Global Electric Bus and Hybrid Bus Market Growth 2024-2030

Global Electric Bus and Hybrid Bus Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Electric Bus and Hybrid Bus market size was valued at US$ 1250.4 million in 2023. With growing demand in downstream market, the Electric Bus and Hybrid Bus is forecast to a readjusted size of US$ 1769.2 million by 2030 with a CAGR of 5.1% during review period.

The research report highlights the growth potential of the global Electric Bus and Hybrid Bus market. Electric Bus and Hybrid Bus are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Electric Bus and Hybrid Bus. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Electric Bus and Hybrid Bus market.

A bus (archaically also omnibus, multibus, motorbus, autobus) is a road vehicle designed to carry many passengers. Buses can have a capacity as high as 300 passengers. The most common type of bus is the single-deck rigid bus, with larger loads carried by double-decker and articulated buses, and smaller loads carried by midibuses and minibuses; coaches are used for longer-distance services. Many types of buses, such as city transit buses and inter-city coaches, charge a fare. Other types, such as elementary or secondary school buses or shuttle buses within a post-secondary education campus do not charge a fare. In many jurisdictions, bus drivers require a special licence above and beyond a regular driver's licence.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

Key Features:

The report on Electric Bus and Hybrid Bus market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Electric Bus and Hybrid Bus market. It may include historical data, market segmentation by Type (e.g., Electric Bus, Hybrids Bus), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Electric Bus and Hybrid Bus market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Electric Bus and Hybrid Bus market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Electric Bus and Hybrid Bus industry. This include advancements in Electric Bus and Hybrid Bus technology, Electric Bus and Hybrid Bus new entrants, Electric Bus and Hybrid Bus new investment, and other innovations that are shaping the future of Electric Bus and Hybrid Bus.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electric Bus and Hybrid Bus market. It includes factors influencing customer ' purchasing decisions, preferences for Electric Bus and Hybrid Bus product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electric Bus and Hybrid Bus market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electric Bus and Hybrid Bus market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Electric Bus and Hybrid Bus market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Electric Bus and Hybrid Bus industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Electric Bus and Hybrid Bus market.

Market Segmentation:

Electric Bus and Hybrid Bus market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Electric Bus
Hybrids Bus

Segmentation by application
City Traffic
Inter-city Traffic
School
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yutong
Daimler
MAN
Solaris Bus & Coach
Volvo
Ashok Leyland
BYD
New Flyer
Otokar
Scania
Tata Motors
King Long
Zhong Tong
Nanjing Gold Dragon
DFAC
CRRC
Foton
ANKAI
Guangtong
Gillig

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Bus and Hybrid Bus market?

What factors are driving Electric Bus and Hybrid Bus market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Bus and Hybrid Bus market opportunities vary by end market size?

How does Electric Bus and Hybrid Bus break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.