Electric Mid- and Large (9-14m) Bus Market Size, Share, By Propulsion System (BEV, FCEV, and HEV/PHEV), By Application (City/Transit Bus, Coach, Midi Buses, and School Bus), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Electric Mid- and Large (9-14m) Bus Market Size was valued at US$ 11.1 billion in 2024 and is expected to grow at a CAGR of 19.2% to reach US$ 55.1 billion by 2034

Electric Mid- and Large (9-14m) Buses are electric buses intended to meet urban and intercity transit needs. These buses have electric propulsion systems instead of conventional internal combustion engines and are powered by colossal lithium-ion battery packs or other cutting-edge battery technology. They are categorized as large or mid-size buses since they can hold many passengers and range in length from 9 to 14 meters. These emission-free and environmentally friendly electric buses are a great substitute for traditional diesel or gasoline-powered buses, whether they are used for shuttle services or permanent routes. They are outfitted with sophisticated regenerative braking systems to collect energy during deceleration and boost energy efficiency and range. Depending on the application and operational requirements, electric mid- and large (9–14 m) buses are usually recharged by dedicated charging stations using plug-in or opportunity charging systems.

Stricter emission laws in many areas, growing concerns about environmental pollution, the need for sustainable transportation options, and the possibility of long-term cost savings through lower fuel and maintenance costs are the main factors driving the Market for electric mid- and large (9–14 m) buses. Nevertheless, The Market is constrained by factors like the higher initial cost of electric buses compared to diesel buses, issues with battery life and range, and the requirement for large-scale infrastructure investment for charging. Furthermore, the development of more economical and efficient battery technologies, as well as the availability of raw materials for battery production, may have an impact on this Market's expansion.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Key Drivers of Target Market:

Providing environmental sustainability:

• Air pollution and greenhouse gas emissions are caused mainly by the transportation industry, especially in highly populated urban areas. Since they emit no direct emissions, electric buses provide a sustainable alternative that lowers carbon emissions and improves air quality. This is in line with international efforts to mitigate climate change and achieve environmental sustainability targets established by different international accords and municipal and national laws.
• Globally, governments and municipal authorities are enforcing strict emission regulations and providing incentives for adopting electric buses as part of their more extensive plans to lower urban air pollution levels and advance sustainable modes of transportation. Electric buses are a vital part of many cities' ambitious plans to convert their fleets of public vehicles to zero-emission cars. Electric buses are also becoming increasingly popular in the public and private sectors due to the public's increased awareness of and worries about the environmental impact of transportation and the need for cleaner, more sustainable mobility alternatives.

Long-term cost saving:

• Electric buses have a larger initial capital cost than traditional diesel buses but have a large potential for long-term cost reductions. Because electric buses run on electricity rather than diesel or gasoline, their operational costs are lower due to lower fuel expenses. This gives them a more consistent and predictable operating cost structure and protects them from changes in fuel prices.
• Moreover, electric buses have fewer moving parts and require less maintenance than buses with internal combustion engines. Exhaust systems, complex mechanical components, and transmissions are examples of missing engine components, which lowers maintenance costs and downtime while increasing operating efficiency and service life. Furthermore, many governments and regulatory agencies provide tax credits, subsidies, and other incentives to promote the usage of electric buses, which ultimately makes them a more cost-effective choice for fleet managers and transit operators.

Restrains:

Limited battery power:

• The restricted range and battery life of electric mid- and big buses is a crucial barrier to their broad implementation. The power needed for heating, cooling, and other auxiliary systems, along with the weight and size of these buses, might cause the battery to lose a lot of charge. Compared to traditional diesel or gasoline-powered buses, this results in a limited operating range, which can be a significant problem for longer routes or companies that need longer service hours without regular opportunities for recharging.

Opportunities:

Advancements in battery technology:

• Continuous improvements in battery technology offer a substantial chance for the Electric mid- and large bus market (9-14m) to expand. The goals of ongoing research and development are to lower the overall cost of batteries while also enhancing energy density and prolonging battery life. New battery chemistries, including solid-state batteries, may solve existing lithium-ion batteries' range and charging time constraints by providing a higher energy density and faster charging speed.
• Creating a more economical and efficient charging infrastructure is also a significant opportunity for this sector. Electric buses can operate more conveniently and efficiently by reducing downtime and maximizing charging strategies through wireless charging technologies, rapid charging systems, and optimal charging methods. Adopting these economical and ecologically friendly transportation options will be fueled by the tremendous improvement in battery technology and the broader availability of charging infrastructure compatible with electric mid- and big buses.

The Market is segmented based on Propulsion System, Application, and Region.

Propulsion System Insights:

• BEV: This is the leading and fastest-growing category. BEVs are electric buses that are powered by electric motors and include onboard batteries for energy storage. Because of improvements in battery technology that allow for more extended range and quicker charge periods, they are growing in popularity and have zero exhaust emissions.
• FCEV: This section uses hydrogen fuel cells to power the motor with energy. Compared to certain BEVs, FCEVs have longer ranges, but they also need a network of hydrogen refueling stations, which are currently less common.
• HEV/PHEV: This section combines a conventional internal combustion engine with an electric motor. Although they provide a backup alternative if the battery runs out, HEVs are often less efficient than BEVs.

Application Insights:

• City/Transit Bus: Electric buses replace conventional diesel buses in urban public transportation networks, making this the most significant sector. These buses have zero tailpipe emissions, which helps cities' air quality.
• Coach: This section covers electric touring coaches intended for interstate travel. For longer trips, these coaches provide a more environmentally friendly option to conventional diesel coaches.
• Midi Buses: This class caters to shorter electric buses (usually 7-8 meters). These buses are perfect for applications needing agility in confined places, such as airports or college campuses or feeder routes in public transit networks.
• School Bus: This new series investigates school transportation using electric buses. Electric buses are quieter and better for the environment than diesel school buses.

Regional Insights

• North America: Electric mid- to large-sized buses are anticipated to find significant market share in North America, mainly in the United States and Canada. Electric bus adoption is being driven by the region's strong emphasis on lowering greenhouse gas emissions and supporting clean transportation efforts in major cities like Toronto, Los Angeles, and New York. The Market's expansion in this area is facilitated by favorable government policies, subsidies, and regulations; significant electric bus manufacturers are present, and demand for environmentally friendly transportation options is rising.
• Asia Pacific: The Market for electric mid- and big buses is anticipated to develop significantly in the Asia Pacific due to government initiatives, concerns about air pollution, and the region's growing urbanization. The presence of significant electric bus manufacturers, favorable policies, and subsidies have made China the most important Market. Electric bus adoption is actively pursued by nations including South Korea, Japan, and India to reduce environmental issues and enhance urban mobility. The demand for electric buses is being driven by the region's focus on building sustainable transportation solutions and smart city infrastructure.
• Europe: Due to the EU's sustainability goals and strict emission rules, Europe is expected to be a major market for electric mid- and big buses. With bold plans to phase out diesel buses, nations like Norway, the Netherlands, Germany, and France are leading the way in adopting electric buses. Manufacturers, transit authorities, and energy providers working together, offering incentives and subsidies, are making integrating electric buses into the region's current transportation networks more accessible.
• Latin America: Due to urbanization, air quality issues, and the demand for environmentally friendly transportation options, the South American Market for electric mid- and large buses is predicted to increase steadily. To solve environmental issues and enhance urban transportation, nations including Brazil, Chile, and Colombia are investigating the use of electric buses. Government incentives, support programs, and alliances with foreign producers will be essential to the growth of this sector.
• Middle East and Africa: The electric mid- and big bus market is expected to develop moderately across the Middle East and Africa, with differing adoption rates among the participating nations. As part of their efforts to promote sustainability and smart cities, nations including South Africa, Saudi Arabia, and the United Arab Emirates are introducing electric buses.

Electric Mid- and Large (9-14m) Bus Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, the target market report is based on Propulsion System, Application, and Region.

By Propulsion System:

• BEV
• FCEV
• HEV/PHEV

By Application:

• City/Transit Bus
• Coach
• Midi Buses
• School Bus

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Electric Mid- and Large (9-14m) Bus Market include BYD, Yutong, CAF (Solaris), VDL Groep, AB Volvo, Continental AG, Bridgestone, Michelin, Tata Motors, King Long, Ashok Leyland, JBM Auto Limited, and Daimler.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In March 2024, MZA Warszawa bought another 12 Urbino 12 electric buses from Solaris for use in Warsaw, Poland. These cars will be added to the 152 Solaris electric buses the Polish capital has already received. A deal signed in December 2023 also calls for the company to supply the operator with 12 articulated Urbino 18 electric buses.
• In December 2023, Mitsui & Co. (Japan) and VDL Groep (Netherlands) formed a strategic relationship with Pune-based EKA Mobility, a provider of electric cars and technologies. It states that this action aims to position India as a worldwide leader in environmentally friendly transportation. Phased investments of around $100 million (Rs 850 crore) will be made in the cooperation. EKA Mobility claims that this is one of the most significant partnerships in India's emerging mobility segment to accelerate the development and adoption of cutting-edge electric mobility solutions worldwide. It combines the strengths and expertise of three major Asian and European automotive conglomerates.

• BYD*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Yutong
• CAF (Solaris)
• VDL Groep
• AB Volvo
• Continental AG
• Bridgestone
• Michelin
• Tata Motors
• King Long
• Ashok Leyland
• JBM Auto Limited
• Daimler

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Preview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Propulsion System
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Product Launch
   • Merger and Acquisitions
   • Impact Analysis
   • PEST Analysis
   • Porter’s Analysis

Market Segmentation, Propulsion System, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• BEV
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• FCEV
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• HEV/PHEV
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• City/Transit Bus
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Coach
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Midi Buses
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

• School Bus
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S
    • Canada
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Europe
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
• Latin America
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East and Africa
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East and Africa

Competitive Landscape

• Heat Map Analysis
• Company Profiles
  • BYD
  • Yutong
  • CAF (Solaris)
  • VDL Groep
  • AB Volvo
  • Continental AG
  • Bridgestone
  • Michelin
  • Tata Motors
  • King Long
  • Ashok Leyland
  • JBM Auto Limited
  • Daimler

The Last Word

• Future Impact
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