Growing concern towards ecological and environmental balance and rising fossil fuel price to drive demand for electric bus in United Kingdom by 2024
Industry Reports –> Automobile –> Electric Bus Market
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
Browse 24 market data Figures spread through 70 Pages and an in-depth TOC on “United
Kingdom Electric Bus Market”
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.
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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.
“United Kingdom Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of United Kingdom electric bus market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United Kingdom electric bus market.
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