Industry: Automobile & Transportation
Published Date: 2025-03-19
Pages: 101 Pages
Report ld: 4677334
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Electric Bus Market Size(US$)

CAGR 2025-2031
9.9%
Market Size,2031
USD 26,890
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Electric Bus market size was US$ 14010 million in 2024 and is forecast to a readjusted size of US$ 26890 million by 2031 with a CAGR of 9.9% during the forecast period 2025-2031.
An electric bus is a bus powered by electricity. An electric bus uses electric motors or traction motors for propulsion. An electric bus may be powered through a collector system by electricity from off-bus sources, or may be self-contained with a battery or generator to convert fuel to electricity.
Global Electric Bus key players include Schneider Electric, Southwire Company LLC, Gonda Metal Industry, etc. Global top three manufacturers hold a share over 25%.
China is the largest market, with a share about 25%, followed by North America, and Europe, both have a share over 35 percent.
In terms of product, Battery Electric Bus is the largest segment, with a share over 90%. And in terms of application, the largest application is Transit Bus, followed by Travel Bus, etc.
The global Electric Bus market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Electric Bus market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Plug-in Hybrid Electric Bus in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Travel Bus in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
This is not just another market study. By fusing global trend analysis with hyper-local operational intelligence, we deliver:
- Risk-Controlled Market Entry: Navigate regulatory complexities in focus markets (e.g., China’s policies).
- Product Portfolio Optimization: Align offerings with regional preferences (e.g., Battery Electric Bus dominance in Europe vs. Plug-in Hybrid Electric Bus demand in MEA).
- Competitor Counterstrategies: Decode player tactics in fragmented vs. consolidated markets.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Electric Bus Product Scope
1.2 Electric Bus by Type
1.2.1 Global Electric Bus Sales by Type (2020 & 2024 & 2031)
1.2.2 Battery Electric Bus
1.2.3 Plug-in Hybrid Electric Bus
1.2.4 Fuel Cell Electric Bus
1.3 Electric Bus by Application
1.3.1 Global Electric Bus Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Transit Bus
1.3.3 Travel Bus
1.3.4 Others
1.4 Global Electric Bus Market Estimates and Forecasts (2020-2031)
1.4.1 Global Electric Bus Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Electric Bus Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Electric Bus Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Electric Bus Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Electric Bus Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Electric Bus Sales Market Share by Region (2020-2025)
2.2.2 Global Electric Bus Revenue Market Share by Region (2020-2025)
2.3 Global Electric Bus Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Electric Bus Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Electric Bus Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Electric Bus Market Size and Prospective (2020-2031)
2.4.2 Europe Electric Bus Market Size and Prospective (2020-2031)
2.4.3 China Electric Bus Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Electric Bus Historic Market Review by Type (2020-2025)
3.1.1 Global Electric Bus Sales by Type (2020-2025)
3.1.2 Global Electric Bus Revenue by Type (2020-2025)
3.1.3 Global Electric Bus Price by Type (2020-2025)
3.2 Global Electric Bus Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Electric Bus Sales Forecast by Type (2026-2031)
3.2.2 Global Electric Bus Revenue Forecast by Type (2026-2031)
3.2.3 Global Electric Bus Price Forecast by Type (2026-2031)
3.3 Different Types Electric Bus Representative Players
4 Global Market Size by Application
4.1 Global Electric Bus Historic Market Review by Application (2020-2025)
4.1.1 Global Electric Bus Sales by Application (2020-2025)
4.1.2 Global Electric Bus Revenue by Application (2020-2025)
4.1.3 Global Electric Bus Price by Application (2020-2025)
4.2 Global Electric Bus Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Electric Bus Sales Forecast by Application (2026-2031)
4.2.2 Global Electric Bus Revenue Forecast by Application (2026-2031)
4.2.3 Global Electric Bus Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Electric Bus Application
5 Competition Landscape by Players
5.1 Global Electric Bus Sales by Players (2020-2025)
5.2 Global Top Electric Bus Players by Revenue (2020-2025)
5.3 Global Electric Bus Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Bus as of 2024)
5.4 Global Electric Bus Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Electric Bus, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Electric Bus, Product Type & Application
5.7 Global Key Manufacturers of Electric Bus, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Electric Bus Sales by Company
6.1.1.1 North America Electric Bus Sales by Company (2020-2025)
6.1.1.2 North America Electric Bus Revenue by Company (2020-2025)
6.1.2 North America Electric Bus Sales Breakdown by Type (2020-2025)
6.1.3 North America Electric Bus Sales Breakdown by Application (2020-2025)
6.1.4 North America Electric Bus Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Electric Bus Sales by Company
6.2.1.1 Europe Electric Bus Sales by Company (2020-2025)
6.2.1.2 Europe Electric Bus Revenue by Company (2020-2025)
6.2.2 Europe Electric Bus Sales Breakdown by Type (2020-2025)
6.2.3 Europe Electric Bus Sales Breakdown by Application (2020-2025)
6.2.4 Europe Electric Bus Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Electric Bus Sales by Company
6.3.1.1 China Electric Bus Sales by Company (2020-2025)
6.3.1.2 China Electric Bus Revenue by Company (2020-2025)
6.3.2 China Electric Bus Sales Breakdown by Type (2020-2025)
6.3.3 China Electric Bus Sales Breakdown by Application (2020-2025)
6.3.4 China Electric Bus Major Customer
6.3.5 China Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Yutong
7.1.1 Yutong Company Information
7.1.2 Yutong Business Overview
7.1.3 Yutong Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Yutong Electric Bus Products Offered
7.1.5 Yutong Recent Development
7.2 DFAC
7.2.1 DFAC Company Information
7.2.2 DFAC Business Overview
7.2.3 DFAC Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.2.4 DFAC Electric Bus Products Offered
7.2.5 DFAC Recent Development
7.3 BYD
7.3.1 BYD Company Information
7.3.2 BYD Business Overview
7.3.3 BYD Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.3.4 BYD Electric Bus Products Offered
7.3.5 BYD Recent Development
7.4 King Long
7.4.1 King Long Company Information
7.4.2 King Long Business Overview
7.4.3 King Long Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.4.4 King Long Electric Bus Products Offered
7.4.5 King Long Recent Development
7.5 Zhong Tong
7.5.1 Zhong Tong Company Information
7.5.2 Zhong Tong Business Overview
7.5.3 Zhong Tong Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Zhong Tong Electric Bus Products Offered
7.5.5 Zhong Tong Recent Development
7.6 Foton
7.6.1 Foton Company Information
7.6.2 Foton Business Overview
7.6.3 Foton Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Foton Electric Bus Products Offered
7.6.5 Foton Recent Development
7.7 ANKAI
7.7.1 ANKAI Company Information
7.7.2 ANKAI Business Overview
7.7.3 ANKAI Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.7.4 ANKAI Electric Bus Products Offered
7.7.5 ANKAI Recent Development
7.8 Guangtong
7.8.1 Guangtong Company Information
7.8.2 Guangtong Business Overview
7.8.3 Guangtong Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Guangtong Electric Bus Products Offered
7.8.5 Guangtong Recent Development
7.9 Nanjing Gold Dragon
7.9.1 Nanjing Gold Dragon Company Information
7.9.2 Nanjing Gold Dragon Business Overview
7.9.3 Nanjing Gold Dragon Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Nanjing Gold Dragon Electric Bus Products Offered
7.9.5 Nanjing Gold Dragon Recent Development
7.10 Volvo
7.10.1 Volvo Company Information
7.10.2 Volvo Business Overview
7.10.3 Volvo Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Volvo Electric Bus Products Offered
7.10.5 Volvo Recent Development
7.11 New Flyer
7.11.1 New Flyer Company Information
7.11.2 New Flyer Business Overview
7.11.3 New Flyer Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.11.4 New Flyer Electric Bus Products Offered
7.11.5 New Flyer Recent Development
7.12 Daimler
7.12.1 Daimler Company Information
7.12.2 Daimler Business Overview
7.12.3 Daimler Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Daimler Electric Bus Products Offered
7.12.5 Daimler Recent Development
7.13 Gillig
7.13.1 Gillig Company Information
7.13.2 Gillig Business Overview
7.13.3 Gillig Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Gillig Electric Bus Products Offered
7.13.5 Gillig Recent Development
7.14 CRRC Electric Vehicle
7.14.1 CRRC Electric Vehicle Company Information
7.14.2 CRRC Electric Vehicle Business Overview
7.14.3 CRRC Electric Vehicle Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.14.4 CRRC Electric Vehicle Electric Bus Products Offered
7.14.5 CRRC Electric Vehicle Recent Development
7.15 Higer Bus
7.15.1 Higer Bus Company Information
7.15.2 Higer Bus Business Overview
7.15.3 Higer Bus Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Higer Bus Electric Bus Products Offered
7.15.5 Higer Bus Recent Development
7.16 King Long Motor Group
7.16.1 King Long Motor Group Company Information
7.16.2 King Long Motor Group Business Overview
7.16.3 King Long Motor Group Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.16.4 King Long Motor Group Electric Bus Products Offered
7.16.5 King Long Motor Group Recent Development
7.17 Proterra
7.17.1 Proterra Company Information
7.17.2 Proterra Business Overview
7.17.3 Proterra Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Proterra Electric Bus Products Offered
7.17.5 Proterra Recent Development
7.18 VDL Bus & Coach
7.18.1 VDL Bus & Coach Company Information
7.18.2 VDL Bus & Coach Business Overview
7.18.3 VDL Bus & Coach Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.18.4 VDL Bus & Coach Electric Bus Products Offered
7.18.5 VDL Bus & Coach Recent Development
7.19 Solaris Bus & Coach
7.19.1 Solaris Bus & Coach Company Information
7.19.2 Solaris Bus & Coach Business Overview
7.19.3 Solaris Bus & Coach Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Solaris Bus & Coach Electric Bus Products Offered
7.19.5 Solaris Bus & Coach Recent Development
7.20 EBUSCO
7.20.1 EBUSCO Company Information
7.20.2 EBUSCO Business Overview
7.20.3 EBUSCO Electric Bus Sales, Revenue and Gross Margin (2020-2025)
7.20.4 EBUSCO Electric Bus Products Offered
7.20.5 EBUSCO Recent Development
8 Electric Bus Manufacturing Cost Analysis
8.1 Electric Bus Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Electric Bus
8.4 Electric Bus Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Electric Bus Distributors List
9.3 Electric Bus Customers
10 Electric Bus Market Dynamics
10.1 Electric Bus Industry Trends
10.2 Electric Bus Market Drivers
10.3 Electric Bus Market Challenges
10.4 Electric Bus Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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