Europe Electric Bus Market to be Dominated by Battery Electric Vehicle (BEV) through 2027
Development of advanced batteries for electric bus and
ongoing electrification of public transportation sector are driving the growth
of Europe electric bus market in the forecast period, 2023-2027.
According to TechSci Research report, “Europe
Electric Bus Market
By Propulsion (BEV, HEV, PHEV, FCEV), By Battery Type (Lead Acid and Li-ion),
By Battery Capacity (<100 kWh, 100–200 kWh, 201–300 kWh, >300 kWh), By
Range (0–150 Miles, 151–250 Miles, 251–500 Miles, >500 Miles), By Seating
Capacity (Up to 30, 31-40, 41-50, Above 50), By Length (6-8 m, 8-10m, 10-12 m,
Above 12), By Body Type (Customizable Body, Fully Build), By Region,
Competition Forecast & Opportunities, 2027”, the Europe
electric bus market is anticipated to grow at a rate of steady CAGR for the
forecast period, 2023-2027.
The rise in demand for fuel-efficient, performance-driven, low-emission
buses to curb the pollution level and support from the government to run
vehicles on alternate sources of energy is driving the demand for electric
buses in the region. Reduction in battery prices and the high-end investments
to develop a sustainable public transportation sector is expected to create
lucrative growth opportunities for the European electric bus market in the next
five years.
However, the high manufacturing cost of electric buses may restrain the
Europe electric bus market growth for the forecast period.
Browse over XX
market data Figures spread through 70 Pages
and an in-depth TOC on "Europe Electric Bus Market"
The Europe Electric Bus market is segmented based on propulsion, battery type, battery capacity, range, seating capacity,
length, body type, company, and country.
Based on propulsion, the market is divided into BEV, HEV, PHEV, and
FCEV. Battery electric vehicle (BEV) is expected to hold the largest market
share in the forecast period, 2023-2027. These buses store electricity onboard
in the high-capacity batteries. Battery electric vehicles are preferred to run
in urban cities because they boast fast charging time with a longer life cycle.
Battery electric vehicles cover almost all the newly registered zero-emission
buses in Europe. They are witnessing high demand with the growing investments
to develop the public transportation sector.
Based on battery capacity, the market is divided into <100 kWh,
100–200 kWh, 201–300 kWh, and >300 kWh. >300 kWh battery capacity is
expected to capture the largest market share in the forecast period. Electric
buses belonging to this category are cheaper. Lightweight and more efficient
than the other electric buses. Electric buses belonging to >300 kWh battery
capacity can cover more considerable distances on a single charge.
Based on range, the market is divided into 0–150 miles, 151–250 miles,
251–500 miles, and >500 miles. 151-200 miles is expected to account for the
largest market share in the next five years. Electric buses running in this
range require less charging time and lower total operating costs. Reduction in
the battery costs and improvement in technology to boost the fuel mileage are
expected to boost the growth of the Europe electric bus market.
Based on seating capacity, the market is divided into up to 30, 31-40, 41-50,
and above 50. The up to 30-seater electric bus segment is expected to account
for significant market share in the forecast period. It can easily store large
volumes of luggage and supports easy boarding on the bus.
Based on the country analysis, the Netherlands is expected to dominate
the Europe electric bus market in the forecast period. In 2016, the Netherlands
adopted the plan to fully decarbonize the public transportation sector with a
100% zero-emission inflow from 2025. The growing awareness about the benefits
of availing electric public transportation services and the rapid
electrification of public transport is expected to act as positive factors for
the Europe electric bus market for the next five years.
Major market players operating in the Europe electric bus market are:
- Solaris Bus & Coach sp. z o.o.
- VDL Bus & Coach BV
- Ebusco B.V.
- MAN Truck & Bus SE
- AB Volvo, BYD Auto Co., Ltd.
- Scania AB
- IVECO S.p.A.
- Irizar Group
- Daimler AG
Download Sample Report
Customers can also request for 10% free customization on this report.
“European countries, including the Netherlands, Luxembourg,
Norway, Poland, Finland, and the United Kingdom, have registered many
zero-emission electric buses of the Class I registrations in 2020. The increase
in consumers' preference to ride public transportation services and
technological advancements to improve the performance of the electric bus is
contributing significantly to decarbonizing the transportation sector. Leading
authorities are making efforts to advance the existing transportation
infrastructure, and promoting the adoption of electric buses to reduce
pollution levels is expected to boost the demand for the Europe electric bus
market till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Europe
Electric Bus Market By Propulsion (BEV, HEV, PHEV, FCEV), By Battery Type (Lead
Acid and Li-ion), By Battery Capacity (<100 kWh, 100–200 kWh, 201–300 kWh,
>300 kWh), By Range (0–150 Miles, 151–250 Miles, 251–500 Miles, >500
Miles), By Seating Capacity (Up to 30, 31-40, 41-50, Above 50), By Length (6-8
m, 8-10m, 10-12 m, Above 12), By Body Type (Customizable Body, Fully Build), By
Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth
potential of Europe electric bus market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Europe
electric bus market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/