Europe Electric Bus Market: Market Segments: By Vehicle Type (Battery Electric Bus (BEB), Hybrid Electric Bus (HEB) and Plug-In Hybrid Electric Bus (PHEB); By Length (More Than 10 M, Less Than 10 M): By Battery (Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Environmental benefits in terms of exhaust emissions and air quality and the lower overall cost of ownership are the key advantages of e-Buses over diesel alternatives. Due to these advantages, policymakers have set goals to increase adoption, such as the Netherlands mandating 100% sales of public transport buses with zero emission vehicles (ZEV) by 2025, followed by 100% of the ZEV fleet by 2030, replacing all fossil fuel vehicles.
Europe Electric Bus Market is expected to project a notable CAGR of XX.X% in 2030.
Europe Electric Bus Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The market has seen substantial demand for the goods, mainly due to the acceptance of electric buses, backed by rising environmental concerns, along with the federal and private funding available, which are the key factors driving the growth of the European electric bus market.
Europe Electric Bus Market: Segments
PHEB vehicle segment to grow with the highest CAGR of XX.X% during 2019-30
Europe Electric Bus market is categorized by vehicle type into battery electric bus (BEB), hybrid electric bus (HEB), plug-in hybrid electric bus (PHEB), wherein BEB category accounted for largest share in 2018. Due to low or zero emissions of greenhouse gases, dropping battery prices and improving battery performance, the category is expected to lead over the forecast era.
Europe Electric Bus Market: Market Dynamics
Favorable government policies
There are many key factors in the European electric bus industry, divided into many factors, such as government funding for electric vehicles, in order to expand the use of electric buses for greenhouse use and minimize gas emissions. The government is introducing measures to replace the petroleum-based vehicle of the project with electric vehicles across the regions.
High cost of battery buses
Key factors hindering the growth of the European electric bus market are high price of electric buses and growing popularity of natural gas fueled buses. Also, Lack of infrastructure, such as charging station in European countries, is hindering the growth of the electric bus in public fleets.
Europe Electric Bus Market: Regions
Europe Electric Bus Market is segmented based on regional analysis into major countries. These include UK, Germany, France, Italy, Spain, and the rest of Europe.
Europe Electric Bus Market in Germany held the largest market share of XX.X% in the year 2018. The growth of the electric bus market has been supported by favourable government regulations, the involvement of a large number of local players and growing investment in the production of battery technology in the area. Over the forecast period, the United Kingdom is expected to grow with highest CAGR primarily driven by government funding schemes for the adoption of electric vehicles and the growth of electric vehicle-related infrastructure including charging stations.
Europe Electric Bus Market: Key Players
• Solaris Bus & Coach
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• VDL Bus & Coach BV
• Bozankaya A.S.
• Belkommunmash Holding
• SOR Libchavy spol. s r.o.
• AB Volvo
• Irizar Group
• Scania AB
• Alexander Dennis Limited
• Other Prominent Players
Europe Electric Bus Market report also contains analysis on:
• Europe Electric Bus Market Segments:
o By Vehicle Type
Battery Electric Bus (BEB)
Hybrid Electric Bus (HEB)
Plug-In Hybrid Electric Bus (PHEB)
o By Length
More Than 10 M
Less Than 10 M
o By Battery
Lithium Iron Phosphate (LFP) Battery
Lithium Nickel Manganese Cobalt Oxide (NMC)
• Electric Bus Market Dynamics
• Electric Bus Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints