The European electric bus market is estimated to grow at an exponential CAGR during the forecast period. The rising acceptance of the electric buses owing to the growing environmental concerns along with the available federal and private funding are the key factors to propel the growth of the European electric bus market. In January 2020, the EU Commission had approved an increase of $326 million in German state aid for the purchase of electric buses. In July 2019, the German Federal Ministry for the Environment (BMU) had granted $15.6 million to the five cities namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach for the purchase of around 70 electric buses. Moreover, according to the estimation of the UITP, the International Association of Public Transport, around 45% of newly licensed units in Europe will be fully electric by 2030.This fact reveals a significant aspect of the growth of the electric bus market in the region.

The market is segmented on the basis of bus type, battery type, end-user, and country. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on end-user, the market is sub-segmented into government and fleet owners. The government is anticipated to hold considerable share based on end-user owing to its active involvement in the purchase of electric buses to reduce the level of greenhouse gases. Based on the country, the market is segmented into UK, Germany, France, Italy, Spain, and the rest of Europe.

BYD co. Ltd., AB Volvo, MAN SE, Daimler AG, Irizar Corp., Ebusco Ltd., and COBUS Industries GmbH among others are the key market players operating in the European electric bus market. These key players of the electric bus market are actively involved in adopting several growth strategies such as partnership, geographical expansion, and new product launches to stay competitive in the European electric bus market. 

Research Methodology

The market study of the European Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Electric Bus Market Research and Analysis by Bus type 

2. European Electric Bus Market Research and Analysis by Battery Type

3. European Electric Bus Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Electric Bus market.
• Insights about market determinants which are stimulating the European Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.