Press release
Electric Truck Market Competitive Analysis 2020 and Key Players - Orange EV, Tesla, HINO MOTORS SALES
Electric truck is a battery powered vehicle, specially designed to deliver consignments. These trucks are increasingly being replaced or an ideal alternative to the traditional trucks that run on fuel. Some of the major benefits of electric trucks over traditional trucks include creation of no pollution, higher efficiency of electric vehicles, and considerably reduced running costs. Also, electric trucks are expected to offer minimal maintenance cost to the owners, increasing its preference among customers. Numbers of electric vehicle manufacturers are now bringing improvements in the technologies to make these trucks more reliable and preferable over traditional trucks. Some of the recent trends or strategies spotted by these manufacturers in the industry include huge hype and promotional strategies for these trucks, the trucks in the pipeline are distributing higher shares, few car manufacturers are building large fueling and hydrogen network, and few others building trucks with hydrogen energy cells.Major Key Players of the Electric Truck Market are:
Orange EV, Tesla, HINO MOTORS SALES U.S.A., GOUPIL, IVECO, Cummins Inc., BYD Motors Inc., Daimler AG, Nikola Corporation, and AB Volvo, among others.
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The electric truck market is anticipated to grow at double-digit CAGR in the coming years.The consistentgrowth of the electric truck market can be attributed to several factors.Advancements in battery technologies & electric powertrain systems andincreasing the electric truck range in single charging are among the major factors that make these trucks more desirable and convenient for logistics and other applications. For instance, advancements in Li-ion batteries enable them to store more power and increase the lifespan as compared to conventional battery technologies.The increasing demand for fuel-efficient and zero-emission trucks for logistics and various other applications are also propelling market growth globally.
The increasing adoption of electric trucks by shipping companies such as USP and Amazon, favorable government policies, and growing environmental concerns, andthe enactment of stringent emission norms on conventional commercial vehicles are the primary factors driving growth ofthe electric truck market during the forecast period. The enactment of Euro-VI emission norms for ICE vehicles is going to increase the manufacturing cost of Internal Combustion Engine (ICE)vehicles. The key manufacturers and new entrants are investing heavily in the development of electric trucks to overcome the stringent environmental regulations globally.
Major Types of Electric Truck Market covered are:
Battery Electric Truck
Plug-in Hybrid Truck
Hybrid Truck, and Fuel Cell Electric Truck
Major Applications of Electric Truck Market covered are:
Logistic
Municipal
Research objectives:-
– To study and analyze the global Electric Truck consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Electric Truck market by identifying its various sub-segments.
– Focuses on the key global Electric Truck manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Electric Truck with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Electric Truck Market Size
2.2 Electric Truck Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Electric Truck Market Size by Manufacturers
3.2 Electric Truck Key Players Head office and Area Served
3.3 Key Players Electric Truck Product/Solution/Service
3.4 Date of Enter into Electric Truck Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Electric Truck Sales by Product
4.2 Global Electric Truck Revenue by Product
4.3 Electric Truck Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Electric Truck Breakdown Data by End User
Know More about "Electric Truck Market" @ https://www.marketindustryreports.com/press-release/238/electric-truck-market
In the end, Electric Truck industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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We continue to pioneer state-of-the-art approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence. We empower and inspire Vanguards to fuel and shape their business to build and grow world-class consumer products.
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