Global Electric Commercial Vehicle Market – Industry Trends and Forecast to 2028

  • Automotive
  • Upcoming Report
  • Dec 2020
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electric Commercial Vehicle Market, By Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicle and Fuel Cell Electric Vehicle), Vehicle (Bus, Trucks, Pick-up Trucks and Van), Range (0-150 Miles, 151-250 Miles, 251-500 Miles, and 500 Miles & Above), Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Electric Commercial Vehicle Market Market Analysis and Insights : Global Electric Commercial Vehicle Market

Electric commercial vehicle market is expected to witness market growth at a rate of 39.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on electric commercial vehicle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

The electric commercial vehicle is an automobile which can be driven by one or more motors operated by electricity. These automobiles are not limited to only roads and rail vehicles but these automobiles are made for surface and underwater vessels, electric aircraft and electric spacecraft.

The rapid adoption of electrification by logistics and supply chain departments of industries which uses electric vehicles for commercial and transporting purposes of goods and services is driving the market growth.

The rising demand for pollution free vehicles among the customers is also boosting the growth of the electric commercial vehicle market. The emission free electric vehicles are in great demand in private as well as in commercial industry and hence, this is the most important growing factor for the growth of the market of electric commercial vehicle market. The reduction in the overall cost of batteries which is another rising factors for the growth of electric commercial vehicle market.

The sudden rise in manufacturing cost of batteries disturbs the market which is the restraining factor in the growth of the electric commercial vehicle market.

As the electric vehicles are in great demand in private as well as commercial industry, charging stations for such batteries is not available in the market and hence this is the major restraining factor in the growth of the electric commercial vehicle market.

This electric commercial vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research electric commercial vehicle market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Electric Commercial Vehicle Market Scope and Market Size

Electric commercial vehicle market is segmented on the basis of propulsion, vehicle, range and component. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • Electric commercial vehicle market on the basis of propulsion has been segmented as battery electric vehicle, hybrid electric vehicle and plug-in hybrid electric vehicle and fuel cell electric vehicle.
  • Based on vehicle, the electric commercial vehicle market has been segmented into bus, trucks, pick-up trucks and van. Electric van segment is anticipated to grow with highest CAGR due to more demand of electric vans in logistics sector. The growth of e-commerce market and logistics market is likely to drive the market for electric van segment in the forecast period as it decreases the transportation cost.
  • On the basis of range, the electric commercial vehicle market has been segmented into 0-150 miles, 151-250 miles, 251-500 miles, and 500 miles & above.
  • On the basis of component, the electric commercial vehicle market has been segmented into electric motor, EV battery and hydrogen fuel cell.

Electric Commercial Vehicle Market Country Level Analysis

Electric commercial vehicle market is analysed and market size, volume information is provided by propulsion, vehicle, range and component as referenced above.

The countries covered in the electric commercial vehicle market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific is holding maximum market share along with it is the fastest growing region due to the government’s commitment for increasing the use of electric buses and commercial transportation vehicles for reducing environmental pollution. The countries such as China and Japan are majorly focusing on this and taking necessary measures to promote electric commercial vehicle such as decreasing vehicles prices and improving efficiency of batteries. Europe is also estimated to be the fastest growing market due to increased adoption rate of electric vans for logistics industry in the region.

The country section of the electric commercial vehicle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Electric Commercial Vehicle Market Share Analysis

Electric commercial vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric commercial vehicle market.

The major players covered in the electric commercial vehicle market report are Hyundai Motor India., Toyota Kirloskar Motor., Nedstack, PLUG POWER INC., Ceres Power Holdings plc, ITM Power Plc, Hydrogenics, Ballard Power Systems., Mitsubishi Electric Corporation., Siemens, Continental AG, ABB, Delphi Technologies, LG Chem, PROTERRA, Daimler AG., NISSAN, Tesla, PIAGGIO & C. S.P.A., MAHINDRA & MAHINDRA LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many prominent players in the market are taking different initiatives in the market so they can enhance their market reach and strengthen their market position.

Customization Available : Global Electric Commercial Vehicle Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions