The global electric trucks market size was valued at $ 495.1 Million in 2020 and is expected to reach $ 3,165.6 Million by 2028 growing at the CAGR of 25.31% from 2021 to 202. This growth is attributed to several macro and microeconomic factors such as
- Stringent emission norms imposed on fossil-fuel powered vehicles
- Driver 2
- Driver 3
Further several factors restraining the market growth include
- Lack of charging infrastructure
- Restrain 2
Collaborations and Alliances in the Electric Trucks market are expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Electric Trucks market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the Electric Trucks market report also includes following data points:
- Impact on Electric Trucks market size
- End User Trend, Preferences and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Electric Trucks market
Key Insight in the report:
The global Electric Trucks market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which include following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Electric Trucks market is analyzed across below-mentioned different segments:
- Range
- 0-150 miles
- 151-300 miles
- 300 miles above
- Propulsion
- Battery electric truck
- Hybrid electric truck
- Plug-in hybrid electric truck
- Fuel cell electric truck
- Vehicle Type
- Light duty electric truck
- Medium duty electric truck
- Heavy-duty electric truck
Electric Trucks market is also analyzed across below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in the Electric Trucks market include:
- AB VOLVO
- BYD Company Ltd.
- DAIMLER
- MAN
- SCANIA
- Dongfeng Motor Group Co., Ltd
- Rivian
- Tata Motors
- Tesla
- Workhorse
REPORT CONTENT BRIEF:
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Electric Trucks market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding the industry dynamics of the Electric Trucks market