Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Electric Bus Market, By Seating Capacity (Up to 30-Seater; 31-40-Seater; Above 40), By Propulsion (BEV, HEV, PHEV, FCEV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles, >500 Miles), By Battery Type (Lead Acid and Lithium Ion), By Battery Capacity (400 kWh), By Application (Intercity; Intracity; Others), By Bus Length (Upto 8m; 9-12m; Above 12m), Competition, Forecast & Opportunities, 2027” under Automotive Market Research Reports category. The Electric Bus Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Electric Bus Market is anticipated to grow at a significant rate during the forecast period. The growth can be attributed to the increasing penetration of public transport in the country and rising focus of the government on reducing reliance on oil exports as a part of Saudi Arabia Vision 2030. Several public transit systems around the globe are responsible for discharging 29% of ozone-depleting substances that cause air pollution. Stringent government emission regulations have led to increased adoption of electric buses as they cause comparatively less environmental damage than diesel-powered buses, supporting the growth of Saudi Arabia electric bus market. Rising penetration of hydrogen fuel cell buses, powered by combining an electric powertrain with fuel cell systems in the country, is anticipated to drive the Saudi Arabia electric bus market in the coming years. Industry participants are increasingly investing in R&Ds for new product innovations and making transport sustainable, which is expected to boost the Saudi Arabia electric bus market.
Advances in electric bus batteries such as lithium ion-phosphate batteries have reduced the prices for e-buses and increased the operational efficiency of buses, which is expected to boost the demand for electric buses in the country in the coming years. Increasing commuting requirements for schools, colleges, and offices are creating a demand for intracity e-buses, and the transport services providers are minimizing ticket fares to increase their consumers, which are contributing to the growth of Saudi Arabia electric buses. The high costs involved in the development of electric buses and related components as well as monitoring systems could restrain the growth of Saudi Arabia electric bus market.
Saudi Arabia electric bus market is segmented based on seating capacity, propulsion, range, battery type, battery capacity, application, bus length, region and company. Based on battery type, the market is further divided into lead-acid and lithium-ion batteries. The lithium-ion batteries segment is expected to dominate the electric bus market in Saudi Arabia as bus manufacturers are incorporating them into vehicles due to their low self-discharge rate and high energy density.
TheMajor players operating in the Saudi Arabia electric bus market are Tata Motor Limited, CRRC Zhuzhou Electric Co., ltd, among others. Companies involved in the Saudi Arabia electric bus market are adopting competitive strategies such as collaborations, new product developments, etc., to sustain growth.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze and forecast the market size of Saudi Arabia electric bus market from 2017 to 2021.
•To classify and forecast Saudi Arabia electric bus market based on seating capacity, propulsion, range, battery type, battery capacity, application, bus length, company and regional distribution.
•To identify drivers and challenges for Saudi Arabia electric bus market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia electric bus market.
•To conduct pricing analysis for Saudi Arabia electric bus market.
•To identify and analyze the profile of leading players operating in Saudi Arabia electric bus market.
Key Target Audience:
•Electric bus manufacturers and suppliers
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums and alliances related to electric bus
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia electric bus market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Electric Bus Market, By Seating Capacity:
Up to 30-Seater
•Saudi Arabia Electric Bus Market, By Propulsion:
•Saudi Arabia Electric Bus Market, By Range:
•Saudi Arabia Electric Bus Market, By Battery Type:
•Saudi Arabia Electric Bus Market, By Battery Capacity: