Hybrid and Electric Buses and Trucks Market Trends, Size, Share, Growth, Forecasts, 2025 - 2032

Hybrid and Electric Buses and Trucks Market By Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), Hybrid Electric, Vehicle Type (Buses and Trucks), Application (Public Transport, Long-Haul Freight, Last-Mile Delivery, Waste Management, Municipal/Utility, School & Institutional Fleets, Misc.), Range (Up to 150 km, 151-300 km, Above 300 km), Sales Channel, and Regional Analysis from 2025 - 2032

ID: PMRREP35524

Format: PPT*, PDF, EXCEL

Last Updated: 29 Jul 2025

Industry: Automotive & Transportation

Number of Pages: 196

Persistence Market Research Report, Market Growth and Regional Outlook

Table of Content

  1. Executive Summary
    1. Global Hybrid and Electric Buses & Trucks Market Snapshot, 2025 and 2032
    2. Market Opportunity Assessment, 2025 - 2032, US$ Mn
    3. Key Market Trends
    4. Future Market Projections
    5. Premium Market Insights
    6. Industry Developments and Key Market Events
    7. PMR Analysis and Recommendations
  2. Market Overview
    1. Market Scope and Definition
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
      5. Key Trends
    3. Product Lifecycle Analysis
    4. Hybrid and Electric Buses & Trucks Market: Value Chain
      1. List of Raw Material Supplier
      2. List of Manufacturers
      3. List of Distributors
      4. List of End- Users
      5. Profitability Analysis
    5. Forecast Factors - Relevance and Impact
    6. Covid-19 Impact Assessment
    7. PESTLE Analysis
    8. Porter Five Force’s Analysis
    9. Geopolitical Tensions: Market Impact
    10. Regulatory and Technology Landscape
  3. Macro-Economic Factors
    1. Global Sectorial Outlook
    2. Global GDP Growth Outlook
    3. Global Parent Market Overview
    4. Other Macro-Economic Factors
  4. Price Trend Analysis, 2019 - 2032
    1. Key Highlights
    2. Key Factors Impacting Propulsion Type Prices
    3. Prices by Propulsion Type/Application/Range
    4. Regional Prices and Propulsion Type Preferences
  5. Global Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
      1. Market Volume (Unit) Projections
      2. Market Size and Y-o-Y Growth
      3. Absolute $ Opportunity
    2. Market Size (US$ Mn) Analysis and Forecast
      1. Historical Market Size Analysis, 2019-2024
      2. Current Market Size Forecast, 2023-2030
    3. Global Hybrid and Electric Buses & Trucks Market Outlook: Propulsion Type
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Propulsion Type, 2019 - 2024
      3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
        1. Battery Electric Vehicles (BEVs)
        2. Fuel Cell Electric Vehicles (FCEVs)
        3. Hybrid Electric
          1. Hybrid Buses
            1. Series Hybrid Buses
            2. Parallel Hybrid Buses
            3. Plug-in Hybrid Buses (PHEBs)
          2. Hybrid Trucks
            1. Mild Hybrid Trucks
            2. Full Hybrid Trucks
            3. Plug-in Hybrid Trucks (PHEVs)
    4. Market Attractiveness Analysis: Propulsion Type
    5. Global Hybrid and Electric Buses & Trucks Market Outlook: Application
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Application, 2019 - 2024
      3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
        1. Buses
          1. Mini / Mid Buses
          2. Standard Buses
          3. Articulated Buses
        2. Trucks
          1. Light-Duty Trucks (LDT)
          2. Medium-Duty Trucks (MDT)
          3. Heavy-Duty Trucks (HDT)
    6. Market Attractiveness Analysis: Application
    7. Global Hybrid and Electric Buses & Trucks Market Outlook: Range
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Range, 2019 - 2024
      3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
        1. Up to 150 km
        2. 151-300 km
        3. Above 300 km
    8. Market Attractiveness Analysis: Range
    9. Global Hybrid and Electric Buses & Trucks Market Outlook: Application
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Application, 2019 - 2024
      3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
        1. Public Transport
        2. Long-Haul Freight
        3. Last-Mile Delivery
        4. Waste Management
        5. Municipal/Utility Services
        6. Construction & Mining
        7. Airport & Industrial Operations
        8. School & Institutional Fleets
        9. Misc.
    10. Market Attractiveness Analysis: Application
    11. Global Hybrid and Electric Buses & Trucks Market Outlook: Sales Channel
      1. Introduction / Key Findings
      2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Sales Channel, 2019 - 2024
      3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
        1. OEMs
        2. Aftermarket
      4. Market Attractiveness Analysis: Sales Channel
  6. Global Hybrid and Electric Buses & Trucks Market Outlook: Region
    1. Key Highlights
    2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Region, 2019 - 2024
    3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Region, 2025 - 2032
      1. North America
      2. Europe
      3. East Asia
      4. South Asia and Oceania
      5. Latin America
      6. Middle East & Africa (MEA)
    4. Market Attractiveness Analysis: Region
  7. North America Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. U.S.
      2. Canada
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
      3. Market Attractiveness Analysis
  8. Europe Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Russia
      7. Türkiye
      8. Rest of Europe
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
    10. Market Attractiveness Analysis
  9. East Asia Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. China
      2. Japan
      3. South Korea
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
    10. Market Attractiveness Analysis
  10. South Asia & Oceania Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. India
      2. Southeast Asia
      3. ANZ
      4. Rest of South Asia & Oceania
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
    10. Market Attractiveness Analysis
  11. Latin America Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. Brazil
      2. Mexico
      3. Rest of Latin America
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
    10. Market Attractiveness Analysis
  12. Middle East & Africa Hybrid and Electric Buses & Trucks Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)
    1. Key Highlights
    2. Pricing Analysis
    3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019 - 2024
      1. By Country
      2. By Propulsion Type
      3. By Vehicle Type
      4. By Range
      5. By Application
      6. By Sales Channel
    4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025 - 2032
      1. GCC
      2. Egypt
      3. South Africa
      4. Northern Africa
      5. Rest of Middle East & Africa
    5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Propulsion Type, 2025 - 2032
      1. Battery Electric Vehicles (BEVs)
      2. Fuel Cell Electric Vehicles (FCEVs)
      3. Hybrid Electric
        1. Hybrid Buses
          1. Series Hybrid Buses
          2. Parallel Hybrid Buses
          3. Plug-in Hybrid Buses (PHEBs)
        2. Hybrid Trucks
          1. Mild Hybrid Trucks
          2. Full Hybrid Trucks
          3. Plug-in Hybrid Trucks (PHEVs)
    6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Application, 2025 - 2032
      1. Buses
        1. Mini / Mid Buses
        2. Standard Buses
        3. Articulated Buses
      2. Trucks
        1. Light-Duty Trucks (LDT)
        2. Medium-Duty Trucks (MDT)
        3. Heavy-Duty Trucks (HDT)
    7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Range, 2025 - 2032
      1. Up to 150 km
      2. 151-300 km
      3. Above 300 km
    8. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Distribution Channel, 2025 - 2032
      1. Public Transport
      2. Long-Haul Freight
      3. Last-Mile Delivery
      4. Waste Management
      5. Municipal/Utility Services
      6. Construction & Mining
      7. Airport & Industrial Operations
      8. School & Institutional Fleets
      9. Misc.
    9. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2025 - 2032
      1. OEMs
      2. Aftermarket
    10. Market Attractiveness Analysis
  13. Competition Landscape
    1. Market Share Analysis, 2024
    2. Market Structure
      1. Competition Intensity Mapping By Market
      2. Competition Dashboard
      3. Apparent Production Capacity
    3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
      1. BYD Auto Co., Ltd.
        1. Overview
        2. Segments and Products
        3. Key Financials
        4. Market Developments
        5. Market Strategy
      2. Tesla Inc.
      3. AB Volvo / Volvo Group
      4. Daimler Truck AG / Mercedes-Benz Group
      5. Ford Motor Company
      6. PACCAR Inc.
      7. Scania AB
      8. MAN Truck & Bus SE
      9. Tata Motors
      10. Ashok Leyland
      11. Iveco Group
      12. Renault Trucks
      13. Workhorse Group Inc.
      14. Nikola Corporation
      15. Foton Motor
      16. Hyundai Motor Company
      17. Hino Motors, Ltd.
      18. Mitsubishi Fuso Truck and Bus Corporation
      19. Isuzu Motors Ltd.
      20. FAW Group Corporation
      21. Dongfeng Motor Corporation
      22. XL Fleet Corp.
      23. VDL Groep
      24. DAF Trucks
      25. Bollinger Motors
  14. Appendix
    1. Research Methodology
    2. Research Assumptions
    3. Acronyms and Abbreviations

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