PUBLISHER: The Business Research Company | PRODUCT CODE: 1531938
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531938
Electric mid- and large (9-14m) buses are buses powered by electricity and range in length from 9 to 14 meters. These vehicles offer a sustainable and environmentally friendly alternative to traditional diesel or gasoline-powered buses. They are increasingly adopted by cities and transit authorities globally to promote sustainable urban mobility and reduce the environmental impact of public transportation systems.
The main propulsion systems for electric mid- and large (9-14m) buses include fuel cell electric vehicles (FCEV), diesel, gasoline, compressed natural gas (CNG), liquefied natural gas (LNG), hybrid electric vehicles (HEV) and plug-in electric vehicles (PEV), battery electric vehicles (BEV), and lithium iron phosphate (LFP). Fuel cell electric vehicles (FCEVs) utilize hydrogen to generate electricity for powering the vehicle's electric motor. These buses are available with seating configurations catering to capacities above 70 seats as well as below 70 seats, and they are equipped with autonomous, manual, and semi-autonomous driving modes. They serve various purposes such as coaches, city or transit buses, school buses, and midi buses, catering to both private and public sector users.
The electric mid- and large (9-14m) bus market research report is one of a series of new reports from The Business Research Company that provides electric mid- and large (9-14m) bus market statistics, including the electric mid- and large (9-14m) bus industry global market size, regional shares, competitors with electric mid- and large (9-14m) bus market share, detailed electric mid- and large (9-14m) bus market segments, market trends, and opportunities, and any further data you may need to thrive in the electric mid- and large (9-14m) bus industry. These electric mid- and large (9-14m) bus market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electric mid- and Large (9-14m) bus market size has grown rapidly in recent years. It will grow from $7.66 billion in 2023 to $8.84 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth during the historic period can be attributed to increasing environmental concerns and regulations, government policies and incentives promoting sustainable practices, urbanization trends, and rising demand for public transportation services.
The electric mid- and Large (9-14m) bus market size is expected to see rapid growth in the next few years. It will grow to $15.83 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to improvements in electric drivetrain efficiency, strong government support and incentives, efforts to mitigate climate change, increasing public demand for clean transportation options, and advancements in autonomous technology. Major trends expected during this period include breakthroughs in battery technology, integration of smart features into vehicles, and the expansion of charging infrastructure to support electric vehicles.
The electric mid- and large (9-14m) bus market is poised for growth due to increasing demand for public transportation. Public transportation, including buses operating on fixed routes and schedules, is gaining popularity driven by demographic shifts, environmental concerns, economic factors, technological advancements, and evolving societal attitudes. Mid- and large-sized buses play a critical role in enhancing the capacity, efficiency, and sustainability of public transport systems. These buses can accommodate large numbers of passengers and leverage modern electric bus technologies, making them essential for meeting the rising demand for urban and suburban transit services. For example, the Metropolitan Transportation Authority reported an increase in bus ridership from 71.4 million rides in 2021 to 82.6 million rides in 2022, and subway ridership rose from 75.9 million to 1.01 billion rides during the same period. Hence, the growing demand for public transportation is driving the expansion of the electric mid- and large (9-14m) bus market.
Leading companies in this market are focused on innovating products such as hydrogen-powered fuel cell electric vehicles (FCEVs) to provide zero-emission alternatives to battery-electric buses. FCEVs utilize hydrogen as fuel, converting it into electricity through a chemical reaction in the fuel cell. For instance, Iveco Group N.V. and Hyundai Motor Company launched the IVECO BUS E-WAY H2 in October 2023, a 12-meter hydrogen-powered fuel cell low-floor city bus. This bus features a hybrid-mid power concept that optimizes charging for the onboard battery pack and fuel cell system, maximizing efficiency and durability. Equipped with a 310-kW electric motor, advanced fuel cell technology, and four hydrogen tanks holding 7.8 kg of hydrogen, along with a 69 kWh battery pack, the E-WAY H2 achieves a range of 450 km under typical operating conditions.
In July 2023, Sudwestdeutsche Landesverkehrs GmbH, a German public transport company, purchased 25 electric buses from Ebusco to enhance its sustainable mobility efforts. These 12-meter Ebusco 2.2 model buses will be deployed in the Baden-Wurttemberg region, expected to cover approximately 60,000 km annually. Ebusco, based in the Netherlands, specializes in manufacturing electric buses, contributing to the advancement of eco-friendly transit solutions.
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
North America was the largest region in the electric mid- and large (9-14M) bus market in 2023. 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.
The countries covered in the electric mid- and large (9-14m) bus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric mid-and large (9-14m) buses market also consists of sales of battery electric buses, plug-in hybrid electric buses, fuel cell electric buses, and trolleybuses. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Mid- And Large (9-14m) Bus Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric mid- and large (9-14m) bus market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric mid- and large (9-14m) bus ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric mid- and large (9-14m) bus market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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