LONDON—Technavio has announced the top five leading vendors for the global electric bus market in their latest research report. This report also lists five other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, Technavio researchers have considered the sales of only pure electric buses. The market size is calculated in terms of revenue and units sold.

The report is based on charging types:

  • Autonomous: This segment includes electric buses that use a self-charging technology, where the battery receives electricity wirelessly
  • Non-autonomous: This segment includes electric buses that require charging the hardware to supply electricity to the battery

Request sample report: http://bit.ly/26tuyfF

“Partnerships among public and private bodies, electric bus manufacturers, and battery providers will play a crucial role in the electrification of public transport. Huge investments are required for this initiative and to make electric buses more efficient and reliable. As a result, external funding, partnerships, joint ventures, and investments in the electric bus industry are growing,” said Abhay Sinha, one of Technavio’s lead analysts for automotive manufacturing research.

“With increasing competition among electric bus manufacturers, it is expected that over the forecast period the market will likely witness rapid innovation and a subsequent launch of many new products. As new players constantly enter this lucrative market, the forecast predicts intensified market competition during the forecast period,” added Abhay.

Top five leading vendors in the global electric bus market:

BYD

BYD was founded in 1995 and is headquartered in Shenzhen, China. The company has expertise in fields like energy, automobile, and IT and also supplies rechargeable batteries worldwide.

Some of the key subsidiaries of the company include BYD Europe, BYD America, BYD Japan, BYD Electronic Hungary, Shanghai BYD Company, BYD (Shangluo) Industry, and BYD Electronic Component.

The company through its subsidiary, BYD Auto, manufactures electric and hybrid passenger cars. The primary business activity of this subsidiary is to sell passenger cars and buses. As of December 2015, the automobiles product category had made 50% revenue from the total revenue.

Ebus

Ebus was founded in 1998 and is headquartered in Downey, California, US. The company manufactures a broad range of electric buses and related services such as retrofit to its customers across the US.

Ebus is among the major vendors producing and supplying electric buses to the automotive and transit industry across the world. It has a wide range of products and services, which has enabled the company in boosting its reputation in the electric bus market.

Proterra

Proterra, founded in 2004, is headquartered in Burlingame, California, US, and they primarily into manufacturing and assembling of complete trucks, commercial cars and buses, passenger automobiles, and special-purpose motor vehicles, used for highways. The company also manufactures fast-charge, on-route, and in-depot systems for customers across the US.

Wuzhoulong

Wuzhoulong, founded in 1987, is headquartered in Shenzhen, China. The company manufactures different series of buses and operates as a subsidiary of Sichuan Western Resources Holding. Wuzhoulong sells its products in various provinces and cities in China, including Macau, as well as Hong Kong, and markets such as the US, South America, the Middle East, Africa, and internationally. The company has three branch offices in Chongqing, Shenyang, and Guangdong Jieyang.

The Wuzhoulong new energy bus accounts for over 75% of its revenues that also includes 20 double-decker hybrid buses, 1,350 single-decker hybrid buses, 26 pure electric middle buses, 60 fuel cell site buses, 53 electric buses, and two fuel cell buses.

Yutong

Yutong, headquartered in Henan Province, China, is an industrial group that specializes in manufacturing a variety of buses. It is also involved in the construction machinery, automotive parts and components, and real estate businesses.

Yutong's sales volume of large and medium-sized buses has a market share of about 30% in China and 10% worldwide. The company's principal operating company, Zhengzhou Yutong Bus, specializes in the R&D, manufacturing, and sales of buses and related products. In 2012, the company commenced operations of its new energy buses facility in Henan Province, which has an annual production capacity of 30,000 units. The company manufactures hybrid and gas buses in this facility.

Browse related reports:

  • Electric Bus Market in China 2015-2019
  • Global Electric Vehicle Charger Market 2016-2020
  • Global Connectors Market 2016-2020
  • Global Battery Electric Vehicles Market 2015-2019

Purchase any three reports from our library for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com