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[Latest] Global Electric Bus Market Size & Share Analysis Forecast 2020-2026
Electric Bus Market By Bus Type (Less than 9m, 9-14m, and Above 14m), By Battery Capacity (Less than 50kWh, 50–250kWh, and Above 250kWh), By Range (Less than 150 miles, 150–300 miles, and Above 300 miles), By Propulsion Type (PHEV, BEV, and FCEV), By Component (Battery, Motor, Ultra-Capacitor, and Fuel Cell Stack), By Consumer Segment (Fleet Operator and Government), By Application (Intercity and Intracity), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[220+ Page Report] According to the report published by Facts & Factors, the global electric bus market size was worth 135 thousand units in 2019 and is predicted to reach 600 thousand units by the end of 2026. The market is expected to grow with a CAGR of 25% during the forecast period. The report analyzes the global electric bus market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the electric bus industry.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the global electric bus industry. The report analyzes and declares the historical and current trends analysis of the global electric bus industry and subsequently recommends the projected trends anticipated to be observed in the global electric bus market during the upcoming years.
The global electric bus market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire global electric bus market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of volume (K Units) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the global electric bus industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the global electric bus industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the global electric bus market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the global electric bus industry. The global electric bus market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the global electric bus sector. Key strategic developments in the global electric bus market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global electric bus market are appropriately highlighted in the report.
Gasoline-based vehicles are the leading cause of air pollution worldwide. The increasing carbon and other hazardous gases emission due to fuel combustion have been leveling up the global warming effect. Several government agencies and policymakers are seeking to launch low and zero-emission vehicles to combat such a situation. Although natural gas-based public transport system is succeeded to some extent in controlling the swiftly rising air pollution, electric buses are gaining prominence to eradicate this global concern owing to their zero-emission characteristic. Thus, the demand for electric buses in different regions across the globe is flourishing substantially and propelling the global electric bus market.
Besides, the major amount of the globally extracted crude oil is consumed by public transportation systems in several regions. All the countries are focused to slash the import and consumption rate of oil. Thus, the adoption of electric vehicles is an effective alternative for this condition. However, electric buses are quite expensive compared to gasoline-based vehicles, which is likely to hamper the global electric bus market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
135 Thousand Units |
Projected Market Size in 2026 |
600 Thousand Units |
CAGR Growth Rate |
25% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Daimler AG, Solaris Bus & Coach S.A., New Flyer Industries Inc., Proterra Inc., EBUSCO, Zhengzhou Yutong Group Co. Ltd., AB Volvo, and BYD Company Limited, among others. |
Key Segment |
By Bus Type, Battery Capacity, Range, Propulsion Type, Component, Consumer Segment, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The global electric bus market research report delivers an acute valuation and taxonomy of the global electric bus industry by practically splitting the market on the basis of bus type, battery capacity, range, propulsion type, component, consumer segment, application, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the global electric bus industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the global electric bus industry is provided for the leading economies of the world.
The global electric bus market is segmented based on the bus type, battery capacity, range, propulsion type, component, consumer segment, application, and region. On the basis of the bus type, the global electric bus market is bifurcated into less than 9 m, 9−14 m, and above 14 m. By battery capacity, the global industry is categorized into less than 50 kWh, 50–250 kWh, and above 250 kWh. The range segment divides the global market into less than 150 miles, 150–300 miles, and above 300 miles. Based on the propulsion type, the global market is classified into PHEV, BEV, and FCEV. Component-wise, the industry is sectored into the battery, motor, ultra-capacitor, and fuel cell stack. Based on the consumer segment, the market is fragmented into fleet operators and government. Application-wise, the market is fragmented into intercity and intracity.
Some of the essential players operating in the global electric bus market, but not restricted to include
- Daimler AG
- Solaris Bus & Coach S.A.
- New Flyer Industries Inc.
- Proterra Inc.
- EBUSCO
- Zhengzhou Yutong Group Co. Ltd.
- AB Volvo
- BYD Company Limited
The taxonomy of the global electric bus industry by its scope and segmentation is as follows:
Bus Type Segmentation Analysis
- Less than 9 m
- 9−14 m
- Above 14 m
Battery Capacity Segmentation Analysis
- Less than 50 kWh
- 50–250 kWh
- Above 250 kWh
Range Segmentation Analysis
- Less than 150 miles
- 150–300 miles
- Above 300 miles
Propulsion Type Segmentation Analysis
- PHEV
- BEV
- FCEV
Component Segmentation Analysis
- Battery
- Motor
- Ultra-capacitor
- Fuel Cell Stack
Consumer Segment Segmentation Analysis
- Fleet Operator
- Government
Application Segmentation Analysis
- Intercity
- Intracity
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Daimler AG
- Solaris Bus & Coach S.A.
- New Flyer Industries Inc.
- Proterra Inc.
- EBUSCO
- Zhengzhou Yutong Group Co. Ltd.
- AB Volvo
- BYD Company Limited
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