Electric Truck Market: Trends, Size, Share, Key players, Competition, Sales Data, Market Behavior, Growth Drivers & Demand Analysis by Technology Type (Battery, Plug-in, Hybrids & Fuel cell), by Vehicle Type (Light-duty, Medium-duty, Heavy duty) and by Application with Regional Outlook for Forecast Period 2017-2025

Market Overview

While the global electric vehicles market is still at an emerging stage, it is poised to transform industries and communities across the globe. In 2016, the 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 China, Japan, and several European countries. Technological advancements and declining battery costs have made electric vehicles cheaper as compared to the previous price in previous years and more economical against inefficient gas and diesel trucks. The adoption of electric trucks in Global is “going to be driven simply by cost-per-mile.”

Moreover, the government regulation across the globe to accomplish energy conservation targets, climate change and industrial development goals has significantly reinforced the growth and development of the electric trucks market. In mid of rapid growth of electric vehicle sales, electric vehicle’s battery manufacturers are developing cost-effective batteries that have put electric vehicles on track to pass conventional vehicles. Such advancements and favorable government initiative will strengthen the growth of electric trucks during the forecast period. Goldstein Research analyst forecast global electric trucks market is likely to thrive with the emergence of electric trucks in coming years. Further, the U.S electric trucks market is expected to expand at a CAGR of +35% over the forecast period as advancements in batteries and higher adoption rate will augment the growth of electric trucks sales in the region.

Electric Trucks Market Segmentation

By Technology Type

• Battery Electric Trucks
• Plug-in Hybrids
• Hybrids
• Fuel Cell Electric Trucks

By Vehicle Type

• Light-Duty Trucks (LDTs)
• Medium-Duty Trucks (MDTs)
• Heavy-Duty Trucks (HDTs)

By Applications

• Urban
• Regional (Inter-Cities)
• Long-Haul Cycles

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)} 
• Europe (UK, France, Italy, Germany, Spain, Sweden, Russia, Netherlands, Norway and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the 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 and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} 

Market Share & Forecast to 2025

Based on types of technology, Goldstein Research predicts strong potential uptake of battery electric trucks, 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 trucks 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.

Based on geography, Asia Pacific region dominated the global electric trucks market with about 35% market share of global electric trucks market with China as the growth engine for the Electric trucks market in the region. On the other hand, United States is the fastest growing region for plug-in hybrid cars market majorly fueled by the introduction of new electric trucks and the regional market value is expected to increase at a CAGR of +40% during the forecast period.

Covered In This Global Electric Trucks Market Report

The report covers the present ground scenario and the future growth prospects of the electric trucks 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 trucks market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Electric Trucks 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 trucks 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 Trucks Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Electric Trucks Companies (Key Market Players)

Our Global Electric Trucks Market Report comprises of the following companies as the key players.

•  Orange EV
•  Tesla
•  Hino Trucks
•  Isuzu Motors Limited
•  Nissan
•  Goupil Industries
•  Dong Feng Motors
•  Iveco 
•  Efficient Drivetrains Inc (EDI)
•  BYD
•  Wrightspeed
•  Renault & Groupe Delanchy
•  Cummins Inc.
•  Daimler AG
•  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 Trucks Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the 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 trucks market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the electric trucks market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects.