Electric Trucks Market Latest Innovations, Trends, Growth Factors and Opportunities by 2032 | Tevva, Volta Trucks, StreetScooter, E-Trucks Europe

Electric Trucks Market Size & Industry Trends Shaping 2032

Quince Market Insights, a reliable market research and consulting company, has announced the publication of its most recent updated report on the Electric Trucks Market. The objective of the research study is to present a comprehensive analysis of the Electric Trucks market, including business overview, technological shift or disruption, and supply chain analysis among others. Furthermore, this report analyses all the stakeholders involved in the entire supply chain process covering the entire ecosystem of the market. The report also provides various pricing analysis across countries and regions, and frame strategies in such a way that can be adopted by major players for commercialization of their new products as well as existing products.

Market Definition:

The Global Electric Truck Market was estimated to value USD 670 million in 2021 and is projected to grow at a CAGR of 23.5% during the forecast period from 2021 to 2030. Electric trucks are commercial vehicles working on rechargeable batteries. It is comprised of an electric motor to power the vehicle using high-voltage batteries. They are mainly available in heavy-duty and light-medium variants with different speed capacities. The new electric trucks are also existing in hybrid variants, which work through both battery-operated and fuel-gas engines.

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Electric Trucks Market Top Competitive Players:

The Electric Trucks Market has major key players such as the examination likewise distinguishes and investigations significant business systems utilized by these fundamental Electric Trucks market players, like A portion of the primary contenders ruling the worldwide Geospatial Solutions market Key Players Tevva (U.K.), Volta Trucks (Sweden), StreetScooter (Germany), E-Trucks Europe (Netherlands), and Einride (Sweden).

Research Process:

Both primary and secondary data sources have been used in the global Electric Trucks Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Key Factors Impacting Market Growth:

✫ The introduction of new electric truck models
✫ The expansion of electric truck charging infrastructure
✫ Governments are offering incentives to encourage the adoption of electric trucks

Understanding Segmentation Global Electric Trucks Market

On the basis of comprehensive market segmentation, useful data is also given in the Global Market Study. The Global Electric Trucks Market Segment chapter provides total company revenue (financials), sales and revenue generated, price, industry share, manufacturing sites, and services, product launch. This research provides multiple segments for the industry, such as form, application, technology, and geographical regions. Similarly, the report includes additional data such as product use, information on production, production capacity, and supply and demand analysis of the industry. For the 2021-2032 timeframe, this study offers the sales, income and market share of this segment. The Electric Trucks market report is segmented as:

✫ By Type (Light-Duty Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks)
✫ By Propulsion (BEV, PHEV, and FCEV), Range (0-200 Miles, and Above 200 Miles)
✫ By Application (Municipal, Construction, Logistics, Mining, and Others)
✫ By Battery Type (Lithium-Iron-Phosphate, Lithium-Nickel-Manganese-Cobalt Oxide, and Others),
✫ By Length (0-9 Meters, 10-14 Meters, Above 14 Meters),
✫ By Payload (0-10,000 LBS, 10,001- 26,000 LBS, and above 26,000 LBS)

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Covered in this Report:

⏩ Go-to-market Strategy.
⏩ Neutral perspective on the market performance.
⏩ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
⏩ Customized regional/country reports as per request and country level analysis.
⏩ Potential & niche segments and regions exhibiting promising growth covered.
⏩ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Electric Trucks Market:

✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Industry News:

• 2023: Volvo Group acquires JMC Heavy Duty Vehicle Group: Volvo Group, a leading manufacturer of heavy-duty trucks, acquired JMC Heavy Duty Vehicle Group, a Chinese manufacturer of commercial vehicles, for $1.1 billion.
• 2023: Tesla Semi begins production: Tesla's long-awaited Semi truck is finally beginning production. The Semi has a range of up to 500 miles on a single charge and can tow up to 80,000 pounds.
• 2022: Daimler Truck launches eActros LongHaul: Daimler Truck has launched the eActros LongHaul, an electric truck with a range of up to 300 miles on a single charge.
• 2022: Volvo Group acquires Mack Trucks: Volvo Group acquired Mack Trucks, a North American manufacturer of heavy-duty trucks, for $7.2 billion.

Benefits of the Report:

⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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This release was published on openPR.