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Self-Driving Cars and Light Trucks: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023

Publisher:        WinterGreen Research

# of Pages:        1005

Rating: 

1 User License $4,200

Publication Date:  January, 2017

Price:       $4,200 / User License




1. Self-Driving Cars and Trucks Market Definition and Market Dynamics 66
1.1 Autonomous Cars Provide More Efficient Traffic Infrastructure And Greater
Safety 66
1.1.1 Airplanes Already Land Themselves 67
1.1.2 Electric Charging Infrastructure 70
1.2 Advanced Technology 74
1.2.1 Adaptive Cruise Control 75
1.2.2 Automatic Braking Technologies 77
1.2.3 Automatic Brakes 78
1.2.4 Vehicles With Automatic Braking 79
1.2.5 Driver-Assist Technologies 79
1.2.6 Ford TAP Self-Driving Auto Control System 80
1.3 Legal Hurdles Remain 82
1.3.1 Self-driving Cars and Trucks Operation 84
1.3.2 Self-driving Cars and Trucks Technology Trends 84
1.3.3 Vehicle Sharing 84
1.4 Urban Move to Mega Cities 85
1.5 Self-driving Car Enabling Technologies 86
1.5.1 Sensor Processing 86
1.5.2 Machine Autonomy 87
1.5.3 Agricultural Robotic Use of Global Positioning 89
1.5.4 Military Spending On Self-Driving Vehicles 89

2. Self-Driving Personal Vehicles Market Shares and Market
Forecasts 91
2.1 Self-Driving Car and Light Truck Market Driving Forces 91
2.1.1 Self-Driving Cars, Light Trucks, SUVs 94
2.1.2 Self-Driving Cars / Connected Cars / Transportation 94
2.2 Self-Driving Car and Light Truck Market Shares 98
2.2.1 Adaptive Cruise Control Step One to Self-Driving 105
2.2.2 Advanced Driver-Assistance Systems (ADAS) Safety-Enhancing Systems
113
2.2.3 Alphabet, Waymo: Google 113
2.2.4 Google 113
2.2.5 Waymo / Google Self-Driving Car 114
2.2.6 Google Self-Driving Car 116
2.2.7 Google Self-Driving Car from Auto Components 117
2.2.8 BMW 117
2.2.9 BMW And Intel To Bring A Fleet Of Self-Driving Cars To The Road By
The End Of 2017 118
2.2.10 BMW 121
2.2.11 Daimler AG / Mercedes-Benz Self Driving Car 121
2.2.12 Mercedes Self-Driving 122
2.2.13 Volvo 124
2.2.14 Volvo Self-Driving Cars on Swedish roads 125
2.2.15 Samsung 126
2.2.16 GM 126
2.2.17 GM Chevrolet Impala 126
2.2.18 Volkswagen 127
2.2.19 First Fully Autonomous Volkswagen Audi Expected by 2017 127
2.2.20 Ford / Lincoln 128
2.2.21 Lincoln Adaptive Cruise Control 128
2.2.22 Tesla 129
2.2.23 Tesla Autonomous Driving 129
2.2.24 Jaguar Driverless Cars 130
2.2.25 IBM 131
2.2.26 IBM / Ford Automotive Vehicle System M2M 131
2.2.27 Ford Self-Driving Controlled Vehicles On Test Track 132
2.2.28 Toyota Production LS 2013 Model Self-Driving Tools Technology 133
2.2.29 Hyundai Genesis Smart Cruise Control 134
2.2.30 Nissan 135
2.2.31 Kairos Autonami Pronto4 137
2.2.32 Intel 139
2.2.33 Intel / Mobileye 139
2.2.34 Intel Targets Driverless Cars 139
2.2.35 Bosch Deepfield Robotics 141
2.2.36 Bosch BoniRob 141
2.2.37 Uber 142
2.2.38 Selected Company Investment or Planned Investment in Autonomous
Vehicle Technology 142
2.3 Self-Driving Car and Light Truck Market Forecasts 144
2.3.1 Self-Driving Car Forecasts 144
2.3.2 Autonomous Car and Autonomous Light Truck / SUV Shipments and
Installed Base 151
2.3.3 Autonomous Luxury Car Market Forecasts 156
2.3.4 Autonomous Mid-Size Car Market Forecasts 157
2.3.5 Autonomous Light Car Shipments Market Forecasts 158
2.3.6 Autonomous Light Truck / SUV Shipments Market Forecasts 159
2.3.7 Autonomous Personal Vehicles: Car and Autonomous Light Truck / SUV
Shipments Market Forecasts, Level 2 and Level 4 160
2.3.8 “All-Purpose” Vehicles 161
2.3.9 Multiple Cars Per Person 162
2.3.10 Self-Driving Car Unit Analysis and Forecasts 163
2.3.11 Self-Driving Car Level 2 through 5 Forecasts 165
2.3.12 Self-Driving Technology With Vision-Based Systems 169
2.4 Advanced Driver Assistance Systems (ADAS) Market 170
2.4.1 ADAS Market Shares 173
2.4.2 Range Of Sensor Technologies Deployed For ADAS 179
2.4.3 Automotive LiDAR Market Forecasts 186
2.4.4 Connected Vehicles 188
2.4.5 Technologies Supporting Increased Consumption Of Digital Content189
2.4.6 Commercial Car Adaptive Cruise Control 191
2.4.7 Cars with ASDS Features 191
2.5 Self-Driving Shared Ride Services 193
2.5.1 Self-Driving Shared Ride Services Forecasts 195
2.6 Self-Driving Commercial Trucks and Vehicles 197
2.6.1 Advantages of Autonomous Commercial Vehicles 199
2.6.2 Buses, Commercial Delivery Vehicles, Military Vehicles, and Tractors,
Self-Driving Cars / Connected Cars 204
2.6.3 Self-Driving Trucks 207
2.6.4 European Truck Platooning 208
2.6.5 Autonomous Trucking Platooning Functions 209
2.6.6 Dutch Ministry of Infrastructure and the Environment Truck Platooning
211
2.6.7 Autonomous Trucking Self-Driving Trucks Platooning Challenge 211
2.6.8 US Self Driving Trucks 212
2.6.9 Truck Platooning Technology Needs Redundancy And Mitigation Of
Failure 213
2.6.10 Self-Driving Truck Cost 215
2.7 IoT Networked Autonomous Car Endpoints 216
2.7.1 Autonomous Vehicle IoT chipsets 218
2.7.2 Intel Targets Driverless Cars 219
2.7.3 Softbank Arm 222
2.7.4 IoT Data Use Forecasts 224
2.7.5 IoT ecosystem 226
2.7.6 Smart Cities Internet of Things (IoT) 226
2.7.7 M to M 229
2.8 Automotive Industry 234
2.8.1 Total Car and Light Truck Shipments and On the Road, Market
Forecasts 235
2.8.2 Car Shipments and On the Road, Small, Light Cars Market Forecasts 236
2.8.3 Mid-Size Car Shipments and On the Road, Market Forecasts, Dollars
and Units 237
2.8.4 Light Truck Shipments and On the Road, Market Forecasts 239
2.8.5 Car and Light Truck Shipments and Installed Base, Small, Mid-Size,
Luxury, and Light Truck Market Forecasts 240
2.8.6 Auto Industry Economies 241
2.8.7 Automotive Market Discussion 241
2.8.8 Automotive Market For Personal Vehicles Forecast 242
2.8.9 Automotive Market For Personal Vehicles Pricing 242
2.8.10 Automotive Business Model 245
2.8.11 Visionary Constructs Continue To Set The Pace For Cars and Personal
Vehicles 246
2.8.12 Total Number Of Cars Owned And / Or In Existence 247
2.9 Autonomous Vehicle Software 249
2.9.1 Autonomous Vehicle Software Integration Market 254
2.9.2 Advanced Autonomous Car Software 256
2.9.3 Autonomous Vehicle Software Areas That Need Improvement 258
2.9.4 Collision Detection Machine Vision 259
2.10 Agricultural Self Driving Tractor Robot Market Forecasts 264
2.11 Self-driving Car and Truck Challenges 266
2.11.1 Electric Car Ownership Stimulates Customized Speeds and
Performance in Autonomous Cars 270
2.12 Self-Driving Car and Truck Prices 271
2.12.1 2017 Tesla Model S Luxury vehicle 271
2.13 Self-Driving Car and Truck Regional Market Segments 272
2.13.1 US 274
2.13.2 China 275
2.13.3 Valeo in China 277
2.13.4 India 278
2.13.5 Wabco Self-Driving Regional Participation 279
2.13.6 Ford North America 281
2.13.7 Self-Driving Car Regional Analysis 282
2.13.8 Japan's Leaders Want To Make Tokyo A Self-Driving City For 2020
Olympics 282
2.13.9 Autonomous Vehicle Market Forecasts By Region 284
2.13.10 Self-Driving Military Vehicle Regional Market Segments, Dollars 285

3. Self-Driving Cars and Trucks Product Description 287
3.1 Tesla 287
3.1.1 Tesla Dual Motor Model S 288
3.1.2 Tesla Motors Computer-Assisted Mode Car Involved in Fatal Crash
while Driving Autonomously 294
3.1.3 Tesla Attention to Security 295
3.1.4 Tesla Hardware Safety Features 296
3.1.5 Tesla Software Safety Features 297
3.1.6 Tesla Driverless Car Features 297
3.1.7 Tesla Autopilot 299
3.1.8 Tesla Autopilot Parking 300
3.1.9 Tesla Safety 301
3.2 Google Spins off Self Driving Car to Alphabet Waymo 302
3.2.1 Waymo AI Recognizes Readiness Of A Human Being to Take Over
Driving 303
3.2.2 Google in Talks with Ford, Toyota and Volkswagen before the SelfDriving
Car Startup, Spun-Off from Google to Waymo 304
3.2.3 Waymo / Google Self-Driving Car 305
3.2.4 Waymo Ride Sharing 309
3.3 Uber 312
3.3.1 Uber Autonomous Trucks Developed by Otto 314
3.3.2 Uber / Carnegie Mellon Partnership 315
3.3.3 Uber Endorses Self-Driving Cars for Its Business 315
3.3.4 Uber Ride Sharing App 316
3.3.5 Uber Purchases AI Startup, Creates Machine Learning Lab 317
3.4 Apple 318
3.4.1 Apple Testing Auto-Pilot 319
3.4.2 Apple 319
3.4.3 Apple Internet of Things HomeKit Platform 322
3.4.4 Apple IoT 323
3.4.5 Apple Self Driving Car Testing 324
3.5 Amazon 326
3.5.1 Amazon Research Into Autonomous Technology 328
3.6 Toyota 330
3.6.1 Toyota Concept-i 332
3.6.2 Toyota Lexus Division Modified Lexus LS Sedan. 334
3.6.3 Japanese Lexus Car Aims At Zero Casualties 337
3.6.4 Toyota Lexus Adaptive Cruise Control 337
3.6.5 Toyota: Automated Cars 340
3.7 Volkswagon / Audi / Porsche 341
3.7.1 First Fully Autonomous Audi Expected by 2017 345
3.7.2 Audi Self-driving Car Travels 550 Miles from San Francisco to Las Vegas
346
3.7.3 Volkswagen 348
3.7.4 Porsche / Volkswagen 351
3.8 SAP Self-Driving IoT Focus 354
3.8.1 Samsung, Seat, And SAP 355
3.8.2 SAP Vehicles Network 356
3.8.3 SAP IoT and Machine-To-Machine (M2M) Technology 357
3.9 Siemens Train Automation 358
3.9.1 Siemens Intelligent Gateway For Industrial IoT Solutions 360
3.10 Harman IoT Platform Supports Intelligent Navigation 360
3.11 Softbank 361
3.11.1 Softbank Arm Processor Has Protections Against Random Errors 364
3.11.2 Softbank Arm Yahoo Maps Service, And Related Data —Weather,
Vehicle Congestion, Foot Traffic, And Events 365
3.11.3 Softbank IoT Addresses Self-Driving 366
3.11.4 SoftBank ARM Acquisition Brings Internet of Things 366
3.11.5 SoftBank to Roll Out ‘LoRaWAN™’ Low Power Wide Area Network 368
3.11.6 SoftBank IoT Environment Industry Sectors 368
3.11.7 SoftBank Builds a LoRaWAN™ Ecosystem. 369
3.11.8 SoftBank CEO Masayoshi Son Sees 1 Trillion Devices for Internet of
Things 370
3.11.9 SoftBank Sees Massive MIMO as Key Part of Its 5G Project 371
3.12 Intel Depth Sensor 372
3.12.1 Intel® GO™ Automotive Solutions 372
3.13 Intel / Mobileye 381
3.14 IBM / Ford 381
3.14.1 IBM and Ford Have A Partnership To Jointly Develop Software That
Provides Further Automation Of Autos 382
3.14.2 IBM / Schaeffler Connected Vehicles: 385
3.14.3 IBM / Schaeffler Industry 4.0 for Tooling Machines: 385
3.14.4 IBM / Schaeffler Connected Equipment Operations Center: 386
3.14.5 IBM Watson IoT Used by Aerialtronics: 386
3.14.6 Partnership Between Visa and IBM Watson for IoT Automated
Payments 386
3.14.7 IBM Addresses the Internet of Things 389
3.14.8 IBM Works with Ford On Self-Driving Cars 392
3.14.9 IBM / Ford Automotive Vehicle System M2M 393
3.14.10 Ford Leveraging IBM Partnership, Using Sensors 396
3.14.11 IBM Smarter Planet Strategy 396
3.15 Ford Self Driving Car 397
3.15.1 Ford Goes Beyond Self-Driving Cars 399
3.15.2 Ford Positioning To Serve Consumers By Seeking Safer Roads And
More Fuel-Efficiency 400
3.15.3 Ford Self-Driving Auto Control System 400
3.15.4 Ford Adaptive Cruise Control 402
3.15.5 Ford Fully Autonomous Vehicles 402
3.15.6 Ford / Lincoln 404
3.15.7 Lincoln Adaptive Cruise Control 404
3.15.8 Lincoln Active Park Assist 405
3.15.9 Lincoln Lane-Keeping System 405
3.15.10 Lincoln Intelligent Access with Push-Button Start 405
3.15.11 Lincoln BLIS® with Cross-Traffic Alert 405
3.16 Daimler / Mercedes 406
3.16.1 Mercedes Vehicle to Vehicle Communication 407
3.16.2 Mercedes Lets The Human Do The Thinking And Leaves The Driving To
The Computer 408
3.16.3 Mercedes Self Driving Car Interior 411
3.16.4 Mercedes-Benz F 015 414
3.16.5 Mercedes-Benz Leads In Concept Cars: Safety Leads the Research 420
3.16.6 Daimler Self-Driving Truck 422
3.17 Bosch and Daimler / Mercedes-Benz 422
3.17.1 Bosch Deepfield Robotics 423
3.17.2 Bosch BoniRob 424
3.17.3 Bosch Deepfield Connect 428
3.17.4 Bosch: Field Testing Automation For Better Seeds 433
3.17.5 Bosch Seed Field Testing Challenges: 434
3.17.6 Bosch Weeding 436
3.18 Nissan 440
3.18.1 Nissan and NASA To Build Zero-Emission Driverless Car 444
3.18.2 Nissan EPORO Self-Driving Car 445
3.19 GM / Cadillac 446
3.19.1 GM Self Driving Cadillac 447
3.19.2 GM Safety Technology 449
3.19.3 Buick LaCrosse 451
3.19.4 GM Short-Range Communications Allows GM Cars To Use Alps Electric
Radar Effectively 452
3.20 Volvo 459
3.20.1 Volvo's Self-Driving Technology Struggling to Identify Kangaroos In The
Road 461
3.20.2 Volvo's Self-Parking, Driverless Car 462
3.20.3 Volvo Mobile App of the iPhone "Park Now" Button 466
3.21 BMW 469
3.21.1 BMW Partially Automated Driving Functions 473
3.21.2 BMW Autonomous Car Safety Features 474
3.21.3 BMW Performance Limits Of Its Driverless Car 474
3.21.4 BMW's Driverless Cars in China 477
3.22 Subaru Adaptive Cruise Control 479
3.23 Honda 482
3.23.1 Honda Self-Driving Car in Detroit 487
3.24 Hyundai Genesis Smart Cruise Control 489
3.25 Tata Motors Limited / Jaguar Adaptive Cruise Control 495
3.25.1 Jaguar Driverless Cars 496
3.25.2 Tata Motors Limited / Jaguar / Land Rover 497
3.25.3 Land Rover Smart Driver Assistance Technologies 499
3.25.4 Land Rover Reverse Traffic Detection 500
3.25.5 Land Rover Electric Power-Assisted Steering with Park Assist 502
3.25.6 Land Rover Powerful Braking With Lightweight Brembo Calipers 503
3.25.7 Land Rover Enhanced Active Safety Technologies 505
3.25.8 Land Rover Engineered for Maximum Occupant Protection 507
3.25.9 Driverless Cars Shaped by Land Rover Technology 509
3.26 Chrysler 300 SRT8 512
3.26.1 Fiat Chrysler Auto Electric Vehicle 514
3.26.2 Chrysler Technology Recognizes When Things Slow Down 516
3.26.3 Chrysler Backup, Safety & Security 516
3.26.4 Dodge Durango 517
3.27 Kongsberg CORTEX 519
3.28 Kairos Autonami Pronto4 Retrofitting System for Existing Vehicles or Vessels
525
3.28.1 Kairos Fleet Management Leveraging Auto Mobility 526
3.28.2 Kairos Pronto4™ Agnostic Autonomy System Features 529
3.28.3 Kairos ProntoMimic Software Suite 530
3.29 Lockheed Martin SMSS 531
3.29.1 Lockheed Martin SMSS User-Proven Autonomy 533
3.29.2 Lockheed Martin SMSS Unmanned Capabilities 533
3.30 General Dynamics Self-Driving Systems 534
3.30.1 General Dynamics Mobile Detection Assessment and Response System
(MDARS) 543
3.30.2 General Dynamics Tactical Autonomous Combat – Chassis (TAC - C) 544
3.31 Vision Robotics Automated Tractors 547
3.32 Nogchui Autonomous Tractor 548
3.32.1 Professor Nogchui Agricultural Tractor Robot Uses Navigation Sensor
Called AGI-3 GPS Compass Made by TOPCON 552
3.32.2 Professor Nogchui Agricultural Tractor Robot Mapping System 552
3.32.3 Nogchui Autonomous Tractor Robot Management Systems 553
3.33 Microsoft Agricultural Robot Software 554
3.33.1 Synchronized Spraying 555
3.34 Hewlett Packard Enterprise (HPE) IoT Data Monetization 560
3.34.1 Hewlett Packard IoT Ford Motor Company 564
3.34.2 Hewlett Packard and Dubai Police IoT 565
3.34.3 Hewlett Packard Smart Cities IoT 565
3.34.4 HPE IAV IoT 567
3.35 Autonomous Tractor Corp. (ATC) 567
3.36 Robotic Tractors 568
3.37 John Deere 569
3.37.1 John Deere Autonomous Mower 570
3.37.2 Deere Smaller Tractors Autonomous Driving in Groups 571
3.37.3 John Deere Autonomous Tractor 573
3.37.4 John Deere Crop Spraying 575
3.37.5 John Deere Autonomous Tractors 576
3.37.6 John Deere 578
3.38 Harvest Automation 579
3.39 Texas Instruments Advanced Driver Assistance Systems (ADAS) 580
3.39.1 Texas Instrument Camera Capability for ADAS 582
3.39.2 TI ADAS Radar Support 584
3.39.3 TI ADAS Ultrasound Support 585
3.39.4 TI ADAS Full System Portfolio 586

4. Self-Driving Cars and Light Trucks Technology 587
4.1 Safety 587
4.1.1 Euro NCAP’s Rating Scheme 589
4.1.2 In the US, Rear-Visibility Requirements 590
4.2 IoT Standards Ecosystem Growth 590
4.2.1 Unified Communication Standards 591
4.3 Self-driving Car Test Facility in UK 591
4.4 MIT Demonstrates Swarm Of Modular Self-Driving Cars That Self-Assemble
Into Larger Shapes 592
4.5 Self-Driving Car Fish-Inspired Technology 593
4.6 Adaptive Cruise Control (ACC) 594
4.6.1 Distance Measured By A Small Radar Unit 595
4.6.2 ACC Technology 595
4.6.3 Adaptive Cruise Control 596
4.6.4 Lexus_IS250_ACC Adaptive Cruise Control 597
4.7 Advanced Self-Driving Technology: Navigation, Mobility, And Manipulation
599
4.7.1 Self-Driving Intelligence Systems 600
4.7.2 Real-World, Dynamic Sensing 600
4.8 User-Friendly Interfaces 601
4.8.1 Tightly-Integrated, Electromechanical Self-Driving Design 601
4.9 Field Based Self-Driving Iterative Development 602
4.9.1 Next-Generation Products Leverage Model 603
4.9.2 Modular Self-driving Structure And Control 603
4.9.3 Lattice Architectures 604
4.9.4 Chain / Tree Architectures 604
4.9.5 Deterministic Reconfiguration 604
4.9.6 Stochastic Reconfiguration 605
4.9.7 Modular Self-Driving Systems 605
4.10 Intel Military Self-Driving Cultivating Collaborations 606
4.11 Hitachi Configuration Of Self-Driving Using The SuperH Family 606
4.11.1 Hitachi Concept of MMU And Logic Space 607
4.11.2 Self-Driving Use of Solid State Thin Film Lithium-Ion Batteries 611
4.12 Network Of Self-Driving And Sensors 611
4.12.1 Sensor Networks Part Of Research Agenda 612
4.12.2 Light Sensing 613
4.12.3 Acceleration Sensing 614
4.12.4 Chemical Sensing 614
4.13 Self-Driving Technology Functions 615
4.14 Carbon Nanotube Radio 615
4.15 Military Self-Driving Funded Programs 617
4.15.1 XM1216 Small Unmanned Ground Vehicle (SSELF-DRIVING CARS) 617
4.15.2 Self-Driving Technology 618
4.16 Self-Driving Technology Solutions 619
4.16.1 Self-Driving Technology Enablers 620
4.16.2 Military Self-driving Logistics 623
4.17 Intel Integrated Circuit Evidence-Based Innovation 626
4.17.1 Open Self-Driving Control Software 628
4.17.2 Self-Driving Key Technology 629
4.18 Schneider Electric Smart City Carson City Initiative 632

5. Self-Driving Cars and Trucks Company Descriptions 633
5.1 Alphabet, Waymo: Google 633
5.1.1 Alphabet Google Positioning 635
5.1.2 Alphabet / Google 636
5.1.3 Alphabet Revenue 638
5.1.4 Google Revenue 639
5.1.5 Alphabet / Waymo 641
5.1.6 Alphabet Waymo Self-Driving Car Fleet 641
5.1.7 Waymo Deal with Fiat Chrysler Automobiles 643
5.1.8 Google 646
5.1.9 Google Search Technology 647
5.1.10 Google Recognizes World Is Increasingly Mobile 647
5.1.11 Google Nest 648
5.1.12 Google / Nest Safety History 649
5.1.13 Google / Nest Learning Thermostat 651
5.1.14 Google Chromecast 652
5.1.15 Google Self-Driving Car 653
5.1.16 Google Cars Address Vast Majority Of Vehicle Accidents Due To Human
Error 656
5.1.17 Google Business 657
5.1.18 Google Corporate 658
5.1.19 Google Search 659
5.1.20 Google 660
5.1.21 Google / Boston Dynamics 661
5.1.22 Boston Dynamics LS3 - Legged Squad Support Systems 662
5.2 Alps Electric 664
5.3 Amazon 670
5.3.1 Amazon Business 670
5.3.2 Amazon Competition 671
5.3.3 Amazon Description 673
5.3.4 Amazon Revenue 678
5.4 Argo AI 680
5.5 Apple 681
5.5.4 Apple / AuthenTec 684
5.5.5 Apple 685
5.5.6 Apple Business Strategy 686
5.5.7 Apple Products 689
5.5.8 Apple iPhone 690
5.5.9 Apple Mac Hardware Products 690
5.5.10 Apple iPod 691
5.5.11 Apple iTunes® 692
5.5.12 Apple Mac App Store 692
5.5.13 Apple iCloud 693
5.5.14 Apple Software Products and Computer Technologies 693
5.5.15 Apple Operating System Software iOS 693
5.5.16 Apple Mac OS X 694
5.5.17 Apple Third-Largest Mobile Phone Maker 694
5.5.18 Apple Revenue 695
5.5.19 Apple Regional Segment Operating Performance 697
5.6 Autoliv 699
5.7 BAE Systems 702
5.8 BMW 705
5.7.1 BMW Strategy 705
5.7.2 BMW Revenue 706
5.8 Bosch Group 709
5.8.1 Evatran Group Plugless Sales Go Live with Bosch 710
5.8.2 Bosch Deepfield Robotics 710
5.8.3 Bosch Business Overview 711
5.8.4 Bosch Group Reorganized Its Business Sectors 711
5.8.5 Bosch Group 714
5.8.6 Bosch Security Systems Division 717
5.9 CNH Industrial 717
5.10 Daimler AG/Mercedes-Benz 723
5.10.1 Daimler Mobility 728
5.10.2 Daimler Autonomous Vehicles 729
5.10.3 Daimler Shared Services 731
5.10.4 Daimler Electric Mobility 733
5.10.5 Daimler AG Revenue 734
5.11 Delphi Automotive 741
5.11.1 Delphi Adaptive Cruise Control 743
5.12 Eaton 748
5.13 ECA Self-Driving 749
5.14 Elbit Systems 751
5.14.1 Elbit Systems Principal Market Environment 755
5.14.2 Elbit Systems 756
5.14.3 Elbit Systems Principal Market Environment 758
5.15 Evatran Group 759
5.16 Fiat Chrysler 760
5.16.1 Chrysler / Dodge 761
5.16.2 Chrysler Revenue 762
5.17 Ford 763
5.17.1 Ford Pickup 764
5.17.2 Ford Argo AI Artificial Intelligence Company 765
5.17.3 Ford Argo AI 768
5.17.4 Ford Investments And Partnerships To Help With Autonomous Vehicle
Development 768
5.17.5 Ford Continuing To Chase Automotive Market Volume 769
5.17.6 Ford Business 770
5.17.7 Ford Motor Vehicle Fuel Economy 773
5.17.8 Ford Revenue 773
5.18 G-NIUS 774
5.19 General Dynamics 776
5.19.1 General Dynamics Revenue 777
5.19.2 General Dynamics Self-Driving Systems 778
5.19.3 General Dynamics Self-Driving Systems (GDRS) Vision 779
5.19.4 General Dynamics Self-Driving Systems (GDRS) Manufacturing 779
5.19.5 General Dynamics Autonomous Land And Air Vehicle Development 780
5.20 General Motors 781
5.20.1 General Motors Positioning 781
5.20.2 GM European Business Exit 782
5.20.3 General Motors (GM) Acquired Cruise Automation 784
5.20.4 GM Investment in Lyft 784
5.20.5 GM 785
5.20.6 GM Chevrolet Impala 785
5.20.7 General Motors (GM) Redefinig Itself 786
5.20.8 GM Business 788
5.20.9 GM Strategy 788
5.20.10 GM / Buick 790
5.21 Honda 790
5.22 Health Slam - IoT Slam 791
5.23 Huawei 792
5.23.1 Huawei 2016 Business 792
5.23.2 Huawei Smart Devices 793
5.23.3 Huawei Regional Strengths 794
5.23.4 Huawei Building Cloud Ecosystem 795
5.23.5 Huawei Adopting a Product + Service Strategy 796
5.23.6 Huawei Vision & Mission 799
5.23.7 Huawei Strategy 800
5.23.8 Huawei Corporate Governance 800
5.23.9 Huawei Research & Development 800
5.23.10 Huawei Cyber Security 800
5.23.11 Huawei Partners with China Telecom, Shenzhen Gas On Smart Utility
800
5.24 Hyundai 802
5.24.1 Hyundai Autonomous Vehicle Uses Olympus Digital Camera and Maps
803
5.25 IBM Corporation 803
5.25.1 IBM IoT Strategy 804
5.25.2 IBM Cloud Computing 806
5.25.3 IBM Business Model 807
5.25.4 IBM 808
5.25.5 IBM Messaging Extension for Web Application Pattern 808
5.25.6 IBM MobileFirst 808
5.25.7 IBM Business Analytics and Optimization Strategy 809
5.25.8 IBM Growth Market Initiatives 809
5.25.9 IBM Business Analytics and Optimization 810
5.25.10 IBM Strategy Addresses Volatility of Information Technology (IT)
Systems 811
5.26 Infineon Technologies AG 813
5.26.1 Infineon Automotive 814
5.26.2 Infineon Industrial Power Control 814
5.26.3 Infineon Power Management & Multimarket 815
5.26.4 Infineon Chip Card & Security 815
5.27 Intel Corporation 816
5.27.1 Intel Buys Mobileye 818
5.27.2 Intel / Mobileye 822
5.27.3 Intel Company Strategy 824
5.27.4 Intel In The Internet Of Things Market Segment 826
5.27.5 Intel Competitive Advantages 827
5.27.6 Intel Acquires Mobileye 829
5.28 International Truck 829
5.29 John Deere 830
5.29.1 John Deere Revenue 833
5.29.2 John Deere Patents Hybrid Harvesters And Mobile Robots 834
5.30 Kairos Autonami 836
5.30.1 Kairos Autonomi Autonomy ROI 837
5.30.2 Kairos Autonomi Upgrades Self-driving Conversion Kit 837
5.31 Knorr-Bremse Group 838
5.31.1 Knorr-Bremse Leading Player In Electronic Controls And Driver
Assistance Systems 838
5.32 Kongsberg 839
5.32.1 Kongsberg CORTEX 839
5.33 Lockheed Martin 840
5.33.1 Lockheed Martin Electronic Systems 850
5.33.2 Lockheed Martin 851
5.34 Logitech 851
5.34.1 Logitech Makes A Wheel And Pedals For Vehicle Self-Driving Mode 853
5.35 Mesa Self-Driving 855
5.35.1 Systems Development Division of Mesa Associates 855
5.35.2 Mesa Self-Driving Affordable Solutions 857
5.35.3 Mesa Self-drivings Revenue 859
5.36 Microsoft 859
5.36.1 Microsoft / Mojang AB Minecraft 859
5.36.2 Microsoft Reportable Segments 859
5.36.3 Microsoft Intelligent Cloud 861
5.36.4 Microsoft Revenue by Segment 862
5.36.5 Skype and Microsoft 864
5.36.6 Microsoft / Skype / GroupMe Free Group Messaging 865
5.36.7 Microsoft SOA 866
5.36.8 Microsoft .Net Open Source 868
5.37 Mitsubishi 869
5.38 Mobileye 870
5.39 Nissan 871
5.39.1 Nissan Revenue 874
5.40 Northrop Grumman 875
5.41 NVIDIA 876
5.42 oneM2M 876
5.43 PACCAR 878
5.44 Peloton Technology 879
5.45 Qualcomm 880
5.45.1 Qualcomm Business 881
5.45.2 QMC Offers Comprehensive Chipset Solutions 881
5.45.3 Qualcomm Government Technologies 883
5.45.4 Qualcomm Internet Services 884
5.45.5 Qualcomm Ventures 885
5.45.6 Qualcomm / WiPower 888
5.45.7 Qualcomm Standardization Capabilities 889
5.45.8 Qualcomm Regulatory and Compliance Capabilities 889
5.45.9 Qualcomm (QCOM, Tech30) Acquires NXP Semiconductors (NXPI 889
5.46 Robosoft 890
5.47 Samsung 890
5.47.1 Samsung Finds Talent And Adapts Technology To Create Products 892
5.47.2 Samsung Adapts to Change, Samsung Embraces Integrity 893
5.47.3 Samsung Telecom Equipment Group 894
5.47.4 Samsung Memory Over Logic 895
5.47.5 Samsung Agreed to Buy Harman 896
5.47.6 Harman International Industries (ADITI TECHNOLOGIES) 896
5.48 SAP 897
5.48.1 SAP Easier IoT Adoption: 898
5.49 SEAT 899
5.50 Softbank 900
5.50.1 SoftBank Segments 901
5.50.2 Softbank Personal Brain “IBM Watson” 902
5.50.3 Softbank Sprint Segment 903
5.50.4 Softbank Yahoo Japan Segment 904
5.50.5 Softbank E-Commerce Business 905
5.50.6 Softbank Distribution Segment 906
5.50.7 Fukuoka SoftBank HAWKS Related Business and Other Businesses 908
5.50.8 SoftBank ARM Acquisition Brings Internet of Things 909
5.51 Subaru 910
5.51.1 Subaru Automotive Business 911
5.51.2 Subaru of America 911
5.51.3 Fuji Heavy Industries / Subaru 912
5.51.4 Subaru Automotive Business 913
5.51.5 Subaru of America 913
5.52 Symantec 914
5.52.1 Symantec / Norton 917
5.52.2 Norton Data-Driven Intelligence Network 918
5.52.3 Symantec / Norton Honeypots and Decoys 919
5.52.4 Symantec Security in Information-Driven World 921
5.52.5 Symantec Core Business Positioned for Growth 921
5.52.6 Symantec Acquires VeriSign Security Business 923
5.52.7 VeriSign Check Mark Signifying Trust Online 923
5.52.8 Symantec Creating Trusted Interactions Online 924
5.53 Tata Motors Limited / Jaguar / Land Rover 925
5.53.1 Jaguar Land Rover 925
5.54 Tesla 925
5.54.1 Tesla’s Mission Is To Accelerate The World’s Transition To Sustainable
Transport 927
5.54.2 Tesla Autopilot 930
5.55 Thales Group 931
5.55.1 Thales Core Businesses 932
5.55.2 Thales: - A Global Player 932
5.55.3 Thales Key Technology Domains 934
5.55.4 Thales Open Research 934
5.55.5 Thales Stance on Environment 935
5.55.6 Thales Product Design 935
5.55.7 Thales Site Management 936
5.55.8 Thales Alenia Space Integration Of Service Module For The Fourth ATV
936
5.55.9 Thales Sonar ‘Excels’ In Anti-Submarine Warfare Exercise 937
5.55.10 Thales Group Ground Alerter 10 939
5.55.11 Thales Group Ground Master 400 (GM 400) 940
5.55.12 Thales Group Ground Smarter 1000 941
5.55.13 Thales Group 942
5.56 Toyota / Lexus 944
5.56.1 Lexus Division of Toyota Motor Sales 945
5.56.2 Toyota / Lexus 945
5.56.3 Toyota 946
5.56.4 Toyota Avalon Wireless Charging Pad 946
5.57 Uber 949
5.57.1 Uber 950
5.57.2 Uber Revenue 951
5.58 Valeo 953
5.59 Vecna Technologies 959
5.60 Versa Capital Management 959
5.60.1 Versa Capital Management / Allen Vanguard 960
5.60.2 Allen Vanguard Rapid Development 963
5.61 Volkswagen 968
5.61.1 Volkswagon Brands 970
5.61.2 Porsche SE 971
5.61.3 Porsche SE 971
5.61.4 Volkswagen / Audi 973
5.61.5 Audi Gets The Second Driverless Car Permit In Nevada 973
5.62 Volvo 973
5.62.1 Volvo Revenue 974
5.63 Visteon 976
5.63.1 Visteon Revenue 977
5.64 WiTricity 979
5.65 Zebra 981
5.65.1 NFL And Zebra Technologies Expand On Third Year Of Game-Changing
Partnership 984
5.65.2 Zebra Instrumented Football 984
5.65.3 Zebra Regional Analysis 987
5.66 ZF988
5.66.1 ZF Swarm Intelligence 988
5.66.2 ZF Friedrichshafen AG 991
5.67 ZTE 992
5.67.1 ZTE Demonstrates Smart NB-IoT solutions 992
5.68 Self-Driving Vehicle Companies 994
5.68.1 List of Companies Examined For Ranking by ADAS Revenues 997

Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output (<8 kW, 8-15 k...

Publisher:        MarketsandMarkets

# of Pages:        263

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1 User License $4,950

Publication Date:  March, 2022

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1 INTRODUCTION 33
1.1 OBJECTIVES 33
1.2 MARKET PRODUCT DEFINITION 33
1.2.1 INCLUSIONS & EXCLUSIONS 34
1.3 MARKET SCOPE 35
FIGURE 1 MARKET SEGMENTATION: LOW-SPEED VEHICLE MARKET 35
1.3.1 YEARS CONSIDERED IN THE STUDY 36
1.4 CURRENCY CONSIDERED 36
1.5 SUMMARY OF CHANGES 36
1.6 STAKEHOLDERS 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 LOW-SPEED VEHICLE MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.1.1 List of key secondary sources to estimate base numbers 40
2.1.1.2 List of key secondary sources for market sizing 41
2.1.1.3 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Breakdown of primary interviews 42
2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 44
2.2.1 BOTTOM-UP APPROACH 44
FIGURE 4 BOTTOM-UP APPROACH: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE & COUNTRY 44
2.2.2 TOP-DOWN APPROACH 45
FIGURE 5 TOP-DOWN APPROACH: LOW-SPEED VEHICLE MARKET, BY PROPULSION AND APPLICATION 45
FIGURE 6 LOW-SPEED VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY 46
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE 47
2.3 FACTOR ANALYSIS 48
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 7 DATA TRIANGULATION 49
2.5 RESEARCH ASSUMPTIONS 50
TABLE 1 ASSUMPTIONS 50
2.6 RESEARCH LIMITATIONS 51
 
3 EXECUTIVE SUMMARY 52
3.1 PRE- VS POST-COVID-19 SCENARIO 52
FIGURE 8 PRE- & POST-COVID-19 SCENARIO: LOW-SPEED VEHICLE MARKET SIZE, 2019–2027 (USD MILLION) 52
TABLE 2 LOW-SPEED VEHICLE SIZE: PRE- VS. POST-COVID-19 SCENARIO,
2019–2027 (USD MILLION) 52
3.2 REPORT SUMMARY 53
FIGURE 9 LOW-SPEED VEHICLE SIZE, BY VEHICLE TYPE, 2021 VS. 2027 54
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES IN LOW-SPEED VEHICLE MARKET 56
FIGURE 10 RISING DEMAND FROM END USE SECTORS LIKE INDUSTRIAL FACILITIES AND AIRPORTS TO DRIVE THE MARKET 56
4.2 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE 57
FIGURE 11 COMMERCIAL TURF UTILITY VEHICLES HELD LARGEST MARKET IN
2021 (USD MILLION) 57
4.3 LOW-SPEED VEHICLE MARKET, BY PROPULSION 57
FIGURE 12 ELECTRIC PROPULSION TO DOMINATE THE MARKET 57
4.4 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE 58
FIGURE 13 LI-ION TO HOLD LARGEST MARKET DURING FORECAST PERIOD 58
4.5 LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE 58
FIGURE 14 GOLF COURSES HELD LARGEST MARKET IN 2021 58
4.6 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT 59
FIGURE 15 <8 KW HELD LARGEST MARKET IN 2021 59
4.7 LOW SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY 59
FIGURE 16 L7 VEHICLE ACCOUNTS MAXIMUM SHARE BY CATEGORY SEGMENT 59
4.8 LOW-SPEED VEHICLE MARKET, BY REGION 60
FIGURE 17 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF
THE MARKET 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 62
FIGURE 18 LOW-SPEED VEHICLE MARKET: MARKET DYNAMICS 62
5.2.1 DRIVERS 62
5.2.1.1 Rising geriatric population 62
FIGURE 19 PERCENTAGE OF POPULATION AGE 65 & ABOVE, US, 1996-2020 63
5.2.1.2 Growing popularity for golf 63
5.2.1.3 Growing electric vehicle charging infrastructure 64
FIGURE 20 NUMBER OF EV CHARGING STATION LOCATIONS AND EVSE PORTS IN US, 2021 64
FIGURE 21 NUMBER OF CHARGING STATIONS IN TOP 10 COUNTRIES IN EUROPE, 2020 65
5.2.2 RESTRAINTS 65
5.2.2.1 High costs restraining adoption in developing and underdeveloped regions 65
5.2.2.2 Lack of safety standards/equipment 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Increasing real estate and commercial sector 66
5.2.3.2 Increasing developments of autonomous and connected technologies 67
5.2.4 CHALLENGES 67
5.2.4.1 Cost reduction and improved energy density of EV batteries 67
5.3 PORTER’S FIVE FORCES ANALYSIS 68
TABLE 3 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 22 PORTER’S FIVE FORCES 69
5.3.1 INTENSITY OF COMPETITIVE RIVALRY 69
5.3.2 THREAT OF SUBSTITUTES 70
5.3.3 BARGAINING POWER OF SUPPLIERS 70
5.3.4 BARGAINING POWER OF BUYERS 70
5.3.5 THREAT OF NEW ENTRANTS 71
5.4 CASE STUDIES 71
5.4.1 GOLF CAR POWERTRAIN NVH SOURCES AND MITIGATION METHODS 71
5.4.2 GOLF CARTS MAKING ROUNDS IN SOME COMMUNITIES 71
5.4.3 INVESTIGATION INTO CONVERSION OF FLEET OF PLUG-IN-ELECTRIC GOLF CARTS INTO SOLAR-POWERED VEHICLES USING FUZZY LOGIC CONTROL 73
5.4.4 DESIGN AND CONSTRUCTION OF AN AUTONOMOUS GOLF CART; ANALYZING CASE STUDIES OF TRANSITIONING FROM HUMAN-DRIVING TO SELF-DRIVING VEHICLES 75
5.4.5 IMPACTS OF LOW-SPEED VEHICLES ON TRANSPORTATION INFRASTRUCTURE AND SAFETY 76
5.5 PATENT ANALYSIS 77
5.6 LOW-SPEED VEHICLE: IN MARKET SCENARIO 82
FIGURE 23 LOW-SPEED VEHICLE MARKET SCENARIO, 2019–2027 (USD MILLION) 82
5.6.1 REALISTIC SCENARIO 82
TABLE 4 LOW-SPEED VEHICLE (REALISTIC SCENARIO), BY REGION,
2019–2027 (USD MILLION) 82
5.6.2 LOW IMPACT SCENARIO 83
TABLE 5 LOW-SPEED VEHICLE MARKET (LOW IMPACT SCENARIO), BY REGION,
2019–2027 (USD MILLION) 83
5.6.3 HIGH IMPACT SCENARIO 83
TABLE 6 LOW-SPEED VEHICLE MARKET (HIGH IMPACT SCENARIO), BY REGION,
2019–2027 (USD MILLION) 84
5.7 SUPPLY CHAIN ANALYSIS 84
FIGURE 24 SUPPLY CHAIN ANALYSIS: LOW-SPEED VEHICLE MARKET 84
5.8 MARKET ECOSYSTEM 85
FIGURE 25 LOW-SPEED VEHICLE MARKET ECOSYSTEM 85
TABLE 7 ROLE OF COMPANIES IN LOW-SPEED VEHICLE MARKET ECOSYSTEM 85
5.9 AVERAGE SELLING PRICE (ASP) ANALYSIS 87
TABLE 8 AVERAGE SELLING PRICE (ASP), BY REGION 87
TABLE 9 AVERAGE SELLING PRICE (ASP), BY VEHICLE TYPE 87
5.10 REGULATORY ANALYSIS 88
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 89
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 13 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
5.10.2 REGULATORY ANALYSIS FOR LOW-SPEED VEHICLES, BY COUNTRY 90
TABLE 14 US: LIST OF REGULATIONS FOR LOW-SPEED VEHICLES 90
TABLE 15 CANADA: LIST OF REGULATIONS FOR LOW-SPEED VEHICLES 92
TABLE 16 EUROPE/ASIA: LIST OF REGULATIONS FOR LOW-SPEED VEHICLES 93
5.11 TRADE ANALYSIS 93
TABLE 17 IMPORT TRADE DATA: 870310 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 93
TABLE 18 EXPORT TRADE DATA: 870310 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 94
TABLE 19 IMPORT TRADE DATA: 870899 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 94
TABLE 20 EXPORT TRADE DATA: 870899 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 95
TABLE 21 IMPORT TRADE DATA: 843280 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 95
TABLE 22 EXPORT TRADE DATA: 843280 HS CODE, BY KEY COUNTRIES,
2020 (THOUSAND USD) 96
5.12 TECHNOLOGY TREND 96
5.12.1 FUTURE IS OF ELECTRIC TECHNOLOGY 96
5.12.2 ADVANCED FEATURES FOR LUXURY AND SAFETY 97
5.13 KEY CONFERENCES & EVENTS IN 2022-2023 97
TABLE 23 LOW-SPEED VEHICLE MARKET: DETAILED LIST OF CONFERENCES & EVENTS 97
6 RECOMMENDATIONS BY MARKETSANDMARKETS 99
6.1 NORTH AMERICA IS EXPECTED TO LEAD THE MARKET 99
6.2 KEY FOCUS AREAS: SAFETY FEATURES AND ELECTRIC VEHICLES 99
6.3 CONCLUSION 100
7 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE 101
7.1 INTRODUCTION 102
7.1.1 RESEARCH METHODOLOGY 102
7.1.2 ASSUMPTIONS 102
7.1.3 INDUSTRY INSIGHTS 103
FIGURE 26 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021 VS. 2027 (USD MILLION) 103
TABLE 24 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 103
TABLE 25 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 104
TABLE 26 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 104
TABLE 27 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 104
7.2 GOLF CART 105
7.2.1 INCREASE IN NUMBER OF REGISTRATIONS AND INVESTMENTS TO DRIVE DEMAND 105
TABLE 28 GOLF CARTS MARKET, BY REGION, 2017–2020 (UNITS) 105
TABLE 29 GOLF CARTS MARKET, BY REGION, 2021–2027 (UNITS) 105
TABLE 30 GOLF CARTS MARKET, BY REGION, 2017–2020 (USD MILLION) 106
TABLE 31 GOLF CARTS MARKET, BY REGION, 2021–2027 (USD MILLION) 106
7.3 COMMERCIAL TURF UTILITY VEHICLE 106
7.3.1 GROWTH OF HOTELS & RESORTS TO DRIVE DEMAND 106
TABLE 32 COMMERCIAL TURF UTILITY VEHICLES MARKET, BY REGION,
2017–2020 (UNITS) 107
TABLE 33 COMMERCIAL TURF UTILITY VEHICLES MARKET, BY REGION,
2021–2027 (UNITS) 107
TABLE 34 COMMERCIAL TURF UTILITY VEHICLES MARKET, BY REGION,
2017–2020 (USD MILLION) 107
TABLE 35 COMMERCIAL TURF UTILITY VEHICLES MARKET, BY REGION,
2021–2027 (USD MILLION) 108
7.4 INDUSTRIAL UTILITY VEHICLE 108
7.4.1 GROWING CONSTRUCTION SECTOR TO DRIVE DEMAND 108
TABLE 36 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 109
TABLE 37 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 109
TABLE 38 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 109
TABLE 39 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 110
7.5 PERSONAL MOBILITY VEHICLE 110
7.5.1 RISE IN DOMESTIC TRAVEL TO DRIVE DEMAND 110
TABLE 40 PERSONAL MOBILITY VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 110
TABLE 41 PERSONAL MOBILITY VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 111
TABLE 42 PERSONAL MOBILITY VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 111
TABLE 43 PERSONAL MOBILITY VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 111
 
8 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT 112
8.1 INTRODUCTION 113
8.1.1 RESEARCH METHODOLOGY 113
8.1.2 ASSUMPTIONS 113
8.1.3 INDUSTRY INSIGHTS 113
FIGURE 27 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT,
2021 VS. 2027 (USD MILLION) 114
TABLE 44 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, 2017–2020 (UNITS) 114
TABLE 45 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, 2021–2027 (UNITS) 114
TABLE 46 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT,
2017–2020 (USD MILLION) 115
TABLE 47 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION) 115
8.2 <8 KW 115
8.2.1 RISING DEMAND IN GOLF COURSES TO DRIVE THE SEGMENT 115
TABLE 48 <8 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 116
TABLE 49 <8 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 116
TABLE 50 <8 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 51 <8 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 117
8.3 8 –15 KW 117
8.3.1 GROWTH OF HOSPITALITY SECTOR TO DRIVE THE SEGMENT 117
TABLE 52 8 –15 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 117
TABLE 53 8 –15 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 118
TABLE 54 8 –15 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 118
TABLE 55 8 –15 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 118
8.4 >15 KW 119
8.4.1 RISING DEMAND FROM MAJOR INDUSTRIES TO DRIVE THE SEGMENT 119
TABLE 56 >15 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 119
TABLE 57 >15 KW: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 120
TABLE 58 >15 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 120
TABLE 59 >15 KW: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 120
9 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE 121
9.1 INTRODUCTION 122
9.1.1 RESEARCH METHODOLOGY 122
9.1.2 ASSUMPTIONS 122
9.1.3 INDUSTRY INSIGHTS 123
FIGURE 28 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE,
2021 VS. 2027 (USD MILLION) 123
TABLE 60 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE, 2017–2020 (UNITS) 123
TABLE 61 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE, 2021–2027 (UNITS) 124
TABLE 62 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE,
2017–2020 (USD MILLION) 124
TABLE 63 LOW-SPEED VEHICLE MARKET, BY BATTERY TYPE,
2021–2027 (USD MILLION) 124
9.2 LITHIUM-ION (LI-ION) 124
9.2.1 SEVERAL WORKING ADVANTAGES OVER LEAD-ACID BATTERY TO DRIVE DEMAND 124
TABLE 64 LI-ION: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 125
TABLE 65 LI-ION: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 125
TABLE 66 LI-ION: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 126
TABLE 67 LI-ION: GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 126
9.3 LEAD-ACID 126
9.3.1 LOW EFFICIENCY AND HAZARDOUS NATURE LEADING TO DECREASE IN DEMAND 126
TABLE 68 LEAD ACID: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 127
TABLE 69 LEAD ACID: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 127
TABLE 70 LEAD ACID: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 127
TABLE 71 LEAD ACID: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 128
10 LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE 129
10.1 INTRODUCTION 130
10.1.1 RESEARCH METHODOLOGY 130
10.1.2 ASSUMPTIONS 130
10.1.3 INDUSTRY INSIGHTS 131
FIGURE 29 LOW-SPEED VEHICLE MARKET, BY APPLICATION,
2021 VS. 2027 (USD MILLION) 131
TABLE 72 LOW-SPEED VEHICLE MARKET, BY APPLICATION, 2017–2020 (UNITS) 131
TABLE 73 LOW-SPEED VEHICLE MARKET, BY APPLICATION, 2021–2027 (UNITS) 132
TABLE 74 LOW-SPEED VEHICLE MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 132
TABLE 75 LOW-SPEED VEHICLE MARKET, BY APPLICATION, 2021–2027 (USD MILLION) 132
10.2 GOLF COURSES 133
10.2.1 DEVELOPMENT OF NEW GOLF COURSES TO DRIVE DEMAND 133
TABLE 76 GOLF COURSES: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (UNITS) 133
TABLE 77 GOLF COURSES: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (UNITS) 133
TABLE 78 GOLF COURSES: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 134
TABLE 79 GOLF COURSES: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 134
10.3 HOTELS & RESORTS 134
10.3.1 INVESTMENTS IN HOSPITALITY SECTOR TO DRIVE DEMAND 134
TABLE 80 HOTELS & RESORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (UNITS) 135
TABLE 81 HOTELS & RESORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (UNITS) 135
TABLE 82 HOTELS & RESORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 135
TABLE 83 HOTELS & RESORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 136
10.4 AIRPORTS 136
10.4.1 INCREASE IN AIRPORT OPERATIONS TO DRIVE DEMAND 136
TABLE 84 AIRPORTS: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 137
TABLE 85 AIRPORTS: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 137
TABLE 86 AIRPORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 137
TABLE 87 AIRPORTS: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 138
10.5 INDUSTRIAL FACILITIES 138
10.5.1 GROWTH OF CONSTRUCTION AND MANUFACTURING SECTOR TO DRIVE DEMAND 138
TABLE 88 INDUSTRIAL FACILITIES: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (UNITS) 138
TABLE 89 INDUSTRIAL FACILITIES: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (UNITS) 139
TABLE 90 INDUSTRIAL FACILITIES: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 139
TABLE 91 INDUSTRIAL FACILITIES: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 139
10.6 OTHERS 140
TABLE 92 OTHERS: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 140
TABLE 93 OTHERS: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 140
TABLE 94 OTHERS: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 141
TABLE 95 OTHERS: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 141
11 LOW-SPEED VEHICLE MARKET, BY PROPULSION 142
11.1 INTRODUCTION 143
11.1.1 RESEARCH METHODOLOGY 143
11.1.2 ASSUMPTIONS 143
11.1.3 INDUSTRY INSIGHTS 143
FIGURE 30 LOW-SPEED VEHICLE MARKET, BY PROPULSION,
2021 VS. 2027 (USD MILLION) 144
TABLE 96 LOW-SPEED VEHICLE MARKET, BY PROPULSION, 2017–2020 (UNITS) 144
TABLE 97 LOW-SPEED VEHICLE MARKET, BY PROPULSION, 2021–2027 (UNITS) 144
TABLE 98 LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 145
TABLE 99 LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE,
2021–2027 (USD MILLION) 145
11.2 ELECTRIC 145
11.2.1 INVESTMENTS IN CHARGING INFRASTRUCTURE TO DRIVE DEMAND 145
TABLE 100 ELECTRIC: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 146
TABLE 101 ELECTRIC: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 146
TABLE 102 ELECTRIC: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 146
TABLE 103 ELECTRIC: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 147
11.3 GASOLINE 147
11.3.1 RANGE ANXIETY OF ELECTRIC VEHICLES TO DRIVE DEMAND 147
TABLE 104 GASOLINE: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 147
TABLE 105 GASOLINE: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 148
TABLE 106 GASOLINE: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 148
TABLE 107 GASOLINE: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 148
11.4 DIESEL 149
11.4.1 LACK OF CHARGING INFRASTRUCTURE IN ROW TO DRIVE DEMAND 149
TABLE 108 DIESEL: GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (UNITS) 149
TABLE 109 DIESEL: GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (UNITS) 149
TABLE 110 DIESEL: GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 150
TABLE 111 DIESEL: GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 150
12 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY 151
12.1 INTRODUCTION 152
12.1.1 RESEARCH METHODOLOGY 152
12.1.2 ASSUMPTIONS 152
FIGURE 31 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY,
2021 VS. 2027 (USD MILLION) 153
TABLE 112 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY,
2017–2020 (UNITS) 153
TABLE 113 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY,
2021–2027 (UNITS) 153
TABLE 114 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY,
2017–2020 (USD MILLION) 154
TABLE 115 LOW-SPEED VEHICLE (L6 AND L7) MARKET, BY CATEGORY,
2021–2027 (USD MILLION) 154
 
12.2 L7 VEHICLE 154
12.2.1 HIGHER DEMAND FROM JAPAN, CHINA, US, AND EUROPEAN COUNTRIES TO DRIVE THE SEGMENT 154
TABLE 116 L7 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 155
TABLE 117 L7 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 155
TABLE 118 L7 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 155
TABLE 119 L7 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 156
12.3 L6 VEHICLE 156
12.3.1 INVESTMENTS IN GOLF AND HOSPITALITY TO DRIVE THE SEGMENT 156
TABLE 120 L6 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 157
TABLE 121 L6 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 157
TABLE 122 L6 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION,
2017–2020 (USD MILLION) 157
TABLE 123 L6 VEHICLE: LOW-SPEED VEHICLE MARKET, BY REGION,
2021–2027 (USD MILLION) 158
13 LOW-SPEED VEHICLE MARKET, BY REGION 159
13.1 INTRODUCTION 160
13.1.1 RESEARCH METHODOLOGY 160
13.1.2 ASSUMPTIONS 160
FIGURE 32 INDUSTRY INSIGHTS 161
FIGURE 33 LOW-SPEED VEHICLE MARKET, BY REGION, 2021 VS. 2027 (USD MILLION) 161
TABLE 124 LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (UNITS) 161
TABLE 125 LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (UNITS) 162
TABLE 126 LOW-SPEED VEHICLE MARKET, BY REGION, 2017–2020 (USD MILLION) 162
TABLE 127 LOW-SPEED VEHICLE MARKET, BY REGION, 2021–2027 (USD MILLION) 162
13.2 ASIA PACIFIC 163
FIGURE 34 ASIA PACIFIC: LOW-SPEED VEHICLE MARKET, 2021 VS. 2027 (USD MILLION) 163
TABLE 128 ASIA PACIFIC: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (UNITS) 164
TABLE 129 ASIA PACIFIC: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (UNITS) 164
TABLE 130 ASIA PACIFIC: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 164
TABLE 131 ASIA PACIFIC: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 165
13.2.1 CHINA 165
13.2.1.1 Growth of industrial sector to drive the market 165
TABLE 132 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 165
TABLE 133 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 166
TABLE 134 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 166
TABLE 135 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 166
13.2.2 INDIA 167
13.2.2.1 Growth in tourism and hospitality sectors to drive the market 167
TABLE 136 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 167
TABLE 137 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 167
TABLE 138 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 168
TABLE 139 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 168
13.2.3 JAPAN 168
13.2.3.1 High demand for industrial utility vehicles to drive the market 168
TABLE 140 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 169
TABLE 141 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 169
TABLE 142 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 169
TABLE 143 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 170
13.2.4 SOUTH KOREA 170
13.2.4.1 High growth opportunities in tourism sector to drive the market 170
TABLE 144 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 170
TABLE 145 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 171
TABLE 146 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 171
TABLE 147 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 171
13.2.5 THAILAND 172
13.2.5.1 Affordable golfing demand to drive the market 172
TABLE 148 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 172
TABLE 149 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 172
TABLE 150 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 173
TABLE 151 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 173
13.2.6 REST OF ASIA PACIFIC 173
13.3 NORTH AMERICA 174
FIGURE 35 NORTH AMERICA: LOW-SPEED VEHICLE MARKET SNAPSHOT 175
TABLE 152 NORTH AMERICA: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (UNITS) 175
TABLE 153 NORTH AMERICA: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (UNITS) 176
TABLE 154 NORTH AMERICA: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 176
TABLE 155 NORTH AMERICA: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 176
13.3.1 US 177
13.3.1.1 Rising demand for zero-emission vehicles to drive the market 177
TABLE 156 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 177
TABLE 157 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 177
TABLE 158 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 178
TABLE 159 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 178
13.3.2 MEXICO 178
13.3.2.1 Growing hospitality sector to drive the market 178
TABLE 160 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 179
TABLE 161 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 179
TABLE 162 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 179
TABLE 163 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 180
13.3.3 CANADA 180
13.3.3.1 Developments in golf industry to drive the market 180
TABLE 164 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 180
TABLE 165 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 181
TABLE 166 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 181
TABLE 167 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 181
13.4 EUROPE 182
FIGURE 36 EUROPE: LOW-SPEED VEHICLE MARKET SNAPSHOT IN EUROPE 183
TABLE 168 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2017–2020 (UNITS) 183
TABLE 169 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2021–2027 (UNITS) 184
TABLE 170 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 184
TABLE 171 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 184
13.4.1 UK 185
13.4.1.1 Growing tourism industry to drive the market 185
TABLE 172 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 185
TABLE 173 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 185
TABLE 174 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 186
TABLE 175 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 186
13.4.2 FRANCE 186
13.4.2.1 Growing popularity of golf to drive the market 186
TABLE 176 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 187
TABLE 177 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 187
TABLE 178 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 187
TABLE 179 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 188
13.4.3 GERMANY 188
13.4.3.1 Increase in popularity of golf to drive the market 188
TABLE 180 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 188
TABLE 181 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 189
TABLE 182 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 189
TABLE 183 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 189
13.4.4 NORDIC COUNTRIES 190
13.4.4.1 Tourism development to drive the market 190
TABLE 184 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 190
TABLE 185 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 190
TABLE 186 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 191
TABLE 187 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 191
13.4.5 ITALY 191
13.4.5.1 Growth of tourism sector to drive the market 191
TABLE 188 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 192
TABLE 189 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 192
TABLE 190 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 192
TABLE 191 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 193
13.4.6 SPAIN 193
13.4.6.1 Increasing golf popularity to drive the market 193
TABLE 192 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 193
TABLE 193 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 194
TABLE 194 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 194
TABLE 195 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 194
13.5 REST OF THE WORLD (ROW) 195
FIGURE 37 ROW: LOW-SPEED VEHICLE MARKET, 2021 VS. 2027 (USD MILLION) 195
TABLE 196 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2017–2020 (UNITS) 195
TABLE 197 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2021–2027 (UNITS) 196
TABLE 198 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 196
TABLE 199 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 196
13.5.1 SOUTH AFRICA 196
13.5.1.1 Increase in number of golf courses to drive the market 196
TABLE 200 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 197
TABLE 201 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 197
TABLE 202 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 197
TABLE 203 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 198
13.5.2 BRAZIL 198
13.5.2.1 Golf hotels and world-class golf courses to drive the market 198
TABLE 204 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (UNITS) 198
TABLE 205 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (UNITS) 199
TABLE 206 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 199
TABLE 207 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 199
13.5.3 IRAN 200
13.5.3.1 Growth of travel and tourism industry to drive the market 200
TABLE 208 IRAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017–2020 (UNITS) 200
TABLE 209 IRAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2021–2027 (UNITS) 200
TABLE 210 IRAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2017–2020 (USD MILLION) 201
TABLE 211 IRAN: GLOBAL LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE,
2021–2027 (USD MILLION) 201
14 COMPETITIVE LANDSCAPE 202
14.1 OVERVIEW 202
14.2 LOW-SPEED VEHICLE MARKET SHARE ANALYSIS, 2020 202
TABLE 212 LOW-SPEED VEHICLE MARKET SHARE ANALYSIS, 2020 202
FIGURE 38 SHARE OF LEADING COMPANIES IN LOW-SPEED VEHICLE MARKET, 2020 203
14.3 COMPANY EVALUATION QUADRANT: LOW-SPEED VEHICLE MARKET SUPPLIERS 205
FIGURE 39 COMPETITIVE EVALUATION MATRIX: LOW-SPEED VEHICLE MARKET SUPPLIERS, 2021 205
14.3.1 STAR 206
14.3.2 EMERGING LEADERS 206
14.3.3 PERVASIVE 206
14.3.4 PARTICIPANTS 206
14.3.5 COMPETITIVE BENCHMARKING 207
TABLE 213 LOW-SPEED VEHICLE MARKET: COMPANY PRODUCT FOOTPRINT, 2021 207
TABLE 214 LOW-SPEED VEHICLE MARKET: COMPANY APPLICATION FOOTPRINT, 2021 208
TABLE 215 LOW-SPEED VEHICLE: COMPANY REGION FOOTPRINT, 2021 208
FIGURE 40 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS 209
14.4 COMPETITIVE SCENARIO 210
14.4.1 NEW PRODUCT LAUNCHES 210
TABLE 216 PRODUCT LAUNCHES, 2018–2022 210
14.4.2 DEALS 213
TABLE 217 DEALS, 2019–2022 213
14.4.3 OTHER DEVELOPMENTS, 2019–2022 218
TABLE 218 OTHER DEVELOPMENTS, 2019–2022 218
14.5 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2021 219
FIGURE 41 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND PARTNERSHIPS AS KEY GROWTH STRATEGIES, 2019–2021 219
14.6 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 220
FIGURE 42 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2018-2020 220

Electric Bus Market by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer, Range, Bus Length, Seating Capacity, Power Outpu...

Publisher:        MarketsandMarkets

# of Pages:        298

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Publication Date:  March, 2022

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1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS & EXCLUSIONS 25
TABLE 1 INCLUSIONS & EXCLUSIONS FOR ELECTRIC BUS MARKET 25
1.3 MARKET SCOPE 26
FIGURE 1 MARKET SEGMENTATION: ELECTRIC BUS MARKET 26
1.3.1 YEARS CONSIDERED FOR STUDY 27
1.4 PACKAGE SIZE 27
1.5 STAKEHOLDERS 27
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 ELECTRIC BUS MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key secondary sources for electric bus market 31
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
2.1.2.1 Sampling techniques & data collection methods 33
2.1.2.2 Primary participants 34
2.2 MARKET ESTIMATION METHODOLOGY 34
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
2.3 MARKET SIZE ESTIMATION 36
2.3.1 BOTTOM-UP APPROACH 36
FIGURE 6 BOTTOM-UP APPROACH: ELECTRIC BUS MARKET 36
FIGURE 7 BOTTOM-UP APPROACH (DEMAND SIDE): ELECTRIC BUS MARKET 37
2.3.2 TOP-DOWN APPROACH 37
FIGURE 8 TOP-DOWN APPROACH: ELECTRIC BUS MARKET 37
FIGURE 9 ELECTRIC BUS MARKET: RESEARCH DESIGN AND METHODOLOGY 38
FIGURE 10 DEMAND-SIDE APPROACH 38
FIGURE 11 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 39
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 12 DATA TRIANGULATION 40
2.5 FACTOR ANALYSIS 41
 
2.6 RESEARCH ASSUMPTIONS 41
2.7 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 13 ELECTRIC BUS MARKET: MARKET OVERVIEW 44
FIGURE 14 ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 44
FIGURE 15 ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC BUS MARKET 46
FIGURE 16 INCREASING DEMAND FOR FUEL-EFFICIENT AND EMISSION-FREE VEHICLES EXPECTED TO BOOST ELECTRIC BUS MARKET 46
4.2 ELECTRIC BUS MARKET, BY CONSUMER 46
FIGURE 17 GOVERNMENT SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 46
4.3 ELECTRIC BUS MARKET, BY PROPULSION 47
FIGURE 18 BEV SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 47
4.4 ELECTRIC BUS MARKET, BY RANGE 47
FIGURE 19 UP TO 200 MILES SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 47
4.5 ELECTRIC BUS MARKET, BY LENGTH OF BUS 48
FIGURE 20 9-14 M SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 48
4.6 ELECTRIC BUS MARKET, BY APPLICATION 48
FIGURE 21 INTRACITY SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 48
4.7 ELECTRIC BUS MARKET, BY POWER OUTPUT 49
FIGURE 22 UP TO 250 KW SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2021 TO 2027 (UNITS) 49
4.8 ELECTRIC BUS MARKET, BY COMPONENT 49
FIGURE 23 BATTERY SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (USD MILLION) 49
4.9 ELECTRIC BUS MARKET, BY BATTERY CAPACITY 50
FIGURE 24 UP TO 400 KWH SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 50
4.10 ELECTRIC BUS MARKET, BY BATTERY TYPE 50
FIGURE 25 LITHIUM-IRON-PHOSPHATE SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 50
4.11 ELECTRIC BUS MARKET, BY SEATING CAPACITY 51
FIGURE 26 40-70 SEATS SEGMENT PROJECTED TO LEAD ELECTRIC BUS MARKET FROM 2022 TO 2027 (UNITS) 51
4.12 ELECTRIC BUS MARKET, BY REGION 51
FIGURE 27 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
TABLE 2 IMPACT OF MARKET DYNAMICS 53
5.2 MARKET DYNAMICS 54
FIGURE 28 ELECTRIC BUS MARKET: MARKET DYNAMICS 54
5.2.1 DRIVERS 54
5.2.1.1 Increasing demand for emission-free and energy-efficient mass transit solutions 54
5.2.1.2 Reduction in battery prices 55
FIGURE 29 DECLINE IN BATTERY PRICE/KWH, 2010–2021 55
5.2.1.3 Lower emission compared to other vehicles 56
FIGURE 30 EMISSION COMPARISON BY BUSES, 2020 56
5.2.1.3.1 Fuel cell product lifecycle 57
FIGURE 31 FUEL CELL PRODUCT LIFECYCLE 57
TABLE 3 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE 57
5.2.2 RESTRAINTS 57
5.2.2.1 High development cost 57
FIGURE 32 AVERAGE COST OF DIESEL BUS VS. ELECTRIC BUS 58
5.2.2.2 Concerns over battery safety 58
FIGURE 33 BATTERY SAFETY ARCHITECTURE 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Government support for electrification of public transport 59
TABLE 4 GOVERNMENT PROGRAMS TO PROMOTE ELECTRIC BUSES 60
5.2.3.2 Implementation of stringent emission norms and environmental regulations 60
TABLE 5 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021 61
5.2.4 CHALLENGES 61
5.2.4.1 Limited battery capacity 61
TABLE 6 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES 62
5.2.4.2 Lack of EV charging infrastructure 62
5.3 PORTER’S FIVE FORCES 63
FIGURE 34 PORTER’S FIVE FORCES: ELECTRIC BUS MARKET 63
TABLE 7 ELECTRIC BUS MARKET: IMPACT OF PORTERS 5 FORCES 64
5.3.1 THREAT OF SUBSTITUTES 64
5.3.2 THREAT OF NEW ENTRANTS 64
5.3.3 BARGAINING POWER OF BUYERS 65
5.3.4 BARGAINING POWER OF SUPPLIERS 65
5.3.5 RIVALRY AMONG EXISTING COMPETITORS 65
 
5.4 ELECTRIC BUS MARKET ECOSYSTEM 66
FIGURE 35 ELECTRIC BUS MARKET: ECOSYSTEM ANALYSIS 66
5.4.1 OEM 66
5.4.2 RAW MATERIAL SUPPLIER 66
5.4.3 COMPONENT MANUFACTURERS 67
5.4.4 CHARGING INFRASTRUCTURE 67
TABLE 8 ELECTRIC BUS MARKET: ROLE OF COMPANIES IN ECOSYSTEM 67
5.5 VALUE CHAIN ANALYSIS 68
FIGURE 36 VALUE CHAIN ANALYSIS 68
5.6 PRICING ANALYSIS 70
TABLE 9 E-BUS MARKET: GLOBAL AVERAGE PRICE (USD), 2021 70
5.7 PATENT ANALYSIS 71
5.8 REGULATORY OVERVIEW 73
5.8.1 NORTH AMERICA 73
TABLE 10 NORTH AMERICA: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 73
5.8.2 EUROPE 73
TABLE 11 EUROPE: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 73
5.8.3 ASIA PACIFIC 74
TABLE 12 ASIA PACIFIC: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 74
5.8.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION 75
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 76
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 77
5.9 CASE STUDY 77
5.9.1 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND 77
5.9.2 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINA 78
5.10 TRENDS AND DISRUPTIONS IN ELECTRIC BUS MARKET 79
FIGURE 37 TRENDS AND DISRUPTIONS IN ELECTRIC BUS MARKET 79
5.11 TECHNOLOGY ANALYSIS 80
5.11.1 INNOVATIVE CHARGING SOLUTIONS 80
5.11.1.1 Off-board top-down pantograph charging system 80
5.11.1.2 On-board bottom-up pantograph charging system 80
5.11.1.3 Ground-based static/Dynamic charging system 81
5.11.2 PACKAGED FUEL CELL SYSTEM MODULE 81
FIGURE 38 TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE 81
5.11.3 METHANE FUEL CELLS 82
5.12 ELECTRIC BUS MARKET: COVID-19 IMPACT 82
5.12.1 IMPACT ON RAW MATERIAL SUPPLY 82
5.12.2 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY 82
5.12.3 ANNOUNCEMENTS 83
TABLE 16 ANNOUNCEMENTS 83
5.12.4 IMPACT ON AUTOMOTIVE PRODUCTION 83
TABLE 17 SALES OF ELECTRIC BUS (UNITS), BY COUNTRY 83
5.13 ELECTRIC BUS MARKET, SCENARIOS (2022–2027) 84
5.13.1 ELECTRIC BUS MARKET, MOST LIKELY SCENARIO 84
TABLE 18 ELECTRIC BUS MARKET (MOST LIKELY), BY REGION, 2022–2027 (UNITS) 85
5.13.2 ELECTRIC BUS MARKET, OPTIMISTIC SCENARIO 85
TABLE 19 ELECTRIC BUS MARKET (OPTIMISTIC), BY REGION, 2022–2027 (UNITS) 85
5.13.3 ELECTRIC BUS MARKET, PESSIMISTIC SCENARIO 86
TABLE 20 ELECTRIC BUS MARKET (PESSIMISTIC), BY REGION, 2022–2027 (UNITS) 86
5.14 KEY CONFERENCE & EVENTS IN 2022-2023 86
TABLE 21 ELECTRIC BUS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 86
6 ELECTRIC BUS MARKET, BY BATTERY TYPE 88
6.1 INTRODUCTION 89
FIGURE 39 BY BATTERY TYPE, LFP SEGMENT ESTIMATED TO LEAD ELECTRIC BUSES MARKET DURING FORECAST PERIOD 89
TABLE 22 ELECTRIC BUS MARKET, BY BATTERY TYPE, 2018–2021 (UNITS) 90
TABLE 23 ELECTRIC BUS MARKET, BY BATTERY TYPE, 2022–2027 (UNITS) 90
6.2 OPERATIONAL DATA 91
TABLE 24 ELECTRIC BUS DATA, BATTERY TYPE 91
6.2.1 ASSUMPTIONS 91
6.2.2 RESEARCH METHODOLOGY 91
6.3 LITHIUM-NICKEL-MANGANESE-COBALT OXIDE 92
6.4 LITHIUM-IRON-PHOSPHATE 92
6.5 OTHERS 93
6.6 KEY INDUSTRY INSIGHTS 93
7 ELECTRIC BUS MARKET, BY PROPULSION 94
7.1 INTRODUCTION 95
FIGURE 40 BEV SEGMENT ESTIMATED TO DOMINATE ELECTRIC BUS MARKET DURING FORECAST PERIOD 95
TABLE 25 ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 96
TABLE 26 ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 96
7.2 OPERATIONAL DATA 97
TABLE 27 ELECTRIC BUS DATA BASED ON PROPULSION 97
7.2.1 ASSUMPTIONS 97
7.2.2 RESEARCH METHODOLOGY 98
 
7.3 BEV 98
7.3.1 INCREASING DEMAND FOR ZERO-EMISSION VEHICLES WILL BOOST SEGMENT 98
TABLE 28 BEV: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 99
TABLE 29 BEV: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 99
7.4 FCEV 100
7.4.1 OEM SHIFT IN FUTURE WOULD DRIVE SEGMENT 100
TABLE 30 FCEV: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 100
TABLE 31 FCEV: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 101
7.5 PHEV 101
7.5.1 ASIA PACIFIC PROJECTED TO DOMINATE PHEV SEGMENT 101
TABLE 32 PHEV: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 102
TABLE 33 PHEV: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 102
7.6 KEY INDUSTRY INSIGHTS 102
8 ELECTRIC BUS MARKET, BY RANGE 103
8.1 INTRODUCTION 104
FIGURE 41 BY RANGE, UP TO 200 MILES SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 104
TABLE 34 ELECTRIC BUS MARKET, BY RANGE, 2018–2021 (UNITS) 105
TABLE 35 ELECTRIC BUS MARKET, BY RANGE, 2022–2027 (UNITS) 105
8.2 OPERATIONAL DATA 106
TABLE 36 ELECTRIC BUS DATA BASED ON RANGE 106
8.2.1 ASSUMPTIONS 106
TABLE 37 ASSUMPTIONS: BY RANGE 106
8.2.2 RESEARCH METHODOLOGY 107
8.3 UP TO 200 MILES 107
8.3.1 DOMINANT USAGE IN CHINESE BUS FLEETS TO DRIVE SEGMENT 107
TABLE 38 UP TO 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 107
TABLE 39 UP TO 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 108
8.4 ABOVE 200 MILES 108
8.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGIES TO BOOST SEGMENT 108
TABLE 40 ABOVE 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 109
TABLE 41 ABOVE 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 109
8.5 KEY PRIMARY INSIGHTS 110
9 ELECTRIC BUS MARKET, BY LENGTH OF BUS 111
9.1 INTRODUCTION 112
FIGURE 42 BY LENGTH OF BUS, 9–14 M SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 112
TABLE 42 ELECTRIC BUS MARKET, BY LENGTH OF BUS, 2018–2021 (UNITS) 113
TABLE 43 ELECTRIC BUS MARKET, BY LENGTH OF BUS, 2022–2027 (UNITS) 113
 
9.2 OPERATIONAL DATA 114
TABLE 44 ELECTRIC BUS DATA BASED ON LENGTH OF BUS 114
9.2.1 ASSUMPTIONS 114
9.2.2 RESEARCH METHODOLOGY 115
9.3 LESS THAN 9 M 115
9.3.1 EASY MANEUVERING ON COMPACT ROADS TO DRIVE SEGMENT 115
TABLE 45 LESS THAN 9 M: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 115
TABLE 46 LESS THAN 9 M: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 116
9.4 9–14 M 116
9.4.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT 116
TABLE 47 9–14 M: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 117
TABLE 48 9–14 M: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 117
9.5 ABOVE 14 M 118
9.5.1 GROWING ARTICULATED ELECTRIC BUSES TO DRIVE SEGMENT 118
TABLE 49 ABOVE 14 M: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 118
TABLE 50 ABOVE 14 M: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 118
9.6 KEY INDUSTRY INSIGHTS 119
10 ELECTRIC BUS MARKET, BY CONSUMER 120
10.1 INTRODUCTION 121
FIGURE 43 BY CONSUMER, GOVERNMENT SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 121
TABLE 51 ELECTRIC BUS MARKET, BY CONSUMER, 2018–2021 (UNITS) 122
TABLE 52 ELECTRIC BUS MARKET, BY CONSUMER, 2022–2027 (UNITS) 122
10.2 OPERATIONAL DATA 123
TABLE 53 ELECTRIC BUS DATA BASED ON OPERATOR TYPE 123
10.2.1 ASSUMPTIONS 123
10.2.2 RESEARCH METHODOLOGY 124
10.3 PRIVATE 124
10.3.1 GOVERNMENT SUPPORT AND LOW COST OF OPERATION TO DRIVE SEGMENT 124
TABLE 54 PRIVATE: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 125
TABLE 55 PRIVATE: ELECTRIC BUS MARKET, BY REGION, 2022- 2027 (UNITS) 125
10.4 GOVERNMENT 126
10.4.1 FOCUS ON ADOPTION OF ELECTRIC BUSES FOR PUBLIC TRANSPORTATION TO DRIVE SEGMENT 126
TABLE 56 GOVERNMENT: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 126
TABLE 57 GOVERNMENT: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 126
10.5 KEY INDUSTRY INSIGHTS 127
 
11 ELECTRIC BUS MARKET, BY APPLICATION 128
11.1 INTRODUCTION 129
FIGURE 44 BY APPLICATION, INTRACITY SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET IN 2022 129
TABLE 58 ELECTRIC BUS MARKET, BY APPLICATION, 2018–2021 (UNITS) 130
TABLE 59 ELECTRIC BUS MARKET, BY APPLICATION, 2022–2027 (UNITS) 130
11.2 OPERATIONAL DATA 131
TABLE 60 ELECTRIC BUS DATA BASED ON APPLICATION 131
11.2.1 ASSUMPTIONS 131
11.2.2 RESEARCH METHODOLOGY 132
11.3 INTERCITY 132
11.3.1 DEVELOPMENTS IN BATTERY TECHNOLOGIES AND CHARGING SOLUTIONS TO DRIVE SEGMENT 132
TABLE 61 INTERCITY: ELECTRIC BUS MARKET, BY REGION, 2018- 2021 (UNITS) 133
TABLE 62 INTERCITY: ELECTRIC BUS MARKET, BY REGION, 2022- 2027 (UNITS) 133
11.4 INTRACITY 134
11.4.1 HIGH ADOPTION OF ELECTRIC BUSES IN PUBLIC TRANSPORT TO DRIVE SEGMENT 134
TABLE 63 INTRACITY: ELECTRIC BUS MARKET, BY REGION, 2018- 2021 (UNITS) 134
TABLE 64 INTRACITY: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 135
11.5 KEY INDUSTRY INSIGHTS 135
12 ELECTRIC BUS MARKET, BY BATTERY CAPACITY 136
12.1 INTRODUCTION 137
FIGURE 45 BY BATTERY CAPACITY, UP TO 400 KWH SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 137
TABLE 65 ELECTRIC BUS MARKET, BY BATTERY CAPACITY, 2018–2021 (UNITS) 138
TABLE 66 ELECTRIC BUS MARKET, BY BATTERY CAPACITY, 2022–2027 (UNITS) 138
12.2 OPERATIONAL DATA 139
TABLE 67 ELECTRIC BUS DATA BASED ON BATTERY CAPACITY 139
12.2.1 ASSUMPTIONS 139
TABLE 68 ASSUMPTIONS: BY BATTERY CAPACITY 139
12.2.2 RESEARCH METHODOLOGY 140
12.3 UP TO 400 KWH 140
12.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR INTRACITY TRANSPORTATION TO DRIVE SEGMENT 140
TABLE 69 UP TO 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 141
TABLE 70 UP TO 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 141
12.4 ABOVE 400 KWH 142
12.4.1 INCREASING USE IN CHINESE ELECTRIC BUS FLEETS TO DRIVE SEGMENT 142
TABLE 71 ABOVE 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 142
TABLE 72 ABOVE 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 143
12.5 KEY INDUSTRY INSIGHTS 143
13 ELECTRIC BUS MARKET, BY POWER OUTPUT 144
13.1 INTRODUCTION 145
FIGURE 46 BY POWER OUTPUT, UP TO 250 KW SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 145
TABLE 73 ELECTRIC BUS MARKET, BY POWER OUTPUT, 2018–2021 (UNITS) 146
TABLE 74 ELECTRIC BUS MARKET, BY POWER OUTPUT, 2022–2027 (UNITS) 146
13.2 OPERATIONAL DATA 147
TABLE 75 ELECTRIC BUS DATA BASED ON POWER OUTPUT 147
13.2.1 ASSUMPTIONS 147
TABLE 76 ASSUMPTIONS: BY POWER OUTPUT 147
13.2.2 RESEARCH METHODOLOGY 148
13.3 UP TO 250 KW 148
13.3.1 GROWING USAGE IN PUBLIC TRANSPORT BUSES TO DRIVE SEGMENT 148
TABLE 77 UP TO 250 KW: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 148
TABLE 78 UP TO 250 KW: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 149
13.4 ABOVE 250 KW 149
13.4.1 INCREASING DEMAND FOR ELECTRIC COACHES WITH HIGH POWER OUTPUT TO DRIVE SEGMENT 149
TABLE 79 ABOVE 250 KW: ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 150
TABLE 80 ABOVE 250 KW: ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 150
13.5 KEY PRIMARY INSIGHTS 151
14 ELECTRIC BUS MARKET, BY COMPONENT 152
14.1 INTRODUCTION 153
FIGURE 47 BY COMPONENT, BATTERY SEGMENT ESTIMATED TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 153
TABLE 81 ELECTRIC BUS MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 154
TABLE 82 ELECTRIC BUS MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 154
14.1.1 ASSUMPTIONS 154
14.1.2 RESEARCH METHODOLOGY 155
14.2 MOTOR 155
14.3 BATTERY 155
14.4 FUEL CELL STACK 156
14.5 BATTERY MANAGEMENT SYSTEM 157
14.6 BATTERY COOLING SYSTEM 157
14.7 EV CONNECTOR 158
14.8 KEY INDUSTRY INSIGHTS 158
 
15 ELECTRIC BUS MARKET, BY LEVEL OF AUTONOMY 159
15.1 INTRODUCTION 159
15.2 SEMI-AUTONOMOUS 159
15.2.1 ADOPTION OF ADVANCED SAFETY FEATURES TO DRIVE SEMI-AUTONOMOUS ELECTRIC BUS MARKET 159
15.3 AUTONOMOUS 160
15.3.1 HIGHER LEVEL OF AUTONOMY WOULD BE FUTURE OF AUTONOMOUS ELECTRIC BUSES 160
15.4 KEY INDUSTRY INSIGHTS 161
16 ELECTRIC BUS MARKET, BY SEATING CAPACITY 162
16.1 INTRODUCTION 163
FIGURE 48 BY SEATING CAPACITY, 40-70 SEATS SEGMENT TO LEAD ELECTRIC BUS MARKET DURING FORECAST PERIOD 163
TABLE 83 ELECTRIC BUS MARKET, BY SEATING CAPACITY, 2018–2021 (UNITS) 164
TABLE 84 ELECTRIC BUS MARKET, BY SEATING CAPACITY, 2022–2027 (UNITS) 164
16.2 OPERATIONAL DATA 164
TABLE 85 ELECTRIC BUS DATA BASED ON SEATING CAPACITY 164
16.2.1 ASSUMPTIONS 165
16.2.2 RESEARCH METHODOLOGY 165
16.3 UP TO 40 SEATS 165
16.3.1 EASY MANEUVERING ON COMPACT ROADS TO DRIVE SEGMENT 165
16.4 40–70 SEATS 166
16.4.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT 166
16.5 ABOVE 70 SEATS 167
16.5.1 GROWING ARTICULATED ELECTRIC BUSES TO DRIVE SEGMENT 167
16.6 KEY INDUSTRY INSIGHTS 167
17 ELECTRIC BUS MARKET, BY REGION 168
17.1 INTRODUCTION 169
FIGURE 49 ELECTRIC BUS MARKET, BY REGION, 20222027 (UNITS) 169
TABLE 86 ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS) 170
TABLE 87 ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS) 170
17.2 ASIA PACIFIC 171
FIGURE 50 ASIA PACIFIC: ELECTRIC BUS MARKET SNAPSHOT 172
TABLE 88 ASIA PACIFIC: ELECTRIC BUS MARKET, BY COUNTRY, 2018–2021 (UNITS) 172
TABLE 89 ASIA PACIFIC: ELECTRIC BUS MARKET, BY COUNTRY, 2022–2027 (UNITS) 173
17.2.1 CHINA 173
17.2.1.1 Widespread adoption in public transport and presence of leading OEMs to drive market 173
TABLE 90 CHINA: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021(UNITS) 174
TABLE 91 CHINA: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 174
17.2.2 JAPAN 174
17.2.2.1 Focus on advanced fuel cell buses to drive market 174
TABLE 92 JAPAN: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 175
TABLE 93 JAPAN: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 175
17.2.3 INDIA 175
17.2.3.1 Government support for electrification of public transport to drive market 175
TABLE 94 INDIA: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 176
TABLE 95 INDIA: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 176
17.2.4 SOUTH KOREA 177
17.2.4.1 Focus on electrifying public transport fleets to drive market 177
TABLE 96 SOUTH KOREA: ELECTRIC BUS MARKET, BY PROPULSION,
2018–2021 (UNITS) 177
TABLE 97 SOUTH KOREA: ELECTRIC BUS MARKET, BY PROPULSION,
2022–2027 (UNITS) 177
17.2.5 SINGAPORE 178
17.2.5.1 Aim for green public transport by 2040 to drive market 178
TABLE 98 SINGAPORE: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 178
TABLE 99 SINGAPORE: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 178
17.3 EUROPE 179
FIGURE 51 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2021 (UNITS) 179
TABLE 100 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2018–2021 (UNITS) 180
TABLE 101 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2022–2027 (UNITS) 180
17.3.1 FRANCE 181
17.3.1.1 Promotion of pure battery-electric buses for Olympics 2024 to drive market 181
TABLE 102 FRANCE: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 181
TABLE 103 FRANCE: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 181
17.3.2 GERMANY 182
17.3.2.1 Government incentives and investments to drive market 182
TABLE 104 GERMANY: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 182
TABLE 105 GERMANY: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 182
17.3.3 SPAIN 183
17.3.3.1 Government focus on replacing existing public transport fleet to drive market 183
TABLE 106 SPAIN: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 183
TABLE 107 SPAIN: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 183
17.3.4 AUSTRIA 184
17.3.4.1 Growing emission concerns to drive market 184
TABLE 108 AUSTRIA: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 184
TABLE 109 AUSTRIA: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 184
17.3.5 NORWAY 185
17.3.5.1 Government support and schemes to drive market 185
TABLE 110 NORWAY: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 185
TABLE 111 NORWAY: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 185
17.3.6 SWEDEN 186
17.3.6.1 Presence of market-leading OEMs to drive market 186
TABLE 112 SWEDEN: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 186
TABLE 113 SWEDEN: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 186
17.3.7 SWITZERLAND 187
17.3.7.1 Favorable government regulations to drive market 187
TABLE 114 SWITZERLAND: ELECTRIC BUS MARKET, BY PROPULSION,
2018–2021 (UNITS) 187
TABLE 115 SWITZERLAND: ELECTRIC BUS MARKET, BY PROPULSION,
2022–2027 (UNITS) 187
17.3.8 NETHERLANDS 188
17.3.8.1 Increasing orders and deliveries of electric buses to drive market 188
TABLE 116 NETHERLANDS: ELECTRIC BUS MARKET, BY PROPULSION,
2018–2021 (UNITS) 188
TABLE 117 NETHERLANDS: ELECTRIC BUS MARKET, BY PROPULSION,
2022–2027 (UNITS) 188
17.3.9 BELGIUM 189
17.3.9.1 Investments in electrification and emission-free transport to drive market 189
TABLE 118 BELGIUM: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 189
TABLE 119 BELGIUM: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 189
17.3.10 UK 190
17.3.10.1 Favorable regulations for emission-free buses to drive market 190
TABLE 120 UK: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 190
TABLE 121 UK: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 190
17.3.11 TURKEY 191
17.3.11.1 Continuous advancements in technology to drive market 191
TABLE 122 TURKEY: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 191
TABLE 123 TURKEY: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 191
17.4 NORTH AMERICA 192
FIGURE 52 NORTH AMERICA: ELECTRIC BUS MARKET SNAPSHOT 193
TABLE 124 NORTH AMERICA: ELECTRIC BUS MARKET, BY COUNTRY,
2018–2021 (UNITS) 193
TABLE 125 NORTH AMERICA: ELECTRIC BUS MARKET, BY COUNTRY,
2022–2027 (UNITS) 194
17.4.1 US 194
17.4.1.1 Government programs for zero-emission vehicles to drive market 194
TABLE 126 US: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 195
TABLE 127 US: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 195
17.4.2 CANADA 196
17.4.2.1 Growing investments and adoption of electric school buses to drive market 196
TABLE 128 CANADA: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 196
TABLE 129 CANADA: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 196
17.5 LATIN AMERICA 197
FIGURE 53 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2022-2027 (UNITS) 197
TABLE 130 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2018–2021 (UNITS) 197
TABLE 131 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2022–2027 (UNITS) 198
17.5.1 ARGENTINA 198
17.5.1.1 Shift toward electrification of bus fleets to drive market 198
TABLE 132 ARGENTINA: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 198
TABLE 133 ARGENTINA: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 199
17.5.2 BRAZIL 199
17.5.2.1 Growing environmental concerns to drive market 199
TABLE 134 BRAZIL: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 199
TABLE 135 BRAZIL: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 200
17.5.3 CHILE 200
17.5.3.1 Government focus on emission-free public transport to drive market 200
TABLE 136 CHILE: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 200
TABLE 137 CHILE: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 201
17.5.4 MEXICO 201
17.5.4.1 Electrification of trolleybuses to drive market 201
TABLE 138 MEXICO: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 201
TABLE 139 MEXICO: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 202
17.6 MIDDLE EAST & AFRICA 202
FIGURE 54 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY,
2022- 2027 (UNITS) 203
TABLE 140 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY,
2018–2021 (UNITS) 203
TABLE 141 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY,
2022–2027 (UNITS) 203
17.6.1 EGYPT 204
17.6.1.1 Adoption of electric buses for military purposes to drive market 204
TABLE 142 EGYPT: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 204
TABLE 143 EGYPT: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 204
17.6.2 SOUTH AFRICA 205
17.6.2.1 Investments from leading OEMs to drive market 205
TABLE 144 SOUTH AFRICA: ELECTRIC BUS MARKET, BY PROPULSION,
2018–2021 (UNITS) 205
TABLE 145 SOUTH AFRICA: ELECTRIC BUS MARKET, BY PROPULSION,
2022–2027 (UNITS) 205
17.6.3 UAE 206
17.6.3.1 Growing electrification trend in cities to drive market 206
TABLE 146 UAE: ELECTRIC BUS MARKET, BY PROPULSION, 2018–2021 (UNITS) 206
TABLE 147 UAE: ELECTRIC BUS MARKET, BY PROPULSION, 2022–2027 (UNITS) 206
 
18 COMPETITIVE LANDSCAPE 207
18.1 OVERVIEW 207
18.2 MARKET SHARE ANALYSIS FOR ELECTRIC BUS MARKET 207
TABLE 148 MARKET SHARE ANALYSIS, 2021 207
18.3 MARKET SHARE ANALYSIS, 2021 208
FIGURE 55 MARKET SHARE ANALYSIS, 2021 208
18.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 209
FIGURE 56 TOP PUBLIC/LISTED PLAYERS DOMINATING ELECTRIC BUS MARKET DURING LAST FIVE YEARS 209
18.5 OEM SALES OF ELECTRIC BUSES, 2020 VS 2021 210
TABLE 149 ELECTRIC BUS SALES OF TOP PLAYERS, 2020 VS 2021 210
18.6 COMPETITIVE SCENARIO 211
18.6.1 NEW PRODUCT LAUNCHES 211
TABLE 150 NEW PRODUCT LAUNCHES, 2018–2022 211
18.6.2 DEALS 212
TABLE 151 DEALS, 2018–2022 212
TABLE 152 OTHERS, 2018-2022 212
18.7 COMPANY EVALUATION QUADRANT 213
18.7.1 STARS 213
18.7.2 EMERGING LEADERS 213
18.7.3 PERVASIVE 213
18.7.4 PARTICIPANTS 214
FIGURE 57 ELECTRIC BUS MARKET: COMPANY EVALUATION QUADRANT, 2021 214
TABLE 153 ELECTRIC BUS MARKET: COMPANY FOOTPRINT, 2021 215
TABLE 154 ELECTRIC BUS MARKET: PRODUCT FOOTPRINT, 2021 215
TABLE 155 ELECTRIC BUS MARKET: REGIONAL FOOTPRINT, 2021 216
18.8 START-UP/SME EVALUATION QUADRANT 217
18.8.1 PROGRESSIVE COMPANIES 217
18.8.2 RESPONSIVE COMPANIES 217
18.8.3 DYNAMIC COMPANIES 217
18.8.4 STARTING BLOCKS 217
FIGURE 58 ELECTRIC BUS MARKET: START-UP/SME EVALUATION QUADRANT, 2021 218
TABLE 156 ELECTRIC BUS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 219
TABLE 157 ELECTRIC BUS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 220
18.9 RIGHT TO WIN, 2019-2022 221
TABLE 158 WINNERS VS. TAIL-ENDERS 221
19 WHO SUPPLIES WHOM DATA 222
TABLE 159 WHO SUPPLIES WHOM DATA 222
 
20 COMPANY PROFILES 226
(Business overview, Products offered, Recent developments & MnM View)*
20.1 KEY PLAYERS 226
20.1.1 BYD 226
TABLE 160 BYD: BUSINESS OVERVIEW 227
FIGURE 59 BYD: COMPANY SNAPSHOT 227
TABLE 161 BYD: PRODUCTS OFFERED 228
TABLE 162 BYD: NEW PRODUCT DEVELOPMENTS 228
TABLE 163 BYD: DEALS 229
TABLE 164 BYD: OTHERS 231
20.1.2 YUTONG 233
TABLE 165 YUTONG BUS PRODUCTION OUTPUT AND REGIONAL DISTRIBUTION DATA, 2020 233
TABLE 166 YUTONG: BUSINESS OVERVIEW 233
FIGURE 60 YUTONG: COMPANY SNAPSHOT 234
TABLE 167 YUTONG: PRODUCTS OFFERED 234
TABLE 168 YUTONG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS 235
TABLE 169 YUTONG: DEALS 236
TABLE 170 YUTONG: OTHERS 237
20.1.3 PROTERRA 238
TABLE 171 PROTERRA: BUSINESS OVERVIEW 238
TABLE 172 REVENUE OVERVIEW (USD) 238
TABLE 173 PROTERRA: PRODUCTS OFFERED 238
TABLE 174 PROTERRA: NEW PRODUCT DEVELOPMENTS 239
TABLE 175 PROTERRA: DEALS 240
TABLE 176 PROTERRA: OTHERS 241
20.1.4 VDL GROEP 243
TABLE 177 VDL GROEP: BUSINESS OVERVIEWS 243
FIGURE 61 VDL GROEP: COMPANY SNAPSHOT 243
TABLE 178 VDL GROEP: PRODUCTS OFFERED 244
TABLE 179 VDL GROEP: NEW PRODUCT DEVELOPMENTS 244
TABLE 180 VDL GROEP: DEALS 245
20.1.5 AB VOLVO 247
TABLE 181 REGION-WISE NUMBER OF BUSES DELIVERED ACROSS THE WORLD 247
TABLE 182 AB VOLVO: BUSINESS OVERVIEW 247
FIGURE 62 AB VOLVO: COMPANY SNAPSHOT 248
TABLE 183 AB VOLVO: PRODUCTS OFFERED 248
TABLE 184 AB VOLVO: NEW PRODUCT DEVELOPMENTS 249
TABLE 185 AB VOLVO: DEALS 249
20.1.6 DAIMLER AG 251
TABLE 186 DAIMLER AG: BUSINESS OVERVIEW 251
FIGURE 63 DAIMLER AG: COMPANY SNAPSHOT 252
TABLE 187 DAIMLER AG: PRODUCTS OFFERED 252
TABLE 188 DAIMLER AG: NEW PRODUCT DEVELOPMENTS 252
TABLE 189 DAIMLER AG: DEALS 253
TABLE 190 DAIMLER AG: OTHERS 254
20.1.7 NFI GROUP 255
TABLE 191 NFI GROUP: BUSINESS OVERVIEW 255
FIGURE 64 NFI GROUP: COMPANY SNAPSHOT 256
TABLE 192 NFI GROUP: PRODUCTS OFFERED 256
TABLE 193 NFI GROUP: NEW PRODUCT DEVELOPMENTS 257
TABLE 194 NFI GROUP: DEALS 257
TABLE 195 NFI GROUP: OTHERS 260
20.1.8 CAF (SOLARIS) 261
TABLE 196 CAF (SOLARIS): BUSINESS OVERVIEW 261
FIGURE 65 CAF (SOLARIS): COMPANY SNAPSHOT 262
TABLE 197 CAF (SOLARIS): PRODUCTS OFFERED 262
TABLE 198 CAF (SOLARIS): NEW PRODUCT DEVELOPMENTS 263
TABLE 199 CAF (SOLARIS): DEALS 263
20.1.9 EBUSCO 266
TABLE 200 EBUSCO: BUSINESS OVERVIEW 266
TABLE 201 EBUSCO: PRODUCTS OFFERED 266
TABLE 202 EBUSCO: NEW PRODUCT DEVELOPMENTS 267
TABLE 203 EBUSCO: DEALS 267
20.1.10 KING LONG 269
TABLE 204 KING LONG: BUSINESS OVERVIEW 269
TABLE 205 KING LONG: PRODUCTS OFFERED 269
TABLE 206 KING LONG: NEW PRODUCT DEVELOPMENTS 270
TABLE 207 KING LONG: DEALS 271
20.1.11 ANKAI 272
TABLE 208 ANKAI: BUSINESS OVERVIEW 272
TABLE 209 ANKAI: PRODUCTS OFFERED 272
20.1.12 ZHONGTONG BUS HOLDING 273
TABLE 210 ZHONGTONG BUS HOLDING: BUSINESS OVERVIEW 273
TABLE 211 ZHONGTONG BUS HOLDING: PRODUCTS OFFERED 273
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
20.2 OTHER KEY PLAYERS 274
20.2.1 BLUE BIRD CORPORATION 274
20.2.2 GILLIG LLC 274
20.2.3 THE LION ELECTRIC COMPANY 275
20.2.4 TATA MOTORS 276
20.2.5 ASHOK LEYLAND 277
20.2.6 CHANGSHA SUNDA NEW ENERGY TECHNOLOGY CO. LTD. 277
20.2.7 OLECTRA GREENTECH 278
20.2.8 YINLONG ENERGY 278
20.2.9 GOLDEN DRAGON 279
20.2.10 JBM AUTO LIMITED 279
20.2.11 SCANIA 280
20.2.12 IRIZAR 280
20.2.13 IVECO 281
20.2.14 SKODA 281
20.2.15 BLUE BUS 282
20.2.16 BOZANKAYA 282
20.2.17 CAETANOBUS 283
20.2.18 CHARIOT MOTORS 283
20.2.19 HEULIEZ BUS 284
20.2.20 HYBRICON 284
20.2.21 OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.Ş. 285
20.2.22 RAMPINI CARLO 285
20.2.23 SOR LIBCHAVY 286
20.2.24 TEMSA 286
20.2.25 URSUS BUS 287
20.2.26 VAN HOOL NV 287
20.2.27 KARSAN 288
21 RECOMMENDATIONS BY MARKETSANDMARKETS 289
21.1 ASIA PACIFIC WILL BE A MAJOR ELECTRIC BUS MARKET 289
21.2 BATTERY ELECTRIC BUS CAN BE KEY FOCUS AREA FOR MANUFACTURERS 289
21.3 CONCLUSION 290
22 APPENDIX 291
22.1 KEY INSIGHTS OF INDUSTRY EXPERTS 291
22.2 DISCUSSION GUIDE 291
22.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 294
22.4 AVAILABLE CUSTOMIZATIONS 296
22.5 RELATED REPORTS 296
22.6 AUTHOR DETAILS 297