France Electric Bus Market to Grow at Robust CAGR until 2024

Surging air pollution along with rising concerns towards depleting fossil fuels to drive France electric bus market through 2024

According to TechSci Research report, “France Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, France electric bus market is expected to grow at a robust rate during the forecast period owing to the growing environmental concerns. Additionally, promising government strategies and supportive regulations, mounting price of gasoline, increasing government plans for electrification of public transport and launch of new technologies are some of the other factors supporting the growth of France electric bus market. However, the prominence of natural gas fuelled buses is likely to hamper the growth of the country’s electric bus market in the coming years. Moreover, expensive attributes of electric buses and their capital intensive manufacturing would further pose a challenge to the industry players.

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France electric bus market is segmented based on seating type, battery type, application, bus length and region. Based on battery type, the market can be bifurcated into lead acid and lithium ion, of which the latter segment is expected to register the highest CAGR during forecast period since it provides longer range, higher lifetime, and very high efficiency. Additionally, lithium ion batteries are available in lower prices bands as well compared to other battery types. Alstom, BYD (France) Co., Ltd., Heuliez Bus, Power Vehicle Innovation, Bollore Bluebus, and SAFRA are some of the leading players operating in France electric bus market.

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“France is one of the largest markets in the European Union and is expected to create huge opportunities for the electric bus market. Additionally, the government has started giving the orders for all the new electric buses to the French manufacturers only, which is a signal that clean transportation is desirable but political considerations are also important when it comes to determining who gets the business.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“France Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of France electric bus market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in France electric bus market.

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