MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Europe Electric Bus Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Europe Electric Bus Market: 2022-2027
The Europe Electric Bus Market is estimated to grow at a CAGR of around 16.66% during the forecast period, i.e., 2022-27.
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What are the Key Trends driving the growth of the Europe Electric Bus market?
Key Trends in the Europe Electric Bus Market: Government Mandates for Electrification of Transit System
As concerns over the ill effects of air pollution emission on human health environment are mounting rapidly, alongside the skyrocketing prices of fossil fuels, the demand for greener, cleaner, and cost-effective alternatives is escalating swiftly. It, in turn, is also influencing the demand for Electric Vehicles, including Buses, replacing Internal Combustion Engines (ICE) buses across Europe. In fact, by the time it is 2030, Europe shall demonstrate an approximately 67% surge in the sales of zero-emission buses, which would reflect a fleet size of 65,000 e-buses.
In the same line, various governing agencies in the region are also participating actively in the industry and contributing through the implementation of intense emissions regulations, propelling the demand sales for electric buses as a zero-emission solution. Since such moves allow cities to meet their environmental goals without compromising the transportation infrastructure, it is set to have a growing opportunistic future for the industry in the coming years.
Europe Electric Bus Market Segmentation:
The Europe Electric Bus market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Propulsion Type
-Battery Electric Bus (BEV)
-Plug-in Hybrid Electric Bus (PHEV)
-Fuel Cell Electric Bus (FCEV)
- Here, Battery Electric Bus acquired the largest share of the Europe Electric Bus Market in the previous years and shall prevail in the same trend during the forecast period.
By Battery Type
-Lithium Ion
-Nickel-metal hydride battery
-Others (Lead-Acid Batteries, Ultracapacitors)
By Application
-Intercity
-Intracity
By End User
-Private
-Government
By Length of Bus
-Less the 9M
-9-15M
-15-20M
-Above 20M
By Battery Capacity
-100-200 kWh
-200-300 kWh
-Above 300 kWh
By Range
-100-200 miles
-Above 200 miles
Geographical Analysis into the Europe Electric Bus Market:
- The UK
- Germany
- Italy
- France
- Spain
- Poland
- Sweden
- Belgium
- The Netherlands
- Rest of Europe
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Competitive Landscape and Europe Electric Bus Market Share Analysis:
The competitive landscape of the Europe Electric Bus market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Solaris Bus Coach, IVECO Bus, Traton Group, AB Volvo, Mercedes-Benz Group AG, EBUSCO, BYD Auto Co. Ltd., Van Hool, VDL Bus Coach, EvoBus GmbH, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Europe Electric Bus Market growth?
- How is the Europe Electric Bus Market expected to grow over the next five years?
- What are the key insights into the current trends in the Europe Electric Bus Market?
- What is the current size of the Europe Electric Bus Market, and how is it projected to change in the future?
- What is the future outlook for the Europe Electric Bus Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.
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