Sweden Electric Bus Market (2024-2030) | Forecast, Analysis, Companies, Revenue, Growth, Industry, Trends, Value, Share, Size & Outlook

Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions (Norrland, Svealand & Gotaland) and Competitive Landscape.

Product Code: ETC000905 Publication Date: Jul 2024 Updated Date: Jul 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 4

Sweden Electric Bus Market Competition 2023

Sweden Electric Bus market currently, in 2023, has witnessed an HHI of 3466, Which has decreased moderately as compared to the HHI of 9694 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Sweden Electric Bus Market Competition 2023

Sweden Export Potential Assessment For Electric Bus Market (Values in USD Thousand)


topic

Sweden Electric Bus Market Highlights

Report Name Sweden Electric Bus Market 
Forecast period 2024-2030
CAGR 14.6%
Growing Sector Public sector

Topics Covered in the Sweden Electric Bus Market Report

The Sweden Electric Bus Market report thoroughly covers the market by Vehicle Types , By Charging Infrastructure , By End User , By Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would assist stakeholders to devise and align their market strategies according to the current and future market dynamics.

Sweden Electric Bus Market Synopsis

The Electric Bus Market in Sweden is expected to grow significantly due to high demand from both the public and private sectors for eco-friendly transport. Key drivers include advancements in electric vehicle technology, large investments in sustainable transport, and increasing urbanization. Additionally, government initiatives to enhance transport efficiency and sustainability are boosting the market. As a result, the demand for electric buses is rising across various regions in Sweden, contributing to the market's growth.

According to 6Wresearch, the Sweden Electric Bus Market size is expected to grow at a significant CAGR of 14.6% during the forecast period of 2024-2030. The Electric Bus Market in Sweden is growing rapidly due to increasing demand for reliable and eco-friendly transportation. Advanced electric vehicle technology is boosting this demand. Improvements in battery technology and charging infrastructure, along with the need for efficient, low-emission public transport, are key drivers of market growth.Government initiatives and campaigns promoting Electric Buses for their efficiency and sustainability are also helping the market expand.

Additionally, more Electric Buses are being used for public transport and private fleets, which further supports market growth in Sweden. Overall, the combination of technological advancements, government support, and rising environmental awareness is fueling the growth of the Electric Bus Market in Sweden. The growth of the electric bus market in Sweden faces several challenges. One major challenge is the need for continuous research and development to keep improving the technology. This requires significant investment, which can be a hurdle for many companies. Additionally, developing the necessary infrastructure, such as charging stations, quickly enough to meet demand is another big challenge. Despite these obstacles, advancements in the electric vehicle industry are helping to address these issues.

Sweden Electric Bus Industry Key Players

In Sweden, the electric bus industry features several key players driving innovation and adoption. Companies like Volvo Buses, known for their sustainable transport solutions, play a significant role. They offer a range of electric buses tailored to urban and intercity transport needs, integrating advanced battery technology for efficient operations. Another prominent player is Scania, focusing on sustainable mobility solutions with electric buses designed for both city and suburban routes. These companies are pivotal in Sweden's shift towards eco-friendly public transport, supported by government initiatives promoting clean energy and reducing emissions. Their efforts contribute to a greener future, emphasizing reliability, comfort, and environmental responsibility in urban transportation.

Electric Bus Market in Sweden Government Regulations

In Sweden, the government has been actively promoting the adoption of electric buses to reduce carbon emissions and combat climate change. Several regulatory measures have been implemented to support this transition. One of the key initiatives is financial incentives, such as subsidies and tax breaks, aimed at making electric buses more financially attractive for transit operators. These incentives help offset the higher initial costs of electric buses compared to conventional diesel ones. Moreover, Sweden has set ambitious targets for reducing greenhouse gas emissions from the transport sector, which includes public transportation like buses. This commitment has led to stringent emissions standards and regulations that favor cleaner technologies such as electric and hybrid buses. Municipalities and regional authorities also play a crucial role by integrating electric buses into their public transportation networks and providing infrastructure support like charging stations.

Future Insights of the Market

In Sweden, the electric bus market is poised for significant growth in the coming years. As the country continues to prioritize sustainability and reducing carbon emissions, electric buses offer a promising solution. Government initiatives and incentives are driving the adoption of electric buses, encouraging both public and private sectors to invest in cleaner transportation options.Key factors shaping the future of Sweden's electric bus market include advancements in battery technology, which are making electric buses more efficient and cost-effective over their lifetimes. This technological progress is crucial in overcoming initial cost barriers associated with electric buses. Moreover, public awareness and demand for environmentally friendly transportation are on the rise, pushing transit agencies and operators to expand their electric bus fleets. The reliability and performance of electric buses are also improving, boosting confidence among stakeholders.

Market Segmentation By Vehicle Types

According to Ravi Bhandari, Research Head, 6Wresearch, Battery Electric Bus (BEB) segment, growth is particularly robust due to several key factors driving its adoption. BEBs are gaining traction primarily because of their zero-emission capability, which aligns with global and national efforts to reduce air pollution and combat climate change.

Market Segmentation By Charging Infrastructure

Among the various charging infrastructure types for electric buses, the plug-only method is experiencing the fastest growth. This is primarily because plug-only infrastructure is more versatile and easier to deploy across existing bus routes and depots. Unlike ground contact, roof pantograph, or gantry pantograph systems, which often require more extensive infrastructure modifications and investments, plug-only chargers can be installed relatively quickly and at lower costs.

Market Segmentation By End Users

In Sweden, the public sector is experiencing faster growth in adopting electric buses compared to the private sector. This trend is primarily driven by several factors. The government policies and incentives heavily favor public transport electrification, providing subsidies, grants, and tax benefits to public transit agencies that invest in electric buses. These incentives significantly reduce the upfront costs associated with purchasing and operating electric buses, making them more financially attractive to public transport operators.

Market Segmentation By Regions

The Götaland region is experiencing the fastest growth in the electric bus market in Sweden. This can be attributed to several factors, including a higher population density and urbanization rate compared to Norrland and Svealand regions. With more people living in cities and relying on public transportation, there is a greater demand for efficient and sustainable options like electric buses. Moreover, Götaland is home to major cities such as Gothenburg and Malmö, which have implemented ambitious goals for reducing emissions from public transport.

Key Features of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Innovations and Projects.

Key Highlights of the Report:

  • Sweden Electric Bus Market Overview
  • Sweden Electric Bus Market Outlook
  • Sweden Electric Bus Market Forecast
  • Historical Data of Sweden Electric Buses Market Revenues for the Period 2020-2030
  • Sweden Electric Bus Market Size and Forecast of Revenues, Until 2030
  • Historical Data of Sweden Electric Bus Market Revenues, by Types, for the Period 2020-2030
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Types, until 2030
  • Historical Data of Sweden Electric Bus Market Revenues, by End Users, for the Period 2020-2030
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by End Users, until 2030
  • Historical Data of Sweden Electric Bus Market Revenues, by Charging Infrastructure, for the Period 2020-2030
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Charging Infrastructure, until 2030
  • Historical Data of Sweden Electric Bus Market Revenues, by Regions, for the Period 2020-2030
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Regions, until 2030
  • Market Drivers and Restraints
  • Sweden Electric Bus Market Trends
  • Market Opportunity Assessment
  • Sweden Electric Bus Market Share, By Regions
  • Sweden Electric Bus Market Share, By Players
  • Sweden Electric Bus Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The report offers a comprehensive study of the subsequent market segments

By Vehicle Types

  • Battery Electric Bus (BEB)
  • Plug-In Electric Bus (PHEB)
  • Hybrid Electric Bus (HEB)

By Charging Infrastructure

  • Ground Contact
  • Roof Pantograph
  • Gantry Pantograph
  • Plug Only
  • Induction

By End Users

  • Public
  • Private

By Regions

  • Norrland
  • Svealand
  • Gotaland
Sweden Electric Bus Market (2024-2030): FAQs
Key driving factors include increasing demand for efficient, resource-saving public transportation, advancements in electric vehicle technologies, and the influence of government initiatives and campaigns.
In Sweden, several key companies are actively involved in the electric bus market, contributing to its growth and development. Volvo Buses, a prominent player globally, is a significant contributor domestically, leveraging its expertise in electric vehicle technology and manufacturing to supply electric buses to various Swedish cities. Another major player is Scania, known for its innovative approach to sustainable transport solutions, including electric buses that cater to urban mobility needs.
In Sweden, government regulations pertinent to the electric bus market typically encompass standards and requirements related to product quality, safety, and environmental impact. These regulations are designed to ensure compliance with international standards, promote sustainable practices, and maintain operational safety across sectors such as public transit.
The market faces challenges like the need for continuous research and development, significant initial investment, and managing the charging infrastructure. However, these challenges are expected to be mitigated in the future with ongoing advancements in electric vehicle technology and increasing government regulations for public transportation efficiency and safety.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Sweden Electric Bus  Market Overview
3.1 Sweden Country Indicators
3.2 Sweden Electric Bus Market Revenues & Volume 2020-2030F
3.3 Sweden Electric Bus Market Revenue Share, By Vehicle Types, 2020 & 2030F
3.4 Sweden Electric Bus Market Revenue Share, By Charging Infrastructure, 2020 & 2030F
3.5 Sweden Electric Bus Market Revenue Share, By End User, 2020 & 2030F
3.6 Sweden Electric Bus Market Revenue Share, By Regions, 2020 & 2030F
3.7 Sweden Electric Bus Market - Industry Life Cycle
3.8 Sweden Electric Bus Market - Porter’s Five Forces
4. Sweden Electric Bus  Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Sweden Electric Bus  Market Trends
6. Sweden Electric Bus Market Overview, By Vehicle Types
6.1 Sweden Electric Bus Market Revenues & Volume, by Hybrid 2020-2030F
6.2 Sweden Electric Bus Market Revenues & Volume, by Battery 2020-2030F
6.3 Sweden Electric Bus Market Revenues & Volume, by Plug-in Hybrid 2020-2030F
7. Sweden Electric Bus Market Overview, By Charging Infrastructure
7.1 Sweden Electric Bus Market Revenues, By Ground Contact, 2020-2030F
7.2 Sweden Electric Bus Market Revenues, By Roof Pantograph , 2020-2030F
7.3 Sweden Electric Bus Market Revenues, By Gantry Pantograph, 2020-2030F
7.4 Sweden Electric Bus Market Revenues, By Plug Only , 2020-2030F
7.5 Sweden Electric Bus Market Revenues, By Induction, 2020-2030F
8. Sweden Electric Bus Market Overview, By End User
8.1 Sweden Electric Bus Market Revenues & Volume, By Public, 2020-2030F
8.2 Sweden Electric Bus Market Revenues & Volume, By Private, 2020-2030F
9. Sweden Electric Bus Market Overview, By Regions
9.1 Sweden Electric Bus Market Revenues, By Norrland Region, 2020-2030F
9.2 Sweden Electric Bus Market Revenues, By Svealand Region, 2020-2030F
9.3 Sweden Electric Bus Market Revenues, By Gotland Region, 2020-2030F
10. Sweden Electric Bus Market - Key Performance Indicators
11. Sweden Electric Bus Market - Opportunity Assessment
11.1 Sweden Electric Bus Market Opportunity Assessment, By Vehicle Types 2030F
11.2 Sweden Electric Bus Market Opportunity Assessment, By Infrastructure 2030F
11.3 Sweden Electric Bus Market Opportunity Assessment, By End User, 2030F
12. Sweden Electric Bus Market Competitive Landscape
12.1 Sweden Electric Bus Market Revenue Share, By Company, 2023
12.2 Sweden Electric Bus Market Competitive Benchmarking, By Operating & Technical Parameters
13. Company Profiles
14. Key Recommendations
15. Disclaimer
 

Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions (Norrland, Svealand & Götaland) and Competitive Landscape.

Product Code: ETC000905 Publication Date: Sep 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

The government’s aim to make Sweden emission free from greenhouse gases by 2045, has propelled the demand for Electric Buses market in Sweden. Sweden is one of the leading players in the sales of electric buses globally and is expected to grow further due to the presence of a well-established electric vehicles charging infrastructure.

According to 6Wresearch, Sweden Electric Bus Market size is anticipated to grow during the forecast period 2019-25. Sweden is expected to expand significantly in the electric bus market, due to rising governmental initiatives such as tax relief and purchase rebate of almost 20% on green vehicles and priority in public procurements of electric bus. Moreover, the Swedish Transport administration has announced the investment of $12.5 million in the project for developing special roads which would charge vehicles’ batteries as they drive over them.  Also, government has approved investment of USD 11 million annually during 2018-2020, to support hardware and installation cost of electric vehicles charging stations across the country, which would result in further surge in market demand for electric buses.

Plug in Hybrid Electric Bus accounted for a higher revenue share in Sweden electric bus market owing to the fact that they can be shifted to gasoline anytime in case of no charging station nearby. In context to infrastructure, Pantographs are more commonly used to charge electric buses as they require only 6-8 minutes to charge the vehicle.

The Sweden electric bus market report thoroughly covers the market by types such as battery electric bus (BEB), plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB), by charging infrastructure and by regions Norrland, Svealand and Götaland. The Sweden electric bus market outlook report provides an unbiased and detailed analysis of the on-going Sweden electric bus market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Sweden Electric Bus Market Overview
  • Sweden Electric Bus Market Outlook
  • Sweden Electric Bus Market Forecast
  • Historical Data of Sweden Electric Buses Market Revenues for the Period 2015-2018
  • Sweden Electric Bus Market Size and Forecast of Revenues, Until 2025
  • Historical Data of Sweden Electric Bus Market Revenues, by Types, for the Period 2015-2018
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Types, until 2025
  • Historical Data of Sweden Electric Bus Market Revenues, by End Users, for the Period 2015-2018
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by End Users, until 2025
  • Historical Data of Sweden Electric Bus Market Revenues, by Charging Infrastructure, for the Period 2015-2018
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Charging Infrastructure, until 2025
  • Historical Data of Sweden Electric Bus Market Revenues, by Regions, for the Period 2015-2018
  • Market Size & Forecast of Sweden Electric Bus Market Revenues, by Regions, until 2025
  • Market Drivers and Restraints
  • Sweden Electric Bus Market Trends
  • Market Opportunity Assessment
  • Sweden Electric Bus Market Share, By Regions
  • Sweden Electric Bus Market Share, By Players
  • Sweden Electric Bus Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Sweden Electric Bus market report provides a detailed analysis of the following market segments:

  • By Vehicle Types:
    • Battery Electric Bus (BEB)
    • Plug-In Electric Bus (PHEB)
    • Hybrid Electric Bus (HEB)
  • By Charging Infrastructure:
    • Ground Contact
    • Roof Pantograph
    • Gantry Pantograph
    • Plug Only
    • Induction
  • By End User:
    • Public
    • Private

  • By Regions:
    • Norrland
    • Svealand
    • Götaland

Other Key Reports Available:

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