Latin America Electric Bus Market Size & Outlook
Latin America electric bus market, 2018-2030 (US$M)
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Latin America electric bus market highlights
- The Latin America electric bus market generated a revenue of USD 356.1 million in 2023.
- The market is expected to grow at a CAGR of 22.6% from 2024 to 2030.
- In terms of segment, lithium nickel manganese cobalt oxide was the largest revenue generating battery type in 2023.
- Lithium Iron Phosphate is the most lucrative battery type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 356.1 million |
| Market revenue in 2030 | USD 1,480.0 million |
| Growth rate | 22.6% (CAGR from 2023 to 2030) |
| Largest segment | Lithium nickel manganese cobalt oxide |
| Fastest growing segment | Lithium Iron Phosphate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate |
| Key market players worldwide | BYD Co Ltd ADR, Volvo AB ADR, Volkswagen AG, Nissan Motor Co Ltd, Daimler Truck Holding AG ADR, Hyundai Motor Co, Ashok Leyland, Zhengzhou Yutong Bus, Tata Motors, Proterra |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.1% of the global electric bus market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 28,416.3 million by 2030.
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Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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.
Lithium nickel manganese cobalt oxide was the largest segment with a revenue share of 82.22% in 2023. Horizon Databook has segmented the Latin America electric bus market based on lithium nickel manganese cobalt oxide, lithium iron phosphate covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Electric Bus Battery type Outlook (Revenue, USD Million, 2018-2030)
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Iron Phosphate
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America electric bus market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America electric bus market size, by country, 2018-2030 (US$M)
Latin America Electric Bus Market Outlook Share, 2023 & 2030 (US$M)
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