Electric Commercial Vehicle Market Research Report Forecast 2027

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.

Product Code: MRFR/AM/5456-CR

TABLE OF CONTENTS

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