UK Electric Bus market is estimated to grow at a considerable CAGR during the forecast period. The increasing adoption of electric vehicles in the country owing to the growing need for controlling GHG (Greenhouse gases) emissions is a major factor to propel the market growth in the country. The availability of government and private funding for electric buses in the country is further anticipated to promote UK electric bus market. The UK government has a plan to introduce 105 double-decker electric buses between 2019 and 2020 with an investment of $72 million. The presence of cohesive government schemes such as all-electric bus-town is further supporting the growth of the electric bus market in the country.
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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on end-user, the market is sub-segmented into government and fleet owners. The government is anticipated to hold a considerable market share based on end-user owing to high involvement in the purchasing of electric buses in the country.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
UK Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Lithium-Ion
- NHM
- Others
By End-User
- Government
- Fleet Owner
The Report Covers
- Comprehensive research methodology of the UK Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK Electric Bus market.
- Insights about market determinants which are stimulating the UK Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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