Electric Trucks Market by Vehicle Type and Geography - Forecast and Analysis 2020-2024

Global Electric Trucks Market 2020-2024

Technavio has been monitoring the global electric trucks market and it is poised to grow by 429.53 thousand units during 2020-2024, progressing at a CAGR of 28% during the forecast period. Our reports on electric trucks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by Presence of government initiatives and availability of subsidies. In addition, development of power recovery options in electric trucks is anticipated to boost the growth of the electric trucks market as well.

Market Segmentation

Technavio’s global electric trucks market is segmented as below:

Vehicle Type

  • Hybrid Electric Trucks
  • Battery Electric Trucks
Geographic segmentation
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for electric trucks market growth

This study identifies development of power recovery options in electric trucks as the prime reasons driving the electric trucks market growth during the next few years.

Prominent vendors in electric trucks market

We provide a detailed analysis of around 25 vendors operating in the electric trucks market, including some of the vendors such as AB Volvo, BYD Co. Ltd., Daimler AG, Dongfeng Motor Co., Hino Motors Ltd., Navistar International Corp., Nikola Corp., Renault SA, Tesla Inc. and Volkswagen AG.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive market
      • Table Segments of global automotive market
    • Value chain analysis
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 (thousand units)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand units)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by vehicle type
    • Market segmentation by vehicle type
      • Table Vehicle type - Market share 2019-2024 (%)
    • Comparison by vehicle type
      • Table Comparison by vehicle type
    • Hybrid electric trucks - Market size and forecast 2019-2024
      • Table Hybrid electric trucks - Market size and forecast 2019-2024 (thousand units)
      • Table Hybrid electric trucks - Year-over-year growth 2020-2024 (%)
    • Battery electric trucks - Market size and forecast 2019-2024
      • Table Battery electric trucks - Market size and forecast 2019-2024 (thousand units)
      • Table Battery electric trucks - Year-over-year growth 2020-2024 (%)
    • Market opportunity by vehicle type
      • Table Market opportunity by vehicle type
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Overview of Incentives and subsidies
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Prominent truck manufacturers venturing into electric trucks market
    • Adoption of autonomous technologies in electric trucks
    • Development of power recovery options in electric trucks
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB Volvo
      • Table AB Volvo - Vendor overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Organizational developments
      • Table AB Volvo - Geographic focus
      • Table AB Volvo - Segment focus
      • Table AB Volvo - Key offerings
    • BYD Co. Ltd.
      • Table BYD Co. Ltd. - Vendor overview
      • Table BYD Co. Ltd. - Business segments
      • Table BYD Co. Ltd. - Organizational developments
      • Table BYD Co. Ltd. - Geographic focus
      • Table BYD Co. Ltd. - Segment focus
      • Table BYD Co. Ltd. - Key offerings
    • Daimler AG
      • Table Daimler AG - Vendor overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Organizational developments
      • Table Daimler AG - Geographic focus
      • Table Daimler AG - Segment focus
      • Table Daimler AG - Key offerings
    • Dongfeng Motor Co.
      • Table Dongfeng Motor Co. - Vendor overview
      • Table Dongfeng Motor Co. - Business segments
      • Table Dongfeng Motor Co. - Organizational developments
      • Table Dongfeng Motor Co. - Segment focus
      • Table Dongfeng Motor Co. - Key offerings
    • Hino Motors Ltd.
      • Table Hino Motors Ltd. - Vendor overview
      • Table Hino Motors Ltd. - Organizational developments
      • Table Hino Motors Ltd. - Geographic focus
      • Table Hino Motors Ltd. - Key offerings
    • Navistar International Corp.
      • Table Navistar International Corp. - Vendor overview
      • Table Navistar International Corp. - Business segments
      • Table Navistar International Corp. - Organizational developments
      • Table Navistar International Corp. - Geographic focus
      • Table Navistar International Corp. - Segment focus
      • Table Navistar International Corp. - Key offerings
    • Nikola Corp.
      • Table Nikola Corp. - Vendor overview
      • Table Nikola Corp. - Product segments
      • Table Nikola Corp. - Organizational developments
      • Table Nikola Corp. - Key offerings
    • Renault SA
      • Table Renault SA - Vendor overview
      • Table Renault SA - Business segments
      • Table Renault SA - Organizational developments
      • Table Renault SA - Geographic focus
      • Table Renault SA - Segment focus
      • Table Renault SA - Key offerings
    • Tesla Inc.
      • Table Tesla Inc. - Vendor overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Organizational developments
      • Table Tesla Inc. - Geographic focus
      • Table Tesla Inc. - Segment focus
      • Table Tesla Inc. - Key offerings
    • Volkswagen AG
      • Table Volkswagen AG - Vendor overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Organizational developments
      • Table Volkswagen AG - Geographic focus
      • Table Volkswagen AG - Segment focus
      • Table Volkswagen AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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