
Electric Bus Market Size, Share & Trends Analysis Report By Vehicle Type (Battery Electric Vehicle, Plug-in Vehicle), By Battery Type, By Application (Intercity, Intracity), By End-use, By Region, And Segment Forecasts, 2023 - 2030
Description
Electric Bus Market Growth & Trends
The global electric bus market size is expected to reach USD 121.99 billion by 2030, expanding at a CAGR of 20.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising demand from private transit agencies, city planners, and private institutions for alternatives to conventional buses andincrease in production of cost-effective batteries are main factors driving the growth. Additionally, increasing developments in the deployment of fast-charging infrastructures are further contributing to the adoption of electric buses in the global market.Increased government support for electrifying public transportation will further propel the market growth. For instance, in March 2023, the Government of Canada announced an investment of USD 150,000 to conduct a feasibility study for electric buses and build a fleet transition plan for the city of Belleville. Furthermore, this initiative is expected to assess the city’s ability to transition to zero-emission buses. Several companies such as BYD, and AB Volvo have managed to penetrate the European market by providing electric buses in bulk quantity. For instance, in 2021, BYD secured the largest order from Europe for supplying 246 electric buses to the Netherlands.
Moreover,enacting stringent environmental and government emission standards will unleash the potential for the expansion of the electric bus industry. Several government entities have introduced innovative pollution reduction programs with incentives to encourage the use of electric buses for public transportation. In addition, customers are increasingly adopting alternative and innovative energy vehicles as a result of the global transportation sectors coupled with dwindling crude oil prices.
Rising investment by the government to boost the battery charging infrastructure is expected to fuel the electric bus industry. For instance, in February 2023, the U.S. government will be investing USD 7.5 billion for the development of the battery charging infrastructure and achieve the goal of installing about 500,000 chargers nationwide by 2030.
Asia Pacific region dominated the electric bus industry in 2022. China is the market leader both locally and internationally. China is renowned for having an enormous fleet of electric buses and taking major strides to achieve the goal of 20 million electric buses on roads by 2030. The Chinese government has established public transit zones for the usage of these vehicles. The region employs more battery-powered buses as a result of government initiatives. Additionally, the market's expansion in this area is being fueled by the presence of bus manufacturing giants and the rapid expansion of battery charging infrastructure is further fueling the growth of the market in this region.
Electric Bus Market Report Highlight
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. List of Primary Sources
- 1.3.4. List of Secondary Sources
- 1.4. Information Analysis
- 1.4.1. Data Analysis Model
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- Chapter 3. Electric Bus Market Analysis Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Market Opportunities Analysis
- 3.3. Industry Value Chain Analysis
- 3.4. Electric Bus Market Key Company Analysis, 2022
- 3.5. Market Analysis Tools
- 3.5.1. Electric Bus Market Analysis Industry Analysis - Porter’s
- 3.5.2. Electric Bus Market Industry Analysis - PEST Analysis
- Chapter 4. Electric Bus Market: Vehicle Outlook
- 4.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue, USD Million)
- 4.2. Battery Electric Vehicle
- 4.2.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- 4.3. Plug-in Vehicle
- 4.3.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- 4.4. Fuel Cell Vehicle
- 4.4.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- Chapter 5. Electric Bus Market: Battery Type Outlook
- 5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue, USD Million)
- 5.2. Lithium Nickle Manganese Cobalt Oxide
- 5.2.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- 5.3. Lithium Iron Phosphate
- 5.3.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- Chapter 6. Electric Bus Market: Application Outlook
- 6.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue, USD Million)
- 6.2. Intercity
- 6.2.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- 6.3. Intra-city
- 6.3.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- Chapter 7. Electric Bus Market: End-use Outlook
- 7.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue, USD Million)
- 7.2. Public
- 7.2.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- 7.3. Private
- 7.3.1. Market Estimates and Forecasts By Region, 2018 - 2030 (Revenue, USD Million)
- Chapter 8. Electric Bus Market: Regional Outlook
- 8.1. Electric Bus Market Analysis Market, By Region, 2022 & 2030
- 8.2. North America
- 8.2.1. Market Estimates and Forecasts By Country, 2018 - 2030 (Revenue, USD Million)
- 8.2.2. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.3. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.4. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.2.5. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.2.6. U.S.
- 8.2.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.2.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.2.7. Canada
- 8.2.7.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.2.7.4. Market Estimates and Forecasts By End-use, 2018 - 2030(Revenue, USD Million
- 8.3. Europe
- 8.3.1. Market Estimates and Forecasts By Country, 2018 - 2030 (Revenue, USD Million)
- 8.3.2. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.3. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.4. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.5. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.6. UK
- 8.3.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.7. Germany
- 8.3.7.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.7.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.8. France
- 8.3.8.1. Market Estimates and Forecast By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.2. Market Estimates and Forecast By Battery, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.3. Market Estimates and Forecast By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.8.4. Market Estimates and Forecast By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.9. Spain
- 8.3.9.1. Market Estimates and Forecast By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.2. Market Estimates and Forecast By Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.3. Market Estimates and Forecast By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.9.4. Market Estimates and Forecast By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.10. Italy
- 8.3.10.1. Market Estimates and Forecast By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.2. Market Estimates and Forecast By Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.3. Market Estimates and Forecast By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.10.4. Market Estimates and Forecast By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.3.11. Netherlands
- 8.3.11.1. Market Estimates and Forecast By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.11.2. Market Estimates and Forecast By Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.3.11.3. Market Estimates and Forecast By Application, 2018 - 2030 (Revenue, USD Million)
- 8.3.11.4. Market Estimates and Forecast By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market Estimates and Forecasts By Country, 2018 - 2030 (Revenue, USD Million)
- 8.4.2. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.3. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.4. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.4.5. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.4.6. China
- 8.4.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.4.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.4.7. India
- 8.4.7.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.4.7.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.4.8. Japan
- 8.4.8.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.4.8.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.4.9. South Korea
- 8.4.9.1. Market Estimates and Forecast By Vehicle Type, 2018-2030 (Revenue, USD Million)
- 8.4.9.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.4.9.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.4.9.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.5. Latin America
- 8.5.1. Market Estimates and Forecasts By Country, 2018 - 2030 (Revenue, USD Million)
- 8.5.2. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.3. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.4. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.5.5. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.5.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.5.7. Mexico
- 8.5.7.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.7.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.7.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.5.7.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.5.8. Chile
- 8.5.8.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.8.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.5.8.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.5.8.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.6.5. United Arab Emirates (UAE)
- 8.6.5.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.5.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.5.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.6.5.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.6.6.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- 8.6.7. South Africa
- 8.6.7.1. Market Estimates and Forecasts By Vehicle Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.2. Market Estimates and Forecasts by Battery Type, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.3. Market Estimates and Forecasts By Application, 2018 - 2030 (Revenue, USD Million)
- 8.6.7.4. Market Estimates and Forecasts By End-use, 2018 - 2030 (Revenue, USD Million)
- Chapter 9. Competitive Landscape
- 9.1. BYD Company Limited
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Type Benchmarking
- 9.1.4. Recent Developments
- 9.2. AB Volvo
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Type Benchmarking
- 9.2.4. Recent Developments
- 9.3. Proterra
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Type Benchmarking
- 9.3.4. Recent Developments
- 9.4. Man SE
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Type Benchmarking
- 9.4.4. Recent Developments
- 9.5. Nissan Motor Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Type Benchmarking
- 9.5.4. Recent Developments
- 9.6. Ashok Leyland Limited
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Type Benchmarking
- 9.6.4. Recent Developments
- 9.7. Daimler Truck AG
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Type Benchmarking
- 9.7.4. Recent Developments
- 9.8. Zhengzhou Yutong Bus Co., Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Type Benchmarking
- 9.8.4. Recent Developments
- 9.9. TATA Motors Limited
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Type Benchmarking
- 9.9.4. Recent Developments
- 9.10. Hyundai Motor Corporation
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Type Benchmarking
- 9.10.4. Recent Developments
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