United Kingdom electric bus market registered growth of
more than USD91 million in year 2019, and is expected to grow at a CAGR of around
48% during the forecast period on account of growing need for controlling GHG
(Greenhouse gases) emissions emitted by vehicles and growing government initiatives.
An electric bus is
powered by electricity and uses electric motors or traction motors for
propulsion. An electric bus can be powered either by electricity from off bus
sources or with a self-contained battery or a generator which converts fuel to
electricity.
The major factors responsible for the
rising sales of electric buses include improved miles on a single charge,
reduction in charging time, increasing number of charging stations across all
the regions, among others. Additionally, the development of integrated mobility
solutions and increasing public transport are further propelling growth in the
market. Furthermore, rising government support coupled with growing awareness
among population would steer growth in the market in the coming years.
The United Kingdom electric bus market
is segmented based on seating type, battery type, application, bus length, region
and company. Based on battery type, the market can be bifurcated
into lead acid and lithium ion, of which the latter is expected to grow at a
fast pace since it is safe and cost-effective. Based on bus length, the
market can be fragmented into 6-8m, 9-12m and above 12m. The 9-12m segment is
anticipated to dominate the market owing to the preference for medium and large
buses by the public transport authority.
The major player operating in UK
electric bus market are BYD/ADL, Volvo, Optare, Mellor Coachcraft, Pelican
Yutong Buses and others. Most of the companies are developing new products
along with new advanced technologies in order to strengthen their position in
electric bus market. Moreover, many companies are merging with other companies
as a part of strategy for good dealing and to cope with market competition.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
Study:
- To analyze and forecast the market size of United
Kingdom electric bus market.
- To classify and forecast United Kingdom
electric bus market based on seating capacity, battery type, application,
bus length, company and regional distribution.
- To identify drivers and challenges for United
Kingdom electric bus market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
Kingdom electric bus market.
- To conduct pricing analysis for United Kingdom
electric bus market.
- To identify and analyze the profile of leading
players operating in United Kingdom electric bus market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of electric bus manufacturers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the manufacturers, distribution channels
and presence of all major players across the country.
TechSci Research calculated the market size of United Kingdom electric bus market by using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Electric bus manufacturers
and suppliers
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to electric bus
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, United Kingdom electric
bus market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Market, By Seating Capacity:
- Up to 30-Seater
- 31-40-Seater
- Above 40
- Market, By Battery Type:
- Market, By Application:
o Intercity
o Intracity
o Airport
Bus
o 6-8m
o 9-12m
o Above
12m
o
Greater London
o
South East
o
North West
o
Others
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United Kingdom electric bus market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).