Market Size of Africa Electric Bus Industry
| 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 |
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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.
