Europe Electric Bus Market Receives a Rapid Boost in Economy Due to High Emerging Demands by Forecast to 2028

According to Business Market Insights’ research, the Europe Electric Bus Market was valued at US$ 1,493.80 million in 2021 and is expected to reach US$ 5,882.93 million by 2028, registering an annual growth rate of 21.6% from 2021 to 2028. Stringent government emission regulations and increasing demand for hydrogen fuel bus are the critical factors attributed to the market expansion.

Download Sample PDF Copy: https://www.businessmarketinsights.com/sample/BMIRE00025540

The List of Companies 

  1. AB Volvo
  2. BYD Company Ltd
  3. CAF Group (Solaris Bus & Coach) 
  4. Daimler AG
  5. Ebusco
  6. King Long United Automotive Industry Co., Ltd
  7. NFI Group    
  8. Shenzhen Wuzhoulong Motors Co., Ltd
  9. Van Hool NV

Hydrogen fuel cell buses integrate electric powertrains with fuel cell systems, advanced control technology, and batteries, offering a sustainable and efficient transportation solution. These next-generation green buses have a significantly longer lifespan than conventional electric buses, making them a viable alternative for public transit. One of their key advantages is rapid refueling, along with versatile deployment options. As a result, the demand for hydrogen fuel cell buses is rising rapidly, with projections indicating the launch of over a thousand units in the coming years.

The adoption of hydrogen buses is set to expand substantially over the next decade, as their scalability outweighs the high initial procurement costs. For instance, the UK Business Secretary has announced a GBP 54 million investment across three initiatives in Cwmbran, Warwickshire, and Ballymena to develop the next generation of electric trucks and hydrogen-powered buses. These projects are expected to generate approximately 10,000 jobs and reduce carbon emissions by 45 million tons across the UK. Consequently, the growing demand for hydrogen-fueled buses is playing a crucial role in driving the electric bus market in the region.

With continuous advancements in technology and innovative features, manufacturers have the opportunity to attract new customers and expand their presence in emerging markets. This trend is expected to support the growth of the European electric bus market, which is projected to achieve a strong CAGR during the forecast period.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

Comments

Post a Comment

Popular posts from this blog

Graphite Market Opportunities, Challenges, Strategies and Forecasts by 2031

The   Graphite Market   size is expected to reach US$ 39,698.2 million by 2031 from US$ 17,718.40 million in 2024. The market is estimated to record a CAGR of 12.4% from 2025 to 2031. Key Players:  ES Europe GmbH Graphit Kropfmühl GmbH Pingdingshan Wanhui Graphite Co Ltd China Graphite Group Limited Leading Edge Materials Corp SGL Carbon SE Ceylon Graphite Corp Imerys SA Graphite Central Nanjing GRF Carbon Material Co Ltd. By Graphite Market By Type Natural Synthetic By Form Powder Flake Granules Electrode By Application Batteries Lubricants Refractories Friction Products Electrodes Global Graphite Market Growth Driven by Rising Demand in Key Industries The global graphite market is witnessing substantial growth, fueled by increasing demand across multiple industries, including batteries, steel production, electronics, and automotive. As a crucial material in lithium-ion batteries, graphite plays a vital role in the expanding electric vehicle (EV) sector, further driving ...
Read more

Permanent Magnet Market Size, Share, Segmentation, Analysis by Recent Trends, Development and Growth by 2031

The   Permanent Magnet Market   size is expected to reach US$ 47,309.65 million by 2031 from US$ 25,035.19 million in 2024. The market is estimated to record a CAGR of 10.0 % from 2025 to 2031. Segments Covered By Type Neodymium-Iron-Boron Ferrite Samarium Cobalt Alnico By Application Consumer Electronics Automotive Aerospace and Defense Medical Industrial Machinery Energy Executive Summary and Global Market Analysis The global permanent magnet market is experiencing rapid growth, driven by technological advancements, increasing demand for energy-efficient solutions, and the expanding electric vehicle (EV) sector. Permanent magnets are vital components across multiple industries, including automotive, electronics, energy, and manufacturing. These magnets are primarily composed of materials such as neodymium-iron-boron (NdFeB), samarium-cobalt (SmCo), and ferrite, each offering unique properties tailored for specific applications. A key factor propelling market growth is the su...
Read more

Europe Hair Color Market Analysis, Trends, Share, Development Policies, and Future Growth 2031

According to the latest market study on " Europe Hair Color Market   Forecast to 2031 – Regional Share, Trend, and Growth Opportunity Analysis – by Product Type, Form, Category, and Distribution Channel," the market was valued at US$ 4.82 billion in 2023 and is projected to reach US$ 7.71 billion by 2031; it is anticipated to record a CAGR of 6.1% from 2023 to 2031. The report highlights key factors contributing to the growing Europe hair color market size and prominent players, along with their developments in the market. Download Sample PDF Copy:  https://www.businessmarketinsights.com/sample/BMIRE00025964 The List of Companies  L'Oreal SA Henkel AG & Co KGaA Coty Inc Revlon Inc Kao Corp Wella Operations US LLC Davines S.p.A. Keune Haircosmetics. Beauty & Business s.p.a. H.S.A. Hair Styling Applications S.p.a Famasar Srl The European hair color market is a well-established and dynamic segment of the personal care industry, driven by strong consumer a...
Read more