 Porter’s Five Forces Analysis

4.5.1 Bargaining Power of Buyers

4.5.2 Bargaining Power of Suppliers

4.5.3 Threat of New Entrants

4.5.4 Intensity of Rivalry

4.5.5 Threat of Substitutes

4.6 COVID-19 Impact on U.S. Electric Bus Industry

Chapter 5. U.S. Market Size and Forecast

5.1 By Vehicle Type

5.2 By Length

5.3 By Battery

5.4 By Charging Type

5.5 Major Electric Bus Deployment Initiatives

5.6 Electric Buses in Service and on Order, by State

Chapter 6. Policy and Regulatory Landscape for Electric Bus

6.1 Electric Buses

6.1.1 Overview

6.1.2 Incentive Schemes and Programs

6.1.2.1 Alabama

6.1.2.2 California

6.1.2.3 Colorado

6.1.2.4 Maryland

6.1.2.5 Massachusetts

6.1.2.6 Minnesota

6.1.2.7 Missouri

6.1.2.8 Nevada

6.1.2.9 New York

6.1.2.10 Ohio

6.1.2.11 Pennsylvania

6.1.2.12 Rhode Island

6.1.2.13 Texas

6.1.2.14 Utah

6.1.2.15 Virginia

6.1.2.16 Washington

6.2 Electric Bus Projects in the Pipeline

Chapter 7. Competitive Landscape

7.1 Market Share Analysis of Key Players

7.2 Product Benchmarking of Key Players

7.3 Strategic Developments of Key Players

7.3.1 Client Wins

7.3.2 Partnerships

7.3.3 Geographic Expansions

7.3.4 Other Developments

Chapter 8. Company Profiles

8.1 Proterra Inc.

8.1.1 Business Overview

8.1.2 Product and Service Offerings

8.2 BYD Motors Inc.

8.2.1 Business Overview

8.2.2 Product and Service Offerings

8.3 NFI Group Inc.

8.3.1 Business Overview

8.3.2 Product and Service Offerings

8.3.3 Key Financial Summary

8.4 GreenPower Motor Company Inc.

8.4.1 Business Overview

8.4.2 Product and Service Offerings

8.4.3 Key Financial Summary

8.5 GILLIG LLC

8.5.1 Business Overview

8.5.2 Product and Service Offerings

8.6 Blue Bird Corporation

8.6.1 Business Overview

8.6.2 Product and Service Offerings

8.6.3 Key Financial Summary

8.7 AB Volvo

8.7.1 Business Overview

8.7.2 Product and Service Offerings

8.7.3 Key Financial Summary

8.8 The Lion Electric Co.

8.8.1 Business Overview

8.8.2 Product and Service Offerings

8.9 Daimler AG

8.9.1 Business Overview

8.9.2 Product and Service Offerings

8.9.3 Key Financial Summary

8.10 REV Group Inc.

8.10.1 Business Overview

8.10.2 Product and Service Offerings

8.10.3 Key Financial Summary

Chapter 9. Appendix

9.1 Abbreviations

9.2 Sources and References

9.3 Related Reports

 

List of Tables

 

TABLE 1 ANALYSIS PERIOD OF THE STUDY

TABLE 2 MANUFACTURERS’ MAINTENANCE SAVINGS CLAIMS

TABLE 3 BATTERY PRICE TRENDS (2016–2024)

TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 5 AVERAGE PRICE COMPARISON OF BEB AND HEB WITH DIESEL AND CNG BUS, $

TABLE 6 ELECTRIC BUS CHARGING INFRASTRUCTURE COST ESTIMATES

TABLE 7 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 8 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2017–2021)

TABLE 9 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2022–2026)

TABLE 10 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2017–2021)

TABLE 11 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2022–2026)

TABLE 12 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2017–2021)

TABLE 13 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2022–2026)

TABLE 14 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2017–2021)

TABLE 15 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2022–2026)

TABLE 16 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2017–2021)

TABLE 17 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2022–2026)

TABLE 18 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2017–2021)

TABLE 19 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2022–2026)

TABLE 20 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2017–2021)

TABLE 21 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2022–2026)

TABLE 22 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2017–2021)

TABLE 23 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2022–2026)

TABLE 24 LOW- OR NO-EMISSION ELECTRIC BUS PROJECTS FY 2021

TABLE 25 ELECTRIC BUSES IN SERVICE AND ON ORDER, BY STATE (2020)

TABLE 26 CALIFORNIA VOLUNTARY VEHICLE RETIREMENT INCENTIVE PROGRAM

TABLE 27 ALLOCATIONS FOR FY 2021–2022 AND SUBSEQUENT FISCAL YEARS (IN MILLIONS)

TABLE 28 NEW YORK ALTERNATIVE FUEL AND ADVANCED VEHICLE PURCHASE VOUCHER SCHEME

TABLE 29 UTAH ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM

TABLE 30 WASHINGTON ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM

TABLE 31 ELECTRIC BUS PROJECTS IN THE PIPELINE

TABLE 32 PROTERRA INC. – AT A GLANCE

TABLE 33 BYD MOTORS INC. – AT A GLANCE

TABLE 34 NFI GROUP INC. – AT A GLANCE

TABLE 35 NFI GROUP INC. – KEY FINANCIAL SUMMARY

TABLE 36 GREENPOWER MOTOR COMPANY INC. – AT A GLANCE

TABLE 37 GREENPOWER MOTOR COMPANY INC. – KEY FINANCIAL SUMMARY

TABLE 38 GILLIG LLC – AT A GLANCE

TABLE 39 BLUE BIRD CORPORATION – AT A GLANCE

TABLE 40 BLUE BIRD CORPORATION – KEY FINANCIAL SUMMARY

TABLE 41 AB VOLVO – AT A GLANCE

TABLE 42 AB VOLVO – KEY FINANCIAL SUMMARY

TABLE 43 THE LION ELECTRIC CO. – AT A GLANCE

TABLE 44 DAIMLER AG – AT A GLANCE

TABLE 45 DAIMLER AG – KEY FINANCIAL SUMMARY

TABLE 46 REV GROUP INC. – AT A GLANCE

TABLE 47 REV GROUP INC.– KEY FINANCIAL SUMMARY

 

List of Figures

 

FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT

FIG 2 RESEARCH METHODOLOGY

FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT

FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION

FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE

FIG 6 DATA TRIANGULATION APPROACH

FIG 7 U.S. ELECTRIC BUS MARKET SUMMARY

FIG 8 VALUE CHAIN ANALYSIS

FIG 9 ELECTRIC BUS FUNDING SCENARIO (2021)

FIG 10 FEDERAL LOW OR NO-EMISSION (LOW-NO) BUS PROGRAM GRANTS, $M (2016–2021)

FIG 11 U.S. SCHOOL BUS SALES (2010–2020)

FIG 12 BARGAINING POWER OF BUYERS

FIG 13 BARGAINING POWER OF SUPPLIERS

FIG 14 THREAT OF NEW ENTRANTS

FIG 15 INTENSITY OF RIVALRY

FIG 16 THREAT OF SUBSTITUTES

FIG 17 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2017–2026)

FIG 18 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2017–2026)

FIG 19 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2017–2026)

FIG 20 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2017–2026)

FIG 21 U.S. BATTERY ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2020)

FIG 22 U.S. HYBRID ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2020)

FIG 23 PRODUCT BENCHMARKING OF KEY PLAYERS

FIG 24 NFI GROUP INC. – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)

FIG 25 GREENPOWER MOTOR COMPANY INC. – REVENUE SPLIT BY GEOGRAPHY (2021)

FIG 26 BLUE BIRD CORPORATION – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)

FIG 27 AB VOLVO – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)

FIG 28 DAIMLER AG – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)

FIG 29 REV GROUP INC. – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)