CompareMarketResearchRequest a sample
Home / Automotive / Electric Bus

Automotive · Market report

Electric Bus Market Size, Share and Forecast 2026-2036

The global electric bus market is worth USD 25.7 bn in 2026 and is forecast to reach USD 55.5 bn by 2036, growing at a 8.0% CAGR. China is the largest country market and City transit buses is the largest by bus type segment.

USD 25.7 bnMarket size 2026
USD 55.5 bnForecast 2036
8.0%CAGR 2026-2036
ChinaLargest country

Request a free sample Jump to the forecast

Report price: Starts from USD 1,999

5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global electric bus market is worth USD 25.7 bn in 2026 and is forecast to reach USD 55.5 bn by 2036, growing at a 8.0% CAGR. China is the largest country market and City transit buses is the largest by bus type segment.

ScopeNew battery and fuel cell electric buses and coaches for public transport and private operators, sold at retail value.
IndustryAutomotive
Value 2025USD 24.5 bn
Value 2026USD 25.7 bn
Value 2036USD 55.5 bn
CAGR 2026-20368.0%
Volume 2026115 thousand vehicles
Volume 2036273 thousand vehicles
Average price 2026USD 224,600 per vehicle
Report priceStarts from USD 1,999
PublishedNovember 2026

Request a free sample of this report

Electric Bus market size and forecast, 2026-2036

Exhibit 1The global electric bus market is forecast to grow from USD 25.7 bn in 2026 to USD 55.5 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 8.0%
Electric Bus market value, 2025 to 2036Market value by year. 2025: USD 24.5 bn; 2026: USD 25.7 bn; 2027: USD 27.8 bn; 2028: USD 30.0 bn; 2029: USD 32.4 bn; 2030: USD 35.0 bn; 2031: USD 37.8 bn; 2032: USD 40.8 bn; 2033: USD 44.1 bn; 2034: USD 47.6 bn; 2035: USD 51.4 bn; 2036: USD 55.5 bn. Compound annual growth rate 2026 to 2036: 8.0%.202525.7 bn202637.8 bn203155.5 bn20368.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 25.7 bn
2027USD 27.8 bn
2028USD 30.0 bn
2029USD 32.4 bn
2030USD 35.0 bn
2031USD 37.8 bn
2032USD 40.8 bn
2033USD 44.1 bn
2034USD 47.6 bn
2035USD 51.4 bn
2036USD 55.5 bn

Electric Bus market segmentation

By bus type

Exhibit 2City transit buses is the largest segment by bus type, with 72.0% of 2026 revenueEstimated share of 2026 global revenue, by bus type
Electric Bus market share by bus type, 2026Share of 2026 revenue by bus type. City transit buses: 72.0%; Minibuses and shuttles: 18.0%; Coaches: 10.0%.City transit buses72.0%Minibuses and shuttles18.0%Coaches10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
City transit buses72.0%70.1%USD 18.5 bn7.7%
Coaches10.0%10.7%USD 2.6 bn8.7%
Minibuses and shuttles18.0%19.2%USD 4.6 bn8.7%

By propulsion

Exhibit 3Battery electric adds the most revenue by propulsion, growing from USD 24.2 bn in 2026 to USD 51.5 bn by 2036Estimated revenue in USD by propulsion, 2026 and 2036 forecast
Electric Bus market by propulsion, 2026 and 2036Revenue by propulsion in 2026 and 2036. Battery electric: USD 24.2 bn in 2026, USD 51.5 bn in 2036, change +113%; Fuel cell electric: USD 1.0 bn in 2026, USD 3.3 bn in 2036, change +221%; Trolley and hybrid electric: USD 514 mn in 2026, USD 715 mn in 2036, change +39%.20262036 forecastChangeBattery electric+113%24.2 bn51.5 bnFuel cell electric+221%1.0 bn3.3 bnTrolley and hybrid electric+39%514 mn715 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Battery electric94.0%92.8%USD 24.2 bn7.9%
Fuel cell electric4.0%5.9%USD 1.0 bn12.4%
Trolley and hybrid electric2.0%1.3%USD 514 mn3.3%

By bus length

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Below 9 metres21.0%20.0%USD 5.4 bn7.5%
9 to 12 metres56.0%52.0%USD 14.4 bn7.2%
Above 12 metres23.0%28.0%USD 5.9 bn10.2%

By battery chemistry

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lithium iron phosphate68.0%64.0%USD 17.5 bn7.3%
Nickel manganese cobalt26.0%22.0%USD 6.7 bn6.2%
Solid-state and other6.0%14.0%USD 1.5 bn17.6%

By charging method

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Depot plug-in71.0%63.0%USD 18.3 bn6.7%
Opportunity pantograph19.0%24.0%USD 4.9 bn10.6%
Battery swapping and other10.0%13.0%USD 2.6 bn10.9%

Top 25 countries for electric bus by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 87.0% of 2026 revenue and the 25 countries below together hold 95.3%.

Exhibit 4China is the largest country market at USD 14.4 bn in 2026, and the three largest countries hold 66.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Electric Bus market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 14.4 bn, 56.0%; India: USD 1.3 bn, 5.0%; United States: USD 1.3 bn, 5.0%; Germany: USD 1.0 bn, 4.0%; United Kingdom: USD 1.0 bn, 4.0%; France: USD 772 mn, 3.0%; Poland: USD 772 mn, 3.0%; Netherlands: USD 643 mn, 2.5%; Italy: USD 643 mn, 2.5%; Chile: USD 514 mn, 2.0%.China14.4 bn 56.0%India1.3 bn 5.0%United States1.3 bn 5.0%Germany1.0 bn 4.0%United Kingdom1.0 bn 4.0%France772 mn 3.0%Poland772 mn 3.0%Netherlands643 mn 2.5%Italy643 mn 2.5%Chile514 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 14.4 bn56.0%USD 22.4 bn4.5%
2IndiaUSD 1.3 bn5.0%USD 13.2 bn26.2%
3United StatesUSD 1.3 bn5.0%USD 2.9 bn8.4%
4GermanyUSD 1.0 bn4.0%USD 1.9 bn6.6%
5United KingdomUSD 1.0 bn4.0%USD 1.9 bn6.6%
6FranceUSD 772 mn3.0%USD 1.7 bn8.3%
7PolandUSD 772 mn3.0%USD 1.7 bn8.3%
8NetherlandsUSD 643 mn2.5%USD 1,000 mn4.5%
9ItalyUSD 643 mn2.5%USD 1.4 bn8.4%
10ChileUSD 514 mn2.0%USD 944 mn6.3%
11SpainUSD 432 mn1.7%USD 744 mn5.6%
12SwedenUSD 350 mn1.4%USD 600 mn5.5%
13NorwayUSD 280 mn1.1%USD 483 mn5.6%
14CanadaUSD 226 mn0.9%USD 389 mn5.6%
15ColombiaUSD 183 mn0.7%USD 400 mn8.2%
16BrazilUSD 147 mn0.6%USD 322 mn8.2%
17MexicoUSD 118 mn0.5%USD 261 mn8.2%
18JapanUSD 95 mn0.4%USD 167 mn5.8%
19South KoreaUSD 77 mn0.3%USD 133 mn5.6%
20TurkeyUSD 62 mn0.2%USD 133 mn8.0%
21DenmarkUSD 51 mn0.2%USD 89 mn5.6%
22BelgiumUSD 41 mn0.2%USD 72 mn5.8%
23SwitzerlandUSD 33 mn0.1%USD 56 mn5.2%
24AustraliaUSD 26 mn0.1%USD 56 mn8.0%
25SingaporeUSD 21 mn0.08%USD 44 mn8.0%
Rest of worldUSD 1.2 bn4.7%USD 2.3 bn6.8%
Exhibit 5India and China account for 67% of the USD 29.8 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Electric Bus market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 25.7 bn. India: +USD 11.9 bn; China: +USD 8.0 bn; United States: +USD 1.6 bn; France: +USD 950 mn; Poland: +USD 950 mn; 20 other countries: +USD 5.2 bn; Rest of world: +USD 1.1 bn. Market value 2036: USD 55.5 bn.Market value 202625.7 bnIndia+11.9 bnChina+8.0 bnUnited States+1.6 bnFrance+950 mnPoland+950 mn20 other countries+5.2 bnRest of world+1.1 bnMarket value 203655.5 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • BYD
  • Yutong
  • King Long
  • Zhongtong Bus
  • Foton Motor
  • Higer

Group 2: Regional and specialist players

  • Solaris
  • Volvo Buses
  • Daimler Buses
  • MAN Truck & Bus
  • Irizar
  • VDL Bus & Coach
  • Karsan
  • Otokar
  • Alexander Dennis
  • Scania

Group 3: Emerging and niche players

  • New Flyer
  • Ebusco
  • Olectra Greentech
  • Switch Mobility
  • Wrightbus
  • GreenPower Motor
  • Blue Bird
  • Gillig

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the electric bus market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 8.0% is calculated from the resulting values.

The market is divided by bus type, by propulsion, by bus length, by battery chemistry, by charging method. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the electric bus market?

The global electric bus market is estimated at USD 24.5 bn in 2025 and USD 25.7 bn in 2026.

How fast will the electric bus market grow?

It is forecast to reach USD 55.5 bn by 2036, a compound annual growth rate of 8.0% from 2026, an increase of USD 29.8 bn.

Which country is the largest market for electric bus?

China is the largest market by revenue at USD 14.4 bn in 2026, 56.0% of the global total. The three largest countries together hold 66.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 26.2% a year from 2026 to 2036.

Which electric bus segment is largest?

In the by bus type split, City transit buses is the largest segment with 72.0% of 2026 revenue.

Who are the leading electric bus companies?

Global leaders include BYD, Yutong, King Long, Zhongtong Bus.

Need the full report?

Request a sample to see the structure, tables and country detail.

Request a free sample

Related markets in Automotive

← EV Charging Cable Management Accessories Electric Three Wheeler →

All Automotive markets →

Request a sample