DUBLIN, April 13, 2023 /PRNewswire/ — The “United Kingdom Electric Delivery Vans Market By Vehicle Type, By GVWR, By Propulsion, By Range, By Battery Capacity, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
United Kingdom electric delivery vans market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on account of increasing inclination toward electric vehicles.
Growing demand for less energy consumption and fuel-efficient vehicles will further drive the growth of the United Kingdom electric delivery vans market in the upcoming five years.
Moreover, increasing research and technological advancement in the automotive along with the growing inclination toward electrical energy over conventional fossil fuel consumptions, further support the growth of the United Kingdom electric delivery vans market in the next five years.
Growing Adaptations To Electric Vehicles Promises Market Growth
Rising awareness regarding environmental harm due to exhaustive, toxic gases from the burning of fossil fuels to charge the automotive play a major role in driving the growth of the United Kingdom electric delivery van market in the upcoming five years.
Due to the proven advantages, the government is also actively emphasizing on adoption of electric vehicles to support the electrification of the public transportation fleet and commercial vehicle fleet in the country.
Moreover, demands the light commercial vehicles have grown rapidly in recent times. Around 0.34 million units of light commercial vehicles were sold in 2021 in the United Kingdom. With the growing fleet of light commercial vehicles, excessive toxic gases will release, and to unwind the situation, electronic vehicles are a great opportunity.
Electric delivery vans are 100% eco-friendly and economical. Battery-powered vehicles are advantageous over traditional fossil fuel-combusting vehicles. Efficient and effective electrical energy conversion to power the vehicle is also cost-effective, and the compact sizing provides benefits, thereby aiding the growth of the United Kingdom electric delivery vans market in the next five years.
Expanding Food & Beverage Industry Supports Market Growth
The food & beverage industry is rapidly expanding, and the growing adaptions to online delivery services are further supporting the growth of the United Kingdom electric delivery vans market in the upcoming five years.
The rising e-commerce sector and then increasing demand for online food delivery services are further expected to support the growth of the United Kingdom electric delivery van market in the next five years. The online food delivery services market is expanding rapidly. In the year 2021, the market value of online food delivery reached over USD14.3 billion in the country. The market is further expanding due to rising demands from the young adult population.
Evolving lifestyles of the youth, busy schedules, and inclination to online delivery services mark as a major factors influencing the growth of the United Kingdom electric delivery van market in the future five years.
Multiple food delivery restaurants and online platforms running cloud kitchens have their own electric delivery van services, and some of the platforms use specifically designed online delivery services, further aiding the market growth.
Competitive Landscape
Detailed analysis of the major companies present in United Kingdom Electric delivery vans market.
- Ford Motor Company
- BYD Auto Co., Ltd.
- Mercedes-Benz AG
- Rivian Automotive, Inc.
- Workhorse Group Incorporated
- Arrival Ltd.
Report Scope:
United Kingdom Electric Delivery Vans Market, By Vehicle Type:
- Light Duty
- Medium Duty
- Heavy Duty
United Kingdom Electric Delivery Vans Market, By GVWR:
- Less than 5 ton
- 5-8 ton
- Above 8 ton
United Kingdom Electric Delivery Vans Market, By Propulsion:
- BEV
- HEV
- PHEV
United Kingdom Electric Delivery Vans Market, By Range:
- Less than 100 miles
- 100-150 miles
- Above 150 miles
United Kingdom Electric Delivery Vans Market, By Battery Capacity:
- Less than 50 kWh
- 50-100 kWh
- Above 100 kWh
United Kingdom Electric Delivery Vans Market, By Region:
- London
- East Anglia
- Southwest
- Southeast
- Scotland
- East Midlands
- Yorkshire & Humberside
For more information about this report visit https://www.researchandmarkets.com/r/wj36wl
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SOURCE Research and Markets
