The global electric school bus market size reached US$ 27.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 281.1 Billion by 2032, exhibiting a growth rate (CAGR) of 29.51% during 2024-2032. More Info:- https://www.imarcgroup.com/electric-school-bus-market

1. Global Electric School
Bus Market Research
and Forecast Report
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Electric School Bus
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global electric school bus market size reached US$
27.4 Billion in 2023.
Electric school buses use electric motors instead of regular internal
combustion engines (ICEs) to ensure quiet operation, which allows the driver
to focus on the road. In addition to being powered by onboard electric motors
and a battery system, these buses can also operate using an external energy
source, such as a power grid.
When compared to conventional school buses that run on diesel, propane,
gasoline or compressed natural gas (CNG), these buses have very minimal
maintenance costs. Currently, they are widely used by schools to foster
sustainable development, reduce emissions, and generate additional income by
selling excess electricity to utility companies. Some of the numerous benefits
associated with electric school buses include high voltage, functional safety,
cold-weather performance, and reliability.
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4. Report Description
Global Electric School Bus Market Trends:
The global market is primarily driven by multiple favorable initiatives undertaken by government bodies of several
countries to create sustainable and fuel-efficient urban public transport systems. This can be attributed to the
increasing concerns regarding the depletion of fossil fuels. Additionally, the escalating demand for alternative
energy due to the rapidly fluctuating fuel prices is also resulting in the uptake of fuel-efficient and high-
performance school buses.
In line with this, continual technological advancements in the automotive industry, along with the easy availability
of electronic components and continually improving charging infrastructure, is providing an impetus to the market.
Some of the other factors contributing to the market include the lowering costs of lithium-ion (Li-ion) batteries,
inflating disposable income levels, rapid urbanization, and extensive research and development (R&D) activities
and mergers and acquisitions (M&As) conducted by key players.
Looking forward, the market value is projected to reach US$ 281.1 Billion by 2032, expanding at a CAGR of
29.51% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/electric-school-bus-market

5. Report
Segmentation
Breakup by Type:
• Battery Electric School Bus
• Hybrid School Bus
Breakup by Capacity Design Type:
• Type A
• Type C
• Type D
Breakup by Sales Channel:
• Direct Sales
• Distributor

6. Report
Segmentation
Breakup by Application:
• Preschool Education
• Primary School
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

7. Competitive
Landscape with
Key Players
• Beiqi Foton Motor Co. Ltd. (Beijing Automotive
Group Co. Ltd.)
• Blue Bird Corporation
• BYD Company Ltd.
• Collins Bus Corporation (REV Group Inc.)
• Dominion Energy Inc.
• Mercedes-Benz Group AG
• Navistar International Corporation (Traton
Group)
• The Lion Electric Company

8. Key Questions
Answered in
the Report
What is the expected growth rate of the global electric school
bus market during 2024-2032?
What are the key factors driving the global electric school bus
market?
What has been the impact of COVID-19 on the global electric
school bus market?
What is the breakup of the global electric school bus market
based on the type?
What is the breakup of the global electric school bus market
based on the capacity design type?
What is the breakup of the global electric school bus market
based on the sales channel?
What is the breakup of the global electric school bus market
based on the application?
What are the key regions in the global electric school bus
market?
Who are the key players/companies in the global electric
school bus market?

9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric School Bus Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Battery Electric School Bus
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Hybrid School Bus
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Capacity Design Type
7.1 Type A
7.1.1 Mark et Trends
7.1.2 Mark et Forecast

10. Table of
Contents
7.2 Type C
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Type D
7.3.1 Market Trends
7.3.2 Mark et Forecast
8 Market Breakup by Sales Channel
8.1 Direct Sales
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Distributor
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
9 Market Breakup by Application
9.1 Preschool Education
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Primary School
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
9.3 Others
9.3.1 Mark et Trends
9.3.2 Mark et Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Mark et Trends
10.1.1.2 Mark et Forecast
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11. Disclaimer
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the time of publishing. International Market Analysis Research and Consulting makes no
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