Electric Bus Market
Electric Bus Market - Global Industry Assessment & Forecast
#
Pages:
147
2023
Feb - 2024
VMR-1497
Segments Covered
By
Type BEVs, FCEVs
-
By
Consumer Private, Government
-
By
Application Intercity, Intracity
-
By
Bus Type Less Than 9m, 9m−14m, Above 14m
-
By
Vehicle Range Less Than 200 Miles, Above 200 Miles
-
By
Battery Capacity Upto 400 kWh, Above 400 kWh
-
By
Power Output Upto 250 kW, Above 250 kW
-
By
Battery Type Lithium- Nickel- Manganese- Cobalt-Oxide, Lithium- Iron- Phosphate, Other Battery Types
-
By
Component (Qualitative) Motor, Battery, Fuel Cell Stack, Battery Management System, Battery Cooling System, EV Connectors
-
By
Seating Capacity Up to 40 Seats, 40-70 Seats, Above 70 Seats
-
By
Autonomy Semi- Autonomous, Autonomous
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 49.88 Billion |
 Revenue 2032:
|
USD 178.2 Billion |
 Revenue CAGR
(2024 - 2032): |
15.2% |
Fastest Growing Region (2024 -
2032)
|
North America |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Electric Bus Market by Type by Consumer by Application by Bus Type by Vehicle Range by Battery Capacity by Power Output by Battery Type by Component (Qualitative) by Seating Capacity by Autonomy by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Electric Bus market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Electric Bus market.
Vantage Market
Research | 22-Feb-2024
FAQ
Frequently Asked Question
What is the global demand for Electric Bus in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
The prominent players in the market are Tata Motors (India), Daimler AG (Germany), Geely Automobiles Holdings Ltd. (China), Man SE (Germany), Scania AB (Sweden), AB Volvo (Sweden), BYD Company Ltd. (China), Dongfeng Motor Company (China), Zhengzhou Yutong Bus Co. Ltd. (China), Proterra Inc. (U.S.), CAF Group (Spain), VDL Groep (Netherlands).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 15.2% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electric Bus include
- Increasing demand for emission-free and energy-efficient mass transit solutions
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electric Bus in 2023.
