Asia Pacific Electric Bus Market Size, Share & Industry Trends Analysis Report By Battery Type, By Vehicle, By Application (Intercity, and Intracity), By End-use (Public, and Private), By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Electric Bus Market would witness market growth of 21.1% CAGR during the forecast period (2023-2030).

As economies develop, transportation activity rises, which also causes the sector's emissions to rise. Electric vehicles have undergone tremendous technological advancements over the past 20 years, which have decreased their costs, lessened their environmental impact, and boosted their utility. As a result, the demand for electric vehicles like electric buses has increased as shared mobility and public transportation are also essential components of effective transportation.

The demand for electric buses on the market is further fueled by several initiatives taken by automakers to invest in the manufacturing of electric buses powered by hydrogen fuel cells. Further, it is predicted that during the projection period, multiple opportunities will be presented to the stakeholders due to increased technological improvements in terms of expanding mobility range and the construction of fast-charging infrastructure.

In the region, several nations have decided to implement sustainable mobility in their national public transportation systems. For instance, the Maharashtra State Road Transport Corporation and other cities in India have introduced electric buses. Using upfront subsidies and the development of EV charging infrastructure, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India II) Scheme aims to increase demand for electric vehicles (EVs). According to the Government of India, a total of 7,090 electric buses would receive subsidies as part of FAME II. Under FAME II, Rs 1000 crore has also been set aside to install EV charging stations. 835 electric buses have been deployed in calendar year 2021 so far. As a result of the convergence of the aforementioned variables, electric bus purchases in the Asia Pacific are predicted to expand at a robust pace.

The China market dominated the Asia Pacific Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,899.2 Million by 2030. The Japan market is experiencing a CAGR of 20.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 21.9% during (2023 - 2030).

Based on Battery Type, the market is segmented into Lithium Iron Phosphate, and Lithium Nickel Manganese Cobalt Oxide. Based on Vehicle, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. Based on Application, the market is segmented into Intercity, and Intracity. Based on End-use, the market is segmented into Public, and Private. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Electric Bus Market is Projected to reach USD 121.2 Billion by 2030, at a CAGR of 20.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BYD Company Ltd., Volvo Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.), Volkswagen AG, Nissan Motor Co., Ltd, Ashok Leyland Limited (Hinduja Group Ltd.), Mercedes-Benz Group AG (Daimler Truck Holding AG), Yutong Bus Co., Ltd., Tata Motors Limited (Tata Group) and Hyundai Motor Company.

Scope of the Study

Market Segments Covered in the Report:

By Battery Type

• Lithium Iron Phosphate
• Lithium Nickel Manganese Cobalt Oxide

By Vehicle

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle

By Application

• Intercity
• Intracity

By End-Use

• Public
• Private

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• BYD Company Ltd.
• Volvo Group
• Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
• Volkswagen AG
• Nissan Motor Co., Ltd
• Ashok Leyland Limited (Hinduja Group Ltd.)
• Mercedes-Benz Group AG (Daimler Truck Holding AG)
• Yutong Bus Co., Ltd.
• Tata Motors Limited (Tata Group)
• Hyundai Motor Company

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electric Bus Market, by Battery Type
1.4.2 Asia Pacific Electric Bus Market, by Vehicle
1.4.3 Asia Pacific Electric Bus Market, by Application
1.4.4 Asia Pacific Electric Bus Market, by End-Use
1.4.5 Asia Pacific Electric Bus Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr – 2023, Jun) Leading Players

Chapter 4. Asia Pacific Electric Bus Market by Battery Type
4.1 Asia Pacific Lithium Iron Phosphate Market by Country
4.2 Asia Pacific Lithium Nickel Manganese Cobalt Oxide Market by Country

Chapter 5. Asia Pacific Electric Bus Market by Vehicle
5.1 Asia Pacific Battery Electric Vehicle Market by Country
5.2 Asia Pacific Plug-in Hybrid Electric Vehicle Market by Country
5.3 Asia Pacific Fuel Cell Electric Vehicle Market by Country

Chapter 6. Asia Pacific Electric Bus Market by Application
6.1 Asia Pacific Intercity Market by Country
6.2 Asia Pacific Intracity Market by Country

Chapter 7. Asia Pacific Electric Bus Market by End-use
7.1 Asia Pacific Public Market by Country
7.2 Asia Pacific Private Market by Country

Chapter 8. Asia Pacific Electric Bus Market by Country
8.1 China Electric Bus Market
8.1.1 China Electric Bus Market by Battery Type
8.1.2 China Electric Bus Market by Vehicle
8.1.3 China Electric Bus Market by Application
8.1.4 China Electric Bus Market by End-use
8.2 Japan Electric Bus Market
8.2.1 Japan Electric Bus Market by Battery Type
8.2.2 Japan Electric Bus Market by Vehicle
8.2.3 Japan Electric Bus Market by Application
8.2.4 Japan Electric Bus Market by End-use
8.3 India Electric Bus Market
8.3.1 India Electric Bus Market by Battery Type
8.3.2 India Electric Bus Market by Vehicle
8.3.3 India Electric Bus Market by Application
8.3.4 India Electric Bus Market by End-use
8.4 South Korea Electric Bus Market
8.4.1 South Korea Electric Bus Market by Battery Type
8.4.2 South Korea Electric Bus Market by Vehicle
8.4.3 South Korea Electric Bus Market by Application
8.4.4 South Korea Electric Bus Market by End-use
8.5 Singapore Electric Bus Market
8.5.1 Singapore Electric Bus Market by Battery Type
8.5.2 Singapore Electric Bus Market by Vehicle
8.5.3 Singapore Electric Bus Market by Application
8.5.4 Singapore Electric Bus Market by End-use
8.6 Malaysia Electric Bus Market
8.6.1 Malaysia Electric Bus Market by Battery Type
8.6.2 Malaysia Electric Bus Market by Vehicle
8.6.3 Malaysia Electric Bus Market by Application
8.6.4 Malaysia Electric Bus Market by End-use
8.7 Rest of Asia Pacific Electric Bus Market
8.7.1 Rest of Asia Pacific Electric Bus Market by Battery Type
8.7.2 Rest of Asia Pacific Electric Bus Market by Vehicle
8.7.3 Rest of Asia Pacific Electric Bus Market by Application
8.7.4 Rest of Asia Pacific Electric Bus Market by End-use

Chapter 9. Company Profiles
9.1 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.2 Ashok Leyland Limited (Hinduja Group Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Mercedes-Benz Group AG (Daimler Truck Holding AG)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Yutong Bus Co., Ltd.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.5 BYD Company Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Volvo Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Volkswagen AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Nissan Motor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Tata Motors Limited (Tata Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Hyundai Motor Company
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

TABLE 1 Asia Pacific Electric Bus Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Electric Bus Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Bus Market
TABLE 4 Product Launches And Product Expansions– Electric Bus Market
TABLE 5 Geographical Expansions– Electric Bus Market
TABLE 6 Asia Pacific Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 7 Asia Pacific Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 8 Asia Pacific Lithium Iron Phosphate Market by Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Lithium Iron Phosphate Market by Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Lithium Nickel Manganese Cobalt Oxide Market by Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific Lithium Nickel Manganese Cobalt Oxide Market by Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Battery Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Battery Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Plug-in Hybrid Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Plug-in Hybrid Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Fuel Cell Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Fuel Cell Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 22 Asia Pacific Intercity Market by Country, 2019 - 2022, USD Million
TABLE 23 Asia Pacific Intercity Market by Country, 2023 - 2030, USD Million
TABLE 24 Asia Pacific Intracity Market by Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific Intracity Market by Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 27 Asia Pacific Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 28 Asia Pacific Public Market by Country, 2019 - 2022, USD Million
TABLE 29 Asia Pacific Public Market by Country, 2023 - 2030, USD Million
TABLE 30 Asia Pacific Private Market by Country, 2019 - 2022, USD Million
TABLE 31 Asia Pacific Private Market by Country, 2023 - 2030, USD Million
TABLE 32 Asia Pacific Electric Bus Market by Country, 2019 - 2022, USD Million
TABLE 33 Asia Pacific Electric Bus Market by Country, 2023 - 2030, USD Million
TABLE 34 China Electric Bus Market, 2019 - 2022, USD Million
TABLE 35 China Electric Bus Market, 2023 - 2030, USD Million
TABLE 36 China Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 37 China Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 38 China Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 39 China Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 40 China Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 41 China Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 42 China Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 43 China Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 44 Japan Electric Bus Market, 2019 - 2022, USD Million
TABLE 45 Japan Electric Bus Market, 2023 - 2030, USD Million
TABLE 46 Japan Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 47 Japan Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 48 Japan Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 49 Japan Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 50 Japan Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 51 Japan Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 52 Japan Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 53 Japan Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 54 India Electric Bus Market, 2019 - 2022, USD Million
TABLE 55 India Electric Bus Market, 2023 - 2030, USD Million
TABLE 56 India Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 57 India Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 58 India Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 59 India Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 60 India Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 61 India Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 62 India Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 63 India Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 64 South Korea Electric Bus Market, 2019 - 2022, USD Million
TABLE 65 South Korea Electric Bus Market, 2023 - 2030, USD Million
TABLE 66 South Korea Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 67 South Korea Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 68 South Korea Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 69 South Korea Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 70 South Korea Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 71 South Korea Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 72 South Korea Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 73 South Korea Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 74 Singapore Electric Bus Market, 2019 - 2022, USD Million
TABLE 75 Singapore Electric Bus Market, 2023 - 2030, USD Million
TABLE 76 Singapore Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 77 Singapore Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 78 Singapore Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 79 Singapore Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 80 Singapore Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 81 Singapore Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 82 Singapore Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 83 Singapore Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 84 Malaysia Electric Bus Market, 2019 - 2022, USD Million
TABLE 85 Malaysia Electric Bus Market, 2023 - 2030, USD Million
TABLE 86 Malaysia Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 87 Malaysia Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 88 Malaysia Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 89 Malaysia Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 90 Malaysia Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 91 Malaysia Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 92 Malaysia Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 93 Malaysia Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 94 Rest of Asia Pacific Electric Bus Market, 2019 - 2022, USD Million
TABLE 95 Rest of Asia Pacific Electric Bus Market, 2023 - 2030, USD Million
TABLE 96 Rest of Asia Pacific Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 97 Rest of Asia Pacific Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 98 Rest of Asia Pacific Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 99 Rest of Asia Pacific Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 100 Rest of Asia Pacific Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 101 Rest of Asia Pacific Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 102 Rest of Asia Pacific Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 103 Rest of Asia Pacific Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 104 Key Information – Solaris Bus & Coach sp. z o.o.
TABLE 105 Key Information – Ashok Leyland Limited
TABLE 106 key information – Mercedes-Benz Group AG
TABLE 107 Key Information – Yutong Bus Co., Ltd.
TABLE 108 key Information – BYD Company Ltd.
TABLE 109 key Information – Volvo Group
TABLE 110 key Information – Volkswagen AG
TABLE 111 Key information – Nissan Motor Corporation
TABLE 112 Key Information – Tata Motors Limited
TABLE 113 key Information – Hyundai Motor Company

LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019,Apr – 2023, Jun) Leading Players
FIG 5 Asia Pacific Electric Bus Market share by Battery Type, 2022
FIG 6 Asia Pacific Electric Bus Market share by Battery Type, 2030
FIG 7 Asia Pacific Electric Bus Market by Battery Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Electric Bus Market share by Vehicle, 2022
FIG 9 Asia Pacific Electric Bus Market share by Vehicle, 2030
FIG 10 Asia Pacific Electric Bus Market by Vehicle, 2019 - 2030, USD Million
FIG 11 Asia Pacific Electric Bus Market share by Application, 2022
FIG 12 Asia Pacific Electric Bus Market share by Application, 2030
FIG 13 Asia Pacific Electric Bus Market by Application, 2019 - 2030, USD Million
FIG 14 Asia Pacific Electric Bus Market share by End-use, 2022
FIG 15 Asia Pacific Electric Bus Market share by End-use, 2030
FIG 16 Asia Pacific Electric Bus Market by End-use, 2019 - 2030, USD Million
FIG 17 Asia Pacific Electric Bus Market share by Country, 2022
FIG 18 Asia Pacific Electric Bus Market share by Country, 2030
FIG 19 Asia Pacific Electric Bus Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Daimler Truck Holding AG
FIG 21 SWOT ANALYSIS: Mercedes-Benz Group AG
FIG 22 Recent strategies and developments: BYD Company Ltd.
FIG 23 SWOT Analysis: Volvo Group
FIG 24 SWOT Analysis: Volkswagen AG
FIG 25 SWOT Analysis: Nissan Motor Corporation
FIG 26 Recent strategies and developments: Hyundai Motor Company
FIG 27 SWOT Analysis: Hyundai Motor Company