Electric Bus Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The size of the electric bus market is to reach 2021, increasing from 81,000 units by 2028 to 704,000 units, with a CAGR of 43%. The country’s increasing focus on promoting the electrification of mass transportation solutions and government support is driving the growth of the electric bus market. A focus on promoting electric transit solutions is primarily expected to drive this market growth. Government support to encourage the use of electric vehicles is speeding up the market. The COVID-19 pandemic has halted development in the global market, leaving a gap in the manufacturing sector. This stagnation is expected to persist sooner or later, paving the way for market growth, and the Middle East and Africa are expected to emerge as major regions of the global market during the forecast period. Accelerated government initiatives to promote electric public transport vehicles in the region have significantly increased the size of the landscape.The global electric bus market is expected to witness a whopping CAGR post Covid-19 era.

Company Profile

• BYD Company Limited.
• Proterra, Inc.
• AB Volvo (publ).
• Daimler AG.
• Solaris Bus & Coach S.A.
• Zhongtong Bus & Holding Co., Ltd.
• Ashok Leyland, Ltd.

Market Segmentation

Based on Propulsion Type:

• BEV
• PHEV
• FCEV

Based on the Consumer Segment:

• Fleet Operator
• Government

Based on Application:

• Intercity
• Intracity

Based on the Length of Bus Type:

• less than 9 m
• 9−14 m
• Above 1 4m

Scope of the Report

The research study analyzes the Electric Bus industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electric Bus Market Report

1. What was the Electric Bus Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Electric Bus Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Electric Bus Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.