U.S. Electric Bus Market Size & Outlook, 2023-2030
U.S. electric bus market, 2018-2030 (US$M)
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U.S. electric bus market highlights
- The U.S. electric bus market generated a revenue of USD 2,715.6 million in 2023 and is expected to reach USD 25,300.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 37.6% 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.
Electric bus market data book summary
| Market revenue in 2023 | USD 2,715.6 million |
| Market revenue in 2030 | USD 25,300.5 million |
| Growth rate | 37.6% (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, U.S. accounted for 8.2% 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 North America, U.S. electric bus market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,115.7 million by 2030.
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Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 92.45% in 2023. Horizon Databook has segmented the U.S. 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.
- U.S. 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 country-level data and insights on the U.S. electric bus market , including forecasts for subscribers. This country databook contains high-level insights into U.S. electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. electric bus market size, by battery type, 2018-2030 (US$M)
U.S. Electric Bus Market Outlook Share, 2023 & 2030 (US$M)
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