South Africa Electric Bus Market Size & Outlook, 2023-2030
South Africa electric bus market, 2018-2030 (US$M)
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South Africa electric bus market highlights
- The South Africa electric bus market generated a revenue of USD 18.9 million in 2023 and is expected to reach USD 72.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 21% 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.
Electric bus market data book summary
| Market revenue in 2023 | USD 18.9 million |
| Market revenue in 2030 | USD 72.0 million |
| Growth rate | 21% (CAGR from 2023 to 2030) |
| Largest segment | Lithium iron phosphate |
| Fastest growing segment | Lithium Nickel Manganese Cobalt Oxide |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.1% of the global electric bus market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia electric bus market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 58.3 million by 2030.
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Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 91.01% in 2023. Horizon Databook has segmented the South 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.
- South Africa Electric Bus Battery type Outlook (Revenue, USD Million, 2018-2030)
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Iron Phosphate
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Our clientele includes a mix of electric bus market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa electric bus market , including forecasts for subscribers. This country databook contains high-level insights into South Africa electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa electric bus market size, by battery type, 2018-2030 (US$M)
South Africa Electric Bus Market Outlook Share, 2023 & 2030 (US$M)
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