Electric Trucks Market worth $96.27 billion by 2030, growing at a CAGR of 27.28% - Exclusive Report by 360iResearch

The "Electric Trucks Market by Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Vehicle Type (Heavy-Duty Electric Truck, Light-Duty Electric Truck, Medium-Duty Electric Truck), Range, Automation, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Electric Trucks Market to grow from USD 17.78 billion in 2023 to USD 96.27 billion by 2030, at a CAGR of 27.28%.

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Electric trucks are charged by an electric motor that draws electricity from a battery and can be powered from an external source. Electric trucks transport cargo, carry specialized payloads, or perform utilitarian work. Governments worldwide are taking initiatives to encourage the adoption of e-mobility solutions, including electric trucks, to reduce the use of conventional trucks that contribute to harmful GHG emissions. The increasing focus of nations worldwide to expand the EV charging infrastructure encourages the adoption of electric trucks. However, high manufacturing and maintenance costs and longer charging times of electric trucks may limit end-user adoption. Moreover, the improvements in lithium power ion batteries and the integration of advanced technologies in electric trucks are expected to accelerate their use worldwide.

The adoption of electric trucks is growing in the Americas owing to new government initiatives to achieve net-zero emissions and ongoing activities to expand the electric vehicle charging infrastructure. For instance, in February 2023, the U.S. government announced plans to build a national network of 500,000 electric vehicle chargers along America's highways. The governments in the region have announced plans to reduce greenhouse gas (GHG) emissions by 2030 and reach net-zero emissions by 2050, which is expected to boost the adoption of electric trucks in the EMEA region. The electric trucks in APAC are expected to grow rapidly owing to rising fuel consumption, air pollution, and greenhouse gas emissions. Additionally, the ongoing advancements in electric trucks integrated with cutting-edge technologies to improve driver safety are expected to create immense potential for adopting electric trucks worldwide.

Market Segmentation & Coverage:

This research report categorizes the Electric Trucks Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Propulsion Type, market is studied across Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle. The Plug-in Hybrid Electric Vehicle is projected to witness significant market share during forecast period.

Based on Vehicle Type, market is studied across Heavy-Duty Electric Truck, Light-Duty Electric Truck, and Medium-Duty Electric Truck. The Medium-Duty Electric Truck is projected to witness significant market share during forecast period.

Based on Range, market is studied across 151-300 Miles, Above 300 Miles, and Upto 150 Miles. The Above 300 Miles is projected to witness significant market share during forecast period.

Based on Automation, market is studied across Level 0 (No Driving Automation), Level 1 (Driver Assistance), Level 2 (Partial Driving Automation), Level 3 (Conditional Driving Automation), Level 4 (High Driving Automation), and Level 5 (Full Driving Automation). The Level 3 (Conditional Driving Automation) is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Distribution Services, Field Services, Last Mile Delivery, Long Haul Transportation, and Refuse Services. The Field Services is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Electric Trucks Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Electric Trucks Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Electric Trucks Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, Alkè s.r.l., BAIC Foton Motor Co., Ltd, Bollinger Motors, Inc., BYD Motors Inc., DAF Trucks N.V., Daimler Truck AG, Dongfeng Commercial Vehicles Co., Ltd., Epiroc Group, FCA US LLC, Ford Motor Company, General Motors, HW ELECTRO Co., Ltd., Isuzu Motors Ltd., Iveco S.p.A., JAC Motors, Lion Electric Company, Mack Trucks, Inc., Mercedes-Benz Group AG, Mitsubishi Fuso Truck and Bus Corporation, Navistar, Inc., Nikola Corporation, Nissan Motor Co., Ltd., Orange EV, Paccar Inc, Proterra Inc., Riviann LLC, Scania CV AB, SEA Electric Group, Tata Motors Limited, Tesla, Inc., Tevva Motors Limited, Toyota Motor Corporation, Volkswagen AG, Volta Trucks AB, Workhorse Group, Inc., and Xos, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electric Trucks Market, by Propulsion Type
7. Electric Trucks Market, by Vehicle Type
8. Electric Trucks Market, by Range
9. Electric Trucks Market, by Automation
10. Electric Trucks Market, by End-Use
11. Americas Electric Trucks Market
12. Asia-Pacific Electric Trucks Market
13. Europe, Middle East & Africa Electric Trucks Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Electric Trucks Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electric Trucks Market?
3. What is the competitive strategic window for opportunities in the Electric Trucks Market?
4. What are the technology trends and regulatory frameworks in the Electric Trucks Market?
5. What is the market share of the leading vendors in the Electric Trucks Market?
6. What modes and strategic moves are considered suitable for entering the Electric Trucks Market?

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