Product Code: VMR11218787
The global demand for Electric Commercial Vehicle Market is presumed to reach the market size of nearly USD 3892.50 Thousand Units by 2030 from USD 385.82 Thousand Units by 2022 with a CAGR of 33.5% during 2023-2030.
Electric Commercial Vehicle refers to a vehicle which is electrically powered and not dependent on petrol or diesel. Fine examples of commercial electric vehicles include buses, trucks, vans, excavators, wheel loaders, agricultural tractors etc. The benefit of using it is that it does not emit harmful carbon dioxide and does not cause any harm to the environment. Moreover, since it does not use gasoline or diesel, the maintenance cost is low. Furthermore, it is more efficient since it is run by an electric motor. Electrification of commercial vehicles is on the rise, and this trend is likely to stay in the future and will help in better productivity.
MARKET DYNAMICS:
The electric commercial vehicle market looks promising during the forecast period. The growing trend of electric vehicles owing to the increasing activities in the logistics and supply chain sector and strict global emission rules worldwide compelling commercial organizations to electrify their vehicles are things that push forward the market. This also encourages vehicle manufacturers to invest heavily in electric vehicles to reduce carbon emissions caused by fossil fuels. Additionally, the developments in the battery industry with state-of-the-art features also assist the growth. The growing adoption of electric buses compared to diesel buses in the cities because of their efficiency, low maintenance costs, extending life span, and great comfort level will retain the growth in the future. ''
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric commercial vehicle. The growth and trends of Electric Commercial Vehicle Industry provide a holistic approach to this study.
MARKET SEGMENTATION:
This section of the electric commercial vehicle market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Battery Cells & Packs
- On-Board Charge
- Motor
- Reducer
- Fuel Stack
- Power Control Unit
- Battery Management System
- Fuel Processor
- Power Conditioner
- Air Compressor
- Humidifier
By Vehicle Type
- Bus
- Pickup Truck
- Truck
- Van
By Battery Type
- Lithium-Iron-Phosphate (LFP)
- Nickel-Manganese-Cobalt (NMC)
- Solid-State Battery
- Others
By Battery Capacity
- Less Than 50 Kwh
- 50-250 Kwh
- Above 250 Kwh
By Propulsion
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
By End User
- Last Mile Delivery
- Distribution
- Field Services
- Long Haul Transportation
- Refuse Services
By Truck Payload Capacity
- Less Than 10,000 LBS
- 10,001 - 26,000 LBS
- Greater Than 26,001 LBS
By Autonomous Vehicle
- Electric Autonomous Truck
- Electric Autonomous Bus
By Length Of Bus:
- Less Than 9M
- 9-14M
- More Than 14M
REGIONAL ANALYSIS:
This section covers the regional outlook, which accentuates current and future demand for the Electric Commercial Vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric commercial vehicle market include BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherland), and CAF (Spain). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1 . PREFACE
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3 . ELECTRIC COMMERCIAL VEHICLE - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Vehicle Type
- 3.7.3 Market Attractiveness Analysis By Battery Type
- 3.7.4 Market Attractiveness Analysis By Battery Capacity
- 3.7.5 Market Attractiveness Analysis By Propulsion
- 3.7.6 Market Attractiveness Analysis By End User
- 3.7.7 Market Attractiveness Analysis By Truck Payload Capacity
- 3.7.8 Market Attractiveness Analysis By Autonomous Vehicle
- 3.7.9 Market Attractiveness Analysis By Length Of Bus
- 3.7.10 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SALES BY COMPONENT
- 6.1 Overview by Component
- 6.2 Historical and Forecast Sales Data
- 6.3 Analysis by Component
- 6.4 Battery Cells & Packs Historic and Forecast Sales by Regions
- 6.5 On-Board Charge Historic and Forecast Sales by Regions
- 6.6 Motor Historic and Forecast Sales by Regions
- 6.7 Reducer Historic and Forecast Sales by Regions
- 6.8 Fuel Stack Historic and Forecast Sales by Regions
- 6.9 Power Control Unit Historic and Forecast Sales by Regions
- 6.10 Battery Management System Historic and Forecast Sales by Regions
- 6.11 Fuel Processor Historic and Forecast Sales by Regions
- 6.12 Power Conditioner Historic and Forecast Sales by Regions
- 6.13 Air Compressor Historic and Forecast Sales by Regions
- 6.14 Humidifier Historic and Forecast Sales by Regions
7 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY VEHICLE TYPE
- 7.1 Overview by Vehicle Type
- 7.2 Historical and Forecast Sales Data
- 7.3 Analysis by Vehicle Type
- 7.4 Bus Historic and Forecast Sales by Regions
- 7.5 Pickup Truck Historic and Forecast Sales by Regions
- 7.6 Truck Historic and Forecast Sales by Regions
- 7.7 Van Historic and Forecast Sales by Regions
8 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY BATTERY TYPE
- 8.1 Overview by Battery Type
- 8.2 Historical and Forecast Sales Data
- 8.3 Analysis by Battery Type
- 8.4 Lithium-iron-phosphate (LFP) Historic and Forecast Sales by Regions
- 8.5 Nickel-manganese-cobalt (NMC) Historic and Forecast Sales by Regions
- 8.6 Solid-state Battery Historic and Forecast Sales by Regions
- 8.7 Others Historic and Forecast Sales by Regions
9 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY BATTERY CAPACITY
- 9.1 Overview by Battery Capacity
- 9.2 Historical and Forecast Sales Data
- 9.3 Analysis by Battery Capacity
- 9.4 Less Than 50 Kwh Historic and Forecast Sales by Regions
- 9.5 50-250 Kwh Historic and Forecast Sales by Regions
- 9.6 Above 250 Kwh Historic and Forecast Sales by Regions
10 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY PROPULSION
- 10.1 Overview by Propulsion
- 10.2 Historical and Forecast Sales Data
- 10.3 Analysis by Propulsion
- 10.4 Battery Electric Vehicle (BEV) Historic and Forecast Sales by Regions
- 10.5 Fuel Cell Electric Vehicle (FCEV) Historic and Forecast Sales by Regions
- 10.6 Plug-in Hybrid Electric Vehicle (PHEV) Historic and Forecast Sales by Regions
11 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY END USER
- 11.1 Overview by End User
- 11.2 Historical and Forecast Sales Data
- 11.3 Analysis by End User
- 11.4 Last Mile Delivery Historic and Forecast Sales by Regions
- 11.5 Distribution Historic and Forecast Sales by Regions
- 11.6 Field Services Historic and Forecast Sales by Regions
- 11.7 Long Haul Transportation Historic and Forecast Sales by Regions
- 11.8 Refuse Services Historic and Forecast Sales by Regions
12 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY TRUCK PAYLOAD CAPACITY
- 12.1 Overview by Truck Payload Capacity
- 12.2 Historical and Forecast Sales Data
- 12.3 Analysis by Truck Payload Capacity
- 12.4 Less Than 10,000 LBS Historic and Forecast Sales by Regions
- 12.5 10,001 - 26,000 LBS Historic and Forecast Sales by Regions
- 12.6 Greater Than 26,001 LBS Historic and Forecast Sales by Regions
13 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY AUTONOMOUS VEHICLE
- 13.1 Overview by Autonomous Vehicle
- 13.2 Historical and Forecast Sales Data
- 13.3 Analysis by Autonomous Vehicle
- 13.4 Electric Autonomous Truck Historic and Forecast Sales by Regions
- 13.5 Electric Autonomous Bus Historic and Forecast Sales by Regions
14 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET SALES BY LENGTH OF BUS
- 14.1 Overview by Length Of Bus
- 14.2 Historical and Forecast Sales Data
- 14.3 Analysis by Length Of Bus
- 14.4 Less Than 9m Historic and Forecast Sales by Regions
- 14.5 9-14m Historic and Forecast Sales by Regions
- 14.6 More Than 14m Historic and Forecast Sales by Regions
15 . GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET ANALYSIS BY GEOGRAPHY
- 15.1. Regional Outlook
- 15.2. Introduction
- 15.3. North America Sales Analysis
- 15.3.1. Overview, Historic and Forecast Data Sales Analysis
- 15.3.2. North America By Segment Sales Analysis
- 15.3.3. North America By Country Sales Analysis
- 15.3.4. United State Sales Analysis
- 15.3.5. Canada Sales Analysis
- 15.3.6. Mexico Sales Analysis
- 15.4. Europe Sales Analysis
- 15.4.1. Overview, Historic and Forecast Data Sales Analysis
- 15.4.2. Europe by Segment Sales Analysis
- 15.4.3. Europe by Country Sales Analysis
- 15.4.4. United Kingdom Sales Analysis
- 15.4.5. France Sales Analysis
- 15.4.6. Germany Sales Analysis
- 15.4.7. Italy Sales Analysis
- 15.4.8. Russia Sales Analysis
- 15.4.9. Rest Of Europe Sales Analysis
- 15.5. Asia Pacific Sales Analysis
- 15.5.1. Overview, Historic and Forecast Data Sales Analysis
- 15.5.2. Asia Pacific by Segment Sales Analysis
- 15.5.3. Asia Pacific by Country Sales Analysis
- 15.5.4. China Sales Analysis
- 15.5.5. India Sales Analysis
- 15.5.6. Japan Sales Analysis
- 15.5.7. South Korea Sales Analysis
- 15.5.8. Australia Sales Analysis
- 15.5.9. Rest Of Asia Pacific Sales Analysis
- 15.6. Latin America Sales Analysis
- 15.6.1. Overview, Historic and Forecast Data Sales Analysis
- 15.6.2. Latin America by Segment Sales Analysis
- 15.6.3. Latin America by Country Sales Analysis
- 15.6.4. Brazil Sales Analysis
- 15.6.5. Argentina Sales Analysis
- 15.6.6. Peru Sales Analysis
- 15.6.7. Chile Sales Analysis
- 15.6.8. Rest of Latin America Sales Analysis
- 15.7. Middle East & Africa Sales Analysis
- 15.7.1. Overview, Historic and Forecast Data Sales Analysis
- 15.7.2. Middle East & Africa by Segment Sales Analysis
- 15.7.3. Middle East & Africa by Country Sales Analysis
- 15.7.4. Saudi Arabia Sales Analysis
- 15.7.5. UAE Sales Analysis
- 15.7.6. Israel Sales Analysis
- 15.7.7. South Africa Sales Analysis
- 15.7.8. Rest Of Middle East And Africa Sales Analysis
16 . COMPETITIVE LANDSCAPE OF THE ELECTRIC COMMERCIAL VEHICLE COMPANIES
- 16.1. Electric Commercial Vehicle Market Competition
- 16.2. Partnership/Collaboration/Agreement
- 16.3. Merger And Acquisitions
- 16.4. New Product Launch
- 16.5. Other Developments
17 . COMPANY PROFILES OF ELECTRIC COMMERCIAL VEHICLE INDUSTRY
- 17.1. Company Share Analysis
- 17.2. Market Concentration Rate
- 17.3. BYD (China)
- 17.3.1. Company Overview
- 17.3.2. Company Revenue
- 17.3.3. Products
- 17.3.4. Recent Developments
- 17.4. Yutong (China)
- 17.4.1. Company Overview
- 17.4.2. Company Revenue
- 17.4.3. Products
- 17.4.4. Recent Developments
- 17.5. AB Volvo (Sweden)
- 17.5.1. Company Overview
- 17.5.2. Company Revenue
- 17.5.3. Products
- 17.5.4. Recent Developments
- 17.6. VDL Groep (Netherland)
- 17.6.1. Company Overview
- 17.6.2. Company Revenue
- 17.6.3. Products
- 17.6.4. Recent Developments
- 17.7. CAF (Spain)
- 17.7.1. Company Overview
- 17.7.2. Company Revenue
- 17.7.3. Products
- 17.7.4. Recent Developments
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies