Global Electric Bus Market Size Study, by Propulsion (BEV, FCEV), by Battery (LFP, NMC, NCA), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: GC00E9A36DC7EN
Bizwit Research & Consulting LLP

US$ 3,218.00 US$ 4,950.00 -35 %
Offer valid until August 31, 2025!

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global electric bus market is valued at approximately USD 14.89 billion in 2023 and is projected to expand at a remarkable CAGR of 14.20% during the forecast period of 2024-2032. The electric bus sector embodies a revolutionary shift in urban and intercity transportation, driven by the surging demand for sustainable and eco-friendly mobility solutions. These buses, powered by advanced battery technologies such as Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC), are designed to reduce emissions while offering superior operational efficiency. Their adoption has been significantly bolstered by government incentives, stringent emission norms, and growing investments in electric vehicle infrastructure globally.

The increasing preference for Battery Electric Vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs) underscores the momentum toward cleaner transportation solutions. City buses dominate the application landscape, serving as a vital cog in urban transit networks, while specialized categories such as school and coach buses gain traction for niche requirements. Moreover, innovations in battery chemistries and advancements in autonomy levels enhance the operational range and safety, positioning electric buses as the future of public and commercial transport.

Despite their immense potential, the market encounters challenges, such as high initial acquisition costs and the need for robust charging infrastructure. Additionally, complexities surrounding the integration of autonomy and power management systems present hurdles for widespread adoption. However, collaborative initiatives among OEMs, energy providers, and public sector entities aim to mitigate these barriers, fostering a sustainable ecosystem for electric mobility.

Geographically, the Asia-Pacific region leads the market, driven by China's dominance in electric vehicle production and supportive government policies. Europe emerges as a prominent contender, propelled by its stringent emission regulations and comprehensive electrification goals. North America follows closely, with increasing adoption of zero-emission buses in cities across the U.S. and Canada. Latin America and the Middle East & Africa regions also exhibit significant growth potential, spurred by investments in urban infrastructure modernization.

Major market players included in this report are:
  • BYD Company Ltd.
  • Proterra Inc.
  • AB Volvo
  • Daimler AG
  • Zhengzhou Yutong Bus Co., Ltd.
  • NFI Group Inc.
  • Solaris Bus & Coach S.A.
  • Tata Motors Limited
  • CNH Industrial N.V.
  • Ashok Leyland
  • VDL Bus & Coach BV
  • Alexander Dennis Limited
  • Scania AB
  • King Long United Automotive Industry Co., Ltd.
  • Gillig Corporation
The detailed segments and sub-segment of the market are explained below:

By Propulsion:
  • BEV (Battery Electric Vehicle)
  • FCEV (Fuel Cell Electric Vehicle)
By Battery:
  • Lithium Iron Phosphate (LFP)
  • Nickel Manganese Cobalt (NMC)
  • Nickel Cobalt Aluminum (NCA)
By Length:
  • <9m
  • 9m-14m
  • 14m
By Application:
  • City
  • Coach
  • Midi
  • School
By Seating/Battery Capacity:
  • Detailed breakdown based on vehicle specifications
By Range:
  • Up to 150 miles
  • 150-300 miles
  • More than 300 miles
By Power Output:
  • Less than 100 kW
  • 100-250 kW
  • More than 250 kW
By Autonomy Level:
  • Partial Automation
  • High Automation
  • Full Automation
By Component:
  • Electric Drive
  • Battery Systems
  • Charging Systems
  • Others
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Key Takeaways:
  • Market estimates & forecasts for 10 years from 2022 to 2032.
  • Annualized revenues and regional-level analysis for each market segment.
  • Detailed analysis of geographical landscape with country-level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations for future market approaches.
  • Analysis of the competitive structure of the market.
  • Demand-side and supply-side analysis of the market.
CHAPTER 1. GLOBAL ELECTRIC BUS MARKET EXECUTIVE SUMMARY

1.1. Global Electric Bus Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Propulsion
  1.3.2. By Battery
  1.3.3. By Length
  1.3.4. By Application
  1.3.5. By Seating/Battery Capacity
  1.3.6. By Range
  1.3.7. By Power Output
  1.3.8. By Autonomy Level
  1.3.9. By Component
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ELECTRIC BUS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ELECTRIC BUS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Demand for Sustainable Transportation
  3.1.2. Government Incentives and Support
  3.1.3. Technological Advancements in Battery and Autonomy
3.2. Market Challenges
  3.2.1. High Initial Acquisition Costs
  3.2.2. Limited Charging Infrastructure
3.3. Market Opportunities
  3.3.1. Expansion in Public Transit Systems
  3.3.2. Strategic Partnerships and Collaborations
  3.3.3. Innovations in Battery Technology and Autonomous Systems

CHAPTER 4. GLOBAL ELECTRIC BUS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY PROPULSION 2022-2032

5.1. Segment Dashboard
5.2. Global Electric Bus Market: Propulsion Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. BEV (Battery Electric Vehicle)
  5.2.2. FCEV (Fuel Cell Electric Vehicle)

CHAPTER 6. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY BATTERY 2022-2032

6.1. Segment Dashboard
6.2. Global Electric Bus Market: Battery Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Lithium Iron Phosphate (LFP)
  6.2.2. Nickel Manganese Cobalt (NMC)
  6.2.3. Nickel Cobalt Aluminum (NCA)

CHAPTER 7. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY LENGTH 2022-2032

7.1. Segment Dashboard
7.2. Global Electric Bus Market: Length Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. $$$9m
  7.2.2. 9m-14m
  7.2.3. $$$$14m

CHAPTER 8. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

8.1. Segment Dashboard
8.2. Global Electric Bus Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  8.2.1. City
  8.2.2. Coach
  8.2.3. Midi
  8.2.4. School

CHAPTER 9. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY SEATING/BATTERY CAPACITY 2022-2032

9.1. Segment Dashboard
9.2. Global Electric Bus Market: Seating/Battery Capacity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  9.2.1. Detailed breakdown based on vehicle specifications

CHAPTER 10. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY RANGE 2022-2032

10.1. Segment Dashboard
10.2. Global Electric Bus Market: Range Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  10.2.1. Up to 150 miles
  10.2.2. 150-300 miles
  10.2.3. More than 300 miles

CHAPTER 11. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY POWER OUTPUT 2022-2032

11.1. Segment Dashboard
11.2. Global Electric Bus Market: Power Output Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  11.2.1. Less than 100 kW
  11.2.2. 100-250 kW
  11.2.3. More than 250 kW

CHAPTER 12. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY AUTONOMY LEVEL 2022-2032

12.1. Segment Dashboard
12.2. Global Electric Bus Market: Autonomy Level Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  12.2.1. Partial Automation
  12.2.2. High Automation
  12.2.3. Full Automation

CHAPTER 13. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

13.1. Segment Dashboard
13.2. Global Electric Bus Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  13.2.1. Electric Drive
  13.2.2. Battery Systems
  13.2.3. Charging Systems
  13.2.4. Others

CHAPTER 14. GLOBAL ELECTRIC BUS MARKET SIZE & FORECASTS BY REGION 2022-2032

14.1. North America Electric Bus Market
  14.1.1. U.S. Electric Bus Market
    14.1.1.1. Propulsion Breakdown Size & Forecasts, 2022-2032
    14.1.1.2. Battery Breakdown Size & Forecasts, 2022-2032
    14.1.1.3. Length Breakdown Size & Forecasts, 2022-2032
    14.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
  14.1.2. Canada Electric Bus Market
14.2. Europe Electric Bus Market
  14.2.1. UK Electric Bus Market
  14.2.2. Germany Electric Bus Market
  14.2.3. France Electric Bus Market
  14.2.4. Spain Electric Bus Market
  14.2.5. Italy Electric Bus Market
  14.2.6. Rest of Europe Electric Bus Market
14.3. Asia-Pacific Electric Bus Market
  14.3.1. China Electric Bus Market
  14.3.2. India Electric Bus Market
  14.3.3. Japan Electric Bus Market
  14.3.4. Australia Electric Bus Market
  14.3.5. South Korea Electric Bus Market
  14.3.6. Rest of Asia Pacific Electric Bus Market
14.4. Latin America Electric Bus Market
  14.4.1. Brazil Electric Bus Market
  14.4.2. Mexico Electric Bus Market
  14.4.3. Rest of Latin America Electric Bus Market
14.5. Middle East & Africa Electric Bus Market
  14.5.1. Saudi Arabia Electric Bus Market
  14.5.2. South Africa Electric Bus Market
  14.5.3. Rest of Middle East & Africa Electric Bus Market

CHAPTER 15. COMPETITIVE INTELLIGENCE

15.1. Key Company SWOT Analysis
  15.1.1. BYD Company Ltd.
  15.1.2. Proterra Inc.
  15.1.3. AB Volvo
15.2. Top Market Strategies
15.3. Company Profiles
  15.3.1. BYD Company Ltd.
    15.3.1.1. Key Information
    15.3.1.2. Overview
    15.3.1.3. Financial (Subject to Data Availability)
    15.3.1.4. Product Summary
    15.3.1.5. Market Strategies
  15.3.2. Proterra Inc.
  15.3.3. AB Volvo
  15.3.4. Daimler AG
  15.3.5. Zhengzhou Yutong Bus Co., Ltd.
  15.3.6. NFI Group Inc.
  15.3.7. Solaris Bus & Coach S.A.
  15.3.8. Tata Motors Limited
  15.3.9. CNH Industrial N.V.
  15.3.10. Ashok Leyland
  15.3.11. VDL Bus & Coach BV
  15.3.12. Alexander Dennis Limited
  15.3.13. Scania AB
  15.3.14. King Long United Automotive Industry Co., Ltd.
  15.3.15. Gillig Corporation

CHAPTER 16. RESEARCH PROCESS

16.1. Research Process
  16.1.1. Data Mining
  16.1.2. Analysis
  16.1.3. Market Estimation
  16.1.4. Validation
  16.1.5. Publishing
16.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Electric Bus Market, Report Scope
TABLE 2. Global Electric Bus Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Electric Bus Market Estimates & Forecasts by Propulsion 2022-2032 (USD Million/Billion)
TABLE 4. Global Electric Bus Market Estimates & Forecasts by Battery 2022-2032 (USD Million/Billion)
TABLE 5. Global Electric Bus Market Estimates & Forecasts by Length 2022-2032 (USD Million/Billion)
TABLE 6. Global Electric Bus Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 7. Global Electric Bus Market Estimates & Forecasts by Seating/Battery Capacity 2022-2032 (USD Million/Billion)
TABLE 8. Global Electric Bus Market Estimates & Forecasts by Range 2022-2032 (USD Million/Billion)
TABLE 9. Global Electric Bus Market Estimates & Forecasts by Power Output 2022-2032 (USD Million/Billion)
TABLE 10. Global Electric Bus Market Estimates & Forecasts by Autonomy Level 2022-2032 (USD Million/Billion)
TABLE 11. Global Electric Bus Market Estimates & Forecasts by Component 2022-2032 (USD Million/Billion)
TABLE 12. Global Electric Bus Market Estimates & Forecasts by Propulsion 2022-2032 (USD Million/Billion)
TABLE 13. Global Electric Bus Market Estimates & Forecasts by Battery 2022-2032 (USD Million/Billion)
TABLE 14. Global Electric Bus Market Estimates & Forecasts by Length 2022-2032 (USD Million/Billion)
TABLE 15. Global Electric Bus Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 16. Global Electric Bus Market Estimates & Forecasts by Seating/Battery Capacity 2022-2032 (USD Million/Billion)
TABLE 17. Global Electric Bus Market Estimates & Forecasts by Range 2022-2032 (USD Million/Billion)
TABLE 18. Global Electric Bus Market Estimates & Forecasts by Power Output 2022-2032 (USD Million/Billion)
TABLE 19. Global Electric Bus Market Estimates & Forecasts by Autonomy Level 2022-2032 (USD Million/Billion)
TABLE 20. Global Electric Bus Market Estimates & Forecasts by Component 2022-2032 (USD Million/Billion)
...
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.


More Publications