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.  

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.

Some of the major companies which are contributing to the growth of the UK electric bus market include  BYD co. Ltd., AB Volvo, Zhengzhou Yutong Bus Co., Ltd., Woodall Nicholson Ltd., and Optare PLC, among others. The market players are considerably contributing to the market growth adopting various strategies including new product innovations, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Research Methodology

The market study of the UK Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Electric Bus Market Research and Analysis by Bus type 
2. UK Electric Bus Market Research and Analysis by Battery Type
3. UK Electric Bus Market Research and Analysis by End-User

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.