The electric trucks market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028; it is estimated to grow at a CAGR of 29.4% from 2022 to 2028
The electric trucks market in North America and Europe is expanding significantly. The market growth in these regions is ascribed to ongoing developments in battery materials and the rising focus on green mobility. As the sales of heavy battery-electric trucks begin to pick up, the international trucking sector is migrating toward more sustainable transportation, with Europe leading the way. Europe has an increasingly large number of heavy all-electric vehicles in commercial fleets on the road.
China is the largest contributor to the APAC electric trucks market. In other countries of APAC, manufacturers are being encouraged to use electrical technology with the rising stringency of pollution limits in several nations. South Korea and Japan are expected to make significant investments in EV infrastructure, including charging stations. Asia-Pacific is expected to register the highest CAGR in the electric trucks market during the forecast period.
In Europe, the number of commercial vehicles empowered with electric propulsion (2.0%) lagged behind the number of electrically powered passenger automobiles (5.9%) in 2020. The development of electrified commercial vehicles has been a priority for European manufacturers. However, the subsidies focus more on passenger cars.
Several South American countries are leading the way in the electric truck sector. Owing to the public–private partnerships, Chile is predicted to be one of the most competitive and attractive hybrid and electric vehicle markets during 2020–2025. Brazil is a developing market with conducive conditions for the development of flex-hybrid technology, among others. Mexico and Brazil are predicted to be the largest EV markets in terms of actual market volume, while Colombia and Chile are expected to be the fastest-growing markets in South America. Uruguay and Ecuador have announced incentives and financial plans to encourage the adoption of electric buses in local fleets, and thus, they have significant hybrid technology penetration rates.
The key companies operating in the electric trucks market include Daimler AG; AB Volvo; Tesla; BYD Company Ltd; Navistar Inc; FAW Group Co. Ltd; PACCAR Inc; Rivian; Scania; and Proterra Inc.
The current government and regulatory policies in North America fuel the production and sales of electric trucks in the region. For instance, the South Coast Air Quality Management District (South Coast AQMD) is engaged with the California Air Resources Board (CARB) and the California Energy Commission (CEC) for the deployment of 100 battery-electric regional haul and drayage trucks across California, through a partnership with NFI Industries (NFI) and Schneider. This partnership and related development is supported under the Joint Electric Truck Scaling Initiative (JETSI). Being the largest initiative for the commercial deployment of battery-electric trucks in North America to date, the JETSI aims to increase the number of zero-emission heavy-duty trucks for the movement of goods. The Federal Government of the US has set a goal: by 2030, half of all new passenger cars and light trucks sold should be ZEVs, a category including both battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) that can be charged with electricity, as well as hydrogen-powered fuel-cell electric vehicles (FCEVs).
The need for electric trucks was prevalent during the pre-COVID-19 period due to the growing urban population. The sluggish demand for electric trucks largely impacted global and regional sales, which has disrupted material and component supplies, production schedules, and sales dynamics (thereby boosting online sales). Confinement measures for COVID-19 control were a major reason for the drop in automotive manufacturing in the first half of 2020. Since China is one of the world's leading manufacturers of automobile parts, most traditional vehicle components are procured or manufactured domestically in the country. In China, domestic production of traditional vehicle components, such as electric motors, quickly recovered after the lockdown was lifted; however, production of special EV components, such as power batteries, lagged, due to supply pressure from upstream raw materials, as well as due to lowered demand in downstream markets.
The overall electric trucks market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the electric trucks market analysis with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the electric trucks market.
According to our latest market study on “Electric Trucks Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Propulsion, Vehicle Type, Range, and Level of Automation,” the market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028; it is estimated to grow at a CAGR of 29.4% 2022 to 2028.
In the last few years, governments have taken many initiatives to promote the adoption of advanced transportation solutions, such as electrification, in both light and heavy vehicles. Pressure from legislators and authorities for emissions control to reduce carbon dioxide and boost fuel efficiency is a key factor accelerating the use of electric components in heavy vehicles, such as tractors and agricultural machinery. Battery-powered trucks are instrumental in the reduction of pollution levels in urban areas, where concern for air quality is high and stringent emissions laws are mandatory. Governments in European Union (EU), China, Japan, Canada, India, and South Korea are proactively taking steps to increase the adoption of electric vehicles (EVs), especially buses and trucks. According to Japan's Electrified Vehicle (xEV) Strategy, the country is expected to reduce 80% of its automotive greenhouse gas emissions by 2050 by producing Electrified Vehicle (xEV). Such favorable initiatives are anticipated to boost the adoption of electric trucks and other heavy-duty vehicles during the forecast period.
A battery electric vehicle (BEV) relies only on chemical energy stored in rechargeable battery packs for propulsion, with no supplementary source of propulsion (e.g., hydrogen fuel cell, internal combustion engine, etc.). The battery electric trucks exhibit 100% emissions-free operation, but as the world strives for a sustainable future, it will become an increasingly common criterion to secure new contracts. Quiet, zero-emission transportation within cities is required to transport retail products, remove waste, create new structures, and maintain infrastructure. The market for battery electric trucks is expected to grow with the introduction of batteries with extended lives and greater energy density, and a drop in battery prices.
Impact of COVID-19 Pandemic on North America Electric Trucks Market
During the first six months of COVID-19 in 2020, North America experienced a slowdown in economic growth that seriously affected the automobile industries in the US, Canada, and Mexico. A significant drop in sales volume led to lower-than-usual production volumes in industrial facilities. By mid-2021, vaccination drives and massive financial support resulted in the strong comeback of the US economy. For instance, according to the World Bank Group, the US economic growth can be attributed to the surge in FDIs in this country.
The number of mergers and collaborations has increased considerably in North America in recent years. Amazon invested in Rivian, an electric truck and SUV provider, and Aurora, a self-driving technology startup. GM is striving to catch up in the electric vehicle race by investing in Cruise, and a self-driving firm in 2022. Ford expects the launch of an all-electric F-150 "Lightning" in 2022, which will have "bi-directional" charging. Customers began receiving the long-awaited Rivian electric pickup in September 2021. Lucid, TuSimple, Lyft, Uber, Nikola, Lordstown, Li Auto, Nio, XPeng, and Fisker have gone public, indicating that the AV/EV business is awash in cash.
Based on propulsion, the electric trucks market is segmented into BEV, PHEV, and FCEV. In 2021, The BEV segment led the market with the largest share. Based on vehicle, the electric trucks market is categorized into LCV, and Medium and HCV. In 2021, the LCV segment accounted for a larger share of the market. Based on range, the electric trucks market is segmented into less than 200 miles and more than 200 miles. In 2021, the more than 200 miles segment led the market with a larger share. Based on the level of automation, the electric trucks market bifurcated into semi-autonomous and fully autonomous. In 2021, the semi-autonomous segment led the market with a larger share. Based on geography, the electric trucks market is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, Europe accounted for a significant share of the market.
Key Findings of Study:
The services offered by key electric truck automakers or automobile brands offering electric trucks include inbound logistics, operations, outbound logistics, sales and marketing, and after-sales services. The inbound logistics services supply raw materials such as software, hardware, lithium, and cobalt. BYD, Daimler AG, AB Volvo, PACCAR, Tesla, Ford, and Scania are among the giant manufacturers having production plants and operations scattered worldwide, from Asia to Europe and America. This allows them to reduce manufacturing and shipping expenses in different regions. Moreover, regulators and organizations are collaborating to strengthen supply chains while maintaining commerce flow. Several electric truck manufacturers have their showrooms, while others rely on franchisees.
The primary goal of electric truck brands and manufacturers is to increase revenues and profits. To cope with competition, electric truck manufacturers spend a lot on promoting and selling their brands through traditional and internet means. They also ensure customer retention through support efforts. The efficiency of support service is directly reflected in customer retention. DongFeng Motor corporation, BYD, Daimler AG, AB Volvo, PACCAR, Tesla, Ford, and Scania are among the major electric truck providers in the world.
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 Global Electric Trucks Market – By Propulsion
1.3.2 Global Electric Trucks Market – By Vehicle Type
1.3.3 Global Electric Trucks Market – By Range
1.3.4 Global Electric Trucks Market – By Level of Automation
1.3.5 Global Electric Trucks Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Trucks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. 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 Global Production and Sales of EVs
5.2 Market Restraints
5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV) is Flourishing the Growth for Diesel Powertrain
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. Electric Trucks Market – Global Market Analysis
6.1 Electric Trucks Market Global Overview
6.2 Global Electric Trucks Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Electric Trucks Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 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 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. Electric Trucks Market – By Range
9.1 Overview
9.2 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. Electric Trucks Market – By Level of Automation
10.1 Overview
10.2 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. Electric Trucks Market – Geographic Analysis
11.1 Overview
11.2 North America: Electric Trucks Market
11.2.1 North America: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Electric Trucks Market, By Propulsion Type
11.2.3 North America: Electric Trucks Market, By Vehicle Type
11.2.4 North America: Electric Trucks Market, By Range
11.2.5 North America: Electric Trucks Market, By Level of Automation
11.2.6 North America: Electric Trucks Market, by Key Country
11.2.6.1 US: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Electric Trucks Market, By Propulsion Type
11.2.6.1.2 US: Electric Trucks Market, By Vehicle Type
11.2.6.1.3 US: Electric Trucks Market, By Level of Automation
11.2.6.2 Canada: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Electric Trucks Market, By Propulsion Type
11.2.6.2.2 Canada: Electric Trucks Market, By Vehicle Type
11.2.6.2.3 Canada: Electric Trucks Market, By Level of Automation
11.2.6.3 Mexico: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Electric Trucks Market, By Propulsion Type
11.2.6.3.2 Mexico: Electric Trucks Market, By Vehicle Type
11.2.6.3.3 Mexico: Electric Trucks Market, By Range
11.2.6.3.4 Mexico: Electric Trucks Market, By Level of Automation
11.3 Europe: Electric Trucks Market
11.3.1 Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Electric Trucks Market, By Propulsion Type
11.3.3 Europe: Electric Trucks Market, By Vehicle Type
11.3.4 Europe: Electric Trucks Market, By Range
11.3.5 Europe: Electric Trucks Market, By Level of Automation
11.3.6 Europe: Electric Trucks Market, by Key Country
11.3.6.1 Germany: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Electric Trucks Market, By Propulsion Type
11.3.6.1.2 Germany: Electric Trucks Market, By Vehicle Type
11.3.6.1.3 Germany: Electric Trucks Market, By Range
11.3.6.1.4 Germany: Electric Trucks Market, By Level of Automation
11.3.6.2 France: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Electric Trucks Market, By Propulsion Type
11.3.6.2.2 France: Electric Trucks Market, By Vehicle Type
11.3.6.2.3 France: Electric Trucks Market, By Range
11.3.6.2.4 France: Electric Trucks Market, By Level of Automation
11.3.6.3 Italy: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Electric Trucks Market, By Propulsion Type
11.3.6.3.2 Italy: Electric Trucks Market, By Vehicle Type
11.3.6.3.3 Italy: Electric Trucks Market, By Range
11.3.6.3.4 Italy: Electric Trucks Market, By Level of Automation
11.3.6.4 UK: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Electric Trucks Market, By Propulsion Type
11.3.6.4.2 UK: Electric Trucks Market, By Vehicle Type
11.3.6.4.3 UK: Electric Trucks Market, By Range
11.3.6.4.4 UK: Electric Trucks Market, By Level of Automation
11.3.6.5 Russia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Electric Trucks Market, By Propulsion Type
11.3.6.5.2 Russia: Electric Trucks Market, By Vehicle Type
11.3.6.5.3 Russia: Electric Trucks Market, By Range
11.3.6.5.4 Russia: Electric Trucks Market, By Level of Automation
11.3.6.6 Rest of Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Electric Trucks Market, By Propulsion Type
11.3.6.6.2 Rest of Europe: Electric Trucks Market, By Vehicle Type
11.3.6.6.3 Rest of Europe: Electric Trucks Market, By Range
11.3.6.6.4 Rest of Europe: Electric Trucks Market, By Level of Automation
11.4 APAC: Electric Trucks Market
11.4.1 APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Electric Trucks Market, By Propulsion Type
11.4.3 APAC: Electric Trucks Market, By Vehicle Type
11.4.4 APAC: Electric Trucks Market, By Range
11.4.5 APAC: Electric Trucks Market, By Level of Automation
11.4.6 APAC: Electric Trucks Market, by Key Country
11.4.6.1 Australia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Electric Trucks Market, By Propulsion Type
11.4.6.1.2 Australia: Electric Trucks Market, By Vehicle Type
11.4.6.1.3 Australia: Electric Trucks Market, By Range
11.4.6.1.4 Australia: Electric Trucks Market, By Level of Automation
11.4.6.2 China: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Electric Trucks Market, By Propulsion Type
11.4.6.2.2 China: Electric Trucks Market, By Vehicle Type
11.4.6.2.3 China: Electric Trucks Market, By Range
11.4.6.2.4 China: Electric Trucks Market, By Level of Automation
11.4.6.3 India: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Electric Trucks Market, By Propulsion Type
11.4.6.3.2 India: Electric Trucks Market, By Vehicle Type
11.4.6.3.3 India: Electric Trucks Market, By Range
11.4.6.3.4 India: Electric Trucks Market, By Level of Automation
11.4.6.4 Japan: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Electric Trucks Market, By Propulsion Type
11.4.6.4.2 Japan: Electric Trucks Market, By Vehicle Type
11.4.6.4.3 Japan: Electric Trucks Market, By Range
11.4.6.4.4 Japan: Electric Trucks Market, By Level of Automation
11.4.6.5 South Korea: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Electric Trucks Market, By Propulsion Type
11.4.6.5.2 South Korea: Electric Trucks Market, By Vehicle Type
11.4.6.5.3 South Korea: Electric Trucks Market, By Range
11.4.6.5.4 South Korea: Electric Trucks Market, By Level of Automation
11.4.6.6 Rest of APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Electric Trucks Market, By Propulsion Type
11.4.6.6.2 Rest of APAC: Electric Trucks Market, By Vehicle Type
11.4.6.6.3 Rest of APAC: Electric Trucks Market, By Range
11.4.6.6.4 Rest of APAC: Electric Trucks Market, By Level of Automation
11.5 MEA: Electric Trucks Market
11.5.1 MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Electric Trucks Market, By Propulsion Type
11.5.3 MEA: Electric Trucks Market, By Vehicle Type
11.5.4 MEA: Electric Trucks Market, By Range
11.5.5 MEA: Electric Trucks Market, By Level of Automation
11.5.6 MEA: Electric Trucks Market, by Key Country
11.5.6.1 South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Electric Trucks Market, By Propulsion Type
11.5.6.1.2 South Africa: Electric Trucks Market, By Vehicle Type
11.5.6.1.3 South Africa: Electric Trucks Market, By Range
11.5.6.1.4 South Africa: Electric Trucks Market, By Level of Automation
11.5.6.2 Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Electric Trucks Market, By Propulsion Type
11.5.6.2.2 Saudi Arabia: Electric Trucks Market, By Vehicle Type
11.5.6.2.3 Saudi Arabia: Electric Trucks Market, By Range
11.5.6.2.4 Saudi Arabia: Electric Trucks Market, By Level of Automation
11.5.6.3 UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Electric Trucks Market, By Propulsion Type
11.5.6.3.2 UAE: Electric Trucks Market, By Vehicle Type
11.5.6.3.3 UAE: Electric Trucks Market, By Range
11.5.6.3.4 UAE: Electric Trucks Market, By Level of Automation
11.5.6.4 Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Electric Trucks Market, By Propulsion Type
11.5.6.4.2 Rest of MEA: Electric Trucks Market, By Vehicle Type
11.5.6.4.3 Rest of MEA: Electric Trucks Market, By Range
11.5.6.4.4 Rest of MEA: Electric Trucks Market, By Level of Automation
11.6 SAM: Electric Trucks Market
11.6.1 SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Electric Trucks Market, By Propulsion Type
11.6.3 SAM: Electric Trucks Market, By Vehicle Type
11.6.4 SAM: Electric Trucks Market, By Range
11.6.5 SAM: Electric Trucks Market, By Level of Automation
11.6.6 SAM: Electric Trucks Market, by Key Country
11.6.6.1 Brazil: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Electric Trucks Market, By Propulsion Type
11.6.6.1.2 Brazil: Electric Trucks Market, By Vehicle Type
11.6.6.1.3 Brazil: Electric Trucks Market, By Range
11.6.6.1.4 Brazil: Electric Trucks Market, By Level of Automation
11.6.6.2 Argentina: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Electric Trucks Market, By Propulsion Type
11.6.6.2.2 Argentina: Electric Trucks Market, By Vehicle Type
11.6.6.2.3 Argentina: Electric Trucks Market, By Range
11.6.6.2.4 Argentina: Electric Trucks Market, By Level of Automation
11.6.6.3 Rest of SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Electric Trucks Market, By Propulsion Type
11.6.6.3.2 Rest of SAM: Electric Trucks Market, By Vehicle Type
11.6.6.3.3 Rest of SAM: Electric Trucks Market, By Range
11.6.6.3.4 Rest of SAM: Electric Trucks Market, By Level of Automation
12. Impact of COVID-19 Pandemic on Electric Trucks Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 New Development
14. Company Profile
14.1 AB Volvo
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BYD Company Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Daimler AG
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 FAW Group Co.,Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Navistar, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 PACCAR Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Proterra Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rivian
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Scania
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Tesla, Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES.
Table 1. Global Electric Trucks Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 115. Glossary of Terms, Electric Trucks Market
LIST OF FIGURES.
Figure 1. Electric Trucks Market Segmentation
Figure 2. Electric Trucks Market Segmentation – Geography
Figure 3. Electric Trucks Market Overview
Figure 4. Electric Trucks Market, By Propulsion
Figure 5. Electric Trucks Market, By Vehicle Type
Figure 6. Electric Trucks Market, By Range
Figure 7. Electric Trucks Market, By Level of Automation
Figure 8. Electric Trucks Market, By Region
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Electric Trucks Market Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Electric Trucks Market: Impact Analysis of Drivers and Restraints
Figure 17. Geographic Overview of Electric Trucks Market
Figure 18. Global Electric Trucks Market, Forecast and Analysis (US$ Million)
Figure 19. Market Positioning- Top Five Players
Figure 20. Electric Trucks Market Revenue Share, By Propulsion Type (2021 and 2028)
Figure 21. BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Electric Trucks Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 25. LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Electric Trucks Market Revenue Share, By Range (2021 and 2028)
Figure 28. Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Electric Trucks Market Revenue Share, By Level of Automation (2021 and 2028)
Figure 31. Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Electric Trucks Market Revenue Share, By Region (2021 & 2028)
Figure 34. North America: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 36. North America: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 37. North America: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 38. North America: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 39. North America: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 40. US: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 45. Europe: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 46. Europe: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 47. Europe: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 48. Europe: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 49. Germany: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. APAC: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 57. APAC: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 58. APAC: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 59. APAC: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 60. APAC: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 61. Australia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. China: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. India: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Japan: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. South Korea: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. MEA: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 69. MEA: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 70. MEA: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 71. MEA: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 72. MEA: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 73. South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. SAM: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 79. SAM: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 80. SAM: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 81. SAM: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 82. SAM: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 83. Brazil: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Argentina: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Rest of SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 86. Impact of COVID-19 Pandemic on North American Country Markets
Figure 87. Impact of COVID-19 Pandemic on European Country Markets
Figure 88. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 89. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 90. Impact of COVID-19 Pandemic on SAM Country Markets
The List of Companies - Electric Trucks Market
1. AB Volvo
2. BYD Company Ltd
3. Daimler AG
4. FAW Group Co.,Ltd.
5. Navistar, Inc.
6. PACCAR Inc.
7. Proterra Inc.
8. Rivian
9. Scania
10. Tesla, Inc.
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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
