Home Automotive and Transportation Europe Electric Bus Market Size, Share and Forecast to 2030

Europe Electric Bus Market

Europe Electric Bus Market Size, Share & Trends Analysis Report By Propulsion Type (BEV, FCEV, PHEV), By Power Output (Upto 2550 kW, Above 250 kW), Battery Type (NMC batteries, LFP batteries, NCA batteries, Other batteries), By Length Of Bus (Up to 9 m, 9−14 m, Above 14 m), By Seating Capacity (Up to 40 Seats, 40−70 Seats, Above 70 Seats), By Level of Autonomy (Semi-autonomous, Autonomous), By Range (Up to 200 Miles, Above 200 Miles), By Application (Intercity, Intracity), By Battery Capacity (Up to 400 kWh, Above 400 kWh), By Component (Batteries, Motors, Fuel Cell Stacks, Battery Management Systems, Battery Cooling Systems, DC-DC Converters, Inverters, AC/DC Chargers, EV Connectors) and By Country(U.K., Germany, France, Italy, Russia, Nordic, Benelux, Rest of Europe) Forecasts, 2024-2032

Report Code: SRAT22466DR
Study Period 2020-2032 CAGR 13.50%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The Europe electric bus market size witnessed significant growth in the past and is expected to grow at a CAGR of around 13.50% during the forecast period (2023-2030).

Instead of ICE engines, e-buses use electric motors. The E-bus uses a battery-powered electric motor. Electric buses don't pollute. Gasoline/diesel buses cost more. The electric bus market is driven by government regulations on vehicle emissions, demand for fuel-efficient, high-performance, and low-emission buses, and lowering battery prices.

Fuel economy, serviceability, and manufacturing costs limit market growth. Growth potential comes from technological advances and strong government policies to boost bus uptake. Fossil fuel gasoline will run out. Develop and use alternative fuels for sustainable growth. Electric buses are cheaper and gas-free. These factors drive better fuel-efficient technology and electric buses for travel.

Highlights

  • BEV dominates the market by propulsion type. 
  • Battery dominates the market by component.
  • Fleet operator dominates the market by consumer segment.
  • 9-14m dominates the market by the length of the bus.
  • Intracity dominates the market by application.
  • Less than 200 miles dominates the market by vehicle range.
  • Up to 400 kWh dominates the market by battery capacity.
  • Up to 250kw dominates the market by power output.
  • Lithium-nickel-phosphate dominates the market by battery type.

Market Dynamics

Europe Electric Bus Market Drivers

Government Regulation

Europe has strict emission laws and aims to reduce greenhouse gas emissions and enhance air quality. They have established targets for switching to low- and zero-emission buses, establishing a favorable policy environment for electric buses. 

Germany's National Electromobility Development Plan (Nationale Leitmarktinitiative Elektromobilität) has lofty bus electrification goals. By 2030, 7,000 electric buses are planned. The German government has implemented policies and financial incentives to attain this goal.

Europe Electric Bus Market Restraints

High Cost

Transport for London (TfL), the city's transportation agency, is switching to electric buses to decrease emissions and improve air quality. Electric buses' higher upfront cost has hindered uptake. TfL says electric buses cost 60-70% more than diesel buses. This cost differential may constrain TfL and other transit agencies, especially when replacing or expanding their fleets.

Europe Electric Bus Market Opportunities

Technological Advancement

Electric buses are benefiting from battery, charging, and drivetrain improvements. Electric bus performance improves due to battery energy density, charging time, and range. The Volvo 7900 Electric, a fully electric bus, was unveiled in 2015. They've improved their electric buses since then. The 2020 Volvo 7900 Electric Articulated has more battery capacity, range, and efficiency. Electric buses are becoming more efficient, reliable, and affordable, increasing their adoption throughout Europe.

Regional Analysis

The Europe electric bus market is analyzed across the U.K., Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the market and is expected to grow at a CAGR of 14.25% during the forecast period.

Europe is experiencing a rising desire for electric buses because more people are learning how good they are for the environment. Traditional buses that run on gasoline or diesel release much more carbon dioxide and other pollutants than electric buses. This is becoming more important as towns try to improve the air quality. Electric buses are also usually quieter than buses with internal combustion engines, which is another benefit in cities with many people. Since the European Union has set high goals for reducing greenhouse gas emissions, city transit officials are increasingly interested in switching to electric buses. Several European towns have already started testing electric buses, and the results have been good.

Report Scope

Report Metric Details
Segmentations
By Propulsion Type
  1. BEV
  2. FCEV
  3. PHEV
By Power Output
  1. Upto 2550 kW
  2. Above 250 kW
Battery Type
  1. NMC batteries
  2. LFP batteries
  3. NCA batteries
  4. Other batteries
By Length Of Bus
  1. Up to 9 m
  2. 9−14 m
  3. Above 14 m
By Seating Capacity
  1. Up to 40 Seats
  2. 40−70 Seats
  3. Above 70 Seats
By Level of Autonomy
  1. Semi-autonomous
  2. Autonomous
By Range
  1. Up to 200 Miles
  2. Above 200 Miles
By Application
  1. Intercity
  2. Intracity
By Battery Capacity
  1. Up to 400 kWh
  2. Above 400 kWh
By Component
  1. Batteries
  2. Motors
  3. Fuel Cell Stacks
  4. Battery Management Systems
  5. Battery Cooling Systems
  6. DC-DC Converters
  7. Inverters
  8. AC/DC Chargers
  9. EV Connectors
Company Profiles BYD Auto YUTONG VDL GROUP AB VOLVO Anhui Ankai Automobile Co., Ltd. The Lion Electric Company Tata Motors JBM Auto Limited (JBM Group) Chariot Motors Carrosserie Hess AG Heuliez Bus Hybricon Optare Rampini Carlo SOR Libchavy spoil. s r. o. Van Hool NV
Geographies Covered
Europe U.K. Germany France Italy Russia Nordic Benelux Rest of Europe
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

The Europe electric bus market is segmented based on propulsion type, component, consumer segment, bus length, application, vehicle range, battery capacity, power input, battery type, and country.

Propulsion Type further segments the market into BEV, PHEV, and FCEV.

BEV segment dominates the market and is expected to grow at a CAGR of 13.55% during the forecast period.

Component further segments the market into Motor, Battery, Fuel Cell Stack, Battery Management System, Battery Cooling System, and E.V. Connectors.

Battery dominated the market and is expected to register a CAGR of 13.96% over the forecast period.

Consumer Segment further segments the market into Fleet Operators, Government.

The Fleet Operator segment dominates the market and is expected to grow at a CAGR of 13.24% during the forecast period.

The market is further segmented by Length Of The Bus into Less Than 9m, 9-14m, and Above 14m.

The 9-14m segment dominates the market and is expected to grow at a CAGR of 13.69% during the forecast period.

The market is further segmented by application into Intercity, Intracity.

Intracity dominated the market and is expected to register a CAGR of 13.69% over the forecast period.

The market is further segmented by Vehicle Range into Less Than 200 Miles, Above Miles.

The less than 200 miles segment dominates the market and is expected to grow at a CAGR of 13.48% during the forecast period.

Battery Capacity further segments the market into up to 400kwh and above 400kwh.

The up to 400 kWh segment dominates the market and is expected to grow at a CAGR of 13.07% during the forecast period.

The market is further segmented by Power Input into Up to 250kw, Above 250kw.

Up to 250kw dominated the market and is expected to register a CAGR of 13.62% over the forecast period.

The market is further segmented by Battery type into Lithium-Nickel-Manganese-Cobalt-Oxide, Lithium-Iron-Phosphate.

The lithium-Iron-Phosphate segment dominates the market and is expected to grow at a CAGR of 13.66% during the forecast period.

Market Size By Propulsion Type

Recent Developments

  • May 2023- Volvo Group Mobility Transformation Forum urges collaboration to accelerate Europe's fossil-free future.
  • May 2023- Lion Electric Company launched the Lion5, an all-electric Class 5 vehicle powered by LionBattery packs, its 800V battery packs.

Top Key Players

BYD Auto YUTONG VDL GROUP AB VOLVO Anhui Ankai Automobile Co., Ltd. The Lion Electric Company Tata Motors JBM Auto Limited (JBM Group) Chariot Motors Carrosserie Hess AG Heuliez Bus Hybricon Optare Rampini Carlo SOR Libchavy spoil. s r. o. Van Hool NV Others

Frequently Asked Questions (FAQs)

How big is the Europe electric bus market?
The Europe electric bus market size witnessed significant growth in the past and is expected to grow at a CAGR of around 13.50% during the forecast period (2023-2030).
Key verticals adopting the market include: BYD Auto, YUTONG, VDL GROUP, AB VOLVO, Anhui Ankai Automobile Co., The Lion Electric Company, Tata Motors, JBM Auto Limited (JBM Group), Chariot Motors, Carrosserie Hess AG, Heuliez Bus, Hybricon, Optare, Rampini Carlo, SOR Libchavy spoil. s r. o., Van Hool NV Ltd.
Government regulation is the key driver for the growth of the Europe market.
Technological advancement is one of the upcoming key trends in the Europe market.


We are featured on :

This website uses cookies to ensure you get the best experience on our website. Privacy Policy