세계의 전기버스 시장 예측(-2032년) : 버스 전체 길이별, 배터리 유형별, 배터리 용량별, 출력별, 항속거리별, 승차 정원별, 용도별, 소비자별, 차량총중량별, 추진력별, 컴포넌트별, 자율주행 레벨별, 지역별

The electric bus market is projected to grow from USD 23.80 billion in 2025 to USD 59.60 billion by 2032, at a CAGR of 14.0%. The global electric bus market is experiencing consistent growth, driven by government support and significant technological advancements. Improvements in battery energy density and charging speeds address concerns like range anxiety and allow electric buses to match the operational performance of diesel fleets.

Developing advanced battery management systems and adopting LFP battery chemistry enhances safety, longevity, and efficiency. Additionally, the total cost of ownership (TCO) is one of the critical factors driving the demand for electric buses as they have lower fuel and maintenance costs over the vehicle's lifecycle.

"The government sector is estimated to generate the largest demand for electric buses in 2025."

Electric buses are poised to have significant applications in the government sector, primarily through public transit fleets, due to large-scale subsidies and mandates that enable widespread deployment for urban and intercity routes. National and city-level governments actively push local transport authorities to procure electric buses through subsidies, binding regulations, and fleet replacement mandates. For instance, China's government has subsidized electric bus fleets in Shenzhen, resulting in over 16,000 public e-buses operated by municipal companies like Shenzhen Bus Group. In India, the FAME-II scheme provides ₹20-40 lakh subsidies per e-bus for state transport undertakings, leading to 7,120 public e-buses procured for municipal fleets like BEST in Mumbai, targeting 50,000 e-buses nationwide by 2027. The US Federal Transit Administration's USD 1.7 billion allocation under the Bipartisan Infrastructure Law has funded over 1,300 zero-emission public transit buses, as seen in Beaverton School District's 28 e-school buses, covering 70% of Oregon's public-school electric bus fleet. In Europe, the EU's Clean Bus Deployment Initiative has driven 7,779 e-bus registrations in 2024 for public operators like Hochbahn in Hamburg, with subsidies for zero-emission fleets achieving 100% electrification targets by 2030.

In contrast, private sector applications, such as corporate shuttles or delivery fleets, remain niche but lag due to higher upfront costs without equivalent government support. Private companies in the Netherlands operate public buses under government contracts; the scale and funding favor government-led initiatives, with private adoption limited to specialized uses like airport shuttles, where e-buses save USD 125,000 in maintenance over diesel counterparts but require custom infrastructure.

"The fuel cell electric bus market is projected to witness a positive growth rate during the forecast period."

Fuel-cell electric buses (FCEVs) are gaining attention as a counterpart to battery electric buses (BEVs), especially for longer routes and regions with limited charging infrastructure. According to an electric bus magazine, in Europe, registrations of FCEV buses increased from 207 in 2023 to 378 in 2024, an 82% jump, yet they still represent only about 4.6% of zero-emission buses.

Major supply contracts related to FCEV buses include the public transport company (TPER) in Bologna, Italy, placing an order for 130 Solaris Urbino 12 hydrogen buses in late 2023, with deliveries planned from 2026. In the UK, Liverpool city introduced 20 Alexander Dennis Enviro400FCEVs in 2023, while Wrightbus (UK) delivered its Hydroliner FCEV double-decker buses to Cologne in 2024. In Asia, Hyundai's Elec City FCEV has been commercially available since 2019 and has surpassed 1,000-unit sales in South Korea by September 2024. In India, the first hydrogen fuel-cell bus entered service in Ladakh in early 2025, marking an important milestone in challenging terrain.

The benefits of fuel cell buses compared to BEVs lie in their fast-refueling times and extended driving range, which make them better suited for intercity and regional services. However, FCEVs are less energy efficient, converting only 60 to 70% of energy compared to 85 to 90% for BEVs. These buses are also twice to three times as expensive as BEV buses. A 2023 study in Bolzano, Italy, found that the running costs of FCEBs were more than twice those of battery buses, primarily due to hydrogen production, distribution, and fueling infrastructure costs. This cost gap explains why only governments and public transport agencies opt for FCEVs rather than private operators.

"North America is projected to be one of the major electric bus markets."

North America, particularly the US and Canada, is emerging as one of the most important markets for electric buses during the forecast period. In the US, the electric school bus segment is leading the transition from diesel to electric buses. This is backed by the EPA's Clean School Bus Program, which is providing USD 5 billion in funding till 2026 to support the replacement of diesel school buses with electric alternatives. By late 2024, the EPA had awarded grants for nearly 12,000 electric school buses across 1,000 school districts, making it the region's most significant single driver of demand. Transit agencies are also improving adoption, supported by the Federal Transit Administration's Low-No Emission Vehicle Program (Low-No Program), which allocated USD 1.7 billion in 2023 and is expected to continue distributing funds through 2025 for zero-emission transit buses and charging infrastructure.

Canada is following a similar path, with the Zero Emission Transit Fund (ZETF) providing USD 2 billion in support till 2026 to help municipalities procure electric transit buses and build charging facilities. As of 2024, more than 700 electric buses have been sold in Canada, which is expected to increase further in 2025. These federal and state-level incentives are positioning the US and Canada as leaders in e-bus adoption in North America. While China and Europe still dominate in overall sales of electric buses, North America's focus on electrifying both school buses is a unique regional characteristic.

The break-up of the profile of primary participants in the electric bus market is as follows:

• By Company Type: Electric Bus OEM - 90%, Tier 1 - 10%
• By Designation: C Level - 60%, Director-level - 30%, Others - 10%
• By Region: North America- 10%, Europe - 40%, Asia Pacific - 50%

Prominent companies include BYD Company Ltd. (China), Yutong Co., Ltd. (China), Xiamen King Long (China), CRRC Corporation Limited (China), and Zhejiang Geely Holding Group (China), which are the leading manufacturers of electric buses in the global market.

Research Coverage:

The study segments the electric bus market and forecasts the market size based on propulsion (BEVs, FCEVs), range (up to 300 miles, above 300 miles), the length of the bus (less than 9 m, 9-14 m, more than 14m), consumer (private, government), application (transit buses, coaches, school buses, and others), battery capacity (up to 400 kWh, Above 400 kWh), component (motors, batteries, fuel cell stacks, battery management systems, battery cooling systems, DC-DC converters, inverters, AC/DC chargers, EV connectors), the level of autonomy (semi-autonomous, autonomous), power output (up to 250 kW, above 250 kW), seating capacity (up to 40 seats, 40-70 seats, above 70 seats), by GVW (Up to 10 tonnes, 10 to 20 tonnes and above 20 tonnes), and region (Asia Pacific, North America, Middle East & Africa [MEA], Europe, and Latin America). This report covers the competitive analysis of upcoming startups/SMEs in the electric bus market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric bus market and the subsegments. The report includes a comprehensive market share analysis, supply chain analysis, extensive lists and insights into component manufacturers, chapter segmentation based on materials, a thorough supply chain analysis, and a competitive landscape. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

• Analysis of key drivers (rising GHG emissions, government incentives and policies, overall targets to reduce fleet-level emissions and increasing demand for emission-free vehicles), restraints (CNG and biofuel buses slowing the adoption of electric buses, safety concerns in EV batteries and high development cost), opportunities (development of advanced battery technologies, transition towards hydrogen fuel cell electric mobility), and challenges (high cost of developing charging infrastructure) influencing the growth of the electric bus market
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the electric bus market
• Market Development: Comprehensive information about lucrative markets (the report analyzes the electric bus market across varied regions)
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric bus market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the electric bus market, such as BYD Company Ltd. (China), Yutong Co., Ltd. (China), Xiamen King Long (China), CRRC Corporation Limited (China), and Zhejiang Geely Holding Group (China)

The report also helps stakeholders understand the pulse of the electric bus market by providing them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKET SEGMENTATION AND REGIONAL SNAPSHOT
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
• 1.4 YEARS CONSIDERED
• 1.5 CURRENCY CONSIDERED
• 1.6 STAKEHOLDERS
• 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
    • 2.1.1.1 Key secondary sources
    • 2.1.1.2 Key data from secondary sources
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 Primary participants
• 2.2 MARKET SIZE ESTIMATION
  • 2.2.1 BOTTOM-UP APPROACH
• 2.3 DATA TRIANGULATION
• 2.4 FACTOR ANALYSIS
• 2.5 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
• 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC BUS MARKET
• 4.2 ELECTRIC BUS MARKET, BY PROPULSION
• 4.3 ELECTRIC BUS MARKET, BY RANGE
• 4.4 ELECTRIC BUS MARKET, BY COMPONENT
• 4.5 ELECTRIC BUS MARKET, BY CONSUMER
• 4.6 ELECTRIC BUS MARKET, BY BATTERY CAPACITY
• 4.7 ELECTRIC BUS MARKET, BY BATTERY TYPE
• 4.8 ELECTRIC BUS MARKET, BY APPLICATION
• 4.9 ELECTRIC BUS MARKET, BY POWER OUTPUT
• 4.10 ELECTRIC BUS MARKET, BY LENGTH
• 4.11 ELECTRIC BUS MARKET, BY SEATING CAPACITY
• 4.12 ELECTRIC BUS MARKET, BY GVW
• 4.13 ELECTRIC BUS MARKET, BY REGION

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Rising GHG emissions
      • 5.2.1.1.1 Government incentives and policies
      • 5.2.1.1.2 Target to reduce fleet-level emissions
    • 5.2.1.2 Increasing demand for emission-free vehicles and decline in battery prices
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 CNG and biofuel buses slowing adoption of electric buses
    • 5.2.2.2 Safety concerns in EV batteries and high development costs
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Development of advanced battery technologies
    • 5.2.3.2 Transition toward hydrogen fuel cell electric mobility
    • 5.2.3.3 Emergence of charging services for electric buses
  • 5.2.4 CHALLENGES
    • 5.2.4.1 High cost of developing charging infrastructure

6 INDUSTRY TRENDS

• 6.1 IMPACT OF AI/GEN AI ON ELECTRIC BUS MARKET
• 6.2 TRADE ANALYSIS
  • 6.2.1 IMPORT SCENARIO
  • 6.2.2 EXPORT SCENARIO
• 6.3 ECOSYSTEM ANALYSIS
• 6.4 SUPPLY CHAIN ANALYSIS
• 6.5 TOTAL COST OF OWNERSHIP: DIESEL BUSES VS. ELECTRIC BUSES
  • 6.5.1 COST COMPARISON: ELECTRIC BUSES VS. ICE BUSES
• 6.6 PRICING ANALYSIS
  • 6.6.1 BY APPLICATION
  • 6.6.2 BY PROPULSION
  • 6.6.3 BY REGION
• 6.7 PATENT ANALYSIS
  • 6.7.1 INTRODUCTION
• 6.8 REGULATORY LANDSCAPE
  • 6.8.1 NORTH AMERICA
  • 6.8.2 EUROPE
  • 6.8.3 ASIA PACIFIC
  • 6.8.4 LATIN AMERICA
  • 6.8.5 MIDDLE EAST & AFRICA
  • 6.8.6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
• 6.9 CASE STUDY ANALYSIS
  • 6.9.1 COMPLETE TRANSITION TO ELECTRIC BUSES IN SHENZHEN, CHINA
  • 6.9.2 ZENOBE HELPED STAGECOACH INCORPORATE CHARGING INFRASTRUCTURE AND INSTALL CUSTOM MANAGEMENT SOFTWARE SYSTEM
  • 6.9.3 A COMPREHENSIVE ANALYSIS TO EVALUATE FINANCIAL FEASIBILITY OF DEPLOYING ELECTRIC BUS FLEETS THAT REDUCE EMISSIONS
  • 6.9.4 ELECTRIC BUS DEPLOYMENT WITH INFRASTRUCTURAL CHANGES
  • 6.9.5 HSL WAS AWARDED OPERATIONS BASED ON OPEN TENDERS UNDER CHARGING-AS-A-SERVICE (CAAS) BUSINESS MODEL
  • 6.9.6 AI-POWERED SOFTWARE IMPLEMENTED TO HELP FLEET OPERATORS CHARGE ELECTRIC BUSES
  • 6.9.7 HIGHLAND ELECTRIC FLEETS, IN PARTNERSHIP WITH NATIONAL GRID, PROVIDED ELECTRIC SCHOOL BUSES AND COORDINATED ITS PARTICIPATION IN V2G PROGRAM FOR SCHOOL BUSES
  • 6.9.8 VERMONT ELECTRIC SCHOOL AND TRANSIT BUS PILOT PROGRAM IMPLEMENTED TO FACILITATE COST-EFFECTIVE ELECTRIFICATION
  • 6.9.9 FLEET TEST & EVALUATION TEAM AT NREL SUPPORTED AVTA BY CONDUCTING ASSESSMENTS OF MEDIUM- AND HEAVY-DUTY VEHICLES, ELECTRIC BUSES, AND TROLLEYS
  • 6.9.10 EVENERGI DEVELOPED FRAMEWORK TO DETERMINE OPTIMAL COMBINATION OF DEPOT LAYOUTS, CHARGER SPEEDS, AND CHARGER TYPES
• 6.10 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 6.11 BILL OF MATERIALS ANALYSIS
• 6.12 KEY CONFERENCES AND EVENTS, 2025-2026
• 6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 6.13.2 BUYING CRITERIA
• 6.14 SUPPLIER ANALYSIS
  • 6.14.1 MAJOR ELECTRIC BUS BATTERY CELL MANUFACTURERS
  • 6.14.2 KEY ELECTRIC BUS AXLE MANUFACTURERS
  • 6.14.3 KEY ELECTRIC BUS HVAC SYSTEM MANUFACTURERS
  • 6.14.4 MAJOR ELECTRIC BUS MOTOR MANUFACTURERS
• 6.15 INVESTMENT AND FUNDING SCENARIO

7 OEM ANALYSIS

• 7.1 INTRODUCTION
• 7.2 ELECTRIC AND ICE BUS MODELS: LENGTH VS. NUMBER OF SEATS
• 7.3 ELECTRIC BUS MODELS: LENGTH VS. NUMBER OF SEATS
• 7.4 BATTERY CAPACITY VS. DRIVE RANGE VS. PAX
• 7.5 ELECTRIC BUS SALES BY OEMS, 2021-2025
• 7.6 ELECTRIC BUS DRIVE MOTOR SUPPLIERS, BY OEM AND REGION
• 7.7 ELECTRIC BUS BATTERY CELL SUPPLIERS, BY OEM AND REGION
• 7.8 ELECTRIC BUS, OEM-WISE INSTALLED BATTERY CAPACITIES, 2021-2025 (IN MWH)

8 TECHNOLOGY ANALYSIS

• 8.1 TECHNOLOGY ANALYSIS
  • 8.1.1 FUTURE TECHNOLOGY OVERVIEW
  • 8.1.2 TECHNOLOGY ROADMAP
• 8.2 KEY TECHNOLOGIES
  • 8.2.1 AUTONOMOUS BUSES
• 8.3 ADJACENT TECHNOLOGIES
  • 8.3.1 CHARGING AS A SERVICE
  • 8.3.2 BATTERY AS A SERVICE
  • 8.3.3 PACKAGED FUEL CELL SYSTEM MODULE
  • 8.3.4 METHANE FUEL CELLS
• 8.4 COMPLEMENTARY TECHNOLOGIES
  • 8.4.1 UPCOMING BATTERY TECHNOLOGIES
    • 8.4.1.1 NMC4
    • 8.4.1.2 Solid-state battery technology
    • 8.4.1.3 Sodium-ion battery technology
  • 8.4.2 INNOVATIVE CHARGING SOLUTIONS
    • 8.4.2.1 Off-board top-down pantograph charging system
    • 8.4.2.2 On-board bottom-up pantograph charging system
    • 8.4.2.3 Ground-based static/dynamic charging system

9 ELECTRIC BUS MARKET, BY LENGTH OF BUS

• 9.1 INTRODUCTION
• 9.2 LESS THAN 9 M
  • 9.2.1 EASY MANEUVERING ON COMPACT ROADS
• 9.3 9-14 M
  • 9.3.1 SUITABLE FOR FULL-DAY OPERATIONS
• 9.4 MORE THAN 14 M
  • 9.4.1 GROWING NUMBER OF ARTICULATED ELECTRIC BUSES TO DRIVE MARKET
• 9.5 KEY INDUSTRY INSIGHTS

10 ELECTRIC BUS MARKET, BY BATTERY TYPE

• 10.1 INTRODUCTION
• 10.2 NMC BATTERIES
  • 10.2.1 INCREASED PREFERENCE FOR HIGH ENERGY DENSITY
• 10.3 LFP BATTERIES
  • 10.3.1 DEMAND FOR LOW-COST AND GOOD THERMAL STABILITY
• 10.4 NCA BATTERIES
  • 10.4.1 BENEFITS ASSOCIATED WITH HIGH ENERGY DENSITY AND LONG-LIFE CYCLE
• 10.5 OTHER BATTERIES
• 10.6 KEY INDUSTRY INSIGHTS

11 ELECTRIC BUS MARKET, BY BATTERY CAPACITY

• 11.1 INTRODUCTION
• 11.2 UP TO 400 KWH
  • 11.2.1 DEPLOYMENT IN INTRACITY TRANSPORT TO PROPEL GROWTH
• 11.3 ABOVE 400 KWH
  • 11.3.1 USED FOR LONG-DISTANCE COMMUTE
• 11.4 KEY INDUSTRY INSIGHTS

12 ELECTRIC BUS MARKET, BY POWER OUTPUT

• 12.1 INTRODUCTION
• 12.2 UP TO 250 KW
  • 12.2.1 WIDELY USED IN PUBLIC TRANSPORT BUSES
• 12.3 ABOVE 250 KW
  • 12.3.1 DEMAND FOR HIGH-PERFORMANCE ELECTRIC BUSES TO DRIVE MARKET
• 12.4 KEY PRIMARY INSIGHTS

13 ELECTRIC BUS MARKET, BY RANGE

• 13.1 INTRODUCTION
• 13.2 UP TO 300 MILES
  • 13.2.1 SUITABLE FOR URBAN AND SUBURBAN ROUTES WITH FREQUENT STOPS AND SHORTER DISTANCES BETWEEN CHARGING POINTS
• 13.3 ABOVE 300 MILES
  • 13.3.1 INCREASING DEMAND FOR INTERCITY ELECTRIC BUSES TO DRIVE MARKET
• 13.4 KEY PRIMARY INSIGHTS

14 ELECTRIC BUS MARKET, BY SEATING CAPACITY

• 14.1 INTRODUCTION
• 14.2 UP TO 40 SEATS
  • 14.2.1 NEED FOR ELECTRIC BUSES FOR SHORT-DISTANCE SHUTTLES TO DRIVE DEMAND
• 14.3 40-70 SEATS
  • 14.3.1 SUITABLE FOR DENSELY POPULATED AREAS
• 14.4 ABOVE 70 SEATS
  • 14.4.1 NEED FOR HIGHER PASSENGER-CARRYING CAPABILITIES TO DRIVE DEMAND
• 14.5 KEY INDUSTRY INSIGHTS

15 ELECTRIC BUS MARKET, BY APPLICATION

• 15.1 INTRODUCTION
• 15.2 CITY/TRANSIT BUS
  • 15.2.1 NEED TO IMPROVE AIR QUALITY IN CITIES TO DRIVE DEMAND
• 15.3 COACHES
  • 15.3.1 INCREASING DEMAND FOR SUSTAINABLE LONG-DISTANCE TRAVEL TO DRIVE GROWTH
• 15.4 SCHOOL BUSES
  • 15.4.1 GROWING DEMAND IN NORTH AMERICA TO DRIVE ELECTRIC SCHOOL BUS MARKET
• 15.5 OTHER APPLICATIONS
• 15.6 KEY INDUSTRY INSIGHTS

16 ELECTRIC BUS MARKET, BY CONSUMER

• 16.1 INTRODUCTION
• 16.2 PRIVATE
  • 16.2.1 GOVERNMENT SUBSIDIES TO PROMOTE ADOPTION OF ELECTRIC BUSES
• 16.3 GOVERNMENT
  • 16.3.1 USE OF ELECTRIC BUSES FOR PUBLIC TRANSPORTATION
• 16.4 KEY INDUSTRY INSIGHTS

17 ELECTRIC BUS MARKET, BY GROSS VEHICLE WEIGHT (GVW)

• 17.1 INTRODUCTION
• 17.2 UP TO 10 TONNES
  • 17.2.1 NEED FOR ELECTRIC BUSES FOR SHORT-DISTANCE SHUTTLES TO DRIVE GROWTH
• 17.3 10-20 TONNES
  • 17.3.1 ASIA PACIFIC TO LEAD MARKET IN THIS SEGMENT
• 17.4 ABOVE 20 TONNES
  • 17.4.1 ENGINEERED FOR BIGGER AND TEDIOUS OPERATIONS
• 17.5 KEY INDUSTRY INSIGHTS

18 ELECTRIC BUS MARKET, BY PROPULSION

• 18.1 INTRODUCTION
• 18.2 BATTERY ELECTRIC BUSES
  • 18.2.1 FALLING BATTERY PRICES AND GOVERNMENT INCENTIVES TO ELECTRIFY PUBLIC BUS FLEETS
• 18.3 FUEL CELL ELECTRIC BUSES
  • 18.3.1 SUSTAINABLE PRODUCTION OF HYDROGEN TO DRIVE GROWTH
• 18.4 KEY INDUSTRY INSIGHTS

19 ELECTRIC BUS MARKET, BY COMPONENT

• 19.1 INTRODUCTION
• 19.2 MOTORS
  • 19.2.1 HIGHER EFFICIENCY THAN TRADITIONAL COMBUSTION ENGINES TO DRIVE GROWTH
• 19.3 BATTERIES
  • 19.3.1 DECREASING PRICE OF LITHIUM-ION BATTERIES TO DRIVE GROWTH
• 19.4 FUEL CELL STACKS
  • 19.4.1 INCREASING DEMAND FOR HYDROGEN FUEL CELL ELECTRIC BUSES TO DRIVE GROWTH
• 19.5 BATTERY MANAGEMENT SYSTEMS
  • 19.5.1 NEED FOR EFFICIENT BATTERY OPTIMIZATION IN ELECTRIC BUSES TO DRIVE GROWTH
• 19.6 BATTERY COOLING SYSTEMS
  • 19.6.1 GROWING FOCUS ON INCREASING BATTERY LIFE AND IMPROVING THERMAL MANAGEMENT TO DRIVE GROWTH
• 19.7 DC-DC CONVERTERS
  • 19.7.1 KEY SAFETY SYSTEMS IN ELECTRIC BUSES
• 19.8 INVERTERS
  • 19.8.1 GROWING DEMAND FOR ELECTRIC BUSES WITH HIGHER RANGE TO DRIVE GROWTH
• 19.9 AC/DC CHARGERS
  • 19.9.1 CRITICAL TO OVERALL OPERATION AND EFFICIENCY OF ELECTRIC BUSES
• 19.10 EV CONNECTORS
  • 19.10.1 INCREASING INVESTMENTS IN SUSTAINABLE URBAN TRANSPORTATION INITIATIVES TO DRIVE GROWTH
• 19.11 KEY INDUSTRY INSIGHTS

20 ELECTRIC BUS MARKET, BY LEVEL OF AUTONOMY

• 20.1 INTRODUCTION
• 20.2 SEMI-AUTONOMOUS
• 20.3 AUTONOMOUS
• 20.4 KEY INDUSTRY INSIGHTS

21 ELECTRIC BUS MARKET, BY REGION

• 21.1 INTRODUCTION
• 21.2 ASIA PACIFIC
  • 21.2.1 MACROECONOMIC OUTLOOK
  • 21.2.2 CHINA
    • 21.2.2.1 Widespread adoption of electric buses in public transport and presence of leading OEMs to boost growth
  • 21.2.3 JAPAN
    • 21.2.3.1 Focus on developing advanced electric buses to drive market
  • 21.2.4 INDIA
    • 21.2.4.1 Government support for electrification of public transport to propel demand
  • 21.2.5 SOUTH KOREA
    • 21.2.5.1 Focus on electrification of public transport fleets to boost growth
  • 21.2.6 SINGAPORE
    • 21.2.6.1 Growing emphasis on promoting green public transport by 2040 to boost growth
  • 21.2.7 INDONESIA
    • 21.2.7.1 Government's commitment to improving air quality to spur demand
  • 21.2.8 AUSTRALIA
    • 21.2.8.1 Increasing awareness regarding climate change to drive growth
• 21.3 EUROPE
  • 21.3.1 MACROECONOMIC OUTLOOK
  • 21.3.2 FRANCE
    • 21.3.2.1 Aim for all-electric public transport fleet by 2025 to promote use of electric buses
  • 21.3.3 GERMANY
    • 21.3.3.1 Increased government incentives and investments for infrastructure development to boost market
  • 21.3.4 SPAIN
    • 21.3.4.1 Government's focus on replacing existing public transport fleet with electric buses to boost growth
  • 21.3.5 ITALY
    • 21.3.5.1 Rising concerns about emissions to encourage government to adopt electrification of public transport system
  • 21.3.6 NORWAY
    • 21.3.6.1 Rising government support and schemes for electric buses to increase demand
  • 21.3.7 SWEDEN
    • 21.3.7.1 Presence of market-leading OEMs to support growth of electric bus market
  • 21.3.8 DENMARK
    • 21.3.8.1 Favorable government regulations to support growth of electric bus market
  • 21.3.9 NETHERLANDS
    • 21.3.9.1 Increased orders and deliveries of electric buses to boost demand
  • 21.3.10 BELGIUM
    • 21.3.10.1 Investments for electrification of public transport to drive growth
  • 21.3.11 UK
    • 21.3.11.1 Stringent regulations for emission-free buses to boost adoption of electric buses
  • 21.3.12 FINLAND
    • 21.3.12.1 Continuous need for reducing carbon emissions to drive growth
  • 21.3.13 POLAND
    • 21.3.13.1 Push toward sustainable public transportation to spur demand for electric buses
• 21.4 NORTH AMERICA
  • 21.4.1 MACROECONOMIC OUTLOOK
  • 21.4.2 US
    • 21.4.2.1 Government programs to promote zero-emission vehicles to boost growth
  • 21.4.3 CANADA
    • 21.4.3.1 Government subsidies and presence of key players to boost adoption of electric school buses
• 21.5 LATIN AMERICA
  • 21.5.1 MACROECONOMIC OUTLOOK
  • 21.5.2 ARGENTINA
    • 21.5.2.1 Demand for electrification of bus fleets to boost demand for advanced electric buses
  • 21.5.3 BRAZIL
    • 21.5.3.1 Growing environmental concerns to lead to demand for electric buses
  • 21.5.4 CHILE
    • 21.5.4.1 Government's focus on promoting emission-free public transport to encourage use of electric buses
  • 21.5.5 MEXICO
    • 21.5.5.1 Rapid strategies undertaken by government to indicate growth of electric bus market
  • 21.5.6 COLOMBIA
    • 21.5.6.1 Increasing government initiatives for electric bus purchases to drive market
• 21.6 MIDDLE EAST & AFRICA
  • 21.6.1 MACROECONOMIC OUTLOOK
  • 21.6.2 SOUTH AFRICA
    • 21.6.2.1 Investments by leading OEMs in advanced technologies in automotive sector to drive market
  • 21.6.3 UAE
    • 21.6.3.1 Growing electrification trend in cities to boost demand for electric buses
  • 21.6.4 QATAR
    • 21.6.4.1 Net-zero aims to push incorporation of electric buses

22 COMPETITIVE LANDSCAPE

• 22.1 OVERVIEW
• 22.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
• 22.3 ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
  • 22.3.1 ASIA: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
  • 22.3.2 EUROPE: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
  • 22.3.3 NORTH AMERICA: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
• 22.4 REVENUE ANALYSIS
• 22.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 22.5.1 STARS
  • 22.5.2 EMERGING LEADERS
  • 22.5.3 PERVASIVE PLAYERS
  • 22.5.4 PARTICIPANTS
  • 22.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 22.5.5.1 Consumer footprint
    • 22.5.5.2 Region footprint
    • 22.5.5.3 Application footprint
    • 22.5.5.4 Propulsion footprint
• 22.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 22.6.1 PROGRESSIVE COMPANIES
  • 22.6.2 RESPONSIVE COMPANIES
  • 22.6.3 DYNAMIC COMPANIES
  • 22.6.4 STARTING BLOCKS
  • 22.6.5 COMPETITIVE BENCHMARKING
    • 22.6.5.1 List of key startups/SMEs
    • 22.6.5.2 Competitive benchmarking of key startups/SMEs
• 22.7 COMPANY VALUATION
• 22.8 FINANCIAL METRICS
• 22.9 BRAND/PRODUCT COMPARISON
• 22.10 COMPETITIVE SCENARIO
  • 22.10.1 PRODUCT LAUNCHES, DEVELOPMENTS, AND ENHANCEMENTS, SEPTEMBER 2022-JULY 2025
  • 22.10.2 DEALS, AUGUST 2022-MARCH 2025
  • 22.10.3 EXPANSIONS, JUNE 2021-JULY 2025
  • 22.10.4 OTHERS, OCTOBER 2022-JULY 2025

23 COMPANY PROFILES

• 23.1 KEY PLAYERS
  • 23.1.1 BYD COMPANY LTD.
    • 23.1.1.1 Business overview
    • 23.1.1.2 Products/Solutions offered
    • 23.1.1.3 Recent developments
      • 23.1.1.3.1 Product launches
      • 23.1.1.3.2 Deals
      • 23.1.1.3.3 Expansions
      • 23.1.1.3.4 Others
    • 23.1.1.4 MnM view
      • 23.1.1.4.1 Right to win
      • 23.1.1.4.2 Strategic choices
      • 23.1.1.4.3 Weaknesses & competitive threats
  • 23.1.2 YUTONG BUS CO., LTD.
    • 23.1.2.1 Business overview
    • 23.1.2.2 Products/Solutions offered
    • 23.1.2.3 Recent developments
      • 23.1.2.3.1 Product launches/enhancements
      • 23.1.2.3.2 Deals
      • 23.1.2.3.3 Expansions
      • 23.1.2.3.4 Others
    • 23.1.2.4 MnM view
      • 23.1.2.4.1 Right to win
      • 23.1.2.4.2 Strategic choices
      • 23.1.2.4.3 Weaknesses & competitive threats
  • 23.1.3 ZHEJIANG GEELY HOLDING GROUP
    • 23.1.3.1 Business overview
    • 23.1.3.2 Products/Solutions offered
    • 23.1.3.3 Recent developments
      • 23.1.3.3.1 Product launches
      • 23.1.3.3.2 Deals
      • 23.1.3.3.3 Others
    • 23.1.3.4 MnM view
      • 23.1.3.4.1 Right to win
      • 23.1.3.4.2 Strategic choices
      • 23.1.3.4.3 Weaknesses & competitive threats
  • 23.1.4 DAIMLER TRUCK AG
    • 23.1.4.1 Business overview
    • 23.1.4.2 Products/Solutions offered
    • 23.1.4.3 Recent developments
      • 23.1.4.3.1 Product launches
      • 23.1.4.3.2 Deals
      • 23.1.4.3.3 Expansions
      • 23.1.4.3.4 Others
    • 23.1.4.4 MnM view
      • 23.1.4.4.1 Right to win
      • 23.1.4.4.2 Strategic choices
      • 23.1.4.4.3 Weaknesses & competitive threats
  • 23.1.5 NFI GROUP
    • 23.1.5.1 Business overview
    • 23.1.5.2 Products/Solutions offered
    • 23.1.5.3 Recent developments
      • 23.1.5.3.1 Product launches/developments/enhancements
      • 23.1.5.3.2 Deals
      • 23.1.5.3.3 Others
    • 23.1.5.4 MnM view
      • 23.1.5.4.1 Right to win
      • 23.1.5.4.2 Strategic choices
      • 23.1.5.4.3 Weaknesses & competitive threats
  • 23.1.6 AB VOLVO
    • 23.1.6.1 Business overview
    • 23.1.6.2 Products/Solutions offered
    • 23.1.6.3 Recent developments
      • 23.1.6.3.1 Product launches
      • 23.1.6.3.2 Deals
      • 23.1.6.3.3 Others
  • 23.1.7 CAF (SOLARIS BUS & COACH SP. Z O.O.)
    • 23.1.7.1 Business overview
    • 23.1.7.2 Products/Solutions offered
    • 23.1.7.3 Recent developments
      • 23.1.7.3.1 Product launches
      • 23.1.7.3.2 Others
  • 23.1.8 ZHONGTONG BUS HOLDING CO., LTD.
    • 23.1.8.1 Business overview
    • 23.1.8.2 Products/Solutions offered
    • 23.1.8.3 Recent developments
      • 23.1.8.3.1 Deals
  • 23.1.9 CRRC CORPORATION LIMITED
    • 23.1.9.1 Business overview
    • 23.1.9.2 Products/Solutions offered
    • 23.1.9.3 Recent developments
      • 23.1.9.3.1 Product launches
      • 23.1.9.3.2 Deals
      • 23.1.9.3.3 Expansions
      • 23.1.9.3.4 Others
  • 23.1.10 VDL GROEP
    • 23.1.10.1 Business overview
    • 23.1.10.2 Products/Solutions offered
    • 23.1.10.3 Recent developments
      • 23.1.10.3.1 Product launches
      • 23.1.10.3.2 Deals
      • 23.1.10.3.3 Expansions
      • 23.1.10.3.4 Others
  • 23.1.11 EBUSCO
    • 23.1.11.1 Business overview
    • 23.1.11.2 Products/Solutions offered
    • 23.1.11.3 Recent developments
      • 23.1.11.3.1 Product enhancements
      • 23.1.11.3.2 Deals
      • 23.1.11.3.3 Others
  • 23.1.12 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.
    • 23.1.12.1 Business overview
    • 23.1.12.2 Products/Solutions offered
    • 23.1.12.3 Recent developments
      • 23.1.12.3.1 Product launches
      • 23.1.12.3.2 Others
• 23.2 OTHER PLAYERS
  • 23.2.1 BLUE BIRD CORPORATION
  • 23.2.2 GILLIG LLC.
  • 23.2.3 THE LION ELECTRIC COMPANY
  • 23.2.4 TATA MOTORS LIMITED.
  • 23.2.5 ASHOK LEYLAND
  • 23.2.6 SUNDA NEW ENERGY TECHNOLOGY CO., LTD.
  • 23.2.7 GREE ALTAIRNANO NEW ENERGY INC.
  • 23.2.8 XIAMEN GOLDEN DRAGON BUS CO. LTD.
  • 23.2.9 JBM GROUP
  • 23.2.10 SCANIA AB
  • 23.2.11 IRIZAR GROUP
  • 23.2.12 IVECO S.P.A
  • 23.2.13 BLUEBUS
  • 23.2.14 BOZANKAYA
  • 23.2.15 CAETANOBUS
  • 23.2.16 CHARIOT MOTORS
  • 23.2.17 HEULIEZ BUS
  • 23.2.18 OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.
  • 23.2.19 TEMSA
  • 23.2.20 URSUS S.A.
  • 23.2.21 VAN HOOL
  • 23.2.22 KARSAN
  • 23.2.23 MELLOR
  • 23.2.24 HINO MOTORS, LTD.
  • 23.2.25 ANHUI ANKAI AUTOMOBILE CO., LTD.
  • 23.2.26 OLECTRA GREENTECH LIMITED

24 RECOMMENDATIONS BY MARKETSANDMARKETS

• 24.1 ASIA PACIFIC TO BE MAJOR ELECTRIC BUS MARKET
• 24.2 BATTERY ELECTRIC BUSES TO BE KEY FOCUS AREA FOR MANUFACTURERS
• 24.3 CONCLUSION

25 APPENDIX

• 25.1 KEY INDUSTRY INSIGHTS
• 25.2 DISCUSSION GUIDE
• 25.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 25.4 CUSTOMIZATION OPTIONS
• 25.5 RELATED REPORTS
• 25.6 AUTHOR DETAILS