Electric Bus Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027

The report on the global electric bus market provides qualitative and quantitative analysis for the period from 2019 to 2027. The report predicts the global electric bus market to grow with a CAGR of 28.20% over the forecast period from 2021-2027. The study on electric bus market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.



The report on electric bus market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electric bus market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global electric bus market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Stringent government environmental policies and regulations
• Growing demand for electric and hybrid vehicles

2) Restraints

• High cost of maintenance and manpower

3) Opportunities

• Advent of autonomous electric buses

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global electric bus market is segmented on the basis of power type, bus type, and end user.

The Global Electric Bus Market by Power Type

• Hybrid
• Fuel Cell
• Battery

The Global Electric Bus Market by Bus Type

• Light Bus
• Medium Bus
• High Seating Capacity Bus

The Global Electric Bus Market by End User

• Government
• Fleet Operators

Company Profiles

The companies covered in the report include

• BYD Company Limited
• Proterra Inc.
• Solaris Bus & Coach SA
• Zhongtong Bus Holding Co., Ltd
• Shenzhen Wuzhoulong Motors Co., Ltd
• AB Volvo
• Daimler AG
• EBUSCO BV
• New Flyer Industries Inc.
• TATA Motors

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the electric bus market.
2. Complete coverage of all the segments in the electric bus market to analyze the trends, developments in the global market and forecast of market size up to 2027.
3. Comprehensive analysis of the companies operating in the global electric bus market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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