Electric Bus Market

Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region - Global Forecast to 2027

Report Code: AT 7483 Dec, 2019, by marketsandmarkets.com

[170 Pages Report] The Global Electric Bus Market size is projected to reach 935 thousand units by 2027 from 137 thousand units in 2019, at a CAGR of 27.2%. Increasing focus of countries on promoting electrification of mass transit solutions and government support are propelling the growth of the electric bus market.

Electric Bus Market

The 9–14 m segment is estimated to lead the global electric bus market during the forecast period

In the electric bus market, by length of bus, the 9–14 m segment is projected to be the largest market during the forecast in terms of volume. The 9–14 m segment is dominating the electric bus segment due to the large volumes of electric passenger buses used in public transport fleet. Most of the public transport fleets, especially in China, which accounts for almost 99% of the market, have electric buses that are 9–14 m in length. Also, many of the market leading OEMs such as BYD, Proterra, and Yutong have been providing electric buses in the 9-14 m length range. Countries that are planning to replace existing public fleets with electric ones are considering electric buses of the same length, which is mostly 9–14 m.

The Middle East & Africa electric bus market is expected to register the fastest growth during the forecast period

The Middle East & Africa, which includes Egypt, South Africa, and UAE, is projected to be the fastest growing market during the forecast period. The increasing demand for electric mass transit solutions, renowned OEMs expanding in the region, and government support are factors driving the Middle East & Africa electric bus market. For instance, in November 2019, Egypt’s Arab Organisation for Industrialisation (AOI) started its first smart electric bus in the country with the help of Shanghai Wanxiang Group, China. Also, in May 2019, Foton Motor signed an agreement with Egypt’s Military Production Ministry to manufacture more than 2,000 electric buses in the country over the next four years. Middle East & Africa has become a key region for OEMs to explore, as major countries in the Middle East & Africa, such as Egypt, Africa, and UAE, have high demand for public transport due to the increasing number of tourists visiting these countries. Thus, governments are planning to replace the existing public transport with more efficient and emission-free public transport because of emission concerns.

Electric Bus Market

Asia Pacific is expected to be the largest electric bus market during the forecast period

The Asia Pacific region is the largest electric bus market in the world. It comprises some of the fastest developing and developed economies in the world. The growth in the region can be attributed to the dominance of the Chinese market and presence of leading OEMs such as BYD, Yutong, Zhongtong, and Ankai in the country as well, resulting in exponential growth of the Asia Pacific electric bus market. Also, Shenzhen was the first city in the world to have a fully electrified public transport fleet. The favorable regulations for electric buses, availability of electric and electronic components at cheaper rates, and rapidly growing charging infrastructure are projected to boost the electric bus market in the region.

Key Market Players

The global electric bus market is dominated by major players such as BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Scope of the Report

Report Metric


Electric Bus Market size available for years


Base year considered


Forecast period


Forecast units

Volume (Units) and Value (USD Billion)

Segments covered

Propulsion Type, Consumer Segment, Application, Range, Length of Bus, Component, Battery Capacity, Power Output, and Region

Geographies covered

Asia Pacific, Europe, North America, Latin America, and Middle East & Africa

Companies Covered

BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).
A total of 41 major company profiles covered and provided

This research report categorizes the given market based on propulsion type, consumer segment, application, range, length of bus, component, battery capacity, power output, and region.

Electric Bus Market, Based on Propulsion Type:

  • BEV
  • PHEV
  • FCEV

Electric Bus Market, Based on the Consumer Segment:

  • Fleet Operator
  • Government

Electric Bus Market, Based on Application:

  • Intercity
  • Intracity

Electric Bus Market, Based on the Length of Bus Type:

  • less than 9 m
  • 9−14 m
  • Above 1 4m

Electric Bus Market, Based on Range:

  • less than 150 miles
  • 150–300 miles
  • Above 300 miles

Electric Bus Market, Based on Battery Capacity:

  • Less than 50 kWh
  • 50–250 kWh
  • Above 250 kWh

Electric Bus Market, Based on Power Output:

  • Less than 100 kW
  • 100–250 kW
  • Above 250 kW

Electric Bus Market, Based on Component (qualitative):

  • Motor
  • Battery
  • Fuel Cell Stack
  • Ultra-capacitor

Electric Bus Market, Based on Region:

  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • Austria
    • Belgium
    • France
    • Germany
    • The Netherlands
    • Norway
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Kingdom
  • Latin America
    • Argentina
    • Brazil
    • Chile
    • Mexico
  • Middle East & Africa
    • Egypt
    • South Africa
    • UAE

Recent Developments

  • In June 2019, Yutong launched ZK6907H of the new 7 Series. It also launched four star models, namely, the T7 3.5T gasoline version, new high-end intelligent connected city bus U10, L4 self-driving bus, and hydrogen fuel cell bus F8.
  • In March 2019, NFI Group acquired Alexander Dennis Limited (ADL), the world’s largest manufacturer of double decker buses and a leading British bus and coach builder.
  • In December 2018, Ebusco announced to develop an electric bus for Deutsche Bahn in Germany. The bus can run up to 450 km without having to top up in the meantime. Ebusco has signed a cooperation agreement with DB Regio Bus.
  • In September 2018, CAF Group acquired Solaris Bus and Coach to enter into the global electric bus market.
  • In June 2018, BYD and Alexander Dennis Limited won the largest part of London’s first order for fully electric double deckers. Thirty seven BYD ADL Enviro400EV buses will enter service with Transport for London operator Metroline by 2019.
  • In March 2018, Chinese electric bus manufacturer, King Long, launched a new hydrogen fuel cell bus, XMQ6127G, which has a mileage of 300–350 km.

Critical Aspects:

  • Governments are working with OEMs to electrify public transport fleets and build charging stations. How will this transform the overall electric bus market?
  • How will fast-paced developments in battery technologies change the dynamics of electric bus market?
  • The industry is focusing on different powertrain technologies. Which are the leading companies working on it, and what organic and inorganic strategies have been adopted by them?
  • The fuel cell electric bus segment is expected to have a significant market during the forecast. How will this transform the overall electric bus market?
  • Analysis of your competition, including major players in this market and ecosystem. The major players are BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).  

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 the Market Size Covered in the Study Would be on Electric Bus Sales Only as Authenttic Production Data is Not Available
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
           5.2.5 Impact of Market Dynamics

6 Technological Overview

7 Electric Bus Market, By Consumer Segment
    7.1 Introduction
    7.2 Fleet Operators
    7.3 Government

8 Electric Bus Market, By Application
    8.1 Introduction
    8.2 Intercity
    8.3 Intra-City

9 Electric Bus Market, By Length Type
    9.1 Introduction
    9.2 Less Than 9 M
    9.3 9-14 M
    9.4 More Than 14 M

10 Electric Bus Market, By Component
     10.1 Introduction
     10.2 Battery
     10.3 Motor
     10.4 Fuel Cell Stack

11 Electric Bus Market, By Propulsion Type
     11.1 Introduction
     11.2 Battery Electric Vehicle (BEV)
     11.3 Plug-In Hybrid Electric Vehicle (PHEV)
     11.4 Fuel Cell Electric Vehicle (FCEV)

12 Electric Bus Market, By Range Type
     12.1 Introduction
     12.2 Up to 200 Miles
     12.3 201-400 Miles
     12.4 Above 400 Miles

13  Electric Bus Market, By Battery Capacity Type
     13.1 Introduction
     13.2 Up to 400 kWh 
     13.3 Above 400 kWh

14 Electric Bus Market, By Power Output Type
     14.1 Introduction
     14.2 Up to 250 KW
     14.3 Above 250 KW

15 Electric Bus Market, By Region
     15.1 Introduction
     15.2 Asia Pacific
             15.2.1 China
             15.2.2 India
             15.2.3 Japan
             15.2.4 South Korea
             15.2.5 Singapore
     15.3 Europe
             15.3.1 Austria
               15.3.2  Belgium
               15.3.3  France
               15.3.4  Germany
               15.3.5  the Netherlands
               15.3.6  Norway
               15.3.7  Spain
               15.3.8  Sweden
               15.3.9  Switzerland
               15.3.10 Turkey
               15.3.11 United Kingdom
     15.4 North America
             15.4.1 Canada
             15.4.2 US
     15.5 Latin America
             15.5.1 Brazil
             15.5.2 Chile
             15.5.3 Mexico
               15.5.4  Argentina
     15.6 Middle East & Africa
             15.6.1 UAE
               15.6.2  Egypt
                     15.6.3      South Africa

16 Competitive Landscape
     16.1 Overview
     16.2 Market Ranking Analysis
     16.3 Competitive Scenario
             16.3.1 New Product Developments
             16.3.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
             16.3.3 Expansions, 2017–2018
     16.4 Competitive Leadership Mapping 
               16.4.1  Visionary Leaders
               16.4.2  Innovators
               16.4.3  Dynamic Differentiators
               16.4.4  Emerging Companies
     16.5 Upcoming Buses Models

17 Company Profiles
     17.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)*
               17.1.1  BYD
               17.1.2  Yutong
               17.1.3  Proterra
               17.1.4   VDL
               17.1.5  Volvo
               17.1.6  Daimler
               17.1.7   Solaris Bus & Coach S.A
               17.1.8  Ebusco Bv
               17.1.9  New Flyer Group
               17.1.10  Tata Motors
               17.1.11  Ashok Leyland
               17.1.12  Zhongtong Bus Holding     Co., Ltd
               17.1.13  Iveco 
               17.1.14  King Long United Automotive
               17.1.15  Skoda Transportation
               17.1.16  Ankai
               17.1.17  Scania
               17.1.18  Irizar
               17.1.19  Bluebird
               17.1.20  Iveco
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis Might Not be Captured in Case of Unlisted Companies.
     17.2 Key Players From Other Regions
             17.2.1 North America
             17.2.2 Europe
             17.2.3 Asia Pacific

18 Appendix
     18.1 Discussion Guide
     18.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     18.3 Available Customizations
     18.4 Related Reports
     18.5 Author Details

The study involved four major activities in estimating the current market size of the electric bus market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of electric bus OEMs, Canadian Automobile Association (CAA), International Energy Agency (IEA), Federal Transit Administration (FTA), American Public Transportation Association (APTA), Regional Transportation Authority (RTA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], electric bus magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations webistes, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global electric bus market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of electric bus market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

Electric Bus Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the global electric bus market size in terms of volume
  • To segment and forecast the market size by propulsion type [battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV)]
  • To segment and forecast the electric bus market size by application (intercity and intracity)
  • To segment and forecast the market size by range (less than 150 miles, 150–300 miles, and above 300 miles)
  • To segment and forecast the market size by consumer segment (fleet operator and government)
  • To segment and forecast the market size by length of bus (less than 9 m, 9−14 m, and more than 14 m)
  • To segment and forecast the market size by battery capacity (less than 50 kWh, 50-250 kWh, and above 250 kWh)
  • To segment and forecast the market size by power output (less than 100 kW, 100–250 kW, and above 250 kW)
  • To forecast the electric bus market size with respect to key regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • To provide detailed information regarding the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Electric Bus Market, By Range at country level (For countries covered in the report)
  • Electric Bus Market, By Length of Bus at country level (For countries covered in the report)
  • Electric Bus Market, By Application at country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
Report Code
AT 7483
Published ON
Dec, 2019
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