Electric Bus Market Size, Share, Growth Analysis, By Propulsion Type(Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), By Range(Less than 200 Miles, More than 200 Miles), By Battery Capacity(Up to 400 kWh, Above 400 kWh), By length of bus(less than 9 meters, 9-14 meters, and above 14 meters), By component(battery, motor, fuel cell stack, battery management system), By power output(up to 250kW and above 250kW), By application(Intercity and intracity), By battery type(lithium-nickel-manganese-cobalt oxide, lithium-iron phosphate, and others), By Region - Industry Forecast 2024-2031

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 Limited
• Yutong Group
• Proterra Inc.
• Zhongtong Bus Holding Co. Ltd.
• AB Volvo
• Daimler AG
• New Flyer Industries Inc.
• Solaris Bus & Coach S.A.
• Ebusco BV
• Alexander Dennis Limited
• Bolloré SE
• Wrightbus Limited
• Scania AB
• Tata Motors Limited
• Hyundai Motor Company
• Toyota Motor Corporation
• Anhui Ankai Automobile Co. Ltd.
• Blue Bird Corporation
• VDL Bus & Coach BV
• Iveco S.p.A.

Electric Bus Market