
Europe Electric Bus Market Report and Forecast 2024-2032
Description
Europe Electric Bus Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Europe electric bus market reached a value of USD 2.23 billion in 2023. Aided by the stringent environmental regulations, technological advancements, and a strong commitment to reducing greenhouse gas emissions, the market is projected to further grow at a CAGR of 18.5% between 2024 and 2032 to reach a value of USD 10.71 billion by 2032.
Electric buses offer a compelling alternative to traditional diesel buses, providing numerous environmental, economic, and social benefits. These vehicles are integral to achieving the European Union's ambitious climate goals, including the reduction of CO2 emissions and the promotion of renewable energy sources in transportation.
The surge in the Europe electric bus market demand is driven by several key factors. Foremost among these is the robust regulatory framework aimed at curbing pollution and promoting sustainable transport solutions. Initiatives such as the Clean Vehicles Directive and the European Green Deal have set clear targets for the adoption of zero-emission vehicles, including electric buses.
Technological advancements in battery storage, charging infrastructure, and energy efficiency have significantly enhanced the performance and reliability of electric buses, making them increasingly viable for widespread use. Moreover, the decreasing cost of batteries and the growing availability of charging infrastructure have further facilitated the Europe electric bus market growth.
Additionally, the growing public and political awareness of environmental issues has led to increased demand for green transport solutions from both consumers and policymakers. This societal shift, coupled with the economic incentives for operators to transition to electric fleets, has catalysed the adoption of electric buses across Europe.
The Europe electric bus market outlook is being influenced by a dynamic and competitive landscape, with numerous manufacturers and technology providers vying for market share. This competition has spurred innovation, leading to the development of electric buses that are not only environmentally friendly but also offer enhanced passenger comfort, safety, and operational efficiency.
Regulatory support is a cornerstone of the electric bus market's growth in Europe. European directives and national policies provide a framework for the procurement of clean buses, the development of necessary charging infrastructure, and the allocation of funding and subsidies to support the transition to electric mobility.
Market Segmentation
The market can be divided based on propulsion type, length, battery type, range, battery capacity, end user, and country.
Market Breakup by Propulsion Type
- Battery Electric Bus
- Plug-in Hybrid Electric Bus
- Fuel Cell Electric Bus
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
- Others
- Less than 200 Miles
- More than 200 Miles
- Up to 400 kWh
- Above 400 kWh
- Private
- Public
- Germany
- United Kingdom
- France
- Italy
- Others
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe electric bus market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yutong Bus Co., Ltd.
- Daimler Truck AG
- IVECO S.p.A
- Solaris Bus & Coach sp. z o.o.
- AB Volvo
- Traton SE
- Karsan Otomotiv San. ve Tic. A.S
- Xiamen Golden Dragon Bus Co.,LTD
- TAM-Europe d.o.o.
- BYD Europe B.V.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
196 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 Global Electric Bus Market Overview
- 8.1 Key Industry Highlights
- 8.2 Global Electric Bus Historical Market (2018-2023)
- 8.3 Global Electric Bus Market Forecast (2024-2032)
- 8.4 Global Electric Bus Market Share by Region
- 8.4.1 North America
- 8.4.2 Europe
- 8.4.3 Asia Pacific
- 8.4.4 Latin America
- 8.4.5 Middle East and Africa
- 9 Europe Electric Bus Market Overview
- 9.1 Key Industry Highlights
- 9.2 Europe Electric Bus Historical Market (2018-2023)
- 9.3 Europe Electric Bus Market Forecast (2024-2032)
- 10 Europe Electric Bus Market by Propulsion Type
- 10.1 Battery Electric Bus
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Plug-in Hybrid Electric Bus
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 Fuel Cell Electric Bus
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 11 Europe Electric Bus Market by Length
- 11.1 Less than 9 Meters
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 9-14 Meters
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 Above 14 Meters
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 12 Europe Electric Bus Market by Battery Type
- 12.1 Lithium-ion Battery
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Nickel-Metal Hydride Battery (NiMH)
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Others
- 13 Europe Electric Bus Market by Range
- 13.1 Less than 200 Miles
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 More than 200 Miles
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 14 Europe Electric Bus Market by Battery Capacity
- 14.1 Up to 400 kWh
- 14.1.1 Historical Trend (2018-2023)
- 14.1.2 Forecast Trend (2024-2032)
- 14.2 Above 400 kWh
- 14.2.1 Historical Trend (2018-2023)
- 14.2.2 Forecast Trend (2024-2032)
- 15 Europe Electric Bus Market by End User
- 15.1 Private
- 15.1.1 Historical Trend (2018-2023)
- 15.1.2 Forecast Trend (2024-2032)
- 15.2 Public
- 15.2.1 Historical Trend (2018-2023)
- 15.2.2 Forecast Trend (2024-2032)
- 16 Europe Electric Bus Market by Country
- 16.1 Germany
- 16.1.1 Historical Trend (2018-2023)
- 16.1.2 Forecast Trend (2024-2032)
- 16.2 United Kingdom
- 16.2.1 Historical Trend (2018-2023)
- 16.2.2 Forecast Trend (2024-2032)
- 16.3 France
- 16.3.1 Historical Trend (2018-2023)
- 16.3.2 Forecast Trend (2024-2032)
- 16.4 Italy
- 16.4.1 Historical Trend (2018-2023)
- 16.4.2 Forecast Trend (2024-2032)
- 16.5 Others
- 17 Market Dynamics
- 17.1 SWOT Analysis
- 17.1.1 Strengths
- 17.1.2 Weaknesses
- 17.1.3 Opportunities
- 17.1.4 Threats
- 17.2 Porter’s Five Forces Analysis
- 17.2.1 Supplier’s Power
- 17.2.2 Buyer’s Power
- 17.2.3 Threat of New Entrants
- 17.2.4 Degree of Rivalry
- 17.2.5 Threat of Substitutes
- 17.3 Key Indicators of Demand
- 17.4 Key Indicators of Price
- 18 Competitive Landscape
- 18.1 Market Structure
- 18.2 Company Profiles
- 18.2.1 Yutong Bus Co., Ltd.
- 18.2.1.1 Company Overview
- 18.2.1.2 Product Portfolio
- 18.2.1.3 Demographic Reach and Achievements
- 18.2.1.4 Certifications
- 18.2.2 Daimler Truck AG
- 18.2.2.1 Company Overview
- 18.2.2.2 Product Portfolio
- 18.2.2.3 Demographic Reach and Achievements
- 18.2.2.4 Certifications
- 18.2.3 IVECO S.p.A
- 18.2.3.1 Company Overview
- 18.2.3.2 Product Portfolio
- 18.2.3.3 Demographic Reach and Achievements
- 18.2.3.4 Certifications
- 18.2.4 Solaris Bus & Coach sp. z o.o.
- 18.2.4.1 Company Overview
- 18.2.4.2 Product Portfolio
- 18.2.4.3 Demographic Reach and Achievements
- 18.2.4.4 Certifications
- 18.2.5 AB Volvo
- 18.2.5.1 Company Overview
- 18.2.5.2 Product Portfolio
- 18.2.5.3 Demographic Reach and Achievements
- 18.2.5.4 Certifications
- 18.2.6 Traton SE
- 18.2.6.1 Company Overview
- 18.2.6.2 Product Portfolio
- 18.2.6.3 Demographic Reach and Achievements
- 18.2.6.4 Certifications
- 18.2.7 Karsan Otomotiv San. ve Tic. A.S
- 18.2.7.1 Company Overview
- 18.2.7.2 Product Portfolio
- 18.2.7.3 Demographic Reach and Achievements
- 18.2.7.4 Certifications
- 18.2.8 Xiamen Golden Dragon Bus Co.,LTD
- 18.2.8.1 Company Overview
- 18.2.8.2 Product Portfolio
- 18.2.8.3 Demographic Reach and Achievements
- 18.2.8.4 Certifications
- 18.2.9 TAM-Europe d.o.o.
- 18.2.9.1 Company Overview
- 18.2.9.2 Product Portfolio
- 18.2.9.3 Demographic Reach and Achievements
- 18.2.9.4 Certifications
- 18.2.10 BYD Europe B.V.
- 18.2.10.1 Company Overview
- 18.2.10.2 Product Portfolio
- 18.2.10.3 Demographic Reach and Achievements
- 18.2.10.4 Certifications
- 18.2.11 Others
- 19 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Electric Bus Market: Key Industry Highlights, 2018 and 2032
- 2. Europe Electric Bus Market: Key Industry Highlights, 2018 and 2032
- 3. Europe Electric Bus Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
- 4. Europe Electric Bus Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
- 5. Europe Electric Bus Historical Market: Breakup by Length (USD Billion), 2018-2023
- 6. Europe Electric Bus Market Forecast: Breakup by Length (USD Billion), 2024-2032
- 7. Europe Electric Bus Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
- 8. Europe Electric Bus Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
- 9. Europe Electric Bus Historical Market: Breakup by Range (USD Billion), 2018-2023
- 10. Europe Electric Bus Market Forecast: Breakup by Range (USD Billion), 2024-2032
- 11. Europe Electric Bus Historical Market: Breakup by Battery Capacity (USD Billion), 2018-2023
- 12. Europe Electric Bus Market Forecast: Breakup by Battery Capacity (USD Billion), 2024-2032
- 13. Europe Electric Bus Historical Market: Breakup by End User (USD Billion), 2018-2023
- 14. Europe Electric Bus Market Forecast: Breakup by End User (USD Billion), 2024-2032
- 15. Europe Electric Bus Historical Market: Breakup by Country (USD Billion), 2018-2023
- 16. Europe Electric Bus Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 17. Europe Electric Bus Market Structure
Pricing
Currency Rates
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