Emergen Research has recently published a detailed report on the global Electric Commercial Vehicle Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Electric Commercial Vehicle Market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Electric Commercial Vehicle Market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
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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. 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 report is updated with the impact of the COVID-19 pandemic on the Electric Commercial Vehicle market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Electric Commercial Vehicle market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Electric Commercial Vehicle market.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Electric Commercial Vehicle market.
Leading manufacturers profiled in the report:
Proterra, Inc., Zhengzhou Yutong Group Co., Ltd., BYD Co Ltd., VDL Group B.V., NFI Group, Volvo Group, Nikola Corporation, Rivian Automotive, Inc., Workhorse Group Incorporated, Tesla, Inc., Ebusco B.V., and King Long United Automotive Industry Co., Ltd.
Market Overview:
The report bifurcates the Electric Commercial Vehicle market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Electric Commercial Vehicle market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Electric Commercial Vehicle market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Electric Commercial Vehicle market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Electric Commercial Vehicle market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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