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Global Electric Trucks Market Opportunities and Forecast 2020-2027
Global Electric Trucks Market, By Vehicle Type (E-Scooter/Moped, E-Motorcycle), By Battery Type (Sealed lead acid, Lithium-ion), and opportunities and forecast 2020-2027
Electric Trucks Market Overview
Due to technological advancements and production of ev batteries on a mass scale, the cost of energy unit batteries has been decreasing over the past decade. This has diode to a decrease in value of the electrical trucks as energy unit batteries ar one among the foremost costly elements of an electrical truck. At the side of the growing demand for low emission transportation, this may cause an increase in adoption of electrical trucks within the returning decade. In 2020, Tesla, one among the world’s prime makers of energy unit’s has already declared plans to drastically cut back the costs of their EV batteries within the next few years. Alternative prime battery makers like Samsung SDI, Panasonic, LG Chem, SK Innovative, CATL, etc. are operating with prime energy unit makers for achieving this goal within the next 4-5 years.
The initial investment for manufacturing electrical trucks is way higher compared to it of rock oil, diesel or CNG trucks. The worth of elements and machinery used for production is additionally quite high. This can be for the most part because of the high value {of electrical|of electrical} batteries employed in electric trucks. Once battery technology improves and costs fall, the worth of electrical trucks can get less than trucks victimization alternative fuel sorts. The assembly of those trucks is a smaller amount subtle compared to alternative fuel-trucks and so is extremely suffering from the costs of energy unit batteries within the market. As production of those vehicles is presently done on a restricted scale, the price of production of those vehicles continues to be quite high compared to alternative trucks. Consistent with a report on Forbes by energy innovation, the producing value of an electrical truck is way higher presently compared to diesel or gasolene trucks, however by 2030, it'll be five hundredth cheaper compared to diesel and gasolene variants with falling battery costs.
The electric trucks market is going to be suffering from the recent trend of self-driving trucks. Prime OEM’s like Tesla, Volvo, Vera, applied scientist etc. are developing self-driving electrical trucks for the market. Startups like Embark, Einride, TuSimple, Ike, etc. have conjointly started developing self-driving electrical trucks. Self-driving electrical truck technology can increase demand for electrical trucks within the long-standing time because of the assorted benefits like simple use, presence important more options etc. This technology is predicted to mature by future 5-6 years.
Report Metric
Details
Market size available for years
2019–2027
Base year considered
2019
Forecast period
2020–2027
Forecast unit
Value (USD Million)
Segments covered
Vehicle Type, Battery Type , and Region
Regions covered
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered
AB Volvo, BYD company Ltd. Daimler AG, Dongfeng Motor Company, Geely Automobiles Holdings Limited, Man SE, Paccar Inc.,Scania ,Tata Motors, Workhorse.
The covid-19 Impact on Electric Trucks Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Electric Trucks Market Segment Overview
The E-Motorcycle segment is predicted to be the fastest-growing segment throughout the forecast amount. The e-motorcycle segment is that the fastest-growing market. Earlier, manufacturers were specializing in developing e-scooters/mopeds as they need a style a lot of appropriate to include the electrical system. However, e-scooters/mopeds have vary and performance constraints; conjointly, they serve the restricted purpose of short-distance travelling solely. With e-motorcycles, users may serve completely different functions like cruising, racing, off-roading, and travelling, which might increase their demand within the future.
Lithium-ion battery phase is predicted to be the fastest-growing phase throughout the forecast amount. The lithium-ion phase is projected to be the faster-growing phase within the electrical scooter and bike market throughout the forecast amount. Makers try to develop electrical scooters and motorcycles equipped with advanced lithium-ion batteries. The restricted lifecycle and usable capability area unit probably to shift the main focus from lead-acid batteries to lithium-ion batteries and drive the electrical scooter and bike market throughout the forecast amount. Another advantage of a lithium-ion battery is light-weight, that helps maintain the energy to weight ratio of the vehicle. Its electrodes area unit product of metallic element and carbon. It will store a lot of energy per kg of weight compared to a storage battery. Also, lithium-ion batteries' value is high, however it's come back down considerably within the previous couple of years and is predicted to scale back additional.
Market Analysis, Insights and Forecast – By Vehicle Type · E-Scooter/Moped · E-Motorcycle
Market Analysis, Insights and Forecast – By Battery Type · Sealed lead acid · Lithium-ion
Electric Trucks Market Regional Overview
Region-wise, in terms of regions, European region accounts for the most important market share for the electrical trucks market within the forecasted period. The electrical trucks market in Europe is segmented into France, Germany, netherlands, Norway, Sweden, and uk. Europe has demanding emission regulation standards. The governments of European region area unit providing immense incentives to market electrical vehicles. As a result, the demand for electrical vehicles has enlarged hugely within the region. The region is home to electrical truck makers like Volvo, Daimler et al.. Europe has set a really bold goal of reducing eightieth CO2 emission by 2050 and has created a roadmap for a similar. The governments of assorted countries in Europe area unit subsidizing electrical infrastructure and therefore the focus can still air electrical vehicles within the long haul.
Electric Trucks Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Electric Trucks Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Electric Trucks are highlighted below.
· In August 2020, Okinawa Autotech launched its new electrical scooter, R30. The scooter belongs to the low-speed range, having a most speed of 25 km/h.
Electric Trucks Market, Key Players
· AB Volvo · BYD Compay Ltd. · Daimler AG · Dongfeng Motor Company · Geely Automobiles Holdings Limited · Man SE · Paccar Inc. · Scania · Tata Motors · Workhorse
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Electric Trucks market during the forecast period?
A. Electric Trucks market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Electric Trucks Market?
A. E- motorcycle segment is projected to hold the largest share in the Electric Trucks Market.
Q3. What are the driving factors for the Electric Trucks market?
A. Due to technological advancements and production of ev batteries on a mass scale, the cost of energy unit batteries has been decreasing over the past decade are key factors that boost the growth of the Electric Trucks market progressively
Q4. Which Segments are covered in the Electric Trucks market report?
A. Vehicle Type, Battery Type, and Region, these segments are covered in the Electric Trucks market report
Q5. Which are the prominent players offering Electric Trucks?
A. AB Volvo, BYD company Ltd. Daimler AG, Dongfeng Motor Company, Geely Automobiles Holdings Limited, Man SE, Paccar Inc.,Scania ,Tata Motors, Workhorse
Electric Trucks Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Electric Trucks Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Vehicle Type
5.2.1. E-Scooter/Moped
5.2.2. E-Motorcycle
5.3. Market Analysis, Insights and Forecast – By Battery Type
5.3.1. Sealed lead acid
5.3.2. Lithium-ion
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East, and Africa
6. North America Electric Trucks Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Vehicle Type
6.2.1. E-Scooter/Moped
6.2.2. E-Motorcycle
6.3. Market Analysis, Insights and Forecast – By Battery Type
6.3.1. Sealed lead acid
6.3.2. Lithium-ion
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Electric Trucks Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Vehicle Type
7.2.1. E-Scooter/Moped
7.2.2. E-Motorcycle
7.3. Market Analysis, Insights and Forecast – By Battery Type
7.3.1. Sealed lead acid
7.3.2. Lithium-ion
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Electric Trucks Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Vehicle Type
8.2.1. E-Scooter/Moped
8.2.2. E-Motorcycle
8.3. Market Analysis, Insights and Forecast – By Battery Type
8.3.1. Sealed lead acid
8.3.2. Lithium-ion
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Electric Trucks Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Vehicle Type
9.2.1. E-Scooter/Moped
9.2.2. E-Motorcycle
9.3. Market Analysis, Insights and Forecast – By Battery Type
9.3.1. Sealed lead acid
9.3.2. Lithium-ion
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. AB Volvo
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. BYD Compay Ltd.
10.6. Daimler AG
10.7. Dongfeng Motor Company
10.8. Geely Automobiles Holdings Limited
10.9. Man SE
10.10. Paccar Inc.
10.11. Scania
10.12. Tata Motors
List of Figures
Figure 1: Global Electric Trucks Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Electric Trucks Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Electric Trucks Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Electric Trucks Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Electric Trucks Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Electric Trucks Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Electric Trucks Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Electric Trucks Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Electric Trucks Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027
