Electric Commercial Vehicle Market Size - USD 31.05 Billion in 2019, Market Growth - CAGR of 34.8%, Market trends -High demand from China.
The Global Electric Commercial Vehicle Market Research Report 2021 published by Emergen Research offers a critical overview of the overall market with regards to the market size, market share, market volume, price analysis, global reach, and financial standing.
The demand for these commercial cars has surged, and it is anticipated to soon overtake the ICE vehicle. Governments all over the world are investing heavily in the electric vehicle charging infrastructure to provide lucrative opportunities for the OEMs to expand their business as well as revenue. However, the growing cost required in the initial overhaul, investment, and maintenance is hampering the electric commercial vehicle market's development.
The global Electric Commercial Vehicle Market is forecasted to be worth USD 339.78 Billion by 2027, according to a current analysis by Emergen Research.
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Cue Competitors:
The research Electric Commercial Vehicle report also offers a detailed analysis of the market status, market definition and overview, market share, current and future trends, market drivers and constraints, opportunities and limitations, risks, sales network and distribution channels, details on entry barriers, and market growth prospects.
Key participants include Yutong, BYD, VDL Groep, Proterra, AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., and Ankai, among others.
Precondition Underline From the Report
- There is a growing demand for Electric Vehicle Battery systems and emission control systems due to the growing concern regarding the increasing pollution levels and the adverse effects of climate change. Hybrid systems of standard motors and Electric Vehicle Batteries are used by most hybrid vehicles.
- Battery electric vehicles (BEV) store electricity onboard with high-capacity battery packs. BEVs do not release any harmful emissions caused by traditional gasoline-powered vehicles. Battery Electric Vehicles are charged by electricity from an external source.
- The government is focusing on introducing an electric vehicle for public transportation. Several cities are running a fleet of electric buses to reduce the pollution level, and these vehicles also provide tremor free transportation, which improves customer satisfaction.
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Regional Analysis:
The Electric Commercial Vehicle report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Segmental Analysis:
The report provides an in-depth analysis of the key competitors operating in the industry. The Electric Commercial Vehicle report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Electric Motor
- Electric Vehicle Battery
- Hydrogen Fuel Cell
- Propulsion Type Outlook (Revenue, USD Billion; 2017-2027)
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Electric Bus
- Electric Truck (Medium and Heavy Duty Trucks)
- Electric Pick-up Truck
- Electric Van
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Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter's Five Forces analysis
- In-depth 8 year analysis of the Global Electric Commercial Vehicle Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Electric Commercial Vehicle Market Segmentation & Impact Analysis 4.1. Electric Commercial Vehicle Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing demand for emission-free commercial vehicles 4.2.2.2. Government support for electric commercial vehicles 4.2.3. Market restraints analysis 4.2.3.1. High development cost 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter's Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Electric Commercial Vehicle Market By Component Insights & Trends Revenue (USD Million) 5.1. Component Dynamics & Market Share, 2019 & 2027 5.1.1. Electric Motor 5.1.2. Electric Vehicle Battery 5.1.3. Hydrogen Fuel Cell
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