China Electric Bus (Pure Electric, Series Hybrid, Parallel Hybrid, Series Parallel Hybrid) Market 2013-2025 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "China
Electric Bus Market by Type (Pure Electric Bus, Series Hybrid Bus,
Parallel Hybrid Bus, Series Parallel Hybrid Bus), by Length (> 10m, <
8m, 8m -10m) – Market Size, Share, Development, Growth, and Demand
Forecast, 2013-2025" report has been added to ResearchAndMarkets.com's
offering.
China electric bus market size is forecasted to cross 354,000 units by
2025, at a significant growth rate. The boost in demand for electric bus
is driven by declining battery costs, improving operational
efficiencies, and increasing replacement of old conventional buses with
new electric ones.
Insights on Market Segments:
The Chinese electric bus market is segmented on the basis of type, which
includes parallel hybrid bus, pure electric bus, series parallel hybrid
bus, and series hybrid bus. Pure electric bus is estimated to hold close
to 86% share in the Chinese market in 2017. Pure electric bus is further
expected to continue to account for a significant share in sales during
the forecast period driven by increasing government support. On the
basis of length, electric bus is segmented into three categories,
namely, < 8m, 8m – 10m, and >10m. 8m – 10m, and >10m length buses
together accounted for close to two-third of the total electric bus
sales in the country in 2017.
Falling battery prices and increasing operational efficiencies
expected to benefit the market
As battery accounts for significant share of electric bus manufacturing
cost, declining Li-ion battery prices would help bus companies to keep
the prices under check. Moreover, increasing battery production capacity
would further lower battery prices in China during the forecast period.
As in the case of internal combustion engine, whose costs have reduced
with decades of experience, the electric vehicle's cost too would
continue to fall during the forecast period with industry experience,
operational efficiencies, and economies of scale, thus benefiting the
Chinese electric bus market during the forecast period.
Increasing replacement sales to drive the market
China has a few million buses/coaches accumulated in the last decade,
out of which, around one-third of the buses are more than five years
old. These old conventional buses are expected to be replaced by new
electric ones during the forecast period. Large fleet of old
conventional buses in the country provides considerable opportunity for
electric bus sales in the country. Also, more buses would become old
during the forecast period, thus further benefiting the Chinese electric
bus market.
Thin profit margins expected in short term
Reduction in subsidies have increased the upfront cost of electric buses
as compared to conventional buses. Due to this, the demand for electric
buses is likely to suffer in the next few years, especially from the
private segment which is highly price-sensitive. Moreover, OEMs and bus
manufacturers which enjoyed considerable profit margins in the historic
period, would now need to cut profits to maintain reasonable retail
price for electric buses.
Competitive Landscape:
Zhengzhou Yutong Group Co. Ltd. was the leading player in the Chinese
electric bus market in 2016, accounting for more than one-fourth of the
total sales, followed by Higer Bus Company Limited and Zhongtong Bus &
Holding Co. Ltd., each accounting for more than 10% of the total sales.
Other key players in the Chinese electric bus market include Dongfeng
Motor Corporation, King Long United Automotive Industry Co. Ltd., Anhui
Ankai Automobile Co. Ltd., Liaoning Huanghai Automobile Import & Export
Co. Ltd., Yangzhou Yaxing Motor Coach Co. Ltd., and BYD Company Limited.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
4. Introduction
5. Regulatory Analysis
6. China Market Size and Forecast
7. Competitive Landscape
8. Company Profiles
- Anhui Ankai Automobile Co. Ltd
- By D Company Limited
- Dongfeng Motor Corporation
- Higer Bus Company Limited
- King Long United Automotive Industry Co. Ltd.
- Liaoning Huanghai Automobile Import & Export Co. Ltd
- Shenzhen Wuzhoulong Motors Co. Ltd
- Yangzhou Yaxing Motor Coach Co. Ltd.
- Zhengzhou Yutong Group Co. Ltd.
- Zhongtong Bus & Holding Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/9s393z/china_electric?w=4
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Related
Topics: Commercial
Vehicles, Electric
and Hybrid Vehicles
