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United Kingdom Electric Bus Market Report 2019: UK Market Anticipated to Record a CAGR of 46% During 2020-2024 - ResearchAndMarkets.com

November 11, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 11, 2019--

The “United Kingdom Electric Bus Market, By Seating Capacity, By Battery Type (Lead Acid & Lithium Ion), By Application (Intercity; Intracity; & Airport Bus), By Bus Length, Competition, Forecast & Opportunities, 2024” report has been added to ResearchAndMarkets.com’s offering.

The United Kingdom Electric Bus Market is expected to grow at a CAGR of around 46% 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 the 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 the market competition.

Years Considered

Objective of the Study

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. United Kingdom Electric Bus Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Seating Capacity (Up to 30-Seater; 31-40-Seater; Above 40)

5.2.2. By Battery Type (Lead Acid and Lithium Ion)

5.2.3. By Application (Intercity; Intracity; Airport Bus)

5.2.4. By Bus Length (6-8m; 9-12m; Above 12m)

5.2.5. By Region

5.2.6. By Company (2018)

5.3. Market Attractiveness Index

5.4. Pricing Analysis

6. United Kingdom Electric Bus Above 40-Seater Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Battery Type

6.2.2. By Application

6.2.3. By Bus Length

6.3. Pricing Analysis

7. United Kingdom Electric Bus 31- 40-Seater Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Battery Type

7.2.2. By Application

7.2.3. By Bus Length

7.3. Pricing Analysis

8. United Kingdom Electric Bus Up to 30-Seater Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Battery Type

8.2.2. By Application

8.2.3. By Bus Length

8.3. Pricing Analysis

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends & Developments

11. Policy & Regulatory Landscape

12. United Kingdom Economic Profile

13. Competitive Landscape

13.1. Alexander Dennis Limited

13.2. VDL Bus & Coach

13.3. BYD/ADL

13.4. Mellor Coachcraft

13.5. Optare

13.6. Pelican Yutong

13.7. Volvo

13.8. Wrights

(Note: The companies list can be customized based on the client requirements)

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/oo2g18

View source version on businesswire.com:https://www.businesswire.com/news/home/20191111005233/en/

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PUB: 11/11/2019 05:20 AM/DISC: 11/11/2019 05:20 AM