Major Force in the Electric Mid- And Large (9-14m) Bus Market 2025: Increasing Demand For Public Transportation Drives Growth In The Electric Mid- And Large-Sized Bus Market

How Will the Electric Mid- And Large (9-14m) Bus Market Grow, and What Is the Projected Market Size?
Over the years, the electric mid- and large (9-14m) bus market has seen a swift expansion. It is set to increase from $8.84 billion in 2024 to $10.25 billion in 2025, with a compound annual growth rate (CAGR) of 16.0%. Factors such as environmental considerations and regulations, governmental initiatives and incentives, urbanisation, and the increased demand for public transportation credit for the growth in the historical period.

The market size for mid- to large-sized (9-14m) electric buses is anticipated to experience a significant surge in the coming years. It is projected to reach a value of $18.28 billion by 2029, with a compound annual growth rate (CAGR) of 15.6%. The forecasted growth can be linked to the efficiency of electric drivetrains, governmental backing and incentives, measures to combat climate change, public advocacy for greener transportation, and the integration of autonomous technology. The projected period will see major trends such as improvements in battery technology, the inclusion of smart features, and the development of a broader charging infrastructure.

What Is Stimulating Growth in the Electric Mid- And Large (9-14m) Bus Market?
The anticipated surge in public transportation need is predicted to fuel the expansion of the electric, medium to large (9-14m) bus market. Public transportation, also referred to as public transit or mass transit, includes varying types of transit options that are open to the public and operate on set paths and timetables. Numerous factors such as demographic shifts, eco-friendly demands, economic conditions, technological advancements and changes in societal views are the driving forces behind this increased demand for public transport. Medium and larger sized buses (9-14 meters) play an integral role in improving the capacity, efficiency, and sustainability of public transportation systems. Given their capacity to accommodate many passengers coupled with the advantages of modern electric bus technology, they become an invaluable resource in addressing the escalating demand for public transportation in urban as well as suburban regions. For example, the data from the Metropolitan Transportation Authority, a US-based transport network, shows that the total annual bus ridership in the US soared from 71.4 million rides in 2021 to 82.6 million in 2022. In addition, the annual subway ridership in the US rose from 75.9 million in 2021 to a staggering 1.01 billion rides in 2022. Hence, this rising demand for public transport is stimulating the growth of the electric medium to large (9-14m) bus market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16406&type=smp

Who Are the Major Industry Players Fueling Electric Mid- And Large (9-14m) Bus Market Expansion?
Major companies operating in the electric mid- and large (9-14M) bus market are BYD Company Ltd., Daimler Truck AG, Tata Motors, AB Volvo, CRRC Zhuzhou Locomotive Co. Ltd., Cummins Inc., Transdev, Yutong Bus Co. Ltd., NFI Group, Blue Bird Corporation, Solaris Bus & Coach sp. z o.o., Nova Bus, VDL Bus & Coach, Proterra Inc., Anhui Ankai Automobile Co. Ltd., Lion Electric Co., Pelican Engineering Group, GreenPower Motor Company, Jefferson Transit Authority, Eicher Motors Limited

Which Key Developments Are Influencing the Electric Mid- And Large (9-14m) Bus Market?
Major corporations in the 9 -14m electric mid- and large bus sector are concentrating on creating breakthrough products like hydrogen-fueled fuel cell electric automobiles (FCEVs) as a viable non-emissions alternative to traditional battery-powered buses. The term hydrogen-fueled fuel cell electric vehicles (FCEVs) means cars that are powered by hydrogen and transform this into electricity using a chemical process in the fuel cell. To illustrate, in October 2023, Italian car company Iveco Group N.V. in conjunction with South Korean car manufacturer Hyundai Motor Company, unveiled the IVECO BUS E-WAY H2, a 12-meter hydrogen-fueled fuel cell low-base urban bus. The vehicle is innovated with a hybrid-mid power design which perfectly charges the bus, thereby amplifying the battery pack and fuel cell system's efficiency and durability to their maximum potential. The 12-meter E-WAY H2 urban low-base bus is equipped with a 310-kW electric motor and a sophisticated fuel cell. It contains four hydrogen tanks that can store 7.8 kg of hydrogen and a 69 kWh battery pack sourced from FPT Industrial, the powertrain technology branch of Iveco Group. This configuration grants the bus a travel distance of 450 km under regular operating circumstances.

How Is the Segmentation of the Electric Mid- And Large (9-14m) Bus Market Defined?
The electric mid- and large (9-14m) bus market covered in this report is segmented -

1) By Propulsion: Fuel Cell Electric Vehicle (FCEV), Diesel, Gasoline, Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG), Hybrid Electric Vehicle (HEV) And Plug-In Electric Vehicle (PEV), Battery Electric Vehicle (BEV), Lithium Iron Phosphate (LFP)
2) By Seating Capacity: 70 Seats And Above, Below 70 Seats
3) By Level Of Autonomy: Autonomous, Manual, Semi-Autonomous
4) By Application: Coaches, City Or Transit Bus, School Bus, Midi Bus
5) By End-Use: Private, Public

Subsegments:
1) By Fuel Cell Electric Vehicle (Fcev): Proton Exchange Membrane Fuel Cells (Pemfc), Solid Oxide Fuel Cells (Sofc)
2) By Diesel: Standard Diesel Buses, Low Emission Diesel Buses
3) By Gasoline: Standard Gasoline Buses, Low Emission Gasoline Buses
4) By Compressed Natural Gas (Cng): Cng Buses For Urban Transport, Cng Buses For Intercity Routes
5) By Liquefied Natural Gas (Lng): Lng Buses For Long-Distance Routes, Lng Buses For High Capacity Urban Routes
6) By Hybrid Electric Vehicle (Hev) And Plug-In Electric Vehicle (Pev): Hev (Hybrid), Pev (Plug-In Hybrid)
7) By Battery Electric Vehicle (Bev): Standard Battery Electric Buses, Fast Charging Battery Electric Buses, Overnight Charging Battery Electric Buses
8) By Lithium Iron Phosphate (Lfp): Lfp Battery-Powered Buses For Urban Transport, Lfp Battery-Powered Buses For Long-Distance Routes

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electric-mid-and-large-9-14m-bus-global-market-report

What Is the Leading Region in the Electric Mid- And Large (9-14m) Bus Market?
North America was the largest region in the electric mid- and large (9-14M) bus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric mid- and large (9-14m) bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Electric Mid- And Large (9-14m) Bus Global Market Report?

- Market Size Analysis: Analyze the Electric Mid- And Large (9-14m) Bus Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Mid- And Large (9-14m) Bus Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Mid- And Large (9-14m) Bus Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Mid- And Large (9-14m) Bus Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16406

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.