A Global Electric Commercial Vehicle Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Electric Commercial Vehicle market industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Electric Commercial Vehicle Market, this study covers qualitative and quantitative aspects of the Electric Commercial Vehicle Market. In addition to historical data from 2018 to 2019, the research study provides an accurate forecast until 2030 for the Electric Commercial Vehicle Market. A comprehensive analysis of established and emerging players in the market is summarized in the report.
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The global electric commercial vehicle market size was USD 56.34 Billion in 2021 and is expected to register a revenue CAGR of 34.4% during the forecast period. Rising demand for emission-free commercial vehicles is expected to support market revenue growth between 2022 and 2030. In addition, implementation of electric buses as public transit is expected to change public transit worldwide over the upcoming years by lowering emissions, decreasing levels of noise, and enhancing fuel efficiency. Moreover, rising volumes of Carbon Dioxide (CO2) emissions and other hazardous pollutants due to petrol and diesel transportation leading firms to sift in commercial electric vehicle And rising demand for green and renewable energy are driving electric commercial vehicle market growth during the forecast period.
However, batteries of present electric commercial vehicles have low capacity and distances per charge are also limited. Service life and quality of batteries impact performance of commercial electric vehicles, hence capacity of batteries is very low to power commercial vehicles.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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The global Electric Commercial Vehicle market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Electric Commercial Vehicle sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global electric commercial vehicle market based on vehicle type, battery type, propulsion type, component, range, end-use, and region:
Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
Electric Pick-up Truck
Battery Type Outlook (Revenue, USD Billion; 2019–2030)
Lithium-Nickel-Manganese-Cobalt Oxide (NMC)
Propulsion Type Outlook (Revenue, USD Billion; 2019–2030)
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Fuel Cell Electric Vehicle (FCEV)
Component Type Outlook (Revenue, USD Billion; 2019–2030)
Electric Vehicle Battery
Hydrogen Fuel Cell
Range Type Outlook (Revenue, USD Billion; 2019–2030)
Less than 150 Miles
Above 300 Miles
End-Use Type Outlook (Revenue, USD Billion; 2019–2030)
Long Haul Transportation
The global Electric Commercial Vehicle market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Electric Commercial Vehicle market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key Companies Profiled in the Report:
Proterra, Inc., Zhengzhou Yutong Group Co., Ltd., BYD Co Ltd., VDL Group B.V., NFI Group, Volvo Group, Nikola Corporation, Rivian Automotive, Inc., Workhorse Group Incorporated, Tesla, Inc., Ebusco B.V., and King Long United Automotive Industry Co., Ltd.
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Radical Features of the Electric Commercial Vehicle Market Report:
The report encompasses Electric Commercial Vehicle market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Electric Commercial Vehicle industry
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