Report Overview
Bus motors are essential components in the automotive industry, powering buses for public transportation, school buses, and commercial vehicles. These motors are electrically powered and play a crucial role in the efficiency and performance of buses. The market for bus motors is characterized by the increasing demand for electric vehicles, stringent emission regulations, and advancements in battery technology.
The current market size for bus motors in 2023 is estimated at USD 670 million, with a projected Compound Annual Growth Rate (CAGR) of 8.75% from 2024 to 2032. This growth can be attributed to the rising adoption of electric buses globally, driven by government initiatives to reduce carbon emissions and promote sustainable transportation solutions. The market is also influenced by the growing focus on energy efficiency and the need to lower operating costs for bus operators.
One of the key growth drivers in the bus motor market is the shift towards electrification in the transportation sector. With increasing concerns about environmental sustainability, many countries are incentivizing the adoption of electric buses, creating a favorable market environment for bus motor manufacturers. Additionally, technological advancements in battery technology are improving the range and performance of electric buses, further driving the demand for efficient bus motors.
Market trends in the bus motor industry include the development of high-performance motors with enhanced power density and efficiency. Manufacturers are focusing on designing motors that offer higher torque and power output while maintaining compact sizes to fit into the limited space available in buses. Moreover, there is a growing trend towards integrated motor systems that combine the motor, inverter, and control electronics into a single unit, simplifying installation and maintenance processes.
Another trend shaping the bus motor market is the increasing emphasis on connectivity and smart features in bus motors. Manufacturers are incorporating IoT capabilities and data analytics to enable remote monitoring, predictive maintenance, and performance optimization of bus motors. These smart features not only enhance the reliability and lifespan of the motors but also contribute to overall operational efficiency for bus fleet operators.
In terms of regional market distribution, leading markets for bus motors include North America, Europe, and Asia Pacific. North America is driven by stringent emission regulations and government incentives for electric buses, while Europe is witnessing rapid adoption due to ambitious sustainability goals set by the European Union. Asia Pacific dominates the market due to the presence of key electric bus manufacturers in countries like China and India, where urbanization and environmental concerns are driving the demand for electric buses.
Key challenges facing the bus motor market include the high initial cost of electric buses compared to conventional diesel buses, limited charging infrastructure in certain regions, and concerns about the recyclability of lithium-ion batteries. Overcoming these challenges will require continued investment in research and development to drive down costs, collaboration between stakeholders to expand charging infrastructure, and innovation in battery recycling technologies to ensure sustainability in the long run.
This report provides a deep insight into the global Bus Motor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Bus Motor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Bus Motor market in any manner.
Global Bus Motor Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Bosch
Asmo
Mitsuba
Brose
Johnson Electric
Nidec
Mabuchi
Valeo Group
Mahle
ST Motiv
BüHLER Motor
Shihlin Electric
Jheeco
Prestolite Electric
Inteva Products
Fukuta
BYD
Broad Ocean
ZF Friedrichshafen AG
Jing-Jin Electric (JJE)
Mitsubishi Motors Corporation
Hitachi
MAGNA
UAES
Remy International，Inc
Market Segmentation (by Type)
Induction Motor
Brushless Electric Motor
Switched Reluctance Motor
Others
Market Segmentation (by Application)
OEM
Aftermarket
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bus Motor Market
• Overview of the regional outlook of the Bus Motor Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Bus Motor Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Bus Motor
1.2 Key Market Segments
1.2.1 Bus Motor Segment by Type
1.2.2 Bus Motor Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Bus Motor Market Overview
2.1 Global Market Overview
2.1.1 Global Bus Motor Market Size (M USD) Estimates and Forecasts (2019-2032)
2.1.2 Global Bus Motor Sales Estimates and Forecasts (2019-2032)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
2.4 Macroeconomic Analysis
3 Bus Motor Market Competitive Landscape
3.1 Global Bus Motor Sales by Manufacturers (2019-2024)
3.2 Global Bus Motor Revenue Market Share by Manufacturers (2019-2024)
3.3 Bus Motor Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Bus Motor Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Bus Motor Sales Sites, Area Served, Product Type
3.6 Bus Motor Market Competitive Situation and Trends
3.6.1 Bus Motor Market Concentration Rate
3.6.2 Global 5 and 10 Largest Bus Motor Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Bus Motor Industry Chain Analysis
4.1 Bus Motor Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Bus Motor Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Bus Motor Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Bus Motor Sales Market Share by Type (2019-2024)
6.3 Global Bus Motor Market Size Market Share by Type (2019-2024)
6.4 Global Bus Motor Price by Type (2019-2024)
7 Bus Motor Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Bus Motor Market Sales by Application (2019-2024)
7.3 Global Bus Motor Market Size (M USD) by Application (2019-2024)
7.4 Global Bus Motor Sales Growth Rate by Application (2019-2024)
8 Bus Motor Market Sales by Region
8.1 Global Bus Motor Sales by Region
8.1.1 Global Bus Motor Sales by Region
8.1.2 Global Bus Motor Sales Market Share by Region
8.2 Global Bus Motor Market Size by Region
8.2.1 Global Bus Motor Market Size by Region
8.2.2 Global Bus Motor Market Size Market Share by Region
8.3 North America
8.3.1 North America Bus Motor Sales by Country
8.3.2 North America Bus Motor Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Bus Motor Sales by Country
8.4.2 Europe Bus Motor Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Russia Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Bus Motor Sales by Region
8.5.2 China
8.5.3 Japan
8.5.4 South Korea
8.5.5 India
8.5.6 Southeast Asia
8.6 Asia Pacific
8.6.1 Asia Pacific Bus Motor Market Size by Region
8.6.2 Asia Pacific Bus Motor Market Size by Region
8.6.3 China
8.6.4 Japan
8.6.5 South Korea
8.6.6 India
8.6.7 Southeast Asia
8.7 South America
8.7.1 South America Bus Motor Sales by Country
8.7.2 South America Bus Motor Market Size by Country
8.7.3 Brazil
8.7.4 Argentina
8.7.5 Columbia
8.8 Middle East and Africa
8.8.1 Middle East and Africa Bus Motor Sales by Region
8.8.2 Middle East and Africa Bus Motor Market Size by Region
8.8.3 Saudi Arabia
8.8.4 UAE
8.8.5 Egypt
8.8.6 Nigeria
8.8.7 South Africa
9 Bus Motor Market Production by Region
9.1 Global Production of Bus Motor by Region (2019-2024)
9.2 Global Bus Motor Revenue Market Share by Region (2019-2024)
9.3 Global Bus Motor Production, Revenue, Price and Gross Margin (2019-2024)
9.4 North America Bus Motor Production
9.4.1 North America Bus Motor Production Growth Rate (2019-2024)
9.4.2 North America Bus Motor Production, Revenue, Price and Gross Margin (2019-2024)
9.5 Europe Bus Motor Production
9.5.1 Europe Bus Motor Production Growth Rate (2019-2024)
9.5.2 Europe Bus Motor Production, Revenue, Price and Gross Margin (2019-2024)
9.6 Japan Bus Motor Production (2019-2024)
9.6.1 Japan Bus Motor Production Growth Rate (2019-2024)
9.6.2 Japan Bus Motor Production, Revenue, Price and Gross Margin (2019-2024)
9.7 China Bus Motor Production (2019-2024)
9.7.1 China Bus Motor Production Growth Rate (2019-2024)
9.7.2 China Bus Motor Production, Revenue, Price and Gross Margin (2019-2024)
10 Key Companies Profile
10.1 Bosch
10.1.1 Bosch Bus Motor Basic Information
10.1.2 Bosch Bus Motor Product Overview
10.1.3 Bosch Bus Motor Product Market Performance
10.1.4 Bosch Business Overview
10.1.5 Bosch Bus Motor SWOT Analysis
10.1.6 Bosch Recent Developments
10.2 Asmo
10.2.1 Asmo Bus Motor Basic Information
10.2.2 Asmo Bus Motor Product Overview
10.2.3 Asmo Bus Motor Product Market Performance
10.2.4 Asmo Business Overview
10.2.5 Asmo Bus Motor SWOT Analysis
10.2.6 Asmo Recent Developments
10.3 Mitsuba
10.3.1 Mitsuba Bus Motor Basic Information
10.3.2 Mitsuba Bus Motor Product Overview
10.3.3 Mitsuba Bus Motor Product Market Performance
10.3.4 Mitsuba Bus Motor SWOT Analysis
10.3.5 Mitsuba Business Overview
10.3.6 Mitsuba Recent Developments
10.4 Brose
10.4.1 Brose Bus Motor Basic Information
10.4.2 Brose Bus Motor Product Overview
10.4.3 Brose Bus Motor Product Market Performance
10.4.4 Brose Business Overview
10.4.5 Brose Recent Developments
10.5 Johnson Electric
10.5.1 Johnson Electric Bus Motor Basic Information
10.5.2 Johnson Electric Bus Motor Product Overview
10.5.3 Johnson Electric Bus Motor Product Market Performance
10.5.4 Johnson Electric Business Overview
10.5.5 Johnson Electric Recent Developments
10.6 Nidec
10.6.1 Nidec Bus Motor Basic Information
10.6.2 Nidec Bus Motor Product Overview
10.6.3 Nidec Bus Motor Product Market Performance
10.6.4 Nidec Business Overview
10.6.5 Nidec Recent Developments
10.7 Mabuchi
10.7.1 Mabuchi Bus Motor Basic Information
10.7.2 Mabuchi Bus Motor Product Overview
10.7.3 Mabuchi Bus Motor Product Market Performance
10.7.4 Mabuchi Business Overview
10.7.5 Mabuchi Recent Developments
10.8 Valeo Group
10.8.1 Valeo Group Bus Motor Basic Information
10.8.2 Valeo Group Bus Motor Product Overview
10.8.3 Valeo Group Bus Motor Product Market Performance
10.8.4 Valeo Group Business Overview
10.8.5 Valeo Group Recent Developments
10.9 Mahle
10.9.1 Mahle Bus Motor Basic Information
10.9.2 Mahle Bus Motor Product Overview
10.9.3 Mahle Bus Motor Product Market Performance
10.9.4 Mahle Business Overview
10.9.5 Mahle Recent Developments
10.10 ST Motiv
10.10.1 ST Motiv Bus Motor Basic Information
10.10.2 ST Motiv Bus Motor Product Overview
10.10.3 ST Motiv Bus Motor Product Market Performance
10.10.4 ST Motiv Business Overview
10.10.5 ST Motiv Recent Developments
10.11 BüHLER Motor
10.11.1 BüHLER Motor Bus Motor Basic Information
10.11.2 BüHLER Motor Bus Motor Product Overview
10.11.3 BüHLER Motor Bus Motor Product Market Performance
10.11.4 BüHLER Motor Business Overview
10.11.5 BüHLER Motor Recent Developments
10.12 Shihlin Electric
10.12.1 Shihlin Electric Bus Motor Basic Information
10.12.2 Shihlin Electric Bus Motor Product Overview
10.12.3 Shihlin Electric Bus Motor Product Market Performance
10.12.4 Shihlin Electric Business Overview
10.12.5 Shihlin Electric Recent Developments
10.13 Jheeco
10.13.1 Jheeco Bus Motor Basic Information
10.13.2 Jheeco Bus Motor Product Overview
10.13.3 Jheeco Bus Motor Product Market Performance
10.13.4 Jheeco Business Overview
10.13.5 Jheeco Recent Developments
10.14 Prestolite Electric
10.14.1 Prestolite Electric Bus Motor Basic Information
10.14.2 Prestolite Electric Bus Motor Product Overview
10.14.3 Prestolite Electric Bus Motor Product Market Performance
10.14.4 Prestolite Electric Business Overview
10.14.5 Prestolite Electric Recent Developments
10.15 Inteva Products
10.15.1 Inteva Products Bus Motor Basic Information
10.15.2 Inteva Products Bus Motor Product Overview
10.15.3 Inteva Products Bus Motor Product Market Performance
10.15.4 Inteva Products Business Overview
10.15.5 Inteva Products Recent Developments
10.16 Fukuta
10.16.1 Fukuta Bus Motor Basic Information
10.16.2 Fukuta Bus Motor Product Overview
10.16.3 Fukuta Bus Motor Product Market Performance
10.16.4 Fukuta Business Overview
10.16.5 Fukuta Recent Developments
10.17 BYD
10.17.1 BYD Bus Motor Basic Information
10.17.2 BYD Bus Motor Product Overview
10.17.3 BYD Bus Motor Product Market Performance
10.17.4 BYD Business Overview
10.17.5 BYD Recent Developments
10.18 Broad Ocean
10.18.1 Broad Ocean Bus Motor Basic Information
10.18.2 Broad Ocean Bus Motor Product Overview
10.18.3 Broad Ocean Bus Motor Product Market Performance
10.18.4 Broad Ocean Business Overview
10.18.5 Broad Ocean Recent Developments
10.19 ZF Friedrichshafen AG
10.19.1 ZF Friedrichshafen AG Bus Motor Basic Information
10.19.2 ZF Friedrichshafen AG Bus Motor Product Overview
10.19.3 ZF Friedrichshafen AG Bus Motor Product Market Performance
10.19.4 ZF Friedrichshafen AG Business Overview
10.19.5 ZF Friedrichshafen AG Recent Developments
10.20 Jing-Jin Electric (JJE)
10.20.1 Jing-Jin Electric (JJE) Bus Motor Basic Information
10.20.2 Jing-Jin Electric (JJE) Bus Motor Product Overview
10.20.3 Jing-Jin Electric (JJE) Bus Motor Product Market Performance
10.20.4 Jing-Jin Electric (JJE) Business Overview
10.20.5 Jing-Jin Electric (JJE) Recent Developments
10.21 Mitsubishi Motors Corporation
10.21.1 Mitsubishi Motors Corporation Bus Motor Basic Information
10.21.2 Mitsubishi Motors Corporation Bus Motor Product Overview
10.21.3 Mitsubishi Motors Corporation Bus Motor Product Market Performance
10.21.4 Mitsubishi Motors Corporation Business Overview
10.21.5 Mitsubishi Motors Corporation Recent Developments
10.22 Hitachi
10.22.1 Hitachi Bus Motor Basic Information
10.22.2 Hitachi Bus Motor Product Overview
10.22.3 Hitachi Bus Motor Product Market Performance
10.22.4 Hitachi Business Overview
10.22.5 Hitachi Recent Developments
10.23 MAGNA
10.23.1 MAGNA Bus Motor Basic Information
10.23.2 MAGNA Bus Motor Product Overview
10.23.3 MAGNA Bus Motor Product Market Performance
10.23.4 MAGNA Business Overview
10.23.5 MAGNA Recent Developments
10.24 UAES
10.24.1 UAES Bus Motor Basic Information
10.24.2 UAES Bus Motor Product Overview
10.24.3 UAES Bus Motor Product Market Performance
10.24.4 UAES Business Overview
10.24.5 UAES Recent Developments
10.25 Remy International，Inc
10.25.1 Remy International，Inc Bus Motor Basic Information
10.25.2 Remy International，Inc Bus Motor Product Overview
10.25.3 Remy International，Inc Bus Motor Product Market Performance
10.25.4 Remy International，Inc Business Overview
10.25.5 Remy International，Inc Recent Developments
11 Bus Motor Market Forecast by Region
11.1 Global Bus Motor Market Size Forecast
11.2 Global Bus Motor Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Bus Motor Market Size Forecast by Country
11.2.3 Asia Pacific Bus Motor Market Size Forecast by Region
11.2.4 South America Bus Motor Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Bus Motor by Country
12 Forecast Market by Type and by Application (2025-2032)
12.1 Global Bus Motor Market Forecast by Type (2025-2032)
12.1.1 Global Forecasted Sales of Bus Motor by Type (2025-2032)
12.1.2 Global Bus Motor Market Size Forecast by Type (2025-2032)
12.1.3 Global Forecasted Price of Bus Motor by Type (2025-2032)
12.2 Global Bus Motor Market Forecast by Application (2025-2032)
12.2.1 Global Bus Motor Sales (K Units) Forecast by Application
12.2.2 Global Bus Motor Market Size (M USD) Forecast by Application (2025-2032)
13 Conclusion and Key Findings
