Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR70842

  • Latest News- Electric Bus Market: Intercity is expected to lead the Application segment during 2025-2029

    The Electric Bus Market is being driven by Reduction in battery prices of electric buses

    The Electric Bus Market is expected to grow at a CAGR of 16.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25059.3 million. In the electric bus market, the adoption of high-power charging solutions is crucial for efficient and convenient operation. Inductive wireless charging technology, developed by the US Department of Energy's Oak Ridge National Laboratory (ORNL), offers a significant advantage with a 20-kW capacity. This system, demonstrated on an electric Toyota RAV4 with a 10-kWh battery, achieved a 90% efficiency rate, surpassing plug-in systems threefold. ORNL's innovation has paved the way for commercial wireless chargers with a 50-kW power capacity, aligning with the capabilities of quick plug-in chargers in the market. 

    Get more information on Electric Bus Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • Intercity
      • Intra city
    • Type
      • Pure electric bus
      • Plug-in hybrid bus
    • Speed
      • Less than 200 Miles
      • More than 200 Miles
    • Capacity
      • Up to 400 kWh
      • Above 400 kWh
    • Product Type
      • Semi-autonomous
      • Autonomous
    • Propulsion Type
      • Battery Electric Bus (BEV)
      • Hybrid Electric Bus (HEV)
      • Fuel Cell Electric Bus (FCEV)
    • Battery Type
      • Lithium-Ion
      • Nickel-Metal Hydride
      • Others
    • Geography
      • APAC
        • China
        • India
        • Japan
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • Middle East and Africa
        • Egypt
      • South America
        • Brazil
        • Argentina

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Reduction in battery prices of electric buses
    • Technological improvements to reduce downtime
    • Government initiatives promoting electric buses

    However, the market also witnesses some limitations, which are as follows:

    • Declining number of public transport users
    • Lack of adequate charging infrastructure
    • Increased traveling range of electric buses

    Benefits of Buying Global Electric Bus Market Research Report by Technavio

    Rich Experience: 20+ years leading global market research, trusted insights across industries.

    Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

    Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

    Market Scope in Electric Bus Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    245

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 16.7%

    Market growth 2025-2029

    USD 25059.3 million

    Market structure

    fragmentation

    YoY growth 2024-2025(%)

    15.9

    Key countries

    US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), China, Japan, India, South Korea, Australia, US, Brazil, Germany, UK, and Canada

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    The transport sector is shifting towards electric buses as a solution to combat air pollution and address environmental concerns. Automobile manufacturers are producing fuel-efficient, non-polluting buses, including hydrogen fuel cell-powered and battery-electric vehicles (BEV). Zero emissions targets are driving the demand for these zero-emission vehicles, which do not emit vehicle emissions or ozone-depleting substances. Fast charging infrastructure and advancements in battery technology, such as lithium-ion batteries and battery management systems, are crucial for the widespread adoption of electric buses. Hybrid electric buses (HEV) and battery-electric buses (BEV) are replacing conventional bus flees to reduce greenhouse gas emissions and improve air quality. Artificial Intelligence and advanced technology are also being integrated into electric buses to enhance safety and efficiency. The transition from internal combustion engine (ICE) based buses to electric buses is a significant step towards sustainable transportation.

    Market Research Overview

    The electric bus market represents a significant segment within the larger automobile manufacturing industry. This sector focuses on the production of non-polluting, fuel-efficient buses as a response to growing environmental concerns and the need to combat air pollution. Key players in this market are leading global automobile manufacturers, producing not only buses but also passenger cars, commercial vehicles, and all-terrain vehicles. Market expansion is driven by the adoption of advanced technologies, such as increased electronic components, secure safety systems, autonomous capabilities, and emission standardization. Furthermore, the pursuit of improved fuel efficiency through electronic fuel control and vehicle customization adds to the market's appeal.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.