The European electric bus market is estimated to grow at an exponential CAGR during the forecast period. The rising acceptance of the electric buses owing to the growing environmental concerns along with the available federal and private funding are the key factors to propel the growth of the European electric bus market. In January 2020, the EU Commission had approved an increase of $326 million in German state aid for the purchase of electric buses. In July 2019, the German Federal Ministry for the Environment (BMU) had granted $15.6 million to the five cities namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach for the purchase of around 70 electric buses. Moreover, according to the estimation of the UITP, the International Association of Public Transport, around 45% of newly licensed units in Europe will be fully electric by 2030.This fact reveals a significant aspect of the growth of the electric bus market in the region.
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The market is segmented on the basis of bus type, battery type, end-user, and country. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on end-user, the market is sub-segmented into government and fleet owners. The government is anticipated to hold considerable share based on end-user owing to its active involvement in the purchase of electric buses to reduce the level of greenhouse gases. Based on the country, the market is segmented into UK, Germany, France, Italy, Spain, and the rest of Europe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
European Electric Bus Market by Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
North America Electric Bus Market by Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
European Electric Bus Market by End-User
- Government
- Fleet Owner
Regional Analysis
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Company Profiles
- AB Volvo
- Alstom
- Bollore Group
- BYD co. Ltd.
- COBUS Industries GmbH
- Daimler AG
- Ebusco B.V.
- Foton Motors
- Heuliez Bus Co. Ltd.
- Irizar Corp.
- MAN SE
- Renault Group
- Safra
- Solaris Bus & Coach S.A.
The Report Covers
- Comprehensive research methodology of the European Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European Electric Bus market.
- Insights about market determinants which are stimulating the European Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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