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Electric Bus Market Set for Strong Growth to Reach USD$ 920 billion by 2031, North America's 30% Market Share - DataM Intelligence
Electric Bus Market
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Key Development:
United States: Recent Industry Developments
✅ November 2025: Proterra expanded its electric bus production facility in California to meet rising demand from public transit agencies.
✅ October 2025: The U.S. Department of Transportation announced grants to support electrification of urban bus fleets nationwide.
✅ September 2025: New battery technologies with extended range were introduced by major manufacturers to improve electric bus efficiency.
Japan: Recent Industry Developments
✅ November 2025: Mitsubishi Fuso launched next-generation electric buses featuring fast-charging capabilities for city routes.
✅ October 2025: The Japanese government expanded subsidies to accelerate the adoption of electric buses in regional transport.
✅ September 2025: Collaborations between OEMs and energy providers focused on integrating renewable energy for bus charging infrastructure.
GCC: Recent Industry Developments
✅ November 2025: Dubai Roads and Transport Authority (RTA) announced plans to add 200 electric buses to its fleet by 2026.
✅ October 2025: Saudi Arabia launched a pilot electric bus project aimed at reducing carbon emissions in Riyadh's public transport system.
✅ September 2025: Investments in EV charging infrastructure across GCC cities increased to support electric bus operations.
Key Players:
BYD, YUTONG, PROTERRA, VDL GROEP, AB VOLVO, DAIMLER AG, NFI GROUP, CAF, EBUSCO BV, KING LONG and KARSAN.
Growth Forecast Projected:
The Global Electric Bus Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Electric Bus Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Propulsion: (BEV, FCEV, PHEV)
By Bus Length: (Less Than 9 Meter, 9 to 14 Meter, More Than 14 Meter)
By Vehicle Range: (Up To 200 Miles, More Than 200 Miles)
By Battery Capacity: (Up To 400 KWH, More Than 400 KWH)
By Power Output: (Up To 250 KWH, More Than 250 KWH)
By Battery: (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, Others)
By Application: (Intercity, Intracity)
By End-User: (Government, Private)
Regional Analysis for Electric Bus Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Electric Bus producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Electric Bus revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Electric Bus Market?
A: In 2022, the Electric Bus Market was valued at USD$ 53 billion, reflecting its strong industry presence.
Q2: How large is the Electric Bus Market expected to be by 2033?
A: By 2031, industry forecasts suggest the Electric Bus Market will grow to around USD$ 920 billion, demonstrating significant expansion.
Q3: What is the growth rate of the Electric Bus Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of % during the forecast period from 2025 to 2033.
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Contact Person: Sai Kiran
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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