Middle East & Africa Electric Trucks Market Forecast to 2028

Report Code : BMIRE00025897 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 14/Sep/2022
Middle East & Africa Electric Trucks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Propulsion (BEV, PHEV, and FCV), Vehicle Type (LCV and Medium & HCV), Range (Less than 200 miles and More than 200 Miles), and Level of Automation (Semi-Autonomous and Fully Autonomous)

The MEA electric trucks market is expected to grow from US$ 284.43 million in 2022 to US$ 959.13 million by 2028. It is estimated to grow at a CAGR of 22.5% from 2022 to 2028.

The electric trucks market is growing due to the rising trend of self-driving trucks. Autonomous driving and electromobility are key fields for the transport sector's future. There are plenty of examples of applications for both fields, whether trucks, cars, buses, or even construction machinery, such as excavators and wheel loaders. However, linking the two remains the exception, even though this fusion offers the greatest potential economically and ecologically, especially in the truck and transport sector. Top original equipment manufacturers (OEM), such as Tesla, Volvo, Vera, and Daimler, have developed self-driving electric trucks. Startups, including Embark, Einride, TuSimple, and Ike (Nuro), have also started developing self-driving electric trucks. Waymo had started testing its self-driving trucks. Self-driving electric truck technology will create market opportunities for electric truck manufacturers in the long run due to the various advantages, such as easy use and the presence of value-added features.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA electric trucks market at a promising CAGR during the forecast period.

MEA Electric Trucks Market Revenue and Forecast to 2028 (US$ Million)

MEA Electric Trucks Market Segmentation

The MEA electric trucks market is segmented on the basis of propulsion type, vehicle type, range, level of automation, and country.

Based on propulsion, the market is segmented into BEV, FCV, and PHEV. The BEV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.

Based on vehicle type, the market is bifurcated into LCVs and medium & HCVs. The LCV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.

Based on range, the market is segmented into less than 200 miles and more than 200 miles. The more than 200 miles segment has emerged as the dominating one in 2022 and is expected to be the fastest-growing segment during the forecast period.

Based on level of automation, the market is segmented into semi-autonomous and fully autonomous. The fully autonomous segment has been dominant in 2022 and is expected to be the fastest-growing segment during the forecast period.

Based on country, the regional market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA.

AB Volvo; Daimler AG; FAW Group Co., Ltd; Navistar, Inc.; PACCAR Inc.; Proterra Inc.; Rivian; Scania; and Tesla, Inc. are leading companies in the MEA electric trucks market.

The List of Companies - Middle East & Africa Electric Trucks Market

● AB Volvo

● aimler AG

● FAW Group Co., Ltd

● Navistar, Inc.

● PACCAR Inc.

● Proterra Inc.

● Rivian

● Scania

● Tesla, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Electric Trucks Market – By Propulsion

1.3.2 MEA Electric Trucks Market – By Vehicle Type

1.3.3 MEA Electric Trucks Market – By Range

1.3.4 MEA Electric Trucks Market – By Level of Automation

1.3.5 MEA Electric Trucks Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Electric Trucks Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Electric Trucks Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Government Initiatives and Stringent Emission Rules to Boost the Electric Trucks Growth

5.1.2 Surge in Production and Sales of EVs

5.2 Market Restraints

5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV)

5.3 Market Opportunities

5.3.1 Manufacturing of Self-Driving Truck Technology

5.4 Future Trends

5.4.1 Smart Charging and Connected Infrastructure

5.5 Impact Analysis of Drivers and Restraints

6. MEA Electric Trucks Market Analysis

6.1 MEA Electric Trucks Market Overview

6.2 MEA Electric Trucks Market Forecast and Analysis

7. MEA Electric Trucks Market Revenue and Forecast to 2028 – Type

7.1 Overview

7.2 MEA Electric Trucks Market, By Propulsion Type (2021 and 2028)

7.3 BEV

7.3.1 Overview

7.3.2 BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

7.4 PHEV

7.4.1 Overview

7.4.2 PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

7.5 FCV

7.5.1 Overview

7.5.2 FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

8. Electric Trucks Market – By Vehicle Type

8.1 Overview

8.2 MEA Electric Trucks Market, By Vehicle Type (2021 and 2028)

8.3 LCV

8.3.1 Overview

8.3.2 LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Medium and HCV

8.4.1 Overview

8.4.2 Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

9. MEA Electric Trucks Market – By Range

9.1 Overview

9.2 MEA Electric Trucks Market, By Range (2021 and 2028)

9.3 Less than 200 miles

9.3.1 Overview

9.3.2 Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

9.4 More than 200 miles

9.4.1 Overview

9.4.2 More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

10. MEA Electric Trucks Market – By Level of Automation

10.1 Overview

10.2 MEA Electric Trucks Market, By Level of Automation (2021 and 2028)

10.3 Semi-Autonomous

10.3.1 Overview

10.3.2 Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Fully Autonomous

10.4.1 Overview

10.4.2 Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

11. MEA Electric Trucks Market –Country Analysis

11.1 Overview

11.1.1 MEA: Electric Trucks Market, by Key Country

11.1.1.1 South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 South Africa: Electric Trucks Market, By Propulsion Type

11.1.1.1.2 South Africa: Electric Trucks Market, By Vehicle Type

11.1.1.1.3 South Africa: Electric Trucks Market, By Range

11.1.1.1.4 South Africa: Electric Trucks Market, By Level of Automation

11.1.1.2 Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Saudi Arabia: Electric Trucks Market, By Propulsion Type

11.1.1.2.2 Saudi Arabia: Electric Trucks Market, By Vehicle Type

11.1.1.2.3 Saudi Arabia: Electric Trucks Market, By Range

11.1.1.2.4 Saudi Arabia: Electric Trucks Market, By Level of Automation

11.1.1.3 UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 UAE: Electric Trucks Market, By Propulsion Type

11.1.1.3.2 UAE: Electric Trucks Market, By Vehicle Type

11.1.1.3.3 UAE: Electric Trucks Market, By Range

11.1.1.3.4 UAE: Electric Trucks Market, By Level of Automation

11.1.1.4 Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1 Rest of MEA: Electric Trucks Market, By Propulsion Type

11.1.1.4.2 Rest of MEA: Electric Trucks Market, By Vehicle Type

11.1.1.4.3 Rest of MEA: Electric Trucks Market, By Range

11.1.1.4.4 Rest of MEA: Electric Trucks Market, By Level of Automation

12. Industry Landscape

12.1 Market Initiative

12.2 New Development

13. Company Profile

13.1 AB Volvo

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Daimler AG

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 FAW Group Co.,Ltd.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Navistar, Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 PACCAR Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Proterra Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Rivian

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Scania

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Tesla, Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary

LIST OF TABLES.

Table 1.             MEA Electric Trucks Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             MEA: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

Table 6.             South Africa: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Saudi Arabia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Saudi Arabia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 11.          UAE: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          UAE: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          UAE: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UAE: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Glossary of Terms

The List of Companies - Middle East & Africa Electric Trucks Market

● AB Volvo

● aimler AG

● FAW Group Co., Ltd

● Navistar, Inc.

● PACCAR Inc.

● Proterra Inc.

● Rivian

● Scania

● Tesla, Inc.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA electric trucks market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA electric trucks market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the electric trucks market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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