The latest research study “Europe Electric Bus Size: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Europe electric bus market is expected to exhibit a CAGR of 18.60% during 2022-2027.
An electric bus is an electric vehicle (EV) propelled by zero-emissions electricity sources, such as hydrogen fuel cells, onboard batteries, and overhead wires. It is recharged through solar panels, regenerative braking, off-board chargers, and storage battery banks. It is eco-friendly, affordable, and requires minimal maintenance. It also has instant torque and quieter motors that enable drivers to accelerate more responsively, thus enhancing the driving experience and overall vehicle performance. Owing to these properties, electric buses are widely gaining traction over conventional buses across Europe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Europe Electric Bus Market Trends and Drivers:
The market is primarily driven by the increasing awareness regarding the adverse effects of air pollution on human health and the rising costs of fossil fuels in the European region. In addition, the growing reliance on public transit represents another major growth-inducing factor.
Besides this, the governing authorities in the region are introducing stringent policies to control emissions. Consequently, electric buses are increasingly being adopted as a zero-emission solution to ensure an efficient and convenient transportation network. This, coupled with the introduction of advanced autonomous pantograph chargers that allow for faster charging, is positively influencing the market growth.
Furthermore, rapid urbanization, rising population levels, and the growing adoption of electric buses in educational institutions are some of the other factors creating a favorable market outlook across the region.
|Europe Electric Bus Market Report Scope|
|Growth Rate||CAGR of 18.60% from 2022 to 2027|
|Base year for estimation||2021|
Europe Electric Bus Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, propulsion type, battery type, length, range and battery capacity.
Breakup By Propulsion Type:
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Breakup By Battery Type:
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
Breakup By Length:
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
Breakup By Range:
- Less than 200 Miles
- More than 200 Miles
Breakup By Battery Capacity:
- Up to 400 kWh
- Above 400 kWh
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.