Europe Electric Bus Market Report and Forecast 2024-2032
Market Report I 2024-02-12 I 196 Pages I EMR Inc.
Europe Electric Bus Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Europe electric bus market reached a value of USD 2.23 billion in 2023. Aided by the stringent environmental regulations, technological advancements, and a strong commitment to reducing greenhouse gas emissions, the market is projected to further grow at a CAGR of 18.5% between 2024 and 2032 to reach a value of USD 10.71 billion by 2032.
Electric buses offer a compelling alternative to traditional diesel buses, providing numerous environmental, economic, and social benefits. These vehicles are integral to achieving the European Union's ambitious climate goals, including the reduction of CO2 emissions and the promotion of renewable energy sources in transportation.
The surge in the Europe electric bus market demand is driven by several key factors. Foremost among these is the robust regulatory framework aimed at curbing pollution and promoting sustainable transport solutions. Initiatives such as the Clean Vehicles Directive and the European Green Deal have set clear targets for the adoption of zero-emission vehicles, including electric buses.
Technological advancements in battery storage, charging infrastructure, and energy efficiency have significantly enhanced the performance and reliability of electric buses, making them increasingly viable for widespread use. Moreover, the decreasing cost of batteries and the growing availability of charging infrastructure have further facilitated the Europe electric bus market growth.
Additionally, the growing public and political awareness of environmental issues has led to increased demand for green transport solutions from both consumers and policymakers. This societal shift, coupled with the economic incentives for operators to transition to electric fleets, has catalysed the adoption of electric buses across Europe.
The Europe electric bus market outlook is being influenced by a dynamic and competitive landscape, with numerous manufacturers and technology providers vying for market share. This competition has spurred innovation, leading to the development of electric buses that are not only environmentally friendly but also offer enhanced passenger comfort, safety, and operational efficiency.
Regulatory support is a cornerstone of the electric bus market's growth in Europe. European directives and national policies provide a framework for the procurement of clean buses, the development of necessary charging infrastructure, and the allocation of funding and subsidies to support the transition to electric mobility.
Market Segmentation
The market can be divided based on propulsion type, length, battery type, range, battery capacity, end user, and country.
Market Breakup by Propulsion Type
- Battery Electric Bus
- Plug-in Hybrid Electric Bus
- Fuel Cell Electric Bus
Market Breakup by Length
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
Market Breakup by Battery Type
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
- Others
Market Breakup by Range
- Less than 200 Miles
- More than 200 Miles
Market Breakup by Battery Capacity
- Up to 400 kWh
- Above 400 kWh
Market Breakup by End User
- Private
- Public
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe electric bus market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yutong Bus Co., Ltd.
- Daimler Truck AG
- IVECO S.p.A
- Solaris Bus & Coach sp. z o.o.
- AB Volvo
- Traton SE
- Karsan Otomotiv San. ve Tic. A.S
- Xiamen Golden Dragon Bus Co.,LTD
- TAM-Europe d.o.o.
- BYD Europe B.V.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Electric Bus Market Overview
8.1 Key Industry Highlights
8.2 Global Electric Bus Historical Market (2018-2023)
8.3 Global Electric Bus Market Forecast (2024-2032)
8.4 Global Electric Bus Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Electric Bus Market Overview
9.1 Key Industry Highlights
9.2 Europe Electric Bus Historical Market (2018-2023)
9.3 Europe Electric Bus Market Forecast (2024-2032)
10 Europe Electric Bus Market by Propulsion Type
10.1 Battery Electric Bus
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Plug-in Hybrid Electric Bus
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fuel Cell Electric Bus
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Electric Bus Market by Length
11.1 Less than 9 Meters
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 9-14 Meters
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 14 Meters
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Europe Electric Bus Market by Battery Type
12.1 Lithium-ion Battery
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Nickel-Metal Hydride Battery (NiMH)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Europe Electric Bus Market by Range
13.1 Less than 200 Miles
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 More than 200 Miles
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Europe Electric Bus Market by Battery Capacity
14.1 Up to 400 kWh
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Above 400 kWh
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Europe Electric Bus Market by End User
15.1 Private
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Public
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 Europe Electric Bus Market by Country
16.1 Germany
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 United Kingdom
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
16.3 France
16.3.1 Historical Trend (2018-2023)
16.3.2 Forecast Trend (2024-2032)
16.4 Italy
16.4.1 Historical Trend (2018-2023)
16.4.2 Forecast Trend (2024-2032)
16.5 Others
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter's Five Forces Analysis
17.2.1 Supplier's Power
17.2.2 Buyer's Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
17.3 Key Indicators of Demand
17.4 Key Indicators of Price
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Yutong Bus Co., Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Daimler Truck AG
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 IVECO S.p.A
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Solaris Bus & Coach sp. z o.o.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 AB Volvo
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Traton SE
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Karsan Otomotiv San. ve Tic. A.S
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Xiamen Golden Dragon Bus Co.,LTD
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 TAM-Europe d.o.o.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 BYD Europe B.V.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Bus Market: Key Industry Highlights, 2018 and 2032
2. Europe Electric Bus Market: Key Industry Highlights, 2018 and 2032
3. Europe Electric Bus Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
4. Europe Electric Bus Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
5. Europe Electric Bus Historical Market: Breakup by Length (USD Billion), 2018-2023
6. Europe Electric Bus Market Forecast: Breakup by Length (USD Billion), 2024-2032
7. Europe Electric Bus Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
8. Europe Electric Bus Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
9. Europe Electric Bus Historical Market: Breakup by Range (USD Billion), 2018-2023
10. Europe Electric Bus Market Forecast: Breakup by Range (USD Billion), 2024-2032
11. Europe Electric Bus Historical Market: Breakup by Battery Capacity (USD Billion), 2018-2023
12. Europe Electric Bus Market Forecast: Breakup by Battery Capacity (USD Billion), 2024-2032
13. Europe Electric Bus Historical Market: Breakup by End User (USD Billion), 2018-2023
14. Europe Electric Bus Market Forecast: Breakup by End User (USD Billion), 2024-2032
15. Europe Electric Bus Historical Market: Breakup by Country (USD Billion), 2018-2023
16. Europe Electric Bus Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Europe Electric Bus Market Structure
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.