Electric Commercial Vehicle Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2027

Market Size – USD 31.05 Billion in 2019, Market Growth - CAGR of 34.8%, Market trends –High demand from China.

The study addresses the elements driving the worldwide Electric Commercial Vehicle Market. Traders and investors can use this data to strategize to increase market share, and newcomers can use it to locate opportunities and grow in the business. There are also some restrictions on the expansion of this market. The Electric Commercial Vehicle Market study also provides company biographies, SWOT analysis, and business strategies for major industry players. In addition, the research focuses on key industry players, providing details such as business descriptions, skills, current financials, and company advancements.

Electric commercial vehicles may be beneficial in reducing the carbon footprints on the environment as they produce fewer emissions that are accountable for climate change and smog as compared to conventional vehicles. Presently, on the basis of the worldwide average carbon intensity of power generation, wheel-to-wheel emissions from an average electric commercial vehicle are lower as compared to an average ICE vehicle running on liquid/gaseous fuel blends.

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/electric-commercial-vehicle-market

Top competitors of the Electric Commercial Vehicle Market profiled in the report include:

Yutong, BYD, VDL Groep, Proterra, AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., and Ankai, among others.

The research provides answers to the following key questions:

  • What will be the growth rate of the Electric Commercial Vehicle market for the forecast period, 2018 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
  • What are challenges and threats faced by the prominent vendors operating in the Electric Commercial Vehicle market?
  • Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
  • What are the past, present and emerging trends likely to influence the growth rate of the Electric Commercial Vehicle market for the forecast period, 2018 to 2028?
  • What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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SCOPE OF THE REPORT

The study draws a forecast of the growth of the Electric Commercial Vehicle market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

For the purpose of this report, Emergen Research has segmented into the global Electric Commercial Vehicle Market on the basis of component, propulsion type, vehicle type, battery type, range, end-user, and region:

Component Outlook (Revenue, USD Billion; 2017-2027)

  • Electric Motor
  • Electric Vehicle Battery
  • Hydrogen Fuel Cell

Propulsion Type Outlook (Revenue, USD Billion; 2017-2027)

  • BEV
  • PHEV
  • FCEV

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

  • Electric Bus
  • Electric Truck (Medium and Heavy Duty Trucks)
  • Electric Pick-up Truck
  • Electric Van

Battery Type Outlook (Revenue, USD Billion; 2017-2027)

  • Lithium-iron-phosphate (LFP)
  • Lithium-nickel-manganese-cobalt oxide (NMC)
  • Others

Range Outlook (Revenue, USD Billion; 2017-2027)

  • less than 150 Miles
  • 150-300 Miles
  • Above 300 Miles

End-User Outlook (Revenue, USD Billion; 2017-2027)

  • Last-Mile Delivery
  • Distribution Service
  • Field Service
  • Refuse Service
  • Long Haul Transportation

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America  

 

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