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Electric Bus Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Tata Motors Limited, BYD Co. Ltd., AB Volvo, Ashok Leyland Limited, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Company Limited
Electric Bus Market
Electric Bus Market Size, Growth Rate, And Forecast
The global electric bus market size grew from $29.96 billion in 2022 to $33.72 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bus market size is expected to grow to $55.17 billion in 2027 at a CAGR of 13.1%.
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Electric Bus Market Drivers
Various proactive government initiatives to encourage the use of e-buses, create lucrative growth options for the market. Governments around the world have launched initiatives to make urban public transportation more sustainable and fuel-efficient through the use of electric buses.
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Electric Bus Market Segments
1) By Type: Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
2) By Battery Type: Lithium-Nickel-Manganese-Cobalt-Oxide, Lithium-Iron-Phosphate, Other Battery Types
3) By Vehicle Range: Less Than 200 Miles, Above 200 Miles
4) By Battery Capacity: Upto 400 kWh, Above 400 kWh
5) By Application: Intercity, Intracity
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electric Bus market.
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Electric Bus Market Key Players
Major players in the electric bus market are Tata Motors Limited, BYD Co. Ltd., AB Volvo, Ashok Leyland Limited, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Company Limited, Eicher Motors Limited, Proterra, Zhengzhou Yutong Bus Co. Ltd., Daimler AG, Scania AB, Ebusco, NFI Group Inc., and Dongfeng Motor Corporation.
The Business Research Company's "Global Electric Bus Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Electric Bus Market Include:
1. Executive Summary
2. Electric Bus Market Characteristics
3. Electric Bus Market Trends And Strategies
4. Electric Bus Market - Macro Economic Scenario
5. Electric Bus Market Size And Growth
……
27. Electric Bus Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Bus Market
29. Electric Bus Market Future Outlook and Potential Analysis
30. Appendix
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