All-Electric Trucks Market Future Trends and Company Overview, Growth and Development Trends and Forecast 2022 – 2027

The All-Electric Trucks Market report's goal is to give readers a comprehensive overview of the insulating market from 2022 to 2027. It contains historical and prospective perspectives on the following parameters: revenue, demand, and supply statistics, as well as an overview of the industry and a study of market growth (if applicable). To give advanced explanations of the properties of the insulating All-Electric Trucks Market, use proprietary tools and other successful representative tools (such as Porter's Five Forces Analysis, SWOT, PESTEL, Ansoff Matrix, etc.). Estimates, predictions, and trend analyses for each region also include countries and regions

The All-Electric Trucks Market is expected to register a CAGR of 39.2% over the forecast period 2022 – 2027.

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The study covers competitive landscape of top manufacturers are: Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, Voltia, Mitsubishi Fuso, Mercedes-Benz, Hino Motors, PACCAR, Isuzu, Thor, Renault, Tesla, Nikola Motor, Cummins, Volkswagen

Recent Developments:

Thor has acquired 17 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Thor’s largest acquisition to date was in 2021, when it acquired Airxcel for $750M. It’s largest disclosed sale occurred in 2013, when it sold Thor - Bus Business to REV Group for $100M. Thor has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include automotive (83%) and chemicals (6%).

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. 

Global All-Electric Trucks Market Segmentation:

Segmentation By Type:

Light & Medium-Duty Truck

Heavy-Duty Truck

Segmentation By Application:

Logistics

Municipal

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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.

North America, Europe, China, Japan, Southeast Asia, and India are just a few examples.

North America is located in North America (United States, Canada, and Mexico).

Europe is a continent that has a (Germany, France, United Kingdom, Russia and Italy).

Asia and the Pacific (China, Japan, South Korea, India and Southeast Asia).

Highlights of All-Electric Trucks Market report:

Detailed analysis of the All-Electric Trucks Market
Changing industry market dynamics
In-depth market segmentation by type, application, and other factors
Market size, both in terms of size and value, in the past, present, and future.
Current trends and advancements in the industry
All-Electric Trucks Market Competitive Landscape
Important players and product offerings
High-potential and specialist sectors/regions that are expected to flourish.

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All-Electric Trucks Market Table of Contents

– Chapter 1: All-Electric Trucks Market Overview

– Chapter 2: Regional Market Situation and Forecasts

– Chapter 3: Global Market Trends and Forecasts by Product Type

– Chapter 4: Downstream Industry Market Status and Forecast

– Chapter 5:  Analysis of Market Driving Factors

– Chapter 6: Major Manufacturers' Market Competition Situation

– Chapter 7:  Introduction to Major Manufacturers and Market Data

– Chapter 8: Market Analysis Upstream and Downstream

– Chapter 9: Cost and Gross Margin Analysis

– Chapter 10: Marketing Status Analysis

–  Chapter 11: Conclusion of the Market Report

– Chapter 12: Research Methodology and References

Customization:

The Global All-Electric Trucks Market research may be customized to match your unique company requirements. We offer free 20% customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.

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This release was published on openPR.