Summary

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.

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.

[url=]Figure 1.   Global New Energy Buses Market Size (Value), (US$ Million), 2015 VS 2020 VS 2026[/url]

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

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.

Figure 2.   Global New Energy Buses Production (Units) Market Share comparison by Type

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Segment by Application mainly include Public Transit, Highway Transportation and Other applications. The most important downstream of New Energy Buses is Public Transit.

Figure 3.   Global New Energy Buses Consumption Market Share by Application (2015 & 2019)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

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 relative 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 relative 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.

QY Research has recently curated a research report titled, Global New Energy Buses Market Research Report 2020. The report is structured on primary and secondary research methodologies that derive historic and forecast data. The global New Energy Buses market is growing remarkably fast and is likely to thrive in terms of volume and revenue during the forecast period. Readers can gain insight into the various opportunities and restraints shaping the market. The report demonstrates the progress and bends that will occur during the forecast period.

Global New Energy Buses Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of sales about the global market and also about each type from 2015 to 2026. This section mentions the volume of sales by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global New Energy Buses Market: Segment Analysis

The research report includes specific segments such as application and product type. Each type provides information about the sales during the forecast period of 2015 to 2026. The application segment also provides revenue by volume and sales during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Global New Energy Buses Market: Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, and Japan alone. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global New Energy Buses Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Following are the segments covered by the report are:

Battery Electric Buses

Hybrid Buses

By Application:

Public Transit

Highway Transportation

Other

Key Players:

The Key manufacturers that are operating in the global New Energy Buses market are:

Yutong

DFAC

BYD

King Long

Zhong Tong

Foton

ANKAI

Guangtong

Nanjing Gold Dragon

Daimler

Competitive Landscape

The analysts have provided a comprehensive analysis of the competitive landscape of the global New Energy Buses market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

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