The Latin America, Middle East and Africa Electric Bus Market would witness market growth of 24.2% CAGR during the forecast period (2023-2030).
City buses are the major source of black carbon emissions in the transportation sector. In order to design and plan low-emission transportation networks for the general public that include electric buses, the UNEP is offering technical and policy help to many cities in Latin America, and Africa. In addition, the UNEP has offered technical assistance to locate and remove roadblocks and promotes the adoption and development of clean buses to win over the public. This help has been made possible by the International Clean Transportation Council (ICCT) along with regional partners. In the coming years, the expansion of the market is anticipated to be driven by these government initiatives.
The cost of operating buses is further reduced because the energy used to power them is less expensive than diesel. The overall costs of BEVs are anticipated to drop significantly with improvements in battery technology and ongoing battery price declines. In the upcoming years, it's anticipated that public transportation systems will buy 100% battery-electric buses at an even faster rate, bolstering the expansion of the market.
Saudi Arabia was responsible for more than 52% of GCC auto sales in 2020, according to a report published by International Trade Administration in 2021. In Saudi Arabia, 436,000 automobiles were sold overall in 2020. The National Industrial Development Center (NIDC) is looking to bring in three to four Original Equipment Manufacturers (OEMs) from all points along the ICE and EV value chain to help meet its 2030 goal of producing 300,000 vehicles annually with 40% local content. According to the Saudi Arabia’s Government, one of the Transport General Authority (TGA) projects being carried out in collaboration with Al Madinah Region Development Authority (MDA) and the local government is the new electric bus for the Madinah region. Hence, the market will rise over the future years due to all these factors.
The Brazil market dominated the LAMEA Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,305.4 Million by 2030. The Argentina market is estimated to grow a CAGR of 24.8% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 23.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
By End-Use
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Electric Bus Market, by Battery Type
1.4.2 LAMEA Electric Bus Market, by Vehicle
1.4.3 LAMEA Electric Bus Market, by Application
1.4.4 LAMEA Electric Bus Market, by End-Use
1.4.5 LAMEA 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. LAMEA Electric Bus Market by Battery Type
4.1 LAMEA Lithium Iron Phosphate Market by Country
4.2 LAMEA Lithium Nickel Manganese Cobalt Oxide Market by Country
Chapter 5. LAMEA Electric Bus Market by Vehicle
5.1 LAMEA Battery Electric Vehicle Market by Country
5.2 LAMEA Plug-in Hybrid Electric Vehicle Market by Country
5.3 LAMEA Fuel Cell Electric Vehicle Market by Country
Chapter 6. LAMEA Electric Bus Market by Application
6.1 LAMEA Intercity Market by Country
6.2 LAMEA Intracity Market by Country
Chapter 7. LAMEA Electric Bus Market by End-use
7.1 LAMEA Public Market by Country
7.2 LAMEA Private Market by Country
Chapter 8. LAMEA Electric Bus Market by Country
8.1 Brazil Electric Bus Market
8.1.1 Brazil Electric Bus Market by Battery Type
8.1.2 Brazil Electric Bus Market by Vehicle
8.1.3 Brazil Electric Bus Market by Application
8.1.4 Brazil Electric Bus Market by End-use
8.2 Argentina Electric Bus Market
8.2.1 Argentina Electric Bus Market by Battery Type
8.2.2 Argentina Electric Bus Market by Vehicle
8.2.3 Argentina Electric Bus Market by Application
8.2.4 Argentina Electric Bus Market by End-use
8.3 UAE Electric Bus Market
8.3.1 UAE Electric Bus Market by Battery Type
8.3.2 UAE Electric Bus Market by Vehicle
8.3.3 UAE Electric Bus Market by Application
8.3.4 UAE Electric Bus Market by End-use
8.4 Saudi Arabia Electric Bus Market
8.4.1 Saudi Arabia Electric Bus Market by Battery Type
8.4.2 Saudi Arabia Electric Bus Market by Vehicle
8.4.3 Saudi Arabia Electric Bus Market by Application
8.4.4 Saudi Arabia Electric Bus Market by End-use
8.5 South Africa Electric Bus Market
8.5.1 South Africa Electric Bus Market by Battery Type
8.5.2 South Africa Electric Bus Market by Vehicle
8.5.3 South Africa Electric Bus Market by Application
8.5.4 South Africa Electric Bus Market by End-use
8.6 Nigeria Electric Bus Market
8.6.1 Nigeria Electric Bus Market by Battery Type
8.6.2 Nigeria Electric Bus Market by Vehicle
8.6.3 Nigeria Electric Bus Market by Application
8.6.4 Nigeria Electric Bus Market by End-use
8.7 Rest of LAMEA Electric Bus Market
8.7.1 Rest of LAMEA Electric Bus Market by Battery Type
8.7.2 Rest of LAMEA Electric Bus Market by Vehicle
8.7.3 Rest of LAMEA Electric Bus Market by Application
8.7.4 Rest of LAMEA 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 LAMEA Electric Bus Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 8 LAMEA Lithium Iron Phosphate Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Lithium Iron Phosphate Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Lithium Nickel Manganese Cobalt Oxide Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Lithium Nickel Manganese Cobalt Oxide Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 13 LAMEA Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 14 LAMEA Battery Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Battery Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Plug-in Hybrid Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Plug-in Hybrid Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Fuel Cell Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Fuel Cell Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 21 LAMEA Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 22 LAMEA Intercity Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Intercity Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Intracity Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Intracity Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 27 LAMEA Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 28 LAMEA Public Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Public Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Private Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Private Market by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA Electric Bus Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Electric Bus Market by Country, 2023 - 2030, USD Million
TABLE 34 Brazil Electric Bus Market, 2019 - 2022, USD Million
TABLE 35 Brazil Electric Bus Market, 2023 - 2030, USD Million
TABLE 36 Brazil Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 37 Brazil Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 38 Brazil Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 39 Brazil Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 40 Brazil Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 41 Brazil Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 42 Brazil Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 43 Brazil Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 44 Argentina Electric Bus Market, 2019 - 2022, USD Million
TABLE 45 Argentina Electric Bus Market, 2023 - 2030, USD Million
TABLE 46 Argentina Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 47 Argentina Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 48 Argentina Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 49 Argentina Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 50 Argentina Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 51 Argentina Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 52 Argentina Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 53 Argentina Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 54 UAE Electric Bus Market, 2019 - 2022, USD Million
TABLE 55 UAE Electric Bus Market, 2023 - 2030, USD Million
TABLE 56 UAE Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 57 UAE Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 58 UAE Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 59 UAE Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 60 UAE Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 61 UAE Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 62 UAE Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 63 UAE Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 64 Saudi Arabia Electric Bus Market, 2019 - 2022, USD Million
TABLE 65 Saudi Arabia Electric Bus Market, 2023 - 2030, USD Million
TABLE 66 Saudi Arabia Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 67 Saudi Arabia Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 68 Saudi Arabia Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 69 Saudi Arabia Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 70 Saudi Arabia Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 71 Saudi Arabia Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 72 Saudi Arabia Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 73 Saudi Arabia Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 74 South Africa Electric Bus Market, 2019 - 2022, USD Million
TABLE 75 South Africa Electric Bus Market, 2023 - 2030, USD Million
TABLE 76 South Africa Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 77 South Africa Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 78 South Africa Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 79 South Africa Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 80 South Africa Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 81 South Africa Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 82 South Africa Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 83 South Africa Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 84 Nigeria Electric Bus Market, 2019 - 2022, USD Million
TABLE 85 Nigeria Electric Bus Market, 2023 - 2030, USD Million
TABLE 86 Nigeria Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 87 Nigeria Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 88 Nigeria Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 89 Nigeria Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 90 Nigeria Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 91 Nigeria Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 92 Nigeria Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 93 Nigeria Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 94 Rest of LAMEA Electric Bus Market, 2019 - 2022, USD Million
TABLE 95 Rest of LAMEA Electric Bus Market, 2023 - 2030, USD Million
TABLE 96 Rest of LAMEA Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 97 Rest of LAMEA Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 98 Rest of LAMEA Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 99 Rest of LAMEA Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 100 Rest of LAMEA Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 101 Rest of LAMEA Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 102 Rest of LAMEA Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 103 Rest of LAMEA 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 LAMEA Electric Bus Market share by Battery Type, 2022
FIG 6 LAMEA Electric Bus Market share by Battery Type, 2030
FIG 7 LAMEA Electric Bus Market by Battery Type, 2019 - 2030, USD Million
FIG 8 LAMEA Electric Bus Market share by Vehicle, 2022
FIG 9 LAMEA Electric Bus Market share by Vehicle, 2030
FIG 10 LAMEA Electric Bus Market by Vehicle, 2019 - 2030, USD Million
FIG 11 LAMEA Electric Bus Market share by Application, 2022
FIG 12 LAMEA Electric Bus Market share by Application, 2030
FIG 13 LAMEA Electric Bus Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Electric Bus Market share by End-use, 2022
FIG 15 LAMEA Electric Bus Market share by End-use, 2030
FIG 16 LAMEA Electric Bus Market by End-use, 2019 - 2030, USD Million
FIG 17 LAMEA Electric Bus Market share by Country, 2022
FIG 18 LAMEA Electric Bus Market share by Country, 2030
FIG 19 LAMEA 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