Electric Mid- and Large (9-14m) Bus Market is predicted to reach USD 36.1 billion at a CAGR of 18.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Electric Mid- and Large (9-14m) Bus Market”.

The electric mid- and large (9-14m) bus market is estimated to register a CAGR of 18.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global electric mid- and large (9-14m) bus market— BYD (China), Yutong (China), CAF (Solaris) (Spain), VDL Groep (Netherlands), AB Volvo (Sweden), Continental AG (Germany), Bridgestone and Michelin.

Market Highlights

The global electric mid- and large (9-14m) bus market is accounted to register a CAGR of 18.00% during the forecast period and is estimated to reach USD 36.1 billion by 2032.

Globally, the use of electric mid- and large (9-14) buses is expected to increase due to a number of causes, including government purchase incentives, tax exemptions, low-emission zone establishment, strict emission rules, and falling battery prices. Electric buses, both mid- and large-sized, must choose between lengthier charging times and a reduced driving range between charges. The performance and lifespan of the batteries have a significant impact on the cost and effectiveness of these buses.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Global Electric Mid- and Large (9-14m) Bus Market

Segment Analysis

The global electric mid- and large (9-14m) bus market has been segmented based on Application and Propulsion.

On the basis of application, the market is segmented into city/transit bus, coaches, midi bus, and school bus. The city/transit bus segment was attributed to holding the largest market share in 2023. This is because the buses' battery range is adequate for most urban transit routes, and charging takes only a short while.

Based on propulsion, the global electric mid- and large (9-14m) bus market has been segmented into BEV, FCEV, HEV/PHEV, and Diesel/Gasoline/CNG-LNG. The FCEV segment was expected to hold the largest market share in 2023. This is a result of government subsidies, tax breaks, and favored access to public transportation routes for electric buses. Infrastructure investments for charging FCEVs are another way to promote their adoption. Because they produce no emissions and can function in crowded spaces, electric mid- and big buses, including FCEVs, are ideal for urban settings.

Regional Analysis

The global electric mid- and large (9-14m) bus market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe electric mid- and large (9-14m) bus market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The electric mid- and large (9-14m) bus market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World electric mid- and large (9-14m) bus market comprises the Middle East, Africa, and Latin America.

The largest market share for electric mid- and large (9-14m) bus was maintained by the North American regional sector. This increase is attributed to stricter emission regulations in North America. The demand for electric mid- and big buses is being driven by the need to reduce emissions, particularly in highly populated urban centers. These cars minimize their impact on the environment while making a substantial contribution to passenger transportation within cities. One important factor is the declining cost of batteries for electric buses. Fleet operators find electric buses to be an appealing option as their overall cost becomes more competitive due to the ongoing decline in battery prices.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for electric mid- and large (9-14m) bus is driven by rising low-emission zones that have been established across Europe. Because they produce no emissions, electric buses are ideal for these zones. Preferential access to certain locations benefits operators, which encourages adoption even more. An international supply chain for buses with alternative powertrains has been made easier by the increasing use of electric transit buses.

Additionally, the foundation of the domination is a number of reasons, including strong government backing for the widespread adoption of electric buses in the form of financial incentives, regulatory actions, and infrastructure development projects. Additionally, there is a growing need for public transportation due to the Asia-Pacific region's rapid urbanization and economic expansion with alternative powertrains, which have been made easier by the increasing use of electric transit buses.

Furthermore, the rest of the world's electric mid- and large (9-14m) bus market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rising number of causes, including government purchase incentives, tax exemptions, and low-emission zone establishment. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global electric mid- and large (9-14m) bus market is expected to reach USD 36.1 billion by 2032, at a CAGR of 18.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasingly strong government backing for the widespread adoption of electric buses in the form of financial incentives.


• Based on application, the city/transit bus segment was attributed to holding the largest market share in 2023.


• BYD (China), Yutong (China), CAF (Solaris) (Spain), VDL Groep (Netherlands), AB Volvo (Sweden), Continental AG (Germany), Bridgestone and Michelin are the key market players.