Global Electric Bus Market 2025-2029

Description

List of Tables

The electric bus market is forecasted to grow by USD 25059.3 million during 2024-2029, accelerating at a CAGR of 16.7% 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.

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 reduction in battery prices of electric buses, technological improvements to reduce downtime, and government initiatives promoting electric buses.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	15.9%
CAGR	16.7%
Incremental Value	$25059.3 mn

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's electric bus market is segmented as below:

By Application

Intercity
Intra city

By Type

Pure electric bus
Plug-in hybrid bus

By Speed

Less than 200 Miles
More than 200 Miles

By Capacity

Up to 400 kWh
Above 400 kWh

By Product Type

Semi-autonomous
Autonomous

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 the rising trend of retrofitted electric buses 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 Spa. 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 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 primary and secondary research. 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 accurate market growth.

Product Code: IRTNTR70842

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Speed
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Electric Bus Market 2019 - 2023
- Historic Market Size - Data Table on Global Electric Bus Market 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Speed segment analysis 2019 - 2023
- Historic Market Size - Speed Segment 2019 - 2023 ($ million)
5.5 Capacity segment analysis 2019 - 2023
- Historic Market Size - Capacity Segment 2019 - 2023 ($ million)
5.6 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
5.7 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.8 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in global electric bus market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
8.3 Intercity - Market size and forecast 2024-2029
- Chart on Intercity - Market size and forecast 2024-2029 ($ million)
- Data Table on Intercity - Market size and forecast 2024-2029 ($ million)
- Chart on Intercity - Year-over-year growth 2024-2029 (%)
- Data Table on Intercity - Year-over-year growth 2024-2029 (%)
8.4 Intra city - Market size and forecast 2024-2029
- Chart on Intra city - Market size and forecast 2024-2029 ($ million)
- Data Table on Intra city - Market size and forecast 2024-2029 ($ million)
- Chart on Intra city - Year-over-year growth 2024-2029 (%)
- Data Table on Intra city - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Pure electric bus - Market size and forecast 2024-2029
- Chart on Pure electric bus - Market size and forecast 2024-2029 ($ million)
- Data Table on Pure electric bus - Market size and forecast 2024-2029 ($ million)
- Chart on Pure electric bus - Year-over-year growth 2024-2029 (%)
- Data Table on Pure electric bus - Year-over-year growth 2024-2029 (%)
9.4 Plug-in hybrid bus - Market size and forecast 2024-2029
- Chart on Plug-in hybrid bus - Market size and forecast 2024-2029 ($ million)
- Data Table on Plug-in hybrid bus - Market size and forecast 2024-2029 ($ million)
- Chart on Plug-in hybrid bus - Year-over-year growth 2024-2029 (%)
- Data Table on Plug-in hybrid bus - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Speed

10.1 Market segments
- Chart on Speed - Market share 2024-2029 (%)
- Data Table on Speed - Market share 2024-2029 (%)
10.2 Comparison by Speed
- Chart on Comparison by Speed
- Data Table on Comparison by Speed
10.3 Less than 200 Miles - Market size and forecast 2024-2029
- Chart on Less than 200 Miles - Market size and forecast 2024-2029 ($ million)
- Data Table on Less than 200 Miles - Market size and forecast 2024-2029 ($ million)
- Chart on Less than 200 Miles - Year-over-year growth 2024-2029 (%)
- Data Table on Less than 200 Miles - Year-over-year growth 2024-2029 (%)
10.4 More than 200 Miles - Market size and forecast 2024-2029
- Chart on More than 200 Miles - Market size and forecast 2024-2029 ($ million)
- Data Table on More than 200 Miles - Market size and forecast 2024-2029 ($ million)
- Chart on More than 200 Miles - Year-over-year growth 2024-2029 (%)
- Data Table on More than 200 Miles - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Speed
- Market opportunity by Speed ($ million)
- Data Table on Market opportunity by Speed ($ million)

11 Market Segmentation by Capacity

11.1 Market segments
- Chart on Capacity - Market share 2024-2029 (%)
- Data Table on Capacity - Market share 2024-2029 (%)
11.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
11.3 Up to 400 kWh - Market size and forecast 2024-2029
- Chart on Up to 400 kWh - Market size and forecast 2024-2029 ($ million)
- Data Table on Up to 400 kWh - Market size and forecast 2024-2029 ($ million)
- Chart on Up to 400 kWh - Year-over-year growth 2024-2029 (%)
- Data Table on Up to 400 kWh - Year-over-year growth 2024-2029 (%)
11.4 Above 400 kWh - Market size and forecast 2024-2029
- Chart on Above 400 kWh - Market size and forecast 2024-2029 ($ million)
- Data Table on Above 400 kWh - Market size and forecast 2024-2029 ($ million)
- Chart on Above 400 kWh - Year-over-year growth 2024-2029 (%)
- Data Table on Above 400 kWh - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)

12 Market Segmentation by Product Type

12.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
12.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
12.3 Semi-autonomous - Market size and forecast 2024-2029
- Chart on Semi-autonomous - Market size and forecast 2024-2029 ($ million)
- Data Table on Semi-autonomous - Market size and forecast 2024-2029 ($ million)
- Chart on Semi-autonomous - Year-over-year growth 2024-2029 (%)
- Data Table on Semi-autonomous - Year-over-year growth 2024-2029 (%)
12.4 Autonomous - Market size and forecast 2024-2029
- Chart on Autonomous - Market size and forecast 2024-2029 ($ million)
- Data Table on Autonomous - Market size and forecast 2024-2029 ($ million)
- Chart on Autonomous - Year-over-year growth 2024-2029 (%)
- Data Table on Autonomous - Year-over-year growth 2024-2029 (%)
12.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)

13 Customer Landscape

13.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

14 Geographic Landscape

14.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
14.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
14.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
14.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
14.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
14.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
14.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
14.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
14.9 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
14.10 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
14.11 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
14.12 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
14.13 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
14.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
14.15 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
14.16 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
14.17 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
14.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

15 Drivers, Challenges, and Opportunity/Restraints

15.1 Market drivers
15.2 Market challenges
15.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
15.4 Market opportunities/restraints

16 Competitive Landscape

16.1 Overview
16.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
16.3 Landscape disruption
- Overview on factors of disruption
16.4 Industry risks
- Impact of key risks on business

17 Competitive Analysis

17.1 Companies profiled
- Companies covered
17.2 Company ranking index
- Company ranking index
17.3 Market positioning of companies
- Matrix on companies position and classification
17.4 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
- SWOT
17.5 BKM.BY
- BKM.BY - Overview
- BKM.BY - Product / Service
- BKM.BY - Key offerings
- SWOT
17.6 Bollore SE
- Bollore SE - Overview
- Bollore SE - Business segments
- Bollore SE - Key offerings
- Bollore SE - Segment focus
- SWOT
17.7 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT
17.8 CNH Industrial NV
- CNH Industrial NV - Overview
- CNH Industrial NV - Business segments
- CNH Industrial NV - Key offerings
- CNH Industrial NV - Segment focus
- SWOT
17.9 Complete Coach Works
- Complete Coach Works - Overview
- Complete Coach Works - Product / Service
- Complete Coach Works - Key offerings
- SWOT
17.10 Eletra
- Eletra - Overview
- Eletra - Product / Service
- Eletra - Key offerings
- SWOT
17.11 GreenPower Motor Co. Inc.
- GreenPower Motor Co. Inc. - Overview
- GreenPower Motor Co. Inc. - Product / Service
- GreenPower Motor Co. Inc. - Key offerings
- SWOT
17.12 Hyundai Motor Co.
- Hyundai Motor Co. - Overview
- Hyundai Motor Co. - Business segments
- Hyundai Motor Co. - Key news
- Hyundai Motor Co. - Key offerings
- Hyundai Motor Co. - Segment focus
- SWOT
17.13 Jiangsu Alfa Bus Co. Ltd.
- Jiangsu Alfa Bus Co. Ltd. - Overview
- Jiangsu Alfa Bus Co. Ltd. - Product / Service
- Jiangsu Alfa Bus Co. Ltd. - Key offerings
- SWOT
17.14 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- SWOT
17.15 NFI Group Inc.
- NFI Group Inc. - Overview
- NFI Group Inc. - Business segments
- NFI Group Inc. - Key news
- NFI Group Inc. - Key offerings
- NFI Group Inc. - Segment focus
- SWOT
17.16 Proterra Inc.
- Proterra Inc. - Overview
- Proterra Inc. - Product / Service
- Proterra Inc. - Key offerings
- SWOT
17.17 Tata Motors Ltd.
- Tata Motors Ltd. - Overview
- Tata Motors Ltd. - Business segments
- Tata Motors Ltd. - Key news
- Tata Motors Ltd. - Key offerings
- Tata Motors Ltd. - Segment focus
- SWOT
17.18 TECNOBUS Spa
- TECNOBUS Spa - Overview
- TECNOBUS Spa - Product / Service
- TECNOBUS Spa - Key offerings
- SWOT

18 Appendix

18.1 Scope of the report
18.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
18.3 Currency conversion rates for US$
- Currency conversion rates for US$
18.4 Research methodology
- Research methodology
18.5 Data procurement
- Information sources
18.6 Data validation
- Data validation
18.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
18.8 Data synthesis
- Data synthesis
18.9 360 degree market analysis
- 360 degree market analysis
18.10 List of abbreviations
- List of abbreviations