About Medium Bus
Industrial and commercial electric vehicles have a similar market to cars but innovation techniques are faster and frequently more profitable for all in the value chain. However, Innovation often comes before cars because buses are lesser prices sensitive. A medium bus is a classification of single-decker minibusses which are larger than minibus but smaller than full-size decker bus.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is concentrated with few global market players who are competing amongst them to manufacture medium buses keeping in mind the demand for low-carbon and zero-emission buses from users and also Increasing Government Initiatives are favoring the players of this market. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Medium Bus market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daimler AG (Germany), Volvo (Sweden), Tata Motors (India), Xiamen Golden Dragon Bus Co. (China), Xiamen King Long United Automotive Industry (China), Zhengzhou Yutong Bus Co., Limited (China), King Long (China) and JBM Auto Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yutong (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medium Bus market by Type (Electric bus and Hybrid bus), Application (Transportation) and Region.
On the basis of geography, the market of Medium Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Israel, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Accessibility will boost the Medium Bus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Single Decker will boost the Medium Bus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The medium bus market is rapidly shifting with increasing adoption of alternatively-fueled buses and electric drivetrains.
Market Growth Drivers:
The increasing infrastructure of cities leading to rising demand for vehicles, Advancement in technology and demand for low-carbon and zero-emission buses and Increasing population and urbanization to enhance their public transportation system.
Challenges:
The surge in demand for passenger transport is the challenge market is facing.
Restraints:
Cost factor involved in the innovation of medium buses by manufacturers.
Opportunities:
Increasing Government Initiatives to support the adoption of emission-free buses in comparison to conventional diesel buses would support the growth of the global bus market and providing an opportunity for key vendors.
Market Leaders and their expansionary development strategies
In July 2019, The world’s biggest manufacturer of double deck buses and leading British bus and coach builder, Alexander Dennis Ltd. (ADL), has been acquired by NFI Group Inc. (NFI), North America’s largest and most diversified bus and coach manufacturer.
In November 2023, BYD announced the launch of the medium-sized electric bus J7 for the Japanese market. Reservations for the model are set, and deliveries are due to begin in the fall of 2025.
Key Target Audience
Component Providers, Original Equipment Manufacturers, Subsystem Manufacturers, Technology Support Providers, Ministries of Defense, Scientific Research Centers, Forums, Alliances, and Associations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.