All-Electric Trucks Market Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2027 | Isuzu, Navistar, Renault

This “All-Electric Trucks” market report provides detailed information on industries, productivity, revenues, manufacturers, and therefore the latest trends to assist you to drive business growth and economic process. The report also reveals dynamic factors like market segments, sub-segments, regional markets, competition, key players, and market forecasts. The All-Electric Trucks market also includes recent collaborations, mergers, acquisitions, partnerships, and regulatory frameworks in various regions that affect the general development of the market. This report examines the newest technological advances and innovations affecting the All-Electric Trucks market.

Governments across the world are putting pressure on vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric trucks (e-trucks). Meanwhile, low-emission zones are driving fleets to replace diesel trucks with cleaner options.

The electric truck market was valued at around USD 20 billion in 2020, and it is expected to reach USD 44 billion by 2027 and is anticipated to register a CAGR of 39.8% during the forecast period (2021 - 2027).

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Key Market Trends
Stringent Emission Regulations are Fueling the Market Growth

With the growing environmental concerns, governments and environmental agencies are enacting stringent emission norms and laws that may increase the manufacturing cost of electric drivetrains and fuel-efficient diesel engines in the coming years.

In Europe, the European Union (EU) is committed to achieving its 20% greenhouse gas reduction target in 2020 for the second phase of the Kyoto Protocol (base year: 1990). The EU has also set the target to achieve 40% greenhouse gas reduction by 2040 compared to 1990. By 2050, the EU aims to achieve the target of 0% greenhouse gas emission. The regulation EU 253/2014 sets the target of 147 gm of CO2 emission per kilometer for 2020 and 2021, for light commercial vehicles (LCVs), based on the NEDC (New European Driving Cycle) test procedure. The European Union set a target of 31% reduction of CO2 emission for LCVs by 2030.

The leading market players listed are:

Mitsubishi Fuso, Zenith Motors, Alke XT, Voltia, Dongfeng, BYD, BAIC, Chongqing Ruichi, Guohong Auto, Hino Motors, PACCAR, Isuzu, Navistar, Renault, Tesla, Nikola Motor, Cummins, Volkswagen, Mercedes-Benz

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Types of Products:

Light & Medium-Duty Truck
Heavy-Duty Truck

Application spectrum:

Logistics
Municipal

Regions and Countries Level Analysis:

Germany represents one of the largest markets for electric trucks, globally. The presence of vehicle manufacturing companies, stringent emission norms, increasing freight and logistics, and construction activities are driving the demand for electric trucks in the country.

Germany is trying to be on the list of those countries working on "electric highways" to foster eco-friendly trucking. The country has started real-world tests of an eHighway system on a 3.1-mile stretch of the Autobahn between Frankfurt and Darmstadt, with an electric-diesel hybrid truck that receives power from overhead cables to keep it from using its combustion engine.

The report offers an in-depth assessment of the growth and other aspects of the All-Electric Trucks market in important countries (regions), including:

North America (the 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, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Research Objectives:

To study and analyze the global All-Electric Trucks consumption (value & volume) by key regions/countries, type and application, history data from 2021 to 2027, and forecast to 2027.

To understand the structure of All-Electric Trucks market by identifying its various subsegments.

Focuses on the key global All-Electric Trucks manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the All-Electric Trucks 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).

To project the consumption of All-Electric Trucks submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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What is the Impact of Covid-19 Outbreak on the All-Electric Trucks?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global All-Electric Trucks.

- All-Electric Trucks Market Size in 2021

- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Available Customization:

The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Here's how Market intelligence data helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The MID researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

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