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Electric Commercial Vehicles Market Size & Share set for accelerated growth by 2024 | By Top Companies- Daimler, Tesla, BYD, NISSAN, Proterra, Toyota, BYD Company Limited, ZHONGTONGBUS Ltd, ABB group etc.

Electric Commercial Vehicles Market

Electric Commercial Vehicles Market

According to a new market report published by BlueWeave Consulting, The Global Electric Commercial Vehicles Market is expected to reach a value of US$ 149,316 Mn by 2024, supported by government subsidies and tax rebates for commercial electrical vehicles. The market is projected to expand at a CAGR of 13.0% during the forecast period from 2018 to 2024 by value. The market is expected to reach 1,440,820 units by end of 2024. The market is expected to expand at the CAGR of 10.4% by volume. Need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities.

Market Overview
The market overview section of the report demonstrates market dynamics such as trends, drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global electric commercial product.

Get PDF Sample of this Market Research Report@ https://bit.ly/2IltO5R

Scope of the Report
The electric commercial vehicle market can be segmented on the basis of propulsion type, vehicle type, component, and region. Based on propulsion type, the global electric commercial vehicle market is further classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles (PHEV) and fuel cell electric vehicle (FCEV). The battery electric vehicle segment dominates the market due to government initiatives to promote green transportation across the globe. Based on electric vehicle type, the global electric commercial vehicle market can be fragmented into bus, truck, vans and others. Based on components, the electric commercial vehicle market can be segmented into motors, electric batteries, and others. On the basis of region, the electric commercial vehicle market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The report also highlights the competitive landscape of the global electric commercial vehicles market, positioning all the major players according to their presence in different regions and recent key developments initiated by them in the industry.

This report provides all the essential information required to understand the key developments in the electric commercial vehicles market, growth trends of each segment and region. It also includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market.

Key Findings Of The Report
According to BlueWeave Consulting, the key findings of the report “Global Electric Commercial Vehicles Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

• Global electrical commercial vehicle market is expected to witness significant growth over the next ten years due to population expansion coupled with growing industrial sector in developing economies of Asia Pacific and Latin America. Rising transportation infrastructural spending owing to strong economic growth is anticipated to remain a key driving factor for industry growth over the forecast period
• Increasing incorporation of telematics & communication capabilities in electrical commercial vehicles is anticipated to boost market growth. Growing food & beverage industry is another key factor driving industry growth over forthcoming years owing to increasing food trucks and refrigerated vehicles demand.

Market Dynamics
The demand for the commercial electric vehicles is governed by increase in demand for fuel-efficient, high-performance and low-emission vehicles. Moreover, it is also been influenced by the trend of reduction in vehicular emission due to stringent rules & regulations in several countries and growth of public charging infrastructure in China, France, Norway, and the other developed countries. However, technological advancements in electric vehicles and proactive government initiatives are expected to unfold various opportunities for the growth of the stakeholders of the said market, such as system integrators, vehicle manufacturers, engine manufactures, and component providers. Though electric vehicles have proven to be advantageous over conventional vehicles, the market is not without restraints hindering the growth of the market over the forecast period. Electric vehicles come along with a high price tag which might evoke customer apathy towards this market. Scarcity of charging points within major cities is a massive hurdle in the growth of the global electric vehicles market.

Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global electrical commercial vehicles market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Competitive Dynamics
The research study includes profiles of leading companies operating in the global electric commercial vehicles market. Some of the key players profiled in the report include Daimler, Tesla, BYD, NISSAN, Proterra, Toyota, BYD Company Limited, ZHONGTONGBUS Ltd, ABB group etc.

Browse Full Market Research Report@ https://bit.ly/2NIYEeI

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contacts: 18666586826

About BlueWeave Consulting & Research Pvt Ltd.

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

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