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The China electric bus market size reached approximately USD 34.03 billion in 2023. The market is further projected to grow at a CAGR of 11.1% between 2024 and 2032, reaching a value of USD 87.80 billion by 2032.
Electric buses refer to buses whose accessory and propulsion systems are powered with the help of a zero-emission electricity source. The source of electricity includes hydrogen-fuel cells, onboard batteries, and ground-based non-contact conductors, among others. These buses aid in reducing noise and air pollution, enhancing the travelling conditions for passengers.
On the basis of propulsion, the market is divided into battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle. Based on length, the market is classified into less than 9 meters, 9-14 meters, and above 14 meters.
On the basis of power output, the market is bifurcated into up to 250kW and above 250 kW. Based on battery capacity, the market is segregated into up to 400kWh and above 400 kWh. On the basis of application, the market is categorised into intercity and intracity. Based on ownership, the market is segmented into private and government.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the China electric bus market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Intercity applications are anticipated to account for a significant China electric bus market share over the forecast period. This growth can be attributed to the increasing requirement for public transport and rising adoption of electric buses by universities, schools, and businesses due to rising environmental awareness. The increasing investments by the government towards the enhancement of charging infrastructure is further bolstering the adoption of electric buses for intercity travel.
The government segment is witnessing significant growth owing to rising emphasis towards the reduction of greenhouse gas emissions and low operation costs of electric vehicles, including electric buses. The shifting preference for public transportation due to increasing traffic and high operating and maintenance cost of personal vehicles is boosting the China electric bus market demand. The rising initiatives by the government to reduce the dependency upon fossil fuels and curb noise and air pollution is supporting the segment growth.
Zhengzhou Yutong Bus Co., Ltd. is one of the leading modern furniture manufacturing companies that was founded in 1997 and is headquartered in Zhengzhou, China. The company specialises in airfield buses, auto parts, school buses, and new energy buses, among others.
Anhui Ankai Automobile Co. Ltd. is an automotive manufacturing company involved in the production of coaches, buses, and automotive components, among others. The company was founded in 1997 and is headquartered in Anhui, China.
Xiamen King Long Motor Group Co., Ltd. is an automotive company involved in the distribution and manufacture of passenger buses. The company was founded in 1988 and is headquartered in Fujian, China. The company also produces coaches and mini vans, among others.
Other China electric bus market key players include BYD Company Limited, AB Volvo, Dongfeng Motor Corporation, Liaoning SG Automotive Group Co., Ltd., Higer Bus Company Limited, Zhongtong Bus Holding Co., Ltd., Yangzhou Yaxing Motor Coach Co., Ltd., and Yinlong Energy International Pte Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Propulsion |
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Breakup by Length |
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Breakup by Power Output |
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Breakup by Battery Capacity |
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Breakup by Application |
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Breakup by Ownership |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Electric Bus Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Electric Bus Historical Market (2018-2023)
8.3 Asia Pacific Electric Bus Market Forecast (2024-2032)
8.4 Asia Pacific Electric Bus Market breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 China Electric Bus Market Overview
9.1 Key Industry Highlights
9.2 China Electric Bus Historical Market (2018-2023)
9.3 China Electric Bus Market Forecast (2024-2032)
10 China Electric Bus Market by Propulsion
10.1 Battery Electric Vehicle
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Plug-in Hybrid Electric Vehicle
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fuel Cell Electric Vehicle
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 China Electric Bus Market by Length
11.1 Less Than 9 Meters
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 9-14 Meters
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 14 Meters
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 China Electric Bus Market by Power Output
12.1 Up to 250kW
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Above 250kW
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 China Electric Bus Market by Battery Capacity
13.1 Up to 400 kWh
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Above 400 kWh
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 China Electric Bus Market by Application
14.1 Intercity
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Intracity
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 China Electric Bus Market by Ownership
15.1 Private
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Government
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BYD Company Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Zhengzhou Yutong Bus Co., Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Anhui Ankai Automobile Co. Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Xiamen King Long Motor Group Co., Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 AB Volvo
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Dongfeng Motor Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Liaoning SG Automotive Group Co., Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Higer Bus Company Limited
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Zhongtong Bus Holding Co., Ltd.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Yangzhou Yaxing Motor Coach Co., Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Yinlong Energy International Pte Ltd.
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Electric Bus Market: Key Industry Highlights, 2018 and 2032
2. China Electric Bus Market: Key Industry Highlights, 2018 and 2032
3. China Electric Bus Historical Market: Breakup by Propulsion (USD Billion), 2018-2023
4. China Electric Bus Market Forecast: Breakup by Propulsion (USD Billion), 2024-2032
5. China Electric Bus Historical Market: Breakup by Length (USD Billion), 2018-2023
6. China Electric Bus Market Forecast: Breakup by Length (USD Billion), 2024-2032
7. China Electric Bus Historical Market: Breakup by Power Output (USD Billion), 2018-2023
8. China Electric Bus Market Forecast: Breakup by Power Output (USD Billion), 2024-2032
9. China Electric Bus Historical Market: Breakup by Battery Capacity (USD Billion), 2018-2023
10. China Electric Bus Market Forecast: Breakup by Battery Capacity (USD Billion), 2024-2032
11. China Electric Bus Historical Market: Breakup by Application (USD Billion), 2018-2023
12. China Electric Bus Market Forecast: Breakup by Application (USD Billion), 2024-2032
13. China Electric Bus Historical Market: Breakup by Ownership (USD Billion), 2018-2023
14. China Electric Bus Market Forecast: Breakup by Ownership (USD Billion), 2024-2032
15. China Electric Bus Market Structure
The market reached a value of approximately USD 34.03 billion in 2023.
The market is projected to grow at a CAGR of 11.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 87.80 billion by 2032.
The major market drivers include increasing environmental awareness and rising investments by the government towards the development of charging infrastructure.
The key trends fuelling the growth of the market include growing initiatives and investments by various manufactures to develop hydrogen cell powered electric buses and rising adoption by travel and tourism, transportation, and education sectors.
The major applications of electric buses include intercity and intracity.
The different propulsion types include battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.
The key players in the market are BYD Company Limited, Zhengzhou Yutong Bus Co., Ltd., Anhui Ankai Automobile Co. Ltd., Xiamen King Long Motor Group Co., Ltd., AB Volvo, Dongfeng Motor Corporation, Liaoning SG Automotive Group Co., Ltd., Higer Bus Company Limited, Zhongtong Bus Holding Co., Ltd., Yangzhou Yaxing Motor Coach Co., Ltd., and Yinlong Energy International Pte Ltd., among others.
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