Status : Published Published On : May, 2020 Report Code : VRAT4074 Industry : Automotive & Transportation Available Format : Page : 112

Global Midibus Market – Analysis and Forecast (2019-2025)

Industry Insights by Propulsion (Electric, Gasoline, Natural Gas, Diesel, Hybrid), by End User (Intracity, Intercity, Others)

Industry Overview

The global midibus market is forecast to grow at a CAGR of 5.0% between 2020 and 2025. The growth of this market is attributed towards increasing population, rapid urbanization along with increasing expenditure attributed towards upgradation of public transport vehicles. With increasing trend of sharing economy people have started using more public transport that provides that significant cost efficiencies and convenience of travelling. Moreover, the 10 meter size of buses are gaining significant popularity as not been huge or too small and this effectively serves needs of an individual to travel conveniently whether intercity or intracity.

Midibus Market Highlights

A midibus is a category of single-decker minibus that are generally larger than a traditional minibus on the other hand smaller than a full-size single decker that could be around 8 metres to 11 metres long. The midibuses are most commonly being utilized in the U.K. where people find it cost effective method and have significant number of seats in comparison to that of full size single-decker buses. Midibuses are designed in manner so that they are light weight and helps in saving diesel fuels thereby making them not as resilient in comparison to that of full size buses.

Market Segmentation

Insight by Propulsion

Based upon propulsion, the global midibus market is subdivided into electric, gasoline, natural gas, diesel and hybrid. Amongst all these segments, electric bus segment is expected to witness highest CAGR during the forecast period as almost all countries in the world are using buses backed by natural gas thereby creating ample of pollution and causing damage to the environment.

Insight by End User

On the basis of end user, the global midibus market is subdivided into intracity, intercity and others. Amongst these segments, intercity segment is expected to witness highest CAGR during the forecast period owing to use of midibus excessively being used for shorter distances specifically in the Asia-Pacific in countries such as China and India.

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Propulsion, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, the Netherlands), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Yangzhou Yaxing Motor Coach Co., Toyota Motor Corporation, Daimler AG, China South Industries Group Corporation, Ashok Leyland Ltd., Isuzu Motors Ltd., BYD Auto Co. Ltd., Hino Motors Ltd., Groupe Renault, and AB Volvo

Industry Dynamics

Growth Drivers

Increasing emphasis by government authorities towards upgradation of transport infrastructure, along with extensive need for conserving environment and reducing pollution are the key factors driving the growth of global midibus market. The developed nations are emphasizing upon using low carbon economy that will not hurt the environment significantly. Moreover, the enhancement of the transportation systems in the EU emphasize upon making transports in the region cleaner, sustainable and energy-efficient. Additionally midibuses comprises of long first gear that eliminates the need for using second and also provides a comfortable ride to the passengers. These buses comprises of a topology dependent gear that helps the driver in matching the transmission power in various driving conditions.

Challenges

However, lack of control centers and command that leads to high traffic congestion in metropolitan areas leads people to adopt other modes of public transport such as mass rapid transit such as metro or subway and is the key factor anticipated to hamper the growth of global midibus market in the near future.

Geographic Overview

Geographically, Europe was the largest midibus market in 2019. The initiative undertaken in Europe related to clean bus deployment initiative was launched in 2017 by bus manufacturers, consigners, stakeholders and public transport organizations from various cities across Europe that has massively accentuated the growth of midibus market in this region.

Moreover, Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to increasing demand for midibuses observed from public and private schools in this region. The increasing population in the region is leading to increasing demand for schools in emerging economies such as Thailand, China, Indonesia and India that is is increasing demand for midibus in the region. Furthermore, it has been observed that few routes in Hong Kong are served exclusively by midibus due to twisting roads and are thereby ensuring increased flexible and running of traffic.

Competitive Insight

Key players operating in the global midibus market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain competitive advantage.

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

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

Midibus Market Size

Source: VynZ Research

N95 mask market Analysis

Source: VynZ Research

Place an order

Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Midibus Market