Europe Electric Bus Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Vehicle Type (Battery Electric Bus, Hybrid electric Bus, and Plug-in Hybrid Electric Bus), Hybrid Powertrain (Series Parallel Hybrid, Parallel Hybrid, and Series Hybrid), Battery [Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC)], and End User (Public and Private)
The Europe electric bus market is expected to grow from US$ 1,493.80 million in 2021 to US$ 5,882.93 million by 2028; it is estimated to grow at a CAGR of 21.6% from 2021 to 2028
An electric powertrain is combined with fuel cell systems, controlled technology, and batteries to power hydrogen-fueled buses. These buses are considered next-generation green transportation because their lifespan is far longer than a typical electric bus. The hydrogen fuel cell bus can refuel quickly and has many directions. With such benefits, the demand for hydrogen fuel cell buses is skyrocketing. For instance, over a thousand hydrogen buses are expected to be launched during the next few years. The deployment will grow significantly over the next decade, with the scalability factor outweighing the high procurement costs. For instance, within the scope of three initiatives in Cwmbran, Warwickshire, and Ballymena, the UK Business Secretary announced a GBP 54 million fund to create the next generation of electric trucks and hydrogen-powered buses. The initiatives are expected to create around 10,000 jobs and reduce 45 million tons of carbon emissions across the UK. Thus, the increasing demand for hydrogen-fueled buses is driving the electric bus market across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electric bus market. The Europe electric bus market is expected to grow at a good CAGR during the forecast period.
Europe Electric Bus Market Revenue and Forecast to 2028 (US$ Million)
Europe Electric Bus Market Segmentation
The Europe electric bus market is segmented based on vehicle type, hybrid powertrain, battery, end user, and country. Based on vehicle type, the market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment dominated the market in 2021. Based on hybrid powertrain, the market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment dominated the market in 2021. Based on battery, the market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment dominated the market in 2021. Based on end user, the market is bifurcated into public and private. The public segment dominated the market in 2021. Based on country, the Europe electric bus market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The UK dominated the market in 2021.
AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; Ebusco; King Long United Automotive Industry Co., Ltd; NFI Group; Shenzhen Wuzhoulong Motors Co., Ltd; and Van Hool NV are among the leading companies in the Europe electric bus market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.2.1 Europe Electric Bus Market – By Vehicle Type
1.2.2 Europe Electric Bus Market – By Hybrid Powertrain
1.2.3 Europe Electric Bus Market – By Battery
1.2.4 Europe Electric Bus Market – By End User
1.2.5 Europe Electric Bus Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electric Bus Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Electric Bus Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Hydrogen Fuel Bus
5.1.2 Stiff Government Emission Regulations
5.2 Market Restraints
5.2.1 High Initial and Development Cost
5.3 Market Opportunities
5.3.1 Rising Production of Low-cost Lithium ion-Phosphate Batteries
5.4 Future Trends
5.4.1 Emergence of Autonomous and Semi-Autonomous Transportation Systems
5.5 Impact Analysis of Drivers and Restraints
6. Electric Bus Market – Europe Analysis
6.1 Europe Electric Bus Market Overview
6.2 Europe Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Electric Bus Market Analysis – By Vehicle Type
7.1 Overview
7.2 Europe Electric Bus Market, By Vehicle Type (2020 and 2028)
7.3 Battery Electric Bus
7.3.1 Overview
7.3.2 Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hybrid Electric Bus
7.4.1 Overview
7.4.2 Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Plug-in Hybrid Electric Bus
7.5.1 Overview
7.5.2 Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Electric Bus Market Analysis – By Hybrid Powertrain
8.1 Overview
8.2 Europe Electric Bus Market, By Hybrid Powertrain (2020 and 2028)
8.3 Series Parallel Hybrid
8.3.1 Overview
8.3.2 Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Parallel Hybrid
8.4.1 Overview
8.4.2 Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Series Hybrid
8.5.1 Overview
8.5.2 Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Electric Bus Market Analysis – By Battery
9.1 Overview
9.2 Europe Electric Bus Market, By Battery (2020 and 2028)
9.3 Lithium Iron Phosphate (LFP)
9.3.1 Overview
9.3.2 Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Lithium Nickel Manganese Cobalt Oxide (NMC)
9.4.1 Overview
9.4.2 Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Electric Bus Market Analysis – By End User
10.1 Overview
10.2 Europe Electric Bus Market, By End User (2020 and 2028)
10.3 Public
10.3.1 Overview
10.3.2 Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Private
10.5.1 Overview
10.5.2 Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11. Europe Electric Bus Market – Country Analysis
11.1 Overview
11.1.1 Europe: Electric Bus Market, by Key Country
11.1.2.1 Germany: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 Germany: Electric Bus Market, By Vehicle Type
11.1.2.1.2 Germany: Electric Bus Market, By Hybrid Powertrain
11.1.2.1.3 Germany: Electric Bus Market, By Battery
11.1.2.1.4 Germany: Electric Bus Market, By End User
11.1.2.2 France: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 France: Electric Bus Market, By Vehicle Type
11.1.2.2.2 France: Electric Bus Market, By Hybrid Powertrain
11.1.2.2.3 France: Electric Bus Market, By Battery
11.1.2.2.4 France: Electric Bus Market, By End User
11.1.2.3 Italy: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 Italy: Electric Bus Market, By Vehicle Type
11.1.2.3.2 Italy: Electric Bus Market, By Hybrid Powertrain
11.1.2.3.3 Italy: Electric Bus Market, By Battery
11.1.2.3.4 Italy: Electric Bus Market, By End User
11.1.2.4 UK: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 UK: Electric Bus Market, By Vehicle Type
11.1.2.4.2 UK: Electric Bus Market, By Hybrid Powertrain
11.1.2.4.3 UK: Electric Bus Market, By Battery
11.1.2.4.4 UK: Electric Bus Market, By End User
11.1.2.5 Russia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.5.1 Russia: Electric Bus Market, By Vehicle Type
11.1.2.5.2 Russia: Electric Bus Market, By Hybrid Powertrain
11.1.2.5.3 Russia: Electric Bus Market, By Battery
11.1.2.5.4 Russia: Electric Bus Market, By End User
11.1.2.6 Rest of Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.1 Rest of Europe: Electric Bus Market, By Vehicle Type
11.1.2.6.2 Rest of Europe: Electric Bus Market, By Hybrid Powertrain
11.1.2.6.3 Rest of Europe: Electric Bus Market, By Battery
11.1.2.6.4 Rest of Europe: Electric Bus Market, By End User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 King Long United Automotive Industry Co., Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Shenzhen Wuzhoulong Motors Co., Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BYD Company Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daimler AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ebusco
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 CAF Group (Solaris Bus & Coach)
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NFI Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Van Hool NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Electric Bus Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Electric Bus Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Electric Bus Market, By Hybrid Powertrain – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Electric Bus Market, By Battery – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe: Electric Bus Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Electric Bus Market Segmentation
Figure 2. Europe Electric Bus Market Segmentation – By Country
Figure 3. Europe Electric Bus Market Overview
Figure 4. Europe Electric Bus Market, By Vehicle Type
Figure 5. Europe Electric Bus Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Electric Bus Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 11. Europe Battery Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Plug-in Hybrid Electric Bus: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)
Figure 15. Europe Series Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Parallel Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Series Hybrid: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Electric Bus Market Revenue Share, By Battery (2020 and 2028)
Figure 19. Europe Lithium Iron Phosphate (LFP): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Electric Bus Market Revenue Share, By End User (2020 and 2028)
Figure 22. Europe Public: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Private: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Electric Bus Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. Europe: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Germany: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Electric Bus Market – Revenue and Forecast to 2028 (US$ Million)
- AB Volvo
- BYD Company Ltd
- CAF Group (Solaris Bus & Coach)
- Daimler AG
- Ebusco
- King Long United Automotive Industry Co., Ltd
- NFI Group
- Shenzhen Wuzhoulong Motors Co., Ltd
- Van Hool NV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe electric bus market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify busines s expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the electric bus market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution