Electric Trucks Market | Leading Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025
The Global electric trucks market is expected to grow by 391.50 th units, accelerating at a CAGR of 28.88% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Get a peek into our extensive market analysis: Request for Our FREE Sample Report
Electric Trucks Market: Segments and Leading Regions
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented Type (hybrid electric trucks and battery electric trucks) and Geography (APAC, North America, Europe, South America, and MEA).
- In terms of geographic segmentation we found that 67% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Trucks Market size.
Electric Trucks Market: Trends, Drivers, Challenges
The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.
- A significant factor in driving the growth of the Electric Trucks Market will be the growing demand for fuel-efficient and low-emission vehicles.
- Stringent rules and regulations with respect to environmental pollution will be instrumental in driving market growth during the forecast period.
- One of the key challenges that market players need to contend with is the high upfront cost of electric trucks.
Electric Trucks Market: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- AB Volvo, BYD Co. Ltd., Daimler AG, Deutsche Post AG, Hino Motors Ltd., Nissan Motor Co. Ltd., PORSCHE AG, PACCAR Inc., Renault SA, and Tesla Inc. are some of the major market participants.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 28.88%.
- What is the incremental growth of the market?
The market is expected to grow by 391.50 th units through 2021-2025.
- What is a key factor driving this market?
growing demand for fuel-efficient and low-emission vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
67% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are AB Volvo, BYD Co. Ltd., Daimler AG, Deutsche Post AG, Hino Motors Ltd., Nissan Motor Co. Ltd., PORSCHE AG, PACCAR Inc., Renault SA, and Tesla Inc.
- What are the market segments covered in this report?
The market is segmented by Type (hybrid electric trucks and battery electric trucks) and Geography (APAC, North America, Europe, South America, and MEA)
Electric Trucks Market | Leading Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025
Global electric trucks market will post an incremental growth of 391.50 th units and progressing at a CAGR of 28.88% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Need more details on this market: Request for Our FREE Sample Report
Electric Trucks Market: Segments and Leading Regions
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- The report segments the market by Type (hybrid electric trucks and battery electric trucks) and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
- The APAC region emerged as the leading segment in recent years. 67% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Trucks Market size.
Electric Trucks Market: Trends, Drivers, Challenges
The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.
- A key market driver for the Electric Trucks Market will be growing demand for fuel-efficient and low-emission vehicles.
- Stringent rules and regulations is another factor that will be instrumental in driving market growth during the forecast period.
- High upfront cost of electric trucks is a hurdle that needs to be crossed on the path to success.
Electric Trucks Market: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- AB Volvo, BYD Co. Ltd., Daimler AG, Deutsche Post AG, Hino Motors Ltd., Nissan Motor Co. Ltd., PORSCHE AG, PACCAR Inc., Renault SA, and Tesla Inc. are some of the major market participants.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through some of other related market research reports for more insights:
- Heavy-duty Trucks Market in Europe: Accelerating at a CAGR of 14%, the heavy-duty trucks market in Europe is expected to post an incremental growth of 92.85 th units over the next five years.
- Heavy-duty Trucks Market: The Global Heavy-duty Trucks Market is projected to grow by 474.96 th units, decelerating at a CAGR of 5.55% till 2025.
- Dump Trucks Market: Dump trucks market is set to post an incremental growth of $ 5.27 bn during 2022-2026.
- Mining Truck Market: Mining truck market is set to post an incremental growth of $ 991.95 mn during 2021-2025.
- Forklift Trucks Market: Global forklift trucks market will post an incremental growth of 198.72 th units and progressing at a CAGR of almost 3% during the forecast period.
- Pallet Trucks Market: The pallet trucks market is set to post an incremental growth of $ 989.50 mn, accelerating at a CAGR of almost 4% during the forecast period.
- Tipper Trucks Market: The tipper trucks market is expected to grow by $ 4 bn, accelerating at a CAGR of almost 2.09% during the forecast period.
- Used Trucks Market: Technavio has been monitoring the used trucks market and it is expected to grow by 6.47 mn units, accelerating at a CAGR of almost 4% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 28.88%.
- What is the incremental growth of the market?
The market is expected to grow by 391.50 th units through 2021-2025.
- What is a key factor driving this market?
growing demand for fuel-efficient and low-emission vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
67% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are AB Volvo, BYD Co. Ltd., Daimler AG, Deutsche Post AG, Hino Motors Ltd., Nissan Motor Co. Ltd., PORSCHE AG, PACCAR Inc., Renault SA, and Tesla Inc.
- What are the market segments covered in this report?
The market is segmented by Type (hybrid electric trucks and battery electric trucks) and Geography (APAC, North America, Europe, South America, and MEA)
