Europe Electric Bus Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Europe Electric Bus Market Size- By Propulsion Type, By Battery Type, By Consumer Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: AMIN24125 | Pages: 1 - 154 | Formats*: |
| Category : Automotive & Transportation | |||
Europe Electric Bus Market Introduction and Overview
According to SPER Market Research, the Europe Electric Bus Market is estimated to reach USD 6.05 billion by 2033 with a CAGR 14.85%.
The report includes an in-depth analysis of the Europe Electric Bus Market, including market size and trends, product mix, distribution channels, and supplier analysis. An e-bus, commonly referred to as an electric bus, runs solely on electricity. It is an eco-friendly and sustainable kind of public transportation. It runs on fossil fuels and is powered by electric motors and batteries. These buses have zero tailpipe emissions, which improves the quality of the air and lowers greenhouse gas (GHG) emissions. It improves the ride quality for passengers by being quieter and smoother. Electric bus adoption is consistent with the movement toward greener modes of transportation and a decrease in urban pollution.
- Van Hool unveiled the A-Series, a new line of zero-emission public buses, during the European Mobility Expo in Paris in June 2022. Fuel cell (hydrogen) and battery-electric drivetrain alternatives will be available for the A-series of zero-emission buses. In addition, there will be four distinct lengths (12, 13, 18, and 24 meters), with two to five passenger doors in each.
- At BUS2BUS in Berlin in April 2022, Switch Mobility unveiled their latest electric bus, the Metrocity. At the European Mobility Expo in Paris later in June 2022, the business unveiled its new 12-meter bus.
- The NFI Group Inc. (NFI) subsidiary Alexander Dennis Limited (ADL) declared in August 2021 that it had been chosen as a supplier for 20 zero-emission hydrogen double-deck buses by the Liverpool City Region Combined Authority as a result of a competitive tendering procedure.
Market Opportunities and Challenges
Opportunities: The demand for Electric Buses (EB) in Europe is being driven by several factors, including strict pollution restrictions, a heavy reliance on non-renewable or conventional fuels, strong environmental ethics, and the increasing necessity of integrating renewable energy sources into a network. The development of the market is also significantly influenced by the penetration of the charging infrastructure. Furthermore, European city e-bus markets are primarily driven by a combination of growing customer demand for e-bus and environmental concerns. Large cities and "green countries" in Europe are implementing electric buses in the mainly static bus market as a means of addressing the pressing problem of air and noise pollution and keeping their promises to protect citizens from environmental hazards.
Challenges: The initial expense of electric buses in comparison to their conventional counterparts is a major barrier. Although switching to electric buses might result in long-term cost savings and environmental benefits, some communities and transportation agencies may be discouraged by the initial expenditure needed. Furthermore, there are financial and logistical obstacles associated with the infrastructure required to operate a sizable fleet of electric buses, such as grid modifications and charging stations.
Market Competitive Landscape
AB Volvo, Solaris Bus & Coach, IVECO Bus, Traton Group, Mercedes-Benz Group AG, and other large companies are leading the expanding European electric bus market. There are currently about 800 electric-powered Solaris in use in 72 cities, including 130 in Warsaw, 90 in Berlin, and 250 in Milan. An alternate propulsion system powers 47% of the buses manufactured by Solaris.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Propulsion Type, By Battery Type, By Consumer Type |
| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe |
| Companies Covered | Bus & Coach sp. z o.o., Traton Group, Mercedes-Benz Group AG, IVECO Group, AB Volvo, EBUSCO, VDL Bus & Coach BV, BYD Auto Co. Ltd, Otokar Otomotiv Ve Savunma Sanayi AS, and Van Hool |
COVID-19 Impact on Europe Electric Bus Market
The COVID-19 pandemic has brought up a number of difficulties and opportunities for the European electric bus sector. On the one hand, the pandemic caused supply chain disruptions, which resulted in production and delivery delays for electric buses and associated parts. This put a stop to many transit agencies' and towns' plans for growth as they considered switching to electric fleets or were in the midst of doing so. Furthermore, the pandemic's financial impact resulted in budgetary restrictions for public transportation agencies, which might have slowed down investment in the infrastructure and acquisition of electric buses.
Key Target Audience:
- Transit Agencies and Municipalities
- Government Authorities and Regulatory Bodies
- Investors and Financial Institutions
- Electric Vehicle Manufacturers
- Charging Infrastructure Providers
- Environmental Organizations and Advocacy Groups
Our in-depth analysis of the Europe Electric Bus Market includes the following segments:
| By Propulsion Type: |
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| By Battery Type: |
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| By Consumer Type: |
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Key Topics Covered in the Report:
- Europe Electric Bus Market Size (FY’2024-FY’2033)
- Overview of Europe Electric Bus Market
- Segmentation of Europe Electric Bus Market By Propulsion Type (Battery Electric bus, Plug-in Hybrid Electric Bus, Fuel Cell Electric Bus)
- Segmentation of Europe Electric Bus Market By Battery Type (Lithium-ion, Nickel-Metal Hydride Battery, Others)
- Segmentation of Europe Electric Bus Market By Consumer Type (Government, Fleet Operators)
- Expansion Analysis of Europe Electric Bus Market
- Problems and Obstacles in Europe Electric Bus Market
- Competitive Landscape in the Europe Electric Bus Market
- Impact of COVID-19 and Demonetization on Europe Electric Bus Market
- Details on Current Investment in Europe Electric Bus Market
- Competitive Analysis of Europe Electric Bus Market
- Prominent Players in the Europe Electric Bus Market
- SWOT Analysis of Europe Electric Bus Market
- Europe Electric Bus Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Electric Bus Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Electric Bus Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Electric Bus Market
7. Europe Electric Bus Market, By Propulsion Type (USD Million) 2020-2033
7.1. Europe Electric Bus Market Size, Share and Forecast, By Propulsion Type, 2020-20267.2. Europe Electric Bus Market Size, Share and Forecast, By Propulsion Type, 2027-20337.3. Battery Electric bus7.4. Plug-in Hybrid Electric Bus7.5. Fuel Cell Electric Bus
8. Europe Electric Bus Market, By Battery Type (USD Million) 2020-2033
8.1. Europe Electric Bus Market Size, Share and Forecast, By Battery Type, 2020-20268.2. Europe Electric Bus Market Size, Share and Forecast, By Battery Type, 2027-20338.3. Lithium-ion8.4. Nickel-Metal Hydride Battery (NiMH)8.5. Others
9. Europe Electric Bus Market, By Consumer Type (USD Million) 2020-2033
9.1. Europe Electric Bus Market Size, Share and Forecast, By Consumer Type, 2020-20269.2. Europe Electric Bus Market Size, Share and Forecast, By Consumer Type, 2027-20339.3. Government9.4. Fleet Operators
10. Europe Electric Bus Market Forecast, 2020-2033 (USD Million)
10.1. Europe Electric Bus Market Size and Market Share
11. Europe Electric Bus Market, By Region, 2020-2033 (USD Million)
11.1. Europe Electric Bus Market Size and Market Share By Region (2020-2026)11.2. Europe Electric Bus Market Size and Market Share By Region (2027-2033)11.3. France11.4. Germany11.5. Italy11.6. United Kingdom11.7. Rest of Europe
12. Company Profile
12.1. Bus & Coach sp. z o.o.12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Traton Group12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Mercedes-Benz Group AG12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. IVECO Group12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. AB Volvo12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. EBUSCO12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. VDL Bus & Coach BV12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. BYD Auto Co. Ltd12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Otokar Otomotiv Ve Savunma Sanayi AS12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Van Hool12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Electric Bus Market size from 2022. The Market is expected to reach USD 6.05 billion by 2033, at a CAGR of 14.85% during the forecast period.
Europe Electric Bus Market is projected to reach USD 6.05 billion by 2033, growing at a CAGR of 14.85% during the forecast period.
Europe Electric Bus Market CAGR of 14.85% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Electric Bus Market size is 6.05 billion from 2024 to 2033.
Europe Electric Bus Market Segment is covered By Propulsion Type, By Battery Type, By Consumer Type
The Europe anticipated to have the highest market share in the Europe Electric Bus Market.
The key players in the market include Companies Covered Bus & Coach sp. z o.o., Traton Group, Mercedes-Benz Group AG, IVECO Group, AB Volvo, EBUSCO, VDL Bus & Coach BV, BYD Auto Co. Ltd, Otokar Otomotiv Ve Savunma Sanayi AS, and Van Hool .
"Electric bus adoption is consistent with the movement toward greener modes of transportation and a decrease in urban pollution.
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