Electric Bus Market Analysis and Forecast to 2031: By Type (All-electric, PHEV, FCEV), Battery Capacity (Below 100 kWh, 100-300 kWh, above 300 kWh), Application (Intercity, Intracity), and Region
Electric bus technology has come a long way in recent years, and it is now possible to find electric buses on the market that are capable of providing a comfortable, efficient, and cost-effective ride.
Range is an important consideration for any electric vehicle, and buses are no exception. The range of an electric bus is determined by a number of factors, including the size of the battery, the efficiency of the drivetrain, and the weight of the vehicle. Electric buses typically have a range of around 100 miles, although some models are capable of traveling further.
Charging time is another important consideration, as buses typically spend a significant amount of time idling at bus stops. The majority of electric buses on the market can be fully charged in around 4-6 hours, although some models are capable of being charged in as little as 2 hours.
Report Coverage
| Report Attribute | Details |
|---|---|
| Market Size in 2021 | $936 mn |
| Market Size in 2031 | $3,680 mn |
| Growth Rate (2021-31) | 14.7% |
| Historic Period | 2015-2020 |
| Forecast Period | 2022-2031 |
| Base Year | 2021 |
| Segments Covered | Type, Battery Capacity, Application |
| Key Companies | Anhui Ankai Automobile Co. Ltd., Beiqi Foton Motor Co., Ltd., BMW AG, BYD Company Ltd., Daimler AG, Ford Motor Company, General Motors, Honda Motor Co. Ltd., Hyundai Motor Company, Volvo |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Trends and Drivers
Some of the key trends in the electric bus market are:
- Increasing adoption of electric buses: With the increasing awareness of the benefits of electric vehicles, more and more bus operators are opting for electric buses. This is especially true in countries with stringent emission norms.
- Range anxiety: One of the main concerns for bus operators considering electric buses is range anxiety, i.e. the fear of the bus running out of charge before reaching its destination. This is slowly being addressed with the introduction of buses with longer ranges.
- Infrastructure challenges: Another challenge faced by the electric bus market is the lack of infrastructure, such as charging stations. This is slowly being addressed with the introduction of charging infrastructure by governments and private players.
Restraints & Challenges
One of the biggest restraints is the high cost of electric buses. While the cost of batteries and other components has come down in recent years, electric buses still cost more than traditional diesel buses. This is a major barrier for many transit agencies and operators who are looking to switch to electric buses.
Another challenge is the lack of infrastructure to support electric buses. In many areas, there are simply not enough charging stations or other infrastructure in place to support a large fleet of electric buses. This can be a major obstacle for transit agencies looking to switch to electric buses.
Market Segments
By Type
- All-Electric
- PHEV
- FCEV
By Battery Capacity
- Below 100 kWh
- 100-300 kWh
- Above 300 kWh
By Application
- Intercity
- Intracity
Key Players
- Anhui Ankai Automobile Co. Ltd.
- Beiqi Foton Motor Co., Ltd.
- BMW AG
- BYD Company Ltd.
- Daimler AG
- Ford Motor Company
- General Motors
- Honda Motor Co. Ltd.
- Hyundai Motor Company
- Volvo
Table of Contents
- Market Introduction
- Objectives of the Study
- Market Definition and Research & Scope
- Research Methodologies
- Market Estimation Techniques
- Executive Summary
- Summary
- Key Highlights of the Market
- Electric Bus Management Market Outlook
- Electric Bus Management Market Segmentation
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Market Restraints
- Restraint 1
- Restraint 2
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Porter’s Five Forces Analysis
- Threat of New Entrants
- Threat of Substitutes
- Bargaining Power of Buyers
- Bargaining Power of Supplier
- Competitive Rivalry
- Pestle Analysis
- Value Chain Analysis
- Raw Type Suppliers
- Manufacturers
- Wholesalers and Retailers
- Impact of Russia and Ukraine War On the Global Electric Bus Management Market
- Market Drivers
- Economic Impact of Covid-19
- Overall Impact of Covid-19
- Impact of Covid On the Global Electric Bus Management Market
- Economic Impact Analysis
- Electric Bus Management Market by Type
- Market Overview
- All-Electric
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- PHEV
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- FCEV
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- Electric Bus Management Market by Battery Capacity
- Market Overview
- Below 100 kWh
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- 100-300 kWh
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- Above 300 kWh
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- Electric Bus Management Market by Application
- Market Overview
- Intercity
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- Intracity
- Market Size and Forecast, 2021-2031 ($Million)
- Market Size and Forecast, by Region, 2021-2031 ($Million)
- Electric Bus Management Market, by Region
- Overview
- North America
- Key Market Trends and Opportunities
- North America Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- North America Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- North America Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- North America Electric Bus Management Market Size and Forecast by Country, 2021-2031, ($Million)
- The U.S.
- S. Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- S. Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- S. Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Canada
- Canada Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Canada Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Canada Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Mexico
- Mexico Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Mexico Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Mexico Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Europe
- Key Market Trends and Opportunities
- Europe Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Europe Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Europe Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Europe Electric Bus Management Market Size and Forecast by Country, 2021-2031, ($Million)
- Germany
- Germany Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Germany Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Germany Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- France
- France Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- France Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- France Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- K.
- K. Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- K. Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- K. Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Spain
- Spain Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Spain Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Spain Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Italy
- Italy Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Italy Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Italy Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Russia
- Russia Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Russia Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Russia Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Rest of Europe
- Rest of Europe Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Rest of Europe Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Rest of Europe Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Asia-Pacific
- Key Market Trends and Opportunities
- Asia-Pacific Electric Bus Management Market Size and Forecast by Country, 2021-2031, ($Million)
- Asia-Pacific Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Asia-Pacific Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Asia-Pacific Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- China
- China Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- China Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- China Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- India
- India Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- India Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- India Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Japan
- Japan Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Japan Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Japan Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- South Korea
- South Korea Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- South Korea Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- South Korea Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Rest of APAC
- Rest of APAC Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Rest of APAC Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Rest of APAC Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Rest of the World
- Key Market Trends and Opportunities
- Rest of the World Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Rest of the World Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Rest of the World Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Rest of the World Electric Bus Management Market Size and Forecast by Country, 2021-2031, ($Million)
- Latin America
- Latin America Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Latin America Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Latin America Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Middle East
- Middle East Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Middle East Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Middle East Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Africa
- Africa Electric Bus Management Market Size and Forecast by Type, 2021-2031, ($Million)
- Africa Electric Bus Management Market Size and Forecast by Battery Capacity, 2021-2031, ($Million)
- Africa Electric Bus Management Market Size and Forecast by Application, 2021-2031, ($Million)
- Competitive Landscape
- Market Overview
- Market Share Analysis/Key Player Positioning
- Developmental Strategy Benchmarking
- New Product Development
- Product Launches
- Business Expansions
- Partnerships, Joint Ventures, and Collaborations
- Mergers and Acquisitions
- Company Profiles
- Hyundai Motor Company
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Volvo
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Anhui Ankai Automobile Co. Ltd.
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Beiqi Foton Motor Co., Ltd.
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- BMW AG
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- BYD Company Ltd.
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Daimler AG
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Ford Motor Company
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- General Motors
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Honda Motor Co. Ltd.
- Company Snapshot
- Financial Performance
- Product offerings
- Key Strategic Initiatives
- Swot Analysis
- Hyundai Motor Company
*the List of Company Is Subject To Change During the Final Compilation of the Report
Key Players
- Anhui Ankai Automobile Co. Ltd.
- Beiqi Foton Motor Co., Ltd.
- BMW AG
- BYD Company Ltd.
- Daimler AG
- Ford Motor Company
- General Motors
- Honda Motor Co. Ltd.
- Hyundai Motor Company
- Volvo
Market Segments
By Type
- All-Electric
- PHEV
- FCEV
By Battery Capacity
- Below 100 kWh
- 100-300 kWh
- Above 300 kWh
By Application
- Intercity
- Intracity
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
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