Electric Mid- and Large (9-14m) Bus Market Share to Reach $ 38,920.0 Million Globally by 2032 at 17.5% CAGR

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

The electric mid- and large-sized bus market involves the manufacturing and adoption of electric buses with lengths ranging from 9 to 14 meters. These buses typically cater to public transportation systems, providing an environmentally friendly alternative to traditional internal combustion engine buses.

The global Electric Mid- and Large (9-14m) Bus market size is expected to reach USD 12.25 Million by 2032, according to a new study by Polaris Market Research. The report "Electric Mid- and Large (9-14m) Bus Market Share, Size, Trends, Industry Analysis Report, By Propulsion (FCEV, Diesel/Gasoline/CNG-LNG, HEV/PHEV, BEV, LFP); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global electric Mid- and Large (9-14m) bus industry is experiencing growth propelled by an increasing demand for environmentally friendly, air-purifying, and fuel-efficient buses. Major countries are undertaking initiatives to replace their conventional bus fleets with electric buses. The surge is further fueled by escalating environmental concerns, stringent regulations, and governmental efforts to achieve zero-emission targets.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.polarismarketresearch.com/industry-analysis/electric-mid-and-large-9-14m-bus-market/request-for-sample

The Chinese government's policies favor electric mid- & large buses over their internal combustion engine (ICE) counterparts, providing advantages such as exemptions from specific traffic restrictions or congestion charges, priority access to bus lanes, and preferential parking policies. The New Energy Vehicle Subsidy Program reinforces this preference by granting subsidies based on size and range for the procurement of new energy vehicles, including electric mid- & large buses. For instance, a 12-meter electric bus with a range of 200 kilometers may be eligible for a subsidy of ¥500,000 (USD 75,000). Consequently, China is positioned to wield a significant impact on the future of both the electric bus (ebus) and the overall bus market, maintaining a market share of over 40% for both until 2030.

There is a significant shift anticipated in the procurement practices of operators and cities within the electric mid- & large bus sector. This transition entails a departure from capital expenditure (CAPEX) towards operational expenditure (OPEX)-based purchasing. It involves the adoption of new business models like "bus-as-a-service," "battery-as-a-service," and "depot-as-a-service," driven by the heightened CAPEX costs of electric buses (eBuses) and the necessity for long-term support of batteries and infrastructure. Public transport operators are benefiting from smart card and NFC ticketing solutions introduced by NXP's Mifare, making the original transit cards obsolete in many cities.

Countries seeking to replace their current public bus fleets to electric are exploring electric buses ranging from 9 to 14 meters. For instance, the Indian government is offering incentives, providing up to a 40% reduction in the cost of a bus, equivalent to USD 77,000 for a typical electric bus measuring 10 to 12 meters in length. Such initiatives are expected to boost the acceptance of electric buses in this category in the future.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬:

Many governments around the world have been implementing stringent emissions regulations and promoting sustainable transportation solutions. Incentives, subsidies, and mandates for adopting electric buses have been significant drivers for the growth of the electric bus market.

𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐆𝐨𝐚𝐥𝐬:

Increasing global awareness of environmental issues and the need to reduce carbon emissions has led to a growing demand for sustainable transportation options. Electric buses contribute to the reduction of air pollution and greenhouse gas emissions, aligning with the sustainability goals of both governments and businesses.

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:

The development of high-performance and cost-effective battery technologies has played a crucial role in the growth of the electric bus market. Improvements in energy density, charging infrastructure, and overall battery life have made electric buses more practical and viable for public transportation systems.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3272/2

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

𝐏𝐮𝐛𝐥𝐢𝐜 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧:

Electric mid- and large-sized buses are commonly used in public transportation systems to provide clean and efficient mobility solutions. Municipalities and transit agencies deploy these buses to reduce emissions, improve air quality, and enhance the overall sustainability of their public transit fleets.

𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐚𝐧𝐝 𝐒𝐡𝐮𝐭𝐭𝐥𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬:

Electric buses of this size range are also employed in tourism and shuttle services, providing eco-friendly transportation options for sightseeing tours, airport shuttles, and other similar applications. The quiet operation and reduced environmental impact make them suitable for urban and environmentally sensitive areas.

𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐚𝐧𝐝 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐡𝐮𝐭𝐭𝐥𝐞𝐬:

Many corporations and institutions deploy electric buses for employee transportation within campuses or between different office locations. These buses contribute to corporate sustainability goals and provide a green and efficient mode of transportation for employees.

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

Lithium iron phosphate (LFP) batteries are poised to dominate the market throughout the forecast period. These batteries offer several advantages, including being lightweight, cost-effective, and demonstrating higher thermal stability with enhanced discharge and charge efficiency when compared to NMC batteries. LFP batteries boast a longer lifespan, require minimal maintenance, and provide optimized safety features. Due to these benefits, LFP batteries are extensively utilized in high-performance electric mid- and large buses, delivering a high current rate, ensuring a high voltage-bearing capacity, and featuring an extended cycle life.

The City/Transit Bus segment is set to take the lead in the market by 2023. These buses are highly favored in Asia Pacific, Europe, and North America, particularly for city/transit applications. Their popularity stems from their suitability for urban areas, offering a relatively larger seating capacity and easy maneuverability through narrow city streets, efficiently navigating city traffic. Furthermore, the provided battery range in these buses is sufficient for most urban transit routes, and their ability for relatively quick charging makes them practical for daily operations by public transport bodies.

In 2023, the Asia Pacific region emerged as the leading global market, holding the largest market share. The significant surge in regional demand is primarily attributed to the escalating emphasis on reducing urban pollution and decreasing reliance on fossil fuels, complemented by expanding government initiatives that advocate for clean public transportation. Notably, China stands out as the largest market on a global scale.

The global key market players include AB Volvo, BYD, CAF, VDL Groep, Yutong.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐧𝐝 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 @ https://www.polarismarketresearch.com/industry-analysis/electric-mid-and-large-9-14m-bus-market/request-for-discount-pricing

𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐡𝐚𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐢𝐝- 𝐚𝐧𝐝 𝐋𝐚𝐫𝐠𝐞 (𝟗-𝟏𝟒𝐦) 𝐁𝐮𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐩𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧:

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐢𝐝- 𝐚𝐧𝐝 𝐋𝐚𝐫𝐠𝐞 (𝟗-𝟏𝟒𝐦) 𝐁𝐮𝐬, 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗 - 𝟐𝟎𝟑𝟐)

FCEV
Diesel/Gasoline/CNG-LNG
HEV/PHEV
BEV
LFP

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐢𝐝- 𝐚𝐧𝐝 𝐋𝐚𝐫𝐠𝐞 (𝟗-𝟏𝟒𝐦) 𝐁𝐮𝐬, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗 - 𝟐𝟎𝟑𝟐)

Coaches
City/Transit Bus
School Bus
Midi Bus

𝐓𝐡𝐞 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐂𝐨𝐯𝐞𝐫𝐬 𝐅𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and the rest of South America)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐡𝐞𝐫𝐦𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.linkedin.com/pulse/automotive-battery-thermal-management-system-market-3x2sc

𝐏𝐨𝐰𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐂𝐢𝐫𝐜𝐮𝐢𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.linkedin.com/pulse/power-management-integrated-circuits-market-trends-innovations-hztuc

𝐋𝐢𝐩𝐢𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.linkedin.com/pulse/lipid-regulators-market-trends-analysis-future-outlook-mohit-harne-2e98f

𝐂𝐚𝐦𝐩𝐢𝐧𝐠 𝐂𝐨𝐨𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.linkedin.com/pulse/camping-coolers-market-innovations-trends-growth-a8fef

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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