Australia electric bus market is expected
to grow at a formidable rate during the forecast period on account of development
of integrated mobility solutions and increasing public transport, which are likely
to use electric and hybrid buses for optimum functioning. Moreover, the key
reason behind the increasing sales of electric buses are improved miles on a
single charge, reduction in charging time and increasing number of charging
stations all over the region. Additionally, increasing urbanization and rising
levels of pollution leading to global warming are the major concerns due to which
the government of the country is laying emphasis on the extensive use of
electric buses. This factor is further anticipated to fuel the demand for
electric buses across Australia in the coming years.
Australia electric bus market is
segmented based on seating type, battery type, application, bus length, region
and company. Based on seating type, the market can be segmented into up to 30-seater, 31-40-seater and above
40. The up to 30-seater seater segment
accounted for the larger share in the Australia electric bus market due to
preference of smaller buses by the public transport authority. Based on battery
type, the market can be categorized into lead acid and lithium ion. The lithium-ion
battery dominated the market in 2022 and is anticipated to maintain its dominance
over the next 5 years as well owing to their low maintenance, high energy
density and low self-discharge.
The major players operating in the electric
bus market are BYD Australia Co. Ltd., Volgren Australia Pty. Ltd, Transit
Australia Group (TAG), Bustech Pty Ltd. and others. Major companies are
developing advanced technologies and launching new products in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new product developments.
Objective of the Study:
- To analyze and forecast the market size of Australia electric bus market.
- To classify and forecast Australia electric bus market based on seating
capacity, battery type, application, bus length, company and regional distribution.
- To identify drivers and challenges for Australia electric bus
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Australia electric bus
market.
- To conduct pricing analysis for Australia electric bus market.
- To identify dominant region or segment in the Australia electric
bus market.
- To identify and analyze the profile of leading players operating in
Australia electric bus market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of electric bus manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the players which could
not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci
Research calculated the market size of Australia electric bus market by using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
·
Electric bus manufacturers and suppliers
·
Market research and consulting firms
·
Government bodies such as regulating authorities
and policy makers
·
Organizations, forums and alliances related to electric
bus
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historical
Years
|
2018 – 2021
|
|
Estimated
Year
|
2023E
|
|
Forecast
Period
|
2024F – 2028F
|
|
Quantitative
Units
|
Revenue in
USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F
|
|
Report
Coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments
Covered
|
·
Seating
Capacity
·
Battery
Type
·
Application
·
Bus
Length
|
|
Region
Scope
|
Australia
Capital Territory & New South Wales, Northern Territory & Southern
Australia, Western Australia, Queensland, Victoria & Tasmania
|
|
Key
Companies Profiled
|
BYD
Australia Co. Ltd., Volgren Australia Pty. Ltd, Transit Australia Group
(TAG), Bustech Pty Ltd.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Australia electric bus market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Australia Electric Bus Market, By Seating Capacity:
- Up to
30-Seater
- 31-40-Seater
- Above 40
- Australia Electric Bus Market, By Battery Type:
- Australia Electric Bus Market, By
Application:
o Intercity
o Intracity
o Airport Bus
- Australia Electric Bus Market, By
Bus Length:
o 6-8m
o 9-12m
o Above 12m
- Australia Electric Bus Market, By Region:
o
New South Wales
o
Northern Territory
o
Queensland
o
South Australia
o
Tasmania
o
Victoria
o
Western Australia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Australia electric bus market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
o
Detailed
analysis and profiling of additional market players (up to five).
Australia electric bus is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]