South America Electric Bus Market Forecast to 2028 – COVID

South America Electric Bus Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Vehicle Type (Battery Electric Bus, Hybrid electric Bus, and Plug-in Hybrid Electric Bus), Hybrid Powertrain (Series Parallel Hybrid, Parallel Hybrid, and Series Hybrid), Battery [Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC)], and End User (Public and Private)

Report Code : BMIRE00025587 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 10/Aug/2022

The South America electric bus market is expected to grow from US$ 143.25 million in 2021 to US$ 359.75 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2021 to 2028

Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are increasingly used in electric buses. Batteries made of lithium-ion phosphate are both cost-effective and robust. The average price of these batteries is a significant benefit for automakers. Due to their speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. To meet the growing demand for longer drives, market participants are implementing technical improvements to improve the operational efficiency of batteries. This will increase electric bus sales. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Furthermore, the production of high-density nickel, manganese, and cobalt (NMC) batteries is subject to significant intellectual property rights. Moreover, LFP batteries avoid the risk of litigation and simultaneously promote domestic battery suppliers over competitors such as LG Chem and Samsung. Thus, the rising production of low-cost lithium ion-phosphate batteries is expected to drive the demand for electric buses across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America electric bus market . The South America electric bus market is expected to grow at a good CAGR during the forecast period.

South America Electric Bus Market Revenue and Forecast to 2028 (US$ Million)

South America Electric Bus Market Segmentation

The South America electric bus market is segmented based on vehicle type, hybrid powertrain, battery, end user, and country. Based on vehicle type, the market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment dominated the market in 2021. Based on hybrid powertrain, the market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment dominated the market in 2021. Based on battery, the market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment dominated the market in 2021. Based on end user, the market is bifurcated into public and private. The public segment dominated the market in 2021. Based on country, the South America electric bus market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2021.

AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; and Shenzhen Wuzhoulong Motors Co., Ltd are among the leading companies in the South America electric bus market.

At 14.1% CAGR, the SAM Electric Bus Market is speculated to be worth US$ 359.75 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the SAM electric bus market was valued at US$ 143.25 million in 2021 and is expected to reach US$ 359.75 million by 2028, registering an annual growth rate of 14.1% from 2021 to 2028. Emergence of autonomous and semi-autonomous transportation systems and rising production of low-cost lithium ion-phosphate batteries are the critical factors attributed to the market expansion.

Autonomous and semi-autonomous transportation systems have emerged due to advancements in instrumentation, actuation, and sensing technologies. Light detection and ranging (LiDAR), odometer, a global positioning system (GPS), and computer-aided vision are all advancements that let autonomous buses perceive their environment. Autonomous driving has gained popularity in the electric bus industry due to advanced technology (more predictable transit times) and lower fuel, labor, and maintenance costs. Original equipment manufacturers (OEMs) embrace autonomous driving and create autonomous bus shuttles. For instance, the first full-sized self-driving urban electric bus has arrived in the region. Cities will soon be home to electric and self-driving buses. SAMnwhile, a multinational company, Huawei has built a 4 km test track for self-driving buses. Thus, the emergence of autonomous and semi-autonomous transportation systems is expected to drive the electric bus market in the near future across the region.

On the contrary, high initial and development cost hurdles the growth of SAM electric bus market.

Based on vehicle type, the SAM electric bus market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment held 98.2% market share in 2021, amassing US$ 140.70 million. It is projected to garner US$ 353.96 million by 2028 to expand at 14.1% CAGR during 2021–2028.

Based on hybrid powertrain, the SAM electric bus market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment held 65.4% market share in 2021, amassing US$ 93.63 million. It is projected to garner US$ 234.72 million by 2028 to expand at 14.0% CAGR during 2021–2028.

Based on battery, the SAM electric bus market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment held 90.3% market share in 2021, amassing US$ 129.38 million. It is projected to garner US$ 326.81 million by 2028 to expand at 14.2% CAGR during 2021–2028.

Based on end user, the SAM electric bus market is bifurcated into public and private. The public segment held 94.1% market share in 2021, amassing US$ 134.75 million. It is projected to garner US$ 334.09 million by 2028 to expand at 13.9% CAGR during 2021–2028.

Based on country, the SAM electric bus market is segmented into Brazil, Agrnetina, and rest of SAM. Our regional analysis states that Brazil captured 86.1% market share in 2021. It was assessed at US$ 123.29 million in 2021 and is likely to hit US$ 314.74 million by 2028, exhibiting a CAGR of 14.3% during the forecast period.

Key players dominating the SAM electric bus market are AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; and Shenzhen Wuzhoulong Motors Co., Ltd among others.

In 2021, Volvo Buses is expanding its electromobility offering around the region. Volvo Buses now offers a solid platform for sustainable and efficient public transportation in cities around the region and reliable and profitable operations for customers, with the introduction of the new Volvo BZL Electric chassis.

In 2021, Daimler AG offered the next generation of batteries to eCitaro in 2021; in the end of 2020, eCitaro has available with solid-state batteries (lithium-polymer batteries). In 2022, a range extender for the battery bus will be available (hydrogen-based fuel cell will provide the high-voltage battery with power). In 2020, an articulated bus model variant of the eCitaro will be available.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 SAM Electric Bus Market – By Vehicle Type

1.3.2 SAM Electric Bus Market – By Hybrid Powertrain

1.3.3 SAM Electric Bus Market – By Battery

1.3.4 SAM Electric Bus Market – By End User

1.3.5 SAM Electric Bus Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Electric Bus Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Electric Bus Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Demand for Hydrogen Fuel Bus

5.1.2 Stringent Government Emission Regulations

5.2 Market Restraints

5.2.1 High Initial and Development Cost

5.3 Market Opportunities

5.3.1 Rising Production of Low-cost Lithium ion-Phosphate Batteries

5.4 Future Trends

5.4.1 Emergence of Autonomous and Semi-Autonomous Transportation Systems

5.5 Impact Analysis of Drivers and Restraints

6. Electric Bus Market – SAM Analysis

6.1 SAM Electric Bus Market Overview

6.2 SAM Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

7. SAM Electric Bus Market Analysis – By Vehicle Type

7.1 Overview

7.2 SAM Electric Bus Market, By Vehicle Type (2020 and 2028)

7.3 Battery Electric Bus

7.3.1 Overview

7.3.2 Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Hybrid Electric Bus

7.4.1 Overview

7.4.2 Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Plug-in Hybrid Electric Bus

7.5.1 Overview

7.5.2 Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

8. SAM Electric Bus Market Analysis – By Hybrid Powertrain

8.1 Overview

8.2 SAM Electric Bus Market, By Hybrid Powertrain (2020 and 2028)

8.3 Series Parallel Hybrid

8.3.1 Overview

8.3.2 Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Parallel Hybrid

8.4.1 Overview

8.4.2 Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Series Hybrid

8.5.1 Overview

8.5.2 Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

9. SAM Electric Bus Market Analysis – By Battery

9.1 Overview

9.2 SAM Electric Bus Market, By Battery (2020 and 2028)

9.3 Lithium Iron Phosphate (LFP)

9.3.1 Overview

9.3.2 Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Lithium Nickel Manganese Cobalt Oxide (NMC)

9.4.1 Overview

9.4.2 Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

10. SAM Electric Bus Market Analysis – By End User

10.1 Overview

10.2 SAM Electric Bus Market, By End User (2020 and 2028)

10.3 Public

10.3.1 Overview

10.3.2 Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Private

10.4.1 Overview

10.4.2 Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11. SAM Electric Bus Market – Country Analysis

11.1 Overview

11.1.1 SAM: Electric Bus Market, by Key Country

11.1.1.1 Brazil: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 Brazil: Electric Bus Market, By Vehicle Type

11.1.1.1.2 Brazil: Electric Bus Market, By Hybrid Powertrain

11.1.1.1.3 Brazil: Electric Bus Market, By Battery

11.1.1.1.4 Brazil: Electric Bus Market, By End User

11.1.1.2 Argentina: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Argentina: Electric Bus Market, By Vehicle Type

11.1.1.2.2 Argentina: Electric Bus Market, By Hybrid Powertrain

11.1.1.2.3 Argentina: Electric Bus Market, By Battery

11.1.1.2.4 Argentina: Electric Bus Market, By End User

11.1.1.3 Rest of SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 Rest of SAM: Electric Bus Market, By Vehicle Type

11.1.1.3.2 Rest of SAM: Electric Bus Market, By Hybrid Powertrain

11.1.1.3.3 Rest of SAM: Electric Bus Market, By Battery

11.1.1.3.4 Rest of SAM: Electric Bus Market, By End User

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Development

13. Company Profiles

13.1 AB Volvo

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 King Long United Automotive Industry Co., Ltd

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Shenzhen Wuzhoulong Motors Co., Ltd

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 BYD Company Ltd

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Daimler AG

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 CAF Group (Solaris Bus & Coach)

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1.             SAM Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             SAM: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Brazil: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Brazil: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Brazil: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Argentina: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Argentina: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Argentina: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Argentina: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of SAM: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of SAM: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of SAM: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of SAM: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           SAM Electric Bus Market Segmentation

Figure 2.           SAM Electric Bus Market Segmentation – By Country

Figure 3.           SAM Electric Bus Market Overview

Figure 4.           SAM Electric Bus Market, By Vehicle Type

Figure 5.           SAM Electric Bus Market, By Country

Figure 6.           SAM: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           SAM Electric Bus Market: Impact Analysis of Drivers and Restraints

Figure 9.           SAM Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        SAM Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 11.        SAM Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        SAM Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        SAM Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        SAM Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)

Figure 15.        SAM Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        SAM Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        SAM Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        SAM Electric Bus Market Revenue Share, By Battery (2020 and 2028)

Figure 19.        SAM Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        SAM Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        SAM Electric Bus Market Revenue Share, By End User (2020 and 2028)

Figure 22.        SAM Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        SAM Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        SAM: Electric Bus Market, by Key Country – Revenue (2020) (US$ Million)

Figure 25.        SAM: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)

Figure 26.        Brazil: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Argentina: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Rest of SAM: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - South America Electric Bus Market

● AB Volvo

● BYD Company Ltd

● CAF Group (Solaris Bus & Coach) 

● Daimler AG       

● King Long United Automotive Industry Co., Ltd

● Shenzhen Wuzhoulong Motors Co., Ltd

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM electric bus market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the SAM electric bus market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify busines s expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the electric bus market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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