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Market Research Report
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1077375

Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030

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Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030
Published: May 18, 2022
MarketsandMarkets
Content info: 324 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%. Governments are supporting EV's through subsidies & tax rebates for using low emission vehicles and working in collaboration with top automobile manufacturers to speed up growth of their countries.

Increased demand for efficient and low emission vehicles along with government support amid the rising prices of petroleum will boost the electric commercial vehicle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electric commercial vehicles have lower operating cost as compared to ICE commercial vehicles. To make the market grow, a continued support from the government will be needed along with the growing research of EV batteries, EV charging systems. Specalised charging deports and fleet stations will also need to be installed around the world for growing the demand for electric buses, vans, pickups and trucks.

"The Electric Van Segment is expected to be the largest market in the forecast period."

Electric vans are enclosed wagons or motor truck vehicles that receive power from the power grid and are driven by an electric motor. they are expected to be the largest segment by vehicle type in the electric commercial vehicle market. Major players operating in the global electric van market include Renault (France), Daimler AG (Germany), Nissan Motor Corporation (Japan), PSA Group (France), Toyota Motor Corporation (Japan), IVECO S.p.A. (Italy), London Electric Vehicle Company (United Kingdom), General Motors (US), Ford Motor Company (US), AB Volvo (Sweden), Mahindra & Mahindra LTD. (India), BYD Company Limited (China), and Volkswagen AG (Germany). For instance, in January 2021, PEUGEOT (France) is expanding its electric van range with the new PEUGEOT e-Partner, the latest light commercial vehicle (LCV) in the brand's lineup to be offered as a fully electric commercial vehicle. The growth of the logistics and e-commerce sectors is expected to drive the market for electric vans for various applications such as last-mile delivery and distribution services. Electric vans would witness an increasing demand due to lower operating costs, negligible harmful emissions, and various forms of government support.

"Last mile delivery will be the largest segment in the forecast period by End User"

The increasing use of electric commercial vehicles for last mile delivery of goods from warehouses to end users is expected to boost the electric commercial vehicle market in the near future. Companies are considering the addition of electric commercial vehicles, especially electric vans, and pickup trucks, to their fleets to reduce fuel expenses and mitigate emissions. In September 2019, Amazon announced plans to introduce 1,00,000 electric delivery vans by 2030 in partnership with Rivian. The company plans to roll out the first 10,000 e-vans globally by 2022 and aims to have 10,000 e-vans in India by 2025. In May 2022, Terrago (India) used a fleet of 65 Mahindra Treo Zor cargo vehicles for grocery delivery in major cities in India. Also, In January 2020, UPS ordered 10,000 electric vans from Arrival, a UK EV startup company, for delivery across the US, the UK, and Europe by 2024. The company will have the option to order an additional 10,000 EVs during the period. In August 2020, Flipkart (India) announced plans to convert its entire fleet to electric by 2030. Thus, the most common electric commercial vehicle used in the last mile delivery segment would be electric vans. With companies and governments across the globe encouraging the use of electric vehicles, the electric commercial vehicle industry is expected to grow exponentially in the next decade. Electric commercial vehicles have a major role in last mile delivery with lower emissions, cheaper running costs, and less ongoing maintenance.

"Less than 150 miles segment is expected to be largest in market in the forecast period."

Less than 150 miles segment is expected to be the largest market in the forecast period. Low performance and affordable electric commercial vehicles usually have a range of less than 150 miles. Several OEMs offer electric buses and vans with low-cost batteries with a restricted range of 100-150 miles. OEMs have been providing buses and vans for this segment over the years. In January 2021, BYD launched the Type A school bus with a range of 140 miles in the US market. In June 2021, BYD announced the launch of Brazil's first locally made pure electric bus in Campos. The model is 22-meter long, runs on lithium-iron-phosphate batteries, and has a 150 miles range on a single 3-hour charge. In November 2021, Anadolu Isuzu announced a collaboration with Proterra (US) to incorporate the battery technology into its new 12-meter and 18-meter zero-emission Citi VOLT electric bus models would have a driving range starting from 120 miles.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I - 67%, Others - 9%, and OEMs - 24%
  • By Designation: C Level Executives - 33%, Managers - 52%, and Executives - 15%
  • By Region: North America - 22%, Europe - 42% and Asia Pacific - 36%

The electric commercial vehicle market is dominated by established players such as BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherland), and CAF (Spain). The market ranking has been derived by considering ECV sales and a certain percentage of segmental revenue for each of the companies mentioned above. These companies also offer extensive products and solutions for the automotive industry. These companies have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

Research Coverage:

Electric Commercial Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle Type (Bus, Pickup Truck, Truck, Van), Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region. It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric commercial vehicle market and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Product Code: AT 6196

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 MARKET DEFINITION
    • TABLE 1 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY PROPULSION
    • TABLE 2 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY VEHICLE TYPE
    • TABLE 3 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY END USER
    • TABLE 4 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY COMPONENT
    • TABLE 5 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY BATTERY TYPE
    • TABLE 6 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY POWER OUTPUT
    • TABLE 7 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY BATTERY CAPACITY
    • TABLE 8 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY AUTONOMOUS VEHICLE
    • TABLE 9 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY LENGTH OF BUS
    • TABLE 10 ELECTRIC TRUCK MARKET DEFINITION, BY TRUCK PAYLOAD CAPACITY
    • TABLE 11 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, RANGE
    • 1.2.1 INCLUSIONS & EXCLUSIONS
    • TABLE 12 INCLUSIONS & EXCLUSIONS IN THE ELECTRIC COMMERCIAL VEHICLE MARKET
  • 1.3 MARKET SCOPE
    • FIGURE 1 MARKETS COVERED
    • 1.3.1 YEARS CONSIDERED FOR STUDY
  • 1.4 CURRENCY & PRICING
    • TABLE 13 CURRENCY EXCHANGE RATES
  • 1.5 PACKAGE SIZE
  • 1.6 STAKEHOLDERS
  • 1.7 LIMITATIONS
  • 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN
    • FIGURE 3 RESEARCH DESIGN MODEL
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Key secondary sources for electric commercial vehicle market
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Primary interviews - demand and supply sides
      • 2.1.2.2 Key industry insights and Breakdown of Primary Interviews
    • FIGURE 4 KEY INDUSTRY INSIGHTS
    • FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
      • 2.1.2.3 List of primary participants
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    • 2.2.1 BOTTOM-UP APPROACH
    • FIGURE 7 BOTTOM-UP APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
    • 2.2.2 TOP-DOWN APPROACH
    • FIGURE 8 TOP-DOWN APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
    • FIGURE 9 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET ESTIMATION NOTES
    • FIGURE 10 ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY - DEMAND SIDE
  • 2.3 DATA TRIANGULATION
    • FIGURE 11 DATA TRIANGULATION METHODOLOGY
  • 2.4 FACTOR ANALYSIS
    • FIGURE 12 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    • 2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE
  • 2.5 RESEARCH ASSUMPTIONS
  • 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

    • FIGURE 13 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET OVERVIEW
    • FIGURE 14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
    • FIGURE 15 BEVS EXPECTED TO HOLD LARGEST MARKET DURING FORECAST PERIOD (2022-2030)

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC COMMERCIAL VEHICLE MARKET
    • FIGURE 16 INCREASING DEMAND FOR ZERO-EMISSION COMMUTING TO DRIVE MARKET
  • 4.2 ELECTRIC COMMERCIAL VEHICLE MARKET GROWTH RATE, BY REGION
    • FIGURE 17 ASIA PACIFIC PROJECTED TO BE LARGEST MARKET DURING FORECAST PERIOD
  • 4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE
    • FIGURE 18 LITHIUM-IRON-PHOSPHATE SEGMENT TO GROW AT FASTER RATE (2022-2030)
  • 4.4 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY
    • FIGURE 19 ECVS WITH BATTERY CAPACITY OF 50-250 KWH TO DOMINATE MARKET DURING FORECAST PERIOD (2022-2030)
  • 4.5 ELECTRIC BUS MARKET, BY LENGTH OF BUS
    • FIGURE 20 9-14 METERS BUSES TO OCCUPY LARGER MARKET SHARE DURING FORECAST PERIOD (2022-2030)
  • 4.6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION
    • FIGURE 21 FCEVS EXPECTED TO EMERGE FASTER DURING FORECAST PERIOD (2022-2030)
  • 4.7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT
    • FIGURE 22 ECVS WITH POWER OUTPUT OF 100-250 KWH DEMAND EXPECTED TO GROW HIGHER DURING FORECAST PERIOD (2022-2030)
  • 4.8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE
    • FIGURE 23 ABOVE 300 MILES RANGE ECV DEMAND TO HAVE HIGHER DEMAND DURING FORECAST PERIOD (2022-2030)
  • 4.9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE
    • FIGURE 24 PICKUP TRUCKS TO WITNESS RAPID GROWTH DURING FORECAST PERIOD (2022-2030)
  • 4.10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER
    • FIGURE 25 LAST MILE DELIVERY TO BE MOST COMMON APPLICATION OF ECVS DURING FORECAST PERIOD (2022-2030)
  • 4.11 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY
    • FIGURE 26 ECVS WITH TRUCK PAYLOADS OF UP TO 10,000 LBS EXPECTED TO BE HIGHEST-SELLING ECVS DURING FORECAST PERIOD (2022-2030)

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
    • FIGURE 27 ROLE OF STARTUPS IN EV ECOSYSTEM
  • 5.2 MARKET DYNAMICS
    • FIGURE 28 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Reducing prices of EV batteries to increase demand for ECVs
    • FIGURE 29 EV BATTERY PRICING ANALYSIS
      • 5.2.1.2 Rising prices of fossil fuels to raise demand for ECVs
    • FIGURE 30 AVERAGE GLOBAL PETROL PRICES
    • FIGURE 31 COMPARISON OF OPERATING COST OF EVS AND ICE VEHICLES
      • 5.2.1.3 Increasing demand for emission-free commercial vehicles and electric vehicles in logistics industry to drive market demand
    • FIGURE 32 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA
    • TABLE 14 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE
      • 5.2.1.4 Government support for electric commercial vehicles
    • TABLE 15 GOVERNMENT PROGRAMS FOR PROMOTION OF ELECTRIC COMMERCIAL VEHICLE SALES
    • FIGURE 33 ELECTRIFICATION TARGETS BY COUNTRIES
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High development costs to delay ECV launches in market
    • FIGURE 34 AVERAGE COST OF DIESEL VS ELECTRIC BUSES
      • 5.2.2.2 Concerns over battery safety to restrain market development
    • FIGURE 35 BATTERY SAFETY ARCHITECTURE
      • 5.2.2.3 Insufficient EV charging infrastructure to slow ECV adoption
    • FIGURE 36 COUNTRY-WISE COMPARISON OF EV CHARGER DENSITY, 2020
      • 5.2.2.4 Lower vehicle range hampers use for long-distance logistics
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 New revenue pockets in North America and Northern Europe to provide market growth opportunities
      • 5.2.3.2 Development of wireless EV charging technology for on-the-go charging to fuel market
    • FIGURE 37 WORKING OF WIRELESS EV CHARGING
      • 5.2.3.3 Use of EVs for fleets and commercial applications to boost ECV market
    • TABLE 16 MAJOR EV FLEET TARGETS
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Limited battery capacity to challenge market growth
    • TABLE 17 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES
      • 5.2.4.2 Lower availability of lithium for EV batteries to act as hurdle for manufacturers
    • FIGURE 38 LITHIUM-ION DEMAND AND SUPPLY
      • 5.2.4.3 Insufficient global grid infrastructure to limit adoption of electric commercial vehicles
    • FIGURE 39 GRID REQUIREMENT FOR EVS IN GERMANY BY 2030
    • TABLE 18 ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF MARKET DYNAMICS
  • 5.3 PORTER'S FIVE FORCES MODEL ANALYSIS
    • FIGURE 40 ELECTRIC COMMERCIAL VEHICLE MARKET: PORTERS 5 FORCES ANALYSIS
    • TABLE 19 ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF PORTER'S FIVE FORCES
    • 5.3.1 THREAT OF SUBSTITUTES
    • 5.3.2 THREAT OF NEW ENTRANTS
    • 5.3.3 BARGAINING POWER OF BUYERS
    • 5.3.4 BARGAINING POWER OF SUPPLIERS
    • 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.4 UPCOMING ELECTRIC TRUCKS AND PICKUPS
    • TABLE 20 UPCOMING ELECTRIC TRUCKS AND PICKUPS
  • 5.5 ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM
    • FIGURE 41 ELECTRIC COMMERCIAL VEHICLE MARKET: ECOSYSTEM ANALYSIS
    • 5.5.1 EV CHARGING INFRASTRUCTURE PROVIDERS
    • 5.5.2 TIER II SUPPLIERS
    • 5.5.3 TIER I SUPPLIERS
    • 5.5.4 OEMS
    • TABLE 21 ELECTRIC COMMERCIAL VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • 5.6 NOTABLE DEVELOPMENTS IN EV MARKET (2021)
    • FIGURE 42 NOTABLE EVENTS Q1 2021
    • FIGURE 43 NOTABLE EVENTS Q2 2021
    • FIGURE 44 NOTABLE EVENTS Q3 2021
    • FIGURE 45 NOTABLE EVENTS Q4 2021
  • 5.7 SUPPLY CHAIN ANALYSIS
    • FIGURE 46 SUPPLY CHAIN ANALYSIS: ELECTRIC COMMERCIAL VEHICLE MARKET
    • 5.7.1 ELECTRIC CHARGING INFRASTRUCTURE PROVIDERS
    • 5.7.2 TIER II SUPPLIERS
    • 5.7.3 TIER I SUPPLIERS
    • 5.7.4 OEMS
    • 5.7.5 END USERS
    • TABLE 22 ELECTRIC COMMERCIAL VEHICLE MARKET: SUPPLY CHAIN STAKEHOLDERS AND THEIR STRATEGIES
  • 5.8 ELECTRIC COMMERCIAL VEHICLE PRICING ANALYSIS
    • TABLE 23 AVERAGE PRICE OF SELECT ELECTRIC BUS MODELS
    • TABLE 24 AVERAGE PRICE OF SELECT ELECTRIC TRUCK MODELS
    • TABLE 25 AVERAGE PRICE OF SELECT ELECTRIC VAN MODELS
    • TABLE 26 AVERAGE PRICE OF SELECT ELECTRIC PICKUP MODELS
  • 5.9 CASE STUDY
    • 5.9.1 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND
    • 5.9.2 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINA
    • 5.9.3 USER EXPERIENCE OF BATTERY ELECTRIC TRUCKS IN NORWAY
  • 5.10 BUYING CRITERIA
    • 5.10.1 KEY STAKEHOLDERS & BUYING CRITERIA
    • 5.10.2 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 47 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 VEHICLE TYPE
    • TABLE 27 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 ELECTRIC COMMERCIAL VEHICLES (%)
    • 5.10.3 BUYING CRITERIA
    • FIGURE 48 KEY BUYING CRITERIA FOR TOP 2 VEHICLE TYPE
    • TABLE 28 KEY BUYING CRITERIA FOR TOP 2 ELECTRIC COMMERCIAL VEHICLE PRODUCTS
  • 5.11 TECHNOLOGY ANALYSIS
    • 5.11.1 INNOVATIVE CHARGING SOLUTIONS
      • 5.11.1.1 Off-board top-down pantograph charging system
      • 5.11.1.2 On-board bottom-up pantograph charging system
      • 5.11.1.3 Ground-based static/dynamic wireless charging system
    • 5.11.2 PACKAGED FUEL CELL SYSTEM MODULE
    • FIGURE 49 NEW PACKAGED FUEL CELL SYSTEM MODULE BY TOYOTA
    • 5.11.3 METHANE FUEL CELLS
  • 5.12 PATENT ANALYSIS
    • 5.12.1 INTRODUCTION
    • FIGURE 50 PUBLICATION TRENDS (2012-2021)
    • 5.12.2 PATENTS PUBLISHED BY MAJOR COMPANIES IN ECV ECOSYSTEM
    • FIGURE 51 ELECTRIC COMMERCIAL VEHICLE PATENTS, TREND ANALYSIS (2012-2021)
    • TABLE 29 IMPORTANT PATENT REGISTRATIONS RELATED TO ELECTRIC COMMERCIAL VEHICLE MARKET
  • 5.13 TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET
    • FIGURE 52 TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET
  • 5.14 REGULATORY OVERVIEW
    • 5.14.1 NETHERLANDS
    • TABLE 30 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES
    • TABLE 31 NETHERLANDS: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
    • 5.14.2 GERMANY
    • TABLE 32 GERMANY: ELECTRIC VEHICLE INCENTIVES
    • TABLE 33 GERMANY: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
    • 5.14.3 FRANCE
    • TABLE 34 FRANCE: ELECTRIC VEHICLE INCENTIVES
    • TABLE 35 FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
    • 5.14.4 UK
    • TABLE 36 UK: ELECTRIC VEHICLE INCENTIVES
    • TABLE 37 UK: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
    • 5.14.5 CHINA
    • TABLE 38 CHINA: ELECTRIC VEHICLE INCENTIVES
    • TABLE 39 CHINA: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
    • 5.14.6 US
    • TABLE 40 US: ELECTRIC VEHICLE INCENTIVES
    • TABLE 41 US: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
    • 5.14.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
    • TABLE 42 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 43 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 44 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.15 KEY CONFERENCE & EVENTS IN 2022-2023
    • TABLE 45 ELECTRIC COMMERCIAL VEHICLE MARKET: DETAILED LIST OF CONFERENCES & EVENTS
  • 5.16 ELECTRIC COMMERCIAL VEHICLE MARKET, MARKET SCENARIOS (2022-2030)
    • FIGURE 53 ELECTRIC COMMERCIAL VEHICLE MARKET: FUTURE TRENDS & SCENARIOS, 2022-2030 (UNITS)
    • 5.16.1 REALISTIC SCENARIO
    • TABLE 46 ELECTRIC COMMERCIAL VEHICLE MARKET: REALISTIC SCENARIO, BY REGION, 2022-2030 (UNITS)
    • 5.16.2 OPTIMISTIC SCENARIO
    • TABLE 47 ELECTRIC COMMERCIAL VEHICLE MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022-2030 (UNITS)
    • 5.16.3 PESSIMISTIC SCENARIO
    • TABLE 48 ELECTRIC COMMERCIAL VEHICLE MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022-2030 (UNITS)

6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY AUTONOMOUS VEHICLE

  • 6.1 INTRODUCTION
  • 6.2 ELECTRIC AUTONOMOUS TRUCK
  • 6.3 ELECTRIC AUTONOMOUS BUS

7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE

  • 7.1 INTRODUCTION
    • FIGURE 54 NMC SEGMENT TO DOMINATE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD
    • TABLE 49 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE, 2018-2021 (UNITS)
    • TABLE 50 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE, 2022-2030 (UNITS)
    • 7.1.1 OPERATIONAL DATA
    • TABLE 51 ELECTRIC COMMERCIAL VEHICLE MODELS, BATTERY TYPE
    • 7.1.2 ASSUMPTIONS
    • TABLE 52 ASSUMPTIONS: BY BATTERY TYPE
    • 7.1.3 RESEARCH METHODOLOGY
  • 7.2 NICKEL-MANGANESE-COBALT
    • 7.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST DEMAND FOR NMC BATTERIES IN ECVS
    • TABLE 53 NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 54 NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 7.3 LITHIUM-IRON-PHOSPHATE
    • 7.3.1 AFFORDABLE PRICES TO DRIVE MARKET FOR LFP BATTERIES
    • TABLE 55 LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 56 LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 7.4 OTHERS
    • 7.4.1 OEMS AND STARTUPS WORKING ON ALTERNATIVE BATTERIES TO BOOST MARKET
    • TABLE 57 OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 58 OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 7.5 SOLID STATE BATTERY
  • 7.6 KEY INDUSTRY INSIGHTS

8 ELECTRIC COMMERCIAL VEHICLES MARKET, BY BATTERY CAPACITY

  • 8.1 INTRODUCTION
    • FIGURE 55 50-250 KWH SEGMENT TO GROW FASTEST DURING FORECAST PERIOD
    • TABLE 59 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2018-2021 (UNITS)
    • TABLE 60 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2022-2030 (UNITS)
    • 8.1.1 OPERATIONAL DATA
    • TABLE 61 ELECTRIC COMMERCIAL VEHICLE MODELS, BY BATTERY CAPACITY
    • 8.1.2 ASSUMPTIONS
    • TABLE 62 ASSUMPTIONS: BY BATTERY CAPACITY
    • 8.1.3 RESEARCH METHODOLOGY
  • 8.2 LESS THAN 50 KWH
    • 8.2.1 GROWING ELECTRIC VAN SALES TO FUEL LESS THAN 50 KWH SEGMENT
    • TABLE 63 LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 64 LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 8.3 50-250 KWH
    • 8.3.1 AFFORDABLE ELECTRIC BUSES AND PICKUP TRUCKS DRIVE 50-250 KWH MARKET IN ASIA PACIFIC
    • TABLE 65 50-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 66 50-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 8.4 ABOVE 250 KWH
    • 8.4.1 LONG BUSES AND HEAVY-DUTY TRUCKS TO LEAD MARKET
    • TABLE 67 ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 68 ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 8.5 KEY INDUSTRY INSIGHTS

9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT

  • 9.1 INTRODUCTION
  • 9.2 BATTERY CELLS AND PACKS
  • 9.3 ONBOARD CHARGER
  • 9.4 MOTOR
  • 9.5 REDUCER
  • 9.6 POWER CONTROL UNIT
  • 9.7 BATTERY MANAGEMENT SYSTEM
  • 9.8 FUEL CELL STACK
  • 9.9 FUEL PROCESSOR
  • 9.10 POWER CONDITIONER
  • 9.11 AIR COMPRESSOR
  • 9.12 HUMIDIFIER

10 ELECTRIC BUS MARKET, BY LENGTH OF BUS

  • 10.1 INTRODUCTION
    • FIGURE 56 9-14 M SEGMENT TO DOMINATE ELECTRIC BUS MARKET IN FORECAST PERIOD
    • TABLE 69 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2018-2021 (UNITS)
    • TABLE 70 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2022-2030 (UNITS)
    • 10.1.1 OPERATIONAL DATA
    • TABLE 71 ELECTRIC BUS MODELS, BY LENGTH OF BUS
    • 10.1.2 ASSUMPTIONS: LENGTH OF BUS
    • 10.1.3 RESEARCH METHODOLOGY
  • 10.2 LESS THAN 9M
    • 10.2.1 HIGH DEMAND FOR ELECTRIC BUSES ON NARROW ROADS TO INCREASE DEMAND
    • TABLE 72 LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 73 LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS)
  • 10.3 9-14M
    • 10.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT
    • TABLE 74 9-14 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 75 9-14 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS)
  • 10.4 ABOVE 14 M
    • 10.4.1 GROWING DEMAND FOR INTERCITY PUBLIC TRANSPORT IN HIGHLY POPULATED COUNTRIES TO IMPACT ABOVE 14 M BUS SALES
    • TABLE 76 ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 77 ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS)
  • 10.5 KEY INDUSTRY INSIGHTS

11 ELECTRIC COMMERCIAL VEHICLES MARKET, BY PROPULSION

  • 11.1 INTRODUCTION
    • FIGURE 57 BEV SEGMENT TO DRIVE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD
    • TABLE 78 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION, 2018-2021 (UNITS)
    • TABLE 79 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION, 2022-2030 (UNITS)
    • 11.1.1 OPERATIONAL DATA
    • TABLE 80 ELECTRIC COMMERCIAL VEHICLE MODELS, BY PROPULSION TYPE
    • 11.1.2 ASSUMPTIONS
    • TABLE 81 ASSUMPTIONS: BY PROPULSION
    • 11.1.3 RESEARCH METHODOLOGY
  • 11.2 BATTERY ELECTRIC VEHICLE (BEV)
    • 11.2.1 BEV SEGMENT TO INFLUENCE ECV MARKET DUE TO HIGH BEV BUS AND VAN SALES
    • TABLE 82 BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 83 BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 11.3 FUEL CELL ELECTRIC VEHICLE (FCEV)
    • 11.3.1 FCEV VANS TO START SELLING FROM AROUND 2023
    • TABLE 84 FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 85 FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 11.4 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
    • 11.4.1 ASIA PACIFIC PROJECTED TO BE LARGEST PHEV MARKET
    • TABLE 86 PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 87 PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 11.5 KEY INDUSTRY INSIGHTS

12 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT

  • 12.1 INTRODUCTION
    • FIGURE 58 LESS THAN 100 KW SEGMENT TO HAVE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD
    • TABLE 88 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT, 2018-2021 (UNITS)
    • TABLE 89 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT, 2022-2030 (UNITS)
    • 12.1.1 OPERATIONAL DATA
    • TABLE 90 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON POWER OUTPUT
    • 12.1.2 ASSUMPTIONS
    • 12.1.3 RESEARCH METHODOLOGY
  • 12.2 LESS THAN 100 KW
    • 12.2.1 USE OF SMALL ELECTRIC VANS FOR SHIPPING BY LOGISTICS COMPANIES IN EUROPE
    • TABLE 91 LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 92 LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 12.3 100-250 KW
    • 12.3.1 DEVELOPMENT OF BEST-IN-CLASS PICKUP TRUCKS TO LEAD MARKET FOR 100-250 KW POWER OUTPUT
    • TABLE 93 100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 94 100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 12.4 ABOVE 250 KW
    • 12.4.1 UPCOMING MARKET FOR BEST-IN-CLASS ELECTRIC PICKUPS AND BUSES
    • TABLE 95 ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 96 ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 12.5 KEY INDUSTRY INSIGHTS

13 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE

  • 13.1 INTRODUCTION
    • FIGURE 59 LESS THAN 150 MILES SEGMENT TO ACQUIRE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD
    • TABLE 97 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE, 2018-2021 (UNITS)
    • TABLE 98 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE, 2022-2030 (UNITS)
    • 13.1.1 OPERATIONAL DATA
    • TABLE 99 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON RANGE
    • 13.1.2 ASSUMPTIONS
    • 13.1.3 RESEARCH METHODOLOGY
  • 13.2 LESS THAN 150 MILES
    • 13.2.1 AFFORDABLE ELECTRIC VANS TO DRIVE LESS THAN 150 MILES SEGMENT
    • TABLE 100 LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 101 LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 13.3 150-300 MILES
    • 13.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES TO BOOST 150-300 MILES ELECTRIC CV MARKET
    • TABLE 102 150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 103 150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 13.4 ABOVE 300 MILES
    • 13.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE ABOVE 300 MILES SEGMENT
    • TABLE 104 ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 105 ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS)
  • 13.5 KEY INDUSTRY INSIGHTS

14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE

  • 14.1 INTRODUCTION
    • FIGURE 60 ELECTRIC VAN SEGMENT TO BE LARGEST MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • TABLE 106 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 107 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.1.1 OPERATIONAL DATA
    • TABLE 108 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON VEHICLE TYPE
    • 14.1.2 ASSUMPTIONS
    • 14.1.3 RESEARCH METHODOLOGY
  • 14.2 ELECTRIC BUS
    • 14.2.1 ELECTRIC BUS DEMAND TO GROW WITH DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT
    • TABLE 109 ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 110 ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS)
  • 14.3 ELECTRIC PICKUP TRUCK
    • 14.3.1 ELECTRIC PICKUP SALES TO GROW WITH BEST-IN-CLASS ELECTRIC PICKUPS FRO OEMS
    • TABLE 111 ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 112 ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2022-2030 (UNITS)
  • 14.4 ELECTRIC TRUCK
    • 14.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST ELECTRIC TRUCK MARKET
    • TABLE 113 ELECTRIC TRUCK MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 114 ELECTRIC TRUCK MARKET, BY REGION, 2022-2030 (UNITS)
    • 14.4.2 MEDIUM-DUTY AND HEAVY-DUTY TRUCKS
  • 14.5 ELECTRIC VAN
    • 14.5.1 INCREASING DEMAND FROM LOGISTICS PROVIDERS TO DRIVE ELECTRIC VAN MARKET
    • TABLE 115 ELECTRIC VAN MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 116 ELECTRIC VAN MARKET, BY REGION, 2022-2030 (UNITS)
  • 14.6 KEY INDUSTRY INSIGHTS

15 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER

  • 15.1 INTRODUCTION
    • FIGURE 61 HIGHER ADOPTION OF ELECTRIC COMMERCIAL VEHICLES FOR LAST MILE DELIVERY SERVICES TO LEAD MARKET
    • TABLE 117 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER, 2018-2021 (UNITS)
    • TABLE 118 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER, 2022-2030 (UNITS)
    • 15.1.1 OPERATIONAL DATA
    • TABLE 119 END USER BY VEHICLE TYPE
    • 15.1.2 ASSUMPTIONS
    • 15.1.3 RESEARCH METHODOLOGY
  • 15.2 LAST MILE DELIVERY
  • 15.3 FIELD SERVICES
  • 15.4 DISTRIBUTION SERVICE
  • 15.5 LONG HAUL TRANSPORTATION
  • 15.6 REFUSE SERVICE
  • 15.7 KEY INDUSTRY INSIGHTS

16 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY

  • 16.1 INTRODUCTION
    • FIGURE 62 HIGHER ADOPTION OF PICKUP TRUCKS TO COMMAND HIGHER DEMAND IN UP TO 10,000 LBS SEGMENT
    • TABLE 120 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY, 2018-2021 (UNITS)
    • TABLE 121 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY, 2022-2030 (UNITS)
    • 16.1.1 OPERATIONAL DATA
    • TABLE 122 ELECTRIC TRUCK DATA BASED ON PAYLOAD CAPACITY
    • 16.1.2 ASSUMPTIONS
    • 16.1.3 RESEARCH METHODOLOGY
  • 16.2 UPTO 10,000 LBS
  • 16.3 10,001- 26,000 LBS
  • 16.4 26,001 LBS AND ABOVE
  • 16.5 KEY INDUSTRY INSIGHTS

17 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION

  • 17.1 INTRODUCTION
    • FIGURE 63 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (UNITS)
    • TABLE 123 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2018-2021 (UNITS)
    • TABLE 124 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (UNITS)
  • 17.2 ASIA PACIFIC
    • FIGURE 64 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT
    • TABLE 125 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS)
    • TABLE 126 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS)
    • 17.2.1 CHINA
      • 17.2.1.1 Electric buses to dominate Chinese market
    • TABLE 127 CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 128 CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.2.2 JAPAN
      • 17.2.2.1 Renowned OEMs to manufacture advanced electric vans in Japan to speed up ECV adoption
    • TABLE 129 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 130 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.2.3 INDIA
      • 17.2.3.1 Indian electric commercial vehicle market to witness rapid growth
    • FIGURE 65 REGULATIONS AND POSSIBLE IMPACT FOR ECVS IN INDIA
    • FIGURE 66 INCENTIVE AND REGULATORY LANDSCAPE FOR EVS IN INDIA
    • TABLE 131 INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 132 INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.2.4 SOUTH KOREA
      • 17.2.4.1 Explosive growth in demand for electric pickups to lead ECV market in South Korea
    • FIGURE 67 NEW EV INCENTIVE BUDGET IN SOUTH KOREA
    • TABLE 133 SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 134 SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
  • 17.3 EUROPE
    • FIGURE 68 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS)
    • TABLE 135 EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS)
    • TABLE 136 EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS)
    • 17.3.1 FRANCE
      • 17.3.1.1 Electric van segment to dominate French ECV Market
    • TABLE 137 FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 138 FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.2 GERMANY
      • 17.3.2.1 Setup of charging corridors to boost ECV demand in Germany
    • FIGURE 69 E-HIGHWAY PROJECT IN GERMANY DEVELOPED BY SIEMENS
    • TABLE 139 GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 140 GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.3 SPAIN
      • 17.3.3.1 Government focus on replacing existing bus and van fleets expected to positively impact ECV market in Spain
    • TABLE 141 SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 142 SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.4 AUSTRIA
      • 17.3.4.1 Government incentives to push ECV market in Austria
    • TABLE 143 AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 144 AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.5 NORWAY
      • 17.3.5.1 Logistics and fleet providers to raise demand in ECV market in Norway
    • TABLE 145 NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 146 NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.6 SWEDEN
      • 17.3.6.1 Presence of market-leading OEMs and startups to propel electric commercial vehicle market in Sweden
    • TABLE 147 SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 148 SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.7 SWITZERLAND
      • 17.3.7.1 Swiss ECV market to grow at fast rate with minimal tax policy for EV imports
    • TABLE 149 SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 150 SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.8 NETHERLANDS
      • 17.3.8.1 ECV manufacturing OEMs and attractive government to positively influence ECV market in Netherlands
    • TABLE 151 NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 152 NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.9 BELGIUM
      • 17.3.9.1 Higher electric bus and van adoption to speed up market growth in Belgium
    • TABLE 153 BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 154 BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.10 UK
      • 17.3.10.1 Government electrification roadmap to pace shift to electric for commercial vehicles
    • FIGURE 70 UK EV ROADMAP
    • TABLE 155 UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 156 UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.11 ITALY
      • 17.3.11.1 Government incentives to generate higher demand for electric commercial vehicle market in Italy
    • TABLE 157 ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 158 ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.12 DENMARK
      • 17.3.12.1 Favorable government regulations to expand electric commercial vehicle market in Denmark
    • TABLE 159 DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 160 DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.13 PORTUGAL
      • 17.3.13.1 Electric vans sales to lead electric commercial vehicle market in Portugal
    • TABLE 161 PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 162 PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.3.14 IRELAND
      • 17.3.14.1 Favorable policies to support growth of electric commercial vehicle market
    • TABLE 163 IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 164 IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
  • 17.4 NORTH AMERICA
    • FIGURE 71 NORTH AMERICA EV BATTERY INITIATIVES
    • FIGURE 72 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT
    • TABLE 165 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS)
    • TABLE 166 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS)
    • 17.4.1 US
      • 17.4.1.1 Electric pick-up truck segment to accelerate electric commercial vehicle market in US
    • TABLE 167 US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 168 US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 17.4.2 CANADA
      • 17.4.2.1 Electric pickup truck segment to dominate electric commercial vehicle market in Canada
    • TABLE 169 CANADA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 170 CANADA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)

18 COMPETITIVE LANDSCAPE

  • 18.1 OVERVIEW
  • 18.2 MARKET SHARE ANALYSIS FOR ELECTRIC COMMERCIAL VEHICLE MARKET
    • TABLE 171 MARKET SHARE ANALYSIS, 2021
    • FIGURE 73 MARKET SHARE ANALYSIS, 2021
  • 18.3 REVENUE ANALYSIS OF TOP 5 COMPANIES
    • FIGURE 74 REVENUE ANALYSIS, 2017-2021
  • 18.4 COMPETITIVE SCENARIO
    • 18.4.1 DEALS, 2019-2022
    • TABLE 172 DEALS, 2019-2022
    • 18.4.2 NEW PRODUCT LAUNCHES, 2019-2022
    • TABLE 173 NEW PRODUCT LAUNCHES, 2019-2022
    • 18.4.3 OTHERS, 2019-2022
    • TABLE 174 EXPANSIONS, 2019-2022
  • 18.5 COMPANY EVALUATION QUADRANT FOR ELECTRIC COMMERCIAL VEHICLE MARKET
    • 18.5.1 STARS
    • 18.5.2 EMERGING LEADERS
    • 18.5.3 PERVASIVE
    • 18.5.4 EMERGING COMPANIES
    • FIGURE 75 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY EVALUATION QUADRANT, 2021
    • TABLE 175 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY FOOTPRINT, 2022
    • TABLE 176 ELECTRIC COMMERCIAL VEHICLE MARKET: PRODUCT FOOTPRINT, 2021
    • TABLE 177 ELECTRIC COMMERCIAL VEHICLE MARKET: REGIONAL FOOTPRINT, 2022
  • 18.6 COMPETITIVE EVALUATION QUADRANT FOR SMES
    • 18.6.1 PROGRESSIVE COMPANIES
    • 18.6.2 RESPONSIVE COMPANIES
    • 18.6.3 DYNAMIC COMPANIES
    • 18.6.4 STARTING BLOCKS
    • FIGURE 76 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPETITIVE LEADERSHIP MAPPING SME, 2021
    • TABLE 178 ELECTRIC COMMERCIAL VEHICLE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
    • TABLE 179 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
  • 18.7 RIGHT TO WIN, 2019-2022
    • TABLE 180 RIGHT TO WIN, 2019-2022

19 COMPANY PROFILES

  • 19.1 KEY PLAYERS

(Business Overview, Products Offered, Recent Developments, and MnM View)**

    • 19.1.1 BYD
    • TABLE 181 BYD: BUSINESS OVERVIEW
    • FIGURE 77 BYD: COMPANY SNAPSHOT
    • FIGURE 78 BYD COMMERCIAL ELECTRIC VEHICLE STRATEGY
    • TABLE 182 BYD: PRODUCTS OFFERED
    • TABLE 183 BYD: NEW PRODUCT DEVELOPMENTS
    • TABLE 184 BYD: DEALS
    • TABLE 185 BYD: OTHERS
    • 19.1.2 YUTONG
    • TABLE 186 YUTONG: BUSINESS OVERVIEW
    • FIGURE 79 YUTONG: COMPANY SNAPSHOT
    • TABLE 187 YUTONG BUS PRODUCTION OUTPUT AND REGIONAL DISTRIBUTION DATA, 2020
    • TABLE 188 YUTONG: PRODUCTS OFFERED
    • TABLE 189 YUTONG: NEW PRODUCT DEVELOPMENTS
    • TABLE 190 YUTONG: DEALS
    • TABLE 191 YUTONG: OTHERS
    • 19.1.3 VDL GROEP
    • TABLE 192 VDL GROEP: BUSINESS OVERVIEW
    • FIGURE 80 VDL GROEP: COMPANY SNAPSHOT
    • FIGURE 81 VDL GROEP: EMPLOYEES BY GEOGRAPHICAL AREA
    • TABLE 193 VDL GROEP: PRODUCTS OFFERED
    • TABLE 194 VDL GROEP: NEW PRODUCT DEVELOPMENTS
    • TABLE 195 VDL GROEP: DEALS
    • 19.1.4 AB VOLVO
    • TABLE 196 AB VOLVO: BUSINESS OVERVIEW
    • FIGURE 82 AB VOLVO: COMPANY SNAPSHOT
    • TABLE 197 REGION-WISE NUMBER OF BUSES DELIVERED ACROSS THE WORLD
    • FIGURE 83 AB VOLVO: TRANSFORMATION TOWARDS CARBON NEUTRALITY
    • TABLE 198 AB VOLVO: PRODUCTS OFFERED
    • TABLE 199 AB VOLVO: NEW PRODUCT DEVELOPMENTS
    • TABLE 200 AB VOLVO: DEALS
    • 19.1.5 CAF
    • TABLE 201 CAF: BUSINESS OVERVIEW
    • FIGURE 84 CAF: COMPANY SNAPSHOT
    • TABLE 202 CAF: PRODUCTS OFFERED
    • TABLE 203 CAF: NEW PRODUCT DEVELOPMENTS
    • TABLE 204 CAF: DEALS
    • 19.1.6 PROTERRA
    • TABLE 205 PROTERRA: BUSINESS OVERVIEW
    • FIGURE 85 PROTERRA: COMPANY SNAPSHOT
    • TABLE 206 PROTERRA: PRODUCTS OFFERED
    • TABLE 207 PROTERRA: NEW PRODUCT DEVELOPMENTS
    • TABLE 208 PROTERRA: DEALS
    • TABLE 209 PROTERRA: OTHERS
    • 19.1.7 MERCEDES-BENZ GROUP
    • TABLE 210 MERCEDES-BENZ GROUP: BUSINESS OVERVIEW
    • FIGURE 86 MERCEDES-BENZ GROUP: COMPANY SNAPSHOT
    • FIGURE 87 THE NEW MERCEDES-BENZ GROUP
    • TABLE 211 MERCEDES-BENZ GROUP: PRODUCTS OFFERED
    • TABLE 212 MERCEDES-BENZ GROUP: NEW PRODUCT DEVELOPMENTS
    • TABLE 213 MERCEDES-BENZ GROUP: DEALS
    • TABLE 214 MERCEDES-BENZ GROUP: OTHERS
    • 19.1.8 NFI GROUP
    • TABLE 215 NFI GROUP: BUSINESS OVERVIEW
    • FIGURE 88 NFI GROUP: COMPANY SNAPSHOT
    • TABLE 216 NFI GROUP: PRODUCTS OFFERED
    • TABLE 217 NFI GROUP: NEW PRODUCT DEVELOPMENTS
    • TABLE 218 NFI GROUP: DEALS
    • 19.1.9 EBUSCO
    • TABLE 219 EBUSCO: BUSINESS OVERVIEW
    • TABLE 220 EBUSCO: PRODUCTS OFFERED
    • TABLE 221 EBUSCO: NEW PRODUCT DEVELOPMENTS
    • TABLE 222 EBUSCO: DEALS
    • TABLE 223 EBUSCO: OTHERS
    • 19.1.10 KING LONG
    • TABLE 224 KING LONG: BUSINESS OVERVIEW
    • TABLE 225 KING LONG: PRODUCTS OFFERED
    • TABLE 226 KING LONG: NEW PRODUCT DEVELOPMENTS
    • TABLE 227 KING LONG: DEALS
    • 19.1.11 ANKAI
    • TABLE 228 ANKAI: BUSINESS OVERVIEW
    • TABLE 229 ANKAI: PRODUCTS OFFERED
    • TABLE 230 ANKAI: NEW PRODUCT DEVELOPMENTS
    • TABLE 231 ANKAI: DEALS
    • 19.1.12 ZHONGTONG BUS HOLDING
    • TABLE 232 ZHONGTONG BUS HOLDING: BUSINESS OVERVIEW
    • TABLE 233 ZHONGTONG BUS HOLDING: PRODUCTS OFFERED
    • TABLE 234 ZHONGTONG BUS HOLDING: DEALS
  • * Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
  • 19.2 OTHER KEY PLAYERS
    • 19.2.1 BLUE BIRD CORPORATION
    • 19.2.2 RIVIAN
    • 19.2.3 THE LION ELECTRIC COMPANY
    • 19.2.4 TATA MOTORS
    • 19.2.5 ASHOK LEYLAND
    • 19.2.6 CHANGSHA SUNDA NEW ENERGY TECHNOLOGY CO. LTD.
    • 19.2.7 OLECTRA GREENTECH
    • 19.2.8 YINLONG ENERGY
    • 19.2.9 GOLDEN DRAGON
    • 19.2.10 JBM AUTO LIMITED
    • 19.2.11 SCANIA
    • 19.2.12 IRIZAR
    • 19.2.13 IVECO
    • 19.2.14 SKODA
    • 19.2.15 CHARIOT MOTORS
    • 19.2.16 OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S
    • 19.2.17 TEMSA
    • 19.2.18 KARSAN
    • 19.2.19 ZENITH MOTORS
    • 19.2.20 WORKHORSE GROUP

20 RECOMMENDATIONS BY MARKETSANDMARKETS

  • 20.1 ASIA PACIFIC TO BE KEY FOCUS AREA FOR ELECTRIC COMMERCIAL VEHICLE MARKET
  • 20.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR ELECTRIC COMMERCIAL VEHICLES
  • 20.3 ELECTRIC VANS TO REMAIN DOMINANT SEGMENT
  • 20.4 ELECTRIC PICKUPS TO HAVE FAST-GROWING DEMAND
  • 20.5 CONCLUSION

21 APPENDIX

  • 21.1 KEY INSIGHTS OF INDUSTRY EXPERTS
  • 21.2 DISCUSSION GUIDE
  • 21.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 21.4 AVAILABLE CUSTOMIZATIONS
  • 21.5 RELATED REPORTS
  • 21.6 AUTHOR DETAILS