Electric Trucks Market Size, Share & Trends Analysis Report by Type, By Region, And Segment Forecasts, 2021 - 2027

Latest released, the research study on Global Electric Trucks Market Research Report 2021, report comprises growth rate, size, analysis by type, market segment by Application, market competition by manufacturers, share by region, manufacturing cost analysis, Also, the Electric Trucks Market offers market breakdown, competitive situation and trends, key raw materials analysis, dynamics, forecast by type, by application and revenue estimates with covid-19 impact till 2027.

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The Electric Trucks Market is expected to register a CAGR of 39.7% over the forecast period 2021 – 2027.

The study covers competitive landscape of top manufacturers are: Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, Voltia

Recent Developments:

In October 2020, Byd and Hino motors entered into a joint venture agreement to set up a new company for the development of commercial battery electric vehicles. This new venture is scheduled to be established in china in 2021
In October 2020, the Volvo Group and Isuzu Motors LTD entered into a non-binding Memorandum of Understanding with the intent to form a strategic alliance in commercial vehicles in order to capture the opportunities in the ongoing transformation of the industry. The agreements include Isuzu Motors LTDMotor’s acquisition of UD Trucks from the Volvo Group
In October 2020, Scania AB announced expansion into China with new manufacturing Unit. The company will be establishing a wholly owned production facility in China in Jiangsu Province near Shanghai. The rapid transformation into a more open and market economy based system, which is currently taking place in the system has prompted Scania AB to invest in the Country

Global Electric Trucks Market Segmentation:

Segmentation By Type:

Light & Medium-duty Truck

Heavy-duty Truck

Segmentation By Application:

Logistics

Municipal

Regional Analysis:

The European region is projected to be the fastest-growing electric truck market, by 2030

European region accounts for the largest market share for the electric truck market in the forecasted period. The electric truck market in Europe is segmented into France, Germany, Netherlands, Norway, Sweden, and United Kingdom. Europe has stringent emission regulation standards. The governments of European region are providing huge incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased tremendously in the region. The region is home to electric truck manufacturers such as Volvo, Daimler and others. Europe has set a very ambitious goal of reducing 80% CO2 emission by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric infrastructure and the focus will continue to be on electric vehicles in the long run.

The Electric Trucks Market research offers an in-depth analysis of market growth and other factors in key nations (regions), including:

-              North America (United States, Canada and Mexico)

-              Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

-              Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

-              South America (Brazil, Argentina, Colombia, and Rest of South America)

-              Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Market Overview:

Due to technological advancements and production of EV batteries on a mass scale, the cost of EV batteries has been decreasing over the past decade. This has led to a decrease in cost of the electric trucks as EV batteries are one of the most expensive parts of an electric truck. For Instance, in 2010, the price of an EV battery was around USD 1,100 per kWh. However, according to Bloomberg, by 2020 their price fell to around USD 137 per kWh while the price is as low as USD 100 per kWh in China. This is because of reducing manufacturing costs of these batteries, reduced cathode material prices and greater volumes of production, etc. The prices of EV batteries are expected to fall to around USD 40-60 per kWh by 2030, which will greatly reduce the price of EV Trucks making them priced similar to conventional ICE Trucks according to a report on Research Gate. Along with the growing demand for low emission transportation, this will lead to a rise in adoption of electric trucks in the coming decade. In 2020, Tesla, one of the world’s top manufacturers of EV’s has already announced plans to drastically reduce the prices of their EV batteries in the next few years. 

Report Link:

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Highlights of Electric Trucks Market report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market

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Table of Contents:

Global Electric Trucks Market Research Report 2021

Chapter 1 - Market Overview

Chapter 2 - Industry's Global Economic Impact

Chapter 3 - Manufacturers' Global Market Competition

Chapter 4 - Revenue (Value) by Region for Global Productions

Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import

Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type

Chapter 7- Global Market Analysis by Application

Chapter 8 - Manufacturing Cost Analysis

Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers

Chapter 10 - Marketing Strategy Analysis, Distributors/Traders

Chapter 11- Market Effect Factors Analysis

Chapter 12- Global Electric Trucks Market Forecast

Customization:

The Global Electric Trucks Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.

Impact of Covid-19:

The influence of COVID-19 on market growth is considered in the research. The effect of the COVID-19 epidemic on the Electric Trucks Market and its major segments is enclosed in depth in this report. It also addresses the pandemic's present and future consequences, as well as a post-COVID-19 scenario to provide for a more in-depth knowledge of dynamic changes in the market.

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This release was published on openPR.