Electric Intercity Bus Market size is estimated to be USD 1.7 Billion in 2024 and is expected to reach USD 5.4 Billion by 2033 at a CAGR of 14% from 2026 to 2033.
The global Electric Intercity Bus Market was valued at approximately USD 5.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2030. The markets growth is driven by increasing demand for sustainable and eco friendly transportation solutions, particularly in regions with stringent environmental regulations. The growing focus on reducing carbon emissions, coupled with the adoption of electric vehicles (EVs) in public transport systems, is a key driver. Additionally, the technological advancements in battery performance and government initiatives supporting electric vehicle infrastructure contribute to the markets positive outlook.
In terms of regional analysis, Europe holds a significant share of the Electric Intercity Bus Market, accounting for approximately 40% of the global market in 2022. This is primarily due to the aggressive adoption of electric buses in countries such as the UK, Germany, and the Netherlands, where sustainable transport policies are being actively implemented. North America, especially the United States, is another prominent market, with a market share of around 30% in 2022. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by the increasing demand for electric buses in countries like China and India, which are investing heavily in clean energy solutions and electric vehicle infrastructure. The market in the Asia Pacific region is projected to grow at a CAGR of 16.2% through 2030.
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AB Volvo
BYD Company Ltd.
Ebusco
EvoBus GmbH
Mitra Mobility Solution
Motor Coach Industries (MCI)
PT MOBIL ANAK BANGSA (MAB)
Scania
Solaris Bus & Coach sp. z o.o.
YANGZHOU ASIASTAR BUS CO.
LTD.
Yinlong
YUTONG
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Intercity Bus Market
Standard buses
Double-decker buses
Articulated buses
Luxury coaches
Lithium-ion batteries
Solid-state batteries
Lead-acid batteries
Others
Short buses (< 30 feet)
Medium buses (30-40 feet)
Long buses (> 40 feet)
Up to 30 passengers
31-40 passengers
41-50 passengers
More than 50 passengers
Regular intercity transport
Tourism services
Corporate transportation
School and institutional transport
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Intercity Bus Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Intercity Bus Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Intercity Bus Market, By Type
6. Global Electric Intercity Bus Market, By Application
7. Global Electric Intercity Bus Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electric Intercity Bus Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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