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, according to latest analysis by Emergen Research. 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.
The global Electric Commercial Vehicle market research report offers extensive statistical analysis to impart a deeper understanding of the Electric Commercial Vehicle industry and the changing dynamics of the business sphere. The report covers key data about market share, market size, revenue growth, sales and distribution channel, current and emerging trends, and technological advancements. The report offers a comprehensive overview of the Electric Commercial Vehicle industry to assist the companies engaged in the market to maximize the return on their investments and capitalize on the emerging growth prospects.
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Competitive Terrain:
The global Electric Commercial Vehicle industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Yutong, BYD, VDL Groep, Proterra, AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., Ankai
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Additional information offered by the report:
- Along with a complete overview of the global Electric Commercial Vehicle market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Electric Commercial Vehicle market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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 Bus
- Electric Truck
- Electric Pick-up Truck
- Electric Van
- Battery Type Outlook (Revenue, USD Billion; 2019–2030)
- Lithium-Iron-Phosphate (LFP)
- Lithium-Nickel-Manganese-Cobalt Oxide (NMC)
- Others
- 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 Motor
- Electric Vehicle Battery
- Hydrogen Fuel Cell
- Range Type Outlook (Revenue, USD Billion; 2019–2030)
- Less than 150 Miles
- 150-300 Miles
- Above 300 Miles
- End-Use Type Outlook (Revenue, USD Billion; 2019–2030)
- Last-Mile Delivery
- Distribution Service
- Field Service
- Refuse Service
- Long Haul Transportation
Radical Highlights of the Electric Commercial Vehicle Market Report:
- Comprehensive overview of the Electric Commercial Vehicle market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Electric Commercial Vehicle market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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