Electric Bus Market Size, Share, Growth Analysis, By Propulsion Type (Battery Electric Bus (BEB), Plug-In Hybrid Electric Bus (PHEB)), By Length, By Battery Capacity, By Power Output, By Application, By Region - Industry Forecast 2025-2032

Currently, the demand for electric buses is not as much as ICE buses. However, the global electric bus market is flooded with number of players engaging in production of electric buses, especially in China. It has been found that most of the market is dominated by regional players as they have netter understanding about the local market and consumer mindset.

As of 2021, all the manufacturers in the global electric bus market are competing for a substantial market share and have creased intense competitive environment. In line with this, most of the leading players are praying on acquiring small players that are working on electric bus technologies in order to strengthen their product capabilities.

China is a major player in the electric bus market, and its dominance is expected to continue throughout the forecast period. In May 2020, more than 420,000 electric buses were running in China, accounting for approximately 90% of the global fleet. Furthermore, China's Ministry of Transport is providing subsidies and other benefits for the development of low-emission bus fleets, which is positively influencing the electric bus market. Despite the pandemic, Chinese bus manufacturers sold 61,000 more new energy buses in 2020.

Electric Bus Market Top Player’s Company Profiles

• BYD Company Ltd. 
• Proterra Inc. 
• Yutong Bus Co., Ltd. 
• Zhongtong Bus Holding Co., Ltd. 
• NFI Group Inc. 
• Daimler AG 
• Solaris Bus & Coach S.A. 
• VDL Groep 
• Ebusco B.V. 
• King Long United Automotive Industry Co., Ltd. 
• Anhui Ankai Automobile Co., Ltd. 
• Alexander Dennis Limited (ADL) 
• Blue Bird Corporation 
• Gillig LLC 
• Tata Motors Limited 
• Ashok Leyland 
• Volvo Group 
• Scania AB 
• MAN SE 
• Hyundai Motor Company

Electric Bus Market