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Electric Truck Market

Publisher Coherent Market Insights
Published Jul 12, 2023
Length 155 Pages
SKU # CMI18107628

Description

Electric Truck Market, By Propulsion (Battery electric vehicle, Hybrid electric vehicle, Plug-in hybrid electric vehicle, and Fuel cell electric vehicle), By Vehicle Type (Light-duty electric truck, Medium-duty electric truck, and Heavy-duty electric truck), By Range (0-150 miles, 151-300 miles, and 300 miles above), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


Electric trucks can be used in various applications and are more efficient than trucks with combustion engines. In fact, they only consume 64-75% of the energy that combustion engines use when driving and idling. This is great news for companies looking to decrease operating costs and reduce emissions. The adoption of electric trucks is happening quickly. In fact, many truck manufacturers now offer electric versions of their vehicles and fleet owners are experimenting with using them in the short and long-haul. This includes large freight haulers and warehouses as well as trucking start-ups and private equity firms. There is also a growing community of e-truck providers that is providing the charging infrastructure to support this movement.

Market Dynamics:

Governments around the world are implementing progressive policies and incentivizing initiatives to encourage EV adoption. This is anticipated to propel the market growth in the coming years. In addition, stringent emission norms imposed on fossil fuel powered commercial vehicles are driving manufacturers to switch over to electric trucks.

However, lack of charging infrastructure is expected to hinder the market growth. Nonetheless, rapid advancement in electric vehicle battery technology and rising demand for electric trucks from the logistics sector are anticipated to offer significant opportunities for players in the global electric truck market.

Key features of the study:
  • This report provides in-depth analysis of the global electric truck market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global electric truck market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include AB Volvo, Workhorse, BYD Company Ltd., Tesla, Daimler AG, Scania AB, Tata Motors, Rivian, Dongfeng Motor Group Co., Ltd., Man SE.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global electric truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric truck market
Detailed Segmentation:
  • Global Electric Truck Market, By Propulsion
  • Battery electric vehicle
  • Hybrid electric vehicle
  • Plug-in hybrid electric vehicle
  • Fuel cell electric vehicle
  • Global Electric Truck Market, By Vehicle type
  • Light-duty electric truck
  • Medium-duty electric truck
  • Heavy-duty electric truck
  • Global Electric Truck Market, By Range
  • 0-150 miles
  • 151-300 miles
  • 300 miles above
  • Global Electric Truck Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Company Profile:
  • AB Volvo
  • Byd Company Ltd
  • Daimler AG
  • Tata Motors
  • Dongfeng Motor Group Co., Ltd.
  • Man SE
  • Rivian
  • Scania AB
  • Tesla
  • Workhorse

Table of Contents

155 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Propulsion
Market Snapshot, By Vehicle type
Market Snapshot, By Range
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rise in government initiatives promoting e-mobility
Stringent regulations around emissions from fossil-fuel powered vehicles
Restraints
Lack of charging infrastructures
High cost of electric trucks
Opportunities
Growing demand from logistics sector
Increasing technological advancements in batteries
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Electric Truck Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Electric Truck Market , By Propulsion, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Battery electric vehicle
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Hybrid electric vehicle
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Plug-in hybrid electric vehicle
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Fuel cell electric vehicle
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Electric Truck Market , By Vehicle type, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Light-duty electric truck
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Medium-duty electric truck
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Heavy-duty electric truck
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
7. Global Electric Truck Market , By Range, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
0-150 miles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
151-300 miles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
300 miles above
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
8. Global Electric Truck Market , By Region, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Propulsion, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Range, 2023-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Propulsion, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Range, 2023-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Propulsion, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Range, 2023-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Propulsion, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Range, 2023-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Propulsion, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Range, 2023-2030,(US$ Bn)
9. Competitive Landscape
AB Volvo
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BYD Company Ltd
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Daimler AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Tata Motors
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Dongfeng Motor Group Co., Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Man SE
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Rivian
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Scania AB
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Tesla
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Workhorse
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
10. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Global Electric Truck Market” - Global forecast to 2030

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