Europe Bus Market Size Worth $ 21,137.70 Million By 2032 | CAGR: 4.8%

The Europe Bus market size is expected to reach USD 21,137.70 million by 2032, according to a new study by Polaris Market Research. The report “Europe Bus Market Share, Size, Trends, Industry Analysis Report, By Length, By Fuel Type, By Seating Capacity, By Categorization (M2, M3), By Application, By Country, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The key factors driving the Europe bus market are increasing demand for efficient public transportation, rising urbanization and growing awareness for environmentally sustainable transportation solutions.

The bus industry is undergoing significant technological advancements by enhancing passenger comfort, safety, and operational efficiency. These innovations encompass improved seating arrangements, advanced infotainment systems, integrated connectivity options, driver assistance systems, and intelligent fleet management solutions. Technological progress is propelling the market by offering improved passenger experiences and optimizing operational efficiencies.

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Numerous European countries have collaborated with private enterprises, channelling substantial funds into the improvement of road transportation facilities. This reflects their dedication to enhancing infrastructure development and expanding road networks. Governments across Europe have made significant investments in the public transport sector. As part of the European Commission's 2021-2027 budget, they have proposed allocating over USD 30 billion for transport investment, with the aim of further enhancing the region's transportation sector.

Moreover, in line with the Paris Agreement, several countries in the region are increasingly committed to transitioning toward a low-carbon economy. Consequently, the demand for technologically advanced, low-emission buses in Europe is on the rise

Europe Bus Market Report Highlights

• 8-10 meters segment held the largest share and expected to grow at high CAGR. Buses with lengths ranging from 8 to 10 meters have been steadily growing in popularity in recent years. These mid-sized buses are highly versatile and efficient in navigating both urban and suburban environments. European cities, in particular, have seen a rising demand for these buses as they seek to modernize their public transportation systems while addressing environmental concerns.
• The diesel fuel type segment gold the largest market share in 2023. Diesel-powered buses have been a popular choice for transportation due to their fuel efficiency and robust performance. Such buses use conventional diesel engines that burn diesel fuel to generate power, drive the wheels, and provide necessary propulsion for various bus types.
• The market players include Daimler Truck Holding AG, Iveco Group N.V., AB Volvo, Scania AB, Renault Group, MAN Truck & Bus, Ebusco, TEMSA, Solaris Bus & Coach sp. z o.o. and BYD Company Limited.

Polaris Market Research has segmented the Europe Bus market report based on length, fuel type, seating capacity, categorization, application and country:

Europe Bus, Length Outlook (Revenue - USD Million, 2019 - 2032)

• Below 6m
• 6-8m
• 8-10m
• 10-12m
• Above 12m

Europe Bus, Fuel Type Outlook (Revenue - USD Million, 2019 - 2032)

• Diesel
• Electric
• Hybrid
• Alternative Fuel

Europe Bus, Seating Capacity Outlook (Revenue - USD Million, 2019 - 2032)

• Below 15
• 15 to 30
• 31-50
• Above 50

Europe Bus, Categorization Outlook (Revenue - USD Million, 2019 - 2032)

• M2
• M3

Europe Bus, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Transit Bus
• Intercity Bus/Motorcoaches
• School Bus
• Tourist Bus
• Staff Pickup/Hotel Shuttle
• Others

Europe Bus, Country Outlook (Revenue - USD Million, 2019 - 2032)

• Germany
• UK
• Italy
• Spain
• Netherlands
• Ireland
• Portugal
• Belgium
• RoE

Europe Bus Market Report Scope