Malaysia Electric Bus Market 2022-2027

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    MALAYSIA ELECTRIC BUS MARKET

    INTRODUCTION

    Electric buses (EBs) are a promising approach for reducing greenhouse gas emissions from the transportation industry on a big scale. The development of EB technologies will begin in the future decades all around the world, especially in Malaysia.

     

    Infographic: Malaysia Electric Bus Market, Malaysia Electric Bus Market Size, Malaysia Electric Bus Market Trends, Malaysia Electric Bus Market Forecast, Malaysia Electric Bus Market Risks, Malaysia Electric Bus Market Report, Malaysia Electric Bus Market Share

     

    Government policies in support of EB deployments are well-known. As a result, Malaysia’s National Automotive Policy has outlined a set of policies that will help to establish a national foundation. Following the elaboration of Malaysia’s EBs deployment goals for 2014 and 2020.

    MALAYSIA ELECTRIC BUS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Electric bus service backs efforts to make Malaysia a carbon-neutral nation In an effort to make Malaysia a carbon-neutral nation, the totally electric bus service will begin in Kuala Lumpur, Putrajaya, and other major cities before being expanded statewide. Malaysia This would enhance better Technological Controls
    2 Gov’t hoping to expand the utilisation of electric buses Following their installation in Kuala Lumpur, where KL City Hall is located, the government is planning to increase the usage of entirely electric buses for public transportation. Malaysia This would enhance better Technological Controls
    3 GoKL City Bus free bus service to go fully electric by early 2023 Following that, further units will be added to the fleet beginning early next year, with a total of 60 electric buses being deployed by the end of the year. Malaysia This would enhance better Technological Controls
    4 Gemilang to deliver 140 fully electric school bus to California Gemilang International Ltd (GML), a Johor-based bus and bus body manufacturer, is anticipated to supply 140 units. Malaysia This would enhance better Technological Controls

    COMPETITIVE LANDSCAPE

    Malaysia’s air quality has deteriorated by 70.4 percent because of increased pollution from motor vehicles, such as carbon and nitrogen dioxide emissions, leading in a surge in demand for electric buses in the country.

     

    Malaysia is the market leader for electric buses in APAC, and the market is expected to grow even more due to the presence of an established market for electric automobiles. Furthermore, government initiatives such as zero-tariff import and excise duties on hybrid and electric vehicles would boost demand.

     

    Gemilang International Limited is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market.

     

    In the meanwhile, Gemilang, based in Johor Baru and listed on the Hong Kong Stock Exchange (HKEx), plans to capitalise on the growing popularity of electric vehicles, both locally and globally, where several cities have already mandated that EVs replace gasoline-powered vehicles.

     

    Gemilang has delivered aluminium buses to firms like Rapid KL and Rapid Penang, as well as manufacturing MRT feeder buses that are used in cities across Malaysia.

     

    SKS Group has been one of the most advanced solution provider in the used car requirements. The bus is completely assembled at the firm’s plant in Kampung Pulau Meranti, Puchong, which is something the company is very proud of.

     

    It has a maximum speed of 70 km/h and can carry 31 passengers (21 sitting, 10 standing), however it functions best at speeds of 55-60 km/h. The energy storage capacity is 299 kWh, which is provided by eight lithium-ion traction battery packs located at the bus’s back. This drives companies up to 250 kilometres on a single charge.

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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