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市場調査レポート
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1422764

電気トラックの世界市場:ボディタイプ別、推進力別、航続距離別、地域別、機会、予測、2017年~2031年

Electric Truck Market Assessment, By Body Type, By Propulsion, By Range, By Region, Opportunities and Forecast, 2017-2031F

出版日: | 発行: Market Xcel - Markets and Data | ページ情報: 英文 232 Pages | 納期: 3~5営業日

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価格
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電気トラックの世界市場:ボディタイプ別、推進力別、航続距離別、地域別、機会、予測、2017年~2031年
出版日: 2024年02月12日
発行: Market Xcel - Markets and Data
ページ情報: 英文 232 Pages
納期: 3~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の電気トラックの市場規模は、予測期間の2024年~2031年に20.32%のCAGRで拡大し、2023年の101億5,000万米ドルから2031年には445億8,000万米ドルに成長すると予測されています。同市場は近年著しい成長を遂げており、今後も力強い拡大ペースを維持すると予想されます。

商用車がEV技術を採用していることから、輸送の未来は電動化されると思われます。電気トラックは少し前までは単なるコンセプトでしたが、今では現実のものとなり、二酸化炭素排出量を削減し、輸送を効率化します。強力なバッテリー、バッテリー管理システム、効率的なモーターにより、電気トラックは強力なローダーになっています。グリーン輸送プログラムに取り組む政府とともに拡大するロジスティクスビジネスも、公共部門と民間部門で電気トラックの採用を増やしています。電気トラックの吸収には、ダンプトラック、フォークリフトトラック、小型貨物トラック、大型トラックなどが含まれます。拡大するeコマース部門も、電気トラックや電気バンなどのハイブリッド車、電気自動車、電気電池車といった持続可能な輸送手段を採用しています。さらに、当局が電気商用車に補助金を出すなど、EVの採用イニシアチブが市場成長を促進すると予想されます。EV用バッテリーの進歩に伴い、平均バッテリー容量のシフトも改善しています。国際エネルギー機関(IEA)は、「世界EVアウトルック2023」の中で、平均バッテリー容量(kWh)と2019年から2022年の間のシフトに関するデータを共有しています。大型トラックのスコアは、2019年の293kWhから2022年には311kWhに変化しました。

民間または公共の物流要件に関わる商業事業は、持続可能な貨物輸送方法を採用しています。電気トラックの需要が高まっているのは、その運転効率、ディーゼル価格の上昇、メンテナンス要件の低減によるものです。物流大手は業務に持続可能なアプローチを採用し、大型トラックや中型トラックを採用しています。電気トラックはエンジンシステムを持たないため、メンテナンス費用が少なくて済みます。モーターセンサーを備えた高度な電気推進は、バッテリー管理システムとともにバッテリーシステムを監視します。これらのような先進技術は、ディーゼルトラックに対する電気トラックの優位性を提供します。世界中の政府が二酸化炭素排出量を制限しようとしているため、ディーゼルエンジンを改良したり、電気自動車に置き換えたりしています。これは予測期間中、電気トラックの販売を促進すると予想されます。

当レポートでは、世界の電気トラック市場について調査し、市場の概要とともに、ボディタイプ別、推進力別、航続距離別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 お客様の声

第5章 世界の電気トラック市場の見通し、2017年~2031年

  • 市場規模と予測
  • ボディタイプ別
  • 推進力別
  • 航続距離別
  • 地域別
  • 企業別市場シェア(%)、2023年

第6章 世界の電気トラック市場の見通し、地域別、2017年~2031年

  • 北米
  • 欧州
  • アジア太平洋
  • 南米
  • 中東・アフリカ

第7章 市場マッピング、2023年

第8章 マクロ環境と産業構造

  • 需要供給分析
  • 輸出入分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第9章 市場力学

第10章 主要参入企業の情勢

第11章 ケーススタディ

第12章 価格分析

第13章 主要企業の見通し

  • AB Volvo
  • Mercedes Benz Group AG
  • Daimler Truck AG
  • Scania AB
  • Dongfeng Motor Corporation
  • BYD Co. Ltd
  • Nikola Corporation
  • Tesla Inc
  • PACCAR Inc
  • Volkswagen AG

第14章 戦略的提言

第15章 お問合せと免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 2. Global Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 3. Global Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 4. Global Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 5. Global Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 6. Global Electric Truck Market Share (%), By Region, 2017-2031F
  • Figure 7. North America Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 8. North America Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 9. North America Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 10. North America Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 11. North America Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 12. North America Electric Truck Market Share (%), By Country, 2017-2031F
  • Figure 13. United States Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 14. United States Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 15. United States Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 16. United States Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 17. United States Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 18. Canada Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 19. Canada Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 20. Canada Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 21. Canada Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 22. Canada Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 23. Mexico Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 24. Mexico Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 25. Mexico Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 26. Mexico Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 27. Mexico Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 28. Europe Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 29. Europe Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 30. Europe Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 31. Europe Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 32. Europe Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 33. Europe Electric Truck Market Share (%), By Country, 2017-2031F
  • Figure 34. Germany Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 35. Germany Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 36. Germany Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 37. Germany Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 38. Germany Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 39. France Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 40. France Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 41. France Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 42. France Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 43. France Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 44. Italy Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 45. Italy Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 46. Italy Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 47. Italy Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 48. Italy Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 49. United Kingdom Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 50. United Kingdom Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 51. United Kingdom Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 52. United Kingdom Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 53. United Kingdom Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 54. Russia Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 55. Russia Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 56. Russia Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 57. Russia Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 58. Russia Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 59. Netherlands Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 60. Netherlands Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 61. Netherlands Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 62. Netherlands Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 63. Netherlands Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 64. Spain Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 65. Spain Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 66. Spain Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 67. Spain Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 68. Spain Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 69. Turkey Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 70. Turkey Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 71. Turkey Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 72. Turkey Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 73. Turkey Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 74. Poland Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 75. Poland Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 76. Poland Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 77. Poland Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 78. Poland Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 79. South America Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 80. South America Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 81. South America Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 82. South America Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 83. South America Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 84. South America Electric Truck Market Share (%), By Country, 2017-2031F
  • Figure 85. Brazil Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 86. Brazil Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 87. Brazil Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 88. Brazil Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 89. Brazil Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 90. Argentina Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 91. Argentina Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 92. Argentina Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 93. Argentina Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 94. Argentina Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 95. Asia-Pacific Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 96. Asia-Pacific Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 97. Asia-Pacific Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 98. Asia-Pacific Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 99. Asia-Pacific Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 100. Asia-Pacific Electric Truck Market Share (%), By Country, 2017-2031F
  • Figure 101. India Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 102. India Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 103. India Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 104. India Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 105. India Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 106. China Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 107. China Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 108. China Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 109. China Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 110. China Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 111. Japan Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 112. Japan Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 113. Japan Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 114. Japan Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 115. Japan Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 116. Australia Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 117. Australia Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 118. Australia Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 119. Australia Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 120. Australia Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 121. Vietnam Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 122. Vietnam Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 123. Vietnam Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 124. Vietnam Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 125. Vietnam Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 126. South Korea Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 127. South Korea Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 128. South Korea Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 129. South Korea Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 130. South Korea Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 131. Indonesia Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 132. Indonesia Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 133. Indonesia Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 134. Indonesia Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 135. Indonesia Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 136. Philippines Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 137. Philippines Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 138. Philippines Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 139. Philippines Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 140. Philippines Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 141. Middle East & Africa Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 142. Middle East & Africa Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 143. Middle East & Africa Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 144. Middle East & Africa Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 145. Middle East & Africa Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 146. Middle East & Africa Electric Truck Market Share (%), By Country, 2017-2031F
  • Figure 147. Saudi Arabia Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 148. Saudi Arabia Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 149. Saudi Arabia Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 150. Saudi Arabia Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 151. Saudi Arabia Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 152. UAE Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 153. UAE Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 154. UAE Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 155. UAE Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 156. UAE Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 157. South Africa Electric Truck Market, By Value, in USD Billion, 2017-2031F
  • Figure 158. South Africa Electric Truck Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 159. South Africa Electric Truck Market Share (%), By Body Type, 2017-2031F
  • Figure 160. South Africa Electric Truck Market Share (%), By Propulsion, 2017-2031F
  • Figure 161. South Africa Electric Truck Market Share (%), By Range, 2017-2031F
  • Figure 162. By Body Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 163. By Propulsion Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 164. By Range Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX10962

The global electric truck market is projected to witness a CAGR of 20.32% during the forecast period 2024-2031, growing from USD 10.15 billion in 2023 to USD 44.58 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

The future of transportation seems electric as commercial vehicles are adopting EV technology. While the electric truck was merely a concept some time back, now it is a reality, reducing carbon emissions and making transportation efficient. The strong batteries, battery management systems, and efficient motors have made electric trucks powerful loaders. The expanding logistics businesses with governments working for green transportation programs are also increasing the adoption of electric trucks in the public and private sectors. The absorption of electric trucks involves dump trucks, forklift trucks, light-duty cargo trucks, heavy-duty trucks, etc. The expanding e-commerce sector is also adopting sustainable transportation measures such as hybrid, electric, and electric cell-based vehicles such as electric trucks and vans. Furthermore, the EV adoption initiatives with authorities subsidizing electric commercial vehicles are expected to drive market growth. As EV batteries keep getting advanced, the shift in average battery capacity has also improved. International Energy Agency (IEA), in its Global EV Outlook 2023, has shared data regarding average battery capacity (kWh) and the shift between 2019 and 2022. The heavy-duty truck's score changed from 293 kWh in 2019 to 311 kWh in 2022.

Lower Operational Costs and Reduced Maintenance Requirements Fuel Market Growth

Commercial operations involving private or public logistics requirements are adopting the sustainable method of transporting cargo. The higher demand for electric trucks is due to their operational efficiency, increasing diesel prices, and lower maintenance requirements. The logistic giants are adopting a sustainable approach to their operations and adopting heavy-duty and medium-duty trucks. The electric truck requires low maintenance costs as it doesn't have an engine system. The advanced electric propulsion with motor sensors monitors the battery systems along with the battery management system. Advanced technologies like these provide electric trucks with an edge over diesel trucks. Governments around the world are trying to limit their carbon emissions and hence refining diesel engines or replacing them with electric vehicles. This is expected to fuel the sales of electric trucks during the forecast period.

Another example of a low-maintenance electric truck is Rizon. Working on lithium iron phosphate battery technology, Daimler Truck Holding AG launched Rizon with its class 4 and class 5 medium-duty trucks in April 2023. The truck has lower maintenance costs that are expected to fuel its sales in the United States market.

Proliferation in Heavy-Duty Charging Stations and Effective Service to Propel Market Growth

Electric battery and automotive brands are electrifying the truck routes in the potential regions. This is adding ease to the e-truck riders in hassle-free operations. The growing electric truck fleet depends upon the charging structure and service on cargo routes. As EV brands grow with higher sales of heavy and medium-duty electric vehicles like buses and trucks, companies tend to extend their service area and install a greater number of charging stations across countries. In December 2023, Uber Freight and Greenlane teamed up to electrify America's trucking routes with the deployment of heavy-duty charging stations across the country. The partnership is expected to add Uber Frieght's logistical insights to Greenlane's experience in commercial electric charging infrastructure.

Governments around the world are also investing in heavy-duty charging infrastructure to minimize tailpipe emissions. For instance, in July 2023, the Dutch government funded a consortium to install Charging Energy Hubs in the nation. The consortium involves twenty-nine partners including local companies such as Shell and DAF.

Government Subsidies and Higher Investments to Limit Emissions Norms Driving Market Growth

Governments around the world are limiting carbon emissions through different measures and hence promoting electric and hybrid vehicles among the public and private sectors. Furthermore, the government has subsidized passenger and commercial electric vehicles since its advent. However, there have been some subsidy cuts in recent years, but it hasn't slowed EV sales across countries. Alongside, the government is also building the heavy-duty charging infrastructure and investing in its deployment. Apart from the passenger EV charging spots, the authorities are heavily investing in commercial charging setups. The authorities help the company build core infrastructure, solar canopies, and battery energy storage systems.

In July 2023, the US state of Michigan announced that it will set up a mobility charging hub in the Redford facility of Daimler Trucks. The setup will be on 130 acres of land. The location witnesses 10,000 medium- and heavy-duty trucks per day, and hence, the setup is likely to cater to these drivers.

Increased E-Commerce Operations and Higher ROI to Increase the Sales of Heavy-Duty Trucks

Based on body type, heavy-duty commercial trucks perform significantly better. The growth is attributed to the rising e-commerce adoption of electric and hybrid vehicles. The heavy-duty carriers comprise a capacity of 16 tons to 49 tons, providing a better return on investment (ROI). The extended heavy-duty charging spots also fuel the demand for heavy-duty electric trucks. Several heavy-duty vehicle distributors are helping the electric truck brands to penetrate different potential markets. The expanding logistic businesses with sustainable operational ranges are also adopting heavy-duty trucks with no tailpipe emission.

For example, in June 2023, the Al-Futtaim Auto & Machinery Company (FAMCO) launched the first-ever heavy-duty electric truck range in the Middle East and UAE. The range has been developed to build a sustainable future of transport and mobility in the UAE.

Besides enhancing the distribution, new battery technology is being developed to increase the distance range. In April 2023, Automotive brands Scania and Northvolt launched a jointly developed battery cell serving heavy-duty electric vehicles. The battery delivers a lifetime range of 1.5 million kilometers.

Asia-Pacific Dominates Electric Truck Market

Asia-Pacific is expected to hold a significant market share during the forecast period while North America follows up regarding the market hold. Emerging economies of the Asia-Pacific region like China and India are building the infrastructure to deploy commercial electric vehicles. These countries provide several subsidies on different body types and ranges of commercial electric vehicles. In November 2023, India unraveled a plan worth USD 960 million for boosting electric vehicle battery production. The target is establishing advanced battery plants with an outcome of 20-gigawatt hours. The increased sales of commercial electric vehicles are attributed to the high fuel prices, local EV startups, and strong government support to both manufacturers and end users. Advanced battery technology like battery swapping systems or battery management systems is propelling and helping the market expand its regional boundaries.

China led the race to electric trucks as it sold 36,000 electric trucks in 2022. The factor attributing to the higher sales of these electric trucks is battery swapping technology. In 2022, more than 49.5 % of the total electric truck sales in China came from swap-capable vehicles. Swap-capable electric vehicles are majorly used for short-distance operations at ports, mines, and urban logistics.

Future Market Scenario (2024 - 2031F)

Autonomous or self-driving commercial trucks with electric propulsion are anticipated to perform well in the global market.

Advanced battery technologies like battery swapping, heavy-duty fast charging, and battery management systems are likely to impact the market positively.

E-commerce and logistic businesses advancing their transportation measures are expected to add new electric truck fleets to their operations.

The proliferation of commercial charging stations for truck routes across states and countries will boost the electric truck market globally.

Key Players Landscape and Outlook

Key participants in the electric truck market focus on supply chains, advanced technology, and higher loading capacity. Apart from the properties, the companies compete to undertake government projects and funds for building EV charging infrastructures. Key players collaborate, partner, and acquire companies working for enhanced technology to upscale their vehicles. Mergers between brands to extend charging and service range also add value to the global market.

In December 2023, Triton EV selected Ward Wizard Innovation and Mobility as its manufacturing partner for battery-operated trucks in India and the UAE. The partnership will focus on the sales of commercial EVs in these regions.

In January 2023, Adani Enterprises Limited signed an agreement with Canada's Ballard Power and Ashok Leyland to develop a hydrogen fuel cell electric truck (FCET). The truck is being developed for mining logistics and transportation.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Factors Considered in Purchase Decisions
    • 4.2.1. Battery Life
    • 4.2.2. Load Capacity
    • 4.2.3. Battery Technology
    • 4.2.4. Price Range
    • 4.2.5. Warranty
    • 4.2.6. Lead Time
    • 4.2.7. After Sales Support
    • 4.2.8. Annual Maintenance Contract

5. Global Electric Truck Market Outlook, 2017-2031F

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. By Body Type
    • 5.2.1. Light Duty Electric Truck
    • 5.2.2. Medium-Duty Electric Truck
    • 5.2.3. Heavy Duty Electric Truck
  • 5.3. By Propulsion
    • 5.3.1. Battery Electric Truck
    • 5.3.2. Fuel Cell Electric Truck
    • 5.3.3. Others
  • 5.4. By Range
    • 5.4.1. Up to 150 miles
    • 5.4.2. 151 to 300 Miles
    • 5.4.3. Above 300 Miles
  • 5.5. By Region
    • 5.5.1. North America
    • 5.5.2. Europe
    • 5.5.3. Asia-Pacific
    • 5.5.4. South America
    • 5.5.5. Middle East and Africa
  • 5.6. By Company Market Share (%), 2023

6. Global Electric Truck Market Outlook, By Region, 2017-2031F

  • 6.1. North America*
    • 6.1.1. Market Size & Forecast
      • 6.1.1.1. By Value
      • 6.1.1.2. By Volume
    • 6.1.2. By Body Type
      • 6.1.2.1. Light-Duty Electric Truck
      • 6.1.2.2. Medium-Duty Electric Truck
      • 6.1.2.3. Heavy Duty Electric Truck
    • 6.1.3. By Propulsion
      • 6.1.3.1. Battery Electric Truck
      • 6.1.3.2. Fuel Cell Electric Truck
      • 6.1.3.3. Others
    • 6.1.4. By Range
      • 6.1.4.1. Up to 150 miles
      • 6.1.4.2. 151 to 300 Miles
      • 6.1.4.3. Above 300 Miles
    • 6.1.5. United States*
      • 6.1.5.1. Market Size & Forecast
      • 6.1.5.1.1. By Value
      • 6.1.5.1.2. By Volume
      • 6.1.5.2. By Body Type
      • 6.1.5.2.1. Light-Duty Electric Truck
      • 6.1.5.2.2. Medium-Duty Electric Truck
      • 6.1.5.2.3. Heavy Duty Electric Truck
      • 6.1.5.3. By Propulsion
      • 6.1.5.3.1. Battery Electric Truck
      • 6.1.5.3.2. Fuel Cell Electric Truck
      • 6.1.5.3.3. Others
      • 6.1.5.4. By Range
      • 6.1.5.4.1. Up to 150 miles
      • 6.1.5.4.2. 151 to 300 Miles
      • 6.1.5.4.3. Above 300 Miles
    • 6.1.6. Canada
    • 6.1.7. Mexico

All segments will be provided for all regions and countries covered

  • 6.2. Europe
    • 6.2.1. Germany
    • 6.2.2. France
    • 6.2.3. Italy
    • 6.2.4. United Kingdom
    • 6.2.5. Russia
    • 6.2.6. Netherlands
    • 6.2.7. Spain
    • 6.2.8. Turkey
    • 6.2.9. Poland
  • 6.3. Asia-Pacific
    • 6.3.1. India
    • 6.3.2. China
    • 6.3.3. Japan
    • 6.3.4. Australia
    • 6.3.5. Vietnam
    • 6.3.6. South Korea
    • 6.3.7. Indonesia
    • 6.3.8. Philippines
  • 6.4. South America
    • 6.4.1. Brazil
    • 6.4.2. Argentina
  • 6.5. Middle East & Africa
    • 6.5.1. Saudi Arabia
    • 6.5.2. UAE
    • 6.5.3. South Africa

7. Market Mapping, 2023

  • 7.1. By Body Type
  • 7.2. By Propulsion
  • 7.3. By Range
  • 7.4. By Region

8. Macro Environment and Industry Structure

  • 8.1. Demand Supply Analysis
  • 8.2. Import Export Analysis
  • 8.3. Value Chain Analysis
  • 8.4. PESTEL Analysis
    • 8.4.1. Political Factors
    • 8.4.2. Economic System
    • 8.4.3. Social Implications
    • 8.4.4. Technological Advancements
    • 8.4.5. Environmental Impacts
    • 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 8.5. Porter's Five Forces Analysis
    • 8.5.1. Supplier Power
    • 8.5.2. Buyer Power
    • 8.5.3. Substitution Threat
    • 8.5.4. Threat from New Entrants
    • 8.5.5. Competitive Rivalry

9. Market Dynamics

  • 9.1. Growth Drivers
  • 9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

  • 10.1. Competition Matrix of Top Five Market Leaders
  • 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
  • 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 10.4. SWOT Analysis (For Five Market Players)
  • 10.5. Patent Analysis (If Applicable)

11. Case Studies

12. Pricing Analysis

13. Key Players Outlook

  • 13.1. AB Volvo
    • 13.1.1. Company Details
    • 13.1.2. Key Management Personnel
    • 13.1.3. Products & Services
    • 13.1.4. Financials (As reported)
    • 13.1.5. Key Market Focus & Geographical Presence
    • 13.1.6. Recent Developments
  • 13.2. Mercedes Benz Group AG
  • 13.3. Daimler Truck AG
  • 13.4. Scania AB
  • 13.5. Dongfeng Motor Corporation
  • 13.6. BYD Co. Ltd
  • 13.7. Nikola Corporation
  • 13.8. Tesla Inc
  • 13.9. PACCAR Inc
  • 13.10. Volkswagen AG

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14. Strategic Recommendations

15. About Us & Disclaimer