Africa Electric Bus Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.26 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Electric Bus Market Analysis
The Africa Electric Bus Market was valued at USD 872.89 million in 2021, and it is projected to reach USD 1548.44 million by 2027, registering a CAGR of 10.26% during the forecast period (2022-2027).
COVID-19 pandemic undoubtedly has an impact on the African electric bus market, as it has on almost every other industry in the market. Manufacturing units have been closed due to the region's electric bus market slowdown, with social distancing norms to follow and limited staff available to run production lines with all safety measures.
In the long term, the growing emphasis of countries on promoting electrification of mass transit solutions, as well as government support, is propelling the market growth. Several African countries are taking part in the growing electric-powered transportation wave. Increased use of electric vehicles is a strategy for decarbonizing transportation and improving air quality in African cities. However, there are a number of issues that African countries must address in order to reap the benefits of the electric vehicle movement.
However, Africa used vehicle imports and a growing vehicle fleet are driving up climate emissions and air quality impacts in the region. This might hamper the market growth during the forecast period. According to the United Nations Environment Programme's Integrated Assessment of Short-lived Climate Pollutants in Africa and the Caribbean report, around 64,000 people prematurely die every year in Africa and the Caribbean due to air pollution that is caused by transportation.
Africa Electric Bus Market Trends
This section covers the major market trends shaping the Africa Electric Bus Market according to our research experts:
Battery Electric Bus to Witness Growth
Urban transportation buses account for approximately 25% of the total emission by the transportation sector, and the preference in public transport is expected to increase by nearly 50% by 2030. This will result in an estimated additional 26,000 tons of carbon.As e-buses are becoming a commercially viable solution for public transport although it is still costlier to diesel buses and in addition to that they have zero exhaust emissions. E-buses are helping to reduce CO2 emissions only if the electricity is generated from a solar grid.
Battery electric buses are expected to lead in the market, as local government initiatives to reduce the emission and reduce the operational cost of public transportation. Various local startups are building their electric bus prototypes which will help the country to create local jobs in the coming future which will in turn boost their economy also. Whereas, global organization is helping African countries to support electric mobility. For instance, UN Environment is directly supporting twenty major cities in Africa, Latin America, and Asia to prepare plans for moving to low-emission public transport, with the adoption of electric buses over diesel.
- In January 2022, Opibus, a Swedish-Kenyan technology firm that develops, designs, and manufactures electric vehicles for the African continent, has just launched the country's first all-electric bus. The electric bus was designed and developed in Kenya by Opibus. This is the first major step toward the company's goal of producing a locally designed and developed electric bus for the pan-African market by the end of 2023. This is also a step toward Opibus' goal of electrifying Africa's public transportation system through the deployment of products tailored to the local use case
Government participation will drive the Electric Bus Market
African countries are in following the path of other developing countries for the adoption of electric buses. Local Governments along with various other partners are actively putting their plans for the adoption of electric buses in the future. For instance,
- In April 2022, The Ministry of Transport announced plans to test electric buses in Ghana as part of efforts to decarbonize and achieve net-zero emissions. As a result, the Ministry is importing ten electric buses to test in selected cities. Alhassan Tampuli, Deputy Minister of Transport, announced this at the national energy transition forum in Mole.
- Morocco's integrated national policy for reducing the effects of climate change and reducing greenhouse gas emissions by 32% by the year 2030, and in 2016, the country came into partnership with a Chinese bank to manufacture electric buses in Morocco with a total investment of MAD 1.2 billion.
- Whereas UN Environment has designed the eMob Calculator for buses, which will enable the user to assess the potential of electric and other low emission buses to reduce energy consumption, CO2, and air pollution by the year 2050.
Africa Electric Bus Industry Overview
The major players in the market studied include BYD, Yutong, Zhongtong Bus, and King Long, among others. The companies are expanding their presence by making strategic alliances, acquiring regional players, introducing new bus models, and making partnerships with governments. For instance,
- In November 2021, the startup received one million dollars in funding. BasiGo plans to launch electric buses with a range of 250 kilometers and seating capacities of 25 and 36 seats in the near future. These characteristics are tailored to the Nairobi public transportation environment.
Africa Electric Bus Market Leaders
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Zhongtong Bus Holding Co., Ltd
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BYD Auto Co., Ltd.
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Zhengzhou Yutong Bus Co., Ltd.
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King Long United Automotive Industry Co., Ltd
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Shanghai Wanxiang Automobile Manufacturing Co., Ltd .
*Disclaimer: Major Players sorted in no particular order
Africa Electric Bus Market News
- In August 2022, ROAM, a Swedish-Kenyan mobility company, launched its first all-electric bus built for mass transit in Africa, following the launch of its first production-intent model of electric motorcycles. The ROAM Rapid is an electric bus that was created to address the unique challenges of public transportation in Nairobi and throughout Africa.
- In January 2022, Opibus, a Swedish-Kenyan company, introduced Kenya's first African-designed and manufactured electric bus, with the goal of bringing clean energy to public transportation. Opibus, Kenya's first electric motorcycle manufacturer, intends to commercialize the bus in a few months and bring it to markets across Africa by 2023.
Africa Electric Bus Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Propulsion Type
5.1.1 Battery Electric
5.1.2 Plug-In Hybrid Electric
5.2 By Consumer Type
5.2.1 Government
5.2.2 Fleet Operators
5.3 By Country
5.3.1 South Africa
5.3.2 Morocco
5.3.3 Egypt
5.3.4 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Kiira Motors Corporation
6.2.2 MiPower
6.2.3 Zhongtong Bus Holding Co., Ltd
6.2.4 Zhengzhou Yutong Bus Co., Ltd.
6.2.5 King Long United Automotive Industry Co., Ltd
6.2.6 BYD Auto Co., Ltd.
6.2.7 Daimler AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Electric Bus Industry Segmentation
An electric bus, also known as an e-bus, is a bus that does not use a traditional IC engine for propulsion and is entirely electric. The onboard electric motor of an E-bus is powered by onboard batteries or a set of batteries. Electric buses are considered environmentally friendly because they emit no pollutants. They are also more cost-effective than traditional gasoline/diesel buses.
The electric bus market is segmented by vehicle type, consumer type, and country.
The Electric Bus Market is segmented by vehicle type into battery electric and plug-in hybrid electric. By consumer type, the market is segmented into government and fleet operators. By Country, the market is segmented into South Africa, Morocco, Egypt, and Rest of Africa. The report covers the market size and forecast in value (USD Million) for all the above segments.
| By Propulsion Type | |
| Battery Electric | |
| Plug-In Hybrid Electric |
| By Consumer Type | |
| Government | |
| Fleet Operators |
| By Country | |
| South Africa | |
| Morocco | |
| Egypt | |
| Rest of Africa |
Africa Electric Bus Market Research FAQs
What is the current Africa Electric Bus Market size?
The Africa Electric Bus Market is projected to register a CAGR of 10.26% during the forecast period (2024-2029)
Who are the key players in Africa Electric Bus Market?
Zhongtong Bus Holding Co., Ltd, BYD Auto Co., Ltd., Zhengzhou Yutong Bus Co., Ltd., King Long United Automotive Industry Co., Ltd and Shanghai Wanxiang Automobile Manufacturing Co., Ltd . are the major companies operating in the Africa Electric Bus Market.
What years does this Africa Electric Bus Market cover?
The report covers the Africa Electric Bus Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Electric Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Electric Bus Industry Report
Statistics for the 2024 Africa Electric Bus market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Africa 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.
