Electric School Bus Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Electric School 
Bus Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
IMARC Group is  a g lobal  management  consul t ing f i rm that  he lps the wor ld ’s  most  ambi t ious 
changemakers  to create a las t ing impact .  Across the s ix  major  cont inents  and 100+ count r ies ,  we 
work a longside our  bus iness par tners  as one team wi th  a common ambi t ion to achieve unparal le led 
resul ts ,  gain a compet i t ive edge,  and t ransform indust r ies .  IMARC Group excels  in  unders tanding 
i ts  c l ients ’  bus iness pr ior i t ies  and del iver ing ta i lored solut ions that  dr ive meaningfu l  outcomes.  Our 
c l ient  base spans over  3,000 organizat ions in  the pr ivate,  publ ic ,  and soc ia l  sectors ,  ranging f rom 
high-growth s tar tups to For tune 500 companies.
We prov ide a comprehensive sui te of  market  entry  and expansion serv ices.  Our of fer ings inc lude 
thorough market  assessment ,  feas ib i l i ty  s tudies,  company incorporat ion ass is tance,  fac tory  setup 
suppor t ,  regulatory  approvals and l icens ing navigat ion,  branding,  market ing and sales st rategies,  
compet i t ive landscape and benchmark ing analyses,  pr ic ing and cost  research,  and procurement  
research.  These serv ices are des igned to ass is t  companies in  evaluat ing market  oppor tuni t ies ,  
set t ing up new ent i t ies ,  navigat ing regulatory landscapes,  boost ing brand v is ib i l i ty ,  analyz ing 
compet i tors,  and opt imiz ing procurement  s t rategies.
A cc o r d i ng  t o  t h e  l a te s t  r e po r t  b y  I MA R C  Gr o u p ,  t i t l e d  " E l e c t r i c  S c h o o l  B u s  Ma r k e t :  
G l o b a l  I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  Gr o w th ,  O p p o r t u n i t y  a n d  F o r e c as t  2 0 2 4 -
20 3 2 , "  t h e  g l o b a l  e l e c t r i c  s c h oo l  b u s  ma r k e t  s i z e  r e a c h ed  U S $  2 7 . 4  B i l l i o n  i n  20 2 3 .
E l e c t r i c  s c h o o l  b u s e s  u s e  e l e c t r i c  m o t o rs  i ns t e a d  o f  r e g u l a r  i n t e r n a l  c o mb u s t i o n  
Report en g i n e s  ( I C E s )  t o  e n s u re  q u i e t  o p e r a t i o n ,  w h i c h  a l l o w s  th e  d r i v e r  t o  f oc u s  o n  t h e  r o a d .  
I n  a d d i t i on  t o  b e i ng  p o w er e d  b y  o n b oa r d  e l e c t r i c  m o to r s  an d  a  b a t t e r y  s ys t e m,  t h es e  
bu s e s  c an  a l s o  o p e r a t e  u s i ng  a n  e x t e r na l  e n e rg y  s o u r c e ,  s u c h  as  a  p ow e r  g r i d .  
Highlight and W h e n  c o mp a r e d  t o  c on v e n t i o na l  s c h oo l  b u se s  t h a t  r u n  on  d i e s e l ,  p r o p an e ,  g as o l i n e  o r  
co m p r es s e d  na t u r a l  ga s  ( C N G ) ,  t he s e  bu s e s  h a v e  v e r y  m i n i m a l  ma i n t e na n c e  c o s t s .  
Description C ur r e n t l y ,  t h e y  a r e  w i d e l y  u s ed  b y  s ch o o l s  t o  f o s t e r  s us t a i n a b l e  d e v e l o pm e n t ,  r e d u c e  em i s s i o ns ,  an d  ge n e r a te  a dd i t i o n a l  i n co m e  b y  s e l l i n g  e x ce s s  e l e c t r i c i t y  t o  u t i l i t y  
co m p a n i es .  S o m e  o f  t h e  n um e r ou s  b en e f i t s  a s s oc i a t e d  w i t h  e l e c t r i c  sc h o o l  b u se s  
i n c l u d e  h i gh  v o l t a g e ,  f un c t i on a l  s a f e t y ,  c o l d - w e a th e r  pe r f o r ma n c e ,  a n d  r e l i a b i l i t y .
R eq u e s t  f o r  a  P D F  sa m p le  o f  th i s  r ep o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / e l e c t r i c - sc h o o l -b u s - ma r k e t / r e q u e s t s a mp l e
Report Description
G l ob a l  E l ec t r i c  S choo l  Bus  M a rke t  T rend s :
The  g loba l  m ar ke t  i s  p r im ar i l y  d r i v en  b y  m u l t i p l e  f avo r ab le  i n i t i a t i ves  unde r t aken  by  gove r nm e n t  bod ies  o f  s eve r a l  
coun t r i es  t o  c r e a t e  s us t a i nab le  a nd  f u e l - e f f i c i en t  u r b an  pu b l i c  t r an spo r t  sys t e m s .  T h i s  can  b e  a t t r i bu t ed  t o  t he  i nc r eas in g  
conce r ns  r e ga r d i ng  t he  d ep le t i on  o f  f os s i l  f u e l s .  Add i t i ona l l y ,  t he  esca la t i n g  de m and  f o r  a l t e r n a t i ve  ene r gy  due  t o  t h e  
r ap id ly  f l u c t ua t i ng  f u e l  p r i ces  i s  a l s o  r es u l t i ng  i n  t h e  up t ake  o f  f ue l - e f f i c i en t  an d  h ig h - pe r f o r m ance  sch oo l  bu ses .  
I n  l i n e  w i t h  t h i s ,  con t i nua l  t echno log i ca l  adva ncem en t s  i n  t he  au t om o t i ve  in dus t r y ,  a long  w i t h  t he  e asy  ava i l ab i l i t y  o f  
e lec t r on i c  com pone n t s  and  con t i nua l l y  im p r ov ing  cha r g ing  in f r a s t r uc t u r e ,  i s  p r o v id ing  an  im pe t us  t o  t h e  m ar ke t .  Som e o f  
t he  o t he r  f ac t o r s  co n t r ib u t i n g  t o  t he  m ar ke t  i nc lu de  t h e  l owe r ing  cos t s  o f  l i t h i um - ion  ( L i - i on )  b a t t e r i es ,  i n f l a t i n g  
d i spos ab le  i nc om e  lev e l s ,  r ap id  u r ban iz a t i on ,  and  ex t e ns i ve  r es ea r ch  and  dev e lopm en t  ( R&D)  ac t i v i t i e s  an d  m er ge r s  a nd  
acqu is i t i ons  ( M &As)  cond uc t e d  by  k ey  p laye r s .
Look i ng  f o r w ard ,  t he  m arke t  v a l ue  i s  p ro j ec t ed  t o  reach  U S$  281 . 1  B i l l i on  by  2 032 ,  ex pand i ng  a t  a  CAG R  o f  29 . 51%  
dur i ng  20 24 - 2 032 .
V i ew  Repo r t  T O C,  F i g ures  and  T ab l e s :  h t t ps : / / w w w . i mar cgrou p . com / e l ec t r i c - sc hoo l - bus - mark e t
Breakup by Type:
• Battery Electr ic School  Bus
• Hybrid School  Bus
 
Breakup by Capacity Design Type:
• Type A
Report • Type C
Segmentation • Type D
Breakup by Sales Channel:
• Direct Sales
• Distr ibutor
Breakup by Application:
• Preschool  Education
• Primary School
• Others
Report Breakup by Region:
Segmentation • North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Beiqi  Foton Motor Co. Ltd. (Bei j ing 
Automotive Group Co. Ltd.)
• Blue Bird Corporation
• BYD Company Ltd.
Competitive • Col l ins Bus Corporation (REV Group Inc.)
Landscape • Dominion Energy Inc.
with Key • Mercedes-Benz Group AG
• Navistar International  Corporation (Traton 
Players Group)
• The Lion Electr ic Company
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?
Key 
What is the breakup of the global electric school bus 
Questions market based on the type?
Answered in What is the breakup of the global electric school bus market based on the capacity design type?
the Report 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?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  E l e c t r i c  S c h o o l  B u s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     B a t t e r y  E l e c t r i c  S c h o o l  B u s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     H y b r i d  S c h o o l  B u s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  C a p a c i t y  D e s i g n  T y p e
    7 . 1     T y p e  A
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     T y p e  C
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     T y p e  D
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  S a l e s  C h a n n e l
    8 . 1     D i r e c t  S a l e s
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
Table of     8 . 2     D i s t r i b u t o r        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
Contents     9 . 1     P r e s c h o o l  E d u c a t i o n        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     P r i m a r y  S c h o o l
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 3     O t h e r s
        9 . 3 . 1  M a r k e t  T r e n d s
        9 . 3 . 2  M a r k e t  F o r e c a s t
1 0   M a r k e t  B r e a k u p  b y  R e g i o n
    1 0 . 1     N o r t h  A m e r i c a
        1 0 . 1 . 1  U n i t e d  S t a t e s
           1 0 . 1 . 1 . 1  M a r k e t  T r e n d s
           1 0 . 1 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /e lec t r i c - sc h oo l -bus -m arke t / t o c
Partial List of Clients
Partial List of Clients
Disclaimer
© 2024  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
+1-631-791-1145
[email protected]
Stay With Us: