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Electric Truck Market Size, Growth, Demands Outlook and Forecasts to 2030

Precedence Research - January 31, 2023

According to the research report, the global electric truck market size is expected to touch USD 15.6  Billion by 2030, from USD 2.4 Billion in 2022, growing with a significant CAGR of 26.39% from 2022 to 2030.

Electric Truck Market Size 2022 to 2030

The electric truck report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global electric truck in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global electric truck market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global electric truck during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/1656

 Report Scope of the Electric Truck Market

Report CoverageDetails
Market Size by 2030USD 23.6 Billion
Growth Rate from 2022 to 2030

CAGR of 12.15%

Largest MarketAsia Pacific
Fastest Growing MakretNorth America 
Base Year2021
Forecast Period2022 to 2030
Segments CoveredPropulsion, Vehicle Type, Range, End User, Battery Capacity, Payload Capacity, Level of Automation, Geography

This study covers a detailed segmentation of the global electric truck market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global electric truck market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • AB Volvo
  • Workhorse
  • BYD Company Ltd.
  • Tata Motors
  • Daimler AG
  • Scania
  • Dongfeng Motor Company
  • Paccar Inc.
  • Geely Automobiles Holdings Ltd.
  • Man SE

Market Segmentation

 By Propulsion

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

By Vehicle Type

  • Light Duty Electric Truck
  • Medium Duty Electric Truck
  • Heavy Duty Electric Truck

By Range

  • Upto 150 Miles
  • 151-300 Miles
  • Above 300 Miles

By End User

  • Last Mile Delivery
  • Long Haul Transportation
  • Refuse Services
  • Field Services
  • Distribution services

By Battery Capacity

  • Less Than 50kwh
  • 50-250 Kwh
  • Above 250 Kwh

By Payload Capacity

  • Upto 10,000 lbs
  • 10,001-26,000 lbs
  • Above 26,001 lbs

By Level of Automation

  • Semi-autonomous
  • Autonomous

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global electric truck report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global electric truck market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Truck Market, By Propulsion

7.1. Electric Truck Market, by Propulsion, 2022-2030

7.1.1. Battery Electric Truck

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Hybrid Electric Truck

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Plug-in Hybrid Electric Truck

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Fuel Cell Electric Truck

7.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Electric Truck Market, By Vehicle

8.1. Electric Truck Market, by Vehicle, 2022-2030

8.1.1. Light Duty Electric Truck

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Medium Duty Electric Truck

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Heavy Duty Electric Truck

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Truck Market, By Range

9.1. Electric Truck Market, by Range, 2022-2030

9.1.1. Upto 150 Miles

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 151-300 Miles

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Above 300 Miles

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Truck Market, By Battery Capacity

10.1. Electric Truck Market, by Battery Capacity, 2022-2030

10.1.1. Less Than 50kwh

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. 50-250 Kwh

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Above 250 Kwh

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Electric Truck Market, By End-use

11.1. Electric Truck Market, by End-use, 2022-2030

11.1.1. Last Mile Delivery

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Long Haul Transportation

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Refuse Services

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Distribution services

11.1.4.1. Market Revenue and Forecast (2017-2030)

11.1.5. Field Services

11.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Electric Truck Market, By Payload Capacity

12.1. Electric Truck Market, by Payload Capacity, 2022-2030

12.1.1. Upto 10,000 lbs

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. 10,001-26,000 lbs

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Above 26,001 lbs

12.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Electric Truck Market, By Level of Automation

13.1. Electric Truck Market, by Level of Automation, 2022-2030

13.1.1. Semi-autonomous

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Autonomous

13.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Electric Truck Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.1.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.1.3. Market Revenue and Forecast, by Range (2017-2030)

14.1.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.1.5. Market Revenue and Forecast, by End-use (2017-2030)

14.1.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.1.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.1.8.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.1.8.3. Market Revenue and Forecast, by Range (2017-2030)

14.1.8.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.1.8.5. Market Revenue and Forecast, by End-use (2017-2030)

14.1.8.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.1.8.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Range (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.1.9.5. Market Revenue and Forecast, by End-use (2017-2030)

14.1.9.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.1.9.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.2. Europe

14.2.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.2.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.2.3. Market Revenue and Forecast, by Range (2017-2030)

14.2.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.2.5. Market Revenue and Forecast, by End-use (2017-2030)

14.2.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.2.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Range (2017-2030)

14.2.8.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.2.8.5. Market Revenue and Forecast, by End-use (2017-2030)

14.2.8.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.2.8.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.2.9.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.2.9.3. Market Revenue and Forecast, by Range (2017-2030)

14.2.9.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.2.9.5. Market Revenue and Forecast, by End-use (2017-2030)

14.2.9.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.2.9.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.2.10.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.2.10.3. Market Revenue and Forecast, by Range (2017-2030)

14.2.10.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.2.10.5. Market Revenue and Forecast, by End-use (2017-2030)

14.2.10.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.2.10.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Range (2017-2030)

14.2.11.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.2.11.5. Market Revenue and Forecast, by End-use (2017-2030)

14.2.11.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.2.11.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.3.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.3.3. Market Revenue and Forecast, by Range (2017-2030)

14.3.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.3.5. Market Revenue and Forecast, by End-use (2017-2030)

14.3.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.3.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.3.8.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.3.8.3. Market Revenue and Forecast, by Range (2017-2030)

14.3.8.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.3.8.5. Market Revenue and Forecast, by End-use (2017-2030)

14.3.8.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.3.8.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.3.9.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.3.9.3. Market Revenue and Forecast, by Range (2017-2030)

14.3.9.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.3.9.5. Market Revenue and Forecast, by End-use (2017-2030)

14.3.9.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.3.9.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Range (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.3.10.5. Market Revenue and Forecast, by End-use (2017-2030)

14.3.10.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.3.10.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.3.11.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.3.11.3. Market Revenue and Forecast, by Range (2017-2030)

14.3.11.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.3.11.5. Market Revenue and Forecast, by End-use (2017-2030)

14.3.11.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.3.11.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.4.3. Market Revenue and Forecast, by Range (2017-2030)

14.4.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.4.5. Market Revenue and Forecast, by End-use (2017-2030)

14.4.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.4.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.4.8.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.4.8.3. Market Revenue and Forecast, by Range (2017-2030)

14.4.8.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.4.8.5. Market Revenue and Forecast, by End-use (2017-2030)

14.4.8.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.4.8.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.4.9.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.4.9.3. Market Revenue and Forecast, by Range (2017-2030)

14.4.9.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.4.9.5. Market Revenue and Forecast, by End-use (2017-2030)

14.4.9.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.4.9.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Range (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.4.10.5. Market Revenue and Forecast, by End-use (2017-2030)

14.4.10.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.4.10.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.4.11.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.4.11.3. Market Revenue and Forecast, by Range (2017-2030)

14.4.11.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.4.11.5. Market Revenue and Forecast, by End-use (2017-2030)

14.4.11.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.4.11.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.5.3. Market Revenue and Forecast, by Range (2017-2030)

14.5.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.5.5. Market Revenue and Forecast, by End-use (2017-2030)

14.5.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.5.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.5.8.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.5.8.3. Market Revenue and Forecast, by Range (2017-2030)

14.5.8.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.5.8.5. Market Revenue and Forecast, by End-use (2017-2030)

14.5.8.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.5.8.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Propulsion (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Vehicle (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Range (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Battery Capacity (2017-2030)

14.5.9.5. Market Revenue and Forecast, by End-use (2017-2030)

14.5.9.6. Market Revenue and Forecast, by Level of Automation (2017-2030)

14.5.9.7. Market Revenue and Forecast, by Payload Capacity (2017-2030)

Chapter 15. Company Profiles

15.1. AB Volvo

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Workhorse

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. BYD Company Ltd.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Tata Motors

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Daimler AG

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Scania

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Dongfeng Motor Company

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Paccar Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Geely Automobiles Holdings Ltd.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Man SE

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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