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Electric Trucks Market by Propulsion (BEV, PHEV & FCEV), Type (Light, Medium & Heavy-duty Trucks), Range (up to 200 miles & above 200 miles), Battery Type, Battery Capacity, Level of Automation, End User, Payload Capacity & Region - Global Forecast to 2030

  • ID: 5410437
  • Report
  • August 2021
  • Region: Global
  • 223 Pages
  • Markets and Markets

FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Ford Motor Company
  • Kaiyun Motors
  • Proterra
  • Tesla, Inc
  • MORE

The electric trucks market is estimated to be 69,597 units in 2021 and is projected to grow at a CAGR of 39.7% during the forecast period, to reach 1,413,694 units by 2030.

Due to the rising emissions levels and increasing prices of petroleum, along with petroleum’s limited availability, there has been a growing demand for Zero emission alternative fuel vehicles. This has been a major factor for increasing demand of EV’s in the market since the past few years. The governments of several countries are taking initiatives to promote clean sources of energy by instituting stringent emission norms and providing subsidies, tax benefits for early adoption of EV’s and other low emission vehicles to help meet these stringent emission regulations. Electric trucks have also been growing in demand past few years due to these reasons. Top OEM’s like BYD, Daimler AG, AB Volvo, PACCAR Inc, Scania AB,  and other players like Renault, Tata Motors, Tesla Inc, Rivian and others have been working for development of electric trucks.   

A Major issue with electric trucks has been lower range due to limited battery capacity. With improving technology, as better EV batteries are being produced, the range of these EV trucks have been improving significantly. The reducing Battery cost will also reduce the overall cost of electric trucks, thereby improving the profitability by use of these trucks for commercial operations. This will further create demand for EV trucks in the future. Development of appropriate charging infrastructure has further improved the viability of electric trucks in the market for daily use across various sectors. The development of self-driving truck technology will also improve the demand for electric trucks once technology is matured. Most countries have come up with policy’s for shifting to electric vehicles such as trucks for commercial operations. For Instance, since 2019, US has made regulations to shift to using electric trucks for interstate logistics across some states in the country. Germany and China have also promoted the use of electric trucks and have become some of the top markets for this segment. Germany has setup electric lines on their highways for use of electric trucks without the need for destination charging. China has encouraged OEM’s in the country to produce electric trucks for its domestic use. The country had more than 20 times the sales of electric trucks domestically than US and Europe combined till the first half of 2020. 

The major challenge for the growth of the electric truck market is its high cost. However, increasing R&D in the field of EV technology is leading to decreasing cost of EV Batteries, gradually reducing the cost difference. Another challenge to the growth of the electric truck market is lack of standardization of EV charging infrastructure and slow setup of EV charging stations in many countries. The limited range of electric trucks also limit their use in various countries. In India for instance, the limited number of electric trucks operate by battery switching due to less availability of EV fast charging stations. Lesser driving range and inadequate charging infrastructure are the key factors resulting in limited popularity of electric trucks in developing countries.

The electric truck market in Europe is segmented into France, Germany, Netherlands, Norway, Sweden, and United Kingdom. Europe has stringent emission regulation standards. The governments of European region are providing huge incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased tremendously in the region. The region is home to electric truck manufacturers such as Volvo, Daimler and others. Europe has set a very ambitious goal of reducing 80% CO2 emission by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric infrastructure and the focus will continue to be on electric vehicles in the long run.  Volvo has announced plans to launch a complete range of heavy duty electric trucks in the region starting 2021 and through the upcoming years. It is currently running tests for Volvo FMX, Volvo FX, Volvo FM which would be used for regional transport and urban construction. Sales will start by the end of 2021 and production in large volumes will start by the first half of 2022. These trucks will come with a battery configuration of around 186 miles or 300 km. The company is targeting 50% electric sales in the region by 2030.  Some top electric truck startups in the region include Einride (Sweden), Volta Trucks (Sweden), Tevva (UK), StreetScooter (Germany) and E-Trucks Europe (Netherlands). These companies have also been developing electric truck technology and some of them have already brought electric trucks for the market. 

The electric truck market is dominated by players such as BYD(China), Daimler AG (Germany), AB Volvo (Sweden), PACCAR(U.S.), Scania AB(Sweden) and others. Key strategies adopted by these companies to sustain their positions are new launches, expansions, collaborations, and joint ventures. These strategies have been analyzed to understand the positions of these companies in the market. For instance, in March 2021, The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050. Also, in November 2020, Scania AB acquired Nantong Gaikai and the acquisition allowed it to obtain truck manufacturing license in China. Nantong Gaikai was under state owned Jiangsu Gaikai Investment Development Group.

Light duty trucks to ensure dominant position of the segment

The electric truck market by vehicle type comprises majorly of light-duty trucks, medium-duty and heavy-duty trucks. This is because of their growing popularity for electric pickups around the world as zero emission vehicles while for medium-duty and heavy-duty vehicles, the price of long-range electric trucks increases drastically which makes it less economical for many regions. As prices of EV batteries decreases and range of vehicles keep improving, the market for electric trucks will also increase at a faster rate in the coming years. The demand for light-duty electric trucks would grow with increase in adoption of light duty-trucks in e-commerce and distribution services. 

NMC Battery segment expected to lead to market growth

The electric truck market is dominated by the NMC battery as it is the most efficient. Most market-leading Chinese OEMs use these batteries in electric trucks in its fleets. These batteries have a comparatively higher energy density than LFP batteries. Also, the cost of NMC batteries is declining and level with the cost of LFP batteries, thus, further boosting the NMC battery market. Although, the demand for LFP is also on the rise in the forecasted period as the life of LFP batteries is longer than the NMC batteries. Adoption of NMC batteries is expected to rise in the near future in European and American countries. 

The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs.

The break-up of the primaries is as follows: 

  • By Company Type: Tier 1 - 40%, Tier 2 – 42%, Others - 18%
  • By Designation: C level - 57%, D level - 29%, Others - 14%
  • By Region: North America - 39%, Europe - 33%, Asia Pacific- 28%

The electric truck market is dominated by players such as BYD(China), Daimler AG (Germany), AB Volvo (Sweden), PACCAR(U.S.), Scania AB(Sweden) and others.

Research Coverage

The report segments the electric trucks market and forecasts its size, by volume, on the basis of propulsion type (BEV, PHEV, FCEV) vehicle type (light Duty trucks, Medium Duty trucks, heavy duty trucks), battery type (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, others), end user (Last mile Delivery, long haul transportation, distribution services, refuse services, field services), by range (upto 200 miles, above 200 miles), payload capacity (upto 10,000 lbs, 10,001-26,000 lbs, Above 26,000 lbs), level of automation (semi-autonomous and automation), battery capacity (less than 50kWh, 50-250 kwh, above 250 kwh) & Region.  It also covers the competitive landscape and company profiles of the major players in the electric truck market ecosystem.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue and volume for electric truck market and its sub segments. 
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. 
  • The report will also help the market players understand the impact of COVID-19 on electric trucks market.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Ford Motor Company
  • Kaiyun Motors
  • Proterra
  • Tesla, Inc
  • MORE

1    Introduction    
1.1    Objectives Of The Study    
1.2    Market Definition    
Table 1    Segments And Their Definition    
1.2.1    Inclusions & Exclusions    
Table 2    Inclusions & Exclusions    
1.3    Market Scope    
Figure 1    Market Segmentation: Electric Trucks Market    
1.3.1    Years Considered For Study    
1.4    Currency    
Table 3    Currency Exchange Rates (USD)    
1.5    Package Size    
1.6    Stakeholders    

2    Research Methodology    
2.1    Research Data    
Figure 2    Electric Trucks Market: Research Design    
Figure 3    Research Design Model    
2.1.1    Secondary Data
2.1.1.1    Key Secondary Sources For Electric Truck Sales    
2.1.1.2    Key Data From Secondary Sources
2.1.2    Primary Data
Figure 4    Breakdown Of Primary Interviews    
2.1.2.1    Primary Participants    
2.2    Market Estimation Methodology    
Figure 5    Research Methodology: Hypothesis Building    
2.3    Market Size Estimation    
2.3.1    Bottom-Up Approach    
Figure 6    Bottom-Up Approach: Electric Trucks Market    
2.3.2    Top-Down Approach    
Figure 7    Top-Down Approach: Electric Trucks Market    
Figure 8    Electric Trucks Market: Research Design And Methodology    
Figure 9    Research Approach: Electric Trucks Market    
2.3.3    Demand-Side Approach    
2.4    Data Triangulation    
Figure 10    Data Triangulation    
2.5    Factor Analysis    
2.5.1    Factor Analysis For Market Sizing: Demand- And Supply-Side    
2.6    Research Assumptions    
2.7    Research Limitations    

3    Executive Summary    
Figure 11    Electric Trucks Market Dynamics    
Table 4    Adoption Of Electric Commercial Vehicles, By Company    
Figure 12    NMC Batteries To Hold The Largest Share In The Electric Truck Market, 2021 Vs. 2030 (Units)    
Figure 13    The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest Growth During The Forecast Period    
3.1    Covid-19 Impact On Electric Trucks Market, 2021–2030    
Figure 14    Impact Of Covid-19 On Electric Truck Market    

4    Premium Insights    
4.1    Attractive Opportunities In The Electric Trucks Market    
Figure 15    Increased Fuel-Efficient Vehicle Ownership Is Expected To Drive The Demand For Electric Trucks    
4.2    Electric Trucks Market, By Region    
Figure 16    Asia Pacific Is Estimated To Account For The Largest Share Of Electric Trucks Market In 2021    
4.3    Electric Trucks Market, By Battery Type    
Figure 17    The Lithium-Nickel-Manganese-Cobalt Oxide Segment Is Expected To Lead The Market From 2021 To 2030    
4.4    Electric Trucks Market, By Range    
Figure 18    Above 200 Miles Segment To Grow At A Higher Rate During The Forecast Period    
4.5    Electric Trucks Market, By Propulsion    
Figure 19    Fcev Segment Is Projected To Grow At The Highest CAGR
From 2021 To 2030    
4.6    Electric Trucks Market, By Level Of Automation    
Figure 20    The Semi-Autonomous Electric Trucks Segment Is Expected To Lead The Market    
4.7    Electric Trucks Market, By Battery Capacity    
Figure 21    50-250 Kwh Segment Is Anticipated To Grow At The Highest CAGR During The Forecast Period    
4.8    Electric Trucks Market, By End user    
Figure 22    The Field Services Segment Is Projected To Grow At The Highest CAGR From 2021 To 2030    
4.9    Electric Trucks Market, By Type    
Figure 23    The Light-Duty Trucks Segment Is Expected To Lead The Market    

5    Market Overview    
5.1    Introduction    
5.2    Market Dynamics    
Figure 24    Electric Trucks Market: Market Dynamics    
Table 5    Electric Trucks Market: Impact Of Market Dynamics    
5.2.1    Drivers    
5.2.1.1    Reducing The Cost Of EV Batteries    
Figure 25    Ev Battery Pricing Analysis    
Figure 26    Operating Cost: Electric Trucks Vs. Ice Trucks    
5.2.1.2    Lower Operating Costs    
Table 6    Average Gasoline Prices In US (2016-2020)    
Table 7    Average Diesel Prices In US (2016-2020)    
Figure 27    Oil Consumption Around The World In The Past 10 Years    
5.2.1.3    Upcoming EV Truck Models Being Developed With Higher Vehicle Range    
Table 8    New And Upcoming EV Truck Models (2021)    
5.2.1.4    Rising Demand For Electric Trucks In The Logistics And Other Industries    
Figure 28    Electric Trucks Market Share, By End user (2020)    
5.2.2    Restraints    
5.2.2.1    High Initial Investment Required In Electric Truck Production    
Figure 29    Fuel Infrastructure: Initial Investment    
5.2.2.2    Lack Of EV Charging Infrastructure    
Figure 30    EV Charger Density Comparison    
Figure 31    Private, Semi-Public, And Public Charging    
5.2.2.3    Long Charging Time Compared To Other Fuels    
Figure 32    Charging Time Required To Charge using Different Charging Types    
5.2.2.4    Limited Vehicle Range    
5.2.3    Opportunities    
5.2.3.1    Development Of Self-Driving Truck Technology    
5.2.3.2    Government Initiatives Pertaining To EVs    
Figure 33    Electrification Target, By Country    
Figure 34    Regulatory Comparison For EVs Across The World    
Table 9    Government Programs For The Promotion Of Electric Commercial Vehicle Sales    
5.2.3.3    Development Of Wireless EV Charging Technology For Easy Truck Charging    
5.2.4    Challenges    
5.2.4.1    High Cost Of Existing Range Of Electric Trucks    
5.2.4.2    Insufficient Standardization Of EV Charging Infrastructure    
Figure 35    EV Chargers used Around The World    
5.3    Porter’s Five Forces    
Figure 36    Porter’s Five Forces: Electric Trucks Market    
Table 10    Electric Trucks Market: Impact Of Porters 5 Forces    
5.3.1    Threat Of Substitutes    
5.3.2    Threat Of New Entrants    
5.3.3    Bargaining Power Of Buyers    
5.3.4    Bargaining Power Of Suppliers    
5.3.5    Rivalry Among Existing Competitors    
5.4    Electric Trucks Market Ecosystem    
Figure 37    Electric Trucks Market: Ecosystem Analysis    
5.4.1    EV Charging Providers    
5.4.2    Tier I Suppliers    
5.4.3    Oems    
5.4.4    End user
Table 11    Electric Trucks Market: Role Of Companies In Ecosystem    
5.5    Value Chain Analysis    
Figure 38    Value Chain Analysis Of Electric Trucks Market    
5.6    Revenue Shift For Electric Trucks Manufacturer    
Figure 39    Revenue Shift And Hot Bets In Electric Trucks Market    
5.7    Electric Truck Pricing Analysis    
Table 12    Diesel/Petrol Truck: Average Price Comparison    
Table 13    Electric Truck: Average Price Comparison    
5.8    Technology Analysis    
5.8.1    Smart Charging System In E-Truck Stations    
Figure 40    Smart EV Charging System    
5.8.2    Solid-State Battery (SSB)    
5.8.3    Iot In Electric Vehicles    
5.9    Patent Analysis    
Table 14    Important Patent Registrations Related To The Electric Truck Market    
5.10    Case Study    
5.10.1    A Case Study On Battery-Electric Truck user’S Experiences In Norway    
5.11    Regulatory Overview    
5.11.1    Netherlands    
Table 15    Netherlands: Incentives For Electric Vehicles    
Table 16    Netherlands: Electric Vehicle Charging Station Incentives    
5.11.2    Germany    
Table 17    Germany: Electric Vehicle Incentives    
Table 18    Germany: Electric Vehicle Charging Station Incentives    
5.11.3    France    
Table 19    France: Electric Vehicle Incentives    
Table 20    France: Electric Vehicle Charging Station Incentives    
5.11.4    Uk    
Table 21    Uk: Electric Vehicle Incentives    
Table 22    Uk: Electric Vehicle Charging Station Incentives    
5.11.5    China    
Table 23    China: Electric Vehicle Incentives    
Table 24    China: Electric Vehicle Charging Station Incentives    
5.11.6    us    
Table 25    US: Electric Vehicle Incentives    
Table 26    US: Electric Vehicle Charging Station Incentives    
5.12    Covid-19 Impact Analysis    
5.12.1    Impact On Raw Material Supply    
5.12.2    Covid-19 Impact On The Automotive Industry    
5.12.3    OEM Announcements    
Table 27    OEM Announcements    
5.12.4    Impact On Electric Truck Production    
5.13    Electric Truck Market, Scenarios (2021–2030)    
5.13.1    Most Likely Scenario    
Table 28    Electric Trucks Market (Most Likely), By Region, 2021–2030 (Units)    
5.13.2    Optimistic Scenario    
Table 29    Electric Trucks Market (Optimistic), By Region, 2021–2030 (Units)    
5.13.3    Pessimistic Scenario    
Table 30    Electric Trucks Market (Pessimistic), By Region, 2021–2030 (Units)    

6    Electric Trucks Market, By Battery Capacity    
6.1    Introduction    
Figure 41    50-250 Kwh Segment Expected To Grow At The Highest CAGR During Forecast Period    
Table 31    Electric Trucks Market Size, By Battery Capacity, 2019–2030 (Units)
6.2    Operational Data    
Table 32    Electric Trucks And Their Battery Capacities    
Table 33    Vehicle Models, By Battery Capacity    
6.2.1    Assumptions    
Table 34    Assumptions: By Battery Capacity
6.2.2    Research Methodology    
6.3    <50 Kwh
6.3.1    High Adoption Rate Of Electric Pick-Up Trucks Is Expected To Boost The <50 Kwh Segment
Table 35    <50 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.4    50-250 Kwh
6.4.1    Affordable Electric Trucks And Pick-Up Trucks Drive 50-250 Kwh Segment In Asia Pacific
Table 36    50-250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)    
6.5    Above 250 Kwh
6.5.1    Trucks With A Battery Capacity Of More Than 250 Kwh Is Preferred To Transport Heavy Logistics    
Table 37    Above 250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)    
6.6    Key Industry Insights    
7    Electric Trucks Market, By Battery Type    
7.1    Introduction    
Figure 42    Lithium-Nickel-Manganese-Cobalt Oxide (Nmc) Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period    
Table 38    Electric Trucks Market Size, By Battery Type, 2019–2030 (Units)    
7.2    Operational Data    
Table 39    Electric Trucks Data, Battery Type    
Table 40    Types Of Lithium-Ion Battery Chemistries    
Table 41    Most Commonly used Lithium-Ion Batteries And Their Specifications    
7.2.1    Assumptions    
7.2.2    Research Methodology    
7.3    Lithium-Nickel-Manganese-Cobalt Oxide    
7.3.1    Advancements In Battery Technology To Boost Nmc Segment    
Table 42    Lithium-Nickel-Manganese-Cobalt Oxide Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)    
7.4    Lithium-Iron-Phosphate    
7.4.1    Low Prices Of LFP Batteries Drive Market    
Table 43    Lithium-Iron-Phosphate Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)    
7.5    Others    
7.5.1    OEMs Focus On R&D To Boost The Market For Other Batteries    
Table 44    Other Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)    1
7.6    Key Industry Insights    

8    Electric Trucks Market, By End user    
8.1    Introduction    
8.2    Operational Data    
8.2.1    Assumptions    
Table 47    Assumptions: By End user    
8.2.2    Research Methodology    
8.3    Last Mile Delivery    
8.4    Field Services    
8.5    Distribution Services    
8.6    Long Haul Transportation    
8.7    Refuse Services    
8.8    Key Industry Insights    

9    Electric Trucks Market, Level Of Automation    
9.1    Introduction    
9.2    Electric Trucks Market, By Level Of Automation    
Figure 44    Electric Trucks Market, By Level Of Automation, 2021 Vs. 2030 (Units)    
Table 48    Electric Trucks Market Size, By Level Of Automation, 2021–2030 (Units)    
9.3    Operational Data    
Table 49    Developments From OEMs Towards Self-Driving Technology    
9.3.1    Assumptions    
Table 50    Assumptions: By Electric Vehicle Type    
9.3.2    Research Methodology    
9.4    Level 1    
9.5    Level 2 & 3    
9.6    Level 4    
9.7    Level 5    
Table 51    OEM Models, By Level Of Automation    
9.8    Key Industry Insights    

10    Electric Trucks Market, By Payload Capacity    
10.1    Introduction    
10.2    Operational Data    
Table 52    Operational Data: Electric Trucks Data Based On Payload Capacity    
10.3    Upto 10,000 Lbs    
10.4    10,001- 26,000 Lbs    
10.5    Above 26,000 Lbs    

11    Electric Truck Market, By Propulsion Type    
11.1    Introduction    
Figure 45    The Bev Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period    
Table 53    Electric Trucks Market Size, By Propulsion Type, 2019–2030 (Units)    
11.2    Operational Data    
Table 54    Electric Truck Data, By Propulsion Type    
11.2.1    Assumptions    
11.2.2    Upcoming Electric Trucks And Electric Pick-Up Truck Models    
11.2.3    Research Methodology    
11.3    Bev    
11.3.1    Asia Pacific Is Expected To Dominate The Bev Market    
Table 55    Battery Electric Vehicles Market, By Region, 2019–2030 (Units)    
11.4    Fcev    
11.4.1    Ongoing Developments By Oems To Drive Fcev Market    
Table 56    Fuel Cell Electric Vehicles Market, By Region, 2019–2030 (Units)    
11.5    Phev    
11.5.1    Asia Pacific Is Projected To Be The Largest Phev Market    
Table 57    Plug-In Hybrid Electric Vehicles Market, By Region, 2019–2030 (Units)    
11.6    Key Industry Insights    

12    Electric Truck Market, By Range    
12.1    Introduction    
Figure 46    The Upto 200 Miles Segment Expected To Dominate Electric Trucks Market During The Forecast Period    1
Table 58    Electric Trucks Market Size, By Range, 2019–2030 (Units)    
12.2    Operational Data    
Table 59    New And Upcoming EV Truck Models, By Range    
12.2.1    Assumptions    
Table 60    Assumptions: By Range    
12.2.2    Research Methodology    
12.3    Upto 200 Miles    
12.3.1    Affordable Electric Trucks Have A Range Of Upto 200 Miles    
Table 61    Upto 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)    
12.4    Above 200 Miles    
12.4.1    Advancements In Battery Technologies Will Drive The Demand For Vehicles Having A Range Of Above 200 Miles    
Table 62    Above 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)    
12.5    Key Industry Insights    

13    Electric Trucks Market, By Type    
13.1    Introduction    
Table 63    Electric Trucks Market, By Type, 2019–2030 (Units)    
Figure 47    The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest CAGR During The Forecast Period    
13.2    Operational Data    
Table 64    Top New And Upcoming Electric Trucks Across The World    
13.2.1    Assumptions    
Table 65    Assumptions: By Type    
13.2.2    Research Methodology    
13.3    Light-Duty Trucks    
13.3.1    Growing Emission Norms And Last Mile Delivery For Commercial use Will Boost The Demand For These Trucks    
Table 66    Light-Duty Electric Vehicle Regulations    
Table 67    Light-Duty Electric Trucks Market, By Region, 2019–2030 (Units)    
Table 68    Light-Duty Commercial Trucks Market, By Robotaxi Market, 2021–2030 (Units)    
13.4    Medium-Duty Trucks    
13.4.1    The Adoption Of Electric Trucks In E-Commerce And Intra-State Logistics Will Boost The Demand For These Trucks    
Table 69    Medium-Duty Electric Trucks Market, By Region, 2019–2030 (Units)    
13.5    Heavy-Duty Trucks    
13.5.1    Adoption Of Electric Trucks For Inter-State Logistics And Specialised Trucks Will Increase The Demand For These Trucks    
Table 70    Heavy-Duty Electric Vehicle Regulations    
Table 71    Heavy-Duty Electric Trucks Market, By Region, 2019–2030 (Units)    
13.6    Key Primary Insights    

14    Electric Trucks Market, By Region    
14.1    Introduction    
Figure 48    Asia Pacific Is Expected To Be The Largest Market For Electric Trucks During The Forecast Period    
Table 72    Electric Trucks Market, By Region, 2019–2030 (usd Million)    
Table 73    Electric Trucks Market, By Region, 2019–2030 (Units)    
14.2    Asia Pacific    
Figure 49    Asia Pacific: Electric Trucks Market Snapshot    
Table 74    Asia Pacific: Electric Trucks Market, By Country, 2019–2030 (Units)    
14.2.1    China    
14.2.1.1    Increased Investment In Charging Infrastructure Will Drive The Market    
Table 75    China: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.2.2    India    
14.2.2.1    Government Initiatives Expected To Drive The Demand For Electric Trucks In The Country    
Table 76    India: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.2.3    Japan    
14.2.3.1    Advancements In Battery Technology Will Boost The Market    
Table 77    Japan: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.2.4    South Korea    
14.2.4.1    Increased Investment In Electric Commercial Vehicles Will Boost The Market    
Table 78    South Korea: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3    Europe    
Figure 50    Europe: Electric Trucks Market Snapshot    
Table 79    Europe: Electric Truck Market, By Country, 2019–2030 (Units)    
14.3.1    France    
14.3.1.1    Government Offering Purchase Grants Will Boost The Market    
Table 80    France: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3.2    Germany    
14.3.2.1    E-Highway Program Will Boost The Market    
Table 81    Germany: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3.3    Netherlands    
14.3.3.1    Government Focus On Greener Vehicles Will Boost The Demand For Electric Trucks    
Table 82    Netherlands: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3.4    Norway    
14.3.4.1    Government Incentives Will Fuel The Demand For Electric Trucks    
Table 83    Norway: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3.5    Sweden    
14.3.5.1    The Presence Of Top Oems Is Expected To Boost The Market    
Table 84    Sweden: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.3.6    UK    
14.3.6.1    Country Investment Towards Ultra-Low Emission Vehicles Will Boost The Market    
Figure 51    UK: Roadmap To 2035    
Table 85    UK: Electric Trucks Market, By Type, 2019–2030 (Units)    
14.4    North America    
Figure 52    North America: Electric Truck Market Snapshot    
Table 86    North America: Electric Truck Market, By Country, 2019–2030 (Units)    
14.4.1    Canada    
14.4.1.1    Increasing Development In Electric Vehicles Infrastructure Will Boost The Market    
Table 87    Canada: Electric Truck Market, By Type, 2019–2030 (Units)    
14.4.2    US    
14.4.2.1    Increasing Developments In Electric Truck Technology Will Drive The Market    
Table 88    US: Electric Trucks Market, By Type, 2019–2030 (Units)    

15    Competitive Landscape    
15.1    Overview    
Figure 53    Key Developments By Leading Players, 2018–2021    
15.2    Market Share Analysis For The Electric Trucks Market    
Table 89    Market Share Analysis, 2020    
Figure 54    Market Share Analysis, 2020    
15.3    Revenue Analysis Of Top Key Players    
15.4    Competitive Scenario    
15.4.1    New Product Launches    
Table 90    Product Launches, 2018–2021    
15.5    Deals    
Table 91    Deals, 2018–2021    
15.6    Others    
Table 92    Others, 2018-2021    
15.7    Company Evaluation Quadrant    
15.7.1    Stars    
15.7.2    Emerging Leaders    
15.7.3    Pervasive    
15.7.4    Participants    
Figure 55    Electric Truck Market: Company Evaluation Quadrant, 2021    
15.8    Electric Trucks Market: Company Footprint, 2021    
15.9    Electric Trucks Market: Product Footprint, 2021    
15.10    Electric Trucks Market: Regional Footprint, 2021    
15.11    Winners Vs. Tail-Enders    

16    Company Profiles    
(Business Overview, Products Offered, Swot Analysis)
16.1    Key Players    
16.1.1    BYD 
Table 93    BYD: Business Overview    
Figure 56    BYD: Company Snapshot    
Table 94    BYD: Products Offered    
Table 95    BYD: New Product Developments    
Table 96    BYD: Deals    
Table 97    BYD: Others    
16.1.2    AB Volvo    
Table 98    AB Volvo: Business Overview    
Figure 57    AB Volvo: Company Snapshot    
Table 99    AB Volvo: Products Offered    
Table 100    AB Volvo: New Product Developments    
Table 101    AB Volvo: Deals    
Table 102    AB Volvo: Others    
16.1.3    Daimler AG    
Table 103    Daimler AG: Business Overview    
Figure 58    Daimler AG: Company Snapshot    
Table 104    Daimler AG: Products Offered    
Table 105    Daimler AG: New Product Developments    
Table 106    Daimler AG: Deals    
Table 107    Daimler AG: Others    
16.1.4    Paccar Inc    
Table 108    Paccar Inc: Business Overview    
Figure 59    Paccar Inc: Company Snapshot    
Table 109    Paccar Inc: Products Offered    
Table 110    Paccar Inc: New Product Developments    
Table 111    Paccar Inc: Deals    
16.1.5    Scania Ab    
Table 112    Scania Ab: Business Overview    
Figure 60    Scania Ab: Company Snapshot    
Table 113    Scania Ab: Products Offered    
Table 114    Scania Ab: New Product Developments    
Table 115    Scania Ab: Deals    
Table 116    Scania Ab: Others    
16.1.6    Rivian    
Table 117    Rivian: Business Overview    
Table 118    Rivian: Products Offered    
Table 119    Rivian: New Product Developments    
Table 120    Rivian: Deals    
Table 121    Rivian: Others    
16.1.7    Tesla, Inc    
Table 122    Tesla, Inc.: Business Overview    
Figure 61    Tesla, Inc.: Company Snapshot    
Table 123    Tesla, Inc.: Products Offered    
Table 124    Tesla, Inc.: New Product Developments    
Table 125    Tesla, Inc.: Deals    
16.1.8    Navistar Inc    
Table 126    Navistar Inc: Business Overview    
Figure 62    Navistar Inc: Company Snapshot    
Table 127    Navistar Inc: Products Offered    
Table 128    Navistar Inc: New Product Developments    
Table 129    Navistar Inc: Deals    
Table 130    Navistar Inc: Others    
16.1.9    Dongfeng Motor Corporation    
Table 131    Dongfeng Motor Corporation: Business Overview    
Figure 63    Dongfeng Motor Corporation: Company Snapshot    
Table 132    Dongfeng Motor Corporation: Products Offered    
Table 133    Dongfeng Motor Corporation: Deals    
16.1.10    FAW Group Corporation    
Table 134    FAW Group Corporation: Business Overview    
Table 135    FAW Group Corporation: Products Offered    
Table 136    FAW Group Corporation: New Product Developments    
16.1.11    Proterra    
Table 137    Proterra: Business Overview    
Table 138    Proterra: Products Offered    
Table 139    Proterra: New Product Developments    
Table 140    Proterra: Deals    
16.1.12    VDL Groep    
Table 141    VDL Groep: Business Overview    
Figure 64    VDL Groep: Company Snapshot    
Table 142    VDL Groep: Products Offered    
Table 143    VDL Groep: New Product Developments    
Table 144    VDL Groep: Deals    
*Details On Business Overview, Products Offered, Recent Developments Not Be Captured In Case Of Unlisted Companies
16.2    Other Key Players    
16.2.1    Tata Motors    
16.2.2    Workhorse    
16.2.3    Nikola Corporation    
16.2.4    Ford Motor Company    
16.2.5    Ashok Leyland    
16.2.6    Isuzu Motors Ltd     
16.2.7    Yinlong Energy Co, Ltd 
16.2.8    Irizar Group     
16.2.9    Iveco S.P.A    
16.2.10    Triton     
16.2.11    Bollinger Motors    
16.2.12    XOS Trucks Inc    
16.2.13    Atlis Motor Vehicles    
16.2.14    Emoss Mobile Systems BV   
16.2.15    Kaiyun Motors    

17    Recommendations
17.1    North America And Asia Pacific Are Key Markets For Electric Trucks    
17.2    Adoption Of Light-Duty Electric Trucks Is On The Rise    
17.3    Conclusion    

18    Appendix    
18.1    Key Insights Of Industry Experts    
18.2    Discussion Guide    

Note: Product cover images may vary from those shown
  • BYD 
  • AB Volvo    
  • Daimler AG      
  • Paccar Inc    
  • Scania Ab    
  • Rivian    
  • Tesla, Inc    
  • Navistar Inc     
  • Dongfeng Motor Corporation     
  • FAW Group Corporation     
  • Proterra     
  • VDL Groep       
  • Tata Motors    
  • Workhorse    
  • Nikola Corporation    
  • Ford Motor Company    
  • Ashok Leyland    
  • Isuzu Motors Ltd     
  • Yinlong Energy Co, Ltd 
  • Irizar Group     
  • Iveco S.P.A    
  • Triton     
  • Bollinger Motors    
  • XOS Trucks Inc    
  • Atlis Motor Vehicles    
  • Emoss Mobile Systems BV   
  • Kaiyun Motors  
Note: Product cover images may vary from those shown

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