Press release
Latest Update Report 2020 Global Electric Truck Market With (COVID19) Impact Analysis,Top Companies like Bosch, Denso, CEVA Logistics, Johnson Control, Hitachi Automotive Systems, Magna, Infineon, Eaton
Electric truck is an electric mobility which is powered by an electric motor, or a truck which receives power or energy primarily from the power grid. They are low or zero emission trucks, which contributes significantly towards a greener environment. Electric trucks are alternative to conventional fossil fuel trucks. However, they are heavier than traditional trucks owing to the weight of batteries.Increase in transportation emission caused by fossil fuel powered vehicles coupled with a surge in pollution levels especially in urban areas. It is key driving factor which expected to boost the global electric truck market growth. Furthermore, increase in demand for electric trucks in logistic industry which is expected to positively contribute the market growth. Logistics industry is one of the important contributors to any country’s GDP, as increase in internet penetration and demand for e-commerce may require logistics providers deliver to remote locations in the emerging economies. As the increase in demand for green transportation across the globe and many government are backing are backing this initiatives, freight transportation, which contributes highly carbon dioxide emissions, has been observing a reduction. Many logistics companies are actively participating in replacing their fleet with greener vehicles. For instance, in February 2020, CEVA logistics in UK had started trails using electric lorries/trucks for supplying products in Central London.
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However, lack of charging infrastructure is the major challenging factor which is expected to hinder the global electric truck market growth. For adequate charging infrastructure proper planning and installation is needed and which would require huge investments. It is expected to obstruct the electric truck market growth during this forecast period.
Market Segmentation
Global Electric Truck Market is segmented into truck type such as Light-Duty Truck, Medium-Duty Truck, and Heavy-Duty Truck, by electric propulsion type such as Plug-in Hybrid, Fuel Cell Electric, and Battery Electric. Further, market is segmented into application such as Logistics, Municipal, Construction, Mining, and Others.
Also, Global Electric Truck Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Bosch, Denso, CEVA Logistics, Johnson Control, Hitachi Automotive Systems, Magna, Infineon, Eaton, and Siemens.
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Market Taxonomy
By Truck Type
• Light-Duty Truck
• Medium-Duty Truck
• Heavy-Duty Truck
By Electric Propulsion Type
• Plug-in Hybrid
• Fuel Cell Electric
• Battery Electric
By Application
• Logistics
• Municipal
• Construction
• Mining
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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