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Electric Commercial Vehicle Market Top Key Players - BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden)

08-09-2021 10:20 AM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Electric Commercial Vehicle Market Top Key Players - BYD

The electric commercial vehicle market is estimated at $xx Billion in 2021 with xx units in 2021. The CAGR will be xx% from 2021-2026. The market is primarily based on buses and light commercial vehicles rather than trucks and other specialty vehicles. Buses for public transport vehicles and LCVs for car utilities will be drivers.

Buses used for public transportation have an initial investment of 22.5 times that of ICE buses, but can recover operating costs in 45 years. For LCVs, the initial investment is 1.5 times that of an LCV van, making it easier to recover costs.

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Initial investment and concerns about charging time, infrastructure and mileage hinder the increasing adoption of this type of vehicle. Along with being able to compete with ICE, which lowers the price of batteries, developing a charging infrastructure and adding new methodologies and chargers for fast charging will work to reduce failures.

ELECTRIC COMMERCIAL VEHICLE MARKET

• In 2020, approximately 70,000 electric buses were sold worldwide, with manufacturing units (61,000 units) by Chinese manufacturers.

• Meanwhile, in Europe, electric vans increased significantly in 2020, with a 26.2% increase in 2020 compared to 2019. 28,597 rechargeable vans were sold in Europe in 2020. France and Germany were the main markets for the region.

• Although vans and buses were the main electric commercial vehicles sold, trucks and other special-purpose vehicles will soon gain market share, mainly in China, Europe and the United States.

LATEST ORDERS IN ELECTRIC COMMERCIAL VEHICLE MARKET

• VHH Hamburg has ordered 20 electric buses from MAN; 10 12e and 10 18e buses

• Ordered 195 electric buses from BYDADL for the London public vehicle transport system

• Ordered 68 electric buses from Irizaru to Zaragoza 14 electric buses from Irizaru, all articulated buses

• Poland Lublin ordered 7 articulated baths in Solaris with the necessary charging infrastructure

• Sweden The Skane region ordered 79 electric buses from BYD

• Baselli ordered 54 electric buses from Mercedes including charging infrastructure

COMPETITIVE LANDSCAPE

• By 2020, 50% of the electric bus market will be occupied by the top three companies in the market. From 2021-2026, the market share of other players will increase, and the overall share of the top players will decrease. In addition, as the number of battery packs increases, electric buses are adopted in various regions, and the number of regions where plug-in vehicle sales are low increases, manufacturing will increase worldwide.

• The top four players in the 2020 van market account for more than 70% of the market share. They are to continue to establish their advantage and maintain market share. The main reason is the use and understanding of better technology, even in ICE, which primarily maintains dominance in the van market and the needs of fleet users.

COMPANIES PROFILED

• BYD (China)
• Yutong (China)
• Proterra (US)
• VDL Groep (Netherlands)
• AB Volvo (Sweden)

Read More Information: https://mobilityforesights.com/product/electric-commercial-vehicle-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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