Global Heavy-duty Truck Electrification Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Heavy-duty Truck Electrification Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

According to APO Research, The global Heavy-duty Truck Electrification market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Heavy-duty Truck Electrification is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Heavy-duty Truck Electrification is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Heavy-duty Truck Electrification is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Heavy-duty Truck Electrification include Daimler, DAF, Volvo, MAN, Freightliner Trucks, XCMG, Mercedes-Benz, CNHTC and Dayun Auto, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope


This report aims to provide a comprehensive presentation of the global market for Heavy-duty Truck Electrification, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heavy-duty Truck Electrification.
The Heavy-duty Truck Electrification market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Heavy-duty Truck Electrification market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights


In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Daimler
DAF
Volvo
MAN
Freightliner Trucks
XCMG
Mercedes-Benz
CNHTC
Dayun Auto
ISUZU
SHACMAN
Hanma Technology Group
Yutong Bus
Dongfeng Automobile
BEIBEN Trucks Group
BYD
Tesla
Heavy-duty Truck Electrification segment by Type

Dump Trucks Electrification
Tractors Electrification
Others
Heavy-duty Truck Electrification segment by Application

Urban Transport
Mine Transportation
Port Ttransportation
Factory Transport
Others
Heavy-duty Truck Electrification Segment by Region

North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers


High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heavy-duty Truck Electrification market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Heavy-duty Truck Electrification and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heavy-duty Truck Electrification.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Heavy-duty Truck Electrification manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Heavy-duty Truck Electrification in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Heavy-duty Truck Electrification Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Heavy-duty Truck Electrification Sales Estimates and Forecasts (2019-2030)
1.3 Heavy-duty Truck Electrification Market by Type
1.3.1 Dump Trucks Electrification
1.3.2 Tractors Electrification
1.3.3 Others
1.4 Global Heavy-duty Truck Electrification Market Size by Type
1.4.1 Global Heavy-duty Truck Electrification Market Size Overview by Type (2019-2030)
1.4.2 Global Heavy-duty Truck Electrification Historic Market Size Review by Type (2019-2024)
1.4.3 Global Heavy-duty Truck Electrification Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Heavy-duty Truck Electrification Sales Breakdown by Type (2019-2024)
1.5.2 Europe Heavy-duty Truck Electrification Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Heavy-duty Truck Electrification Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Heavy-duty Truck Electrification Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Heavy-duty Truck Electrification Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Heavy-duty Truck Electrification Industry Trends
2.2 Heavy-duty Truck Electrification Industry Drivers
2.3 Heavy-duty Truck Electrification Industry Opportunities and Challenges
2.4 Heavy-duty Truck Electrification Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Heavy-duty Truck Electrification Revenue (2019-2024)
3.2 Global Top Players by Heavy-duty Truck Electrification Sales (2019-2024)
3.3 Global Top Players by Heavy-duty Truck Electrification Price (2019-2024)
3.4 Global Heavy-duty Truck Electrification Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Heavy-duty Truck Electrification Key Company Manufacturing Sites & Headquarters
3.6 Global Heavy-duty Truck Electrification Company, Product Type & Application
3.7 Global Heavy-duty Truck Electrification Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Heavy-duty Truck Electrification Market CR5 and HHI
3.8.2 Global Top 5 and 10 Heavy-duty Truck Electrification Players Market Share by Revenue in 2023
3.8.3 2023 Heavy-duty Truck Electrification Tier 1, Tier 2, and Tier 3
4 Heavy-duty Truck Electrification Regional Status and Outlook
4.1 Global Heavy-duty Truck Electrification Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Heavy-duty Truck Electrification Historic Market Size by Region
4.2.1 Global Heavy-duty Truck Electrification Sales in Volume by Region (2019-2024)
4.2.2 Global Heavy-duty Truck Electrification Sales in Value by Region (2019-2024)
4.2.3 Global Heavy-duty Truck Electrification Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Heavy-duty Truck Electrification Forecasted Market Size by Region
4.3.1 Global Heavy-duty Truck Electrification Sales in Volume by Region (2025-2030)
4.3.2 Global Heavy-duty Truck Electrification Sales in Value by Region (2025-2030)
4.3.3 Global Heavy-duty Truck Electrification Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Heavy-duty Truck Electrification by Application
5.1 Heavy-duty Truck Electrification Market by Application
5.1.1 Urban Transport
5.1.2 Mine Transportation
5.1.3 Port Ttransportation
5.1.4 Factory Transport
5.1.5 Others
5.2 Global Heavy-duty Truck Electrification Market Size by Application
5.2.1 Global Heavy-duty Truck Electrification Market Size Overview by Application (2019-2030)
5.2.2 Global Heavy-duty Truck Electrification Historic Market Size Review by Application (2019-2024)
5.2.3 Global Heavy-duty Truck Electrification Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Heavy-duty Truck Electrification Sales Breakdown by Application (2019-2024)
5.3.2 Europe Heavy-duty Truck Electrification Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Heavy-duty Truck Electrification Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Heavy-duty Truck Electrification Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Heavy-duty Truck Electrification Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Daimler
6.1.1 Daimler Comapny Information
6.1.2 Daimler Business Overview
6.1.3 Daimler Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Daimler Heavy-duty Truck Electrification Product Portfolio
6.1.5 Daimler Recent Developments
6.2 DAF
6.2.1 DAF Comapny Information
6.2.2 DAF Business Overview
6.2.3 DAF Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.2.4 DAF Heavy-duty Truck Electrification Product Portfolio
6.2.5 DAF Recent Developments
6.3 Volvo
6.3.1 Volvo Comapny Information
6.3.2 Volvo Business Overview
6.3.3 Volvo Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Volvo Heavy-duty Truck Electrification Product Portfolio
6.3.5 Volvo Recent Developments
6.4 MAN
6.4.1 MAN Comapny Information
6.4.2 MAN Business Overview
6.4.3 MAN Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.4.4 MAN Heavy-duty Truck Electrification Product Portfolio
6.4.5 MAN Recent Developments
6.5 Freightliner Trucks
6.5.1 Freightliner Trucks Comapny Information
6.5.2 Freightliner Trucks Business Overview
6.5.3 Freightliner Trucks Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Freightliner Trucks Heavy-duty Truck Electrification Product Portfolio
6.5.5 Freightliner Trucks Recent Developments
6.6 XCMG
6.6.1 XCMG Comapny Information
6.6.2 XCMG Business Overview
6.6.3 XCMG Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.6.4 XCMG Heavy-duty Truck Electrification Product Portfolio
6.6.5 XCMG Recent Developments
6.7 Mercedes-Benz
6.7.1 Mercedes-Benz Comapny Information
6.7.2 Mercedes-Benz Business Overview
6.7.3 Mercedes-Benz Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Mercedes-Benz Heavy-duty Truck Electrification Product Portfolio
6.7.5 Mercedes-Benz Recent Developments
6.8 CNHTC
6.8.1 CNHTC Comapny Information
6.8.2 CNHTC Business Overview
6.8.3 CNHTC Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.8.4 CNHTC Heavy-duty Truck Electrification Product Portfolio
6.8.5 CNHTC Recent Developments
6.9 Dayun Auto
6.9.1 Dayun Auto Comapny Information
6.9.2 Dayun Auto Business Overview
6.9.3 Dayun Auto Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Dayun Auto Heavy-duty Truck Electrification Product Portfolio
6.9.5 Dayun Auto Recent Developments
6.10 ISUZU
6.10.1 ISUZU Comapny Information
6.10.2 ISUZU Business Overview
6.10.3 ISUZU Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.10.4 ISUZU Heavy-duty Truck Electrification Product Portfolio
6.10.5 ISUZU Recent Developments
6.11 SHACMAN
6.11.1 SHACMAN Comapny Information
6.11.2 SHACMAN Business Overview
6.11.3 SHACMAN Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.11.4 SHACMAN Heavy-duty Truck Electrification Product Portfolio
6.11.5 SHACMAN Recent Developments
6.12 Hanma Technology Group
6.12.1 Hanma Technology Group Comapny Information
6.12.2 Hanma Technology Group Business Overview
6.12.3 Hanma Technology Group Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Hanma Technology Group Heavy-duty Truck Electrification Product Portfolio
6.12.5 Hanma Technology Group Recent Developments
6.13 Yutong Bus
6.13.1 Yutong Bus Comapny Information
6.13.2 Yutong Bus Business Overview
6.13.3 Yutong Bus Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Yutong Bus Heavy-duty Truck Electrification Product Portfolio
6.13.5 Yutong Bus Recent Developments
6.14 Dongfeng Automobile
6.14.1 Dongfeng Automobile Comapny Information
6.14.2 Dongfeng Automobile Business Overview
6.14.3 Dongfeng Automobile Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Dongfeng Automobile Heavy-duty Truck Electrification Product Portfolio
6.14.5 Dongfeng Automobile Recent Developments
6.15 BEIBEN Trucks Group
6.15.1 BEIBEN Trucks Group Comapny Information
6.15.2 BEIBEN Trucks Group Business Overview
6.15.3 BEIBEN Trucks Group Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.15.4 BEIBEN Trucks Group Heavy-duty Truck Electrification Product Portfolio
6.15.5 BEIBEN Trucks Group Recent Developments
6.16 BYD
6.16.1 BYD Comapny Information
6.16.2 BYD Business Overview
6.16.3 BYD Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.16.4 BYD Heavy-duty Truck Electrification Product Portfolio
6.16.5 BYD Recent Developments
6.17 Tesla
6.17.1 Tesla Comapny Information
6.17.2 Tesla Business Overview
6.17.3 Tesla Heavy-duty Truck Electrification Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Tesla Heavy-duty Truck Electrification Product Portfolio
6.17.5 Tesla Recent Developments
7 North America by Country
7.1 North America Heavy-duty Truck Electrification Sales by Country
7.1.1 North America Heavy-duty Truck Electrification Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Heavy-duty Truck Electrification Sales by Country (2019-2024)
7.1.3 North America Heavy-duty Truck Electrification Sales Forecast by Country (2025-2030)
7.2 North America Heavy-duty Truck Electrification Market Size by Country
7.2.1 North America Heavy-duty Truck Electrification Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Heavy-duty Truck Electrification Market Size by Country (2019-2024)
7.2.3 North America Heavy-duty Truck Electrification Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Heavy-duty Truck Electrification Sales by Country
8.1.1 Europe Heavy-duty Truck Electrification Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Heavy-duty Truck Electrification Sales by Country (2019-2024)
8.1.3 Europe Heavy-duty Truck Electrification Sales Forecast by Country (2025-2030)
8.2 Europe Heavy-duty Truck Electrification Market Size by Country
8.2.1 Europe Heavy-duty Truck Electrification Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Heavy-duty Truck Electrification Market Size by Country (2019-2024)
8.2.3 Europe Heavy-duty Truck Electrification Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Heavy-duty Truck Electrification Sales by Country
9.1.1 Asia-Pacific Heavy-duty Truck Electrification Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Heavy-duty Truck Electrification Sales by Country (2019-2024)
9.1.3 Asia-Pacific Heavy-duty Truck Electrification Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Heavy-duty Truck Electrification Market Size by Country
9.2.1 Asia-Pacific Heavy-duty Truck Electrification Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Heavy-duty Truck Electrification Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Heavy-duty Truck Electrification Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Heavy-duty Truck Electrification Sales by Country
10.1.1 Latin America Heavy-duty Truck Electrification Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Heavy-duty Truck Electrification Sales by Country (2019-2024)
10.1.3 Latin America Heavy-duty Truck Electrification Sales Forecast by Country (2025-2030)
10.2 Latin America Heavy-duty Truck Electrification Market Size by Country
10.2.1 Latin America Heavy-duty Truck Electrification Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Heavy-duty Truck Electrification Market Size by Country (2019-2024)
10.2.3 Latin America Heavy-duty Truck Electrification Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Heavy-duty Truck Electrification Sales by Country
11.1.1 Middle East and Africa Heavy-duty Truck Electrification Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Heavy-duty Truck Electrification Sales by Country (2019-2024)
11.1.3 Middle East and Africa Heavy-duty Truck Electrification Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Heavy-duty Truck Electrification Market Size by Country
11.2.1 Middle East and Africa Heavy-duty Truck Electrification Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Heavy-duty Truck Electrification Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Heavy-duty Truck Electrification Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Heavy-duty Truck Electrification Value Chain Analysis
12.1.1 Heavy-duty Truck Electrification Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Heavy-duty Truck Electrification Production Mode & Process
12.2 Heavy-duty Truck Electrification Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Heavy-duty Truck Electrification Distributors
12.2.3 Heavy-duty Truck Electrification Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings