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
- 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
- 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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