As per the latest report from Future Market Insights (FMI), the Europe Trolley Bus Market is projected to reach a valuation of US$ 999.1 million by the year 2033. The market is anticipated to grow at a moderate CAGR of 2.7% during the forecast period. By 2023, the market is expected to achieve a significant milestone, reaching US$ 765.4 million.
Growing initiatives in the development of sustainable urban public transport are beckoning the growth of the trolley bus industry in Europe. Governments in the region are collectively embracing electromobility, which is a potent tool, that helps mitigate the environmental impacts of transportation.
Research studies, moreover, on the trolley bus system are expected to support market growth. The recent development of in-motion charging (IMC), where buses run under wire possess enough battery to manage for a time being when off-wire. Consequently, backing the original path for electromobility extension in urban regions sans overhead lines.
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The deployment of the economic model has made it feasible to assess and specify the overall lifecycle costs of trolley buses. The intensive use of trolley buses makes them more cost-efficient than diesel buses. The future growth of trolley buses is contingent on their ability to travel without battery power.
Influencing the forecast scope of trolley buses is their ability to operate without a driver. Planning is going on to introduce driverless-operated trolley buses equipped with control guidance devices. Additionally, this electrical transport is predicted to favor public urban transport. This is especially so when the release of the rail system is not economically justified.
Top Highlights from the FMI’s Analysis of the Europe Trolley Bus Market:
- The dual-powered segment is projected to grow at a significant pace over the assessment period. The segment is expected to outshine pure electric technology in the upcoming years. Research and development for the former segment are expected to drive its technological growth.
- On the basis of application, local commute transportation is expected to generate significant growth opportunities. The growing adoption of greener passenger transport is anticipated to push market growth.
- Italy is expected to generate a massive revenue share in the region. In Italy, the availability of well-established public transport infrastructure is projected to push regional growth.
- France holds the potential for the trolley buses industry growth. Significant investments in trolley buses are expected to push the market growth. Additionally, new trolleybuses with 10% more capacity, are expected to be delivered by 2024.
- Ukraine, another European country, observes high demand for trolley buses. Currently, this disputed place inhabits the world’s extensive trolley bus. Enhancing public transit infrastructure in Ukraine is expected to positively influence passengers to opt for the trolley bus.
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Keeping Abreast with the Market Ongoings: Market News
- In March 2022, Solaris announced that it is going to deliver 15 trolley buses to Targu Jiu, Romania. This delivery came under the 7.5 million Euro deal.
- Solaris Bus & Coach is a unit of Spain’s CAF. In November 2020, the company announced the supply of 65 hybrid and electronic buses and trolley buses to 5 Romanian cities.
Key Players in the Market
- Construcciones y Auxiliar de Ferrocarriles, S.A.
- OJSC Holding Managing Company Belkommunmash
- ŠKODA Transportation a.s.
- Kiepe Electric GmbH
- Carrosserie Hess AG
- Bohdan Motors JSC
Trolley Bus Market by Category
By Bus Type:
- 12 M
- 18 M
By Application:
- Local Commute Transportation
- Amusement Parks
- Auxiliary Purpose
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By Technology:
- Pure Electric
- Dual Powered (Electric + Battery)
Country:
- Russia
- Germany
- United Kingdom
- Italy
- Spain
- France
- Greece
- Nordic
- BENELUX
- Ukraine
- Romania
- Rest of Europe
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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