The Europe trolley bus market is set for steady growth, with a projected size of US$ 999.1 million by 2033 and an estimated CAGR of 2.7% over the forecast period. In 2023, the market is expected to reach US$ 765.4 million. Several factors are driving this growth trajectory. Firstly, there is a surging demand for public transportation due to its eco-friendly and economical nature, leading to increased adoption of trolley buses. Moreover, regional governments are incentivizing citizens to embrace electric vehicles through regulations and initiatives, further bolstering market demand.
Additionally, the construction of advanced trolley bus systems that offer improved performance is anticipated to drive up demand for trolleybuses in the region. Lastly, factors such as soaring urbanization and a growing population are expected to further enhance the demand for public transportation, including trolley buses, as cities seek efficient and sustainable mobility solutions. These trends collectively indicate a promising outlook for the Europe trolley bus market, characterized by steady growth and increasing adoption of environmentally friendly transportation options.
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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.
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
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Trolley Bus Market by Category
By Bus Type:
- 12 M
- 18 M
By Application:
- Local Commute Transportation
- Amusement Parks
- Auxiliary Purpose
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.
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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