Global Electric Commercial Vehicle Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	175 Pages	TechNavio	August, 2023	INF18180447

Best Price Guarantee
Price	from $2,500
Length	175 Pages
Publisher	TechNavio
Published Date	August, 2023
SKU	INF18180447

Global Electric Commercial Vehicle Market 2023-2027

The electric commercial vehicle market is forecasted to grow by USD 166.58 bn during 2022-2027, accelerating at a CAGR of 26.02% during the forecast period. The report 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing focus on reducing vehicular emissions, increasing adoption of EVs for improved logistics and transportation, and favorable government initiatives.

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

By Product

LCVs
Buses
Heavy and medium commercial vehicles

By Type

Battery electric vehicle (BEV)
Plug-in hybrid electric vehicle (PHEV)
Fuel cell electric vehicle (FCEV)

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

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 integration of telematics and autonomous technologies will lead to sizable demand in the market.

The report on the electric commercial vehicle market covers the following areas:

Electric commercial vehicle market sizing
Electric commercial vehicle market forecast
Electric commercial vehicle market industry analysis

The 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, Anhui Jianghuai Automobile Group Co. Ltd., BYD Co. Ltd., Daimler Truck AG, Ford Motor Co., General Electric Co., Hyundai Motor Co., Mahindra and Mahindra Ltd., NFI Group Inc., Nissan Motor Co. Ltd., Olectra Greentech Ltd, PACCAR Inc., Proterra Inc., Renault SAS, Rivian Automotive Inc., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Xiamen King Long United Automotive Industry Co. Ltd.. 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 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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Product
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global electric commercial vehicle market 2017 - 2021
  - Table Historic Market Size – Data Table on global electric commercial vehicle market 2017 - 2021 ($ billion)
- Product Segment Analysis 2017 - 2021
  - Table Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- Type Segment Analysis 2017 - 2021
  - Table Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- Country Segment Analysis 2017 - 2021
  - Table Historic Market Size – Country Segment 2017 - 2021 ($ billion)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Product
- Market segments
  - Table Chart on Product - Market share 2022-2027 (%)
  - Table Data Table on Product - Market share 2022-2027 (%)
- Comparison by Product
  - Table Chart on Comparison by Product
  - Table Data Table on Comparison by Product
- LCVs - Market size and forecast 2022-2027
  - Table Chart on LCVs - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on LCVs - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on LCVs - Year-over-year growth 2022-2027 (%)
  - Table Data Table on LCVs - Year-over-year growth 2022-2027 (%)
- Buses - Market size and forecast 2022-2027
  - Table Chart on Buses - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Buses - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Buses - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Buses - Year-over-year growth 2022-2027 (%)
- Heavy and medium commercial vehicles - Market size and forecast 2022-2027
  - Table Chart on Heavy and medium commercial vehicles - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Heavy and medium commercial vehicles - Market size and forecast 2022- 2027 ($ billion)
  - Table Chart on Heavy and medium commercial vehicles - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Heavy and medium commercial vehicles - Year-over-year growth 2022-2027 (%)
- Market opportunity by Product
  - Table Market opportunity by Product ($ billion)
  - Table Data Table on Market opportunity by Product ($ billion)
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2022-2027 (%)
  - Table Data Table on Type - Market share 2022-2027 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Battery electric vehicle (BEV) - Market size and forecast 2022-2027
  - Table Chart on Battery electric vehicle (BEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Battery electric vehicle (BEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Battery electric vehicle (BEV) - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Battery electric vehicle (BEV) - Year-over-year growth 2022-2027 (%)
- Plug-in hybrid electric vehicle (PHEV) - Market size and forecast 2022-2027
  - Table Chart on Plug-in hybrid electric vehicle (PHEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Plug-in hybrid electric vehicle (PHEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Plug-in hybrid electric vehicle (PHEV) - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Plug-in hybrid electric vehicle (PHEV) - Year-over-year growth 2022-2027 (%)
- Fuel cell electric vehicle (FCEV) - Market size and forecast 2022-2027
  - Table Chart on Fuel cell electric vehicle (FCEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Fuel cell electric vehicle (FCEV) - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Fuel cell electric vehicle (FCEV) - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Fuel cell electric vehicle (FCEV) - Year-over-year growth 2022-2027 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ billion)
  - Table Data Table on Market opportunity by Type ($ billion)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- China - Market size and forecast 2022-2027
  - Table Chart on China - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on China - Year-over-year growth 2022-2027 (%)
  - Table Data Table on China - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- Germany - Market size and forecast 2022-2027
  - Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on Germany - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
- UK - Market size and forecast 2022-2027
  - Table Chart on UK - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on UK - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on UK - Year-over-year growth 2022-2027 (%)
  - Table Data Table on UK - Year-over-year growth 2022-2027 (%)
- France - Market size and forecast 2022-2027
  - Table Chart on France - Market size and forecast 2022-2027 ($ billion)
  - Table Data Table on France - Market size and forecast 2022-2027 ($ billion)
  - Table Chart on France - Year-over-year growth 2022-2027 (%)
  - Table Data Table on France - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ billion)
  - Table Data Tables on Market opportunity by geography ($ billion)
Drivers, Challenges, and Trends
- Market drivers
  - 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
  - Limitations associated with ECVs
  - Availability of alternatives in EVs
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- 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 Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- 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
- Anhui Jianghuai Automobile Group Co. Ltd.
  - Table Anhui Jianghuai Automobile Group Co. Ltd. - Overview
  - Table Anhui Jianghuai Automobile Group Co. Ltd. - Product / Service
  - Table Anhui Jianghuai Automobile Group Co. Ltd. - Key offerings
- 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 Truck AG
  - Table Daimler Truck AG - Overview
  - Table Daimler Truck AG - Business segments
  - Table Daimler Truck AG - Key offerings
  - Table Daimler Truck 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
- General Electric Co.
  - Table General Electric Co. - Overview
  - Table General Electric Co. - Business segments
  - Table General Electric Co. - Key news
  - Table General Electric Co. - Key offerings
  - Table General Electric 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
- Mahindra and Mahindra Ltd.
  - Table Mahindra and Mahindra Ltd. - Overview
  - Table Mahindra and Mahindra Ltd. - Business segments
  - Table Mahindra and Mahindra Ltd. - Key news
  - Table Mahindra and Mahindra Ltd. - Key offerings
  - Table Mahindra and Mahindra Ltd. - Segment focus
- NFI Group Inc.
  - Table NFI Group Inc. - Overview
  - Table NFI Group Inc. - Business segments
  - Table NFI Group Inc. - Key offerings
  - Table NFI Group Inc. - 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
- PACCAR Inc.
  - Table PACCAR Inc. - Overview
  - Table PACCAR Inc. - Business segments
  - Table PACCAR Inc. - Key news
  - Table PACCAR Inc. - Key offerings
  - Table PACCAR Inc. - 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
- Volkswagen AG
  - Table Volkswagen AG - Overview
  - Table Volkswagen AG - Business segments
  - Table Volkswagen AG - Key offerings
  - Table Volkswagen AG - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- 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