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Electric Commercial Vehicle Market by Vehicle Type ( Bus, Truck, Pick-Up Truck, Van, Others), End-User(Commercial, Private, Others) and Region - Global Forecast to 2027
Published Date: January 2020
|
Report Code: QYRE-Auto-7U645
Home | Category |Autos & Vehicles
electric commercial vehicle market

Electric Commercial Vehicle Market by Vehicle Type ( Bus, Truck, Pick-Up Truck, Van, Others), End-User(Commercial, Private, Others) and Region - Global Forecast to 2027

Code: QYRE-Auto-7U645
Report
January 2020
147 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Electric Commercial Vehicle Market Statistics 2026

The global Electric Commercial Vehicle market size is projected to reach US$ 178560 million by 2027, from US$ 101270 million in 2020, at a CAGR of 8.3% during 2021-2027. Major factors driving the growth of the Electric Commercial Vehicle Market size are increasing electrification of public transport fleets, stringent government regulations, and advancements in battery pack technologies and electric powertrains.

Electric Commercial Vehicle Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2027

This report focuses on Electric Commercial Vehicle volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Electric Commercial Vehicle market size by analyzing historical data and prospects.

Some of the major drivers of this market are the need for fuel-efficient and emission-free vehicles and the increasing demand for an electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable the electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities. Whereas, oil companies lobbying against EV, limited battery power, and longer charging duration are few challenges for the global market.

Electric Commercial Vehicle Market Size, Share, Trends, Growth, Industry Analysis, Forecast, Report 2027

Increasing demand for emission-free commercial vehicles and the rising adoption of electric vehicles in the logistics industry is expected to drive the growth of the electric commercial vehicle market size. Several governments around the globe have initiated programs, such as the use of electric buses and vans, to make their urban public transit system more sustainable and fuel-efficient. The introduction of electric buses is expected to transform public transit by improving air quality, lowering noise levels, and rising fuel efficiency. The growing stringency of emission standards in many countries has forced manufacturers to implement electrical technology.

This report focuses on Electric Commercial Vehicle volume and value at the global level, regional level and company level. From a global perspective, this report represents an overall Electric Commercial Vehicle market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Electric Commercial Vehicle Market: Segment Analysis

The bus segment is estimated to be the fastest-growing market, in terms of volume, for the electric commercial vehicle, by vehicle, followed by van, pick-up truck, and truck. Various government mandates and individual country targets to phase out fossil fuel-based public transportation system and to replace them with electric buses will help the bus market grow over the forecast period.

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid market growth.

Electric Commercial Vehicle Market: Regional Analysis

North America is expected to hold the largest Electric Commercial Vehicle market share during the forecast period. North America is a fast-growing market for electric commercial vehicles. The area has seen a rise in demand for low-emission and fuel-efficient vehicles due to strict emission standards and the increasing logistics sector. The demand in the US is expected to rise rapidly due to the high acceptance of electric vans and the large order of electric pick-up trucks.

Europe is also expected to see significant growth during the forecast period due to government incentives and the presence of supporting infrastructures, such as free charging stations.

The India Electric Commercial Vehicle market size is projected to reach US$ 560 million by 2026, from US$ 180 million in 2020, at a CAGR of xx% during 2021-2026.

India Electric Commercial Vehicle Market Size, Share, Trends, Growth, Forecast, Report 2026

The research report includes a detailed study of regions of North America, Europe, China, Japan, South Korea and India. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Electric Commercial Vehicle Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Electric Commercial Vehicle Market Segmentation

Electric Commercial Vehicle Market by Type

  • Bus
  • Truck
  • Pick-Up Truck
  • Van
  • Others

Electric Commercial Vehicle Market by Application

  • Commercial
  • Private
  • Others

Scope of the Report:

Report Metric

Details

Report Name

Electric Commercial Vehicle Market

The Market size value in 2020

USD 101270 Million

The Revenue forecast in 2026

USD 178560  Million

Growth Rate

CAGR of 8.3% from 2020 to 2026

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Manufacturers covered

Tesla, Nissan, BYD, Daimler, ProterrA, LG Chem, Samsung, SDi, Panasonic, Delphi, ABB, Continental, Siemens, Mitsubishi Electric, Toshiba, Ballard Power Systems, Hydrogenics, ITM Power, Ceres Power, Plug Power, Nedstack, NuverA, AFCc, Toyota, Honda, Hyundai

Table of Content

 

LIST OF TABLES & FIGURES

Electric Commercial Vehicle Market Statistics 2026

The global Electric Commercial Vehicle market size is projected to reach US$ 178560 million by 2027, from US$ 101270 million in 2020, at a CAGR of 8.3% during 2021-2027. Major factors driving the growth of the Electric Commercial Vehicle Market size are increasing electrification of public transport fleets, stringent government regulations, and advancements in battery pack technologies and electric powertrains.

Electric Commercial Vehicle Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2027

This report focuses on Electric Commercial Vehicle volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Electric Commercial Vehicle market size by analyzing historical data and prospects.

Some of the major drivers of this market are the need for fuel-efficient and emission-free vehicles and the increasing demand for an electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable the electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities. Whereas, oil companies lobbying against EV, limited battery power, and longer charging duration are few challenges for the global market.

Electric Commercial Vehicle Market Size, Share, Trends, Growth, Industry Analysis, Forecast, Report 2027

Increasing demand for emission-free commercial vehicles and the rising adoption of electric vehicles in the logistics industry is expected to drive the growth of the electric commercial vehicle market size. Several governments around the globe have initiated programs, such as the use of electric buses and vans, to make their urban public transit system more sustainable and fuel-efficient. The introduction of electric buses is expected to transform public transit by improving air quality, lowering noise levels, and rising fuel efficiency. The growing stringency of emission standards in many countries has forced manufacturers to implement electrical technology.

This report focuses on Electric Commercial Vehicle volume and value at the global level, regional level and company level. From a global perspective, this report represents an overall Electric Commercial Vehicle market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Electric Commercial Vehicle Market: Segment Analysis

The bus segment is estimated to be the fastest-growing market, in terms of volume, for the electric commercial vehicle, by vehicle, followed by van, pick-up truck, and truck. Various government mandates and individual country targets to phase out fossil fuel-based public transportation system and to replace them with electric buses will help the bus market grow over the forecast period.

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid market growth.

Electric Commercial Vehicle Market: Regional Analysis

North America is expected to hold the largest Electric Commercial Vehicle market share during the forecast period. North America is a fast-growing market for electric commercial vehicles. The area has seen a rise in demand for low-emission and fuel-efficient vehicles due to strict emission standards and the increasing logistics sector. The demand in the US is expected to rise rapidly due to the high acceptance of electric vans and the large order of electric pick-up trucks.

Europe is also expected to see significant growth during the forecast period due to government incentives and the presence of supporting infrastructures, such as free charging stations.

The India Electric Commercial Vehicle market size is projected to reach US$ 560 million by 2026, from US$ 180 million in 2020, at a CAGR of xx% during 2021-2026.

India Electric Commercial Vehicle Market Size, Share, Trends, Growth, Forecast, Report 2026

The research report includes a detailed study of regions of North America, Europe, China, Japan, South Korea and India. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Electric Commercial Vehicle Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Electric Commercial Vehicle Market Segmentation

Electric Commercial Vehicle Market by Type

  • Bus
  • Truck
  • Pick-Up Truck
  • Van
  • Others

Electric Commercial Vehicle Market by Application

  • Commercial
  • Private
  • Others

Scope of the Report:

Report Metric

Details

Report Name

Electric Commercial Vehicle Market

The Market size value in 2020

USD 101270 Million

The Revenue forecast in 2026

USD 178560  Million

Growth Rate

CAGR of 8.3% from 2020 to 2026

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Manufacturers covered

Tesla, Nissan, BYD, Daimler, ProterrA, LG Chem, Samsung, SDi, Panasonic, Delphi, ABB, Continental, Siemens, Mitsubishi Electric, Toshiba, Ballard Power Systems, Hydrogenics, ITM Power, Ceres Power, Plug Power, Nedstack, NuverA, AFCc, Toyota, Honda, Hyundai

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Table of Content

 

Read More

LIST OF TABLES & FIGURES

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