What’s Driving The Growth Of The Electric Bus Market In Europe?
Research Reports
Dec 23, 2022
Europe Electric Bus Market Study, a recently released report by MarkNtel Advisors, is structured in a way that aids the readers in gaining a thorough understanding of the overall market landscape and its most lucrative areas. Additionally, the research report quantitatively presents precise data in a statistical way. It looks at recent market prospects as well as historical successes. The consumption, geography, market segmentation, and competitive environment are some of the main topics of the report. The research primarily divides the data by region to assess the top businesses, geographical areas, and relevant market sectors covered in the report.
The study seeks to offer a thorough, in-depth analysis so that readers can get something from it. The report, which was meticulously evaluated and assembled by experts in the industry, will make clear the crucial information that clients are required to supply. Along with looking at market prospects, it also analyses the market drivers and restraints and how they will affect demand over the course of the forecast period.
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Major Highlight of the Market Analysis Report-
-The market study offers detailed data on the market size, regional market share, historical market, and forecast (2022-2027)
-The study provides in-depth analysis of the competitor’s market share, important market developments, and key business strategies.
-The study lists the market current drivers, restraints, unmet needs, and trends.
-The research analyses current market breakthroughs, significant advancements, and start-up information.
-The report offers a wealth of details on market entry tactics, the regulatory environment, and reimbursement scenarios.
Latest Trends in Europe Electric Bus Industry –
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
Market Segment Study –
The segmentation analysis section of the report focuses on the performance of the Europe Electric Bus Market across various segments and geographies, which can help stakeholders plan their investments to increase their visibility, product portfolio, and clientele, resulting in significant revenue generation in the forecast years.
Market Divided into, By Propulsion Type
-Battery Electric Bus (BEV)
-Plug-in Hybrid Electric Bus (PHEV)
-Fuel Cell Electric Bus (FCEV)
Market Divided into, By Battery Type
-Lithium Ion
-Nickel-metal hydride battery
-Others (Lead-Acid Batteries, Ultracapacitors)
Market Divided into, By Application
-Intercity
-Intracity
Market Divided into, By End User
-Private
-Government
Market Divided into, By Length of Bus
-Less the 9M
-9-15M
-15-20M
-Above 20M
Market Divided into, By Battery Capacity
-100-200 kWh
-200-300 kWh
-Above 300 kWh
Market Divided into, By Range
-100-200 miles
-Above 200 miles
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Geographical Landscape –
The Europe Electric Bus Market is divided into the following country: –
-The UK
-Germany
-Italy
-France
-Spain
-Poland
-Sweden
-Belgium
-The Netherlands
-Rest of Europe
Some Latest Development in the Europe Electric Bus Industry –
– Recently, VDL Bus & Coach began the construction of a new, climate-neutral factory in Roeselare, Belgium, for manufacturing the first e-bus. The facility is designed to manufacture only electrically powered buses in a climate-neutral & efficient manner.
– In June 2022, another company, Van Hool, launched a new category of zero-emission public buses, the A-Series, at the European Mobility Expo hosted in Paris. This A-series of zero-emission buses is set to feature a battery-electric & fuel cell (hydrogen) powertrain in four different lengths (12m, 13m, 18m, and 24m).
– Moreover, BYD Auto Co. Ltd. China collaborated with Castrosua, a Spain-based bodywork design & assembly company, to manufacture customized 12-meter electric buses for urban & commuter use in Spain. The Chinese player would provide advanced chassis with an electric powertrain for building the e-bus, whereas the Spanish brand would utilize the NELEC body to provide high-caliber electric transport solutions to the users.
Competitive Landscape Analysis:
To identify the major rivals in the market environment, a thorough and adequate competitive landscape analysis is necessary. The comparison is done based on factors including the overall revenue of mentioned companies, market potential, reach, production capabilities, market initiatives, corporate finances, production locations and facilities, company strengths and weaknesses, and investments made in R&D, among others. These major market participants include –
-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
To preserve their position in the market, these businesses have used a variety of strategies, such as growth, partnerships, the development of new products, collaborations, and mergers and acquisitions. The study is also crucial for assessing each market participant business performance, product portfolio, operational segments, and developments. The feasibility of the return on investment (ROI) with the estimated SWOT analysis are also included in the report.
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Note: MarkNtel Advisors also provides customized reports, wherein our dedicated analysts and domain-specific specialists strive to add value while curating personalized reports to meet the diverse needs of clients, allowing them to make sound decisions before investing in the industry.
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