Europe Electric Bus Market Outlook for 2022-27
Markntel Advisors has conducted a comprehensive study on the Europe Electric Bus Market is projected to grow at a CAGR of around 16.66% during the forecast period, i.e., 2022-27. The market is driven by the presence of stringent limitations by the governments of different countries in the region to curb the mounting emissions, where pollution from automobiles has been the prominent cause. It, in turn, is demonstrating a rise in the adoption of electric vehicles, including buses, curating the market dynamics & instigating the leading players to increase their development, production, and distribution capacities for these vehicles.
In addition, the Europe Electric Bus Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Possible Restraint: High Cost & Low Battery Efficiency
Since Electric Buses equipped with batteries are expensive and need a timely inspection to ensure top-notch performance, may cost-sensitive users might be hesitant in investing in Electric Buses. Besides, the total cost of ownership & maintenance for these buses is higher than conventional buses, discouraging users to buy gasoline-powered buses.
Moreover, as of today, the overall battery performance of e-buses is lesser than traditional buses owing to the low charging capacity, long charge duration, and limited range per charge. Such lower performance might affect the demand for these buses, particularly in colder climates, affecting the overall perform performance efficiency of the vehicle and hampering the fledged growth of the Europe Electric Bus Market.
Europe Electric Bus Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Europe Electric Bus Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Propulsion Type
-Battery Electric Bus (BEV)
-Plug-in Hybrid Electric Bus (PHEV)
-Fuel Cell Electric Bus (FCEV)
-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
-By Country
-The UK
-Germany
-Italy
-France
-Spain
-Poland
-Sweden
-Belgium
-The Netherlands
-Rest of Europe
Each sections offer valuable insights into the Europe Electric Bus Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Europe Electric Bus Industry
-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
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Europe Electric Bus Market Research Report Answers the Following Key Questions
- How big is the Europe Electric Bus Market?
- What is the projected growth rate or CAGR of the Europe Electric Bus Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Europe Electric Bus Market?
- Which ‘segment’ seems promising for companies operating in the Europe Electric Bus Market?
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