Saudi Arabia Electric Buses Market Size and Report 2033

Saudi Arabia Electric Buses Market Size, Share, Trends and Forecast by Battery Type and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29131

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Saudi Arabia Electric Buses Market Overview:

The Saudi Arabia electric buses market size reached USD 468.21 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,826.65 Million by 2033, exhibiting a growth rate (CAGR) of 20.52% during 2025-2033. The Saudi Arabia electric buses market share is expanding due to government initiatives promoting sustainable transport, Vision 2030 goals, rising fuel prices, urbanization, public transport electrification, supportive policies, increasing investments in charging infrastructure, and partnerships with global electric vehicle manufacturers.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 468.21 Million
Market Forecast in 2033	USD 2,826.65 Million
Market Growth Rate (2025-2033)	20.52%

Saudi Arabia Electric Buses Market Trends:

Increasing Government Initiatives

Saudi Arabia’s commitment to reducing carbon discharges and promoting sustainable mobility is a primary driver of the electric bus market. As per the Gulf International Forum, by 2030, the Saudi Green Initiative (SGI) wants to cut carbon emissions by an incredible 278 Million Tons per year. Moreover, the government’s Vision 2030 and the Saudi Green Initiative emphasize a transition towards cleaner transportation solutions. Programs similar to incentives for electric vehicle (EV) manufacturers, tax immunity, and subsidies for charging structure development are accelerating market growth. Also, the Public Investment Fund (PIF) is investing in original electric mobility systems, including the establishment of EV manufacturing plants. The Saudi Transport General Authority (TGA) is also calling the line electrification for public transport drivers, further driving demand. Riyadh’s Smart City systems and the launch of the Riyadh Metro system integrate electric buses for last-mile connectivity, pushing embracement. These initiatives inclusively produce a robust regulatory frame supporting the wide deployment of electric buses, icing the sector's long-term expansion.

Rising Demand for Sustainable Transport

The increasing urbanization and population growth in cities like Riyadh, Jeddah, and Dammam are fueling the demand for sustainable public transportation. As per Macrotrends, in 2025, Saudi Arabia's population stands at 37,989,969, up 1.38% from 2024. The government is investing in zero-emission public transit fleets to address air pollution concerns and meet global sustainability goals. The Saudi Public Transport Company (SAPTCO) and other operators are actively introducing electric buses to modernize fleets and enhance operational efficiency. Additionally, the upcoming Neom and Red Sea Project smart cities are incorporating electric bus fleets as part of their sustainable urban planning. The expansion of bus rapid transit (BRT) systems is also driving adoption, as electric buses provide cost-effective and energy-efficient alternatives to diesel buses. With growing environmental awareness and increasing pressure on urban infrastructure, Saudi Arabia is prioritizing e-mobility solutions to improve air quality, reduce congestion, and create a sustainable transportation ecosystem.

Saudi Arabia Electric Buses Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on battery type.

Battery Type Insights:

Lithium Nickel Manganese Cobalt Oxide
Lithium Iron Phosphate

The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lithium nickel manganese cobalt oxide and lithium iron phosphate.

Regional Insights:

Northern and Central Region
Western Region
Eastern Region
Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Electric Buses Market News:

In October 2024, Yutong introduced the E11PRO and D8E, two excellent battery-electric buses, to the Saudi market. The E11PRO, Yutong's first electric bus to be put on the road in Jeddah, performs exceptionally well in the Saudi Arabian extreme high-temperature test and is the company's main model for finishing the "Extremely Hot Challenge" in Jeddah.
In August 2024, keeping with the Kingdom's Vision 2030 objectives to cut carbon emissions, Riyadh Air of Saudi Arabia launched the first bus in its fleet of electric coaches for staff transportation.

Saudi Arabia Electric Buses Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Battery Type Region
Battery Types Covered	Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate
Regions Covered	Northern and Central Region, Western Region, Eastern Region, Southern Region.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Saudi Arabia electric buses market performed so far and how will it perform in the coming years?
What is the breakup of the Saudi Arabia electric buses market on the basis of battery type?
What are the various stages in the value chain of the Saudi Arabia electric buses market?
What are the key driving factors and challenges in the Saudi Arabia electric buses market?
What is the structure of the Saudi Arabia electric buses market and who are the key players?
What is the degree of competition in the Saudi Arabia electric buses market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia electric buses market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia electric buses market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia electric buses industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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