Exploring Europe Electric Bus Market Opportunity, Latest Trends, Demand, and Development By 2027- MarkNtel Advisors

 According to Markntel Advisors Report, Europe Electric Bus Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Electric Buses are vehicles that attain their propulsion & accessory systems by zero-emissions electricity sources like batteries, hydrogen fuel cells, & overhead wires, among others. These buses are also called e-buses and can recharge through regenerative braking systems, solar panels, off-board chargers, & storage battery banks, among others. Usually, these vehicles function by sending a signal to the powertrain system controller for high-voltage battery power & converting the stored chemical energy into electrical energy.

Europe Electric Bus Market Research Report & Summary:

The Europe Electric Bus Market is projected to grow at a CAGR of around 16.66% during the forecast period, i.e., 2022-27.   

Time Period Captured in the Report:

·         Historical Years: 2017-20

·         Base Years: 2021

·         Forecast Years: 2022-27

Who are the Key Players Operating in the Europe Electric Bus Market?

The top companies of the Europe Electric Bus Market ruling the industry are: 

Bridgestone, Sumitomo Tyre, Michelin, The Goodyear Tire & Rubber Manufacturing Company, Hankook Tire, Continental, Apollo TyresbLimited, Pirelli MRF Ltd., Others

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The Europe Electric Bus Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Propulsion Type

-Battery Electric Bus (BEV)

-Plug-in Hybrid Electric Bus (PHEV)

-Fuel Cell Electric Bus (FCEV)

-By Battery Type

-Lithium Ion

-Nickel-metal hydride battery

-Others (Lead-Acid Batteries, Ultracapacitors)

-By Application

-Intercity

-Intracity

-By End User

-Private

-Government

-By Length of Bus

-Less the 9M

-9-15M

-15-20M

-Above 20M

-By Battery Capacity

-100-200 kWh

-200-300 kWh

-Above 300 kWh

-By Range

-100-200 miles

-Above 200 miles

-By Country

-The UK

-Germany

-Italy

-France

-Spain

-Poland

-Sweden

-Belgium

-The Netherlands

-Rest of Europe

Full Report Link: https://www.marknteladvisors.com/research-library/europe-electric-bus-market.html

Recent Developments in the Europe Electric Bus Market

·         Recently, VDL Bus & Coach began the construction of a new, climate-neutral factory in Roeselare, Belgium, for manufacturing the first e-bus. The facility is designed to manufacture only electrically powered buses in a climate-neutral & efficient manner.

·         In June 2022, another company, Van Hool, launched a new category of zero-emission public buses, the A-Series, at the European Mobility Expo hosted in Paris. This A-series of zero-emission buses is set to feature a battery-electric & fuel cell (hydrogen) powertrain in four different lengths (12m, 13m, 18m, and 24m).

·         Moreover, BYD Auto Co. Ltd. China collaborated with Castrosua, a Spain-based bodywork design & assembly company, to manufacture customized 12-meter electric buses for urban & commuter use in Spain. The Chinese player would provide advanced chassis with an electric powertrain for building the e-bus, whereas the Spanish brand would utilize the NELEC body to provide high-caliber electric transport solutions to the users.

·         The European Parliament & Council in June 2019 brought an Under Clean Vehicle Directive target to boost the demand & deployment of low- & zero-emission vehicles. Here, Germany & several western European countries, where 45 % of buses purchased must be low emissions by 31 December 2025, and half of them (22.5%) must be zero emissions.

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