Market Summary
Research methodology on Automotive Electric Bus Market
1. Introduction
The purpose of this research methodology is to provide a consistent, reliable and valid method for the analysis of the Automotive Electric Bus Market report produced by Market Research Future (MRF). This report covers the current market size and potential opportunities in the future. This research methodology is used to support the conclusions obtained and is the basis for the comparison of trends, drivers and restraints in the industry, as well as regional comparisons.
2. Research Proposal and Design
To analyze the Automotive Electric Bus Market report produced by MRFR, a research proposal and design are implemented to provide comprehensive information on the market. The research methodology is designed to account for the qualitative and quantitative data, as well as both primary and secondary sources, necessary to analyze the market. The research proposal includes the following steps:
- A comprehensive literature review of the Automotive Electric Bus Market.
- Market size assessment and an understanding of the competitive landscape.
Market segmentation
- Identification of the industry’s drivers, restraints, and opportunities
- Establishment of key industry trends
- Gathering and analyzing secondary sources relating to the market
- Developing and utilizing data mining techniques for quantitative analysis
- Interviewing industry experts for qualitative insights
- Validation of collected data
3. Data Collection
The data collection process for this research methodology relied heavily on primary and secondary sources. Primary sources include interviews with key players in the industry and expert opinions, while secondary sources include industry reports, research papers and surveys.
A. Primary Data
One of the primary sources of data gathering is interviews with industry experts, such as Automotive Electric Bus (AEB) industry experts, OEMs and suppliers. Interviews consisted of both structured and semi-structured formats, conducted through phone and in-person interviews. Interviews are conducted to gain a deeper understanding of the industry, potential challenges faced by market trends, and growth opportunities.
B. Secondary Data
Industry reports, white papers, research publications, surveys, and news articles concerning the Automotive Electric Bus market are major secondary sources of data. As part of the research, numerous secondary sources are procured and reviewed to develop the data needed for the report's analysis.
4. Sampling Methods
The sampling method used for this research is a nonprobability sampling method. Due to limited resources, the sample size is small, allowing for the collection of data from an industry expert panel through interviews.
5. Data Analysis
Quantitative analysis is used for the analysis of the data collected. Statistical analysis is conducted by analyzing the data against industry norms, historical trends and other lagging indicators of relevance to the Automotive Electric Bus industry.
6. Ethical Considerations
Ethical consideration is taken into account during the research process, as all research projects must ensure that participant confidentiality and data accuracy are maintained. Furthermore, proper regulations, laws and guidelines applicable to the industry and research process are followed.
7. Conclusion
As a result of our research methodology, it can provide a comprehensive assessment of the Automotive Electric Bus Market. This research has produced a detailed understanding of the market trends, drivers, restraints and opportunities. The data collected through the research process is validated and analyzed for the final report. The results of this research are used to produce valuable insights and provide an accurate overview of the industry.
Market Size & Forecast
Attribute/Metric | Details |
Market Size2023 | USD 272309.6 million |
Market Size 2024 | USD 371974.91 million |
Market Size 2032 | USD 4499850 million |
Compound Annual Growth Rate (CAGR) | 36.56% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2019- 2023 |
Market Forecast Units | Value (USD million ) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Propulsion, Length, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
Countries Covered | The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, and Brazil |
Key Companies Profiled | MAN, Volvo, Yutong, BYD, Proterra, VDL GROEP, Mercedes Benz AG, NFI group, EBUSCO, and Zhong tong Bus Holding. |
Key Market Opportunities | Developing EV Charging Infrastructure |
Key Market Dynamics | Government initiatives to encourage adoption of electric buses Low operating cost |
Major Players
Automotive Electric Bus Market Segmentation
Automotive Electric Bus Type Outlook (USD Million, 2018-2032)
- Single-Decker
- Double-Decker
Automotive Electric Bus Propulsion Outlook
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
Automotive Electric Bus Length Outlook
- 6 to 8 m
- 9 to 12 m
- Above 12 m
Automotive Electric Bus Regional Outlook (USD Million, 2018-2032)
-
North America Outlook (USD Million, 2018-2032)
-
North America Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
North America Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
North America Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- US Outlook (USD Million, 2018-2032)
-
US Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
US Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
US Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- CANADA Outlook (USD Million, 2018-2032)
-
CANADA Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
CANADA Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
CANADA Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Mexico Outlook (USD Million, 2018-2032)
-
Mexico Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Mexico Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Mexico Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
-
Europe Outlook (USD Million, 2018-2032)
-
Europe Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Europe Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Europe Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Germany Outlook (USD Million, 2018-2032)
-
Germany Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Germany Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Germany Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- France Outlook (USD Million, 2018-2032)
-
France Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
France Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
France Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- UK Outlook (USD Million, 2018-2032)
-
UK Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
UK Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
UK Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- ITALY Outlook (USD Million, 2018-2032)
-
ITALY Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
ITALY Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
ITALY Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- RUSSIA Outlook (USD Million, 2018-2032)
-
Russia Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Russia Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Russia Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Rest Of Europe Outlook (USD Million, 2018-2032)
-
REST OF EUROPE Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
REST OF EUROPE Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
REST OF EUROPE Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
-
Asia-Pacific Outlook (USD Million, 2018-2032)
-
Asia-Pacific Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Asia-Pacific Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Asia-Pacific Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- China Outlook (USD Million, 2018-2032)
-
China Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
China Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
China Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Japan Outlook (USD Million, 2018-2032)
-
Japan Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Japan Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Japan Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- India Outlook (USD Million, 2018-2032)
-
India Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
India Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
India Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- South Korea Outlook (USD Million, 2018-2032)
-
South Korea Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
South Korea Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
South Korea Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Rest of Asia-Pacific Outlook (USD Million, 2018-2032)
-
Rest of Asia-Pacific Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Rest of Asia-Pacific Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Rest of Asia-Pacific Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
-
Middle East & Africa Outlook (USD Million, 2018-2032)
-
Middle East & Africa Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Middle East & Africa Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Middle East & Africa Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- South America Outlook (USD Million, 2018-2032)
-
South America Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
South America Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
South America Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Brazil Outlook (USD Million, 2018-2032)
-
Brazil Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Brazil Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Brazil Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Argentina Outlook (USD Million, 2018-2032)
-
Argentina Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Argentina Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Argentina Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
- Rest of South America Outlook (USD Million, 2018-2032)
-
Rest of South America Automotive Electric Bus by Type
- Single-Decker
- Double-Decker
-
Rest of South America Automotive Electric Bus by Propulsion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
-
Rest of South America Automotive Electric Bus by Length
- 6 to 8 m
- 9 to 12 m
- Above 12 m
-
Middle East & Africa Automotive Electric Bus by Type
-
Asia-Pacific Automotive Electric Bus by Type
-
Europe Automotive Electric Bus by Type
-
North America Automotive Electric Bus by Type
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