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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
China Electric Bus Market Share
Intercity applications are anticipated to account for a significant China electric bus demand growth over the forecast period. This growth can be attributed to the increasing requirement for public transport and the rising adoption of electric buses by universities, schools, and businesses due to rising environmental awareness. The increasing investments by the government towards the enhancement of charging infrastructure are further bolstering the adoption of electric buses for intercity travel.
The government sector is experiencing substantial growth due to increased focus on lowering greenhouse gas emissions and the cost-effectiveness of electric vehicles, including electric buses. Growing public preference for public transportation, driven by rising traffic congestion and high costs associated with personal vehicles, is fuelling demand in the China electric bus market. Additionally, government initiatives aimed at reducing reliance on fossil fuels and addressing noise and air pollution are further supporting the market's expansion.
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