Electric Truck Market Highlights:
The prominent players in the Electric Truck market include:
Dongfeng Motor Corporation (China), Foton Motor Inc. (China), Daimler AG (China), AB Volvo (Sweden), FAW Group Co., Ltd. (China), and China National Heavy-Duty Truck Group Co., Ltd., (China). PACCAR Inc. (US), Navistar, Inc. (US), Isuzu Motors Ltd (Japan), and BYD Auto Co., Ltd. (China) are among others.
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Electric Truck Market Drivers and Restraints:
Global electric truck market has seen remarkable growth; expected to rise at a CAGR of 15%. Increased stringent government policies to control vehicle emissions and incentives policies to buy electric trucks in various countries such as China, the US, Germany, and Japan are the major driving factors for the global electric truck market. Increased per capita disposable income, continuous increasing fuel prices, and continuous increase in the transport activities will further drive the growth of the electric trucks market.
Continuously decreasing price of the battery will draw the consumer’s attraction towards, electric mobility, which would further enhance the market revenue for the electric trucks. Moreover, due to the less operating cost associated with electric mobility and increased efforts from the side of manufacturers such as discounts on additional features or packages in the electric truck will boost the sales of the electric trucks during the forecast period.
However, high cost associated with R&D will increase the cost of the vehicle, which is expected to hamper the growth for the global electric trucks market. Creating awareness among consumers about the product is a major challenge for the manufacturers in the global electric truck market.
Global Electric Truck Market Segments Analysis:
Global electric truck market is segmented on the basis of truck type, charge type, application, and region.
On the basis of truck type, the market has been segmented into medium duty and heavy duty.
On the basis of charge type, the market has been segmented into battery, plug-in hybrid, hybrid, and hydrogen fuel cell.
On the basis of application, the market has been segmented into logistic, municipal, and others.
Global Electric Truck Market Regional Analysis:
In terms of region, the global market for the electric truck is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The electric truck market is flourishing in many regions such as North America and Europe as well as in countries such as China. Additionally, there is an availability of incentives and subsidies that would provide through government schemes which further enhance the global sales of the electric trucks in Asia-Pacific. In Asia-Pacific, China is leading in terms of manufacturing all types of fully or hybrid electric technologies such as electric trucks owing to the presence of major manufacturers of electric trucks.
In Europe, it is predicted that the region will switch to full or hybrid electric trucks to achieve the target for EU’s 20-20-20 policy. In North America, it is expected that the full and hybrid type electric vehicle sales would be lower than those with natural gas powertrains as in the US and Canada the infrastructure for battery charging is still in the developing stage.
Report Overview:
The report for Global Electric Truck Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
Table 1 Electric Truck Market: By Region, 2018-2023
Table 2 North America Electric Truck Market: By Country, 2018-2023
Table 3 Europe Electric Truck Market: By Country, 2018-2023
Table 4 Asia-Pacific Electric Truck Market: By Country, 2018-2023
Table 5 RoW Electric Truck Market: By Country, 2018-2023
Table 6 Global Electric Truck Market, By Truck Type, By Regions, 2018-2023
Table 7 North America Electric Truck Market, By Truck Type, By Country, 2018-2023
Continued…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Electric Truck Market SHARE, By Truck Type, 2016 (%)
Continued…
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