Press release
Fully Electric Heavy-duty Trucks Market Revenue Share, Insights & Future Outlook
What is the projected growth of the Fully Electric Heavy-duty Trucks Market by 2031?The global market for Fully Electric Heavy-duty Trucks was valued at US$ million in 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of % during the forecast period.
How are regional markets driving demand for Fully Electric Heavy-duty Trucks?
The North American market for Fully Electric Heavy-duty Trucks is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025-2031.
The Asia-Pacific market for Fully Electric Heavy-duty Trucks is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025-2031.
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Who are the leading players in the Fully Electric Heavy-duty Trucks Market and what do they specialize in?
The major global manufacturers of Fully Electric Heavy-duty Trucks include Dongfeng Motor Corporation, Daimler Truck, Beiqi Foton Motor, Traton, BYD, Volvo Trucks, Freightliner Trucks, International, Kenworth, Mack Trucks, and Nikola Motors. In 2024, the top three vendors accounted for approximately % of the revenue.
• Dongfeng Motor Corporation - Specializes in developing electric heavy-duty trucks for commercial and industrial transportation.
• Daimler Truck - A global leader in electric mobility, focusing on long-haul and heavy-duty trucks.
• Beiqi Foton Motor - Produces reliable fully electric commercial vehicles with advanced battery technologies.
• Traton - Offers sustainable electric truck solutions for European and global markets.
• BYD - Known for battery-electric heavy-duty trucks with high energy efficiency.
• Volvo Trucks - Develops zero-emission electric trucks for long-distance and urban logistics.
• Freightliner Trucks - Designs fully electric trucks for North American commercial applications.
• International - Focuses on electric heavy-duty vehicles for freight and logistics operations.
• Kenworth - Manufactures electric trucks optimized for performance in heavy-duty applications.
• Mack Trucks - Provides fully electric trucks for construction, transportation, and distribution.
• Nikola Motors - Specializes in hydrogen-electric and fully electric heavy-duty trucks.
Segment by Type
• Complete Vehicle
• Incomplete Vehicle
• Semitrailer Tractor
Segment by Application
• Transportation
• Construction
• Mining
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