Report Ocean has released a market research report on the Electric Truck industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global electric truck market size was US$ 496.2 million in 2021. The global electric truck market size is forecast to reach US$ 4116.5 million by 2030, growing at a compound annual growth rate (CAGR) of 26.5% during the forecast period from 2022 to 2030.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=BWCC453
A battery-powered electric truck is a commercial vehicle that transports cargo via electricity. Also, electric trucks have fewer moving parts than diesel trucks and do not require multi-speed transmissions, thus reducing maintenance costs and improving reliability with almost no noise pollution. Government initiatives are also encouraging the adoption of electric trucks, which have remarkable benefits such as high torque, no noise pollution, and lower maintenance costs over diesel trucks.
Factors Influencing Market Growth
- A growing number of government initiatives for promoting e-mobility, stringent emissions standards for fossil fuel-powered commercial vehicles, and a decrease in battery costs are driving the global electric truck market.
- The lack of charging infrastructure and the high cost of electric trucks may slow down the global market growth during the forecast period.
- Increasing demand for electric trucks from the logistics sector and the advent of self-driving technology will offer significant growth opportunities for companies operating in the global electric truck market.
Impact Analysis of COVID-19
Due to government-imposed lockdowns, the overall automobile market suffered losses in the early months of the COVID-19 pandemic. Sales of electric trucks had negatively affected by the loss of jobs due to factory closures and the fear of stagnation brought on by COVID-19. Nevertheless, electric trucks are forecast to gain traction following the relaxation of lockdown restrictions.
Regional Insights
The Asia Pacific is forecast to grow significantly during the forecast period. In China, domestic demand for these trucks is driving the market growth. These trucks are in demand in this region due to municipal air quality, non-fuel-based vehicles, replacement sales targets, and favorable government subsidies.
Get a Free Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=BWCC453
Leading Competitors
The leading prominent companies profiled in the global electric truck are:
- AB Volvo
- BYD Compay Ltd.
- Daimler AG
- Dongfeng Motor Company
- Geely Automobiles Holdings Limited
- Man SE
- Paccar Inc.
- Scania
- Tata Motors
- Workhorse
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global electric truck market segmentation focuses on Propulsion, Vehicle Type, Range, and Region.
Segmentation based on Propulsion
- Battery electric vehicle
- Hybrid electric vehicle
- Plug-in hybrid electric vehicle
- Fuel cell electric vehicle
Segmentation based on Vehicle Type
- Light-Duty Electric Truck
- Medium-Duty Electric Truck
- Heavy-Duty Electric Truck
Segmentation based on Range
- Upto 150 Miles
- 151-300 Miles
- Above 300 Miles
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=BWCC453
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Electric Truck Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Electric Truck Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Electric Truck Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Electric Truck Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Electric Truck Market scenario, in terms of historical market revenues, and forecast till the year 2031.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC453
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/