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Global Electric Trucks Market

Global Electric Truck Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2028, Segmented By Type (Light-Duty Trucks, Medium-Duty Trucks, Heavy-Duty Trucks), By Range (Up to 200 Miles, Above 200 Miles), By Propulsion Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Plug-In Electric Vehicle), By Payload Capacity (Up to 10,000 LBS, 10,001- 26,000 LBS, Above 26,000 LBS), By Battery Type (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, Others), By Application (Logistics, Municipal, Construction, Mining, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: January 2022
  • Report ID: BWC22004
  • Available Format: PDF
  • Page: 188

Report Overview

Global electric truck market is growing at a high CAGR due to the increasing adoption of battery-powered trucks for zero emission and sustainability. Furthermore, public and private investments in the development of charging infrastructure to increase the adoption of electric cars and trucks are driving the market forward.

Global Electric Trucks Market- Industry Trends & Forecast Report 2028

Global electric trucks market was worth USD 21.4 billion in 2021 and is further projected to reach USD 52.3 billion by the year 2028, growing at the CAGR of 14.6% during the forecast period. The market for electric trucks is gaining traction as a result of the growing emphasis on reducing fuel costs due to their volatile nature, as well as shifts toward zero-emission vehicles to reduce their carbon footprint. Additionally, rising demand for electric trucks in the logistics sector is expected to drive market growth during the forecast period.

Electric Trucks Market

Global Electric Trucks Market- Overview

Electric trucks are vehicles that are powered by batteries and are used for transporting cargo, payloads, and other services. These trucks are typically powered by lead-acid batteries and have low operating costs. Additionally, electric trucks also reduce noise and pollution. Furthermore, the cost and expenditure of electric trucks are declining compared to traditional fuel trucks due to their lower component counts and higher efficiency. These factors are driving the growth of the global electric trucks market.

Electric Trucks Market Forecast and Trends

Growth Drivers

Growing Demand for Zero-Emission Vehicles

With increasing awareness regarding carbon footprint and a focus on reducing carbon emissions, the demand for electric trucks is growing exponentially. Moreover, the depleting levels of non-renewable energy sources and their negative impact on the environment are promoting the adoption of electric vehicles in various industries, thereby driving the growth of electric trucks market worldwide. Furthermore, governments of various countries are taking unique initiatives to reduce their carbon footprint, which are projected to propel the market growth during the forecast period.

Surging Demand for Electric Trucks in The Logistics Sector

The logistics sector is one of the biggest contributors to carbon emissions. Furthermore, the carbon footprint of this sector is anticipated to surge several folds during the forecast period due to the flourishing e-commerce industry. As a result, the logistics sector is increasingly shifting towards electric vehicles from commercial fuel vehicles to cut down their carbon footprint. Moreover, many renowned e-commerce companies like Amazon.com are investing in electric trucks exclusively for transportation of goods, which will drive the market growth during the forecast period.

Restraints

Lack Of Charging Infrastructure

The demand for electric trucks is gaining significant traction all around the world. However, the lack of sufficient charging infrastructure may act as a major restricting factor for the global electric trucks market. Despite the fact that public-private partnerships are investing in establishing charging infrastructure in various regions, they are heavily concentrated within rural and highly developed urban countries and cities. Even though emerging economies such as China and India are emerging as the biggest manufacturers of electric trucks, the lack of charging infrastructure is hindering the adoption of electric trucks in the domestic market.

Impact of COVID-19 on Global Electric Trucks Market

The electric trucks market was negatively impacted by the sudden outbreak of the COVID-19 pandemic. The lockdown imposed by the countries to mitigate the virus spread halted the production and development activities of the electric trucks. In addition, end-user operations such as logistics, construction, mining, etc., were hampered, causing a sharp decline in demand for electric trucks, causing the market to suffer tremendous losses. Nevertheless, the electric truck market is expected to flourish in the coming years as the COVID-19 pandemic has sparked discussion about sustainability.

Electric Trucks Market - By Type

Based on types, the electric trucks market is segmented into light-duty trucks, medium-duty trucks, and heavy-duty trucks. Among these, the light-duty trucks segment holds the largest market share. These types of trucks are prominently used in the logistics sector, which drives the segment’s growth. Furthermore, various organizations are taking up infallible initiatives to boost the adoption of light-duty trucks, which is strengthening the growth of the segment. For instance, the UN Environmental Programme is supporting 50 country projects to encourage the energy efficiency of light-duty vehicles.

Electric Trucks Market - By Propulsion Type

Based on propulsion type, the electric trucks market is segmented into battery electric vehicles, fuel cell electric vehicles, and plug-in electric vehicle. The battery-electric vehicle dominated the electric trucks market and is expected to remain at its position in the forecast period as well due to the declining battery prices and increasing efficiency and vehicle range. Furthermore, stringent government regulations in various countries to reduce the carbon emission in their regions are anticipated to drive the market growth of the battery-electric vehicle in the forecast period.

Electric Trucks Market - By Payload Capacity

Based on payload capacity, the electric trucks market is segmented into up to 10,000 lbs, 10,001- 26,000 lbs, and above 26,000 lbs. The up to 10,000 lbs payload capacity segment accounts for the largest market share. This is because of the country-wise regulators for the payload capacity. For instance, according to Electrek, electric semi-trucks in the EU are allowed to be 2 tons or 4,400 lbs; whereas, in the US, the payload should be around 0.9 tons or 2000 lbs.

Electric Trucks Market - Regional Insights

Geographically, the electric trucks market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, Europe dominates the electric truck market due to the increased emphasis on carbon emissions and stringent government policies to reduce carbon footprints. The government authorities are providing incentives and subsidies to encourage and increase the penetration of electric vehicles on European roads. Furthermore, there is a high concentration of leading electric truck manufacturers such as Volvo Trucks, Daimler, BYD Auto, etc. in Europe, which drives the growth of the region’s truck market.

Regional Insights

Global Electric Trucks Market- Competitive Landscape

The leading players in the global electric trucks market are Dongfeng Motor Corporation, Tesla Inc., Hino Motors, Alke SRL, Daimler, IVECO SpA, PACCAR Inc., Scania AB, Isuzu Motors Ltd, BYD Auto Co. Ltd, Navistar International Corporation, Renault Trucks, Tata Motors Limited, Rivian Automotive Inc., Lucid Motors, Nikola Motors, Ford, Workhorse, Infraprime Truck Company, and other prominent players.

The global electric trucks market is highly consolidated and dominated by multinational automotive giants. However, because it is a relatively new sector, it is open to new competitors who can provide improved technology and efficiency. To gain a competitive edge, industry players offer a wide range of products to meet the various needs of their end-users and are constantly launching new electric truck models with advanced propulsion types and higher efficiency in batteries and power. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, collaborations, joint ventures, etc., is also prominent in this market.

Recent Development

  • In December 2021, Rivian Automotive, a US-based electric vehicle automaker, announced the investment of a USD 5 billion electric truck plant in Georgia and established it as the largest auto assembly complex in the United States.
  • In December 2021, General Motors, a leading American multinational automotive manufacturing company, announced their third electric pickup truck GMC Electric Sierra Denali, following the Hummer EV.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Type, By Range, By Propulsion Type, By Payload Capacity, By Battery Type, By Application, By Region
Key Players Dongfeng Motor Corporation, Tesla Inc., Hino Motors, Alke SRL, Daimler, IVECO SpA, PACCAR Inc., Scania AB, Isuzu Motors Ltd, BYD Auto Co. Ltd, Navistar International Corporation, Renault Trucks, Tata Motors Limited, Rivian Automotive Inc., Lucid Motors, Nikola Motors, Ford, Workhorse, Infraprime Truck Company, and other prominent players.

 

By Type

  • Light-Duty Trucks
  • Medium-Duty Trucks
  • Heavy-Duty Trucks

By Range

  • Up to 200 Miles
  • Above 200 Miles

By Propulsion Type

  • Battery Electric Vehicle
  • Fuel Cell Electric Vehicle
  • Plug-In Electric Vehicle

By Payload Capacity

  • Up to 10,000 LBS
  • 10,001- 26,000 LBS
  • Above 26,000 LBS

By Battery Type

  • Lithium-Nickel-Manganese-Cobalt Oxide
  • Lithium-Iron-Phosphate
  • Others

By Application

  • Logistics
  • Municipal
  • Construction
  • Mining
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Demand For Zero-Emission Vehicles
        2. Surging Demand For Electric Trucks In The Logistics Sector
      2. Restraints
        1. Lack Of Charging Infrastructure
      3. Opportunities
        1. High Product Cost of Electric Trucks
      4. Challenges
        1. Expanding Demand for Lithium-ion Battery trucks
        2. Declining Cost of Vehicle Batteries
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Electric Trucks Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
    2. Market Share & Forecast, by Segment
      1. By Type
        1. Light-Duty Trucks
        2. Medium-Duty Trucks
        3. Heavy-Duty Trucks
      2. By Range
        1. Up to 200 Miles
        2. Above 200 Miles
      3. By Propulsion Type
        1. Battery Electric Vehicle
        2. Fuel Cell Electric Vehicle
        3. Plug-In Electric Vehicle
      4. By Payload Capacity
        1. Up to 10,000 LBS
        2. 10,001- 26,000 LBS
        3. Above 26,000 LBS
      5. By Battery Type
        1. Lithium-Nickel-Manganese-Cobalt Oxide
        2. Lithium-Iron-Phosphate
        3. Others
      6. By Application
        1. Logistics
        2. Municipal
        3. Construction
        4. Mining
        5. Others
      7. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Electric Trucks Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Type
      2. By Range
      3. By Propulsion Type
      4. By Payload Capacity
      5. By Battery Type
      6. By Application
      7. By Country
        1. U.S.
        2. Canada
  7. Europe Electric Trucks Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Type
      2. By Range
      3. By Propulsion Type
      4. By Payload Capacity
      5. By Battery Type
      6. By Application
      7. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Electric Trucks Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Type
      2. By Range
      3. By Propulsion Type
      4. By Payload Capacity
      5. By Battery Type
      6. By Application
      7. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Electric Trucks Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Type
      2. By Range
      3. By Propulsion Type
      4. By Payload Capacity
      5. By Battery Type
      6. By Application
      7. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Electric Trucks Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Type
      2. By Range
      3. By Propulsion Type
      4. By Payload Capacity
      5. By Battery Type
      6. By Application
      7. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Electric Trucks Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Dongfeng Motor Corporation
    2. Tesla Inc.
    3. Hino Motors
    4. Alke SRL
    5. Daimler
    6. IVECO SpA
    7. PACCAR Inc.
    8. Scania AB
    9. Isuzu Motors Ltd
    10. BYD Auto Co. Ltd
    11. Navistar International Corporation
    12. Renault Trucks
    13. Tata Motors Limited
    14. Rivian Automotive Inc.
    15. Lucid Motors
    16. Nikola Motors
    17. Ford
    18. Workhorse
    19. Infraprime Truck Company
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Electric Trucks Market Segmentation

 

Figure 2 : Electric Trucks Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2021

 

Figure 4: Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 5: Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 6: Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 7: Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 9: Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 10: Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

 

Figure 11: Electric Trucks Market Share (%), By Application, By Value, 2018-2028

 

Figure 12: Electric Trucks Market Share (%), By Region, By Value, 2018-2028

 

Figure 13: North America Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 14: North America Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 15: North America Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 16: North America Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 17: North America Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 18: North America Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

 

Figure 19: North America Electric Trucks Market Share (%), By Application, By Value, 2018-2028

 

Figure 20: North America Electric Trucks Market Share (%), By Country, By Value, 2018-2028

 

Figure 21: Europe Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 22: Europe Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 23: Europe Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 24: Europe Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 25: Europe Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 26: Europe Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

 

Figure 27: Europe Electric Trucks Market Share (%), by Application, By Value, 2018-2028

 

Figure 28: Europe Electric Trucks Market Share (%), By Country, By Value, 2018-2028

 

Figure 29: Asia-Pacific Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 30: Asia-Pacific Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 31: Asia-Pacific Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 32: Asia-Pacific Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 33: Asia-Pacific Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 34: Asia-Pacific Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

 

Figure 35: Asia-Pacific Electric Trucks Market Share (%), By Application, By Value, 2018-2028

 

Figure 36: Asia-Pacific Electric Trucks Market Share (%), By Country, By Value, 2018-2028

 

Figure 37: Latin America Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 38: Latin America Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 39: Latin America Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 40: Latin America Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 41: Latin America Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 42: Latin America Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

 

Figure 43: Latin America Electric Trucks Market Share (%), By Application, By Value, 2018-2028

 

Figure 44: Latin America Electric Trucks Market Share (%), By Country, By Value, 2018-2028

 

Figure 45: Middle East & Africa Electric Trucks Market Size, By Value (USD Billion), 2018-2028

 

Figure 46: Middle East & Africa Electric Trucks Market Share (%), By Type, By Value, 2018-2028

 

Figure 47: Middle East & Africa Electric Trucks Market Share (%), By Range, By Value, 2018-2028

 

Figure 48: Middle East & Africa Electric Trucks Market Share (%), By Propulsion Type, By Value, 2018-2028

 

Figure 49: Middle East & Africa Electric Trucks Market Share (%), By Payload Capacity, By Value, 2018-2028

 

Figure 50: Middle East & Africa Electric Trucks Market Share (%), By Battery Type, By Value, 2018-2028

Figure 51: Middle East & Africa Electric Trucks Market Share (%), By Application, By Value, 2018-2028

 

Figure 52: Middle East & Africa Electric Trucks Market Share (%), By Region, By Value, 2018-2028

 

 

 

List of Tables

 

 

Table 1: Electric Trucks Market Size, By Type, By Value, 2018-2028

 

Table 2: Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 3: Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 4: Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 5: Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 6: Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 7: Electric Trucks Market Size, By Region, By Value (USD Billion), 2018-2028

 

Table 8: North America Electric Trucks Market Size, By Type, By Value (USD Billion), 2018-2028

 

Table 9: North America Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 10: North America Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 11: North America Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 12: North America Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 13: North America Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028,

 

Table 14: Europe Electric Trucks Market Size, By Type, By Value (USD Billion), 2018-2028

 

Table 15: Europe Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 16: Europe Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 17: Europe Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 18: Europe Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 19: Europe Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 20: the Asia-Pacific Electric Trucks Market Size, By Type, By Value (USD Billion), 2018-2028

 

Table 21: the Asia-Pacific Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 22: the Asia-Pacific Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 23: the Asia-Pacific Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 24: the Asia-Pacific Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 25: the Asia-Pacific Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 26: Latin America Electric Trucks Market Size, By Type, By Value (USD Billion), 2018-2028

 

Table 27: Latin America Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 28: Latin America Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 29: Latin America Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 30: Latin America Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 31: Latin America Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 32: The Middle-East & Africa Electric Trucks Market Size, By Type, By Value (USD Billion), 2018-2028

 

Table 33: The Middle-East & Africa Electric Trucks Market Size, By Range, By Value (USD Billion), 2018-2028

 

Table 34: The Middle-East & Africa Electric Trucks Market Size, By Propulsion Type, By Value (USD Billion), 2018-2028

 

Table 35: The Middle-East & Africa Electric Trucks Market Size, By Payload Capacity, By Value (USD Billion), 2018-2028

 

Table 36: The Middle-East & Africa Electric Trucks Market Size, By Battery Type, By Value (USD Billion), 2018-2028

 

Table 37: The Middle-East & Africa Electric Trucks Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 38: Dongfeng Motor Corporation Financial Analysis

Table 39: Dongfeng Motor Corporation Trucksiness Overview

Table 40: Tesla Inc. Financial Analysis

Table 41: Tesla Inc. Trucksiness Overview

Table 42: Hino Motors Corporation Financial Analysis

Table 43: Hino Motors Corporation Trucksiness Overview

Table 44: Alke SRL Financial Analysis

Table 45: Alke SRL Trucksiness Overview

Table 46: Daimler Financial Analysis

Table 47: Daimler Trucksiness Overview

Table 48: IVECO SpA Financial Analysis

Table 49: IVECO SpA Trucksiness Overview

Table 50: PACCAR Inc. Financial Analysis

Table 51: PACCAR Inc.  Trucksiness Overview

Table 52: Scania AB Financial Analysis

Table 53: Scania AB Trucksiness Overview

Table 54: Isuzu Motors Ltd Financial Analysis

Table 55: Isuzu Motors Ltd Trucksiness Overview

Table 56: BYD Auto Co. Ltd Financial Analysis

Table 57: BYD Auto Co. Ltd Trucksiness Overview

Table 58: Navistar International Corporation  Financial Analysis

Table 59: Navistar International Corporation  Financial Analysis

Table 60: Renault Trucks Financial Analysis

Table 61: Renault Trucks Financial Analysis

Table 62: Tata Motors Limited Financial Analysis

Table 63: Tata Motors Limited Financial Analysis

Table 64: Rivian Automotive Inc. Financial Analysis

Table 65: Rivian Automotive Inc. Financial Analysis

Table 66: Lucid Motors Financial Analysis

Table 67: Lucid Motors Financial Analysis

Table 68: Nikola Motors Financial Analysis

Table 69: Nikola Motors Financial Analysis

Table 70: Ford Financial Analysis

Table 71: Ford Financial Analysis

Table 72: Workhorse Financial Analysis

Table 73: Workhorse Financial Analysis

Table 74: Infraprime Truck Company Financial Analysis

Table 75: Infraprime Truck Company Financial Analysis

 

Market Segmentation

By Type

  • Light-Duty Trucks
  • Medium-Duty Trucks
  • Heavy-Duty Trucks

By Range

  • Up to 200 Miles
  • Above 200 Miles

By Propulsion Type

  • Battery Electric Vehicle
  • Fuel Cell Electric Vehicle
  • Plug-In Electric Vehicle

By Payload Capacity

  • Up to 10,000 LBS
  • 10,001- 26,000 LBS
  • Above 26,000 LBS

By Battery Type

  • Lithium-Nickel-Manganese-Cobalt Oxide
  • Lithium-Iron-Phosphate
  • Others

By Application

  • Logistics
  • Municipal
  • Construction
  • Mining
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global electric truck market reached USD 21.4 billion in 2021.
Ans: The major factors driving the growth of the global electric truck market are the growing demand for zero-emission vehicles and surging demand for electric vehicles in the logistics sector.
Ans: The key players in the global electric truck market are: Dongfeng Motor Corporation, Tesla Inc., Hino Motors, Alke SRL, Daimler, IVECO SpA, PACCAR Inc., Scania AB, Isuzu Motors Ltd, BYD Auto Co. Ltd, Navistar International Corporation, Renault Trucks, Tata Motors Limited, Rivian Automotive Inc., Lucid Motors, Nikola Motors, Ford, Workhorse, Infraprime Truck Company, and other prominent players.
Ans: The logistics segment accounted for the largest share in the global electric trucks market.
Ans: Europe holds the largest share in the global electric truck market.