Electric Commercial Vehicle Market
Global Electric Commercial Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type (Electric Bus, Electric Truck, Electric Pick-up Truck), By Range (Less than 250 km, 250-500 km, More than 500 km), By Application (Public, Private) Forecast period 2020-2026 Update Available - Forecast 2024-2030
The electric commercial vehicle market is anticipated to showcase a lucrative CAGR of 19.0% during the forecast period. Government purchase of the electric bus for public transportation, development of charging infrastructure, and stringent target to curb carbon emission are the prominent factors that are driving the global electric commercial vehicle market. Moreover, the entrance of a new player in the electric commercial vehicle industry and increasing research and development funding by the well-established automaker is also driving the market growth. These companies are regularly showcasing and launching new commercial vehicles with a higher traveling range and fewer charging time.
The global electric commercial vehicle market is segmented on the basis of vehicle type, range, and application. Based on vehicle type, the market is segmented into electric bus, electric truck (medium and heavy-duty trucks), and electric pick-up trucks. Based on range, the market is segmented into less than 250 km, 250-500 km, and more than 500 km of range. Based on application, the market is segmented into public and private. Based on application, public sector is anticipated to hold the major share in the global market. The rising inclination of governments towards the adoption of green technology in the transportation sector is a key factor towards the high contribution of this market segment.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold the largest market share in the. The presence of stringent government emission regulations in countries such as China, Japan, and India lead to an increase in demand for electric buses and trucks for transportation and logistics in this region. Europe is projected to exhibit considerable growth in the market due to the rising interest of countries towards the adoption of green technologies in automobiles.
BYD Co. Ltd; NFI Group, Inc.; Proterra, Inc; AB Volvo; Tesla Inc., and Daimler AG are the key players operating in the global electric commercial vehicle market. These companies provide electric buses and trucks of different sizes and different seating capacities. These companies are aggressively expanding in the new markets. For instance, in December 2020, Daimler India Commercial Vehicle (DICV) has revealed its plan to launch electric trucks in the Indian market.
Research Methodology
The market study of the global electric commercial vehicle market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Electric Commercial Vehicle Market Research And Analysis By Vehicle Type
- Global Electric Commercial Vehicle Market Research And Analysis By Range
- Global Electric Commercial Vehicle Market Research And Analysis By Application
The Report Covers
- Comprehensive research methodology of the global electric commercial vehicle market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global electric commercial vehicle industry.
- Insights about market determinants that are stimulating the global electric commercial vehicle market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Electric Commercial Vehicle Market by Vehicle Type
5.1.1. Bus
5.1.2. Truck
5.1.3. Pick-up Truck
5.2. Global Electric Commercial Vehicle Market by Range
5.2.1. Less than 250 km
5.2.2. 250-500 km
5.2.3. More than 500 km
5.3. Global Electric Commercial Vehicle Market by Application
5.3.1. Public
5.3.2. Private
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Anhui Ankai Automobile Co. Ltd.
7.2. Arrival Ltd.
7.3. Ashok Leyland Ltd.
7.4. Avass Group of Companies
7.5. BlueBird Corp.
7.6. BYD Co. Ltd.
7.7. Chanje Trucks
7.8. Daimler AG
7.9. Ebusco B.V.
7.10. Ekova Electric A.S.
7.11. Gillig LLC
7.12. GreenPower Motor Co. Inc.
7.13. Hunan CSR Times Electric Vehicle Co., Ltd.
7.14. Iveco S.p.A
7.15. King Long United Automotive Industry, Co. Ltd.
7.16. Nikola Corp.
7.17. NFI Group, Inc.
7.18. Proterra, Inc.
7.19. Rivian, LLC
7.20. Scania AB
7.21. Solaris Bus & Coach S.A.
7.22. Tata Motors, Ltd.
7.23. Tesla Inc.
7.24. VDL Bus & Coaches B.V.
7.25. Volvo AB
7.26. Volkswagen AG
7.27. Yinlong Energy Co Ltd.
7.28. Zhongtong Yutong Group Co. Ltd.
1. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
2. GLOBAL ELECTRIC BUS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL ELECTRIC TRUCK (MEDIUM AND HEAVY-DUTY TRUCKS) MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL ELECTRIC PICK-UP TRUCK MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY RANGE, 2019-2026 ($ MILLION)
6. GLOBAL LESS THAN 250 KM RANGE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL 250-500 KM RANGE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL MORE THAN 500 KM RANGE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
10. GLOBAL PUBLIC ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
11. GLOBAL PRIVATE RANGE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. NORTH AMERICA ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. NORTH AMERICAN ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
14. NORTH AMERICAN ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY RANGE, 2019-2026 ($ MILLION)
15. NORTH AMERICAN ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
16. EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
18. EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY RANGE, 2019-2026 ($ MILLION)
19. EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
20. ASIA-PACIFIC ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY RANGE, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. REST OF THE WORLD ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY RANGE, 2019-2026 ($ MILLION)
26. REST OF THE WORLD ELECTRIC COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
2. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY RANGE, 2019 VS 2026 (%)
3. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL ELECTRIC BUS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL ELECTRIC TRUCK MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL ELECTRIC PICK-UP TRUCK MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL LESS THAN 250 KM RANGE ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL 240-500 KM ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL MORE THAN 500 KM ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL PUBLIC ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL PRIVATE ELECTRIC COMMERCIAL VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. THE US ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
14. CANADA ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
15. UK ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
16. FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
17. GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
18. ITALY ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
19. SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
20. REST OF EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
21. INDIA ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
22. CHINA ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
23. JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
24. REST OF ASIA-PACIFIC ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, 2019-2026 ($ MILLION)
