Europe Bus Market to Grow with a CAGR of 4.40% through 2030
Rising investments in public transport infrastructure, growing
preference for low-emission mass transit options, and advancements in bus
connectivity and comfort features are the factors driving the market in the
forecast period 2026–2030.
According to TechSci Research report, “Europe Bus Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Europe Bus Market was valued at USD 5.12 Billion in 2024 and is expected to
reach USD 6.62 Billion by 2030 with a CAGR of 4.40% during the forecast period.
The Europe Bus Market is undergoing significant transformation, driven
by urbanization, environmental concerns, and advancements in transportation
technologies. With the increasing need for efficient and eco-friendly urban
mobility solutions, there is a strong demand for modern, energy-efficient
buses, particularly those powered by electricity and alternative fuels.
Municipalities and transportation authorities across Europe are increasingly
prioritizing the adoption of green public transport solutions to address air
quality issues and reduce carbon emissions, aligning with broader
sustainability goals. As a result, investments in zero-emission fleets are
gaining momentum, supported by various EU-level initiatives and national
policies aimed at achieving climate-neutral transport systems.
A key development in the market is the rapid transition towards
electrification, with electric buses becoming the preferred choice for both
city and intercity transportation. This shift is spurred by technological
advancements in battery systems, enabling longer ranges and faster charging
times. Electric buses also benefit from lower operating costs due to reduced
fuel consumption and maintenance needs compared to traditional diesel buses.
However, this shift requires significant infrastructure investment, particularly
in the expansion of charging networks and depot facilities, to ensure seamless
operation and avoid bottlenecks.
The demand for intelligent bus systems is also increasing, with a
growing focus on improving the rider experience and enhancing operational
efficiency. Smart buses equipped with advanced systems such as real-time
tracking, digital ticketing, and predictive maintenance are helping to
streamline operations and provide better services for passengers. These
innovations not only increase the convenience of public transport but also
support better fleet management and cost control for operators. Moreover, the
integration of artificial intelligence and data analytics is allowing operators
to optimize bus routes and schedules, improving energy efficiency and reducing
operational costs.
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Europe Bus Market Is Segmented by Application,
Length, Seating Capacity, Fuel Type, and By Country.
In 2024, the
fastest-growing fuel type in the European bus market is electric buses (BEVs).
This surge is primarily driven by the increasing demand for sustainable and
zero-emission transportation solutions, prompted by stricter environmental
regulations and urban air quality concerns. Many European cities are
introducing low-emission zones, pushing operators to adopt greener
technologies. The adoption of electric buses is being supported by significant
public investments and government incentives, making the transition to
zero-emission fleets more financially feasible. Additionally, improvements in
battery technology, such as enhanced range and faster charging times, have
further boosted the appeal of electric buses. As a result, more municipalities
are opting for electric buses to modernize their public transport systems and
align with Europe’s long-term climate goals. The electrification of fleets is
not just limited to city buses but is expanding into intercity routes,
demonstrating the growing versatility and efficiency of electric buses in
various applications.
Germany stands out as the
fastest-growing region in Europe for electric buses in 2024. This growth can be
attributed to several factors. The German government has committed to a
substantial reduction in carbon emissions, with ambitious plans to phase out
diesel buses by 2030. Cities such as Berlin and Munich are spearheading
electrification efforts, supported by national policies and EU funding. The
government’s incentives and subsidies for the purchase of electric buses are
further accelerating the transition. Furthermore, Germany’s strong industrial
base and technological expertise in the automotive sector have facilitated the
development of cutting-edge electric bus technologies, ensuring high
performance and reliability. The expanding charging infrastructure across the
country has also been a key enabler, addressing one of the critical barriers to
widespread electric bus adoption. These drivers, along with the growing
awareness of environmental sustainability, are creating a conducive environment
for the rapid expansion of electric buses in Germany, positioning the country
as a leader in the European electric bus market in 2024.
Major Market Players
Operating in Europe Bus Market Are:
- Toyota Motor Corporation
- Mercedes (Daimler AG)
- Isuzu Motors Ltd.
- Mitsubishi Fuso Truck and Bus Corporation
- Zhengzhou Yutong Bus Co. Ltd.
- Ashok Leyland Ltd.
- Tata Motors Ltd.
- Xiamen King Long United Automotive Industry Co.
Ltd.
- AB Volvo
- MAN Truck & Bus
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As we look at the Europe Bus market, it's clear
that the shift towards sustainability is driving a huge transformation. More
cities are adopting electric buses, not just because of government regulations,
but also because people are demanding cleaner, greener transportation. The
investment in electric infrastructure is growing, and it’s exciting to see how
quickly this market is evolving. The focus on improving bus fleets with new
technology is making public transport more efficient and accessible, and it’s
great to see the momentum building up across Europe, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
The report titled “Europe Bus Market – Size, Share,
Trends, Opportunity, and Forecast, Segmented By Application (Transit Buses,
Motor Coaches, School Buses, Others), By Length (Up to 8 m, 8 m to 10 m, 10 m –
12 m, Above 12 m), By Seating Capacity (Up to 30 seats, 31-50 seats, more than
50 seats), By Fuel Type (Diesel, Petrol, CNG, Electric), By Country, By
Competition, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe Bus Market.
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