New Energy Buses Market:
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the New Energy Buses market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
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According to QYR analysis and survey, China’s new energy vehicle sales in 2019 was 1.206 million units. Covid-2019 epidemic leads to short-term pressure on new energy vehicle production and sales, with the gradual recovery of the epidemic, it is expected that the year-on-year growth rate of China’s new energy vehicle industry will exceed 50% in 2020. China is the largest production region in the world. Since 2015, China’s new energy bus sales have shown explosive growth. In the first quarter of 2019, China’s new energy bus sales were 16,000 units, a YoY increase of 135%, and continued to maintain a high growth rate. With the further implementation of public bus electrification policies in the future, by 2020 China’s bus electrification rate is expected to exceed 70%.
Due to the European and American carbon emissions policies are becoming more stringent. It is estimated that electric vehicle sales in Europe will reach 800,000 in 2020, the growth rate is about 43%, and the compound growth rate of new energy vehicles in 2019-2025 will reach 44%.
This report also analyses the impact of Coronavirus COVID-19 on the New Energy Buses industry.
Based on our recent survey, we have several different scenarios about the New Energy Buses YoY growth rate for 2020. The probable scenario is expected to grow by a 14.75% in 2020 and the revenue will be US$ 12102 in 2020 from US$ 11071 million in 2019. The market size of New Energy Buses will reach US$ 58732 in 2026, with a CAGR of 30.12% from 2020 to 2026.
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Based on type, the New Energy Buses market is primarily split into Pure Electric Buses and Hybrid electric Buses. In 2019, the market was lead by Pure Electric Buses which sales in market was around 95500 Units while the sales market share in New Energy Buses was 89.2%, it is expected that Pure Electric Buses will continue to dominate the market in the next few years.
Segment by Application mainly include Public Transit, Highway Transportation and Other applications. The most important downstream of New Energy Buses is Public Transit.
Global leading manufacturers/players of New Energy Bus are Yutong, BYD, Proterra DFAC, Foton,
King Long, Zhong Tong, ANKAI, SAIC, Guangtong, Nanjing Gold Dragon and Daimler, etc.
The electric substitution of buses plays an important role in energy conservation and emission reduction, so it has been promoted by local governments. The price is relatively high than the price of the traditional bus, but due to the government ’s support, the price has a certain decrease. The most important technology of the electric bus is in the battery. The battery’s power density is relatively low, and it can’t meet the consumer’s demand. The company who gets the key technology of battery will get an advantage in the electric bus industry.
Table of Contents
1 New Energy Buses Market Overview
2 Market Competition by Manufacturers
3 Production Capacity by Region
4 Global New Energy Buses Consumption by Regions
5 Production, Revenue, Price Trend by Type
6 Global New Energy Buses Market Analysis by Application
7 Company Profiles and Key Figures in New Energy Buses Business
8 New Energy Buses Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2021-2026)
14 Research Finding and Conclusion
15 Methodology and Data Source
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