Europe Electric Bus Market | 2019-2032

The Europe electric bus market is estimated to surpass US$ XX Mn by 2024, driven by the increasing concentration of regulatory authority on environmental concerns and climate change challenges. Further, advancements in smart transportation technology are boosting the uptake of electric buses in major EU countries such as Germany and the UK.

Electric bus adoption in public transport urban fleets is growing across Europe, investments in e-buses experienced substantial growth in the year 2019, with several European countries such as Germany, France, and the UK at the forefront of e-bus adoption, and it has taken a few years for other countries like The Netherlands and Russia. Additionally, the rapid transitioning of transportation agencies to electric bus fleets and European Union (EU) regulations and environmental targets are contributing to the growth of the European e-bus market. The inclination of transit agencies is increasing toward electric buses due to improved battery management, reduced noise pollution, and cost savings. Advanced battery management systems (BMS) are helping optimize battery performance, prolong battery life, and ensure the safety of e-bus operations. These systems are crucial for maintaining reliable e-bus fleets. Also, e-buses are quieter than traditional buses because they lack internal combustion engines. This reduction in noise pollution can lead to improved passenger comfort and less disruption in urban areas.

Apart from this, e-buses can offer significant cost savings when compared to traditional diesel or natural gas buses. Lower operating and maintenance costs, along with reduced fuel expenses, make e-buses an attractive option for transit agencies. These factors are projected to fuel the growth of the Europe e-bus market during the projection period. Key players operating in the Europe electric bus market are Solaris Bus & Coach, VDL Bus & Coach, Volvo Buses, Irizar Group, BYD Europe, Mercedes-Benz Buses (Daimler AG), MAN Truck & Bus, Van Hool, Ebusco, and Heuliez Bus (CNH Industrial).

EUROPE ELECTRIC BUS MARKET COVERAGE:

KEY HIGHLIGHTS:

• Actual Europe electric bus market data for 2019, 2020, 2021, and 2022
• Estimated Europe electric bus market value for the year 2023 and market growth prospect between 2023 and 2032
• Historical YoY growth and forecast trend at granular level
• Cross sectional analysis of type segment at application level
• Summary of key growth factors, challenges, and opportunities shaping electric bus industry
• Rationale for individual segment growth and decline
• Product and price differentiation, branding & distribution channel strategies
• Market entry strategies and routes to market
• Key player positioning and benchmarking