Press release
Europe Electric Bus Market 2021 Advancements and Precise Outlook- Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, MAN Truck & Bus SE, Volvo Buses, BYD Auto Co., Ltd
The Electric Bus Market report provides the overall structure and business outlook of the Europe and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Europe and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Europe Electric Bus Market with its specific geographical regions.The Europe Electric Bus Market is poised to register a CAGR of over 20.0% over the forecast period (2020 - 2025).
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Top Leading Companies of Europe Electric Bus Market are Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, MAN Truck & Bus SE, Volvo Buses, BYD Auto Co., Ltd., Otokar Otomotiv Ve Savunma Sanayi A.S
Market Overview
- Clean technologies in public transportation are more and more needed in the current scenario to cope with air pollution in urban areas. The demand for electric buses in Europe has augmented dramatically over the last decade.
- The factors which are driving the Electric Bus (EB) demand in Europe are stringent emission regulations, high dependence on conventional or non-renewable fuels, strong environmental ethics and the growing need to integrate renewables into a network. The penetration of charging infrastructure also plays an important role in market development.
- The electric bus market is growing significantly in Europe, however, there are few challenges in the market such as charging a large number of EBs is the potential impact on the grid and on the batteries, simultaneous charging of an EBs fleet could drive to a tremendous high power peak, oversizing of infrastructures, equipment and grid supply subscription could generate extra costs.
- Major European Electric Bus markets includes United Kingdom, Netherlands, France, Germany, and Poland stand as key electric bus markets. The U.K. and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of electric bus market in Europe, during the forecast period.
News and Latest Developments
The European electric bus market is growing and lead by a few major players such as Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, MAN Truck & Bus SE, Volvo Buses, etc. There are now some 800 electric-powered Solaris circulating in 72 cities, including Berlin (90), Milan (250), and Warsaw (130). 47% of the buses built by Solaris are powered by an alternative propulsion system.
In 2020, MAN, in cooperation with transport partners from five European countries, will have 15 MAN Lion City E-city buses tested in day-to-day operations. The first series-produced MAN Lion City buses will be delivered in the autumn of 2020.
VDL Bus&Coach is building a new, climate-neutral factory in Roeselare (Belgium), where the first buses will be built from the end of 2021 to the beginning of 2022. The industrial buildings will be designed in such a way that only electrically powered buses can be built in a climate-neutral and efficient manner.
KEY MARKET BENEFITS FOR STAKEHOLDERS
─The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
─This report provides an in-depth analysis of the Europe Electric Bus market to identify the potential investment pockets.
─It outlines the current trends and future scenarios to determine the Electric Bus market potential and gain stronger market foothold.
─Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
─Quantitative analysis of the Electric Bus industry from 2015 to 2025 is highlighted to recognize the financial competency of the market.
─Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
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