IMARC Group, a leading market research company, has recently releases report titled “Europe Electric Bus Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Europe electric bus market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Europe Electric Bus Market?
The Europe electric bus market is expected to exhibit a growth rate (CAGR) of 16.4% during 2023-2028
What is Electric Bus?
An electric bus is equipped with electric propulsion systems that usually rely on batteries to drive their wheels. It is a reliable, cost-effective, and eco-friendly mode of transportation that does not emit any greenhouse gas (GHG) emissions and assists in maintaining sustainability in the environment. It is known for its quiet operation and provides a smoother and more comfortable riding experience for passengers. As it is energy-efficient and has lower operating costs as compared to traditional diesel or gasoline-powered buses, the demand for electric buses is rising in Europe.
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What are the growth prospects and trends in the Europe electric bus industry?
At present, the increasing preference for renewable energy sources to reduce environmental impact represents one of the major factors propelling the market growth in Europe. Additionally, the growing number of charging infrastructure facilities is offering a positive market outlook in the region.
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Besides this, the increasing development of high-capacity batteries with longer ranges and shorter charging times is contributing to the market growth in Europe. Moreover, governing agencies of the European Union are encouraging the adoption of cleaner transportation solutions by implementing stringent rules and regulations, which is bolstering the growth of the market.
Furthermore, the increasing adoption of electric buses to promote sustainability and reduce carbon footprint is impelling the growth of the market in Europe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup By Propulsion Type:
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Breakup By Battery Type:
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
- Others
Breakup By Length:
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
Breakup By Range:
- Less than 200 Miles
- More than 200 Miles
Breakup By Battery Capacity:
- Up to 400 kWh
- Above 400 kWh
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Who are the key players operating in the industry?
The report covers the major market players including:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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