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Europe Minibus Market Trends

  • Report ID: GMI11362
  • Published Date: Sep 2024
  • Report Format: PDF

Europe Minibus Market Trends

The market is being driven by advancements in autonomous driving technology, which enhance safety and efficiency by reducing human errors and enabling precise navigation and scheduling. These innovations propel the appeal of minibuses, making them safer and more reliable for both operators and passengers. As transportation companies are driven to update their fleets to meet the growing demand for smart, efficient transportation, the adoption of minibuses equipped with these advanced technologies is expected to increase, further driving market growth.
 

For example, in March 2022, the H2Bus—a groundbreaking hydrogen-electric minibus—was officially launched in Europe, marking a significant milestone in the adoption of hydrogen fuel cell technology for public transport. Developed by Mobility & Innovation, the H2Bus is an eight-meter vehicle designed to drive the viability of hydrogen as a zero-emission solution for urban transit.
 

Additionally, the market is propelled by the growing urbanization that drives increased congestion and complex transportation needs in cities. As metropolitan areas expand, the demand for efficient and flexible public transportation solutions is driven upward. Minibuses, driven by their compact size and versatility, are particularly effective in meeting these challenges. They provide a practical solution for last-mile connectivity, seamlessly linking major transit hubs with residential and commercial areas and driving the overall efficiency of urban transportation networks.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market for minibus in Europe reached USD 515.7 million in 2023 and is set to register over 4.5% CAGR between 2024 and 2032, led by the need for personalized and on-demand services in smaller cities and towns.

The school segment is anticipated to register over 3% CAGR from 2024 to 2032, propelled by the need for essential safety features and compliance with stringent school transport regulations.

Germany market size was valued at over USD 72.3 million in 2023, driven by its leadership in the automotive sector.

Fiat Chrysler Automobiles, Ford Motor Company, Iveco S.p.A, MAN SE, Mercedes-Benz Group (Daimler AG), Opel Automobile GmbH, Peugeot S.A., Renault SA, Toyota Motor Corporation, Volkswagen AG, and Volvo Group.

Europe Minibus Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 12
  • Pages: 150
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