psalexa

Midibus Market Research Report: By End Use (Intracity Transport, Intercity Transport), Propulsion (Electric, Natural Gas, Hybrid, Gasoline, Diesel) – Global Industry Size, Share, Growth and Demand Forecast to 2030

  • Publishing: May 2021
  • Report Code: AT11909
  • Available Format: PDF

Midibus Market Overview

The global midibus market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with the increasing government spending on the upgradation of public transport vehicles. A midibus is a single-decker minibus, which is generally larger than a traditional minibus, but smaller than a full-size single-decker variant. It can be anywhere between 8 meter and 11 meter long. In addition, these automobiles are witnessing a rising demand from public and private schools in the Asia-Pacific (APAC) region. The number of schools in developing countries, such as China, India, Thailand, and Indonesia, is rising, as is the student enrolment rate, driven by which the market is expected to witness strong growth during the forecast period.

Based on end-use, the midibus market has been categorized into intracity, intercity, and others (school bus and recreational vehicles). During the forecast period, the market is predicted to witness the fastest growth in the transit bus category. A transit midibus is used in shorter-distance public transport services. The market in developing nations, such as China and India, is expected to witness significant advance during the forecast period, mainly due to favorable government policies and investments.

Based on propulsion, the midibus market has been categorized into electric, natural gas, hybrid, gasoline, and diesel buses. During the forecast period, the market is projected to witness the fastest growth in the electric bus category, followed by the natural gas category. According to APTA’s vehicle database, in 2018, ~41% of all buses were diesel powered, whereas the percentage of buses powered by natural gas increased from 18.5% in 2008 to 28.5% in 2018.

Geographically, the midibus market has been categorized into Europe, North America, APAC, and Latin America, Middle East, and Africa (LAMEA), among which APAC is expected to dominate the market over the forecast period. The rising population and favorable government policies in countries including China and India, for electric buses, are expected to fuel the growth of the market. For instance, in 2019, Government of India unveiled National Electric Mobility Mission Plan (NEMMP) 2020 to accelerate the growth of electric and hybrid vehicles. In August 2019, the government sanctioned subsidies for 5,595 electric buses, in 64 cities, for intercity operations, under the second phase of the FAME India scheme, in order to push clean mobility into public transportation.

Midibus Market Dynamics

Drivers

The midibus market is expected to witness significant growth during the forecast period, mainly due to the upgradation of the transport infrastructure by various governments, globally. Moreover, with the Paris climate agreement in force, agencies such as the European Union (EU) are committed more than ever to a transition toward a low-carbon economy. The upgradation of the transport systems in EU, to make them cleaner, more energy-efficient, and more sustainable, would be a key role for regional leaders. The clean bus deployment initiative was launched in 2017 by signatories, bus manufacturers, public transport organizations, and other stakeholders from cities across Europe. In addition, the rise in the number of joint ventures and partnerships among key manufacturers and government agencies is further expected to support the market during the forecast period.

Market Challenges

Factors such as the lack of command and control centers, which leads to high traffic congestion in metropolitan cities, force the general public to opt for other modes of public transport, including rapid transit or mass rapid transit (metro, subway), which might hinder the midibus market growth during the forecast period.

Midibus Market Competitive Landscape

The global midibus market is concentrated, with the presence of few global and few regional players. Some of the major players operating in the market are Toyota Motor Corporation, BYD Auto Co. Ltd., Ashok Leyland Ltd., Groupe Renault, Daimler AG, China South Industries Group Corporation, Yangzhou Yaxing Motor Coach Co., Ltd., AB Volvo, Isuzu Motors Ltd., and Hino Motors Ltd.

The report also includes a country-wise market analysis. Some of the major countries covered in the report are the U.S., Canada, Germany, the U.K., France, Germany, the Netherlands, China, Japan, India, South Korea, Australia, Brazil, Mexico, and the U.A.E.

Midibus Market Size Breakdown by Segment

The midibus market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on End Use

  • Intracity Transport
  • Intercity Transport
  • Others (School Bus and Recreational Vehicle)

Based on Propulsion

  • Electric
  • Natural Gas
  • Hybrid
  • Gasoline
  • Diesel

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    •  France
    • Germany
    •  Netherlands
  • Asia-Pacific (APAC)
    • China
    •  Japan
    •  India
    •  South Korea
    •  Australia
  • Latin America, Middle East, and Africa (LAMEA)
    • Brazil
    • Mexico
    •  U.A.E.
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws