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Electric Truck Market 2022-2027: Growth, Share, Size, Trends, Analysis and Forecast

05-25-2022 08:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Electric Truck Market

Electric Truck Market

According to the latest report by IMARC Group, titled "Electric Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," provide the global electric truck market reached a value of US$ 426.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1923.2 Million by 2027, exhibiting a CAGR of 30.15% during 2022-2027. 

Report Metric

Historical: 2016-2020

Base Year: 2021

Forecast Year: 2022-2027

Download free sample of the report: https://www.imarcgroup.com/electric-truck-market/requestsample

Electric Truck Market Industry Definition and Application:

An electric truck refers to an electric vehicle (EV) that functions on rechargeable batteries for transporting cargo. It is equipped with an electric motor, regenerative braking systems, and automatic start and stop facilities. It promotes a greener environment as it significantly minimizes carbon emissions and vehicular noise. It finds applications across various segments, such as municipal and logistics.Nowadays, its hybrid variants are available worldwide, which are manufactured using lightweight materials and function via fuel-gas and battery-operated engines.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Electric Truck Market Trends and Drivers:

The burgeoning automotive industry and increasing preferences for hybrid and electric vehicles (H/EVs) are among the major factors creating a positive outlook for the market. Besides this, governing authorities of various countries are undertaking initiatives to minimize the consumption of fossil fuels, which is encouraging the adoption of EVs. This is consequently assisting in reducing greenhouse gas (GHG) and driving the market. Moreover, the improving electronic charging infrastructure and the integration of magnetic resonance for wireless vehicle charging are stimulating the market growth.

Electric Truck Market Segmentation:

The report has segmented the market on the basis on vehicle type, propulsion, range and application.

Breakup by Vehicle Type:

Light-duty Truck
Medium-duty Truck
Heavy-duty Truck
 

Breakup by Propulsion:

Battery Electric Truck
Hybrid Electric Truck
Plug-in Hybrid Electric Truck
Fuel Cell Electric Truck
 

Breakup by Range:

0-150 Miles
151-300 Miles
Above 300 Miles
 

Breakup by Application:

Logistics
Municipal
Construction
Mining
Others

Breakup by Region:

North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa

Browse full report with TOC:  https://www.imarcgroup.com/electric-truck-market

Who are the Major Electric Truck Market Key players?

The report provides a detailed analysis of the market leaders, including.

AB Volvo, BYD Company Ltd., Daimler AG, FAW Group Co. Ltd., Isuzu Motors Ltd, Navistar Inc., PACCAR Inc., Rivian Automotive Inc., Scania AB (Volkswagen AG), Tata Motors Limited, Tesla Inc. and Tevva Motors Limited.

Browse related reports:

Telehandler Market: https://www.imarcgroup.com/telehandler-market

Europe Robotic Lawn Mower Market: https://www.imarcgroup.com/europe-robotic-lawn-market

Automotive Remote Diagnostics Market: https://www.imarcgroup.com/automotive-remote-diagnostics-market

Commercial Telematics Market: https://www.imarcgroup.com/commercial-telematics-market

Tire Pressure Monitoring System (TPMS) Market: https://www.imarcgroup.com/tire-pressure-monitoring-system-market

Automotive Slipper Clutch Market: https://www.imarcgroup.com/automotive-slipper-clutch-market

Automated Fare Collection Market: https://www.imarcgroup.com/automated-fare-collection-market

Automotive Thermal System Market: https://www.imarcgroup.com/automotive-thermal-system-market

Automotive Blind Spot Detection System Market: https://www.imarcgroup.com/automotive-climate-control-market

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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