Global Electric Bus Market Size & Outlook, 2024-2030
Global electric bus market, 2018-2030 (US$M)
Related Markets
Global electric bus market highlights
- The global electric bus market generated a revenue of USD 55,576.4 million in 2024 and is expected to reach USD 110,436.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 12.1% by 2030.
- In terms of segment, bev accounted for a revenue of USD 37,583.6 million in 2024.
- FCEV is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 55,576.4 million |
| Market revenue in 2030 | USD 110,436.1 million |
| Growth rate | 12.1% (CAGR from 2025 to 2030) |
| Largest segment | Bev |
| Fastest growing segment | FCEV |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BEV, PHEV, FCEV |
Other key industry trends
- In terms of revenue, the North America accounted for 1.9% of the global electric bus market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 2,435.2 million by 2030.
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Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electric bus market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric bus market will help companies and investors design strategic landscapes.
Bev was the largest segment with a revenue share of 67.63% in 2024. Horizon Databook has segmented the Global electric bus market based on bev, phev, fcev covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electric Bus Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- BEV
- PHEV
- FCEV
- Global Electric Bus Battery Type Outlook (Revenue, USD Million, 2018-2030)
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Iron Phosphate
- Global Electric Bus Application Outlook (Revenue, USD Million, 2018-2030)
- Intracity
- Intercity
- Global Electric Bus End Use Outlook (Revenue, USD Million, 2018-2030)
- Public
- Private
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Target buyers of Global electric bus market databook
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Our clientele includes a mix of electric bus market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric bus market , including forecasts for subscribers. This global databook contains high-level insights into Global electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global electric bus market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electric bus market size, 2024 (US$M)
Global electric bus market share, by vehicle type, 2024 & 2030 (%, US$M)
Electric bus market: Opportunity assessment by country
Global electric bus market, by region, 2024 (US$M)
Related regional statistics
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