Middle East & Africa Electric Bus Market Size & Outlook
Middle East & Africa electric bus market, 2018-2030 (US$M)
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MEA electric bus market highlights
- The MEA electric bus market generated a revenue of USD 105.3 million in 2023.
- The market is expected to grow at a CAGR of 20.6% from 2024 to 2030.
- In terms of segment, lithium iron phosphate was the largest revenue generating battery type in 2023.
- Lithium Nickel Manganese Cobalt Oxide is the most lucrative battery type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 105.3 million |
| Market revenue in 2030 | USD 391.4 million |
| Growth rate | 20.6% (CAGR from 2023 to 2030) |
| Largest segment | Lithium iron phosphate |
| Fastest growing segment | Lithium Nickel Manganese Cobalt Oxide |
| 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, MEA region accounted for 0.3% 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 |
|---|
Middle East & Africa 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 iron phosphate was the largest segment with a revenue share of 90.41% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
- Middle East & Africa 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 Middle East & Africa electric bus market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA electric bus market size, by country, 2018-2030 (US$M)
Middle East & Africa Electric Bus Market Outlook Share, 2023 & 2030 (US$M)
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