Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (Mexico, Brazil, Argentina, Chile and Rest of Latin America) and Competitive Landscape.
Product Code: ETC000897 | Publication Date: Sep 2021 | Updated Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Latin America Electric Bus Market has attained essential growth as well as developments. Governments across the continent are accepting electric buses since they have the potential to improve air quality by reducing emissions. The region is amongst the fastest-growing markets for electric buses in the world. The rising partnerships between manufacturers and energy companies is one latest development stimulating the Latin America Electric Bus Market Share. For instance, BYD, amongst the leading electric bus manufacturers partnered with Enel X in order to offer integrated solutions which include both charging infrastructures and e-buses. The expansion in demand for articulated e-buses is also driving market growth in the region.
Growing concern regarding increasing air pollution caused by conventional vehicles running on fuel would be a major factor in the growth of the Electric Bus market in the region. Moreover, depleting natural resources along with unstable fuel prices are driving the Latin America Electric Bus market. However, the high price of an electric bus would hamper the market growth.
According to 6Wresearch, the Latin America Electric Bus Market size is anticipated to register growth during 2019-2025. In the overall Latin America Electric Bus market share, Chile, Mexico, and Brazil have captured major revenue pie in 2018 and are expected to lead throughout the forecast period. Further, growing awareness for emission-free transportation and increasing investments from government and private companies in the development and promotion of electric vehicles would influence market growth over the coming years.
On the basis of charging infrastructure, the Latin America electric bus market is broadly categorized into ground contact, roof pantograph, gantry pantograph, plug only, and induction. The plug is the only segment that is expected to witness growth over the coming years owing to the economic infrastructure ownership cost of the segment.
The Latin America Electric Bus market report thoroughly covers the market by vehicle types, charging infrastructure, end-users, and regions. The Latin America Electric Bus market outlook report provides an unbiased and detailed analysis of the ongoing Latin America Electric Bus market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Electric buses are replaced the diesel fleets across cities such as in the Caribbean and Latin America making public transport more comfortable and attractive while meeting global climate goals In Latin America the electric bus is opening many segments such as generating growth, creating jobs, local and national transportation departments, Paris Agreement objectives, private operators are investing, delivering clean public buses.
While using the electric bus market improved the quality of life for many people, reducing gas emissions, the electric buses are significant and more comfortable and will reduce the deadly case of air pollution which is afflicted in urban areas.
The electric buses reduced zero tail-pipe emissions and reduced premature death cases, respiratory diseases, and tiny suspended particles. There are ramping up electric fleets run around the world 98% such as the US, China, and India. Currently, in Latin America, few expansions are available potential. The Inter-American Development Bank is working with the public and private sectors in clean public transport it identifies the business-appropriate models.
According to research the UK sustainable infrastructure program fund and NDC accelerator are working the IDB has been developing the approach and structure of financial schemes is deliver by electric buses that mobilize the private sector, Latin America and the Caribbean.
According to the viability of economics, the widespread adoption is the cost of up-front of electric buses. Across the emerging market the highly cost-sensitive emerging markets. The uptake of electric buses in China and India well-defined the subsidy schemes. In Latin American countries have been clearly available and it gets support subsidies to tend on an ad-hoc basis. In the forecast period, India and China are the two largest markets for electric buses, they have strategic industries. China is looking for a global electric vehicle and its supply chain it's imported oil and reduces activity. The strategic interest is based on electric buses and reduces aggressive programmers and subsidies.
In Latin America electric buses have been less strategic in combating pollution and the procurement of cleaner buses and significant tailpipe emissions. The Euro VI standard by municipalities significantly reduces the fleet of the emissions tailpipe and needs to pay the hybrid or electric buses.
In Latin America, the political and economic climate is that growth is slower according to IMF. The recent elections of larger economies it has partly attributed to the following such as Mexico and Brazil. The economic growth of Latin America is slowing down and it's going to invest the electric buses its returns on the investment will be dampened.
The Electric Bus Market in Latin America is rising and there are a number of players operating in the market. Well-established players in the market include:
The Latin America Electric Bus Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Latin America Electric Bus Market Overview |
3.1 Latin America Country Indicators |
3.2 Latin America Electric Bus Market Revenues & Volume 2015-2025F |
3.3 Latin America Electric Bus Market Revenue Share, By Vehicle Types, 2018 & 2025F |
3.4 Latin America Electric Bus Market Revenue Share, By Charging Infrastructure, 2018 & 2025F |
3.5 Latin America Electric Bus Market Revenue Share, By End User, 2018 & 2025F |
3.6 Latin America Electric Bus Market Revenue Share, By Regions, 2018 & 2025F |
3.7 Latin America Electric Bus Market - Industry Life Cycle |
3.8 Latin America Electric Bus Market - Porter’s Five Forces |
4. Latin America Electric Bus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Latin America Electric Bus Market Trends |
6. Latin America Electric Bus Market Overview, By Vehicle Types |
6.1 Latin America Electric Bus Market Revenues & Volume, by Hybrid 2015-2025F |
6.2 Latin America Electric Bus Market Revenues & Volume, by Battery 2015-2025F |
6.3 Latin America Electric Bus Market Revenues & Volume, by Plug-in Hybrid 2015-2025F |
7. Latin America Electric Bus Market Overview, By Charging Infrastructure |
7.1 Latin America Electric Bus Market Revenues, By Ground Contact, 2015-2025F |
7.2 Latin America Electric Bus Market Revenues, By Roof Pantograph, 2015-2025F |
7.3 Latin America Electric Bus Market Revenues, By Gantry Pantograph, 2015-2025F |
7.4 Latin America Electric Bus Market Revenues, By Plug Only, 2015-2025F |
7.5 Latin America Electric Bus Market Revenues, By Induction, 2015-2025F |
8. Latin America Electric Bus Market Overview, By End User |
8.1 Latin America Electric Bus Market Revenues & Volume, By Public, 2015-2025F |
8.2 Latin America Electric Bus Market Revenues & Volume, By Private, 2015-2025F |
9. Brazil Electric Bus Market Overview |
9.1 Brazil Electric Bus Market Revenues & Volume 2015-2025F |
9.2 Brazil Electric Bus Market Revenues and Volume, By Vehicle Types, 2015-2025F |
9.3 Brazil Electric Bus Market Revenues, By Charging Infrastructure, 2015-2025F |
9.4 Brazil Electric Bus Market Revenues, By End User, 2015-2025F |
10. Mexico Electric Bus Market Overview |
10.1 Mexico Electric Bus Market Revenues & Volume 2015-2025F |
10.2 Mexico Electric Bus Market Revenues and Volume, By Vehicle Types, 2015-2025F |
10.3 Mexico Electric Bus Market Revenues, By Charging Infrastructure, 2015-2025F |
10.4 Mexico Electric Bus Market Revenues, By End User, 2015-2025F |
11. Argentina Electric Bus Market Overview |
11.1 Argentina Electric Bus Market Revenues & Volume 2015-2025F |
11.2 Argentina Electric Bus Market Revenues and Volume, By Vehicle Types, 2015-2025F |
11.3 Argentina Electric Bus Market Revenues, By Charging Infrastructure, 2015-2025F |
11.4 Argentina Electric Bus Market Revenues, By End User, 2015-2025F |
12. Chile Electric Bus Market Overview |
12.1 Chile Electric Bus Market Revenues & Volume 2015-2025F |
12.2 Chile Electric Bus Market Revenues and Volume, By Vehicle Types, 2015-2025F |
12.3 Chile Electric Bus Market Revenues, By Charging Infrastructure, 2015-2025F |
12.4 Chile Electric Bus Market Revenues, By End User, 2015-2025F |
13. Rest of Latin America Electric Bus Market Overview |
13.1 Rest of Latin America Electric Bus Market Revenues & Volume 2015-2025F |
14. Latin America Electric Bus Market - Opportunity Assessment |
14.1 Latin America Electric Bus Market Opportunity Assessment, By Vehicle Types 2025F |
14.2 Latin America Electric Bus Market Opportunity Assessment, By Infrastructure 2025F |
14.3 Latin America Electric Bus Market Opportunity Assessment, By End User, 2025F |
15. Latin America Electric Bus Market Competitive Landscape |
15.1 Latin America Electric Bus Market Revenue Share, By Company, 2018 |
15.1.1 Brazil Electric Bus Market Revenue Share, By Company, 2018 |
15.1.2 Mexico Electric Bus Market Revenue Share, By Company, 2018 |
15.1.3 Argentina Electric Bus Market Revenue Share, By Company, 2018 |
15.1.4 Chile Electric Bus Market Revenue Share, By Company, 2018 |
15.2 Latin America Electric Bus Market Competitive Benchmarking, By Operating & Technical Parameters |
16. Company Profiles |
17. Key Recommendations |
18. Disclaimer |