COVID-19 Impact Assessment on Electric Trucks Market 2020 to 2026

The Electric Trucks Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also analyzes the impact of Coronavirus (COVID-19) on the Electric Trucks industry.

In the last several years, Global market of Electric Trucks developed speedy, with an average growth rate of 32.61%. In 2017, Global revenue of Electric Trucks is nearly 521 M USD; the actual production is about 19.9 K Unit. The Global average price of Electric Trucks is in the downstream trend, from 28.8 K USD/ Unit in 2013 to 26.2 USD/Unit in 2017. With the situation of global economy, prices will be in downstream trend in the following five years. The classification of Electric Trucks includes Light & Medium-duty Truck and Heavy-duty Truck. The proportion of Light & Medium-duty Truck in 2017 is about 96.2%, and the proportion of Heavy-duty Truck in 2017 is about 3.8%.

Global Electric Trucks market size will reach 18500 million US$ by 2025, from 590 million US$ in 2018, at a CAGR of 53.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Electric Trucks.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Electric Trucks Market: Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, Voltia and others.

Industry News and Developments:

Jul 17, 2019: The Dongfeng-Nissan joint venture is launching a fully electric pickup truck onto the Chinese market this month. The new model is part of the two companies’ strategy to bring more than 20 new electric models to China by 2022. The Dongfeng Rich 6 EV is a 119 kW electric version of the Dongfeng Rich 6, which is already available as a petrol-powered vehicle. The all-electric vehicle is equipped with a 68 kWh rechargeable battery, offering an impressive NEDC range of around 400 kilometres. A quick charge should fill the battery to 80 per cent in 45 minutes.

May 7, 2020: Electric Hummers and Cybertrucks, as well as the next generation of S.U.V.s, will signal the arrival of the E.V. era in America if they start to sell in big numbers.

The electric future, as dreamed up in the 1990s, centered on groundbreaking cars like General Motors’ EV1: tiny, faceless transportation pods, their sci-fi bubble shapes a testament to aerodynamic function over stylistic form.

In 2020, the equivalent of a three-ton fist would jolt awake any futurist or environmentalist of that era: Say hello to G.M.’s 1,000-horsepower electric Hummer, that onetime green scourge, now rehabilitated to pass muster at any Silicon Valley cocktail party. Behold the beefy pickup trucks from Ford and Chevrolet, as well as upstarts like Rivian and Bollinger. Elon Musk at Tesla couldn’t resist upstaging rivals with the concept Cybertruck, a truck so Mad Max-macho that it makes a Hummer seem discreet.

Mar 9, 2020 -- BYD has received another order from South America. Public transport provider Transcarsell from Ecuador has ordered 20 electric trucks from BYD for delivery by 2021, the first of which is scheduled for August 2020.
The electric vehicles ordered are heavy-duty trucks with a payload of 31.5 tons but can only be used over short distances. The lithium-ion batteries with LFP cells allow a range of 150 kilometres – but BYD does not specify how and in what load condition this value was determined. Transcarsell purchased 20 e-trucks to handle large multimodal containers.

Global Electric Trucks Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Light & Medium-duty Truck
Heavy-duty Truck

On the basis of Application, the market is segmented into:

Logistics
Municipal

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Regional Analysis For Electric Trucks Market:

For comprehensive understanding of market dynamics, the global Electric Trucks market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Electric Trucks Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

Following are major Table of Content of Electric Trucks Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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