Electric Trucks Market Growth 2021 | Market Trends, Covid-19 Impact, Business Outlook 2027 | Dongfeng, BAIC, Guohong Auto
The global Electric Trucks market was valued at 1382.96 Million USD in 2020 and will grow with a CAGR of 52.56% from 2021 to 2027. The adoption of electric trucks in the e-commerce and logistics sectors would be aided by the government's increased attention on emission-free cars and laws. It will also allow OEMs to diversify their revenue streams and geographical footprint in the electric commercial vehicle business.Because of the significant demand for electric vehicles in industrial transportation fleets, North America is expected to expand steadily. Because of the high adoption rate of electric pick-up trucks in the logistics sector in Europe, it is expected to be the fastest-growing market. Automobile OEMs have been driven to develop fuel-efficient and environmentally friendly automobiles as a result of factors such as rising pollution and environmental risks, severe government rules, and tough competition.
Top Key Players Included in Electric Trucks Market Report: Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, and Voltia
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The global Electric Trucks market research study provides in-depth analysis of several regions throughout the world. North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are among the regions that make up the market. After taking into account market revenue, sales, shares, current advancements, innovations, and growth rates, the global leading market share for each region is calculated. This area of regional analysis offers a broad assessment of the sector from a variety of countries and regions.
Electric Trucks Market segment by Type:
Light & Medium-duty Truck
Heavy-duty Truck
Electric Trucks Market segment by Application:
Logistics
Municipal
The report conveys experiences on COVID-19 considering the progressions in buyer conduct and request, buying designs, re-steering of the production network, elements of current market influences, and the huge mediations of state run administrations. The refreshed review gives bits of knowledge, investigation, assessments, and figures, considering the COVID-19 effect on the Electric Trucks market.
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