Electric Commercial Truck Chassis Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Electric Commercial Truck Chassis Market was valued at USD 488 million in 2023 and is projected to grow at a CAGR of 29.4% between 2024 and 2032. The market expansion is largely driven by government regulations and incentives to promote electric vehicles. Governments worldwide implement stringent emissions standards to minimize carbon footprints, pushing businesses to shift to electric commercial vehicles. Financial incentives such as tax credits, rebates, and grants make the adoption of electric trucks more affordable and appealing to fleet operators. Investments in charging infrastructure and increased support for research and development also strengthen the viability of electric solutions. These policies foster a favorable environment for manufacturers to innovate and expand their electric chassis offerings.
The demand for sustainable transportation solutions is another key factor driving market growth. As global efforts to reduce carbon emissions intensify, electric trucks are essential in meeting environmental regulations. Companies in sectors like logistics and delivery are increasingly adopting electric trucks to enhance their brand image and comply with stricter emissions regulations. Additionally, consumers favor sustainable brands, encouraging businesses to invest in eco-friendly transport options. This growing awareness and demand for environmentally friendly solutions significantly fuel the electric commercial truck chassis market.
By chassis types, in 2023, the ladder frame segment held over 43% of the market share and is expected to surpass USD 2 billion by 2032. The ladder frame chassis is favored for its structural durability and ability to handle heavy loads, making it ideal for commercial applications. Its robust design is especially suited for heavy-duty and medium-duty trucks, providing the strength required to carry large payloads. Additionally, it allows for easy customization, making it popular among electric truck manufacturers.
Based on drive configurations, the market is divided into rear-wheel drive (RWD), all-wheel drive (AWD), and front-wheel drive (FWD). The rear-wheel drive (RWD) segment dominated with a 54% market share in 2023, owing to its superior traction, handling, and stability under heavy loads, which is critical for commercial vehicles.
Regionally, North America accounted for over 37% of the market in 2023, with significant growth expected due to government incentives and investments in electric vehicle infrastructure. The region is projected to exceed USD 1.8 billion by 2032, driven by the demand for electric trucks in urban logistics and sustainability initiatives.
- Report Content
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Manufacturers
- 3.1.5 Distributors
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 Chassis manufacturers
- 3.2.4 Truck manufacturers
- 3.2.5 Distribution channels
- 3.3 Profit margin analysis
- 3.4 Price analysis
- 3.5 Technology & innovation landscape
- 3.6 Patent analysis
- 3.7 Key news & initiatives
- 3.8 Regulatory landscape
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Increasing government regulations and incentives for electric vehicles
- 3.9.1.2 Growing demand for sustainable and environmentally friendly transportation options
- 3.9.1.3 Advances in battery technology and declining battery costs
- 3.9.1.4 Expanding charging infrastructure
- 3.9.1.5 Rising fuel prices and operating cost savings with electric trucks
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 Higher upfront costs of electric trucks compared to traditional diesel trucks
- 3.9.2.2 Limited range and charging time of electric trucks
- 3.10 Growth potential analysis
- 3.11 Porter’s analysis
- 3.12 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Truck Classification, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Light-duty trucks
- 5.3 Medium-duty trucks
- 5.4 Heavy-duty trucks
- Chapter 6 Market Estimates & Forecast, By Chassis, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Ladder frame
- 6.3 Modular chassis
- 6.4 Backbone chassis
- 6.5 Others
- Chapter 7 Market Estimates & Forecast, By Chassis Material, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Aluminium alloy
- 7.3 Mild steel
- 7.4 High-speed steel
- 7.5 Others (carbon fiber, etc.)
- Chapter 8 Market Estimates & Forecast, By Drive, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 All-wheel drive (AWD)
- 8.3 Rear-wheel drive (RWD)
- 8.4 Front-wheel drive (FWD)
- Chapter 9 Market Estimates & Forecast, By End-User Industry, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 Logistics and delivery
- 9.3 Construction
- 9.4 Municipal services
- Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- Chapter 11 Company Profiles
- 11.1 Ashok Leyland
- 11.2 BYD Auto
- 11.3 Daimler Trucks
- 11.4 Dongfeng Motor Corporation Ltd.
- 11.5 Ford Motor Company
- 11.6 Hino Motors
- 11.7 Hyundai Motor Company
- 11.8 Infraprime Logistics Technologies Pvt. Ltd.
- 11.9 Isuzu Motors
- 11.10 Navistar International Corporation
- 11.11 Nikola Corporation
- 11.12 PACCAR Inc.
- 11.13 Proterra
- 11.14 REE Automotive
- 11.15 Rivian
- 11.16 Saturn EV Ltd.
- 11.17 Scania AB
- 11.18 Tata Motors Limited
- 11.19 Tesla, Inc.
- 11.20 Volvo Trucks
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