Europe Electric Bus Market Size & Outlook, 2024-2030
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Europe electric bus market highlights
- The Europe electric bus market generated a revenue of USD 3,183.1 million in 2024.
- The market is expected to grow at a CAGR of 14.3% from 2025 to 2030.
- In terms of segment, bev was the largest revenue generating vehicle type in 2024.
- FCEV is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 3,183.1 million |
| Market revenue in 2030 | USD 7,090.4 million |
| Growth rate | 14.3% (CAGR from 2025 to 2030) |
| Largest segment | Bev |
| Fastest growing segment | FCEV |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BEV, PHEV, FCEV |
Other key industry trends
- In terms of revenue, Europe region accounted for 5.7% of the global electric bus market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,706.3 million by 2030.
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Electric Bus Market Scope
Electric Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MAN Truck & Bus | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.mantruckandbus.com |
| Proterra | View profile | 1001-5000 | Burlingame, California, United States, North America | http://www.proterra.com |
| Ashok Leyland | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | http://www.ashokleyland.com |
| Tata Motors | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatamotors.com |
| Zhengzhou Yalong Putex Composite Materials Co. | View profile | 11-50 | Zhengzhou, Henan, China, Asia | https://www.ylfrp.com |
| Daimler Truck Holding AG ADR | View profile | 104213 | Fasanenweg 10, Leinfelden-Echterdingen, BW, Germany, 70771 | https://www.daimlertruck.com |
| Nissan Motor Co Ltd | View profile | 147116 | 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, Japan, 220-8686 | http://www.nissan-global.com |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| BYD Co Ltd ADR | View profile | 703504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | https://www.byd.com |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
Europe electric bus market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric bus market will help companies and investors design strategic landscapes.
Bev was the largest segment with a revenue share of 65.08% in 2024. Horizon Databook has segmented the Europe electric bus market based on bev, phev, fcev covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electric bus market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric bus market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electric bus market size, by country, 2018-2030 (US$M)
Europe Electric Bus Market Outlook Share, 2024 & 2030 (US$M)
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