Press release
Electric Truck Market to Reach USD 13.93 Bn by 2029, emerging at a CAGR of 28.1 percent and forecast 2023-2029
Electric Truck Market
The report employs a rigorous research methodology, incorporating data from various sources, to present a detailed and insightful analysis of the Global Electric Truck Market.
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What are An Electric Truck Market Dynamics:
Thanks to technological advancements and manufacturing of EV batteries on a large scale, the cost of EV batteries has been decreased 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 example, an electric vehicle battery cost roughly USD 1,100 per kWh in 2010. According to Bloomberg, their price would have dropped to roughly USD 137 per kWh by 2022, while the price in China is as low as USD 100 per kWh.
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An Electric Truck Market Regional Insights:
Europe: The European region dominates the electric truck market, driven by strict emission regulations, government incentives, and the presence of key manufacturers like Volvo and Daimler.
United States: The proposed Safer Affordable Fuel-Efficient (SAFE) cars regulation and the Zero Emission Vehicles (ZEV) Program signal a growing emphasis on clean and zero-emission vehicles in the United States.
China: Accounting for a major revenue share, China is poised to maintain control in the Asia-Pacific region, buoyed by the removal of weight restrictions on subsidies and key collaborations between companies like Dongfeng Motor Corporation and Toyota Motor.
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What is An Electric Truck Market Segmentation:
by Type
Battery Electric Trucks
Hybrid Trucks
by Application
Logistics
Municipal
Construction
Mining
Others
by Propulsion
Battery Electric Truck
Hybrid Electric Truck
Plug-in Hybrid electric Truck
Fuel cell electric Truck
by Level of Automation
Semi-Autonomous
Autonomous
Battery type
Who are An Electric Truck Market Key Players:
1.AB Volvo
2.BYD Auto Co. Ltd
3.Daimler AG
4.Dongfeng Motor Corporation
5.FAW Group Co., Ltd.
6.Foton Motor Inc.
7.Isuzu Motors Ltd
8.Navistar, Inc.
9.PACCAR Inc.
10.Scania
11.Tevva Motors Limited
12.Tesla
13.Rivian
14.Ford
15.GM
16.Workhorse
17.Atlis
18.Lordstown
19.Bollinger
20.Volkswagen AG
21.Hino Motors Ltd.
22.Chanje Energy Inc.
23.Orange EV
24.Mitsubishi Fuso Truck & Bus Corp.
25. Nikola Motor Co.
26.Fiat Chrysler Automobiles N.V.
Table of content for the An Electric Truck Market includes:
An Electric Truck Market: Research Methodology
An Electric Truck Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.An Electric Truck Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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