Press release
Electric Bus Market Size To Grow At A CAGR Of 12.44% From 2025 To 2034
Electric Bus Market
➤ Request Free Sample PDF Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18566
➤ Market Size
• The global electric bus market was valued at USD 54.85 Billion in 2024.
• It is projected to grow to USD 61.13 Billion by 2025.
• By 2034, the market is expected to reach about USD 177.14 Billion.
• The market is forecast to expand at a CAGR of approximately 12.44 % from 2025 to 2034.
• These figures reflect growing adoption of electric buses across public and private transport sectors globally.
➤ Market Overview
• Electric buses (e-buses) are vehicles powered by one or more electric motors and batteries instead of internal combustion engines.
• They produce zero tailpipe emissions and are designed to reduce air pollution and reliance on fossil fuels.
• E-buses are increasingly seen as sustainable solutions for public transit in urban and intercity applications.
• Public fleet electrification is being driven by environmental policy targets and investments in clean mobility solutions.
• The market was disrupted by COVID-19, which slowed production and supply chains, but recovery is underway as demand resumes.
➤ Key Market Growth Drivers
• Rising global demand for zero-emission vehicles supports electric bus adoption.
• Government incentives and regulations to reduce greenhouse gas (GHG) emissions are encouraging electric bus deployment.
• Urbanization and increased public transit investments drive demand for efficient, sustainable transport.
• Advancements in battery technology improve electric bus performance, range, and cost efficiency.
• Fleet electrification by public transport agencies boosts market size and technology integration.
➤ Explore Full Report here: https://www.custommarketinsights.com/report/electric-bus-market/
➤ Analysis of Key Players - Key Player Strategies
• Prominent companies in the market include 9flats, Booking.com, Hotelplan Management AG, MakeMyTrip Pvt. Ltd., OYO Hotels & Homes, and Trivago.
• These players focus on expanding accommodation portfolios to capture diverse traveler needs.
• They adopt strategies such as broadening regional reach, aligning with travel trends, and enhancing platform usability.
➤ Market Challenges & Opportunities
• Challenge: Competition from hotels and alternative hospitality options may limit rental market penetration in some regions.
• Challenge: Regulatory constraints and short-term rental restrictions in urban areas can impede growth.
• Opportunity: Increasing global travel and tourism provides significant potential for new markets and offerings.
• Opportunity: Online booking platforms create scalable avenues for revenue growth and traveler engagement.
➤ Recent Developments (as per report)
• The report notes several acquisitions and expansions by key industry players to strengthen market presence (e.g., Meredith Lodging's intended acquisition of Mt Hood Vacation Rentals).
• Booking Holdings Inc. acquired Getaroom to enhance its vacation rental portfolio and pipeline value.
➤ Investment Landscape and ROI Outlook
• Investors see strong ROI potential due to consistent growth in travel and vacation rental demand.
• Strategic investments in digital platforms, accommodation networks, and marketing are expected to yield returns.
• Expansion in emerging regions with rising tourism activity offers lucrative opportunities for new market entrants.
➤ Download Full PDF Sample Copy of Market Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18566
➤ Market Segmentations (with Region)
By Accommodation Type:
• Home
• Resort/Condominium
• Apartments
• Hometown
• Villas
By Booking Mode:
• Online
• Offline
• Others
By Price Point:
• Economic
• Mid-Range
• Luxury
By Location Type:
• Resort Area
• Rural Area
• Small Town
• Others
By End-User Generation:
• Gen Z
• Millennials
• Gen X
• Boomers
By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
➤ Why Buy This Report?
• Offers a detailed global forecast up to 2030 based on comprehensive statistical analysis.
• Includes insights into market drivers, challenges, opportunities, and competitive strategies.
• Provides segmentation by accommodation type, booking mode, price point, location type, and generation.
• Highlights competitive landscape, recent developments, and investment outlook.
➤ FAQs
Q. • What was the global vacation rental market size in 2021?
• The market was valued at approximately USD 92.53 Billion in 2021.
Q. • What is the projected market size by 2030?
• It is expected to reach around USD 317.76 Billion by 2030.
Q. • What is the expected CAGR from 2022 to 2030?
• The market is forecast to grow at a 13.97% CAGR during 2022-2030.
Q. • Which region is leading or fastest growing?
• The report identifies Europe as the fastest-growing market and Asia Pacific as the largest market during the forecast period.
Q. • Who are the key players in the vacation rental market?
• Major players include 9flats, Booking.com, Hotelplan Management AG, MakeMyTrip Pvt. Ltd., OYO Hotels & Homes, and Trivago among others.
➤ More Related Reports by Custom Market Insights-
Global Electric Tractor Market 2024-2033
https://www.custommarketinsights.com/report/electric-tractor-market/
Global Electric Powertrain Market 2024-2033
https://www.custommarketinsights.com/report/electric-powertrain-market/
Global Hybrid Vehicle Market 2024-2033
https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Global Electric Bus Charging Station Market 2024-2033
https://www.custommarketinsights.com/report/electric-bus-charging-station-market/
➤ Conclusion
The global electric bus market is set for robust growth, expanding from USD 54.85 Billion in 2024 to an anticipated USD 177.14 Billion by 2034 at a CAGR of 12.44 %. This growth is driven by rising demand for zero-emission transportation, supportive government policies, and investments in electrified public transit. Leading manufacturers like AB Volvo, BYD, and Ebusco are investing in advanced technologies and global partnerships to capitalize on this trend. While challenges such as infrastructure and cost persist, electrification opportunities in Asia-Pacific and other regions provide significant potential for sustainable urban mobility solutions.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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