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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
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.
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
Based on Propulsion