IDTechEX: electric buses will be a US$165 billion market in 2027

Industrial and commercial electric vehicles will be a similar market to cars but innovating faster and frequently more profitable for all in the value chain. The most important sector is buses, where innovation often comes before cars because they are less price sensitive. A report by IDTechEx Research, Electric Buses 2017-2027, finds that the market for medium and large hybrid and pure electric buses will be over $165 billion in 2027. In this report IDTechEx show how the Chinese are now dominating the leag
April 27, 2017 Read time: 2 mins
Industrial and commercial electric vehicles will be a similar market to cars but innovating faster and frequently more profitable for all in the value chain. The most important sector is buses, where innovation often comes before cars because they are less price sensitive. A report by 6582 IDTechEx Research, Electric Buses 2017-2027, finds that the market for medium and large hybrid and pure electric buses will be over $165 billion in 2027.

 
In this report IDTechEx show how the Chinese are now dominating the league table, buying the most buses and innovating rapidly already creating the lowest cost base by far. The report examines the different power trains and the move from chassis to integrated manufacture often with no chassis and later structural electronics as bodywork will come. Technological roadmaps show the rapid innovation coming in the next decade and regional and technology sales are forecasted to 2027. Well over 100 hybrid and pure electric bus manufacturers are appraised and regional trends revealed.

Based on extensive interviews, conferences and searches this report provides an up-to-date in-depth appraisal of the issues and trends. It includes a detailed look at fuel cell buses over nearly three decades, identifying why further delays are risking the window of opportunity for them closing as the greener, more efficient pure electric buses prove fit for prime time and over a quarter of a million e-buses will be purchased in 2026 due to both legal push and market pull.
 
Forecasts are for number, unit price and market value 2017-2027 by region, powertrain and pure electric versus hybrid. Over 8t and under 8t are analysed in the 265-plus pages of original summary and analysis, easily grasped by those with limited time. The information has been appraised by our PhD level analysts with long experience and an intensive program of travel to check out the facts. Worldwide, over 100 manufacturers and many recent interviews are covered including EV events in Japan, Taiwan, the USA, UK and Germany.

Related Content

  • April 13, 2017
    Mild hybrid 48V vehicles 2017-2027
    Vehicle emissions regulations for 2025 and 2030 are unlikely to be met by conventional vehicle technology as applied to most vehicles beyond small cars, according to IDTechX researchers. Going to strong hybrid and pure electric powertrains involves considerable expense and delay and often totally new platforms. However, an intermediate technology has reached a stage where it can incrementally improve traditional powertrains by replacing the alternator with a reversible 48 V electric machine and adding a
    Read More
  • March 24, 2017
    IDTechEx forecasts electric motor systems to become a US$400 billion market in 2027
    IDTechEx Research finds that the traction motor business will rise to around US$400 billion in 2027. Its report, Electric Motors for Electric Vehicles 2017-2027, navigates the jargon, the design options and the disagreements. The changing needs and evolving technology are matched to create ten year market forecasts and technology timelines based on recent intensive travel and interviews by expert PhD level analysts. The report reveals how the rotating electric machine (REM) system is taking a larger sha
    Read More
  • January 13, 2017
    Electric boats and ships 2017-2027: Large market emerging, says IDTechEx
    Analysts at IDTechEx have issued a new report, Electric Boats and Ships 2017-2027 looking at this fragmented but often highly profitable and growing sector. It says there are already over 100 manufacturers of electric boats and ships. The report finds that the market for hybrid and pure electric boats and ships will rise rapidly to over US$20 billion worldwide in 2027 for non-military versions. The recreational boat market is the largest and fastest growing electric marine market in sales number, followe
    Read More
  • March 16, 2017
    Electric vehicles will be a US$731 million market in ten years, say researchers
    The latest IDTechEx Research overview report, Electric Vehicles 2017-2037: Forecasts, Analysis and Opportunities, forecasts that electric vehicles will be a US$731 billion market in 2027, profoundly changing society by 2037. This report provides forecasts in numbers and value for 45 types of electric vehicle across land, water and air. We have taken a bottom up approach in assessing each of these 45 vehicle types. The fact-based number and value ten year forecasts in these 45 categories and the twenty y
    Read More

Highlighted Content