Global Electric Truck Market size was valued at US$ 1.92 Bn. in 2021 and the total revenue is expected to grow at 28.1% CAGR through 2021 to 2029, reaching nearly US$ 13.93 Bn.
Electric Truck Market Overview
The report by Maximize Market Research focuses on the Electric Truck market and provides an in-depth analysis by segments and sub-segments in global and regional markets. The report also includes drivers, restraints, and macro factors affecting the global and regional Electric Truck markets in the medium and long run. The research includes an in-depth analysis of the global Electric Truck market's trends, predictions, and monetary values. According to the report, between the years 2021 and 2029, the global Electric Truck market is predicted to grow at a significant CAGR.
To remain ‘ahead’ of your competitors, request for a sample: https://www.maximizemarketresearch.com/request-sample/24408
Electric Truck Market Scope
The report explores demand through forecasts period, market trends, and micro and macro determinants. Moreover, the research illustrates the variables that are driving and limiting the Electric Truck market's growth. The MMR provides existing and new market participants insight into prospective investment opportunities in Electric Truck market. To give market insights, the report employs analytical approaches such as Porter's five forces analysis and PESTLE of the Electric Truck market. In addition, the study looks at current market trends as well as estimates for the years 2021-2029. The report identified important future developments that will have an impact on demand over the forecast period in the market.
Electric Truck Market Segmentation
The Electric Truck market is divided into Battery Electric Trucks and Hybrid Trucks depending on type and equipment. The sector of battery electric trucks accounted for the largest revenue share of 84.76% in 2019 and is anticipated to maintain its leadership throughout the projected period. Due to improving battery life and energy density as well as a decline in battery prices, the market for this segment is expected to grow at a rapid CAGR during the forecast period. Additionally, escalating government rules mandating zero-emission automobiles will encourage category growth. For instance, the European Union has established legislation requiring a minimum 40% reduction in emissions by 2030. The EU has set a target to reduce emissions by nearly 60% by 2040.
Electric truck market is divided into Logistics, Municipal, Construction, Mining, and Others based on application. The logistics sector has historically held the largest market share and will do so during the anticipated timeframe. The Peterbilt Model 220EV, which will have a range of up to 200 miles, will go on sale soon, according to a recent announcement by Peterbilt and Dana. The automobile should start production in the latter half of 2021. Additionally competing, Navistar is providing a medium-duty electric vehicle under its global brand. The production manager has promised a battery capacity of 312 kWh, a single-charge range of 250 miles, and the conclusion of production by early 2021.
- Global Electric Truck Market: Research Methodology
- Global Electric Truck Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Electric Truck Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Electric Truck Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Electric Truck Market Segmentation
- Global Electric Truck Market, by Type (2021-2029)
- Global Electric Truck Market, by Propulsion (2021-2029)
- Global Electric Truck Market, by Application (2021-2029)
- Global Electric Truck Market, by Level of Automation (2021-2029)
- Regional Electric Truck Market(2021-2029)
- Regional Electric Truck Market, by Type (2021-2029)
- Regional Electric Truck Market, by Propulsion (2021-2029)
- Regional Electric Truck Market, by Application (2021-2029)
- Regional Electric Truck Market, by Level of Automation (2021-2029)
- Regional Electric Truck Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Electric Truck Market Key Players
• AB Volvo
• BYD Auto Co. Ltd
• Daimler AG
• Dongfeng Motor Corporation
• FAW Group Co., Ltd.
• Foton Motor Inc.
• Isuzu Motors Ltd
• Navistar, Inc.
• PACCAR Inc.
• Scania
• Tevva Motors Limited
• Tesla
• Rivian
• Ford
• GM
• Workhorse
• Atlis
• Lordstown
• Bollinger
• Volkswagen AG
• Hino Motors Ltd.
• Chanje Energy Inc.
• Orange EV
• Mitsubishi Fuso Truck Bus Corp.
• Nikola Motor Co.
• Fiat Chrysler Automobiles N.V.
Regional Analysis
The research report gives a detailed analysis of the Electric Truck market that is divided into regions. The report includes an evaluation of regional market participants operating in the competitive market, as well as findings existing in the target market. Based on the regional and country by-country, the research evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region's market is thoroughly studied, allowing for the discovery of regional Electric Truck market trends, constraints, and growth potential.
For critical insights on this market, request for methodology here: https://www.maximizemarketresearch.com/request-sample/24408
Key Questions answered in the Electric Truck Market Report are:
- What is Electric Truck Market?
- What is the forecast period of the Electric Truck Market?
- What is the competitive scenario of the Electric Truck market?
- Which region held the largest market share in the Electric Truck Market?
- What are the opportunities for the Electric Truck Market?
- What are the restraining factors in the Electric Truck market?
- Who are the key players of the Electric Truck market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric Truck
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
