Africa Electric Bus Market Outlook Report and Forecast 2024-2032

Africa Electric Bus Market Outlook

The Africa electric bus market size reached approximately USD 1.60 billion in 2023. The market is further projected to grow at a CAGR of 14.1% between 2024 and 2032, reaching a value of USD 5.24 billion by 2032.

Key Trends in the Market

An electric bus is a vehicle whose accessory and propulsion systems are powered by zero emission electricity sources. The fuel tank and the internal combustion engine are replaced with battery and an electric motor in electric buses. The electricity can be sourced from hydrogen fuel cells, batteries, and ground based non-contact conductors, among others.

• Increased environmental awareness is a key trend aiding the Africa electric bus market growth. The exhaust fumes released by diesel buses are unpleasant to breath and are a health hazard. Electric buses have no tailpipe emissions and are helpful towards providing cleaner air.

• The community and social benefits offered by electric buses are further boosting their adoption in Africa. A sustainable and efficient mode of public transportation reduces noise pollution and improves the quality of the air, enhancing the living conditions of the city.

• The economic benefits offered by electric buses are encouraging the African governments to adopt the vehicle. Electric buses have fewer components, lower fuel costs, longer life cycle, and require less maintenance, making them more economically viable than their fuel consuming counterparts.

Africa Electric Bus Market Analysis

On the basis of propulsion type, the market is divided into battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle. Based on battery type, the market is categorised into lithium nickel manganese cobalt oxide and lithium iron phosphate. On the basis of battery capacity, the market is bifurcated into up to 400 kWh and above 400 kWh.

Based on bus length, the market is classified into less than 9 meters, 9 to 14 meters, and above 14 meters. On the basis of range, the market is segregated into less than 150 miles, 150 to 300 miles, and above 300 miles. Based on power output, the market is divided into up to 250 kW and above 250 kW.

On the basis of application, the market is bifurcated into intercity and intracity. Based on end use, the market is categorised into public and private. On the basis of country, the Africa electric bus market segmentation includes South Africa, Egypt, Nigeria, and Algeria, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Mercedes-Benz Group AG 

• Kiira Motors Corporation

• BYD Motors, Inc. 

• MiPower Electric Bus (Masala Ramabulana Holdings) 

• Yutong Bus Co., Ltd. 

• Xiamen King Long International Trading Co.,Ltd. 

• Volvo Group 

• Tata Sons Private Limited

• Roam

• BasiGo 

• Others

Market Share by Propulsion Type

Battery electric vehicles are anticipated to account for a significant Africa electric bus market share owing to the various advantages offered by the vehicles as opposed to plug-in hybrid electric vehicles and fuel cell electric vehicles. Battery electric buses produce zero tailpipe emission and are also aiding the governments in Africa in reducing operational costs for public transports. Presence of various key market players and their increased efforts towards the development of battery electric buses is further supporting the segment growth.

Market Share by Country

South Africa is expected to account for significant share of the electric bus market in Africa in the coming years. This growth can be attributed to the increased governmental efforts towards boosting connectivity within the country in a cost efficient and environment friendly manner. Electric buses help in lowering the operational costs for public transportation systems and assist in creating local jobs. Such buses have maximum torque which enables the driver to accelerate more responsively. These advantages are boosting the Africa electric bus market demand.

Competitive Landscape

Mercedes-Benz Group AG is an automobile company that delevops and distributes luxury and premium vans and cars and electric vehicles including buses. The company also offers a wide range of services such as fleet management, car subscription, and car rental.

Volvo Group, headquarterd in Sweden, is one of the leading manufacturers of buses, marine and construction equipment, industrial engines, and trucks. The company’s brand portfolio consists of Prevost, Volvo Penta, Nova Bus, and Renault Trucks, among others.

Tata Sons Private Limited, headquarterd in Mumbai, Mahrashtra, encompasses various primary business sectors including engineering, materials, energy, chemicals, and consumer products, among others.

Other Africa electric bus market key players include Kiira Motors Corporation, BYD Motors, Inc., MiPower Electric Bus (Masala Ramabulana Holdings), Yutong Bus Co., Ltd., Xiamen King Long International Trading Co.,Ltd., Roam, and BasiGo, among others.

Key Highlights of the Report