Global Market Research Company US United Kingdom Electric Bus Market Size, Share & F | Page 11

INDUSTRY BRIEF
According to TechSci Research report, “United Kingdom Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus
Length, Competition, Forecast & Opportunities, 2024” ”, UK electric bus market is anticipated to register growth during the forecast period,
followed by increasing interest for Electric buses due to the concern of growing pollution and bad environment condition, increase in charging
stations all over country .The most important factors responsible for the hike in sales of electric buses include improved miles on a single
charge, quick charge technology, developing number of charging stations across all the regions, among others. Additionally, the development of
integrated mobility solutions and growth in 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
UK electric bus market can be segmented on the basis of seating capacity, battery type, application, bus length and region. In terms of seating
capacity, the market can be segmented into upto 30 seats bus, 31 to 40 seats bus and above 40 seats bus. Of all, above 40 seats bus category
accounted for the largest market share in 2018 and the segment is expected to maintain its leading market position during the forecast period as
well.
BYD/ADL, Volvo, Optare, Mellor Coachcraft, Pelican Yutong Buses, among others are the leading players operating in UK electric bus market.
The companies operating in the market are using organic strategies such as product launch, mergers and collaborations to boost their share.
“United Kingdom is one of the largest and fastest growing markets in the European Union and is expected to create huge opportunities for the
electric bus market. Rising preference for electric buses among both passengers and drivers coupled with funding from the Department for
Transport to support the purchase of new electric and hydrogen models is further anticipated to fuel growth in the market during the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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