Electric Mid- and Large (9-14m) Bus Market $38.920.0 Million By 2032,CAGR: 17.5%

Electric Mid- and Large (9-14m) Bus Market Size Worth $ 38.920.0 Million By 2032 | CAGR: 17.5%

The global Electric Mid- and Large (9-14m) Bus market size is expected to reach USD 12.25 Million by 2032, according to a new study by Polaris Market Research. The report “Electric Mid- and Large (9-14m) Bus Market Share, Size, Trends, Industry Analysis Report, By Propulsion (FCEV, Diesel/Gasoline/CNG-LNG, HEV/PHEV, BEV, LFP); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global electric Mid- and Large (9-14m) bus industry is experiencing growth propelled by an increasing demand for environmentally friendly, air-purifying, and fuel-efficient buses. Major countries are undertaking initiatives to replace their conventional bus fleets with electric buses. The surge is further fueled by escalating environmental concerns, stringent regulations, and governmental efforts to achieve zero-emission targets.

The Chinese government's policies favor electric mid- & large buses over their internal combustion engine (ICE) counterparts, providing advantages such as exemptions from specific traffic restrictions or congestion charges, priority access to bus lanes, and preferential parking policies. The New Energy Vehicle Subsidy Program reinforces this preference by granting subsidies based on size and range for the procurement of new energy vehicles, including electric mid- & large buses. For instance, a 12-meter electric bus with a range of 200 kilometers may be eligible for a subsidy of ¥500,000 (USD 75,000). Consequently, China is positioned to wield a significant impact on the future of both the electric bus (ebus) and the overall bus market, maintaining a market share of over 40% for both until 2030.

There is a significant shift anticipated in the procurement practices of operators and cities within the electric mid- & large bus sector. This transition entails a departure from capital expenditure (CAPEX) towards operational expenditure (OPEX)-based purchasing. It involves the adoption of new business models like "bus-as-a-service," "battery-as-a-service," and "depot-as-a-service," driven by the heightened CAPEX costs of electric buses (eBuses) and the necessity for long-term support of batteries and infrastructure. Public transport operators are benefiting from smart card and NFC ticketing solutions introduced by NXP's Mifare, making the original transit cards obsolete in many cities.

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Countries seeking to replace their current public bus fleets to electric are exploring electric buses ranging from 9 to 14 meters. For instance, the Indian government is offering incentives, providing up to a 40% reduction in the cost of a bus, equivalent to USD 77,000 for a typical electric bus measuring 10 to 12 meters in length. Such initiatives are expected to boost the acceptance of electric buses in this category in the future.

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

  • Lithium iron phosphate (LFP) batteries are poised to dominate the market throughout the forecast period. These batteries offer several advantages, including being lightweight, cost-effective, and demonstrating higher thermal stability with enhanced discharge and charge efficiency when compared to NMC batteries. LFP batteries boast a longer lifespan, require minimal maintenance, and provide optimized safety features. Due to these benefits, LFP batteries are extensively utilized in high-performance electric mid- and large buses, delivering a high current rate, ensuring a high voltage-bearing capacity, and featuring an extended cycle life.
  • The City/Transit Bus segment is set to take the lead in the market by 2023. These buses are highly favored in Asia Pacific, Europe, and North America, particularly for city/transit applications. Their popularity stems from their suitability for urban areas, offering a relatively larger seating capacity and easy maneuverability through narrow city streets, efficiently navigating city traffic. Furthermore, the provided battery range in these buses is sufficient for most urban transit routes, and their ability for relatively quick charging makes them practical for daily operations by public transport bodies.
  • In 2023, the Asia Pacific region emerged as the leading global market, holding the largest market share. The significant surge in regional demand is primarily attributed to the escalating emphasis on reducing urban pollution and decreasing reliance on fossil fuels, complemented by expanding government initiatives that advocate for clean public transportation. Notably, China stands out as the largest market on a global scale.
  • The global key market players include AB Volvo, BYD, CAF, VDL Groep, Yutong.

Polaris Market Research has segmented the Electric Mid- and Large (9-14m) Bus market report based on propulsion, application, and region:

Electric Mid- and Large (9-14m) Bus, Propulsion Outlook (Revenue - USD Million, 2019 - 2032)

  • FCEV
  • Diesel/Gasoline/CNG-LNG
  • BEV
  • LFP

Electric Mid- and Large (9-14m) Bus, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Coaches
  • City/Transit Bus
  • School Bus
  • Midi Bus

Electric Mid- and Large (9-14m) Bus, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico.
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

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

Report Attributes


Market size value in 2024

USD 10,717.2 million

Revenue Forecast in 2032

USD 38,920.0 million


17.5% from 2024 – 2032

Base year


Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments Covered

By Propulsion, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa


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