Electric Commercial Vehicle Market By Propulsion (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Plug-in Hybrid Electric Vehicle ), By Vehicle Type, By Battery Capacity, By Range : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

Electric commercial vehicles are powered by electricity instead of gasoline or diesel. The drive's energy comes from an on-board battery that charges from the mains power supply. As these vehicles run completely on battery itself, they require re-charging once drained, unlike refueling in case of ICE vehicles. In addition, electric commercial vehicles are noise free, have zero emission, and are efficient mode of transportation with lower maintenance cost, which in turn, makes them the preferred choice for fleet owners. In addition, factor such as increasing government initiatives for promotion of electrification is expected to drive the market growth during forecast year. For instance, in July 2021, National Transport Authority of Ireland signed a contract with Alexander Dennis Limited and BYD UK for 200 BYD ADL Enviro200EV zero-emission battery-electric bus.

An electric commercial vehicle that does not have a traditional ICE engine for their propulsion and are completely electric. These vehicles are driven by an onboard electric motor that receives power from onboard batteries or a set of batteries. Electric buses are considered as eco-friendly as they do not produce any pollutants and are also economical when compared with traditional gasoline/diesel buses.

Multiple advantages are associated with battery electric commercial vehicles such as they do not consume any fossil fuels or emit any CO2 in operation, and electric drive consists of fewer parts, especially moving ones which have rarer breakdowns and less servicing, and electric commercial vehicles make less noise than vehicles with a combustion engine, thus such factors are anticipated to propel the growth of this battery electric vehicle segment.

In addition, leading electric truck manufacturers are starting electrification with a partnership with other leading companies in various industrial applications. For instance, in March 2022, A.P. Moller - Maersk will add 300 electric trucks to its North American network in partnership with Einride. The trucks will be operated using Einride's digital road freight operating system and charging solutions. They will operate as part of the Performance Team's Road freight network which provides growth opportunities to the market.

The electric commercial vehicle market is segmented based on propulsion type, vehicle type, battery capacity, and range. By propulsion type, it is divided into the Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), and Plug-in Hybrid Electric Vehicle (PHEV). By vehicle type, it is divided into light-duty trucks, medium-duty trucks, heavy-duty trucks, and buses. By battery capacity, it is classified into less than 50 kWh, 50-250 kWh, and above 250 kWh. By range, it is categorized into less than 150 miles, 150-300 miles, and above 300 miles. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some major companies operating in the market include AB Volvo, BYD Company Ltd., Daimler Trucks, Dongfeng Motor Company, NFI Group Inc., Man SE, Proterra, Scania, Tata Motors, and VDL GROEP BV.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric commercial vehicle market analysis from 2021 to 2031 to identify the prevailing electric commercial vehicle market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electric commercial vehicle market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electric commercial vehicle market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Propulsion

Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
Plug-in Hybrid Electric Vehicle (PHEV)

By Vehicle Type

Light duty trucks
Medium duty trucks
Heavy duty trucks
Buses

By Battery Capacity

Less Than 50 kWh
50 to 250 kWh
Above 250 kWh

By Range

Less Than 150 Mile
150 to 300 Mile
Above 300 Mile

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Tata Motors
- NFI Group Inc.
- Proterra
- MAN SE
- BYD Company Ltd
- Daimler AG
- Scania
- AB Volvo
- VDL Groep BV
- Dongfeng Motor Company

Product Code: A31875

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market dynamics
- 3.4.1.Drivers
  - 3.4.1.1. Increase in demand for fuel-efficient, high-performance, and low-emission buses
  - 3.4.1.2. Increase in government initiatives for the promotion of e-mobility
  - 3.4.1.3. Reduction in cost of electric vehicle batteries
- 3.4.2.Restraints
  - 3.4.2.1. High cost of investment and complication in operating advanced systems
  - 3.4.2.2. Lack of charging infrastructure
- 3.4.3.Opportunities
  - 3.4.3.1. Rise in demand for electric trucks from the logistics sector
  - 3.4.3.2. Technological advancements
  - 3.4.3.3. Greater availability of credit and financing options
  - 3.4.3.4. Increasing need for transportation mediums for rural and semi-urban areas
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION

4.1 Overview
- 4.1.1 Market size and forecast
4.2. Battery Electric Vehicle (BEV)
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
4.3. Fuel Cell Electric Vehicle (FCEV)
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
4.4. Plug-in Hybrid Electric Vehicle (PHEV)
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country

CHAPTER 5: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE

5.1 Overview
- 5.1.1 Market size and forecast
5.2. Light duty trucks
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
5.3. Medium duty trucks
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
5.4. Heavy duty trucks
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
5.5. Buses
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country

CHAPTER 6: ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY

6.1 Overview
- 6.1.1 Market size and forecast
6.2. Less Than 50 kWh
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
6.3. 50 to 250 kWh
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
6.4. Above 250 kWh
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country

CHAPTER 7: ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE

7.1 Overview
- 7.1.1 Market size and forecast
7.2. Less Than 150 Mile
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
7.3. 150 to 300 Mile
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
7.4. Above 300 Mile
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country

CHAPTER 8: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION

8.1 Overview
- 8.1.1 Market size and forecast
8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Propulsion
- 8.2.3 North America Market size and forecast, by Vehicle Type
- 8.2.4 North America Market size and forecast, by Battery Capacity
- 8.2.5 North America Market size and forecast, by Range
- 8.2.6 North America Market size and forecast, by country
  - 8.2.6.1 U.S.
  - 8.2.6.1.1 Key market trends, growth factors and opportunities
  - 8.2.6.1.2 Market size and forecast, by Propulsion
  - 8.2.6.1.3 Market size and forecast, by Vehicle Type
  - 8.2.6.1.4 Market size and forecast, by Battery Capacity
  - 8.2.6.1.5 Market size and forecast, by Range
  - 8.2.6.2 Canada
  - 8.2.6.2.1 Key market trends, growth factors and opportunities
  - 8.2.6.2.2 Market size and forecast, by Propulsion
  - 8.2.6.2.3 Market size and forecast, by Vehicle Type
  - 8.2.6.2.4 Market size and forecast, by Battery Capacity
  - 8.2.6.2.5 Market size and forecast, by Range
  - 8.2.6.3 Mexico
  - 8.2.6.3.1 Key market trends, growth factors and opportunities
  - 8.2.6.3.2 Market size and forecast, by Propulsion
  - 8.2.6.3.3 Market size and forecast, by Vehicle Type
  - 8.2.6.3.4 Market size and forecast, by Battery Capacity
  - 8.2.6.3.5 Market size and forecast, by Range
8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Propulsion
- 8.3.3 Europe Market size and forecast, by Vehicle Type
- 8.3.4 Europe Market size and forecast, by Battery Capacity
- 8.3.5 Europe Market size and forecast, by Range
- 8.3.6 Europe Market size and forecast, by country
  - 8.3.6.1 UK
  - 8.3.6.1.1 Key market trends, growth factors and opportunities
  - 8.3.6.1.2 Market size and forecast, by Propulsion
  - 8.3.6.1.3 Market size and forecast, by Vehicle Type
  - 8.3.6.1.4 Market size and forecast, by Battery Capacity
  - 8.3.6.1.5 Market size and forecast, by Range
  - 8.3.6.2 Germany
  - 8.3.6.2.1 Key market trends, growth factors and opportunities
  - 8.3.6.2.2 Market size and forecast, by Propulsion
  - 8.3.6.2.3 Market size and forecast, by Vehicle Type
  - 8.3.6.2.4 Market size and forecast, by Battery Capacity
  - 8.3.6.2.5 Market size and forecast, by Range
  - 8.3.6.3 France
  - 8.3.6.3.1 Key market trends, growth factors and opportunities
  - 8.3.6.3.2 Market size and forecast, by Propulsion
  - 8.3.6.3.3 Market size and forecast, by Vehicle Type
  - 8.3.6.3.4 Market size and forecast, by Battery Capacity
  - 8.3.6.3.5 Market size and forecast, by Range
  - 8.3.6.4 Russia
  - 8.3.6.4.1 Key market trends, growth factors and opportunities
  - 8.3.6.4.2 Market size and forecast, by Propulsion
  - 8.3.6.4.3 Market size and forecast, by Vehicle Type
  - 8.3.6.4.4 Market size and forecast, by Battery Capacity
  - 8.3.6.4.5 Market size and forecast, by Range
  - 8.3.6.5 Rest of Europe
  - 8.3.6.5.1 Key market trends, growth factors and opportunities
  - 8.3.6.5.2 Market size and forecast, by Propulsion
  - 8.3.6.5.3 Market size and forecast, by Vehicle Type
  - 8.3.6.5.4 Market size and forecast, by Battery Capacity
  - 8.3.6.5.5 Market size and forecast, by Range
8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Propulsion
- 8.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
- 8.4.4 Asia-Pacific Market size and forecast, by Battery Capacity
- 8.4.5 Asia-Pacific Market size and forecast, by Range
- 8.4.6 Asia-Pacific Market size and forecast, by country
  - 8.4.6.1 China
  - 8.4.6.1.1 Key market trends, growth factors and opportunities
  - 8.4.6.1.2 Market size and forecast, by Propulsion
  - 8.4.6.1.3 Market size and forecast, by Vehicle Type
  - 8.4.6.1.4 Market size and forecast, by Battery Capacity
  - 8.4.6.1.5 Market size and forecast, by Range
  - 8.4.6.2 India
  - 8.4.6.2.1 Key market trends, growth factors and opportunities
  - 8.4.6.2.2 Market size and forecast, by Propulsion
  - 8.4.6.2.3 Market size and forecast, by Vehicle Type
  - 8.4.6.2.4 Market size and forecast, by Battery Capacity
  - 8.4.6.2.5 Market size and forecast, by Range
  - 8.4.6.3 Japan
  - 8.4.6.3.1 Key market trends, growth factors and opportunities
  - 8.4.6.3.2 Market size and forecast, by Propulsion
  - 8.4.6.3.3 Market size and forecast, by Vehicle Type
  - 8.4.6.3.4 Market size and forecast, by Battery Capacity
  - 8.4.6.3.5 Market size and forecast, by Range
  - 8.4.6.4 South Korea
  - 8.4.6.4.1 Key market trends, growth factors and opportunities
  - 8.4.6.4.2 Market size and forecast, by Propulsion
  - 8.4.6.4.3 Market size and forecast, by Vehicle Type
  - 8.4.6.4.4 Market size and forecast, by Battery Capacity
  - 8.4.6.4.5 Market size and forecast, by Range
  - 8.4.6.5 Rest of Asia-Pacific
  - 8.4.6.5.1 Key market trends, growth factors and opportunities
  - 8.4.6.5.2 Market size and forecast, by Propulsion
  - 8.4.6.5.3 Market size and forecast, by Vehicle Type
  - 8.4.6.5.4 Market size and forecast, by Battery Capacity
  - 8.4.6.5.5 Market size and forecast, by Range
8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Propulsion
- 8.5.3 LAMEA Market size and forecast, by Vehicle Type
- 8.5.4 LAMEA Market size and forecast, by Battery Capacity
- 8.5.5 LAMEA Market size and forecast, by Range
- 8.5.6 LAMEA Market size and forecast, by country
  - 8.5.6.1 Latin America
  - 8.5.6.1.1 Key market trends, growth factors and opportunities
  - 8.5.6.1.2 Market size and forecast, by Propulsion
  - 8.5.6.1.3 Market size and forecast, by Vehicle Type
  - 8.5.6.1.4 Market size and forecast, by Battery Capacity
  - 8.5.6.1.5 Market size and forecast, by Range
  - 8.5.6.2 Middle East
  - 8.5.6.2.1 Key market trends, growth factors and opportunities
  - 8.5.6.2.2 Market size and forecast, by Propulsion
  - 8.5.6.2.3 Market size and forecast, by Vehicle Type
  - 8.5.6.2.4 Market size and forecast, by Battery Capacity
  - 8.5.6.2.5 Market size and forecast, by Range
  - 8.5.6.3 Africa
  - 8.5.6.3.1 Key market trends, growth factors and opportunities
  - 8.5.6.3.2 Market size and forecast, by Propulsion
  - 8.5.6.3.3 Market size and forecast, by Vehicle Type
  - 8.5.6.3.4 Market size and forecast, by Battery Capacity
  - 8.5.6.3.5 Market size and forecast, by Range

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1 Tata Motors
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
10.2 NFI Group Inc.
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
10.3 Proterra
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
10.4 MAN SE
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
10.5 BYD Company Ltd
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
10.6 Daimler AG
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
10.7 Scania
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
10.8 AB Volvo
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
10.9 VDL Groep BV
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
10.10 Dongfeng Motor Company
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments