Global Electric Bus Market was valued at USD 45.8 Billion in the year 2019. Global Electric Bus market is further estimated to grow at a CAGR of 16.37% from 2019 to reach USD 134.4 Billion by the year 2025. Asia Pacific region holds the highest market share in 2019 with North America region is considered as the fastest growing market in the forecasted period. At a country level, China holds the biggest market in 2019 and it is projected to grow at a gradual pace in the coming years.
Daimler AG. (Germany), Proterra Inc. (U.S), AB Volvo. (Sweden), are some of the key players in the Electric Bus market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Eco-friendly and Reduced Vibration
Charging Time & Location
Emerging market in India
Collaboration within the eMobility Value Chain
Battery Electric Buses (BEBs) is expected to hold the highest market share during the forecast period. On the other hand, the pure electric bus is expected to grow at the highest CAGR of XX.XX during the year 2019-2025. As there is recent growth in electric charging stations in the major cities of the world.
Key Benefits for Stakeholders
Electric Bus Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Parallel Hybrid Bus
Series Hybrid Bus
Series-Parallel Hybrid Bus
Pure Electric Bus
Below 10 Meters Length
Above 10 Meters Length
Key Market Players
Jiangsu Alfa Bus Co., Ltd
Jingzhou Xinwei Electric Vehicle Co. Ltd.
Zhengzhou Yutong Bus Co., Ltd.
Zhuhai Guangtong Automobile Co., Ltd.
New Flyer Industries, Inc.
(A brief overview of another 13 companies is also provided)
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