The Europe trolley bus market is forecast to expand by US$ 765.4 million in 2023, as per FMI’s analysis. The industry’s size is predicted to be worth US$ 999.1 million by 2033.
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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Competitive Trolley Bus
The key participants of Europe Trolley Bus Market include Construcciones y Auxiliar de Ferrocarriles, S.A., OJSC “Holding Managing Company “Belkommunmash”, SKODA Transportation a.s., Kiepe Electric GmbH, Carrosserie Hess AG, and Bohdan Motors JSC.
Trolley Bus Market By Category
By Bus:
- 12 M
- 18 M
By Application:
- Local Commute Transportation
- Amusement Parks
- Auxiliary Purpose
By Technology:
- Pure Electric
- Dual Powered (Electric + Battery)
Country:
- Russia
- Germany
- K.
- Italy
- Spain
- France
- Greece
- Nordic
- BENELUX
- Ukraine
- Romania
- Rest of Europe
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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.
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