Electric Commercial Vehicle Market

Some of the major drivers of this market are the need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities. Whereas, oil companies lobbying against EV, limited battery power, and longer charging duration are few challenges for the global market.
Electric Commercial Vehicle Market aims to provide a comprehensive presentation of the global market for Electric Commercial Vehicle, 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 Electric Commercial Vehicle. Electric Commercial Vehicle Market contains market size and forecasts of Electric Commercial Vehicle in global, including the following market information:
Global Electric Commercial Vehicle Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Electric Commercial Vehicle Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Electric Commercial Vehicle companies in 2022 (%)
The global Electric Commercial Vehicle market was valued at US$ 104210 million in 2022 and is projected to reach US$ 178150 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The bus segment is estimated to be the fastest growing market, in terms of volume, for electric commercial vehicle, by vehicle, followed by van, pick-up truck, and truck. Various government mandates and individual country targets to phase out fossil fuel-based public transportation system and to replace them with electric buses will help the bus market grow over the forecast period.
We surveyed the Electric Commercial Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Commercial Vehicle Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electric Commercial Vehicle Market Segment Percentages, by Type, 2022 (%)
Bus
Truck
Pick-Up Truck
Van
Global Electric Commercial Vehicle Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electric Commercial Vehicle Market Segment Percentages, by Application, 2022 (%)
Commercial
Private
Global Electric Commercial Vehicle Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electric Commercial Vehicle Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Commercial Vehicle revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electric Commercial Vehicle revenues share in global market, 2022 (%)
Key companies Electric Commercial Vehicle sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electric Commercial Vehicle sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
TeslA
Nissan
BYD
Daimler
ProterrA
LG Chem
Samsung SDi
Panasonic
Delphi
ABB
Continental
Siemens
Mitsubishi Electric
ToshibA
Ballard Power Systems
Hydrogenics
ITM Power
Ceres Power
Plug Power
Nedstack
NuverA
AFCc
ToyotA
HondA
Hyundai
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electric Commercial Vehicle, market overview.
Chapter 2: Global Electric Commercial Vehicle market size in revenue and volume.
Chapter 3: Detailed analysis of Electric Commercial Vehicle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electric Commercial Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Electric Commercial Vehicle capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.