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Electric Van Market By Range, By Battery Capacity, By Propulsion, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 305 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751179
An electric van functions on electricity and does not use conventional fuels, such as gasoline or diesel, as its power source. Electric van utilizes an electric motor to propel the vehicle. In addition, advantages of electric van comprise lower running costs, environment friendly, low maintenance costs, and others. Moreover, it is generally utilized for goods transportation, passenger transportation, e-commerce deliveries, last mile deliveries and others.

Electric vans with battery capacity more than 50 kWh are expected to witness considerable demand, due to their increased application in the logistics sector, last mile deliveries, and others in the near future. Moreover, introduction of new electric vans by the key players, with battery capacity more than 50 kWh in the market, supplement the growth of the market. For instance, in July 2020, Renault launched “Zoe” van for the UK market. Zoe is a cargo van which utilizes 52 kWh battery pack and has a range of 245 miles. Its load bay is 1205 mm long, and maximum load width is 1110 mm. In addition, it provides maximum payload capacity up to 387 kg. Moreover, it supports fast charging, which allows for 90 miles of range per 30 minutes of charging.

The electric van market has been affected by the recent trend toward self-driving vans. Top OEMs such as Volkswagen, and others, have developed self-driving electric vans for the market. For instance, in 2021, Volkswagen unveiled an autonomous ID.Buzz AD (AD stands for Autonomous Driving) at IAA Munich. ID.Buzz AD feature a roof-mounted Lidar sensor which is capable of detecting objects from more than 400 meters away. Moreover, self-driving electric van technology will increase the demand for electric vans in the long term due to various advantages such as ease of operation and the presence of value-added features. The technology is expected to mature in the next few years. Therefore, the development of self-driving electric vans technology is opportunistic for market growth.

The electric van market is segmented into on range, battery capacity, propulsion, application, and region. By range, it is fragmented into up to 100 miles, 100 to 200 miles, and above 200 miles. By battery capacity, it is categorized into up to 50 kWh, and above 50 kWh. By propulsion, it is fragmented into battery electric van, and plug-in hybrid electric van. By application, it is classified into personal, and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some leading companies profiled in the report include BYD Company Ltd, Ford Motor Company, General Motors Company, Mercedes-Benz Group AG, Nissan Motor Co., Ltd., Renault S.A., Stellantis NV, Toyota Motor Corporation, Volkswagen AG, and Workhorse Group Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric van market analysis from 2021 to 2031 to identify the prevailing electric van market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the electric van market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global electric van market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Application

  • Personal
  • Commercial

By Range

  • Up to 100 miles
  • 100 to 200 miles
  • Above 200 miles

By Battery Capacity

  • Up to 50 kWh
  • Above 50 kWh

By Propulsion

  • Battery Electric Van
  • Plug-in Hybrid Electric Van

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BYD Company Ltd
  • Ford Motor Company
  • General Motors Company
  • Mercedes-Benz Group AG
  • Nissan Motor Co., Ltd.
  • Renault S.A.
  • Stellantis NV
  • TOYOTA MOTOR CORPORATION
  • Volkswagen AG
  • Workhorse Group, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Increase in government initiatives for the promotion of e-mobility
3.4.1.2. Reduction in cost of electric vehicle batteries
3.4.1.3. Increase in demand for emission-free and high-performance electric vans
3.4.2.Restraints
3.4.2.1. Lack of charging infrastructure
3.4.2.2. Limited range of electric vans
3.4.3.Opportunities
3.4.3.1. Technological advancements
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: ELECTRIC VAN MARKET, BY RANGE
4.1 Overview
4.1.1 Market size and forecast
4.2. Up to 100 miles
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. 100 to 200 miles
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Above 200 miles
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country

CHAPTER 5: ELECTRIC VAN MARKET, BY BATTERY CAPACITY
5.1 Overview
5.1.1 Market size and forecast
5.2. Up to 50 kWh
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Above 50 kWh
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: ELECTRIC VAN MARKET, BY PROPULSION
6.1 Overview
6.1.1 Market size and forecast
6.2. Battery Electric Van
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Plug-in Hybrid Electric Van
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: ELECTRIC VAN MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2. Personal
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. Commercial
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country

CHAPTER 8: ELECTRIC VAN MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Range
8.2.3 North America Market size and forecast, by Battery Capacity
8.2.4 North America Market size and forecast, by Propulsion
8.2.5 North America Market size and forecast, by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Range
8.2.6.1.3 Market size and forecast, by Battery Capacity
8.2.6.1.4 Market size and forecast, by Propulsion
8.2.6.1.5 Market size and forecast, by Application
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Range
8.2.6.2.3 Market size and forecast, by Battery Capacity
8.2.6.2.4 Market size and forecast, by Propulsion
8.2.6.2.5 Market size and forecast, by Application
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Range
8.2.6.3.3 Market size and forecast, by Battery Capacity
8.2.6.3.4 Market size and forecast, by Propulsion
8.2.6.3.5 Market size and forecast, by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Range
8.3.3 Europe Market size and forecast, by Battery Capacity
8.3.4 Europe Market size and forecast, by Propulsion
8.3.5 Europe Market size and forecast, by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Range
8.3.6.1.3 Market size and forecast, by Battery Capacity
8.3.6.1.4 Market size and forecast, by Propulsion
8.3.6.1.5 Market size and forecast, by Application
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Range
8.3.6.2.3 Market size and forecast, by Battery Capacity
8.3.6.2.4 Market size and forecast, by Propulsion
8.3.6.2.5 Market size and forecast, by Application
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Range
8.3.6.3.3 Market size and forecast, by Battery Capacity
8.3.6.3.4 Market size and forecast, by Propulsion
8.3.6.3.5 Market size and forecast, by Application
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Range
8.3.6.4.3 Market size and forecast, by Battery Capacity
8.3.6.4.4 Market size and forecast, by Propulsion
8.3.6.4.5 Market size and forecast, by Application
8.3.6.5 Rest of Europe
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Range
8.3.6.5.3 Market size and forecast, by Battery Capacity
8.3.6.5.4 Market size and forecast, by Propulsion
8.3.6.5.5 Market size and forecast, by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Range
8.4.3 Asia-Pacific Market size and forecast, by Battery Capacity
8.4.4 Asia-Pacific Market size and forecast, by Propulsion
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Range
8.4.6.1.3 Market size and forecast, by Battery Capacity
8.4.6.1.4 Market size and forecast, by Propulsion
8.4.6.1.5 Market size and forecast, by Application
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Range
8.4.6.2.3 Market size and forecast, by Battery Capacity
8.4.6.2.4 Market size and forecast, by Propulsion
8.4.6.2.5 Market size and forecast, by Application
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Range
8.4.6.3.3 Market size and forecast, by Battery Capacity
8.4.6.3.4 Market size and forecast, by Propulsion
8.4.6.3.5 Market size and forecast, by Application
8.4.6.4 South Korea
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Range
8.4.6.4.3 Market size and forecast, by Battery Capacity
8.4.6.4.4 Market size and forecast, by Propulsion
8.4.6.4.5 Market size and forecast, by Application
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Range
8.4.6.5.3 Market size and forecast, by Battery Capacity
8.4.6.5.4 Market size and forecast, by Propulsion
8.4.6.5.5 Market size and forecast, by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Range
8.5.3 LAMEA Market size and forecast, by Battery Capacity
8.5.4 LAMEA Market size and forecast, by Propulsion
8.5.5 LAMEA Market size and forecast, by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Range
8.5.6.1.3 Market size and forecast, by Battery Capacity
8.5.6.1.4 Market size and forecast, by Propulsion
8.5.6.1.5 Market size and forecast, by Application
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Range
8.5.6.2.3 Market size and forecast, by Battery Capacity
8.5.6.2.4 Market size and forecast, by Propulsion
8.5.6.2.5 Market size and forecast, by Application
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Range
8.5.6.3.3 Market size and forecast, by Battery Capacity
8.5.6.3.4 Market size and forecast, by Propulsion
8.5.6.3.5 Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1 BYD Company Ltd
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Ford Motor Company
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 General Motors Company
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 Mercedes-Benz Group AG
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Nissan Motor Co., Ltd.
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Renault S.A.
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 Stellantis NV
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 TOYOTA MOTOR CORPORATION
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 Volkswagen AG
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Workhorse Group, Inc.
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 2. Electric Van Market for Up to 100 Miles, by Region, 2021-2031 (Revenue, $Million)
Table 3. Electric Van Market for 100 to 200 Miles, by Region, 2021-2031 (Revenue, $Million)
Table 4. Electric Van Market for Above 200 Miles, by Region, 2021-2031 (Revenue, $Million)
Table 5. Global Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 6. Electric Van Market for Up to 50 kWh, by Region, 2021-2031 (Revenue, $Million)
Table 7. Electric Van Market for Above 50 kWh, by Region, 2021-2031 (Revenue, $Million)
Table 8. Global Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 9. Electric Van Market for Battery Electric Van, by Region, 2021-2031 (Revenue, $Million)
Table 10. Electric Van Market for Plug-In Hybrid Electric Van, by Region, 2021-2031 (Revenue, $Million)
Table 11. Global Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 12. Electric Van Market for Personal, by Region, 2021-2031 (Revenue, $Million)
Table 13. Electric Van Market for Commercial, by Region, 2021-2031 (Revenue, $Million)
Table 14. Electric Van Market, by Region, 2021-2031 (Revenue, $Million)
Table 15. North America Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 16. North America Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 17. North America Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 18. North America Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 19. North America Electric Van Market, by Country, 2021-2031 (Revenue, $Million)
Table 20. U.S. Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 21. U.S. Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 22. U.S. Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 23. U.S. Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 24. Canada Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 25. Canada Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 26. Canada Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 27. Canada Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 28. Mexico Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 29. Mexico Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 30. Mexico Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 31. Mexico Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 32. Europe Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 33. Europe Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 34. Europe Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 35. Europe Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 36. Europe Electric Van Market, by Country, 2021-2031 (Revenue, $Million)
Table 37. UK Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 38. UK Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 39. UK Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 40. UK Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 41. Germany Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 42. Germany Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 43. Germany Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 44. Germany Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 45. France Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 46. France Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 47. France Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 48. France Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 49. Italy Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 50. Italy Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 51. Italy Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 52. Italy Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 53. Rest of Europe Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 54. Rest of Europe Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 55. Rest of Europe Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 56. Rest of Europe Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 57. Asia-Pacific Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 58. Asia-Pacific Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 59. Asia-Pacific Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 61. Asia-Pacific Electric Van Market, by Country, 2021-2031 (Revenue, $Million)
Table 62. China Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 63. China Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 64. China Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 65. China Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Japan Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 67. Japan Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 68. Japan Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 69. Japan Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 70. India Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 71. India Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 72. India Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 73. India Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 74. South Korea Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 75. South Korea Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 76. South Korea Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 77. South Korea Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 78. Rest of Asia-Pacific Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 79. Rest of Asia-Pacific Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 80. Rest of Asia-Pacific Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 81. Rest of Asia-Pacific Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 82. LAMEA Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 83. LAMEA Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 84. LAMEA Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 85. LAMEA Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 86. LAMEA Electric Van Market, by Country, 2021-2031 (Revenue, $Million)
Table 87. Latin America Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 88. Latin America Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 89. Latin America Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 90. Latin America Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 91. Middle East Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 92. Middle East Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 93. Middle East Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 94. Middle East Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 95. Africa Electric Van Market, by Range, 2021-2031 (Revenue, $Million)
Table 96. Africa Electric Van Market, by Battery Capacity, 2021-2031 (Revenue, $Million)
Table 97. Africa Electric Van Market, by Propulsion, 2021-2031 (Revenue, $Million)
Table 98. Africa Electric Van Market, by Application, 2021-2031 (Revenue, $Million)
Table 99. Byd Company Ltd.: Key Executives
Table 100. Byd Company Ltd.: Company Snapshot
Table 101. Byd Company Ltd.: Operating Segments
Table 102. Byd Company Ltd.: Product Portfolio
Table 103. Byd Company Ltd.: Net Sales
Table 104. Byd Company Ltd.: Key Strategies
Table 105. Ford Motor Company: Key Executives
Table 106. Ford Motor Company: Company Snapshot
Table 107. Ford Motor Company: Operating Segments
Table 108. Ford Motor Company: Product Portfolio
Table 109. Ford Motor Company: Net Sales
Table 110. Ford Motor Company: Key Strategies
Table 111. General Motors Company: Key Executives
Table 112. General Motors Company: Company Snapshot
Table 113. General Motors Company: Operating Segments
Table 114. General Motors Company: Product Portfolio
Table 115. General Motors Company: Net Sales
Table 116. General Motors Company: Key Strategies
Table 117. Mercedes-Benz Group AG: Key Executives
Table 118. Mercedes-Benz Group AG: Company Snapshot
Table 119. Mercedes-Benz Group AG: Operating Segments
Table 120. Mercedes-Benz Group AG: Product Portfolio
Table 121. Mercedes-Benz Group AG: Net Sales
Table 122. Mercedes-Benz Group AG: Key Strategies
Table 123. Nissan Motor Co. Ltd.: Key Executives
Table 124. Nissan Motor Co. Ltd.: Company Snapshot
Table 125. Nissan Motor Co. Ltd.: Operating Segments
Table 126. Nissan Motor Co. Ltd.: Product Portfolio
Table 127. Nissan Motor Co. Ltd.: Net Sales
Table 128. Nissan Motor Co. Ltd.: Key Strategies
Table 129. Renault SA: Key Executives
Table 130. Renault SA: Company Snapshot
Table 131. Renault SA: Operating Segments
Table 132. Renault SA: Product Portfolio
Table 133. Renault SA: Net Sales
Table 134. Renault SA: Key Strategies
Table 135. Stellantis Nv: Key Executives
Table 136. Stellantis Nv: Company Snapshot
Table 137. Stellantis Nv: Operating Segments
Table 138. Stellantis Nv: Product Portfolio
Table 139. Stellantis Nv: Net Sales
Table 140. Stellantis Nv: Key Strategies
Table 141. Toyota Motor Corporation: Key Executives
Table 142. Toyota Motor Corporation: Company Snapshot
Table 143. Toyota Motor Corporation: Operating Segments
Table 144. Toyota Motor Corporation: Product Portfolio
Table 145. Toyota Motor Corporation: Net Sales
Table 146. Toyota Motor Corporation: Key Strategies
Table 147. Volkswagen AG: Key Executives
Table 148. Volkswagen AG: Company Snapshot
Table 149. Volkswagen AG: Operating Segments
Table 150. Volkswagen AG: Product Portfolio
Table 151. Volkswagen AG: Net Sales
Table 152. Volkswagen AG: Key Strategies
Table 153. Workhorse Group, Inc.: Key Executives
Table 154. Workhorse Group, Inc.: Company Snapshot
Table 155. Workhorse Group, Inc.: Operating Segments
Table 156. Workhorse Group, Inc.: Product Portfolio
Table 157. Workhorse Group, Inc.: Net Sales
Table 158. Workhorse Group, Inc.: Key Strategies

List of Figures
Figure 1. Segmentation of Electric Van Market,2021-2031
Figure 2. Electric Van Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Electric Van Market:Drivers, Restraints and Opportunities
Figure 10. Electric Van Market,By Range,2021(%)
Figure 11. Comparative Share Analysis of Up to 100 Miles Electric Van Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of 100 to 200 Miles Electric Van Market, 2021 and 2031(%)
Figure 13. Comparative Share Analysis of Above 200 Miles Electric Van Market, 2021 and 2031(%)
Figure 14. Electric Van Market,By Battery Capacity,2021(%)
Figure 15. Comparative Share Analysis of Up to 50 kWh Electric Van Market, 2021 and 2031(%)
Figure 16. Comparative Share Analysis of Above 50 kWh Electric Van Market, 2021 and 2031(%)
Figure 17. Electric Van Market,By Propulsion,2021(%)
Figure 18. Comparative Share Analysis of Battery Electric Van Electric Van Market, 2021 and 2031(%)
Figure 19. Comparative Share Analysis of Plug-In Hybrid Electric Van Electric Van Market, 2021 and 2031(%)
Figure 20. Electric Van Market,By Application,2021(%)
Figure 21. Comparative Share Analysis of Personal Electric Van Market, 2021 and 2031(%)
Figure 22. Comparative Share Analysis of Commercial Electric Van Market, 2021 and 2031(%)
Figure 23. Electric Van Market by Region,2021
Figure 24. U.S. Electric Van Market,2021-2031($Million)
Figure 25. Canada Electric Van Market,2021-2031($Million)
Figure 26. Mexico Electric Van Market,2021-2031($Million)
Figure 27. UK Electric Van Market,2021-2031($Million)
Figure 28. Germany Electric Van Market,2021-2031($Million)
Figure 29. France Electric Van Market,2021-2031($Million)
Figure 30. Italy Electric Van Market,2021-2031($Million)
Figure 31. Rest of Europe Electric Van Market,2021-2031($Million)
Figure 32. China Electric Van Market,2021-2031($Million)
Figure 33. Japan Electric Van Market,2021-2031($Million)
Figure 34. India Electric Van Market,2021-2031($Million)
Figure 35. South Korea Electric Van Market,2021-2031($Million)
Figure 36. Rest of Asia-Pacific Electric Van Market,2021-2031($Million)
Figure 37. Latin America Electric Van Market,2021-2031($Million)
Figure 38. Middle East Electric Van Market,2021-2031($Million)
Figure 39. Africa Electric Van Market,2021-2031($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap of Top 10 Key Players
Figure 46. Top Player Positioning, 2021
Figure 47. Byd Company Ltd.: Net Sales ($Million)
Figure 48. Ford Motor Company.: Net Sales ($Million)
Figure 49. General Motors Company.: Net Sales ($Million)
Figure 50. Mercedes-Benz Group AG.: Net Sales ($Million)
Figure 51. Nissan Motor Co. Ltd..: Net Sales ($Million)
Figure 52. Renault SA.: Net Sales ($Million)
Figure 53. Stellantis Nv.: Net Sales ($Million)
Figure 54. Toyota Motor Corporation.: Net Sales ($Million)
Figure 55. Volkswagen AG.: Net Sales ($Million)
Figure 56. Workhorse Group, Inc..: Net Sales ($Million)

Executive Summary

The Electric Van Market is expected to experience a significant growth rate of 28.9% from 2022 to 2031 owing to increase in demand for emission-free & high-performance electric vans globally.

Electric vans run on electricity and utilize an electric motor instead of an internal combustion engine. The electricity is provided by the batteries installed in the electric van. A traction battery pack powers the electric motor and vans are recharged by plugging into a charging station or wall outlet. In addition, electric van is generally used for commercial purposes such as cargo transportation, package delivery, last mile deliveries, and others. Moreover, electric vans have several advantages such as environment friendly, lower running costs, low maintenance costs, and others.

The growth of the global electric van market is driven by increase in government initiatives for the promotion of e-mobility, reduction in cost of electric vehicle batteries, and increase in demand for emission-free & high-performance electric vans. However, lack of charging infrastructure, and limited range of electric vans are the factors hampering the growth of the market. Furthermore, technological advancements is the factor expected to offer growth opportunities during the forecast period.

The electric van market is segmented into range, battery capacity, propulsion, application, and region. By range, it is fragmented into up to 100 miles, 100 to 200 miles, and above 200 miles. By battery capacity, it is categorized into up to 50 kWh, and above 50 kWh. By propulsion, it is fragmented into battery electric van, and plug-in hybrid electric van. By application, it is classified into personal and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America includes the U.S., Canada, and Mexico across which the electric van market has been studied. Large number of companies are headquartered in this region, thus making North America a lucrative market for electric van. Increase in adoption of electric mobility across various countries in North America is expected to propel the growth of the electric van market. In addition, numerous electric van manufacturing companies are receiving orders to develop & deliver new electric vans for use in last-mile delivery fleets, boosts the growth of the market across North America. For instance, in September 2022, Shyft Group secured its first 2,000-unit pre-order for its new line of electric Class 3, 4 and 5 walk-in delivery vans, under its new Blue Arc sub-brand from Randy Marion Automotive Group. The new electric delivery vans feature 150 miles of range and are intended for last mile delivery fleets.

Widespread adoption of light-duty electric vehicles, increase in consumers & government spending, and public charging availability are some of the aspects primarily fueling growth of the electric van market in the U.S. In addition, electric van manufacturers have received numerous contracts from the retailer companies to deliver new electric vans, which contribute in the growth of the market in the U.S. region. For instance, in July 2022, Walmart Inc. signed an agreement with Canoo, an American startup, under which Canoo will deliver 4,500 all-electric delivery vans to Walmart. The agreement enables Walmart to purchase the new Canoo Lifestyle Delivery vehicle (LDV) with the option to purchase up to 10,000 units.

Some leading companies profiled in the report include BYD Company Ltd, Ford Motor Company, General Motors Company, Mercedes-Benz Group AG, Nissan Motor Co., Ltd., Renault S.A., Stellantis NV, Toyota Motor Corporation, Volkswagen AG, and Workhorse Group Inc. The key players operating in the electric van market are adopting various Strategies such as product launch, and joint venture to remain competitive and gain advantage over the competitors in the market. For instance, in May 2022, Ford Motor company launched all-new electric van namely, “E-Transit Custom” in Europe. It has a 236 miles (400 km) range and is capable of full towing capability & fast charging. In addition, it will be used for commercial purposes across Europe. In addition, in August 2021, Citroen launched its new electric van namely, “Citroen e-Relay” in the UK. The new electric van is available in Panel Van, Window Van or Chassis Cab configurations. In addition, it has two lithium-ion battery packs option such as 37-kWh battery and 70-kWh battery. The 37-kWh battery option provides a range of 73 miles, while 70 kWh battery option provides a range of 139 miles.

Key Market Insights

By range, the 100 to 200 miles segment was the highest revenue contributor to the market and is estimated to dominate the market during the forecast period.

By battery capacity, the above 50 kWh segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.

By propulsion, the battery electric van segment dominated the global market in 2021, and is estimated to capture the highest market share during the forecast period.

By application, the commercial segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.

By region, Asia-Pacific was the highest revenue contributor, accounting for largest market share in 2021, and is estimated to grow with a significant CAGR during the forecast period.

Companies Mentioned

  • BYD Company Ltd
  • Ford Motor Company
  • General Motors Company
  • Mercedes-Benz Group AG
  • Nissan Motor Co., Ltd.
  • Renault S.A.
  • Stellantis NV
  • TOYOTA MOTOR CORPORATION
  • Volkswagen AG
  • Workhorse Group, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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