Heavy Duty Truck Electrification Market to 2027 - Global Analysis and Forecast by Components (Electric Pumps, Electric Power Steering, Liquid Heater PTC, Electric Air Conditioner Compressor, Actuator, Alternator, Others); Powertrain Type (Fully Electric, Hybrid, Fuel Cell, Internal Combustion Engine (ICE))
- THE3479134
- 147 Pages
- January 2020
- Automotive and Transportation
Globally, heavy duty truck electrification market is experiencing an intense growth with regards to use of electric components in heavy vehicles such as tractors and agricultural machinery is pressure from legislators and authorities for emissions control in context to a reduction in carbon-dioxide and boosting fuel efficiency. Rising concern towards corporate social responsibility for major fleets and operators to maintain environmental ethics. Trucks with ranges from 150-300 km, with batteries, are supposed to play a vital role in urban areas where concern for air quality is high, and therefore need for stringent emissions laws is mandatory. The Asia pacific held the largest share of the heavy duty truck electrification market in 2018, and it is expected to continue its dominance during the forecast period of 2019–2027. North America and Europe held the second and third position in the global heavy duty truck electrification market in 2018 with market shares of more than 14% and 10% respectively.
The overall heavy duty truck electrification market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the heavy duty truck electrification market. It also provides the overview and forecast for the global heavy duty truck electrification market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the heavy duty truck electrification market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Heavy-Duty Truck Electrification - Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threats of Substitutes
4.3.4 Threats of New Entrants
4.3.5 Competitive Rivalry
5. Premium Insights
5.1 Overview
5.2 Transition Trends from ICE to Alternate Prolusion Engine (Electric and Fuel Cell)
5.2.1 Trucks
5.2.1.1 Transition to electric powertrain is happening now and at a faster pace
5.2.1.2 Electric Truck Production Trend
5.2.2 Busses
5.2.2.1 Electric bus transition momentum worldwide
5.2.3 Off-Highway Vehicle
5.2.3.1 Mining Industry
5.2.3.2 Agriculture
5.3 Competitive Landscape of Transition from ICE to Alternate Propulsion System (Battery Powered and Fuel Cell)
5.3.1 OEM Initiatives
5.4 Vehicle Unit Volume and Sales of Trucks and Buses
5.4.1 Trucks
5.5 Buses
5.6 Charging Infrastructure Development Analysis
5.6.1 Worldwide Governmental Initiatives are Boosting the EV Charging Infrastructure Market
5.6.2 Growing Concern Toward Environmental Pollution
5.7 Battery Price Analysis
5.7.1 Lithium-Ion battery price analysis
6. Automotive Heavy-Duty Truck Electrification Market – Key Market Dynamics
6.1 Key Market Drivers
6.1.1 Government initiatives and stringent emission rules to boost the growth
6.1.2 Low penetration of electric powertrain in Heavy Commercial Vehicles (HCV) is flourishing the growth for diesel powertrain
6.2 Market Restraints
6.2.1 Rise of natural gas powertrain in heavy duty trucks might hinder the market growth
6.3 Opportunities
6.3.1 Upsurge in the demand for electric trucks is projected to soar in future
6.4 Future Trends
6.4.1 Emergence of fully electric trucks
6.5 Impact Analysis of Drivers and Restraints
7. Heavy-Duty Trucks Electrification Market – Global Market Analysis
7.1 Overview
7.2 Global Heavy-Duty Trucks Electrification Market Revenue and Forecast to 2027 (US$ Mn)
8. Heavy-Duty Truck Electrification Market Analysis – By Component
8.1 Overview
8.2 Heavy-Duty Truck Electrification Market Breakdown, By Component, 2018 & 2027
8.3 Electric Pumps
8.3.1 Overview
8.3.2 Electric Pumps Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Electric Power Steering
8.4.1 Overview
8.4.2 Electric Power Steering Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Liquid Heater PTC
8.5.1 Overview
8.5.2 Liquid Heater PTC Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Electric Air Conditioner Compressor
8.6.1 Overview
8.6.2 Electric Air Conditioner Compressor Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Actuator
8.7.1 Overview
8.7.2 Actuator Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Alternator
8.8.1 Overview
8.8.2 Alternator Market Revenue and Forecasts to 2027 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Heavy-Duty Truck Electrification Market Analysis – By Powertrain Type
9.1 Overview
9.2 Heavy-Duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027
9.3 Fully Electric
9.3.1 Overview
9.3.2 Fully Electric Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Hybrid
9.4.1 Overview
9.4.2 Hybrid Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Fuel Cell
9.5.1 Overview
9.5.2 Fuel Cell Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Internal Combustion Engine (ICE)
9.6.1 Overview
9.6.2 ICE Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Compressed Natural Gas (CNG)
9.7.1 Overview
9.7.2 CNG Market Revenue and Forecasts to 2027 (US$ Mn)
10. Global Heavy-duty Truck Electrification Market – Geographic Analysis
10.1 Overview
10.2 North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.2.1 Overview
10.2.2 North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.3 North America Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.4 North America Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5 North America Heavy-duty Truck Electrification Market Breakdown, By Country
10.2.5.1 US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.1.1 US Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.1.2 US Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5.2 Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.2.1 Canada Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.2.2 Canada Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.2.5.3 Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.2.5.3.1 Mexico Heavy-duty Truck Electrification Market Breakdown, By Component
10.2.5.3.2 Mexico Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3 Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.3.1 Overview
10.3.2 Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.3 Europe Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.4 Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5 Europe Heavy-duty Truck Electrification Market Breakdown, By Country
10.3.5.1 UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.1.1 UK Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.1.2 UK Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.2 Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.2.1 Italy Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.2.2 Italy Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.3 Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.3.1 Russia Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.3.2 Russia Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.3.5.4 Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.3.5.4.1 Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Component
10.3.5.4.2 Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4 APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027
10.4.1 Overview
10.4.2 APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.3 APAC Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.4 APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5 APAC Heavy-duty Truck Electrification Market Breakdown, By Country
10.4.5.1 China Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.1.1 China Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.1.2 China Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.2 Japan Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.2.1 Japan Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.2.2 Japan Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.3 India Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.3.1 India Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.3.2 India Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.4.5.4 Rest of APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)
10.4.5.4.1 Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Component
10.4.5.4.2 Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5 MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.5.1 Overview
10.5.2 MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.3 MEA Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.4 MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5.5 MEA Heavy-duty Truck Electrification Market Breakdown, By Country
10.5.5.1 South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.5.1.1 South Africa Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.5.1.2 South Africa Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.5.5.2 Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.5.5.2.1 Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Component
10.5.5.2.2 Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6 SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027
10.6.1 Overview
10.6.2 SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.3 SAM Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.4 SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6.5 SAM Heavy-duty Truck Electrification Market Breakdown, By Country
10.6.5.1 Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.5.1.1 Brazil Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.5.1.2 Brazil Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
10.6.5.2 Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)
10.6.5.2.1 Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Component
10.6.5.2.2 Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
11.3 Merger & Acquisition
12. Company Profiles
12.1 Continental AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 BorgWarner Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Denso Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Magna International Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robert Bosch GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 AISIN SEIKI Co. Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Delphi Technologies Plc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mitsubishi Motors Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Schaeffler Technologies AG & Co. KG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
Similar Reports
The project logistics market in India is pegged at INR 200 bn in 2010 and is growing at a CAGR of 20%. Rapid core infrastructure development along with investment planned by the Government of India and private players will drive the project logistics market. The report begins with an introduction to the project logistics market in India, describing the types of cargo being transported and share...
- Publish Date: January 3, 2011
- $950
The luxury car market is expected to witness strong growth with rising number of foreign players planning expansions in the market. Growing number of young entrepreneurs in India inclined to drive luxury cars is brining about healthy demand for such cars. The report provides a brief overview of the automotive market in India, the production of passenger vehicles over years and the segmented share...
- Publish Date: January 5, 2011
- $950
In India, car accessories is a new concept which has gained popularity in recent times with growing usage of high end cars. The market can be divided into interior and exterior car accessories. In the Indian market, interior car accessories are more popular. The growing youth is providing a fillip to the market due to their perceptions and preferences. Although small cars are preferred by Indian c...
- Publish Date: January 28, 2011
- $950
