Global Electric Commercial Vehicles Market by Propulsion type (BEV, HEV, PHEV, FCEV), by Vehicle type (Bus, Truck, Van, Others), by Component (Motor, Battery, Others) – Industry Analysis, Size, Share, Growth, Trends, and Forecast by 2018-2024.

Global Electric Commercial Vehicles Market by Propulsion type (BEV, HEV, PHEV, FCEV), by Vehicle type (Bus, Truck, Van, Others), by Component (Motor, Battery, Others) – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014-2024.

Published: 10/06/2018

Report Code: BWC1802

Available Format: PDF PDF Icon

Pages: 132

Global Electric Commercial Vehicles Market: Overview

The Electric Commercial Vehicles market report provides analysis for the period 2014 – 2024, wherein the period from 2018 to 2024 is the forecast period and 2017 as base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the estimated period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the period. The market study reveals that the Global Electric Commercial Vehicles market is expected to grow at a CAGR over 13.0% during the forecast period in terms of value. The market is expected to reach over USD 149,316 Million by 2024.

The market overview section of the report demonstrates market dynamics such as trends, drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global electric commercial product.

Global Electric Commercial Vehicles Market: Scope of the Report

The electric commercial vehicle market can be segmented on the basis of propulsion type, vehicle type, component, and region. Based on propulsion type, the global electric commercial vehicle market is further classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles (PHEV) and fuel cell electric vehicle (FCEV). The battery electric vehicle segment dominates the market due to government initiatives to promote green transportation across the globe. Based on electric vehicle type, the global electric commercial vehicle market can be fragmented into bus, truck, vans and others. Based on components, the electric commercial vehicle market can be segmented into motors, electric batteries, and others. On the basis of region, the electric commercial vehicle market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The report also highlights the competitive landscape of the global electric commercial vehicles market, positioning all the major players according to their presence in different regions and recent key developments initiated by them in the industry.

This report provides all the essential information required to understand the key developments in the electric commercial vehicles market, growth trends of each segment and region. It also includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market.

Global Electric Commercial Vehicles Market: Key Findings of the Report

According to BlueWeave Consulting, the key findings of the report “Global Electric Commercial Vehicles Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

  • Global electrical commercial vehicle market is expected to witness significant growth over the next ten years due to population expansion coupled with growing industrial sector in developing economies of Asia Pacific and Latin America. Rising transportation infrastructural spending owing to strong economic growth is anticipated to remain a key driving factor for industry growth over the forecast period
  • Increasing incorporation of telematics & communication capabilities in electrical commercial vehicles is anticipated to boost market growth. Growing food & beverage industry is another key factor driving industry growth over forthcoming years owing to increasing food trucks and refrigerated vehicles demand

Global Electric Commercial Vehicle Market, Revenue Forecast, USD (Million), 2018-2024

Electric Commercial Vehicle Market Graph

Global Electric Commercial Vehicles Market: Market Dynamics

The demand for the commercial electric vehicles is governed by increase in demand for fuel-efficient, high-performance and low-emission vehicles. Moreover, it is also been influenced by  the trend of reduction in vehicular emission due to stringent rules & regulations in several countries and growth of public charging infrastructure in China, France, Norway, and the other developed countries. However, technological advancements in electric vehicles and proactive government initiatives are expected to unfold various opportunities for the growth of the stakeholders of the said market, such as system integrators, vehicle manufacturers, engine manufactures, and component providers. Though electric vehicles have proven to be advantageous over conventional vehicles, the market is not without restraints hindering the growth of the market over the forecast period. Electric vehicles come along with a high price tag which might evoke customer apathy towards this market. Scarcity of charging points within major cities is a massive hurdle in the growth of the global electric vehicles market.

Global Electric Commercial Vehicles Market: Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global electrical commercial vehicles market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Global Electric Commercial Vehicles Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global electric commercial vehicles market. Some of the key players profiled in the report include Daimler, Tesla, BYD, NISSAN, Proterra, Toyota, BYD Company Limited, ZHONGTONGBUS Ltd, ABB group etc.

1.         Preface

            1.1       Market Definition and Scope

            1.2       Market Segmentation

            1.3       Key Research Objectives

2.         Research Methodology

3.         Executive Summary

            3.1       Market Overview

            3.2       Market Outlook

            3.3       Market Absolute $ Opportunity (US$ Mn)

            3.4       Key Players

4.         Market Introduction & Market Dynamics

            4.1       Introduction

            4.2       Market Dynamics

            4.3       Drivers

            4.4       Restraints

            4.5       Value Chain Analysis

            4.6       Taxonomy

            4.7       Research Methodology

5.         Electric Commercial Vehicle Market Development

            5.1       China electric commercial vehicle Sales — 2011–2017

            5.2       Growth in Number of electric commercial vehicles Sales in China in 2017

6.         Global Electric Commercial Vehicle Market

            6.1       Key Trends

             6.2        Market Value in US$  Mn and Volume  in Units    Analysis, 2014-2024

            6.3       Global Market Size, By Propulsion

            6.4       Global Market Volume, By Propulsion

            6.5       Global Market Size, By Vehicle Type

            6.6       Global Market Volume, By Vehicle Type

            6.7       Global Market Size, By Component

            6.8       Global Market Volume, By Component

            6.9       Global Market Size, By Country

            6.10     Global Market Volume, By Country

7.         North America Electric Commercial Vehicle Market

   7.1       North America Electric Commercial Vehicle Market Value in US$  Mn and Volume in Units Analysis, 2014-2024

            7.2       North America Electric Commercial Vehicle Market Y-o-Y Analysis, 2014-2024

            7.3       USA and Canada Electric Commercial Vehicle Market Y-o-Y Analysis, 2014-2024

            7.4       North America Electric Commercial Vehicle Market Size, By Propulsion

            7.5       North America Electric Commercial Vehicle Market Volume, By Propulsion

            7.6       North America Electric Commercial Vehicle Market Size, By Vehicle Type

            7.7       North America Electric Commercial Vehicle Market Volume, By Vehicle Type

            7.8       North America Electric Commercial Vehicle Market Size, By Component

            7.9       North America Electric Commercial Vehicle Market Volume, By Component

            7.10     North America Electric Commercial Vehicle Market Size, By Country

            7.11     North America Electric Commercial Vehicle Market Volume, By Country

8.         Europe Electric Commercial Vehicle Market

    8.1.      Europe Electric Commercial Vehicle Market Driver Europe Electric Commercial Vehicle Market Value in US$ Mn and Volume in Units   Analysis, 2014-2024

            8.2       Europe Electric Commercial Vehicle Market Size, By Propulsion

            8.3       Europe Electric Commercial Vehicle Market Volume, By Propulsion

            8.4       Europe Electric Commercial Vehicle Market Size, By Vehicle Type

            8.5       Europe Electric Commercial Vehicle Market Volume, By Vehicle Type

            8.6       Europe Electric Commercial Vehicle Market Size, By Component

            8.7       Europe Electric Commercial Vehicle Market Volume, By Component

            8.8       Europe Electric Commercial Vehicle Market Size, By Country

            8.9     Europe Electric Commercial Vehicle Market Volume, By Country

9.         Asia Pacific America Electric Commercial Vehicle Market

            9.1       Asia Pacific Electric Commercial Vehicle Market Driver

            9.2       Indian Electric Commercial Vehicle Market Driver

            9.3       Asia Pacific   Electric Commercial Vehicle Market Value in US$  Mn and Volume in Units Analysis, 2014-2024

            9.4       Asia Pacific Electric Commercial Vehicle Market Size, By Propulsion

            9.5       Asia Pacific Electric Commercial Vehicle Market Volume, By Propulsion

            9.6       Asia Pacific Electric Commercial Vehicle Market Size, By Vehicle Type

            9.7       Asia Pacific Electric Commercial Vehicle Market Volume, By Component

            9.8       Asia Pacific Electric Commercial Vehicle Market Size, By Country

            9.9       Asia Pacific Electric Commercial Vehicle Market Volume, By Country

            9.10     Asia Pacific America Electric Commercial Vehicle Market Size, By Country

            9.11     Asia Pacific America Electric Commercial Vehicle Market Volume, By Country

10.       Middle East & Africa Electric Commercial Vehicle Market

            10.1     Middle East & Africa Electric Commercial Vehicle Market Outlook

    10.2     Middle East & Africa Electric Commercial Vehicle Market Value in US$  Mn and Volume in Units Analysis, 2014-2024

            10.3     Middle East & Africa Electric Commercial Vehicle Market Size, By Propulsion

            10.4     Middle East & Africa Electric Commercial Vehicle Market Volume, By Propulsion

            10.5     Middle East & Africa Electric Commercial Vehicle Market Size, By Vehicle Type

            10.6     Middle East & Africa Electric Commercial Vehicle Market Volume, By Vehicle Type

            10.7     Middle East & Africa Electric Commercial Vehicle Market Size, By Component

            10.8     Middle East & Africa Electric Commercial Vehicle Market Volume, By Component

            10.9     Middle East & Africa Electric Commercial Vehicle Market Size, By Country

            10.10   Middle East & Africa Electric Commercial Vehicle Market Volume, By Country

11.       Latin America Electric Commercial Vehicle Market

            11.1     Latin America Electric Commercial Vehicle Market Outlook

    11.2       Latin America Electric Commercial Vehicle Market Value in US$  Mn and Volume in   Units Analysis, 2014-2024

            11.3     Latin America Electric Commercial Vehicle Market Size, By Propulsion

            11.4     Latin America Electric Commercial Vehicle Market Volume, By Propulsion

            11.5     Latin America Electric Commercial Vehicle Market Size, By Vehicle Type

            11.6     Latin America Electric Commercial Vehicle Market Volume, By Vehicle Type

            11.7     Latin America Electric Commercial Vehicle Market Size, By Component

            11.8     Latin America Electric Commercial Vehicle Market Volume, By Component

            11.9     Latin America Electric Commercial Vehicle Market Size, By Country

            11.10   Latin America Electric Commercial Vehicle Market Volume, By Country

12.       Company Profile Analysis

            12.1     BMW Group

            12.2     Daimler A

            12.3     BYD Co Ltd

            12.4     Tesla, Inc

            12.5     Toyota Motor Corporation

            12.6     ABB Group

            12.7     Nissan Motor Co., Ltd

            12.8     Mitsubishi Electric Corporation

13.       Assumptions & Acronyms Used

List of figures

Figure:1           Gross Domestic Product (GDP) per Capita; Analysis (1/2) (US$ Tn), By Major Countries, 2011-2016

Figure:2           Gross Domestic Product (GDP) Analysis (2/2) (US$ Tn), By Major Countries, 2011-2016

Figure:3           Managed Print Service Market, Revenue Analysis

Figure:4           Market Share Analysis by Region, 2018

Figure:5           Global Managed Print Services Market Share by Deployment, 2018

Figure:6           Global Managed Print Services Market Share by Enterprise Size, 2018

Figure:7           Global Managed Print Services Market Share by Channel, 2018

Figure:8           Global Managed Print Services Market Share by Industry Vertical, 2018

Figure:9           Global Managed Print Services Market Share by Deployment, 2026

Figure:10         Global Managed Print Services Market Share by Enterprise Size, 2026

Figure:11         Global Managed Print Services Market Share by Channel, 2026

Figure:12         Global Managed Print Services Market Share by Industry Vertical, 2026

Figure:13         Global Managed Print Services (MPS) Market Size (US$ Mn)

Figure:14         Global Managed Print Services (MPS) Market Y-o-Y Analysis

Figure:15         Global Managed Print Services (MPS) Market Absolute Opportunity Analysis (US$ Mn)

Figure:16         North America Managed Print Services (MPS) Market Revenue Analysis (in US$ Mn)

Figure:17         Europe Managed Print Services (MPS) Market Revenue Analysis in US$ Mn, 2016H-2026F

Figure:18         Number of Enterprises in Europe, 2015-2017 in Million

Figure:19         Germany Managed Print Services (MPS) Market Revenue Analysis (in US$ Mn)

Figure:20         Asia Pacific Managed Print Services (MPS) Market Revenue Analysis (in US$ Mn)

Figure:21         Latin America  Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024

Figure:22         BMW-Geographic distribution of revenue by region (2016)

Figure:23         BMW-Revenue (Euro Mn) & Y-o-Y Growth (%), 2013–2017

Figure:24         Daimler  AG-Revenue (Euro Bn) & Y-o-Y Growth (%), 2013–2017

Figure:25         BYD Co LTD-Revenue (RMB Mn) & Y-o-Y Growth (%), 2013–2017

Figure:26         Tesla Inc- Revenue (US$ Bn) & Y-o-Y Growth (%), 2013–2017

Figure:27         Toyota- Revenue (JPY Mn) & Y-o-Y Growth (%), 2013–2017

Figure:28         ABB Group-Revenue (USD Bn) & Y-o-Y Growth (%), 2013–2017

Figure:29         Nissan Motor Co. Ltd- Revenue (JPY Bn) & Y-o-Y Growth (%), 2014–2017

Figure:30         Mitsubishi Electric Co- Revenue (JPY Mn) & Y-o-Y Growth (%), 2014–2017

List of Tables

Table: 1 Global Electric Commercial Vehicle Market Key Players

Table: 2 China electric commercial vehicle Sales — Jan–Dec 2017

Table: 3 Global Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 4 Global Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table : 5 Global Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 6 Global Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Vehicle Type

Table: 7 Global Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Component

Table: 8 Global Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 9  Global Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 10 Global Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

Table: 11 North America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 12 North America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table: 13 North America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 14 North America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Vehicle Type

Table: 15 North America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Component

Table: 16 North America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 17 North America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country 

Table: 18 North America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

Table: 19 Europe Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 20 Europe Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table: 21 Europe Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 22 Europe Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 23 Europe Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 24 Europe Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 25 Europe Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 26 Europe Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

Table: 27 Asia Pacific America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 28 Asia Pacific America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table: 29 Asia Pacific America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 30 Asia Pacific America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Vehicle Type

Table: 31 Asia Pacific America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Component

Table: 32 Asia Pacific America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 33 Asia Pacific America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 34 Asia Pacific America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

Table: 35 Middle East & Africa Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 36 Middle East & Africa Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table: 37 Middle East & Africa Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 38 Middle East & Africa Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Vehicle Type

Table: 39 Middle East & Africa Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Component

Table: 40 Middle East & Africa Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 41 Middle East & Africa Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 42 Middle East & Africa Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

Table: 43 Latin America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Propulsion

Table: 44 Latin America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Propulsion

Table: 45 Latin America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Vehicle Type

Table: 46 Latin America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Vehicle Type

Table: 47 Latin America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Component

Table: 48 Latin America Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Component

Table: 49 Latin America Electric Commercial Vehicle Market Size (US$ Mn)  Forecast, 2014-2024, By Country

Table: 50 Latin America  Electric Commercial Vehicle Market Volume (Units)  Forecast, 2014-2024, By Country

1.     Research Methodology

Electric Commercial Vehicles
Source: BlueWeave Consulting Analysis

2.    Regional Split of Primary & Secondary Research

Electric Commercial Vehicles Market
Source: BlueWeave Consulting Analysis

3.   Secondary Research

The research process began with obtaining historical market sizes of the entire electric vehicle market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.

The next step involved the study of present market environment that is influencing the electric vehicle market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.

4.     Primary Research

Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global electric vehicle market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.

In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.

  4.1    Breakdown of Primary Research Respondents, By Region

Electric Commercial Vehicles
Source: BlueWeave Consulting Analysis

4.2 Breakdown of Primary Research Respondents, By Industry Participants

Electric Commercial Vehicles RM
Source: BlueWeave Consulting Analysis

5       Market Size Estimation

Top-down approach has been followed to obtain the market size by region, and by country. Bottom-Up approach has been followed to obtain market size by propulsion, by vehicle type, and by component.  

An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.

6      Assumptions for the Study

  •  The macroeconomic factors would remain the same during the forecast period.
  •  The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.

7.    Market Breakdown & Data Triangulation

Electric Commercial Vehicles RM
Source: BlueWeave Consulting Analysis

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