Product Code: IRTNTR70842
Abstract
The electric bus market is forecasted to grow by USD 21.00 bn during 2023-2028, accelerating at a CAGR of 16.3% during the forecast period. The report on the electric bus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 15.55% |
CAGR | 16.3% |
Incremental Value | $21.00bn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a reduction in battery prices of electric buses, technological improvements to reduce downtime, and government initiatives promoting electric buses.
Technavio's electric bus market is segmented as below:
By Application
By Type
- Pure electric bus
- Plug-in hybrid bus
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing popularity of wireless charging systems as one of the prime reasons driving the electric bus market growth during the next few years. Also, technological advancements in electric buses and rising trend of retrofitted electric bus will lead to sizable demand in the market.
The report on the electric bus market covers the following areas:
- Electric bus market sizing
- Electric bus market forecast
- Electric bus market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric bus market vendors that include AB Volvo, BKM.BY, Bollore SE, BYD Co. Ltd., CNH Industrial NV, Complete Coach Works, Eletra, GreenPower Motor Co. Inc., Hyundai Motor Co., Jiangsu Alfa Bus Co. Ltd., Mercedes Benz Group AG, NFI Group Inc., Proterra Inc., Tata Motors Ltd., and Tecnobus Industries srl. Also, the electric bus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global electric bus market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global electric bus market 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Intercity - Market size and forecast 2023-2028
- Exhibit 34: Chart on Intercity - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Intercity - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Intercity - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Intercity - Year-over-year growth 2023-2028 (%)
- 6.4 Intra city - Market size and forecast 2023-2028
- Exhibit 38: Chart on Intra city - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Intra city - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Intra city - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Intra city - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
- Exhibit 43: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 Pure electric bus - Market size and forecast 2023-2028
- Exhibit 48: Chart on Pure electric bus - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Pure electric bus - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Pure electric bus - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Pure electric bus - Year-over-year growth 2023-2028 (%)
- 7.4 Plug-in hybrid bus - Market size and forecast 2023-2028
- Exhibit 52: Chart on Plug-in hybrid bus - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Plug-in hybrid bus - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Plug-in hybrid bus - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Plug-in hybrid bus - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ billion)
- Exhibit 57: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 India - Market size and forecast 2023-2028
- Exhibit 87: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.10 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.11 UK - Market size and forecast 2023-2028
- Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 AB Volvo
- Exhibit 111: AB Volvo - Overview
- Exhibit 112: AB Volvo - Business segments
- Exhibit 113: AB Volvo - Key news
- Exhibit 114: AB Volvo - Key offerings
- Exhibit 115: AB Volvo - Segment focus
- 12.4 BKM.BY
- Exhibit 116: BKM.BY - Overview
- Exhibit 117: BKM.BY - Product / Service
- Exhibit 118: BKM.BY - Key offerings
- 12.5 Bollore SE
- Exhibit 119: Bollore SE - Overview
- Exhibit 120: Bollore SE - Business segments
- Exhibit 121: Bollore SE - Key offerings
- Exhibit 122: Bollore SE - Segment focus
- 12.6 BYD Co. Ltd.
- Exhibit 123: BYD Co. Ltd. - Overview
- Exhibit 124: BYD Co. Ltd. - Business segments
- Exhibit 125: BYD Co. Ltd. - Key news
- Exhibit 126: BYD Co. Ltd. - Key offerings
- Exhibit 127: BYD Co. Ltd. - Segment focus
- 12.7 CNH Industrial NV
- Exhibit 128: CNH Industrial NV - Overview
- Exhibit 129: CNH Industrial NV - Business segments
- Exhibit 130: CNH Industrial NV - Key news
- Exhibit 131: CNH Industrial NV - Key offerings
- Exhibit 132: CNH Industrial NV - Segment focus
- 12.8 Complete Coach Works
- Exhibit 133: Complete Coach Works - Overview
- Exhibit 134: Complete Coach Works - Product / Service
- Exhibit 135: Complete Coach Works - Key offerings
- 12.9 Eletra
- Exhibit 136: Eletra - Overview
- Exhibit 137: Eletra - Product / Service
- Exhibit 138: Eletra - Key offerings
- 12.10 GreenPower Motor Co. Inc.
- Exhibit 139: GreenPower Motor Co. Inc. - Overview
- Exhibit 140: GreenPower Motor Co. Inc. - Product / Service
- Exhibit 141: GreenPower Motor Co. Inc. - Key offerings
- 12.11 Hyundai Motor Co.
- Exhibit 142: Hyundai Motor Co. - Overview
- Exhibit 143: Hyundai Motor Co. - Business segments
- Exhibit 144: Hyundai Motor Co. - Key news
- Exhibit 145: Hyundai Motor Co. - Key offerings
- Exhibit 146: Hyundai Motor Co. - Segment focus
- 12.12 Jiangsu Alfa Bus Co. Ltd.
- Exhibit 147: Jiangsu Alfa Bus Co. Ltd. - Overview
- Exhibit 148: Jiangsu Alfa Bus Co. Ltd. - Product / Service
- Exhibit 149: Jiangsu Alfa Bus Co. Ltd. - Key offerings
- 12.13 Mercedes Benz Group AG
- Exhibit 150: Mercedes Benz Group AG - Overview
- Exhibit 151: Mercedes Benz Group AG - Business segments
- Exhibit 152: Mercedes Benz Group AG - Key offerings
- Exhibit 153: Mercedes Benz Group AG - Segment focus
- 12.14 NFI Group Inc.
- Exhibit 154: NFI Group Inc. - Overview
- Exhibit 155: NFI Group Inc. - Business segments
- Exhibit 156: NFI Group Inc. - Key offerings
- Exhibit 157: NFI Group Inc. - Segment focus
- 12.15 Proterra Inc.
- Exhibit 158: Proterra Inc. - Overview
- Exhibit 159: Proterra Inc. - Product / Service
- Exhibit 160: Proterra Inc. - Key news
- Exhibit 161: Proterra Inc. - Key offerings
- 12.16 Tata Motors Ltd.
- Exhibit 162: Tata Motors Ltd. - Overview
- Exhibit 163: Tata Motors Ltd. - Business segments
- Exhibit 164: Tata Motors Ltd. - Key news
- Exhibit 165: Tata Motors Ltd. - Key offerings
- Exhibit 166: Tata Motors Ltd. - Segment focus
- 12.17 Tecnobus Industries srl
- Exhibit 167: Tecnobus Industries srl - Overview
- Exhibit 168: Tecnobus Industries srl - Product / Service
- Exhibit 169: Tecnobus Industries srl - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 170: Inclusions checklist
- Exhibit 171: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 172: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 173: Research methodology
- Exhibit 174: Validation techniques employed for market sizing
- Exhibit 175: Information sources
- 13.5 List of abbreviations
- Exhibit 176: List of abbreviations