The United States electric bus market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 12.9% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "United States Electric
Bus Market: Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the United States electric bus market size reached US$
1.9 Billion in 2023.
An electric bus, also known as an e-bus, refers to a vehicle operating using
electric motors instead of the conventional internal combustion engine (ICE). It
is usually driven by onboard electric motors that receive power from a set of
batteries.
It can also function through an external energy source, including a power grid.
In recent years, electric buses have gained momentum in the United States
due to their eco-friendly nature, quiet operations, low to zero emissions,
minimal maintenance, and long-term cost-effectiveness.
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states-electric-bus-market/requestsample
4. Report Description
United States Electric Bus Market Trends:
One of the primary factors driving the market is the lowering costs of lithium-ion (Li-ion) batteries, which are a
vital part of electric buses. Additionally, the rising environmental consciousness among the masses and the
growing concerns about the adverse effects of air pollution on human health are resulting in the need for
electrified transit systems and eco-friendly alternatives such as electric buses.
Other than this, the implementation of stringent emission control regulations across the country to promote zero-
emission vehicles is creating a positive market outlook. Besides this, the significant adoption of inductive
charging technology and the constant developments in electric bus charging technology are accelerating the
product demand. Other growth-inducing factors include increasing oil prices in the country, growing concerns over
the deletion of fossil fuels, and expanding disposable income levels of the masses.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/united-states-electric-bus-market
5. Report
Segmentation
Breakup by Propulsion Type:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Breakup by Battery Type:
• Lithium-ion Battery
• Nickel-Metal Hydride Battery (NiMH)
• Others
Breakup by Length:
• Less than 9 Meters
• 9-14 Meters
• Above 14 Meters
6. Report
Segmentation
Breakup by Range:
• Less than 200 Miles
• More than 200 Miles
Breakup by Battery Capacity:
• Up to 400 kWh
• Above 400 kWh
Breakup by Region:
• Northeast
• Midwest
• South
• West
7. Key Questions
Answered in
the Report
How has the United States electric bus market performed so
far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States
electric bus market?
What are the key regional markets?
What is the breakup of the market based on the propulsion
type?
What is the breakup of the market based on the battery type?
What is the breakup of the market based on the length?
What is the breakup of the market based on the range?
8. Key Questions
Answered in
the Report
What is the breakup of the market based on the battery
capacity?
What are the various stages in the value chain of the
industry?
What are the key driving factors and challenges in the
industry?
What is the structure of the United States electric bus market
and who are the key players?
What is the degree of competition in the industry?
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 United States Electric Bus Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Propulsion Type
6.1 Battery Electric Vehicle (BEV)
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Fuel Cell Electric Vehicle (FCEV)
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Plug -in Hybrid Electric Vehicle (PHEV)
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Battery Type
10. Table of
Contents
7.1 Lithium-ion Battery
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Nick el-Metal Hydride Battery (NiMH)
7.2.1 Market Trends
7.2.2 Mark et Forecast
7.3 Others
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Length
8.1 Less than 9 Meters
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 9-14 Meters
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Above 14 Meters
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
9 Market Breakup by Range
9.1 Less than 200 Miles
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 More than 200 Miles
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
10 Market Breakup by Battery Capacity
10.1 Up to 400 kW h
10.1.1 Mark et Trends
10.1.2 Mark et Forecast
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market/toc