Electric Bus Motor Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 12.1 Billion by 2030, growing at a CAGR of 20.8% from 2024 to 2030.
The electric bus motor market was valued at approximately $3.4 billion in 2022 and is projected to experience substantial growth in the coming years. With a compound annual growth rate (CAGR) of around 15.2%, the market is expected to reach approximately $7.4 billion by 2027. This robust growth is driven by increasing government initiatives to reduce emissions and the rising adoption of electric buses across urban areas worldwide. The expansion of public transportation infrastructure and advancements in battery technology further bolster the market's potential.Emerging markets present significant opportunities for growth in the electric bus motor sector. Regions such as Asia-Pacific and Latin America are expected to witness considerable investment and development due to their rapidly urbanizing populations and supportive regulatory frameworks. The focus on sustainable transportation solutions and incentives for electric vehicle adoption in these markets create a fertile ground for the expansion of electric bus motor technologies. As these emerging economies continue to prioritize environmental sustainability, the demand for electric bus motors is likely to accelerate, providing ample growth opportunities for industry stakeholders.
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Fukuta
BYD
Broad Ocean
ZF Friedrichshafen AG
Bosch
Jing-Jin Electric (JJE)
Anhui JEE
Mitsubishi Motors Corporation
Hitachi
USES
HASCO
MAGNA
Shenzhen Greatland Electrics Inc Hepu Power
Zhejiang Founder Motor Co.
Ltd
Zhuhai Inpower
Denso
Tesla Motors
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Bus Motor Market
PHEV
BEV
Based on Types the Market is categorized into Below types that held the largest Electric Bus Motor market share In 2023.
Permanent Magnet Synchronous Motor
Asynchronous Motor
Others
Global (United States, Global 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 Bus Motor 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 Bus Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Bus Motor Market, By Type
6. Global Electric Bus Motor Market, By Application
7. Global Electric Bus Motor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Bus Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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