According to the research conducted by Future Market Insights, the hydrogen buses market is anticipated to rise at an astronomical CAGR of 31% during the forecast period. As per market estimates, the industry is likely to be worth US$ 12,558.5 Million by 2033, up from US$ 831 Million in 2023. Some of the prominent factors propelling the global hydrogen buses industry are:
Rising concerns pertaining to the surging level of air pollution which is propelling the demand for eco-friendly alternatives to public transport vehicles, such as hydrogen fuel cell buses.
Growing demand for environment-friendly, energy-efficient vehicles, which have zero emissions and offer a quick refuel system, is providing impetus to the market growth.
Increasing initiatives by government bodies to promote vehicles that lower oil dependency, and offer heightened safety, are propelling the demand for hydrogen buses.
Accelerating the adoption of green hydrogen to deeply decarbonize difficult-to-abate gases emitted from multiple industries, including the heavy transportation industry, is also increasing the operation of hydrogen buses.
Growing intrigue and demand for smooth traveling experience provided by hydrogen fuel cell buses. These buses have extra comfort systems for drivers and passengers.
Attribute
Details
Hydrogen Buses Industry Size (2023)
US$ 831 Million
Hydrogen Buses Industry Forecast Value (2033)
US$ 12,558.5 Million
Hydrogen Buses Industry CAGR
31%
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Development of Hydrogen Charging Infrastructure Presenting Profitable Growth Prospects for the Market Operators
Continuous development and supply of hydrogen buses via collaboration with local and central governments are expected to create opportunities for the players operating in the hydrogen buses market. Many players are planning on extending their hydrogen-powered vehicles portfolio to go beyond hydrogen-powered buses. For example, Hyundai Motor Group aims to use hydrogen fuel cells in large vessels, Urban Air Mobility (UAM), and railways. Several players in the market are also actively participating in the development of hydrogen charging infrastructures to widen the market for hydrogen fuel cell vehicles.
Glimpses of the Historical Market Scenario and Current Growth Indicators
The global hydrogen buses market grew from US$ 311.8 Million to US$ 641.1 Million between 2018 and 2022. The market witnessed healthy growth in recent years on account of an increase in the price of diesel and petrol. This gave rise to the demand for alternative, fuel-efficient automobiles, such as hydrogen fuel cell buses. Further, the increasing interest in sustainable vehicles that release zero emissions and help curb the density of pollution in the air, especially in emerging economies, is creating lucrative opportunities for the key players.
Going forward, the market for hydrogen buses is estimated to attain US$ 831 Million in 2023. Further, the market is assessed to grow at a meteoric CAGR of 31% between 2023 and 2033, to exceed US$ 12,558.5 Million by 2033 end.
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Comparative Analysis of Adjacent Markets
Hydrogen Buses Market:
Differentiating Aspects
Hydrogen Buses Market
CAGR (Forecast Period)
31%
Market Valuation in 2023
US$ 831 Million
Projected Market Value in 2033
US$ 12,558.5 Million
Growth Factors
Surging pollution levels and GHG emissions
Trends
Growing popularization of eco-friendly, alternative modes of transport
Opportunities
Commercialization of hydrogen fuel cell buses
Electric Bus Market:
Differentiating Aspects
Electric Bus Market
CAGR (Forecast Period)
12.5%
Market Valuation in 2023
US$ 28.67 Billion
Projected Market Value in 2033
US$ 93.11 Billion
Growth Factors
Surging efforts to promote the electrification of mass transit buses
Trends
Constant new orders for the supply of electric buses
Opportunities
Governmental support to introduce vehicles has a low impact on the environment
Bus Market:
Differentiating Aspects
Bus Market
CAGR (Forecast Period)
7%
Market Valuation in 2023
US$ 50.38 Billion
Projected Market Value in 2033
US$ 99.1 Billion
Growth Factors
Cost-effectiveness and convenience of public transport
Trends
Rising adoption of electric buses
Opportunities
Expansion into new emerging markets
Country-wise Insights
Latest EV innovations in Germany to Substantiate its Leading Position
Europe is projected to attain a dominant share of the hydrogen buses market over the forecast period. One of the significant growth-inducing factors in the market is the high count of major hydrogen-powered bus manufacturers. Additionally, the heightened awareness regarding the availability of the latest EV technologies and the increasing adoption of passenger hydrogen vehicles in the European region is propelling the market expansion of hydrogen buses.
Germany is forecast to demonstrate its significance in the sphere of hydrogen buses over the anticipated period and emerge as a major market worldwide. Recently, Ebusco supplied its first 90 Ebusco buses to the biggest public transport company in Germany. Competitors in the market are expected to follow suit so that companies can provide climate-neutral services across longer distances.
North America Emphasizing Sustainable Transportation
Surging agreements between companies pertaining to the supply of hydrogen-stored cylinders for hydrogen buses are favorably impacting the USA hydrogen buses market. For instance, New Flyer Canada ULC, North America’s biggest mass mobility solutions provider, and New Flyer of America Inc., partnered with Hexagon Purus for the second consecutive year to supply hydrogen storage cylinders for zero-emission, hydrogen fuel cell e-transit buses, which comes under the category of Xcelsior Charge H2 of New Flyer, in 2022. The high-pressure hydrogen stored cylinders will enable a driving range of over 350 miles/ 560 km in one refueling session.
New Flyer has been playing an active role in making transportation in North America emission-free by encouraging the growth of sustainable buses and their infrastructure across Canada and the USA In a mere one year, i.e., 2021, Hexagon Purus provided hydrogen systems/ cylinders for approximately 30 fuel cell buses of New Flyer. The collaboration of New Flyer and Hexagon Purus has been propelling the growth of hydrogen buses in North America.
Asia Pacific to Witness Fastest Growth
The Asia Pacific region is anticipated to witness the fastest growth over the forthcoming years. The robust growth in the region can be credited to rapid population growth, rising demand for passenger buses, and swiftly expanding production scale, which are all propelling market expansion for hydrogen buses in the region.
India Hydrogen Buses Market Outlook
Increasing government initiatives to realize the ‘Hydrogen Vision’ of the country to develop a self-reliant India by meeting weather change goals, creating employment in the respective sector, and promoting the adoption of clean energy, are collectively driving the hydrogen buses market in India. In August 2022, India’s first-ever indigenously produced Hydrogen fuel cell bus, backed by the Union Minister of State for Science and Technology, was revealed in Pune. The rising demand for eco-friendly modes of transportation is projected to facilitate the Indian hydrogen buses market in the coming years.
Hydrogen Buses Market in China
As per the estimates released by the China Association of Automobile Manufacturers (CAAM), China manufactured 1,742 units of hydrogen fuel cell automotive in 2021, an increase of 48.2% y-o-y. In the same year, 1,586 units of these vehicles were sold, representing an increase of 34.7% y-o-y. The growing demand for hydrogen fuel cell buses due to their high reliability, ability to be quickly refueled with hydrogen, and continuous and consistent driving capacity over long distances is resulting in a positive market outlook for hydrogen buses in China.
Japan Hydrogen Buses Industry
The hydrogen buses market in Japan is being stimulated by the favorable actions taken by the government to tackle global warming. For instance, Tokyo Metropolitan Government is promoting the use of hydrogen as a renewable energy source to charge vehicles, thus accomplishing the process of decarbonizing society. Tokyo, in partnership with the Fukushima region, intends to outfit 300+ buses with hydrogen fuel cells by 2030 end, thus making hydrogen-powered buses a norm in Tokyo.
South Korea Hydrogen Buses Market Outlook
With state funding of over 300 million won, South Korea’s Ministry of Environment has entered into a cooperation agreement with Hyundai Motor, Busan City, South Gyeongsang Province, and Ulsan City to adopt hydrogen buses. Additionally, in an initiative to achieve net zero CO2 emissions by 2050, Seoul, South Korea’s capital, is increasing the adoption of hydrogen and e-buses.
The capital is dedicated to operating over 1,000 hydrogen-powered buses and constructing 11 hydrogen charging stations by 2025 end. The aforementioned developments in South Korea are expected to propel market expansion over the forecast period.
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Category-wise Insights
Proton Exchange Membrane Fuel Cell to Observe Rapid Demand
The proton exchange membrane fuel cell technology is projected to witness tremendous growth over the forecast period. The swift growth of this segment can be attributed to its ability to convert chemical energy into electrical energy. This technology is suitable for fuel cell automotive and is the most requested fuel cell in the EV industry.
<150 kW Power Output to Dominate the Hydrogen Buses Landscape
Based on power output, the <150 kW segment is forecast to grow at a rapid pace over the coming years. Fuel cells with a power output of less than 150 kW are highly requested in passenger vehicles, industrial cars, and buses. Thus, the increasing number of these automotive is rapidly propelling the sales rate of <150 kW fuel cells, consequently dominating the global market share.
Top Start-ups to Keep an Eye on
Start-up Company
Hydrolux
Country
Canada
Description
Hydrolux offers hydrogen-powered buses, trucks, cars, and forklifts. The startup’s vehicles combine the low weight of vehicles running on diesel with the advantages of EVs.
Start-up Company
NanoSUN
Country
Britain
Description
The startup delivers solutions for hydrogen refueling. The FillSafe Fuelling Hoses developed by NanoSUN provide high-pressure refueling of EVs powered by hydrogen. These solutions are cost-effective, easy to use and install and prevent over-pressurization.
Start-up Company
Hymotiv
Country
India
Description
Hymotiv produces a hydrogen fuel cell EV. The technology utilized by the company includes hydrogen-propelled automobile propulsion systems, which can be retrofitted into fossil fuel-based vehicles. These systems enable clean and green energy solutions for heavy-duty vehicles, and passenger cars, as well as energy storage.
Start-up Company
KEYOU
Country
Germany
Description
KEYOU manufactures new engines for brand-new commercial vehicles. For this, the startup procures a base engine from OEM and reengineers it to make it run on hydrogen.
Product Innovation is to Start-ups what Partnership with Governments is to Established Players
With numerous players competing to bag a large share, the market is likely to remain fragmented over the forecast period. Since hydrogen buses have witnessed a rapid evolution in recent times, there is a high scope for innovation. With the assistance of advanced technologies, market players further get an edge to project their products in the best light. As a result, product innovation is the default move of new players to compete with established players.
While the automotive sector stays guarded heavily with government compliance on reducing CO2 emissions, market players formulate strategies to work towards clean mobility. This trend is highly dominant among players operating in developed countries, especially European ones. All-in-all, new players ride on the waves of technology to strengthen their market hold and catapult towards advancement, while the established players seek to extend their services with the government and bring their products into the market on a large scale.
Recent developments that are shaping up the hydrogen buses market include:
In September 2022, Solaris revealed its Urbino 18 hydrogen bus. This articulated model is second in line in Solaris’s zero-emission portfolio. With this launch, the company aims to provide its clients with zero-emission vehicles.
In July 2022, Iveco announced its intention to produce 3,000+ zero and low-emission buses over the coming years.
In June 2021, one of the largest commercial vehicle companies and major bus manufacturers in India, Tata Motors, revealed that it has received a tender from Indian Oil Corporation Limited (IOCL) to deliver 15 hydrogen-powered Proton Exchange Membrane (PEM) fuel cell buses.
In June 2021, Hyundai Motor announced that it has begun the testing of hydrogen fuel cell buses in the European region, which will help develop the vehicles further, to meet the requirements of European customers.
Some of the key companies proliferating in the market are
Tata Motors Limited
Thor Industries
Hyundai
Ballard Power Systems
NovaBus Corporation
New Flyer Industries Ltd
EvoBus
New Flyer
Hino Motors Ltd.
SunLine Transit Agency
Hydrogen Buses Industry report scope
Attribute
Details
Forecast period
2023 to 2033
Historical data available for
2018 to 2022
Industry analysis
US$ Million in value
Key regions covered
North America
Latin America
Eastern Europe
Western Europe
East Asia
South Asia & Pacific
Middle East and Africa
Key countries covered
USA
Germany
France
Italy
Canada
The United Kingdom
Spain
China
India
Australia
Key segments covered
By Technology
By Power Output
By Transit Bus Models
Region
Key companies profiled
Tata Motors Limited
Thor Industries
Hyundai
Ballard Power Systems
NovaBus Corporation
New Flyer Industries Ltd
EvoBus
New Flyer
Hino Motors Ltd.
SunLine Transit Agency
Report Coverage
Industry Forecast
Company Share Analysis
Industry Dynamics
Challenges
Competitive Landscape
Drivers, Restraints, Opportunities, and Threats Analysis
Strategic Growth Initiatives
Customization and Pricing
Available upon request
Hydrogen Buses Industry Segmentation by Category
By Technology:
Proton Exchange Membrane Fuel Cells
Direct Methanol Fuel Cells
Phosphoric Acid Fuel Cells
Zinc-Air Fuel Cells
Solid Oxide Fuel Cells
By Power Output:
<150 kW
150–250 kW
>250 kW
By Transit Bus Models:
30-Foot Transit Buses
40-Foot Transit Buses
60-Foot Transit Buses
By Region:
North America
Latin America
East Asia
Eastern Europe
Western Europe
South Asia & Pacific
Middle East & Africa
Frequently Asked Questions
How Big is the Hydrogen Buses Industry?
The hydrogen buses industry size is assessed to be US$ 831 Million in 2023.
At What Rate is the Hydrogen Buses Industry Expected to Rise?
The hydrogen buses industry is expected to rapidly rise at a CAGR of 31% during the forecast period.
What is the Demand Outlook Forecast for the Hydrogen Buses Industry?
The global hydrogen buses industry is forecast to surpass US$ 12,558.5 Million by 2033.
Which Region is a Major Contributor to Market Growth?
Europe is the major contributor to the market growth of hydrogen buses.
Table of Content
1. Executive Summary | Hydrogen Buses Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
5.3.1. Proton Exchange Membrane Fuel Cells
5.3.2. Direct Methanol Fuel Cells
5.3.3. Phosphoric Acid Fuel Cells
5.3.4. Zinc-Air Fuel Cells
5.3.5. Solid Oxide Fuel Cells
5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Output
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Output, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Output, 2023 to 2033
6.3.1. <150 KW
6.3.2. 150–250 KW
6.3.3. >250 KW
6.4. Y-o-Y Growth Trend Analysis By Power Output, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Power Output, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Transit Bus Models
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Transit Bus Models, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Transit Bus Models, 2023 to 2033
7.3.1. 30-Foot Transit Buses
7.3.2. 40-Foot Transit Buses
7.3.3. 60-Foot Transit Buses
7.4. Y-o-Y Growth Trend Analysis By Transit Bus Models, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Transit Bus Models, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa(MEA)
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Technology
9.2.3. By Power Output
9.2.4. By Transit Bus Models
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology
9.3.3. By Power Output
9.3.4. By Transit Bus Models
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Technology
10.2.3. By Power Output
10.2.4. By Transit Bus Models
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology
10.3.3. By Power Output
10.3.4. By Transit Bus Models
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Technology
11.2.3. By Power Output
11.2.4. By Transit Bus Models
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology
11.3.3. By Power Output
11.3.4. By Transit Bus Models
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Technology
12.2.3. By Power Output
12.2.4. By Transit Bus Models
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology
12.3.3. By Power Output
12.3.4. By Transit Bus Models
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa(MEA)
13.2.2. By Technology
13.2.3. By Power Output
13.2.4. By Transit Bus Models
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology
13.3.3. By Power Output
13.3.4. By Transit Bus Models
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Technology
14.1.2.2. By Power Output
14.1.2.3. By Transit Bus Models
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Technology
14.2.2.2. By Power Output
14.2.2.3. By Transit Bus Models
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Technology
14.3.2.2. By Power Output
14.3.2.3. By Transit Bus Models
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Technology
14.4.2.2. By Power Output
14.4.2.3. By Transit Bus Models
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Technology
14.5.2.2. By Power Output
14.5.2.3. By Transit Bus Models
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Technology
14.6.2.2. By Power Output
14.6.2.3. By Transit Bus Models
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Technology
14.7.2.2. By Power Output
14.7.2.3. By Transit Bus Models
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Technology
14.8.2.2. By Power Output
14.8.2.3. By Transit Bus Models
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Technology
14.9.2.2. By Power Output
14.9.2.3. By Transit Bus Models
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Technology
14.10.2.2. By Power Output
14.10.2.3. By Transit Bus Models
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Technology
14.11.2.2. By Power Output
14.11.2.3. By Transit Bus Models
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Technology
14.12.2.2. By Power Output
14.12.2.3. By Transit Bus Models
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Technology
14.13.2.2. By Power Output
14.13.2.3. By Transit Bus Models
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Technology
14.14.2.2. By Power Output
14.14.2.3. By Transit Bus Models
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Technology
14.15.2.2. By Power Output
14.15.2.3. By Transit Bus Models
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Technology
14.16.2.2. By Power Output
14.16.2.3. By Transit Bus Models
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Technology
14.17.2.2. By Power Output
14.17.2.3. By Transit Bus Models
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Technology
14.18.2.2. By Power Output
14.18.2.3. By Transit Bus Models
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Technology
14.19.2.2. By Power Output
14.19.2.3. By Transit Bus Models
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Technology
14.20.2.2. By Power Output
14.20.2.3. By Transit Bus Models
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Technology
15.3.3. By Power Output
15.3.4. By Transit Bus Models
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Tata Motors Limited
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Thor Industries
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hyundai
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. New Flyer Industries Ltd
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Ballard Power Systems
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. NovaBus Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. EvoBus
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Toyota Motor Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Hino Motors Ltd.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. SunLine Transit Agency
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Power Output, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Power Output, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by Transit Bus Models, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by Transit Bus Models, 2018 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Technology, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 21: Global Market Attractiveness by Technology, 2023 to 2033
Figure 22: Global Market Attractiveness by Power Output, 2023 to 2033
Figure 23: Global Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 45: North America Market Attractiveness by Technology, 2023 to 2033
Figure 46: North America Market Attractiveness by Power Output, 2023 to 2033
Figure 47: North America Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Technology, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Power Output, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Technology, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 93: Europe Market Attractiveness by Technology, 2023 to 2033
Figure 94: Europe Market Attractiveness by Power Output, 2023 to 2033
Figure 95: Europe Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Technology, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Technology, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Power Output, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Technology, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Power Output, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Transit Bus Models, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Power Output, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Power Output, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Power Output, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Power Output, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Transit Bus Models, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by Transit Bus Models, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Transit Bus Models, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Transit Bus Models, 2023 to 2033
Figure 141: MEA Market Attractiveness by Technology, 2023 to 2033
Figure 142: MEA Market Attractiveness by Power Output, 2023 to 2033
Figure 143: MEA Market Attractiveness by Transit Bus Models, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
