Electric Mid- & Large Bus Market by Type, Seating Capacity (70 Seats and Above, Below 70 Seats), Level of Autonomy, Application, End-use

List of Tables

The Electric Mid- & Large Bus Market was valued at USD 31.73 billion in 2023, expected to reach USD 36.27 billion in 2024, and is projected to grow at a CAGR of 15.16%, to USD 85.28 billion by 2030.

The electric mid- and large-bus market is defined by buses going beyond traditional combustion engines, primarily powered by electric batteries. These buses are crucial for reducing urban pollution and dependency on fossil fuels, contributing to sustainable public transportation. Their application spans public transit systems, school and shuttle services, and intercity travel, with end uses benefiting municipalities, educational institutions, and private players seeking sustainable fleet options. The market growth is propelled by government policies favoring green transportation, technological advancements in battery life and charging infrastructure, and growing urbanization leading to increased transit needs. Opportunities abound in regions where urban air pollution is a concern, particularly in Asia-Pacific and European areas promoting zero-emission mandates. Manufacturers investing in cutting-edge battery technology and capitalizing on government incentives in the form of subsidies and grants could stand to gain significantly. However, growth is hindered by high initial costs, insufficient charging infrastructure in developing regions, and technological challenges related to battery disposal and recycling. The market also faces resistance from stakeholders concerned over the longevity and reliability of electric buses compared to diesel counterparts. Areas ripe for innovation include longer-range batteries, improved charging solutions, and smart fleet management systems that optimize bus routes and energy consumption to enhance efficiency. Research into hybrid systems that can bridge gaps in infrastructure could also prove beneficial. The nature of the electric bus market is dynamic, with traditional manufacturers rapidly adapting and new entrants focused solely on electric solutions making significant strides. Businesses with an eye on innovation and a willingness to collaborate with tech and energy companies can navigate this transformative era in public transportation effectively.

KEY MARKET STATISTICS
Base Year [2023]	USD 31.73 billion
Estimated Year [2024]	USD 36.27 billion
Forecast Year [2030]	USD 85.28 billion
CAGR (%)	15.16%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electric Mid- & Large Bus Market

The Electric Mid- & Large Bus Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing adoption of electric vehicles in the commercial vehicle segment
- Government support for the electrification of public transport
- Implementation of stringent emission norms and environmental regulations
Market Restraints
- High cost of development of electric buses
Market Opportunities
- Growing introduction of technologically advanced mid and large-electric buses
- Rising investment to expand the electric vehicle charging infrastructure
Market Challenges
- Range issues with electric buses

Porter's Five Forces: A Strategic Tool for Navigating the Electric Mid- & Large Bus Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electric Mid- & Large Bus Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electric Mid- & Large Bus Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electric Mid- & Large Bus Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electric Mid- & Large Bus Market

A detailed market share analysis in the Electric Mid- & Large Bus Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electric Mid- & Large Bus Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electric Mid- & Large Bus Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electric Mid- & Large Bus Market

A strategic analysis of the Electric Mid- & Large Bus Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electric Mid- & Large Bus Market, highlighting leading vendors and their innovative profiles. These include Anhui Ankai Automobile Co., Ltd., Blue Bird Corporation, BYD Motors Inc., Construcciones y Auxiliar de Ferrocarriles, S.A., CRRC Corporation Limited, Cummins Inc., Eicher Motors Limited, Gillig LLC, GreenPower Motor Company, Lion Electric Company, Mercedes-Benz Group AG, Motiv Power Systems, Inc., NFI Group Inc., Olectra Greentech Limited, Pelican Engineering Co Ltd, Proterra Inc., REV Group Inc., Tata Motors Limited, The Lion Electric Company, Thomas Built Buses Inc., TRANSDEV Group, Traton Group, Volvo Group, Xiamen King Long International Trading Co.,Ltd., and Yutong Buses Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Mid- & Large Bus Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Battery Electric Vehicle, Fuel Cell Electric Vehicle, and Plug-in Hybrid Electric Vehicle.
Based on Seating Capacity, market is studied across 70 Seats and Above and Below 70 Seats.
Based on Level of Autonomy, market is studied across Autonomous, Manual, and Semi-Autonomous.
Based on Application, market is studied across Intercity and Intracity.
Based on End-use, market is studied across Private and Public.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-DE517DBDEEDC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of electric vehicles in the commercial vehicle segment
  - 5.1.1.2. Government support for the electrification of public transport
  - 5.1.1.3. Implementation of stringent emission norms and environmental regulations
- 5.1.2. Restraints
  - 5.1.2.1. High cost of development of electric buses
- 5.1.3. Opportunities
  - 5.1.3.1. Growing introduction of technologically advanced mid and large-electric buses
  - 5.1.3.2. Rising investment to expand the electric vehicle charging infrastructure
- 5.1.4. Challenges
  - 5.1.4.1. Range issues with electric buses
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing usage of fuel cell electric vehicles (FCEVs) for operations where longer-range and quick refueling
- 5.2.2. Seating Capacity: Rising significance of electric buses with 70 seats and above for long-distance transportation
- 5.2.3. Application: Increasing demand for electric mid- & large buses for intercity applications for prolonged traveling
- 5.2.4. End-use: Rising potential of electric mid- and large buses across the public sector, which can integrate with existing public transportation infrastructure
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electric Mid- & Large Bus Market, by Type

6.1. Introduction
6.2. Battery Electric Vehicle
6.3. Fuel Cell Electric Vehicle
6.4. Plug-in Hybrid Electric Vehicle

7. Electric Mid- & Large Bus Market, by Seating Capacity

7.1. Introduction
7.2. 70 Seats and Above
7.3. Below 70 Seats

8. Electric Mid- & Large Bus Market, by Level of Autonomy

8.1. Introduction
8.2. Autonomous
8.3. Manual
8.4. Semi-Autonomous

9. Electric Mid- & Large Bus Market, by Application

9.1. Introduction
9.2. Intercity
9.3. Intracity

10. Electric Mid- & Large Bus Market, by End-use

10.1. Introduction
10.2. Private
10.3. Public

11. Americas Electric Mid- & Large Bus Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Electric Mid- & Large Bus Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Electric Mid- & Large Bus Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Higer Unveils 3 Pure Electric Buses at Busworld 2023
- 14.3.2. BYD Premieres Two New Pure-electric Buses at Busworld 2023
- 14.3.3. Lion Electric Celebrates Official Opening of Largest All-Electric U.S. Manufacturing Facility Dedicated to Medium and Heavy-Duty Commercial Vehicle Production
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Anhui Ankai Automobile Co., Ltd.
2. Blue Bird Corporation
3. BYD Motors Inc.
4. Construcciones y Auxiliar de Ferrocarriles, S.A.
5. CRRC Corporation Limited
6. Cummins Inc.
7. Eicher Motors Limited
8. Gillig LLC
9. GreenPower Motor Company
10. Lion Electric Company
11. Mercedes-Benz Group AG
12. Motiv Power Systems, Inc.
13. NFI Group Inc.
14. Olectra Greentech Limited
15. Pelican Engineering Co Ltd
16. Proterra Inc.
17. REV Group Inc.
18. Tata Motors Limited
19. The Lion Electric Company
20. Thomas Built Buses Inc.
21. TRANSDEV Group
22. Traton Group
23. Volvo Group
24. Xiamen King Long International Trading Co.,Ltd.
25. Yutong Buses Co. Ltd.