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Electric Mid- and Large (9-14m) Bus Market Research Report Information By Application (City/Transit Bus, Coaches, Midi Bus, School Bus), By Propulsion (BEV, FCEV, HEV/PHEV, Diesel/Gasoline/CNG-LNG), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032


ID: MRFR/AM/20543-HCR | 128 Pages | Author: Sejal Akre| July 2024

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


The Electric Mid- and Large (9-14m) Bus Market size was valued at USD 9.6 Billion in 2023. The Globalelectric mid- and large (9-14m) bus market industry is projected to grow from USD 11.33 Billion in 2024 to USD 36.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.00% during the forecast period (2024 - 2032).The need for green mobility solutions and the growing urban population density are the main market drivers propelling the market's growth.


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


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


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




  • Growing need for green mobility solutions is driving the market growth




Market CAGR for electric mid- and large (9-14m) bus is being driven by the rising number of green mobility. One significant factor is the growing demand for zero-emission automobiles. Cleaner transportation solutions are becoming more popular as environmental concerns grow. Sustainable transportation is being actively promoted by governments across the globe. To stimulate the use of electric mid- and large buses, policies include tax exemptions, subsidies, and investments in the infrastructure necessary for charging them. Public transportation systems that are both sustainable and efficient are necessary due to the growing population density of cities. Electric buses are essential since they produce no pollutants and are appropriate for urban settings.


Additionally, the use of electric mid- and large 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. The growth of a worldwide supply chain for buses with alternative power trains has been made easier by the increased popularity of electric transit buses. The growing need for zero-emission vehicles, especially in highly crowded metropolitan areas, will fuel the market for electric mid- and large (9-14m) buses for intra-city passenger transit. It is important to note that the price of batteries is strongly correlated with their capacity. Although high-capacity batteries were initially more expensive, continuous price decreases have made them more affordable for end users.


Operators and communities will notice a dramatic change in how they make purchases for electric mid- and large (9-14m) buses. Due to the higher CAPEX cost of the bus and the need for long-term battery and infrastructure support, this will see a shift from CAPEX to OPEX-based purchasing, including the use of new business models like "bus-as-a-service," "battery-as-a-service," and "depot-as-a-service." NXP's Misfire introduced smartcards and NFC ticketing systems for public transportation operators. The initial transit cards are no longer required in the majority of cities. 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. For instance, a significant increase in global production of batteries for electric mid- and large buses with a 100 kWh capacity for Battery Electric Vehicles (BEVs) from 25,000 to 100,000 units annually has the potential to significantly reduce the cost of producing battery packs per kilowatt-hour by 13%, which is almost one-third less than the current price of USD 300/kWh, according to the International Energy Agency (IEA). This resulted in driving the electric mid- and large (9-14m) bus market revenue.


Electric Mid- and Large (9-14m) Bus Market Segment Insights


Electric Mid- and Large (9-14m) Bus Application Insights


The Electric Mid- and Large (9-14m) Bus Market segmentation, based on Application, includes City/Transit Bus, Coaches, Midi Bus, and School Bus. In 2023, the City/Transit Bus segment dominated the market. These buses are mostly to blame for the growth because they are well adapted for use in cities, have a huge seating capacity, are easy to maneuver through congested locations, and can accommodate a large number of passengers. Furthermore, these buses' provided battery range is sufficient for the majority of urban transport routes, and the charging time is not too long.


Electric Mid- and Large (9-14m) Bus Propulsion Insights


The Electric Mid- and Large (9-14m) Bus Market segmentation, based on Propulsion, includes BEV, FCEV, HEV/PHEV, and Diesel/Gasoline/CNG-LNG. In 2023, the FCEV category generated the most income. Governments give electric buses preferred access to public transit routes, tax advantages, and subsidies. 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.


Figure 1: Electric Mid- and Large (9-14m) Bus Market, by Propulsion, 2023 & 2032 (USD Billion)


Electric Mid- and Large (9-14m) Bus Market, by Propulsion, 2023 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Electric Mid- and Large (9-14m) Bus Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Electric Mid- and Large (9-14m) Bus market area will dominate this market, owing to an increase in the need to reduce emissions, particularly in highly populated urban centers.


Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: ELECTRIC MID- AND LARGE (9-14M) BUS MARKET SHARE, BY REGION 2023 (USD Billion)


 ELECTRIC MID- AND LARGE (9-14M) BUS MARKET SHARE, BY REGION 2023


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Electric Mid- and Large (9-14m) Bus market has the second-largest portion of the market. As they produce no emissions, and electric buses are ideal for these zones. Further, the German Electric Mid- and Large (9-14m) Bus market had the biggest market share, and the UK Electric Mid- and Large (9-14m) Bus market was the European market with the quickest rate of growth.


The Asia-Pacific Electric Mid- and Large (9-14m) Bus Market is anticipated to expand between 2024 and 2032 at the quickest CAGR. This is due to strong government backing for the widespread adoption of electric buses in the form of financial incentives. Moreover, China’s Electric Mid- and Large (9-14m) Bus market held the largest proportion of the market, and the Indian Electric Mid- and Large (9-14m) Bus market was the Asia-Pacific region's fastest-growing market.


Electric Mid- and Large (9-14m) Bus Key Market Players & Competitive Insights


Leading market players are putting a lot of money into research and development to expand their product lines, which will drive the market for electric mid- and large (9-14m) bus to expand even further. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, the electric mid- and large (9-14m) bus industry must provide reasonably priced goods.


Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the global electric mid- and large (9-14m) bus industry to help customers and expand the market segment. In recent years, the electric mid- and large (9-14m) bus industry has provided some of the biggest benefits to medicine. Major players in the electric mid- and large (9-14m) bus market, including BYD (China), Yutong (China), CAF (Solaris) (Spain), VDL Groep (Netherlands), and AB Volvo (Sweden), Continental AG (Germany), Bridgestone, Michelin, are engaging in research and development activities in an effort to boost market demand.


A worldwide French tire manufacturer, Michelin SCA ("General Company of the Michelin Enterprises P.L.S."), is situated in Clermont-Ferrand in the Auvergne-Rhône-Alpes region of France. It is bigger than both Goodyear and Continental and ranks as the world's second-largest tire maker after Bridgestone. In May 2019, Michelin confirmed the impending closure of its operations in France and Germany.


Japanese multinational manufacturer Bridgestone Corporation was established in Kurume, Fukuoka, Japan, in 1931 by Shojiro Ishibashi (1889–1976). The Japanese word Ishibashi, which means "stone bridge," is translated and transposed to become the name Bridgestone. It makes golf equipment and tires as its main products. In April 2020, Bridgestone Americas announced intentions to resume its North American commercial tire factories as well as its North American Firestone Industrial Products and Firestone Building Products production facilities owing to demand from vital service providers during the COVID-19 outbreak in Tennessee.


Key Companies in the Electric Mid- and Large (9-14m) Bus Market Include



  • BYD (China)

  • Yutong (China)

  • CAF (Solaris) (Spain)

  • VDL Groep (Netherlands)

  • AB Volvo (Sweden)

  • Continental AG (Germany)

  • Bridgestone

  • Michelin


Electric Mid- and Large (9-14m) Bus Industry Developments


January 2023: VLP Transport placed an order with Daimler for 45 buses to be used for interstate transportation.


September 2022: The Urbino 18 model has a contemporary hydrogen fuel cell installed. It facilitates long-distance travel because it has 138 seats and can go 350 km on a single refill.


January 2022: Proterra and Scale Microgrid Solutions will work with the Valley Transportation Authority (VTA) in Santa Clara City, California, to develop an innovative, sustainable energy microgrid and EV fleet charging infrastructure. This research will demonstrate how fleet-scale electric car charging in conjunction with sustainable energy may facilitate the introduction of completely electric vehicle fleets.


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


Electric Mid- and Large (9-14m) Bus Application Outlook



  • City/Transit Bus

  • Coaches

  • Midi Bus

  • School Bus


Electric Mid- and Large (9-14m) Bus Propulsion Outlook



  • BEV

  • FCEV

  • HEV/PHEV

  • Diesel/Gasoline/CNG-LNG


Electric Mid- and Large (9-14m) Bus Regional Outlook



North America



  • US

  • Canada


Europe



  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe


Asia-Pacific



  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific


Rest of the World



  • Middle East

  • Africa

  • Latin America


Report Attribute/Metric Details
Market Size 2023 USD 9.6 Billion
Market Size 2024 USD 11.33 Billion
Market Size 2032 USD 36.1 Billion
Compound Annual Growth Rate (CAGR) 18.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Application, Propulsion, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Key Companies Profiled BYD (China), Yutong (China), CAF (Solaris) (Spain), VDL Groep (Netherlands), AB Volvo (Sweden), Continental AG (Germany), Bridgestone and Michelin
Key Market Opportunities Growing urban population density
Key Market Dynamics Increase in need for green mobility solutions


Frequently Asked Questions (FAQ) :

The Electric Mid- and Large (9-14m) Bus Market size was valued at USD 9.6 Billion in 2023.

The global market is projected to grow at a CAGR of 18.00% during the forecast period, 2024-2032.

North America had the largest share of the global market

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

The City/Transit Bus category dominated the market in 2023.

The FCEV category had the largest share in the global market.

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