Global electric bus market size to register 10% CAGR through 2028

Pune, India, Sept. 19, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, electric bus market is expected to register a compound annual growth rate of 10% over the forecast period.

Moreover, it includes a section which studies the history of this business globally by analyzing the geographies and forecasts the market size, annual sales and annual revenue of each contributing region over the period. ‘study.

The study also provides an in-depth look at the competitive environment of the industry. It contains details about the market concentration rate of leading companies in the industry along with their annual revenue.

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The adoption of technological advances, rapid urbanization, structured government measures, strict pollution prevention standards, rising oil prices, improved measures to limit carbon emissions, and reductions in fuel prices. batteries are some of the major growth factors in the global electric bus market.

Moreover, the expansion of the market can be attributed to the growing government initiatives to expand the use of electric buses on public roads. Even transport agencies are increasing their spending on electric buses and are making great efforts to set up suitable charging infrastructure.

Overview of market segmentation

The global electric bus industry vertical is segmented on the basis of seating capacity, end-user scope, battery capacity, propulsion model, bus length and power output .

Based on seat capacity, this market is segmented into up to 30 seats, 30 to 90 seats, and 90 to 120 seats. In terms of end-user scope, the market is divided into educational, government, and private sectors. Among these, the government segment is expected to register a large market share over the forecast span, owing to technological advancements and rapid urbanization.

By battery capacity, the market is split into up to 400kW and above 400kWh. Among these, the above 400kWh segment is expected to witness a considerable compound annual growth rate during the forecast period, due to measures to reduce carbon emissions and lower battery prices.

In terms of bus length, this market is divided into under 9m, 9-14m and over 14m. In addition, based on the power output, the market mentions the analysis up to 250 kW. and above 250 kW.

For propulsion, the business area is segmented into fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV). Among these, the BEV segment is expected to contribute considerable growth over the analysis period, due to strict pollution prevention standards and rising oil prices.

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Regional analysis

The global electric utility market space spans regions such as Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa.

Competitive Scoreboard:

Major industry players include names like Proterra, Xiamen King Long United Automotive Industry Co., Ltd., Xiamen Golden Dragon Bus Co., Ltd., NFI Group, Alexander Dennis Limited (ADL), Tata Group, Anhui Ankai Automobile Co. ., Ltd., Iveco Bus, EvoBus GmbH (subsidiary of Daimler Truck AG), Blue Bird Corporation, VDL Bus & Coach (VDL Groep), AB Volvo, Solaris Bus & Coach sp. z oo, Zhengzhou Yutong Bus Co., Ltd. and BYD Auto Co., Ltd., among others.

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Global Electric Bus Market, by Seating Count (Revenue, USD Million, 2019-2028)

  • Up to 30 seats
  • 30-90 seats
  • 90-120 seats

Global Electric Bus Market, By End User (Revenue, USD Million, 2019 – 2028)

  • Educative
  • Government
  • Private

Global Electric Bus Market, by Battery Capacity (Revenue, USD Million, 2019 – 2028)

  • Up to 400kWh
  • Above 400 kWh

Global Electric Bus Market, By Propulsion Model (Revenue, USD Million, 2019 – 2028)

  • Fuel Cell Electric Vehicle (FCEV),
  • Battery Electric Vehicle (BEV)
  • Plug-in hybrid electric vehicle (PHEV)

Global Electric Bus Market, By Propulsion Model (Revenue, USD Million, 2019 – 2028)

  • Less than 9m
  • 9-14m
  • Above 14m

Global Electric Bus Market, Regional Landscape (Revenue, USD Million, 2019 – 2028)

  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • Middle East and Africa

Global Electric Bus Market, Competitive Analysis (Revenue, USD Million, 2019 – 2028)

  • Proterra
  • Xiamen King Long United Automotive Industry Co., Ltd.
  • Xiamen Golden Dragon Bus Co.,Ltd.
  • NFI Group
  • Alexander Dennis Limited (ADL)
  • Tata Group
  • Anhui Ankai Automobile Co.,Ltd.
  • Iveco buses
  • EvoBus GmbH (subsidiary of Daimler Truck AG)
  • Bluebird Society
  • VDL Bus & Coach (VDL Group)
  • AB Volvo
  • Solaris Bus & Coach sp. zoo
  • Zhengzhou Yutong Bus Co., Ltd.
  • BYD Auto Co., Ltd.


1. Presentation of the market

1.1. Scope of the study

1.2. Statement of the problem

1.3. Market segmentation

2. Assumptions and acronyms

3. Executive Summary

3.1. World market in 2022

3.2. Analyst Opinions and Recommendations

3.3. Growth opportunities and key strategies

3.4. Supply and demand side trends

4. Research methodology

5. Analysis of the impact of COVID-19 and the way forward

6. Market indicators and context

6.1. Macroeconomic factors

6.1.1. World population overview and forecast

6.1.2. Analysis of global passenger traffic by route

6.1.3. Analysis of buses per capita in selected countries

6.2. Forecast factors

Robust assessment of various factors including industry performance, spending by industry players, economic conditions, among others

6.3. Supply chain and value chain analysis

6.3.1. raw material suppliers Battery materials Lithium Nickel Graphite Cobalt Platinum Electronic components tire suppliers Glass Suppliers Brake manufacturers Auxiliary component/parts suppliers

6.3.2. Electric bus manufacturers

6.3.3. Key end users

6.4. Industry SWOT Analysis

6.5. PESTLE analysis

6.6. Porter’s Five Forces Analysis

7. Government Laws and Industry Regulations

8. Global and Regional Market Dynamics

8.1. Drivers

8.2. Constraints

8.3. Tendencies

8.4. Opportunities

9. Global Electric Bus Market: Key Investment Analysis

9.1. By battery manufacturers

9.2. By region

9.3. Per end user

9.4. Mergers and acquisitions activities

Solid assessment of major investments made by various industry players, along with key application areas, technology assessment, and key end-use sector

10. Electric Bus Cost Allocation Analysis

10.1. Battery Electric Vehicle (BEV)

10.2. Fuel Cell Electric Vehicle (FCEV)

10.3. Plug-in hybrid electric vehicle (PHEV)

11. Price Analysis

11.1. By motorization

11.1.1. Battery Electric Vehicle (BEV)

11.1.2. Fuel Cell Electric Vehicle (FCEV)

11.1.3. Plug-in hybrid electric vehicle (PHEV)

11.2. By region

11.2.1. North America

11.2.2. Western Europe

11.2.3. Eastern Europe

11.2.4. Asia Pacific

11.2.5. Latin America

11.2.6. Middle East and Africa

12. Cost-benefit assessment: conventional buses VS electric buses

12.1. Purchase price

12.2. Fuel/electricity cost

12.3. Maintenance cost

13. Parent Market Overview: Global Electric Vehicle Market

14. Global Electric Vehicle Fleet Analysis

14.1. By region

14.2. By electric bus

14.3. By capacity

15. Segmental analysis

15.1. Global electric bus market by number of seats

15.1.1. Segment overview Up to 30 seats 30-90 seats 90-120 seats

15.2. Global Electric Bus Market by End User

15.2.1. Segment overview Government Long distance Intra-city Educative Long distance Intra-city Private Long distance Intra-city

15.3. Global Electric Bus Market by Battery Capacity

15.3.1. Segment overview Up to 400kWh Above 400 kWh

15.4. Global electric bus market by bus length

15.4.1. Segment overview Less than 9m 9-14m Above 14m

15.5. Global market for electric buses by propulsion

16. Regional analysis

Related report:

Global Electric Commercial Vehicles Market Size Study and Regional Forecast 2021-2027

Global Electric commercial vehicle market to reach USD 327.7 billion by 2027. The global electric commercial vehicle market is valued at around USD 52.99 billion in 2020 and is expected to grow with a healthy growth rate of over 29.73% over the period of forecast 2021-2027. Growing demand for electric vehicles around the world, new commercial vehicle launches, and government incentives and subsidies to encourage electric vehicle adoption. According to Statista, sales of light electric utility vehicles (LCVs) in China increased from 38,400 units in 2016 to 67,220 units in 2017 and reached 84,210 units in 2018. Additionally, in September 2021, Omega Seiki Mobility Pvt. ltd. launched India’s first Small Electric Utility Vehicle (SCV), the M1KA. Equipped with a 90 kWh battery, this light utility vehicle offers a range of 250 km on a single charge.

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