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Market Research Report

Electric Commercial Vehicle (BEV, HEV, PHEV & FCEV) Market Analysis 2017-2025: Global Industry Share, Size, Trends, Demand Analysis with Sales Data

Published On : 2018-07-12 Report Page : 280 Category: Automotive

Global Electric Commercial Vehicles Market Outlook 2017-2025

Market Overview

Electric commercial vehicles have the potential to significantly diminish greenhouse gas emissions and pollution and reduce per-mile operational and maintenance costs. In 2016, global stock of electric vehicles reached 2 million units after surpassing the threshold of 1 million units in 2015. This rapid growth is majorly driven by the China, Japan and several European countries. Technological advancements and declining battery costs have made electric vehicles cheaper as compare to previous price in previous years and more economical against inefficient gas and diesel trucks. The adoption of electric commercial vehicles across the globe is “going to be driven simply by cost-per-mile.” The plug-in light commercial vehicle market is in its initial stages, but over the upcoming months a growing array of 100% electric and plug-in hybrid models from conventional manufacturers are due for launch in major countries such Germany, China, U.S and U.K among others. In European countries, the regional governments are supporting fleets acquiring electric light commercial vehicles with a plug-in grant to support offset the extra buying price over that of petrol and diesel models. Such government initiatives and market players approach to establish huge market for electric commercial vehicles will significantly propel the growth of commercial vehicles across the globe. However, the initial purchasing cost of electric commercial vehicles is considerably greater than that of a conventional diesel trucks and other heavy commercial vehicles. In addition, electric commercial vehicles have a limited range that may lead to the renowned challenge commonly known as “range anxiety” due to the lack of sufficient recharging stations.

Goldstein Research analyst forecast global electric commercial vehicles market is likely to thrive with the emergence of Electric Commercial Vehicles in coming years. Further, the global electric commercial vehicles market is expected to expand at a CAGR of +45% over the forecast period as advancements in batteries and higher adoption rate will augment the growth of electric commercial vehicles sales in the region.

Global Electric Commercial Vehicles Market Segmentation

By Technology Type

  • Battery Electric Commercial Vehicles
  • Plug-in Hybrids
  • Hybrids
  • Fuel Cell Electric Commercial Vehicles

Based on types of trucks, Goldstein Research predicts strong potential uptake of battery Electric Commercial Vehicles, particularly in the light- and medium-duty segments. Conflicting choice conditions to purchase passenger cars, commercial vehicles buying decisions place greater importance on economic calculations and reveal a greater sensitivity to regulation. Light- and medium-duty battery Electric Commercial Vehicles segment adoption will possibly lag that of passenger-car electric vehicles through 2025 due to a lack of eTruck model availability and fleets that are risk hostile.

By Vehicle Type

  • Light-Duty Commercial Vehicles
  • Medium-Duty Commercial Vehicles
  • Heavy-Duty Commercial Vehicles

By Applications

  • Cargo
  • Passenger

By Haulage

  • Urban
  • Regional
  • Long-Haul Cycles

By Geography

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

Based on geography, Asia Pacific region dominated the global electric commercial vehicles market with about 35% market share of global electric commercial vehicles market with the China as the growth engine for the electric commercial vehicles market in the region. On the other hand, United States is the fastest growing region for heavy electric trucks market majorly fueled by the introduction of new electric commercial trucks and the regional market value is expected to increase at a CAGR of +50% during the forecast period.

Covered In This Global Electric Commercial Vehicles Market Report      

The report covers the present ground scenario and the future growth prospects of the electric commercial vehicles for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Global electric commercial vehicles market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Electric Commercial Vehicles Market Outlook 2017-2025, 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 commercial vehicles market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Electric Commercial Vehicles Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Global Electric Commercial Vehicles Market Report comprises of the following companies as the key players: PACCAR, Volvo, Tesla, Hino Trucks, New Flyer Industries Inc., Varley Group, Isuzu Motors Limited, Nissan, Goupil Industries, Dong Feng Motors, Iveco, Komatsu, BYD, Wrightspeed, Renault & Groupe Delanchy, Daimler AG and Nikola Motor Company.

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 Commercial Vehicles Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue 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?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for electric commercial vehicles market
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  • Position yourself to gain the maximum advantage of the electric commercial vehicles market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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Electric Commercial Vehicle (BEV, HEV, PHEV & FCEV) Market Analysis 2017-2025: Global Industry Share, Size, Trends, Demand Analysis with Sales Data

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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