The latest research study “Europe Electric Bus Market Report: Industry Trends, Share, Size, 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.
A bus that runs on energy generated from sources with no emissions, such as hydrogen fuel cells, onboard batteries, and overhead cables, is known as an electric vehicle (EV). Solar panels, regenerative braking, off-board chargers, and storage battery banks are all used to recharge it. It is inexpensive, low maintenance, and environmentally beneficial. Additionally, it boasts motors that are quieter and have instant torque, allowing drivers to accelerate more quickly and improving the driving experience and overall vehicle performance. Due to these advantages over traditional buses, electric buses are becoming more and more popular throughout 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 being pushed by two factors: the rising expense of fossil fuels in the European region and the growing knowledge of the harmful impacts of air pollution on human health. The increasing use of public transportation is yet another significant factor promoting expansion.
In addition, the regional authorities are enacting strict regulations to limit emissions. As a result, electric buses are being used more and more as a low-emission transit option to guarantee a reliable and convenient transportation system. This is helping the market growth, along with the introduction of sophisticated autonomous pantograph chargers that enable faster charging.
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.
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.
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)
Market 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
Market Breakup by Country:
- United Kingdom
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