By 2030, the Western Europe heavy ground transportation vehicles market will be worth $271.5 billion. This can be attributed to the area's fast urbanization, automotive technology advancements, and commercial activity growth. Additionally, new use cases are being developed due to the push toward electrification and the development of digital technologies.
Only 1% of new registrations in Europe in 2020 were for zero-emission heavy-duty vehicles (HDVs). 95% were battery-powered, and fuel-cell electric technologies were marginally present.
As a result, Europe's share of the worldwide HDV industry with no emissions in 2020 was a little under 3%. The adoption of zero-emission HDVs is anticipated to rise dramatically over the next ten years due to EU-wide laws on pollution reduction.
In addition, the population of Europe and the count of commercial and passenger vehicles in use are constantly increasing. The largest consumer marketplace in the EU, for instance, is Germany, which has a population of 83.2 million.
Governments support commercial fleet owners and public transportation agencies in utilizing BEBs, which are environmentally beneficial, due to their strong concern for the environment. France, the U.K., and Germany are responsible for more than 50% of all-electric buses in Western Europe.
The greatest revenue share in Western Europe was accounted for by France. With some of the most famous landmarks in the world, top-notch art and architecture, stunning scenery, and an incredible amount of history, the nation attracts tourists of all ages.
Thus, the expansion of the bus sector is due to travelers and daily commuters. To further promote the usage of electric mobility in the nation, the government also promotes the production of electric vehicles and the development of the necessary charging infrastructure.
The need for vehicles will grow as regional commerce activity expands. Trade necessitates effective methods for moving products, driving up the demand for trucks in Western Europe. Additionally, trade agreements between nearby nations have boosted demand.
Under this bilaterally balanced relationship, both nations trade products, and services via various modes of transportation, including trucks and trains, fostering the expansion of the regional industry.
Our market report provides a comprehensive analysis of the Western European heavy ground transportation vehicles market size, segmentation, major players
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