The Europe Electric Bus Market would witness market growth of 19.5% CAGR during the forecast period (2023-2030).
The primary focus of several market participants is making significant financial investments in R&D and adopting new technology in electric buses. Artificial intelligence integration is anticipated to increase operational effectiveness, increase safety, and lower carbon emissions, hence accelerating the growth of the market as a whole. To expand the usage of electric buses, numerous governments in Europe are launching a variety of projects.
For instance, the Clean Vehicles Directive, which the European Commission published in August 2021, called for the procurement of 45% of vehicles with zero emissions 65% by 2030 in European nations. Phase II of the FAME Scheme, with a budget of Rs. 10,000 crores for a three-year period beginning on April 1, 2019, has been authorized by the government. To increase demand for xEVs, 86 percent of overall financial support has been set aside for the Demand Incentive. By supporting 7000 electric buses, this phase hopes to create demand. Furthermore, new market entrants are primarily focused on growing their market share by launching new buses in developing nations.
The ICCT also stated that a significant impact was also played by the Clean Vehicles Directive, which went into effect in August 2021. The Directive mandates that between August 2021 and December 2025, Member States must purchase 24%–45% of all buses (i.e., anything other than a diesel-only bus) using alternative fuels. By the end of 2021, sales of diesel-only buses had drastically decreased, demonstrating the impact. Zero-emission powertrains are required to meet half of these goals. The targets will grow to 33%-65% in 2026, implying another drop in diesel in the coming years. The rising demand for e-buses mostly reflects the tendency among cities to accept electrification as well as new mobility business technologies and models, like shared mobility and autonomous vehicles. Hence, such factors are propelling the growth of the market in Europe.
The Germany market dominated the Europe Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,235.2 Million by 2030. The UK market is estimated to grow at a CAGR of 18.4% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 20.4% during (2023 - 2030).
Based on Battery Type, the market is segmented into Lithium Iron Phosphate, and Lithium Nickel Manganese Cobalt Oxide. Based on Vehicle, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. Based on Application, the market is segmented into Intercity, and Intracity. Based on End-use, the market is segmented into Public, and Private. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Electric Bus Market is Projected to reach USD 121.2 Billion by 2030, at a CAGR of 20.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BYD Company Ltd., Volvo Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.), Volkswagen AG, Nissan Motor Co., Ltd, Ashok Leyland Limited (Hinduja Group Ltd.), Mercedes-Benz Group AG (Daimler Truck Holding AG), Yutong Bus Co., Ltd., Tata Motors Limited (Tata Group) and Hyundai Motor Company.
Scope of the Study
Market Segments Covered in the Report:
By Battery Type
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt Oxide
By Vehicle
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
By Application
By End-Use
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- BYD Company Ltd.
- Volvo Group
- Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
- Volkswagen AG
- Nissan Motor Co., Ltd
- Ashok Leyland Limited (Hinduja Group Ltd.)
- Mercedes-Benz Group AG (Daimler Truck Holding AG)
- Yutong Bus Co., Ltd.
- Tata Motors Limited (Tata Group)
- Hyundai Motor Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Electric Bus Market, by Battery Type
1.4.2 Europe Electric Bus Market, by Vehicle
1.4.3 Europe Electric Bus Market, by Application
1.4.4 Europe Electric Bus Market, by End-Use
1.4.5 Europe Electric Bus Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr – 2023, Jun) Leading Players
Chapter 4. Europe Electric Bus Market by Battery Type
4.1 Europe Lithium Iron Phosphate Market by Country
4.2 Europe Lithium Nickel Manganese Cobalt Oxide Market by Country
Chapter 5. Europe Electric Bus Market by Vehicle
5.1 Europe Battery Electric Vehicle Market by Country
5.2 Europe Plug-in Hybrid Electric Vehicle Market by Country
5.3 Europe Fuel Cell Electric Vehicle Market by Country
Chapter 6. Europe Electric Bus Market by Application
6.1 Europe Intercity Market by Country
6.2 Europe Intracity Market by Country
Chapter 7. Europe Electric Bus Market by End-use
7.1 Europe Public Market by Country
7.2 Europe Private Market by Country
Chapter 8. Europe Electric Bus Market by Country
8.1 Germany Electric Bus Market
8.1.1 Germany Electric Bus Market by Battery Type
8.1.2 Germany Electric Bus Market by Vehicle
8.1.3 Germany Electric Bus Market by Application
8.1.4 Germany Electric Bus Market by End-use
8.2 UK Electric Bus Market
8.2.1 UK Electric Bus Market by Battery Type
8.2.2 UK Electric Bus Market by Vehicle
8.2.3 UK Electric Bus Market by Application
8.2.4 UK Electric Bus Market by End-use
8.3 France Electric Bus Market
8.3.1 France Electric Bus Market by Battery Type
8.3.2 France Electric Bus Market by Vehicle
8.3.3 France Electric Bus Market by Application
8.3.4 France Electric Bus Market by End-use
8.4 Russia Electric Bus Market
8.4.1 Russia Electric Bus Market by Battery Type
8.4.2 Russia Electric Bus Market by Vehicle
8.4.3 Russia Electric Bus Market by Application
8.4.4 Russia Electric Bus Market by End-use
8.5 Spain Electric Bus Market
8.5.1 Spain Electric Bus Market by Battery Type
8.5.2 Spain Electric Bus Market by Vehicle
8.5.3 Spain Electric Bus Market by Application
8.5.4 Spain Electric Bus Market by End-use
8.6 Italy Electric Bus Market
8.6.1 Italy Electric Bus Market by Battery Type
8.6.2 Italy Electric Bus Market by Vehicle
8.6.3 Italy Electric Bus Market by Application
8.6.4 Italy Electric Bus Market by End-use
8.7 Rest of Europe Electric Bus Market
8.7.1 Rest of Europe Electric Bus Market by Battery Type
8.7.2 Rest of Europe Electric Bus Market by Vehicle
8.7.3 Rest of Europe Electric Bus Market by Application
8.7.4 Rest of Europe Electric Bus Market by End-use
Chapter 9. Company Profiles
9.1 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.2 Ashok Leyland Limited (Hinduja Group Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Mercedes-Benz Group AG (Daimler Truck Holding AG)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Yutong Bus Co., Ltd.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.5 BYD Company Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Volvo Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Volkswagen AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Nissan Motor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Tata Motors Limited (Tata Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Hyundai Motor Company
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 Europe Electric Bus Market, 2019 - 2022, USD Million
TABLE 2 Europe Electric Bus Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Bus Market
TABLE 4 Product Launches And Product Expansions– Electric Bus Market
TABLE 5 Geographical Expansions– Electric Bus Market
TABLE 6 Europe Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 7 Europe Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 8 Europe Lithium Iron Phosphate Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Lithium Iron Phosphate Market by Country, 2023 - 2030, USD Million
TABLE 10 Europe Lithium Nickel Manganese Cobalt Oxide Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Lithium Nickel Manganese Cobalt Oxide Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 13 Europe Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 14 Europe Battery Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Battery Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 16 Europe Plug-in Hybrid Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe Plug-in Hybrid Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 18 Europe Fuel Cell Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 19 Europe Fuel Cell Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 20 Europe Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 21 Europe Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 22 Europe Intercity Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Intercity Market by Country, 2023 - 2030, USD Million
TABLE 24 Europe Intracity Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Intracity Market by Country, 2023 - 2030, USD Million
TABLE 26 Europe Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 27 Europe Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 28 Europe Public Market by Country, 2019 - 2022, USD Million
TABLE 29 Europe Public Market by Country, 2023 - 2030, USD Million
TABLE 30 Europe Private Market by Country, 2019 - 2022, USD Million
TABLE 31 Europe Private Market by Country, 2023 - 2030, USD Million
TABLE 32 Europe Electric Bus Market by Country, 2019 - 2022, USD Million
TABLE 33 Europe Electric Bus Market by Country, 2023 - 2030, USD Million
TABLE 34 Germany Electric Bus Market, 2019 - 2022, USD Million
TABLE 35 Germany Electric Bus Market, 2023 - 2030, USD Million
TABLE 36 Germany Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 37 Germany Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 38 Germany Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 39 Germany Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 40 Germany Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 41 Germany Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 42 Germany Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 43 Germany Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 44 UK Electric Bus Market, 2019 - 2022, USD Million
TABLE 45 UK Electric Bus Market, 2023 - 2030, USD Million
TABLE 46 UK Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 47 UK Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 48 UK Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 49 UK Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 50 UK Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 51 UK Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 52 UK Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 53 UK Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 54 France Electric Bus Market, 2019 - 2022, USD Million
TABLE 55 France Electric Bus Market, 2023 - 2030, USD Million
TABLE 56 France Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 57 France Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 58 France Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 59 France Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 60 France Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 61 France Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 62 France Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 63 France Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 64 Russia Electric Bus Market, 2019 - 2022, USD Million
TABLE 65 Russia Electric Bus Market, 2023 - 2030, USD Million
TABLE 66 Russia Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 67 Russia Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 68 Russia Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 69 Russia Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 70 Russia Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 71 Russia Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 72 Russia Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 73 Russia Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 74 Spain Electric Bus Market, 2019 - 2022, USD Million
TABLE 75 Spain Electric Bus Market, 2023 - 2030, USD Million
TABLE 76 Spain Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 77 Spain Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 78 Spain Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 79 Spain Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 80 Spain Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 81 Spain Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 82 Spain Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 83 Spain Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 84 Italy Electric Bus Market, 2019 - 2022, USD Million
TABLE 85 Italy Electric Bus Market, 2023 - 2030, USD Million
TABLE 86 Italy Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 87 Italy Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 88 Italy Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 89 Italy Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 90 Italy Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 91 Italy Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 92 Italy Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 93 Italy Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 94 Rest of Europe Electric Bus Market, 2019 - 2022, USD Million
TABLE 95 Rest of Europe Electric Bus Market, 2023 - 2030, USD Million
TABLE 96 Rest of Europe Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 97 Rest of Europe Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 98 Rest of Europe Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 99 Rest of Europe Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 100 Rest of Europe Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 101 Rest of Europe Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 102 Rest of Europe Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 103 Rest of Europe Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 104 Key Information – Solaris Bus & Coach sp. z o.o.
TABLE 105 Key Information – Ashok Leyland Limited
TABLE 106 key information – Mercedes-Benz Group AG
TABLE 107 Key Information – Yutong Bus Co., Ltd.
TABLE 108 key Information – BYD Company Ltd.
TABLE 109 key Information – Volvo Group
TABLE 110 key Information – Volkswagen AG
TABLE 111 Key information – Nissan Motor Corporation
TABLE 112 Key Information – Tata Motors Limited
TABLE 113 key Information – Hyundai Motor Company
LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019,Apr – 2023, Jun) Leading Players
FIG 5 Europe Electric Bus Market share by Battery Type, 2022
FIG 6 Europe Electric Bus Market share by Battery Type, 2030
FIG 7 Europe Electric Bus Market by Battery Type, 2019 - 2030, USD Million
FIG 8 Europe Electric Bus Market share by Vehicle, 2022
FIG 9 Europe Electric Bus Market share by Vehicle, 2030
FIG 10 Europe Electric Bus Market by Vehicle, 2019 - 2030, USD Million
FIG 11 Europe Electric Bus Market share by Application, 2022
FIG 12 Europe Electric Bus Market share by Application, 2030
FIG 13 Europe Electric Bus Market by Application, 2019 - 2030, USD Million
FIG 14 Europe Electric Bus Market share by End-use, 2022
FIG 15 Europe Electric Bus Market share by End-use, 2030
FIG 16 Europe Electric Bus Market by End-use, 2019 - 2030, USD Million
FIG 17 Europe Electric Bus Market share by Country, 2022
FIG 18 Europe Electric Bus Market share by Country, 2030
FIG 19 Europe Electric Bus Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Daimler Truck Holding AG
FIG 21 SWOT ANALYSIS: Mercedes-Benz Group AG
FIG 22 Recent strategies and developments: BYD Company Ltd.
FIG 23 SWOT Analysis: Volvo Group
FIG 24 SWOT Analysis: Volkswagen AG
FIG 25 SWOT Analysis: Nissan Motor Corporation
FIG 26 Recent strategies and developments: Hyundai Motor Company
FIG 27 SWOT Analysis: Hyundai Motor Company