Market Size, Growth & Valuation (2022-27)

Europe Electric Bus Market is projected to grow at a CAGR of around 16.66% during the forecast period, i.e., 2022-27.

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Europe Electric Bus Market Structure – Segmentation & Geography

By Propulsion Type

  • Battery Electric Bus (BEV)
  • Plug-in Hybrid Electric Bus (PHEV)
  • Fuel Cell Electric Bus (FCEV)

Here, Battery Electric Bus acquired the largest share of the Europe Electric Bus Market in the previous years and shall prevail in the same trend during the forecast period. 

By Battery Type

  • Lithium Ion
  • Nickel-metal hydride battery
  • Others (Lead-Acid Batteries, Ultracapacitors)

By Application

  • Intercity
  • Intracity

By End User

  • Private
  • Government

By Length of Bus

  • Less the 9M
  • 9-15M
  • 15-20M
  • Above 20M

By Battery Capacity

  • 100-200 kWh
  • 200-300 kWh
  • Above 300 kWh

By Range

  • 100-200 miles
  • Above 200 miles

By Country

  • The UK
  • Germany
  • Italy
  • France
  • Spain
  • Poland
  • Sweden
  • Belgium
  • The Netherlands
  • Rest of Europe.

Among all, Germany, the UK, France, Poland, and The Netherlands, have altogether accounted for a substantial share of the Europe Electric Bus Market in previous years.

Key Growth Trends (2022-2027)

Government Mandates for Electrification of Transit System - As concerns over the ill effects of air pollution & emission on human health & environment are mounting rapidly, alongside the skyrocketing prices of fossil fuels, the demand for greener, cleaner, and cost-effective alternatives is escalating swiftly. It, in turn, is also influencing the demand for Electric Vehicles, including Buses, replacing Internal Combustion Engines (ICE) buses across Europe. In fact, by the time it is 2030, Europe shall demonstrate an approximately 67% surge in the sales of zero-emission buses, which would reflect a fleet size of 65,000 e-buses.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Europe Electric Bus industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Europe Electric Bus Companies are:

  • Solaris Bus & Coach
  • IVECO Bus
  • Traton Group
  • AB Volvo
  • Mercedes-Benz Group AG,
  • EBUSCO
  • BYD Auto Co. Ltd.
  • Van Hool
  • VDL Bus & Coach
  • EvoBus GmbH
  • Others.

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Key Questions Answered in This Report:

  1. What is the current market size of Europe Electric Bus, and what growth rate is projected by 2027?
  2. Which key trends are driving Europe Electric Bus market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Europe Electric Bus industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Europe Electric Bus companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

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