South Korea Electric Bus Market Size & Outlook, 2023-2030
South Korea electric bus market, 2018-2030 (US$M)
Related Markets
South Korea electric bus market highlights
- The South Korea electric bus market generated a revenue of USD 1,298.0 million in 2023 and is expected to reach USD 3,903.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17% 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 1,298.0 million |
| Market revenue in 2030 | USD 3,903.7 million |
| Growth rate | 17% (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 Korea accounted for 3.9% 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 Asia Pacific, China electric bus market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,035.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 92.4% in 2023. Horizon Databook has segmented the South Korea 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 Korea Electric Bus Battery type Outlook (Revenue, USD Million, 2018-2030)
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Iron Phosphate
Reasons to subscribe to South Korea electric bus market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea electric bus market databook
-
Our clientele includes a mix of electric bus market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea electric bus market , including forecasts for subscribers. This country databook contains high-level insights into South Korea electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea electric bus market size, by battery type, 2018-2030 (US$M)
South Korea Electric Bus Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
