Press Release

Technological Advancements to Drive Europe Bus Market to $ 8.8 Billion by 2024

Launch of luxury and comfortable buses coupled with government efforts to boost public transportation sector to fuel Europe bus market through 2024

According to TechSci Research report, Europe Bus Market By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2014-2024”, Europe bus market is projected to reach $ 8.8 billion by 2024 on account of rising technological advancements in automobile sector and increasing production of buses in Europe. Moreover, several initiatives have been taken by different countries in the European Union to support the expansion of region’s bus fleet and to address the growing concerns regarding rising pollution levels. Additionally, various smart city projects along with rising government focus on public transport sector is further anticipated to fuel Europe bus market over the next five years.

Browse 9 market data Tables and 66 Figures spread through 175 Pages and an in-depth TOC on "Europe Bus Market"

Inter-city and intra-city buses are popular in Europe, on account of strong demand for public transportation in the region. Among countries, Germany and United Kingdom are the leaders in Europe bus market owing to their extensive public transportation systems and growing adoption of buses among users. The same trend is likely to continue in the coming years as well, on account of increasing production and sales of buses in these countries. Some of the major companies operating in Europe bus market are Daimler, Iveco, MAN, Scania, Volvo, among others. Moreover, many companies are continuously working hard to intensify their business operation by expanding their product portfolio and by foraying into the electric bus segment owing to the high demand for vehicles running on cleaner fuels.

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“Owing to many ongoing research & development projects in pipeline to manufacture more efficient and technologically advanced buses which run on cleaner energy sources coupled with consistently increasing bus sales across the region, Europe bus market is anticipated to witness growth during forecast period. Moreover, growing adoption of public transportation and expansion of bus manufacturing divisions by OEMs is further expected to aid the growth of Europe bus market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Bus Market By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2014-2024 has analyzed the potential of bus market across Europe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by Europe bus market.

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