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Advantages of electric buses are expected to drive the global electric bus market; advantages include:
Minimal Environmental Impact – Electric buses are environmentally-friendly and have minimal environmental impact as against combustion engines running on diesel and even hybrid buses.
Quieter Operation – Electric buses run more quietly as compared to other types of buses with internal combustion engines.
Minimum Maintenance – Electric buses need little maintenance.
Economical – While electric buses may cost more initially, these prove more economical over time as maintenance costs are minimized and fuel costs eliminated.
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Electric Bus Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Bus Historical Market (2018-2023)
8.3 Global Electric Bus Market Forecast (2024-2032)
8.4 Global Electric Bus Market by Propulsion Type
8.4.1 Fuel Cell Electric Vehicle (FCEV)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Battery Electric Vehicle (BEV)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plug-in Hybrid Electric Vehicle (PHEV)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electric Bus Market by Length
8.5.1 Less than 9 meters
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 9-14 meters
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Above 14 meters
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Electric Bus Market by Range
8.6.1 Less than 200 miles
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 More than 200 miles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Electric Bus Market by Battery Capacity
8.7.1 Up to 400 kWh
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Above 400 kWh
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Electric Bus Market by Power Output
8.8.1 Up to 250kW
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Above 250 kW
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Electric Bus Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Electric Bus Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Bus Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Bus Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Bus Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Bus Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BYD Motors Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Solaris Bus & Coach sp. z o.o
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Volvo Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Yutong Bus Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 VDL Bus & Coach BV
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hyundai Motor Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Edison Motors Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Zhongtong Bus Holding Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 IVECO S.p.A
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 EvoBus GmbH (Daimler Truck)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Bus Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Bus Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
3. Global Electric Bus Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
4. Global Electric Bus Historical Market: Breakup by Length (USD Million), 2018-2023
5. Global Electric Bus Market Forecast: Breakup by Length (USD Million), 2024-2032
6. Global Electric Bus Historical Market: Breakup by Range (USD Million), 2018-2023
7. Global Electric Bus Market Forecast: Breakup by Range (USD Million), 2024-2032
8. Global Electric Bus Historical Market: Breakup by Battery Capacity (USD Million), 2018-2023
9. Global Electric Bus Market Forecast: Breakup by Battery Capacity (USD Million), 2024-2032
10. Global Electric Bus Historical Market: Breakup by Power Output (USD Million), 2018-2023
11. Global Electric Bus Market Forecast: Breakup by Power Output (USD Million), 2024-2032
12. Global Electric Bus Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Electric Bus Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Electric Bus Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Electric Bus Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Electric Bus Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Electric Bus Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Electric Bus Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Electric Bus Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Electric Bus Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Electric Bus Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Electric Bus Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Electric Bus Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Electric Bus Market Structure
The market is estimated to grow at a CAGR of 13.6% in the forecast period of between 2024 and 2032.
The major drivers of the market include the robust development initiatives taken in the modern transport systems, increasing deployment of electric buses in transits, airports, and schools, and changing preference towards comfortable and noise-free rides.
The rising prices of traditional fossil fuels, stringent regulations by various governments aimed towards curbing pollution, and growing research and development activities by the electric bus manufacturers, are the key trends in the market.
Fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV) are the different segments in the electric bus market based on propulsion type.
Less than 9 meters, 9-14 meters, and above 14 meters are the different categories based on length.
The high purchasing price of an electric bus and limited infrastructure for recharging is likely to pose challenges to the growth of the market for electric buses.
An electric bus has a battery of 160 kWh, while the shorter electric buses have a battery of 240 kWh.
An electric bus typically uses a lithium-ion battery which allows an electric bus to run as far as 150 miles in a single recharge.
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