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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
China Electric Bus Market Analysis
The growing initiatives and investments by various manufacturers to develop hydrogen cell-powered electric buses are providing lucrative growth opportunities to the market. The technological advancements in increased mobility and growing accessibility of charging infrastructure are supporting the growth of the China electric bus market.
The China electric bus market dynamics and trends are driven by the vehicles' cost-effectiveness, minimal maintenance needs, and low operational expenses. These advantages are increasing their adoption across various sectors, including travel and tourism, transportation, and education.
China Electric Bus Market Report Snapshots
China Electric Bus Market Size
China Electric Bus Market Growth
China Electric Bus Market Analysis
China Electric Bus Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 34.03 billion in 2023.
The market is projected to grow at a CAGR of 11.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 87.80 billion by 2032.
The major market drivers include increasing environmental awareness and rising investments by the government towards the development of charging infrastructure.
The key trends fuelling the growth of the market include growing initiatives and investments by various manufactures to develop hydrogen cell powered electric buses and rising adoption by travel and tourism, transportation, and education sectors.
The major applications of electric buses include intercity and intracity.
The different propulsion types include battery electric vehicles, plug-in hybrid electric vehicles, and fuel-cell electric vehicles.
The competitive landscape consists of BYD Company Limited, Zhengzhou Yutong Bus Co., Ltd., Anhui Ankai Automobile Co. Ltd., Xiamen King Long Motor Group Co., Ltd., AB Volvo, Dongfeng Motor Corporation, Liaoning SG Automotive Group Co., Ltd., Higer Bus Company Limited, Zhongtong Bus Holding Co., Ltd., Yangzhou Yaxing Motor Coach Co., Ltd., and Yinlong Energy International Pte Ltd., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124