Electric Truck Market to Rise At 15% CAGR and reach remarkable value by 2023, according Global Electric Truck Market Analysis Report published by Market Research Future. Electric Truck Market by Truck Type, Material, Application, Region with Forecast to 2023.
—
Electric Truck Market to Rise At 15% CAGR and reach remarkable value by 2023, according Global Electric Truck Market Analysis Report published by Market Research Future. Electric truck is a commercial vehicle that is powered through electricity, they are cost-effective compared to fuel based commercial vehicles and less polluting. Global Electric Truck Industry Report analyzes Market for Electric Truck by Truck Type (Medium Duty and Heavy Duty), Material (Battery, Plug-In Hybrid, Hybrid, and Hydrogen Fuel Cell), Application (Logistic, Municipal, Others), Region with Forecast to 2023.
Major Electric Truck Companies covered in the market report include Isuzu Motors Ltd (Japan), Daimler AG (China), AB Volvo (Sweden), Dongfeng Motor Corporation (China), PACCAR Inc. (US), FAW Group Co., Ltd. (China), Navistar, Inc. (US), Foton Motor Inc. (China), China National Heavy Duty Truck Group Co., Ltd., (China), and BYD Auto Co., Ltd. (China) are among others.
Free Sample “Electric Truck Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/6261
Global Market Highlights:
The global electric truck market is anticipated to witness considerable growth over the forecast period as per the analysis and study undertaken by Market Research Future (MRFR). The growth of the market is reported to be at a compound annual rate of 15% during the forecast period between 2018 and 2023.
The rising level of emphasis placed upon reducing pollution globally has led to the development of vehicles that are less harmful to the environment. Market reports connected with the automobile industry have been offered by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better.
The increasing number of strict policies imposed by the government to control vehicular emissions and the incentive-based policies imposed to increase the purchase of electric trucks in countries like Germany, Japan, the US, and China is a major driving factor for the global market. Furthermore, the increasing per capita disposable income of consumers, continuous increase in transport activities, and the growing prices of fuel is also expected to increase the growth of the global market.
However, high cost associated with R&D will increase the cost of the vehicle, which is expected to hamper the growth for the global electric trucks market. Creating awareness among consumers about the product is a major challenge for the manufacturers in the global electric truck market.
Electric Truck Industry Segments:
The electric truck market globally is segmented based on charge type, truck type, application, and region.
Based on truck type, the electric truck market has been segmented into heavy duty and medium duty.
Based on charge type, the electric truck market has been segmented into plug-in hybrid, battery, hybrid, and hydrogen fuel cell. Based on application, the electric truck market has been segmented into municipal, logistics, and others.
The regions included in the electric truck market are Europe, Asia Pacific, North America and the rest of the world.
Regional Analysis:
The global electric truck market is regionally distributed across the following major regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
It is reported through the study undertaken by MRFR that the global market of electric trucks is flourishing across various regions, especially in Europe and North America. The Asia Pacific region is expected to experience significant growth and demand over the forecast period due to the presence of China. China is identified as the leader in terms of manufacturing any type of fully or hybrid electric technologies like electric trucks. This is due to the presence of various major manufacturers herein. Furthermore, it is stated that the availability of subsidies and incentives provided through government schemes will further ameliorate the global demand and sales for electric trucks in the Asia Pacific region.
Elsewhere, the European region is estimated to switch towards full or hybrid electric trucks to attain the target set for EU’s 20-20-20 policy. The North American regional market is projected to witness slow paced growth in the coming years compared to other mentioned regions. The sales of full and hybrid type electric vehicles is projected to be less than the ones with natural gas powertrains. This is due to the lack of development of battery charging infrastructure in major countries of this region like the US and Canada.
Both North America and Europe combined with China comprise more than 70% of the global market of electrics trucks. It is reported that the increasing concerns related to environmental pollution through internal combustion engine vehicles will be a major factor in driving the development of the global market.
TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Electric Truck Market, By Truck Type
5.1 Introduction
5.2 Medium Duty Trucks
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 Heavy Duty Trucks
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
6 Global Electric Truck Market, By Charge Type
Continued…
LIST OF TABLES:
Table 1 Global Electric Truck Market: By Region, 2018-2023
Table 2 North America Electric Truck Market: By Country, 2018-2023
Table 3 Europe Electric Truck Market: By Country, 2018-2023
Table 4 Asia-Pacific Electric Truck Market: By Country, 2018-2023
Table 5 RoW Electric Truck Market: By Country, 2018-2023
Continued…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Electric Truck Market Share, By Application, 2017 (%)
Continued…
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/electric-truck-market-6261
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/electric-truck-market-6261
Source: MarketersMedia
Release ID: 88892999
