Global Electric Commercial Vehicle Market 2020-2024

Global Electric Commercial Vehicle Market 2020-2024

Technavio has been monitoring the electric commercial vehicle market and it is poised to grow by 531.99 th units during 2020-2024 progressing at a CAGR of 25% during the forecast period. Our reports on the electric commercial vehicle 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, the latest trends and drivers, and the overall market environment. The market is driven by the growing focus on reducing vehicular emissions, increasing adoption of EVs for improved logistics and transportation, and favorable government initiatives.

The electric commercial vehicle market analysis includes product segment and geographic landscape.

Technavio's electric commercial vehicle market is segmented as below:

By Product

  • LCVs
  • Buses
  • Heavy and medium commercial vehicles
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the growing focus on strategies to develop advanced ECVs as one of the prime reasons driving the electric commercial vehicle market growth during the next few years. Also, technological advances in ECVs and the integration of telematics and autonomous technologies will lead to sizable demand in the market.

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. Our electric commercial vehicle market covers the following areas:
  • Electric commercial vehicle market sizing
  • Electric commercial vehicle market forecast
  • Electric commercial vehicle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric commercial vehicle market vendors that include AB Volvo, BYD Co. Ltd., Daimler AG, Ford Motor Co., Hyundai Motor Co., Navistar International Corp., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., and Toyota Motor Corp. Also, the electric commercial vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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.

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
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain: Automotive
      • Inputs
      • Inbound logistics
      • Automobile manufacturers
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 (thousand units)
      • Table Global ECV market 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 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
  • Market Segmentation by Product
    • Market segments
      • Table Product by volume - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • LCVs - Market size and forecast 2019-2024
      • Table LCVs - Market size and forecast 2019-2024 (thousand units)
      • Table LCVs- Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table LCVs - Year-over-year growth 2019-2024 (%)
    • Buses - Market size and forecast 2019-2024
      • Table Buses - Market size and forecast 2019-2024 (thousand units)
      • Table Buses- Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Buses - Year-over-year growth 2019-2024 (%)
    • Heavy and medium commercial vehicles - Market size and forecast 2019-2024
      • Table Heavy and medium commercial vehicles - Market size and forecast 2019-2024 (thousand units)
      • Table Heavy and medium commercial vehicles - Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact
      • Table Heavy and medium commercial vehicles - Year-over-year growth 2019-2024(%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • 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 ECV market in APAC 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table ECV market in North America 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table ECV market in Europe 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table ECV market in South America 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table ECV market in MEA 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Volume drivers - Demand led growth
      • Growing focus on reducing vehicular emissions
      • Increasing adoption of EVs for improved logistics and transportation
      • Favorable government initiatives
    • Market challenges
      • High costs associated with ECVs
        • Table Cost of electric commercial vehicles
      • Limitations associated with ECVs
      • Availability of alternatives
        • Table Impact of drivers and challenges
    • Market trends
      • Growing focus on strategies to develop advanced ECVs
      • Technological advances in ECVs
      • Integration of telematics and autonomous technologies
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • BYD Co. Ltd.
      • Table BYD Co. Ltd. - Overview
      • Table BYD Co. Ltd. - Business segments
      • Table BYD Co. Ltd. - Key news
      • Table BYD Co. Ltd. - Key offerings
      • Table BYD Co. Ltd. - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • Navistar International Corp.
      • Table Navistar International Corp. - Overview
      • Table Navistar International Corp. - Business segments
      • Table Navistar International Corp. - Key news
      • Table Navistar International Corp. - Key offerings
      • Table Navistar International Corp. - Segment focus
    • Nissan Motor Co. Ltd.
      • Table Nissan Motor Co. Ltd. - Overview
      • Table Nissan Motor Co. Ltd. - Business segments
      • Table Nissan Motor Co. Ltd. - Key news
      • Table Nissan Motor Co. Ltd. - Key offerings
      • Table Nissan Motor Co. Ltd. - Segment focus
    • Tata Motors Ltd.
      • Table Tata Motors Ltd. - Overview
      • Table Tata Motors Ltd. - Business segments
      • Table Tata Motors Ltd. - Key news
      • Table Tata Motors Ltd. - Key offerings
      • Table Tata Motors Ltd. - Segment focus
    • Tesla Inc.
      • Table Tesla Inc. - Overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Key news
      • Table Tesla Inc. - Key offerings
      • Table Tesla Inc. - Segment focus
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key offerings
      • Table Toyota Motor Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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