openPR Logo
Press release

What are the Major Growth Drivers of Electric Truck Market? Major Players are BYD, Daimler AG, Volvo Group, IVECO, Nikola Motor Company and Cummins Inc.

07-09-2019 06:16 AM CET | Logistics & Transport

Press release from: P&S Intelligence

Electric truck market is expected to reach a market size of 1,508.1 thousand units by 2025, according to P&S Intelligence.

Low maintenance cost incurred in electric trucks, supplemental incentives, and other incentives along with declining prices are the major factors driving the growth of the market.

Further, the battery manufacturing industry is growing much faster than the battery demand, which has led to economies of scale benefiting the advancement of the industry. Moreover, advancements achieved in battery development over the past decade. This leads to the growth of the electric truck market.

Request to Get the Sample Report@ www.psmarketresearch.com/market-analysis/electric-truck-m...

Asia-Pacific (APAC) stands as the largest market for electric trucks
Geographically, the APAC is the largest share of the market in the world, accounting for the largest share of the market in the world, accounting for 80% of 2017. Country wise, China subsidies, national alternative-fuel-vehicle replacement sales targets, and municipal air quality targets.

In other regions, the industry is still in its budding phase. Availability of manufacturers, high upfront cost, and underdeveloped value chain of the growth of the electric truck market. However, the growth of these markets is expected to increase the market growth during the forecast period.

Make Enquiry Before Buying the Report@ www.psmarketresearch.com/send-enquiry?enquiry-url=electri...

Electric Truck Market Competitive Landscape
The global electric truck market is dominated by the Chinese players, owing to the rapid industrialization, urbanization, and economy growth coupled with government support for the adoption of eco-friendly vehicles. Dongfeng Motor Corporation is one of the leading players in the market. The company has a strong position in Chinese electric truck industry. Whereas, BYD Company Limited. is the second largest manufacturer of electric trucks in the industry.

The other key players in the market include Hino Motors Limited, Daimler AG, Volvo Group, Iveco SpA, Isuzu Motors Limited, Nikola Motor Company, Workhorse Group Incorporated, Cummins Inc., and E-Force One AG.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What are the Major Growth Drivers of Electric Truck Market? Major Players are BYD, Daimler AG, Volvo Group, IVECO, Nikola Motor Company and Cummins Inc. here

News-ID: 1799398 • Views: 235

More Releases from P&S Intelligence

What's driving the Orthopedic Soft Tissue Repair Market Trends? | Key Players ar …
A soft tissue injury is the damage of ligaments, muscles and tendons of hip, knee, shoulder and elbow joint. A soft tissue injury usually occurs from a strain, sprain and continuous use of a particular part of the body and it can result in swelling, pain, bruising and loss of function. To cure soft tissue injury, the soft tissue repair procedure is used. On any soft tissue injury, Protection Rest
What's driving the Medical Waste Management Market Trends? | Key Players are Bio …
Given the growing amount of all types of medical wastes, globally, and increasing regulatory pressure to properly dispose these wastes in a non-hazardous way, the global medical waste management market is expected to grow at a steady pace in the coming years. Medical waste refers to the waste originated within medical amenities, such as hospitals, clinics, veterinary hospitals/clinics, dental practices, physician's offices, laboratories, pharmaceutical industry, and blood banks. There are
What's driving the ADME-Toxicology Testing Market Size? | Key Players are Agilen …
ADME stands for absorption, distribution, metabolism and elimination of the drug and chemicals define their nature in a human body. These four methods define the impact of a specific drug or chemical to the human tissues. Toxicology testing is an important phenomenon before introducing new medicine to the market. ADME toxicology facilitated pharmaceutical manufacturing company to minimize their drug discovery time, testing complications, and to reduce the cost of drug
What are the Growth Drivers, Status and Insights of Antifouling Coatings Market …
In modern time, antifouling coatings are formulated by using special chemicals which impede the growth of barnacles, algae, and marine organisms. These special chemicals include organotin compounds, copper, and some other biocides. The commercial ships commonly use an anti-fouling coating that includes synthetic chemical compounds that have harmful effects on the environment. Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/antifouling-coatings-market/report-sample The prohibition on the use of these antifouling coatings

All 3770 Releases


More Releases for Motor

Electric Motor Market For Industrial Machinery, Motor Vehicle, HVAC Equipment
MarketResearchReports.Biz adds “Global Electric Motor Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Electric Motor and the growth estimates for the forecasted period. This report studies the Electric Motor market status and outlook of global, from angles of players, regions, product types and end industries; this report analyzes the top players in global market, and splits the Electric