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Electric bus technology market to reach USD 134.4 billion by 2023 according to new research report

Automotive and Transportation Market Research

Electric Bus Technology Market by Technology (Parallel Hybrid Bus, Series Hybrid Bus, Series-Parallel Hybrid Bus, Pure Electric Bus) By Size (Below 10 Meters Length, Above 10 Meters Length) and By Trends(Threat of New Entrants ,Threat of Substitute, Bargaining Power of Buyers, Bargaining Power of Suppliers).

Global Electric Bus Market Make an Inquiry about this news was valued at USD 45.8 Billion in the year 2017. Global Electric Bus market is further estimated to grow at a CAGR of 16.37% from 2018 to reach USD 134.4 Billion by the year 2023.

Asia Pacific region holds the highest market share in 2017 with North America region is considered as the fastest growing market in the forecasted period. At a country level, China holds the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.

Daimler AG. (Germany), Proterra Inc. (U.S), AB Volvo. (Sweden), are some of the key players in the Electric Bus market.

Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Fuel Efficiency

Eco-friendly and Reduced Vibration


Charging Time & Location


Emerging market in India


Collaboration within the eMobility Value Chain

Battery Electric Buses (BEBs) is expected to hold the highest market share during the forecast period. On the other hand, pure electric bus is expected to grow at the highest CAGR of XX.XX during the year 2017-2022.

As there is recent growth in electric -charging stations in the major cities of the world.

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Key Benefits for Stakeholders

Electric Bus Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Technology

Parallel Hybrid Bus

Series Hybrid Bus

Series-Parallel Hybrid Bus

Pure Electric Bus

By Size

Below 10 Meters Length

Above 10 Meters Length

By Region

North America




Key Market Players



Daimler AG

Proterra Inc.

Jiangsu Alfa Bus Co., Ltd

Jingzhou Xinwei Electric Vehicle Co. Ltd.

AB Volvo

Zhengzhou Yutong Bus Co., Ltd.

Zhuhai Guangtong Automobile Co., Ltd.

New Flyer Industries, Inc.

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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