Electric Commercial Vehicle Market Research Report Forecast 2027

Electric Commercial Vehicle Market Research Report Forecast 2027

Market Overview

By the end of 2027, the market for electric commercial vehicles is expected to grow at a healthy CAGR of 67.08%. An electric vehicle is a commercial vehicle that runs entirely or mostly on electricity rather than diesel or petroleum. Electric commercial vehicles are also extremely cost-effective to operate because they have fewer moving parts to maintain and use little to no fossil fuels (petrol or diesel).

Electric commercial vehicles require less maintenance than conventional ICE-powered commercial vehicles because they have fewer moving parts and require fewer fluid changes, lowering the cost of repair and replacement. This, along with lower insurance costs as a result of the vehicle's higher safety standards, are some of the factors that reduce the operating expenses of commercial electric vehicles.

Market Segmentation

Battery Electric vehicles (BEV), Module mixture electric vehicles (PHEV), and Energy unit electric vehicles (FCEV) are the sections in view of the innovation of the Worldwide Electric Commercial Vehicle Market. The BEV section is supposed to have the most elevated CAGR and overwhelm the market share during the gauge time frame. Battery electric vehicles (BEVs) by and large utilize substance energy, which is put away in battery-powered battery packs.

Electric transport, electric truck, electric get trucks, and electric vans are the sections in light of the vehicle sort of the Worldwide Electric Commercial Vehicle Market.

Regional Analysis

The locales are delegated to North America, Europe, Asia-Pacific, Center East and Africa, and the Rest of the World. Asia-Pacific holds a critical portion of the market. The demand for commercial electric vehicles in Asia-Pacific is supposed to become altogether because of the developing demand for electric transports and the drives to advance the improvement of electric vehicles taken by the legislatures of nations like China, Japan, and India. The rising demand for the improvement of charging foundations and expanding coordinated efforts between the car OEMs in the area brings about the market's development around here.

Truck driving is quite possibly the quickest-developing occupation in North America. As per the US Agency for Work Measurements, there were more than 1.8 million rock solid and heavy transport truck driving positions in 2019-2020. In general, a sum of 7.4 million residents in the US have occupations that are attached to the shipping business. As per the American Shipping Affiliations, shipping moves 71% of all the cargo in America. Almost 6% of the multitude of everyday positions in the nation begin in the shipping business. As of late, Walmart (US) has been getting some distance from outsider agreements and utilizing its drivers, which brought about a recruiting flood of all the newer transporters. Subsequently, the demand for electric trucks in the US is supposed to increment as additional individuals are checking trucks out

Major Players

PACCAR Inc. (US), BYD Company Limited (China), Proterra (US), AB Volvo (Sweden), Scania (Sweden), VDL (Netherlands), Tesla (US), Daimler AG (Germany), CAF (Spain), KING LONG (China), Renault Trucks (France), Yutong (China), NFI Group Inc. (Canada), EBSCO (Netherlands), and Anhui Ankai Automobile Co., Ltd. (China).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.Companies Mentioned

PACCAR Inc. (US)
BYD Company Limited (China)
Proterra (US)
AB Volvo (Sweden)
Scania (Sweden)
VDL (Netherlands)
Tesla (US)
Daimler AG (Germany)
CAF (Spain)
KING LONG (China)
Renault Trucks (France)
Yutong (China)
NFI Group Inc. (Canada)
EBSCO (Netherlands)
and Anhui Ankai Automobile Co.
Ltd. (China)

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1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Electric Commercial Vehicle Market, By Technology
1.1.2 Global Electric Commercial Vehicle Market, By Vehicle Type
1.1.3 Global Electric Commercial Vehicle Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-down And Bottom-up Approach
3.6 Forecast Model
3.7 List Of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Government Initiatives To Encourage Adoption Of Electric Commercial Vehicles
4.2.2 Low Operating Cost
4.2.3 Drivers Impact Analysis
4.3 Restraints
4.3.1 Underdeveloped Charging Infrastructure And Poor Aftermarket Services
4.3.2 High Price And Limited Capacity Of Batteries
4.3.3 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Increasing Logistic Activities
4.4.2 Growth In Demand Within Fleets
4.5 Covid-19 Impact Analysis
4.5.1 Economic Impact On Automotive Industry
4.5.2 Impact On Automotive Production
4.5.2.1 Ford
4.5.2.2 American Honda
4.5.2.3 Fca
4.5.2.4 Kia
4.5.2.5 Volkswagen
4.5.3 Impact On Electric Commercial Vehicle Market
4.5.3.1 Impact On Supply Chain
4.5.3.2 Cash Flow Constraints
4.5.4 Impact On World Trade
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat Of New Entrants
5.1.2 Bargaining Power Of Suppliers
5.1.3 Threat Of Substitutes
5.1.4 Bargaining Power Of Buyers
5.1.5 Intensity Of Rivalry
5.2 Supply Chain Analysis
5.2.1 Design & Development
5.2.2 Raw Material/Component Supply
5.2.3 Assembly
5.2.4 Distribution/Supply
5.2.5 End Use
6 Global Electric Commercial Vehicle Market, By Technology
6.1 Introduction
6.2 Bev
6.3 Phev
6.4 Fcev
7 Global Electric Commercial Vehicle Market, By Vehicle Type
7.1 Introduction
7.2 Electric Bus
7.3 Electric Truck
7.4 Electric Pickup Truck
7.5 Electric Van
8 Global Electric Commercial Vehicle Market, By Region
8.1 Overview
8.2 North America
8.2.1 Us
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 Uk
8.3.3 France
8.3.4 Italy
8.3.5 Rest Of Europe
8.4 Asia-pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest Of Asia-pacific
8.5 Rest Of The World (Row)
8.5.1 Middle East & Africa (Mea)
8.5.2 South America
9 Competitive Landscape
9.1 Competitive Overview
9.2 Major Growth Strategy In The Global Electric Commercial Vehicle Market
9.3 Competitive Benchmarking
9.4 Market Share Analysis
9.5 Key Developments In The Global Electric Commercial Vehicle Market
9.5.1 Key Developments: Contracts & Agreements
9.5.2 Key Developments: Partnerships & Collaborations
9.5.3 Key Developments: Expansions
9.5.4 Key Developments: Product Developments/Launches
10 Company Profiles
10.1 Ab Volvo
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategy
10.2 Tesla
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategies
10.3 Daimler Ag
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 Paccar Inc.
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategy
10.5 Byd Company Limited
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 Proterra
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 Scania
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.8 Vdl
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.9 Caf
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.10 King Long
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.11 Renault Trucks
10.11.1 Company Overview
10.11.2 Financial Overview
10.11.3 Products Offered
10.11.4 Key Developments
10.12 Yutong
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Products Offered
10.12.4 Key Developments
10.13 Nfi Group Inc.
10.13.1 Company Overview
10.13.2 Financial Overview
10.13.3 Products Offered
10.13.4 Key Developments
10.14 Ebusco
10.14.1 Company Overview
10.14.2 Financial Overview
10.14.3 Products Offered
10.14.4 Key Developments
10.15 Ankai
10.15.1 Company Overview
10.15.2 Financial Overview
10.15.3 Products Offered
10.15.4 Key Developments
11 Appendix
11.1 References
List Of Tables
Table 1 List Of Assumptions
Table 2 Global Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 3 Global Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 4 Global Electric Commercial Vehicle Market Volume, By Region, 2019–2027 (Units)
Table 5 North America Electric Commercial Vehicle Market Volume, By Country, 2019–2027 (Units)
Table 6 North America Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 7 North America Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 8 Us Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 9 Us Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 10 Canada Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 11 Canada Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 12 Mexico Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 13 Mexico Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 14 Europe Electric Commercial Vehicle Market Volume, By Country, 2019–2027 (Units)
Table 15 Europe Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 16 Europe Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 17 Germany Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 18 Germany Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 19 Uk Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 20 Uk Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 21 France Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 22 France Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 23 Italy Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 24 Italy Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 25 Rest Of Europe Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 26 Rest Of Europe Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 27 Asia-pacific Electric Commercial Vehicle Market Volume, By Country, 2019–2027 (Units)
Table 28 Asia-pacific Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 29 Asia-pacific Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 30 China Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 31 China Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 32 Japan Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 33 Japan Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 34 India Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 35 India Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 36 Rest Of Asia-pacific Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 37 Rest Of Asia-pacific Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 38 Rest Of The World Electric Commercial Vehicle Market Volume, By Region, 2019–2027 (Units)
Table 39 Rest Of The World Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 40 Rest Of The World Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 41 Middle East & Africa Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 42 Middle East & Africa Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 43 South America Electric Commercial Vehicle Market Volume, By Technology, 2019–2027 (Units)
Table 44 South America Electric Commercial Vehicle Market Volume, By Vehicle Type, 2019–2027 (Units)
Table 45 Key Developments: Contracts & Agreements
Table 46 Key Developments: Partnerships & Collaborations
Table 47 Key Developments: Expansions
Table 48 Key Developments: Product Developments/Launches
Table 49 Ab Volvo: Products Offered
Table 50 Ab Volvo: Key Developments
Table 51 Tesla: Products Offered
Table 52 Tesla: Key Developments
Table 53 Daimler Ag: Products Offered
Table 54 Daimler Ag: Key Developments
Table 55 Paccar Inc.: Products Offered
Table 56 Paccar Inc.: Key Developments
Table 57 Byd Company Limited: Products Offered
Table 58 Byd Company Limited: Key Developments
Table 59 Proterra: Products Offered
Table 60 Proterra: Key Developments
Table 61 Scania: Products Offered
Table 62 Scania: Key Developments
Table 63 Vdl: Products Offered
Table 64 Vdl: Key Developments
Table 65 Caf: Products Offered
Table 66 Caf: Key Developments
Table 67 King Long: Products Offered
Table 68 King Long: Key Developments
Table 69 Renault Trucks: Products Offered
Table 70 Renault Trucks: Key Developments
Table 71 Yutong: Products Offered
Table 72 Yutong: Key Developments
Table 73 Nfi Group Inc.: Products Offered
Table 74 Nfi Group Inc.: Key Developments
Table 75 Ebusco: Products Offered
Table 76 Ebusco: Key Developments
Table 77 Ankai: Products Offered
Table 78 Ankai: Key Developments
List Of Figures
Figure 1 Market Synopsis
Figure 2 Global Electric Commercial Vehicle Market Analysis, By Technology
Figure 3 Global Electric Commercial Vehicle Market Analysis, By Vehicle Type
Figure 4 Global Electric Commercial Vehicle Market Analysis, By Region
Figure 5 Global Electric Commercial Vehicle Market: Market Structure
Figure 6 Research Process Of Mrfr
Figure 7 Market Dynamics: Global Electric Commercial Vehicle Market
Figure 8 Drivers Impact Analysis: Global Electric Commercial Vehicle Market
Figure 9 Restraints Impact Analysis: Global Electric Commercial Vehicle Market
Figure 10 Porter’s Five Forces Analysis: Global Electric Commercial Vehicle Market
Figure 11 Supply Chain Analysis: Global Electric Commercial Vehicle Market
Figure 12 Global Electric Commercial Vehicle Market, By Technology, 2020 (% Share)
Figure 13 Global Electric Commercial Vehicle Market, By Vehicle Type, 2020 (% Share)
Figure 14 Global Electric Commercial Vehicle Market, By Region, 2020 (% Share)
Figure 15 Contracts & Agreements: The Major Strategy Adopted By Key Players In Global Electric Commercial Vehicle Market
Figure 16 Benchmarking Of Major Competitors
Figure 17 Global Electric Commercial Vehicle Market Share Analysis, 2020
Figure 18 Ab Volvo: Financial Overview Snapshot
Figure 19 Ab Volvo: Swot Analysis
Figure 20 Tesla: Financial Overview Snapshot
Figure 21 Tesla: Swot Analysis
Figure 22 Daimler Ag: Financial Overview Snapshot
Figure 23 Daimler Ag: Swot Analysis
Figure 24 Paccar Inc.: Financial Overview Snapshot
Figure 25 Paccar Inc.: Swot Analysis
Figure 26 Byd Company Limited: Financial Overview Snapshot
Figure 27 Byd Company Limited: Swot Analysis
Figure 28 Proterra: Swot Analysis
Figure 29 Scania: Financial Overview Snapshot
Figure 30 Vdl: Financial Overview Snapshot
Figure 31 Caf: Financial Overview Snapshot
Figure 32 Yutong: Financial Overview Snapshot
Figure 33 Nfi Group Inc.: Financial Overview Snapshot
Figure 34 Ankai: Financial Overview Snapshot

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