Electric Light Commercial Vehicle Research Report Forecast to 2030

Global Electric Light Commercial Vehicle is projected to register a CAGR of 24.9% during the review period. The Electric Light Commercial Vehicle Market is growing because of the development of the auto sector and the online business industry.

State run administrations all over the planet are advancing automaker makers for lessening fossil fuel byproducts brought about by diesel fuel ignition as well as handling ozone harming substance emanations, thus forcing the legislatures to put resources into creating EVs. For this, administration is giving motivators and plans to create (BEV), which subsequently is expected to impel the development of the electric base Electric light commercial vehicle market. Besides, legislatures all over the planet are empowering the acquisition of electric portability, regarding motivating forces and duty. Furthermore, focal states of different nations are giving various exclusions from the roadway cost charge for EVs. For instance, for quicker reception of EVs, the public authority of India plans for bringing down the products and administration charge on EVs from 12% to 5%.

Market Segmentation

Vans and pickup trucks are included in the market segmentation of electric light commercial vehicles based on vehicle type. The market is separated into lithium-ion batteries, lead-acid batteries, nickel-metal hybrid batteries, and other battery types based on the type of battery.

According to battery capacity, the market is divided into three segments in the electric light commercial vehicle research: less than 50 kWh, 50-250 kWh, and above 250 kWh. The market is divided into three segments based on load capacity: less than 1 ton, 1-2 tons, and 2-3.5 tons.

The market is divided into less than left-hand drive and right-hand drive segments based on driving configuration. The market is divided into end-use categories such as facility management, last-mile delivery, industrial, agricultural, and other categories.

Regional Analysis

Asia Pacific represented the biggest portion of income in 2022. there are a few elements driving the development of the eLCV market in the Asia Pacific region. For instance, significant metropolitan urban communities in the region are confronting extreme air contamination issues, which has prompted expanded interest for electric vehicles as a method for lessening outflows. Furthermore, the expense of electric vehicle innovation has been diminishing, making eLCVs more affordable for organizations.

The Africa region is supposed to have the biggest market CAGR in the electric light business vehicle market. African state-run administrations have carried out approaches and guidelines to support the reception of electric vehicles. For instance, the South African government has presented charge motivations and different measures to help the development of the electric vehicle market.

Major Players

Key Companies in the Electric Light Commercial Vehicle Market include Ashok Leyland, BAIC Group Co., Ltd., BYD Company Limited, Daimler AG, FCA US LLC. (RAM), Ford Motor Company, General Motors, Groupe Renault, Isuzu Motors Limited, Mahindra & Mahindra, Groupil, Addax Motors, Cenntro Electric Group Limited's, Piaggio & C. SpA, LCV CENTRE LTD. (MAXUS), Alke, ARI Motors, Etesia, Nextem, DFSK, MUP, Esagone, Ligier, Great Wall Motor, B-On, L City, and Club Car.

Product Code: MRFR/AM/10657-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 24

1.1 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY VEHICLE TYPE 26
1.2 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY BATTERY TYPE 27
1.3 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY BATTERY CAPACITY 28
1.4 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY LOAD CAPACITY 29
1.5 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY DRIVING CONFIGURATION 30
1.6 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET , BY END-USE 31

2 MARKET INTRODUCTION 32

2.1 DEFINITION 32
2.2 SCOPE OF THE STUDY 32
2.3 RESEARCH OBJECTIVE 32
2.4 MARKET STRUCTURE 33

3 RESEARCH METHODOLOGY 34

3.1 RESEARCH PROCESS 34
3.2 PRIMARY RESEARCH 35
3.3 SECONDARY RESEARCH 36
3.4 MARKET SIZE ESTIMATION 37
3.5 FORECAST MODEL 38
3.6 LIST OF ASSUMPTIONS 39

4 MARKET DYNAMICS 40

4.1 INTRODUCTION 40
4.2 DRIVERS 41
- 4.2.1 GROWTH OF THE AUTOMOTIVE SECTOR 41
- 4.2.2 GROWING E-COMMERCE INDUSTRY 41
- 4.2.3 DRIVER IMPACT ANALYSIS 41
4.3 RESTRAINT 42
- 4.3.1 HIGH COST OF INVESTMENT 42
- 4.3.2 RESTRAINT IMPACT ANALYSIS 42
4.4 OPPORTUNITY 43
- 4.4.1 RISE IN GOVERNMENT PROGRAMS TO PROMOTE E-MOBILITY 43
4.5 IMPACT ANALYSIS OF COVID-19 43
- 4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 43
  - 4.5.1.1 ECONOMIC IMPACT 43
- 4.5.2 IMPACT ON ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET 44
- 4.5.3 IMPACT ON MARKET DEMAND OF ELECTRIC LIGHT COMMERCIAL VEHICLE 44
  - 4.5.3.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN 44

5 MARKET FACTOR ANALYSIS 45

5.1 PORTER'S FIVE FORCES MODEL 45
- 5.1.1 THREAT OF NEW ENTRANTS 46
- 5.1.2 BARGAINING POWER OF SUPPLIERS 46
- 5.1.3 THREAT OF SUBSTITUTES 46
- 5.1.4 BARGAINING POWER OF BUYERS 46
- 5.1.5 INTENSITY OF RIVALRY 47
5.2 SUPPLY CHAIN ANALYSIS 47
- 5.2.1 DESIGN & DEVELOPMENT 48
- 5.2.2 RAW MATERIAL SUPPLY 48
- 5.2.3 MANUFACTURE 48
- 5.2.4 DISTRIBUTION 48
- 5.2.5 END USE 48

6 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE 49

6.1 OVERVIEW 49
6.2 VANS 51
6.3 PICKUPS 51

7 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE 53

7.1 OVERVIEW 53
7.2 LITHIUM-ION BATTERIES 54
7.3 LEAD-ACID BATTERIES 54
7.4 NICKLE-METAL HYBRID BATTERIES 54
7.5 OTHERS 55

8 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY 56

8.1 OVERVIEW 56
8.2 LESS THAN 50 KWH 57
8.3 50 - 250 KWH 57
8.4 ABOVE 250 KWH 58

9 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY LOAD CAPACITY 59

9.1 OVERVIEW 59
9.2 LESS THAN 1 TONNE 60
9.3 1 - 2 TONNE 60
9.4 2 - 3.5 TONNE 60

10 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY DRIVING

CONFIGURATION 62

10.1 OVERVIEW 62
10.2 RIGHT-HAND DRIVE 63
10.3 LEFT-HAND DRIVE 63

11 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY END-USE 65

11.1 OVERVIEW 65
11.2 FACILITY MANAGEMENT 66
11.3 LAST MILE DELIVERY 66
11.4 INDUSTRIAL 66
11.5 AGRICULTURAL 68
11.6 OTHERS 68

12 GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET, BY REGION 69

12.1 OVERVIEW 69
12.2 NORTH AMERICA 71
- 12.2.1 US 74
- 12.2.2 CANADA 76
- 12.2.3 MEXICO 78
12.3 EUROPE 81
- 12.3.1 UK 84
- 12.3.2 FRANCE 86
- 12.3.3 ITALY 88
- 12.3.4 SPAIN 90
- 12.3.5 GERMANY 92
- 12.3.6 POLAND 94
- 12.3.7 SWEDEN 96
- 12.3.8 NORWAY 98
- 12.3.9 DENMARK 100
- 12.3.10 NETHERLANDS 102
- 12.3.11 FINLAND 104
- 12.3.12 RUSSIA 106
- 12.3.13 REST OF EUROPE 108
12.4 ASIA-PACIFIC 111
- 12.4.1 CHINA 114
- 12.4.2 INDIA 116
- 12.4.3 JAPAN 118
- 12.4.4 SOUTH KOREA 120
- 12.4.5 AUSTRALIA 122
- 12.4.6 SINGAPORE 124
- 12.4.7 THAILAND 126
- 12.4.8 INDONESIA 128
- 12.4.9 REST OF ASIA-PACIFIC 130
12.5 MIDDLE EAST 133
12.6 AFRICA 135
12.7 LATIN AMERICA 137

13 COMPETITIVE LANDSCAPE 140

13.1 COMPETITIVE OVERVIEW 140
13.2 COMPETITIVE DASHBOARD 141
13.3 MARKET SHARE ANALYSIS 143
13.4 KEY DEVELOPMENTS IN THE GLOBAL ELECTRIC LIGHT COMMERCIAL VEHICLE MARKET 143
- 13.4.1 KEY DEVELOPMENTS: CONTRACTS & AGREEMENTS 143
- 13.4.2 KEY DEVELOPMENTS: PARTNERSHIPS & COLLABORATIONS 144
- 13.4.3 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS/LAUNCHES 146

14 COMPANY PROFILES 147

14.1 ASHOK LEYLAND 147
- 14.1.1 COMPANY OVERVIEW 147
- 14.1.2 FINANCIAL OVERVIEW 148
- 14.1.3 PRODUCTS OFFERED 149
- 14.1.4 KEY DEVELOPMENTS 149
- 14.1.5 SWOT ANALYSIS 150
- 14.1.6 KEY STRATEGIES 150
14.2 BAIC GROUP CO., LTD. 151
- 14.2.1 COMPANY OVERVIEW 151
- 14.2.2 FINANCIAL OVERVIEW 151
- 14.2.3 PRODUCTS OFFERED 152
- 14.2.4 KEY DEVELOPMENTS 152
- 14.2.5 SWOT ANALYSIS 152
- 14.2.6 KEY STRATEGIES 153
14.3 BYD MOTORS INC. 154
- 14.3.1 COMPANY OVERVIEW 154
- 14.3.2 FINANCIAL OVERVIEW 154
- 14.3.3 PRODUCTS OFFERED 155
- 14.3.4 KEY DEVELOPMENTS 155
- 14.3.5 SWOT ANALYSIS 155
- 14.3.6 KEY STRATEGIES 155
14.4 DAIMLER AG 156
- 14.4.1 COMPANY OVERVIEW 156
- 14.4.2 FINANCIAL OVERVIEW 157
- 14.4.3 PRODUCTS OFFERED 157
- 14.4.4 KEY DEVELOPMENTS 158
- 14.4.5 SWOT ANALYSIS 158
- 14.4.6 KEY STRATEGIES 159
14.5 FCA US LLC. (RAM) 160
- 14.5.1 COMPANY OVERVIEW 160
- 14.5.2 FINANCIAL OVERVIEW 161
- 14.5.3 PRODUCTS OFFERED 161
- 14.5.4 KEY DEVELOPMENTS 162
- 14.5.5 SWOT ANALYSIS 162
- 14.5.6 KEY STRATEGIES 162
14.6 FORD MOTOR COMPANY 163
- 14.6.1 COMPANY OVERVIEW 163
- 14.6.2 FINANCIAL OVERVIEW 164
- 14.6.3 PRODUCTS OFFERED 164
- 14.6.4 KEY DEVELOPMENTS 166
- 14.6.5 SWOT ANALYSIS 166
- 14.6.6 KEY STRATEGIES 166
14.7 GENERAL MOTORS COMPANY 167
- 14.7.1 COMPANY OVERVIEW 167
- 14.7.2 FINANCIAL OVERVIEW 168
- 14.7.3 PRODUCTS OFFERED 169
- 14.7.4 KEY DEVELOPMENTS 169
- 14.7.5 SWOT ANALYSIS 170
- 14.7.6 KEY STRATEGIES 170
14.8 GROUPE RENAULT 171
- 14.8.1 COMPANY OVERVIEW 171
- 14.8.2 FINANCIAL OVERVIEW 171
- 14.8.3 PRODUCTS OFFERED 171
- 14.8.4 KEY DEVELOPMENTS 171
- 14.8.5 SWOT ANALYSIS 172
- 14.8.6 KEY STRATEGIES 172
14.9 ISUZU MOTORS LIMITED 173
- 14.9.1 COMPANY OVERVIEW 173
- 14.9.2 FINANCIAL OVERVIEW 174
- 14.9.3 PRODUCTS OFFERED 174
- 14.9.4 KEY DEVELOPMENTS 175
- 14.9.5 SWOT ANALYSIS 175
- 14.9.6 KEY STRATEGIES 176
14.10 MAHINDRA & MAHINDRA LTD 177
- 14.10.1 COMPANY OVERVIEW 177
- 14.10.2 FINANCIAL OVERWIEV 178
- 14.10.3 PRODUCTS OFFERED 178
- 14.10.4 KEY DEVELOPMENTS 179
- 14.10.5 SWOT ANALYSIS 180
- 14.10.6 KEY STRATEGIES 180
14.11 GROUPIL 181
- 14.11.1 COMPANY OVERVIEW 181
- 14.11.2 FINANCIAL OVERWIEV 181
- 14.11.3 PRODUCTS OFFERED 181
- 14.11.4 KEY DEVELOPMENTS 181
- 14.11.5 SWOT ANALYSIS 182
- 14.11.6 KEY STRATEGIES 182
14.12 ADDAX MOTORS 183
- 14.12.1 COMPANY OVERVIEW 183
- 14.12.2 FINANCIAL OVERWIEV 183
- 14.12.3 PRODUCTS OFFERED 183
- 14.12.4 KEY DEVELOPMENTS 183
- 14.12.5 SWOT ANALYSIS 184
- 14.12.6 KEY STRATEGIES 184
14.13 CENNTRO ELECTRIC GROUP LIMITED 185
- 14.13.1 COMPANY OVERVIEW 185
- 14.13.2 FINANCIAL OVERWIEV 185
- 14.13.3 PRODUCTS OFFERED 186
- 14.13.4 KEY DEVELOPMENTS 186
- 14.13.5 SWOT ANALYSIS 187
- 14.13.6 KEY STRATEGIES 187
14.14 PIAGGIO & C. SPA 188
- 14.14.1 COMPANY OVERVIEW 188
- 14.14.2 FINANCIAL OVERWIEV 189
- 14.14.3 PRODUCTS OFFERED 190
- 14.14.4 KEY DEVELOPMENTS 190
- 14.14.5 SWOT ANALYSIS 191
- 14.14.6 KEY STRATEGIES 191
14.15 LCV CENTRE LTD. (MAXUS) 192
- 14.15.1 COMPANY OVERVIEW 192
- 14.15.2 FINANCIAL OVERWIEV 192
- 14.15.3 PRODUCTS OFFERED 193
- 14.15.4 KEY DEVELOPMENTS 193
- 14.15.5 SWOT ANALYSIS 194
- 14.15.6 KEY STRATEGIES 194
14.16 ALKE 195
- 14.16.1 COMPANY OVERVIEW 195
- 14.16.2 FINANCIAL OVERWIEV 195
- 14.16.3 PRODUCTS OFFERED 195
- 14.16.4 KEY DEVELOPMENTS 196
- 14.16.5 SWOT ANALYSIS 196
- 14.16.6 KEY STRATEGIES 196
14.17 ARI MOTORS 197
- 14.17.1 COMPANY OVERVIEW 197
- 14.17.2 FINANCIAL OVERWIEV 197
- 14.17.3 PRODUCTS OFFERED 197
- 14.17.4 KEY DEVELOPMENTS 198
- 14.17.5 SWOT ANALYSIS 198
- 14.17.6 KEY STRATEGIES 198
14.18 GREAT WALL MOTOR 199
- 14.18.1 COMPANY OVERVIEW 199
- 14.18.2 FINANCIAL OVERVIEW 200
- 14.18.3 PRODUCTS OFFERED 200
- 14.18.4 KEY DEVELOPMENTS 201
- 14.18.5 SWOT ANALYSIS 201
- 14.18.6 KEY STRATEGIES 201
14.19 ETESIA SAS 202
- 14.19.1 COMPANY OVERVIEW 202
- 14.19.2 FINANCIAL OVERVIEW 202
- 14.19.3 PRODUCTS OFFERED 202
- 14.19.4 KEY DEVELOPMENTS 202
- 14.19.5 SWOT ANALYSIS 203
- 14.19.6 KEY STRATEGIES 203
14.20 NEXTEM 204
- 14.20.1 COMPANY OVERVIEW 204
- 14.20.2 FINANCIAL OVERVIEW 204
- 14.20.3 PRODUCTS OFFERED 204
- 14.20.4 KEY DEVELOPMENTS 204
- 14.20.5 SWOT ANALYSIS 205
- 14.20.6 KEY STRATEGIES 205
14.21 CLUB CAR 206
- 14.21.1 COMPANY OVERVIEW 206
- 14.21.2 FINANCIAL OVERVIEW 206
- 14.21.3 PRODUCTS OFFERED 206
- 14.21.4 KEY DEVELOPMENTS 207
- 14.21.5 SWOT ANALYSIS 208
- 14.21.6 KEY STRATEGIES 208
14.22 B-ON 209
- 14.22.1 COMPANY OVERVIEW 209
- 14.22.2 FINANCIAL OVERVIEW 209
- 14.22.3 PRODUCTS OFFERED 209
- 14.22.4 KEY DEVELOPMENTS 210
- 14.22.5 SWOT ANALYSIS 211
- 14.22.6 KEY STRATEGIES 211
14.23 L CITY CARS 212
- 14.23.1 COMPANY OVERVIEW 212
- 14.23.2 FINANCIAL OVERVIEW 212
- 14.23.3 PRODUCTS OFFERED 212
- 14.23.4 KEY DEVELOPMENTS 212
- 14.23.5 SWOT ANALYSIS 213
- 14.23.6 KEY STRATEGIES 213
14.24 MUP TECHNOLOGIES GMBH. 214
- 14.24.1 COMPANY OVERVIEW 214
- 14.24.2 FINANCIAL OVERVIEW 214
- 14.24.3 PRODUCTS OFFERED 214
- 14.24.4 KEY DEVELOPMENTS 214
- 14.24.5 SWOT ANALYSIS 215
- 14.24.6 KEY STRATEGIES 215
14.25 LIGIER 216
- 14.25.1 COMPANY OVERVIEW 216
- 14.25.2 FINANCIAL OVERVIEW 216
- 14.25.3 PRODUCTS OFFERED 216
- 14.25.4 KEY DEVELOPMENTS 216
- 14.25.5 SWOT ANALYSIS 217
- 14.25.6 KEY STRATEGIES 217
14.26 CHONGQING SOKON MOTOR (GROUP) IMP. & EXP. CO., LTD. 218
- 14.26.1 COMPANY OVERVIEW 218
- 14.26.2 FINANCIAL OVERVIEW 218
- 14.26.3 PRODUCTS OFFERED 218
- 14.26.4 KEY DEVELOPMENTS 219
- 14.26.5 SWOT ANALYSIS 219
- 14.26.6 KEY STRATEGIES 219
14.27 ESAGONO ENERGIA S.R.L. 220
- 14.27.1 COMPANY OVERVIEW 220
- 14.27.2 FINANCIAL OVERVIEW 220
- 14.27.3 PRODUCTS OFFERED 220
- 14.27.4 KEY DEVELOPMENTS 221
- 14.27.5 SWOT ANALYSIS 221
- 14.27.6 KEY STRATEGIES 221