Europe Electric Bus Market Report: Complete Analysis of the Market Outlook to 2027
A recent research study by MarkNtel Advisors cites that the Europe Electric Bus Market Size, Share, Analysis, and Trends experienced notable growth in previous years and forecasts indicate around 16.66% compound annual growth rate (CAGR) for the market during 2022-27.
The report covers the major factors influencing its growth, drivers, restraints, opportunities, & challenges, along with recent developments & innovations that have contributed to the market expansion in the historical period, i.e., 2017-20.
It further presents a competitive landscape, which includes the leading players operating in the Europe Electric Bus Industry, their recent product launches & innovations, along with the key strategies adopted by them to stay ahead in the competition. Additionally, the report explains the Europe Electric Bus Market through different segments/sub-segments, and regions/countries, suggesting opportunistic areas for stakeholders to tap upon.
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Scope of the Europe Electric Bus Market Report: Key Points CoveredEurope Electric Bus Market size & share forecast for various segments & regions Analysis of the major factors influencing the Europe Electric Bus Market growth, which include drivers, restraints, opportunities, & challenges Comprehensive overview of the value chain of the Europe Electric Bus Market trends using Porter's five forces model Information on high-growth segments in the Europe Electric Bus Market to present opportunities to stakeholders Insights into joint ventures, mergers & acquisitions, recent product launches & developments in the Europe Electric Bus Market
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.
Top Competitors in the Europe Electric Bus Market: Detailed Analysis
In this section, the top players in the Europe Electric Bus Market have been identified by comparing their revenues, resources, product portfolio, market share, key initiatives, and recent launches, among other aspects associated with the industry.
Europe Electric Bus Market leaders are the following often participate in joint venture programs & resource sharing in order to achieve their respective objectives efficiently. Their financials, R&D investments, strengths, & weaknesses, among other findings, all have been carefully validated through Porter's five forces analysis.
- Solaris Bus & Coach
- IVECO Bus
- Traton Group
- AB Volvo
- Mercedes-Benz Group AG,
- BYD Auto Co. Ltd.
- Van Hool
- VDL Bus & Coach
- EvoBus GmbH
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Europe Electric Bus Market: Opportunistic Segments and Regions/Countries
The report delves into the dynamic landscape of the Europe Electric Bus Market, covering the major aspects driving its growth across different segments/sub-segments and regions/countries to help stakeholders achieve market positioning and identify their target audience & revenue strategies. The industry is derived on the basis of the following:
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 End User
By Length of Bus
- Less the 9M
- Above 20M
By Battery Capacity
- 100-200 kWh
- 200-300 kWh
- Above 300 kWh
- 100-200 miles
- Above 200 miles
At the geographic level, the Europe Electric Bus Market spans across:
- The UK
- The Netherlands
- Rest of Europe
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Europe Electric Bus Market Report: Key Questions AnsweredWhat would be the CAGR of the Europe Electric Bus Market during 2022-27? What are the major regions/countries projected to offer remunerative opportunities to the Europe Electric Bus Market? Who are the leading competitors in the Europe Electric Bus Market, and how are they shaping the market growth? Which segments/sub-segments would account for the major share of the Europe Electric Bus Market during 2022-27? What are the latest trends in the Europe Electric Bus Market, and how are they impacting the industry’s growth trajectory?
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Note: The Europe Electric Bus Market research report can be customized as per the specific requirements of clients, providing them with comprehensive & valuable insights at various levels. This personalized approach enables them to understand the market's true potential, create effective strategies, and make informed decisions to stay ahead of the competition.
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