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Market Research Report

Global Electric Dump Truck Market Analysis Size, Trends, Share, Demand & Growth Opportunity Assessment, Regional Outlook, & Forecast 2016-2024

Published On : 2018-03-28 Report Page : 270 Category: Automotive

Global Electric Dump Truck Market 

A flawless road toward decarbonization of the heavy-duty freight industry has been elusive. Barriers to the development of electric and hydrogen fuel cell heavy-duty commercial trucks include inadequate technology availability, limited economies of scale, cargo mass and volume constraints, and a lack of recharging infrastructure. Many governments and technology companies are looking forward to break down such hurdles to help decarbonize heavy-duty freight trucks. Heavy-duty commercial trucks or dump trucks are inconsistent contributors to pollution, demonstrating less than one tenth of all vehicles but roughly 40% of their carbon emissions, and their movement keeps growing, such factors are pushing automotive OEMs and technology companies to develop advance technology to power these huge vehicles with minimum impact on the environment. Electric dump truck market is likely to driven by these factors and could offer cost-effective opportunities for deep emission reductions.

Goldstein Research analyst forecast global electric dump truck market is likely to grow exponentially with the emergence of electric vehicles and advanced battery technologies in coming years. We also find that electric dump trucks would cost almost 25%–30% less, and hydrogen fuel cells at least 5%–30% less, than diesel vehicles to own, operate, and fuel in the 2030 timeframe.

Covered In This Global Electric Dump Truck Market Report

The report covers the present ground scenario and the future growth prospects of the global electric dump truck market for 2016-2024 along with the total revenue of electric heavy-duty vehicle in every region. We compared the advancement of heavy-duty diesel, diesel hybrid, natural gas, fuel cell, and battery electric technologies in the 2025–2030 timeframe. We also analyzed the emerging advanced technologies by their cost of ownership and life-cycle greenhouse gas emissions.

Global Electric Dump Truck Market Segmentation

By Technology Type

  • Diesel Hybrid
  • Battery Electric dump truck

By Vehicle Type

  • Standard Dump Trucks
  • Off-road Dump Trucks
  • Transfer Dump Trucks
  • Side Dump Trucks

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Based on technology type, diesel hybrid segment accounted for the lion share of the electric dump truck market. Moreover, diesel hybrid technology is expected to maintain its dominance over the forecast period and steady development and adoption of battery electric dump trucks is anticipated to arise during the forecast period.

Electric Dump Truck Market: Global Trends, Challenges & Key Players

Global Electric Dump Truck Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global electric dump truck market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global electric dump truck market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global electric dump truck market report comprises of the following companies as the key players in the global electric dump truck market: Efficient Drivetrains Inc (EDI), Komatsu, BYD, Wrightspeed, Renault & Groupe Delanchy, Tesla, Cummins Inc., Daimler AG and Nikola Motor Company.

According to our global electric dump truck market study on the basis of extensive primary and secondary research is one major trend in the market is technological advancement to achieve longer battery backup and higher power output. For instance, a corporation between two Swiss companies converted a Komatsu dumper truck with a giant 700 kWh battery pack into a massive electric dump truck. This single transformation alone has an inspiring impact in term of fuel savings and emission reduction.

According to the report, major driver in global electric dump truck market is growing global pressure to reduce carbon emission from vehicles. Heavy commercial vehicle accounts for approximately 40% of total vehicular emission which has significantly intensified the need for fuel efficient and zero emission heavy duty vehicles. These factors along with ongoing research and development activities for development of advance battery technologies are likely to propel the growth of electric dump trucks in coming 5-7 years. 

Further, the report states the challenges in global electric dump truck market one of which major challenge is high cost of battery technology and issues related to the travel distance and time, and issues related to load capacity, which is the major factor hindering the growth of adoption of electric dump truck market.

Geographically, Asia Pacific region accounted for the largest market share of electric dump truck market as China is the forerunner in the electric vehicles market of Asia-Pacific, while the other major economies such as Japan, South Korea, Australia and India are also witnessing an upsurge in the number of electric vehicle sales, which is the major factor for the growth of EV vehicles market growth in the region. On the other hand, Western Europe and North America are expected to witness huge growth and adoption of electric vehicles in coming years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global electric dump truck market report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the total market size per segment and region in 2015-16 and what would be the expected market size per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Electric Dump Truck Market Analysis Size, Trends, Share, Demand & Growth Opportunity Assessment, Regional Outlook, & Forecast 2016-2024

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements