Electric Bus Market Size to Hit Around USD 113.06 Billion by 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Battery Capacity Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Bus Market, By Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

7.1. Electric Bus Market, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

7.1.1. Battery Electric Bus (BEV)

7.1.1.1. Market Revenue and Forecast

7.1.2. Plug-in Hybrid Electric Bus (PHEV)

7.1.2.1. Market Revenue and Forecast

7.1.3. Fuel Cell Electric Bus (FCEB / Hydrogen)

7.1.3.1. Market Revenue and Forecast

7.1.4. Trolley Electric Bus (Overhead Catenary Line Powered)

7.1.4.1. Market Revenue and Forecast

7.1.5. Hybrid Electric Bus (HEV)

7.1.5.1. Market Revenue and Forecast

Chapter 8. Global Electric Bus Market, By Battery Type

8.1. Electric Bus Market, by Battery Type

8.1.1. Lithium-Ion Battery

8.1.1.1. Market Revenue and Forecast

8.1.2. Solid-State Battery

8.1.2.1. Market Revenue and Forecast

8.1.3. Lead-Acid Battery

8.1.3.1. Market Revenue and Forecast

8.1.4. Ultracapacitor + Battery Hybrid Systems

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Electric Bus Market, By Bus Size / Length

9.1. Electric Bus Market, by Bus Size / Length

9.1.1. < 6 meters (Mini/Short Buses)

9.1.1.1. Market Revenue and Forecast

9.1.2. 6–8 meters (Midi Buses)

9.1.2.1. Market Revenue and Forecast

9.1.3. 9–12 meters (Standard/City Buses)

9.1.3.1. Market Revenue and Forecast

9.1.4. > 12 meters

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Electric Bus Market, By Application

10.1. Electric Bus Market, by Application

10.1.1. Intra-City (Urban Transit)

10.1.1.1. Market Revenue and Forecast

10.1.2. Inter-City (Suburban, Long-Distance Transit)

10.1.2.1. Market Revenue and Forecast

10.1.3. School Transportation

10.1.3.1. Market Revenue and Forecast

10.1.4. Airport Shuttle

10.1.4.1. Market Revenue and Forecast

10.1.5. Tourism / Sightseeing Bus

10.1.5.1. Market Revenue and Forecast

10.1.6. Corporate Staff Transport

10.1.6.1. Market Revenue and Forecast

10.1.7. Last-Mile Shuttle Services

10.1.7.1. Market Revenue and Forecast

Chapter 11. Global Electric Bus Market, By Charging Type / Infrastructure

11.1. Electric Bus Market, by Charging Type / Infrastructure

11.1.1. Depot Charging (Slow/Overnight)

11.1.1.1. Market Revenue and Forecast

11.1.2. Opportunity Charging (Fast, En Route)

11.1.2.1. Market Revenue and Forecast

11.1.3. Swappable Battery Systems

11.1.3.1. Market Revenue and Forecast

11.1.4. Hydrogen Refueling Infrastructure (for FCEBs)

11.1.4.1. Market Revenue and Forecast

Chapter 12. Global Electric Bus Market, By Bus Body Type

12.1. Electric Bus Market, by Bus Body Type

12.1.1. Low-Floor Bus

12.1.1.1. Market Revenue and Forecast

12.1.2. High-Floor Bus

12.1.2.1. Market Revenue and Forecast

12.1.3. Double-Decker Bus

12.1.3.1. Market Revenue and Forecast

12.1.4. Articulated Bus

12.1.4.1. Market Revenue and Forecast

12.1.5. Coach / Long-Haul Bus

12.1.5.1. Market Revenue and Forecast

Chapter 13. Global Electric Bus Market, By Battery Capacity

13.1. Electric Bus Market, by Battery Capacity

13.1.1. < 100 kWh

13.1.1.1. Market Revenue and Forecast

13.1.2. 100–200 kWh

13.1.2.1. Market Revenue and Forecast

13.1.3. 201–350 kWh

13.1.3.1. Market Revenue and Forecast

13.1.4. > 350 kWh

13.1.4.1. Market Revenue and Forecast

Chapter 14. Global Electric Bus Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.1.2. Market Revenue and Forecast, by Battery Type

14.1.3. Market Revenue and Forecast, by Bus Size / Length

14.1.4. Market Revenue and Forecast, by Application

14.1.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.1.6. Market Revenue and Forecast, by Battery Capacity

14.1.7. Market Revenue and Forecast, by Bus Body Type

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.1.8.2. Market Revenue and Forecast, by Battery Type

14.1.8.3. Market Revenue and Forecast, by Bus Size / Length

14.1.8.4. Market Revenue and Forecast, by Application

14.1.8.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.1.8.6. Market Revenue and Forecast, by Battery Capacity

14.1.8.7. Market Revenue and Forecast, by Bus Body Type

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.1.9.2. Market Revenue and Forecast, by Battery Type

14.1.9.3. Market Revenue and Forecast, by Bus Size / Length

14.1.9.4. Market Revenue and Forecast, by Application

14.1.9.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.1.9.6. Market Revenue and Forecast, by Battery Capacity

14.1.9.7. Market Revenue and Forecast, by Bus Body Type

14.2. Europe

14.2.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.2.2. Market Revenue and Forecast, by Battery Type

14.2.3. Market Revenue and Forecast, by Bus Size / Length

14.2.4. Market Revenue and Forecast, by Application

14.2.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.2.6. Market Revenue and Forecast, by Battery Capacity

14.2.7. Market Revenue and Forecast, by Bus Body Type

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.2.8.2. Market Revenue and Forecast, by Battery Type

14.2.8.3. Market Revenue and Forecast, by Bus Size / Length

14.2.8.4. Market Revenue and Forecast, by Application

14.2.8.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.2.8.6. Market Revenue and Forecast, by Battery Capacity

14.2.8.7. Market Revenue and Forecast, by Bus Body Type

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.2.9.2. Market Revenue and Forecast, by Battery Type

14.2.9.3. Market Revenue and Forecast, by Bus Size / Length

14.2.9.4. Market Revenue and Forecast, by Application

14.2.9.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.2.9.6. Market Revenue and Forecast, by Battery Capacity

14.2.9.7. Market Revenue and Forecast, by Bus Body Type

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.2.10.2. Market Revenue and Forecast, by Battery Type

14.2.10.3. Market Revenue and Forecast, by Bus Size / Length

14.2.10.4. Market Revenue and Forecast, by Application

14.2.10.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.2.10.6. Market Revenue and Forecast, by Battery Capacity

14.2.10.7. Market Revenue and Forecast, by Bus Body Type

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.2.11.2. Market Revenue and Forecast, by Battery Type

14.2.11.3. Market Revenue and Forecast, by Bus Size / Length

14.2.11.4. Market Revenue and Forecast, by Application

14.2.11.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.2.11.6. Market Revenue and Forecast, by Battery Capacity

14.2.11.7. Market Revenue and Forecast, by Bus Body Type

14.3. APAC

14.3.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.3.2. Market Revenue and Forecast, by Battery Type

14.3.3. Market Revenue and Forecast, by Bus Size / Length

14.3.4. Market Revenue and Forecast, by Application

14.3.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.3.6. Market Revenue and Forecast, by Battery Capacity

14.3.7. Market Revenue and Forecast, by Bus Body Type

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.3.8.2. Market Revenue and Forecast, by Battery Type

14.3.8.3. Market Revenue and Forecast, by Bus Size / Length

14.3.8.4. Market Revenue and Forecast, by Application

14.3.8.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.3.8.6. Market Revenue and Forecast, by Battery Capacity

14.3.8.7. Market Revenue and Forecast, by Bus Body Type

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.3.9.2. Market Revenue and Forecast, by Battery Type

14.3.9.3. Market Revenue and Forecast, by Bus Size / Length

14.3.9.4. Market Revenue and Forecast, by Application

14.3.9.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.3.9.6. Market Revenue and Forecast, by Battery Capacity

14.3.9.7. Market Revenue and Forecast, by Bus Body Type

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.3.10.2. Market Revenue and Forecast, by Battery Type

14.3.10.3. Market Revenue and Forecast, by Bus Size / Length

14.3.10.4. Market Revenue and Forecast, by Application

14.3.10.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.3.10.6. Market Revenue and Forecast, by Battery Capacity

14.3.10.7. Market Revenue and Forecast, by Bus Body Type

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.3.11.2. Market Revenue and Forecast, by Battery Type

14.3.11.3. Market Revenue and Forecast, by Bus Size / Length

14.3.11.4. Market Revenue and Forecast, by Application

14.3.11.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.3.11.6. Market Revenue and Forecast, by Battery Capacity

14.3.11.7. Market Revenue and Forecast, by Bus Body Type

14.4. MEA

14.4.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.4.2. Market Revenue and Forecast, by Battery Type

14.4.3. Market Revenue and Forecast, by Bus Size / Length

14.4.4. Market Revenue and Forecast, by Application

14.4.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.4.6. Market Revenue and Forecast, by Battery Capacity

14.4.7. Market Revenue and Forecast, by Bus Body Type

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.4.8.2. Market Revenue and Forecast, by Battery Type

14.4.8.3. Market Revenue and Forecast, by Bus Size / Length

14.4.8.4. Market Revenue and Forecast, by Application

14.4.8.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.4.8.6. Market Revenue and Forecast, by Battery Capacity

14.4.8.7. Market Revenue and Forecast, by Bus Body Type

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.4.9.2. Market Revenue and Forecast, by Battery Type

14.4.9.3. Market Revenue and Forecast, by Bus Size / Length

14.4.9.4. Market Revenue and Forecast, by Application

14.4.9.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.4.9.6. Market Revenue and Forecast, by Battery Capacity

14.4.9.7. Market Revenue and Forecast, by Bus Body Type

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.4.10.2. Market Revenue and Forecast, by Battery Type

14.4.10.3. Market Revenue and Forecast, by Bus Size / Length

14.4.10.4. Market Revenue and Forecast, by Application

14.4.10.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.4.10.6. Market Revenue and Forecast, by Battery Capacity

14.4.10.7. Market Revenue and Forecast, by Bus Body Type

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.4.11.2. Market Revenue and Forecast, by Battery Type

14.4.11.3. Market Revenue and Forecast, by Bus Size / Length

14.4.11.4. Market Revenue and Forecast, by Application

14.4.11.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.4.11.6. Market Revenue and Forecast, by Battery Capacity

14.4.11.7. Market Revenue and Forecast, by Bus Body Type

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.5.2. Market Revenue and Forecast, by Battery Type

14.5.3. Market Revenue and Forecast, by Bus Size / Length

14.5.4. Market Revenue and Forecast, by Application

14.5.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.5.6. Market Revenue and Forecast, by Battery Capacity

14.5.7. Market Revenue and Forecast, by Bus Body Type

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.5.8.2. Market Revenue and Forecast, by Battery Type

14.5.8.3. Market Revenue and Forecast, by Bus Size / Length

14.5.8.4. Market Revenue and Forecast, by Application

14.5.8.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.5.8.6. Market Revenue and Forecast, by Battery Capacity

14.5.8.7. Market Revenue and Forecast, by Bus Body Type

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Propulsion Type (Revenue: US$ Bn and Volume: No. of Units)

14.5.9.2. Market Revenue and Forecast, by Battery Type

14.5.9.3. Market Revenue and Forecast, by Bus Size / Length

14.5.9.4. Market Revenue and Forecast, by Application

14.5.9.5. Market Revenue and Forecast, by Charging Type / Infrastructure

14.5.9.6. Market Revenue and Forecast, by Battery Capacity

14.5.9.7. Market Revenue and Forecast, by Bus Body Type

Chapter 15. Company Profiles

15.1. Tata Motors

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Daimler AG

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Geely Automobiles Holdings Ltd.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Man SE

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Scania

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. AB Volvo

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Workhorse

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. BYD Company Ltd.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Dongfeng Motor Company

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Paccar Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global electric bus market size was reached at USD 32.15 billion in 2024 and is anticipated to hit around USD 113.06 billion by 2034.

The global electric bus market is expected to grow at a CAGR of 13.40% from 2025 to 2034.

The major players operating in the electric bus market are Tata Motors, Daimler AG, Geely Automobiles Holdings Ltd., Man SE, Scania, AB Volvo, Workhorse, BYD Company Ltd., Dongfeng Motor Company, and Paccar Inc.

The government is spending heavily in the development of charging infrastructure across the board. In addition, transportation corporations are refocusing their efforts on renewable energy sources. As a result, since a few years, there has been a high demand for electric buses. Thus, these factors are driving the growth of the global electric bus market.

Asia-Pacific dominated the electric bus market in 2024 with highest revenue share and will lead during the forecast period.