Request Sample Inquiry
Electric Bus Market

Electric Bus Market

Electric Bus Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Feb - 2024



Report Code:


Segments Covered
  • By Type By Type BEVs, FCEVs
  • By Consumer By Consumer Private, Government
  • By Application By Application Intercity, Intracity
  • By Bus Type By Bus Type Less Than 9m, 9m−14m, Above 14m
  • By Vehicle Range By Vehicle Range Less Than 200 Miles, Above 200 Miles
  • By Battery Capacity By Battery Capacity Upto 400 kWh, Above 400 kWh
  • By Power Output By Power Output Upto 250 kW, Above 250 kW
  • By Battery Type By Battery Type Lithium- Nickel- Manganese- Cobalt-Oxide, Lithium- Iron- Phosphate, Other Battery Types
  • By Component (Qualitative) By Component (Qualitative) Motor, Battery, Fuel Cell Stack, Battery Management System, Battery Cooling System, EV Connectors
  • By Seating Capacity By Seating Capacity Up to 40 Seats, 40-70 Seats, Above 70 Seats
  • By Autonomy By Autonomy Semi- Autonomous, Autonomous
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 49.88 Billion
Revenue 2032Revenue 2032: USD 178.2 Billion
Revenue CAGRRevenue CAGR (2024 - 2032): 15.2%
Fastest Growing Region Fastest Growing Region (2024 - 2032) North America
Largest Region Largest Region (2023): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Sr. No. Offering Report Coverage
1. Market Size In terms of Revenue (USD Million)
2. Historic Data 2018 to 2022
3. Forecast Data 2024 to 2032
4. Market Drivers, Restraints, Opportunities, & Regional Market Trends Yes
5. Market Attractiveness Analysis Yes
6. Segment Analysis Maximum Segments
7. Regional Coverage 5 Regions
8. Country Coverage Top 22 Countries
9. Competitive Landscape and Company Market Share Analysis Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.
10. Porter’s Five Forces Analysis Yes.
11. Value Chain Analysis Yes
12. PEST Analysis Yes
13. Regulatory Landscape Yes
14. Technology Landscape Yes
15. COVID-19 Impact Analysis Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.
16. Top startups to watch out for Yes
17. Top 3 Trends to Watch Yes
18. Top 3 Strategies Followed by Major Players Yes
19. Top 3 Predictions by Vantage Market Research Yes
20. Discussion Guide Yes
21. Key Primary Respondents - VERBATIM Yes
22. Transcripts from the Primary Respondents Additional Cost USD 1,000
23. Others/Miscellaneous
Frequently Asked Question
  • The global Electric Bus valued at USD 49.88 Billion in 2023 and is expected to reach USD 178.2 Billion in 2032 growing at a CAGR of 15.2%.

  • The prominent players in the market are Tata Motors, Daimler AG, Geely Automobiles Holdings Ltd., Man SE, Scania AB, AB Volvo, BYD Company Ltd., Dongfeng Motor Company, Zhengzhou Yutong Bus Co., Ltd., Proterra Inc., CAF Group, VDL Groep.

  • The market is project to grow at a CAGR of 15.2% between 2024 and 2032.

  • The driving factors of the Electric Bus include

    • Increasing demand for emission-free and energy-efficient mass transit solutions

  • Asia Pacific was the leading regional segment of the Electric Bus in 2023.