Global Bus Growth Opportunities

Global Bus Growth Opportunities

Growth Strategies to Aid the Recovery of the Bus Market by 16.1% in 2021

RELEASE DATE
07-Sep-2021
REGION
North America
Research Code: K5D9-01-00-00-00
SKU: AU02222-NA-MT_25756
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02222-NA-MT_25756
$4,950.00
DownloadLink
ENQUIRE NOW

Description

COVID-19 has had a global impact, with governments resorting to national lockdowns and social distancing measures to mitigate the spread of the virus. The result was a large-scale drop in business confidence, consumer demand, and industrial production, leading to a global economic recession in 2020. A large number of workplaces closed indefinitely or implemented remote working arrangements. The concerns over public health and safety reduced travel volumes as well as public transit ridership. However, with vaccination drives underway across the globe, ridership is expected to increase in 2021–22. In developing countries, a majority of the population working in the informal sector is highly dependent on public transport for their daily commute. This is expected to drive the growth of the transit bus segment.

The size of the global bus market in 2020 was ~175,745 units and is expected to grow to ~204,048 units in 2021 with a compound annual growth rate (CAGR) of 16.1%.

Zero-emission powertrains in transit buses have gained momentum across Europe and China. The EU Clean Vehicle directive for EU countries will boost electric bus adoption. The extension of subsidies in China till 2022 accelerated the growth of new energy buses in the second half of 2020. Additionally, Chinese electric bus OEMs are rapidly expanding globally, with the establishment of manufacturing and assembly plants, in addition to exports. In Latin America, some countries are developing electro-mobility strategies promoting zero-emission buses in public transportation. Chinese OEMs have also established regional production bases to tap into LATAM. In the coach segment, diesel powertrain is dominant, though natural gas and fuel cells are attractive with the development of fuelling infrastructure.

Though plummeting demand pushed oil prices into the negative territory in 2020, oil prices are set to rise in 2021 and expedite the adoption of alternative powertrains. Traditional OEMs across various regions are expanding their product portfolios to include battery electric and fuel cell buses in the transit segment. The market is witnessing strong collaborations among incumbent automakers, suppliers, and new players striving to enter the market. The relatively low total cost of ownership of electric buses, when compared to diesel buses, and the push for developing charging infrastructure will make electric buses a profitable option from 2024 to 2026.

Author: Saideep Sudhakar

Table of Contents

Key Highlights of the Global Bus Industry

Snapshot of Bus Market by Region in 2021

Global Bus Powertrain Outlook

Impact of COVID-19 on Key Regions and Recovery—Bus Market

Top Predictions for 2021

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Bus Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

Product and Technology Segmentation

COVID-19 Impact on World GDP Growth

Global Growth Scenario Analysis—Assumptions

World GDP Growth Under Differing Scenarios

COVID-19 Impact on Key Regions

Global Bus Market Forecast—Overview

Global Transit and Coach Bus Market Forecast by Region

2020 Bus OEM Sales Performance

2021 Powertrain Technology Forecast—Global Bus Market

Key Trends in the Region

Public Transit Operational Funding & APTA Ridership Trends

Impact of COVID-19 on Bus Sales

Emission Standards and EV Incentives and Subsidies

Powertrain Technology Split

OEM Powertrain Technology Platforms

High-capacity Driverless Vehicle Initiatives—North America

Key Trends in the Region

COVID-19 Impact

Emission Standards and EV Incentives and Subsidies

Powertrain Technology Split

OEM Powertrain Technology Platforms

OEM Powertrain Technology Platforms (continued)

High-capacity Driverless Vehicle Initiatives—Europe

Key Trends in the Region

COVID-19 Impact

Emission Standards and EV Incentives and Subsidies

Powertrain Technology Split

OEM Powertrain Technology Platforms

High-capacity Driverless Vehicle Initiatives in China

Key Trends in the Region

Impact of COVID-19

Emission Standards and EV Incentives and Subsidies

Powertrain Technology Split

OEM Powertrain Technology Platforms

Key Trends in the Region

COVID-19 Impact

Emission Standards and EV Incentives and Subsidies

Powertrain Technology Split

OEM Powertrain Technology Platforms

Parameters/Assumptions—Transit Bus, North America

Diesel, NG, Electric, Fuel Cell Transit Bus Operational CPM Comparison

Operational Cost/Mile—Diesel, Electric, NG, Fuel Cell

Growth Opportunity 1—Move Towards Cleaner and Zero-emission Transportation Through Electrification

Growth Opportunity 1—Move Towards Cleaner and Zero-emission Transportation Through Electrification (continued)

Growth Opportunity 2—Development in Advanced Connectivity and Safety Features in Commercial Mobility

Growth Opportunity 2—Development in Advanced Connectivity and Safety Features in Commercial Mobility (continued)

Growth Opportunity 3—Identify and Map the Opportunity Landscape for Fuel Cell buses Across Segments and Different Use Cases

Growth Opportunity 3—Identify and Map the Opportunity Landscape for Fuel Cell buses Across Segments and Different Use Cases (continued)

Key Conclusions

Key Conclusions and Future Outlook

Abbreviations and Acronyms

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
COVID-19 has had a global impact, with governments resorting to national lockdowns and social distancing measures to mitigate the spread of the virus. The result was a large-scale drop in business confidence, consumer demand, and industrial production, leading to a global economic recession in 2020. A large number of workplaces closed indefinitely or implemented remote working arrangements. The concerns over public health and safety reduced travel volumes as well as public transit ridership. However, with vaccination drives underway across the globe, ridership is expected to increase in 2021–22. In developing countries, a majority of the population working in the informal sector is highly dependent on public transport for their daily commute. This is expected to drive the growth of the transit bus segment. The size of the global bus market in 2020 was ~175,745 units and is expected to grow to ~204,048 units in 2021 with a compound annual growth rate (CAGR) of 16.1%. Zero-emission powertrains in transit buses have gained momentum across Europe and China. The EU Clean Vehicle directive for EU countries will boost electric bus adoption. The extension of subsidies in China till 2022 accelerated the growth of new energy buses in the second half of 2020. Additionally, Chinese electric bus OEMs are rapidly expanding globally, with the establishment of manufacturing and assembly plants, in addition to exports. In Latin America, some countries are developing electro-mobility strategies promoting zero-emission buses in public transportation. Chinese OEMs have also established regional production bases to tap into LATAM. In the coach segment, diesel powertrain is dominant, though natural gas and fuel cells are attractive with the development of fuelling infrastructure. Though plummeting demand pushed oil prices into the negative territory in 2020, oil prices are set to rise in 2021 and expedite the adoption of alternative powertrains. Traditional OEMs across various regions are expanding their product portfolios to include battery electric and fuel cell buses in the transit segment. The market is witnessing strong collaborations among incumbent automakers, suppliers, and new players striving to enter the market. The relatively low total cost of ownership of electric buses, when compared to diesel buses, and the push for developing charging infrastructure will make electric buses a profitable option from 2024 to 2026. Author: Saideep Sudhakar--BEGIN PROMO--

KEY ISSUES ADDRESSED

  • The size of the global bus industry in 2020 and impact of COVID-19 on the market in various regions?
  • How is the global bus  industry expected to recover in 2021 in terms of volumes and key drivers for growth in different regions?
  • Projected penetration of key powertrain technologies across different regions?
  • Top OEM performers in 2020 and their powertrain strategy in future across different regions?
  • Key trends and activities in the field of autonomous buses in select regions?
More Information
No Index No
Podcast No
Author Saideep Sudhakar
Industries Automotive
WIP Number K5D9-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9B01-A6,9963-A6,9965-A6