China Electric Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The China Electric Bus Market is segmented by Fuel Category (BEV, FCEV, HEV, PHEV). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

China Electric Bus Market Size

View Global Report
China Electric Bus Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2025) USD 42.64 Billion
svg icon Market Size (2029) USD 51.14 Billion
svg icon Largest Share by Vehicle Body Type Buses
svg icon CAGR (2025 - 2029) 4.65 %
svg icon Fastest Growing by Vehicle Body Type Buses
svg icon Market Concentration Medium

Key Players

Compare market size and growth of China Electric Bus Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

China Electric Bus Market Analysis

The China Electric Bus Market size is estimated at 42.64 billion USD in 2025, and is expected to reach 51.14 billion USD by 2029, growing at a CAGR of 4.65% during the forecast period (2025-2029).

42.64 Billion

Market Size in 2025 (USD)

51.14 Billion

Market Size in 2029 (USD)

14.26 %

CAGR (2017-2024)

4.65 %

CAGR (2025-2029)

Largest Segment by Fuel Category

95.27 %

value share, BEV, 2024

Icon image

BEVs dominate China's electric bus market due to government subsidies, extensive urban demand, and a focus on reducing air pollution through sustainable public transport.

Fastest-growing Segment by Fuel Category

22.37 %

Projected CAGR, FCEV, 2025-2029

Icon image

FCEVs are growing rapidly in China due to advancements in hydrogen technology, expanding refueling infrastructure, and strong governmental support for clean energy vehicles.

Leading Market Player

26.60 %

market share, Zhejiang Geely Holding Group Co. Ltd,

Icon image

Zhejiang Geely Holding Group Co. Ltd. leads the market with its innovative electric bus models, extensive manufacturing capacity, and strong government support for sustainable transportation solutions.

Second leading Market Player

13.50 %

market share, Chery Automobile Co. Ltd.,

Icon image

Chery Automobile Co. Ltd. is a significant player due to its popular electric bus models, strong R&D capabilities, and commitment to expanding its electric vehicle offerings in the public transport sector.

Third Leading Market Player

11 %

market share, Chongqing Changan Automobile Company Limited,

Icon image

Chongqing Changan Automobile Company Limited ranks high in the market due to its diverse electric bus lineup, robust manufacturing infrastructure, and strategic collaborations enhancing its market position.

China Electric Bus Industry Overview

China Electric Bus Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
  • 4.2 GDP Per Capita
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
  • 4.4 Inflation
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Shared Rides
  • 4.7 Impact Of Electrification
  • 4.8 EV Charging Station
  • 4.9 Battery Pack Price
  • 4.10 New Xev Models Announced
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Fuel Category
    • 5.1.1 BEV
    • 5.1.2 FCEV
    • 5.1.3 HEV
    • 5.1.4 PHEV

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Anhui Ankai Automobile Co. Ltd.
    • 6.4.2 BYD Auto Co. Ltd.
    • 6.4.3 Chery Automobile Co. Ltd.
    • 6.4.4 Chongqing Changan Automobile Company Limited
    • 6.4.5 CRRC Electric Vehicle Co. Ltd.
    • 6.4.6 FAW Toyota Motor Co. Ltd.
    • 6.4.7 Higer Bus Company Ltd.
    • 6.4.8 King Long United Automotive Industry Co. Ltd.
    • 6.4.9 Nanjing Golden Dragon Bus Co. Ltd.
    • 6.4.10 Shanghai Sunwin Bus Corporation.Ltd.
    • 6.4.11 Zhejiang Geely Holding Group Co. Ltd
    • 6.4.12 Zhengzhou Yutong Bus Co. Ltd.
    • 6.4.13 Zhongtong Bus Holding Co. Ltd.
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, CHINA, 2017 - 2030
  1. Figure 2:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, CHINA, 2017 - 2030
  1. Figure 3:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, CHINA, 2017 - 2030
  1. Figure 4:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, CHINA, 2017 - 2030
  1. Figure 5:  
  2. USED CAR MARKET, REVENUE IN USD, CHINA, 2017 - 2030
  1. Figure 6:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, CHINA, 2017 - 2030
  1. Figure 7:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, CHINA, 2017 - 2022
  1. Figure 8:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, CHINA, 2017 - 2030
  1. Figure 9:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, CHINA, 2023 - 2027
  1. Figure 10:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, CHINA, 2017 - 2022
  1. Figure 11:  
  2. OEM-WISE PRODUCTION STATISTICS, VOLUME IN UNITS, CHINA, 2017 - 2022
  1. Figure 12:  
  2. CHINA ELECTRIC BUS MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 13:  
  2. CHINA ELECTRIC BUS MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 14:  
  2. CHINA ELECTRIC BUS MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 15:  
  2. CHINA ELECTRIC BUS MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 16:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 17:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 18:  
  2. CHINA ELECTRIC BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 19:  
  2. CHINA ELECTRIC BUS MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 20:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 21:  
  2. CHINA ELECTRIC BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 22:  
  2. CHINA ELECTRIC BUS MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 23:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 24:  
  2. CHINA ELECTRIC BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 25:  
  2. CHINA ELECTRIC BUS MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 26:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 27:  
  2. CHINA ELECTRIC BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 28:  
  2. CHINA ELECTRIC BUS MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 29:  
  2. CHINA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 30:  
  2. CHINA ELECTRIC BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 31:  
  2. CHINA ELECTRIC BUS MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 32:  
  2. CHINA ELECTRIC BUS MARKET SHARE(%), BY MAJOR PLAYERS

China Electric Bus Industry Segmentation

BEV, FCEV, HEV, PHEV are covered as segments by Fuel Category.

Fuel Category BEV
FCEV
HEV
PHEV
Need A Different Region Or Segment?
Customize Now

Market Definition

  • Vehicle Type - The category includes Medium and Heavy Duty Buses.
  • Vehicle Body Type - This include Bus category.
  • Fuel Category - The category exclusively covers electric propulsion systems, including various types such as HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles).
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
research-methodology
Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the vehicles industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the vehicles industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

China Electric Bus Market Research FAQs

The China Electric Bus Market size is expected to reach USD 42.64 billion in 2025 and grow at a CAGR of 4.65% to reach USD 51.14 billion by 2029.

In 2025, the China Electric Bus Market size is expected to reach USD 42.64 billion.

In the China Electric Bus Market, the Buses segment accounts for the largest share by vehicle body type.

In 2025, the Buses segment accounts for the fastest growing by vehicle body type in the China Electric Bus Market.

In 2025, the China Electric Bus Market size was estimated at 42.64 billion. The report covers the China Electric Bus Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Electric Bus Market size for years: 2025, 2026, 2027, 2028 and 2029.

Latin America Plastic Packaging Industry Report

Statistics for the 2024 China Electric Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Electric Bus analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

China Electric Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029