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Heavy Duty Truck Electrification Market to 2027 - Global Analysis and Forecast by Components; Powertrain Type- Product Image
Heavy Duty Truck Electrification Market to 2027 - Global Analysis and Forecast by Components; Powertrain Type- Product Image
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Heavy Duty Truck Electrification Market to 2027 - Global Analysis and Forecast by Components; Powertrain Type

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    Report

  • 147 Pages
  • January 2020
  • Region: Global
  • The Insight Partners
  • ID: 4987797
UP TO OFF until Jun 30th 2024
Description Jump to:

The global heavy duty truck electrification market accounted for US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% over the forecast period 2019-2027, to account for US$ 25.5 Bn by 2027. Currently, the heavy duty truck electrification market is gaining high momentum across the globe. With the growing interest of the masses in the electric vehicle supply chain globally, the predictions for battery-driven heavy-duty vehicles are almost transparent. Presently, automotive manufacturers are focusing on the applications for electrification across the heavy and medium-duty trucks. The factors mentioned above offers worthy growth opportunities to the heavy duty truck electrification market during the forecast period.

Globally, the heavy duty truck electrification market is experiencing an intense growth with regards to use of electric components in heavy vehicles such as tractors and agricultural machinery.  Trucks with ranges from 150-300 km, with batteries, are supposed to play a vital role in urban areas where concern for air quality is high, and therefore the need for stringent emissions laws is mandatory. Asia Pacific held the largest share of the heavy duty truck electrification market in 2018, and it is expected to continue its dominance during the forecast period of 2019-2027. North America and Europe held the second and third position in the global heavy duty truck electrification market in 2018 with market shares of more than 14% and 10% respectively.

The overall heavy duty truck electrification market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the heavy duty truck electrification market. It also provides the overview and forecast for the global heavy duty truck electrification market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the heavy duty truck electrification market.

Reasons to Buy


  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global heavy duty truck electrification market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global heavy duty truck electrification market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Heavy-Duty Truck Electrification - Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threats of Substitutes
4.3.4 Threats of New Entrants
4.3.5 Competitive Rivalry
5. Premium Insights
5.1 Overview
5.2 Transition Trends from ICE to Alternate Prolusion Engine (Electric and Fuel Cell)
5.2.1 Trucks
5.2.1.1 Transition to electric powertrain is happening now and at a faster pace
5.2.1.2 Electric Truck Production Trend
5.2.2 Busses
5.2.2.1 Electric bus transition momentum worldwide
5.2.3 Off-Highway Vehicle
5.2.3.1 Mining Industry
5.2.3.2 Agriculture
5.3 Competitive Landscape of Transition from ICE to Alternate Propulsion System (Battery Powered and Fuel Cell)
5.3.1 OEM Initiatives
5.4 Vehicle Unit Volume and Sales of Trucks and Buses
5.4.1 Trucks
5.5 Buses
5.6 Charging Infrastructure Development Analysis
5.6.1 Worldwide Governmental Initiatives are Boosting the EV Charging Infrastructure Market
5.6.2 Growing Concern Toward Environmental Pollution
5.7 Battery Price Analysis
5.7.1 Lithium-Ion battery price analysis
6. Automotive Heavy-Duty Truck Electrification Market - Key Market Dynamics
6.1 Key Market Drivers
6.1.1 Government initiatives and stringent emission rules to boost the growth
6.1.2 Low penetration of electric powertrain in Heavy Commercial Vehicles (HCV) is flourishing the growth for diesel powertrain
6.2 Market Restraints
6.2.1 Rise of natural gas powertrain in heavy duty trucks might hinder the market growth
6.3 Opportunities
6.3.1 Upsurge in the demand for electric trucks is projected to soar in future
6.4 Future Trends
6.4.1 Emergence of fully electric trucks
6.5 Impact Analysis of Drivers and Restraints
7. Heavy-Duty Trucks Electrification Market - Global Market Analysis
7.1 Overview
7.2 Global Heavy-Duty Trucks Electrification Market Revenue and Forecast to 2027 (US$ Mn)
8. Heavy-Duty Truck Electrification Market Analysis - By Component
8.1 Overview
8.2 Heavy-Duty Truck Electrification Market Breakdown, By Component, 2018 & 2027
8.3 Electric Pumps
8.3.1 Overview
8.3.2 Electric Pumps Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Electric Power Steering
8.4.1 Overview
8.4.2 Electric Power Steering Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Liquid Heater PTC
8.5.1 Overview
8.5.2 Liquid Heater PTC Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Electric Air Conditioner Compressor
8.6.1 Overview
8.6.2 Electric Air Conditioner Compressor Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Actuator
8.7.1 Overview
8.7.2 Actuator Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Alternator
8.8.1 Overview
8.8.2 Alternator Market Revenue and Forecasts to 2027 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Heavy-Duty Truck Electrification Market Analysis - By Powertrain Type
9.1 Overview
9.2 Heavy-Duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027
9.3 Fully Electric
9.3.1 Overview
9.3.2 Fully Electric Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Hybrid
9.4.1 Overview
9.4.2 Hybrid Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Fuel Cell
9.5.1 Overview
9.5.2 Fuel Cell Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Internal Combustion Engine (ICE)
9.6.1 Overview
9.6.2 ICE Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Compressed Natural Gas (CNG)
9.7.1 Overview
9.7.2 CNG Market Revenue and Forecasts to 2027 (US$ Mn)
10. Global Heavy-duty Truck Electrification Market - Geographic Analysis
10.1 Overview
10.2 North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.2.1 Overview
10.2.2 North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.3 North America Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.4 North America Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5 North America Heavy-duty Truck Electrification Market Breakdown, By Country
10.2.5.1 US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.1.1 US Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.1.2 US Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5.2 Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.2.1 Canada Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.2.2 Canada Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5.3 Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.3.1 Mexico Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.3.2 Mexico Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3 Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.3.1 Overview
10.3.2 Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.3 Europe Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.4 Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5 Europe Heavy-duty Truck Electrification Market Breakdown, By Country
10.3.5.1 UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.1.1 UK Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.1.2 UK Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.2 Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.2.1 Italy Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.2.2 Italy Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.3 Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.3.1 Russia Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.3.2 Russia Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.4 Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.4.1 Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.4.2 Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4 APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027
10.4.1 Overview
10.4.2 APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.3 APAC Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.4 APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5 APAC Heavy-duty Truck Electrification Market Breakdown, By Country
10.4.5.1 China Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.1.1 China Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.1.2 China Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.2 Japan Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.2.1 Japan Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.2.2 Japan Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.3 India Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.3.1 India Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.3.2 India Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.4 Rest of APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.4.1 Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.4.2 Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5 MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.5.1 Overview
10.5.2 MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.3 MEA Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.4 MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5.5 MEA Heavy-duty Truck Electrification Market Breakdown, By Country
10.5.5.1 South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.5.1.1 South Africa Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.5.1.2 South Africa Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5.5.2 Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.5.2.1 Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.5.2.2 Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6 SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.6.1 Overview
10.6.2 SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.3 SAM Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.4 SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6.5 SAM Heavy-duty Truck Electrification Market Breakdown, By Country
10.6.5.1 Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.5.1.1 Brazil Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.5.1.2 Brazil Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6.5.2 Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.5.2.1 Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.5.2.2 Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
11.3 Merger & Acquisition
12. Company Profiles
12.1 Continental AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 BorgWarner Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Denso Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Magna International Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robert Bosch GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 AISIN SEIKI Co. Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Delphi Technologies Plc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mitsubishi Motors Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Schaeffler Technologies AG & Co. KG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aisin Seiki Co.Ltd.
  • Borgwarner Inc.
  • Continental AG
  • Delphi technologies PLC
  • Denso corporation
  • Magna International Inc
  • Mitsubishi Motors Corporation
  • Robert Bosch GmbH
  • Schaeffler Technologies AG & Co. KG
  • ZF Friedrichshafen AG

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