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Global Electric Commercial Vehicle Market Size study, by Vehicle Type (Bus, Trucks, Pick-up Trucks and Vans), by Propulsion (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles and Fuel Cell Electric Vehicles), by Power Output (Less than 150 Kw, 150-250 Kw and Above 250 Kw), and Regional Forecasts 2021-2027

  • BIZ4899700
  • 200 Pages
  • January 2022
  • Automotive and Transportation
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Global Electric Commercial Vehicle Market is valued approximately at USD 52.99 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 29.73% over the forecast period 2021-2027. Growing demand for electric vehicles around the world, new commercial vehicle launches and government incentives and subsidies for encouraging adoption of electric vehicle. According to Statista, light electric commercial vehicle (LCV) sales in China increased from 38.4 thousand units in 2016 to 67.22 thousand units in 2017 and reached 84.21 thousand units in 2018. Also, in September 2021, Omega Seiki Mobility Pvt. Ltd. launched India’s first electric small commercial vehicle (SCV), M1KA. Equipped with a 90kWh battery pack, this light commercial vehicle provides a driving range of 250kms on a single charge. Additionally, high development cost of these vehicle and lack of charging infrastructure are expected to hamper growth in coming years. However, government regulations for curbing carbon emissions and technological advancements are anticipated to create lucrative demand for electric commercial vehicles during forecast period. Such as, in May 2021, German parliament passed German Climate Action Law, according to which, transportation sector has to reduce its carbon emissions from 150 million tons of CO2 equiv in 2020 to 112 million tons of CO2 equiv by 2027.

North America is dominating the world market in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World. It is also expected to lead the market during forecast period. Presence of prominent players and high demand for electric vans from logistics sector is fueling demand for electric commercial vehicles in North America.

Major market player included in this report are:

Daimler AG

VDL Groep

BYD Auto Co., Ltd

Proterra, Inc.

AB Volvo

Olectra Greentech Limited

NFI Group.

Ebusco BV

Zhongtong Bus Holding

Tata Motors Limited

Ford Motor Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:

Bus

Trucks

Pick-up Trucks

Vans

By Propulsion:

Battery Electric Vehicles

Plug-in Hybrid Electric Vehicles

Fuel Cell Electric Vehicles

By Power Output:

Less than 150 Kw

150-250 Kw

Above 250 Kw

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Electric Commercial Vehicle Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Electric Commercial Vehicle Market, by region, 2019-2027 (USD Billion)

1.2.2. Electric Commercial Vehicle Market, by Vehicle Type, 2019-2027 (USD Billion)

1.2.3. Electric Commercial Vehicle Market, by Propulsion, 2019-2027 (USD Billion)

1.2.4. Electric Commercial Vehicle Market, by Power Output, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Electric Commercial Vehicle Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Electric Commercial Vehicle Market Dynamics

3.1. Electric Commercial Vehicle Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Growing demand for electric vehicles

3.1.1.2. New product launches

3.1.2. Market Restraint

3.1.2.1. Lack of charging infrastructure

3.1.2.2. High development cost

3.1.3. Market Opportunities

3.1.3.1. Government regulations for curbing carbon footprint

3.1.3.2. Technological advancements

Chapter 4. Global Electric Commercial Vehicle Market: Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economic

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Electric Commercial Vehicle Market, by Vehicle Type

5.1. Market Snapshot

5.2. Global Electric Commercial Vehicle Market by Vehicle Type, Performance - Potential Analysis

5.3. Global Electric Commercial Vehicle Market Estimates & Forecasts by Vehicle Type 2018-2027 (USD Billion)

5.4. Electric Commercial Vehicle Market, Sub Segment Analysis

5.4.1. Bus

5.4.2. Trucks

5.4.3. Pick-up Trucks

5.4.4. Vans

Chapter 6. Global Electric Commercial Vehicle Market, by Propulsion

a. Market Snapshot

6.1. Global Electric Commercial Vehicle Market by Propulsion, Performance - Potential Analysis

6.2. Global Electric Commercial Vehicle Market Estimates & Forecasts by Propulsion 2018-2027 (USD Billion)

6.3. Electric Commercial Vehicle Market, Sub Segment Analysis

6.3.1. Battery Electric Vehicles

6.3.2. Plug-in Hybrid Electric Vehicles

6.3.3. Fuel Cell Electric Vehicles

Chapter 7. Global Electric Commercial Vehicle Market, by Power Output

b. Market Snapshot

7.1. Global Electric Commercial Vehicle Market by Power Output, Performance - Potential Analysis

7.2. Global Electric Commercial Vehicle Market Estimates & Forecasts by Power Output 2018-2027 (USD Billion)

7.3. Electric Commercial Vehicle Market, Sub Segment Analysis

7.3.1. Less than 150 Kw

7.3.2. 150-250 Kw

7.3.3. Above 250 Kw

Chapter 8. Global Electric Commercial Vehicle Market, Regional Analysis

8.1. Electric Commercial Vehicle Market, Regional Market Snapshot

8.2. North America Electric Commercial Vehicle Market

8.2.1. U.S. Electric Commercial Vehicle Market

8.2.1.1. Vehicle Type breakdown estimates & forecasts, 2018-2027

8.2.1.2. Propulsion breakdown estimates & forecasts, 2018-2027

8.2.1.3. Power Output breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Electric Commercial Vehicle Market

8.3. Europe Electric Commercial Vehicle Market Snapshot

8.3.1. U.K. Electric Commercial Vehicle Market

8.3.2. Germany Electric Commercial Vehicle Market

8.3.3. France Electric Commercial Vehicle Market

8.3.4. Spain Electric Commercial Vehicle Market

8.3.5. Italy Electric Commercial Vehicle Market

8.3.6. Rest of Europe Electric Commercial Vehicle Market

8.4. Asia-Pacific Electric Commercial Vehicle Market Snapshot

8.4.1. China Electric Commercial Vehicle Market

8.4.2. India Electric Commercial Vehicle Market

8.4.3. Japan Electric Commercial Vehicle Market

8.4.4. Australia Electric Commercial Vehicle Market

8.4.5. South Korea Electric Commercial Vehicle Market

8.4.6. Rest of Asia Pacific Electric Commercial Vehicle Market

8.5. Latin America Electric Commercial Vehicle Market Snapshot

8.5.1. Brazil Electric Commercial Vehicle Market

8.5.2. Mexico Electric Commercial Vehicle Market

8.6. Rest of The World Electric Commercial Vehicle Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Daimler AG

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. VDL Groep

9.2.3. BYD Auto Co., Ltd

9.2.4. Proterra, Inc.

9.2.5. AB Volvo

9.2.6. Olectra Greentech Limited

9.2.7. NFI Group.

9.2.8. Ebusco BV

9.2.9. Zhongtong Bus Holding

9.2.10. Tata Motors Limited

9.2.11. Ford Motor Company

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 2. Global Electric Commercial Vehicle Market, report scope

TABLE 3. Global Electric Commercial Vehicle Market Estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Electric Commercial Vehicle Market Estimates & forecasts by Vehicle Type 2018-2027 (USD Billion)

TABLE 5. Global Electric Commercial Vehicle Market Estimates & forecasts by Propulsion 2018-2027 (USD Billion)

TABLE 6. Global Electric Commercial Vehicle Market Estimates & forecasts by Power Output 2018-2027 (USD Billion)

TABLE 7. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Electric Commercial Vehicle Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Electric Commercial Vehicle Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. U.S. Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. U.S. Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. Canada Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. UK Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. Germany Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. France Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Spain Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. Italy Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. ROE Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. ROE Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. China Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. China Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. India Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. India Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Japan Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Japan Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Australia Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. Australia Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. South Korea Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. South Korea Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. ROPAC Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. ROPAC Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Brazil Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Brazil Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. Mexico Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. Mexico Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROLA Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROLA Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. ROW Electric Commercial Vehicle Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 75. ROW Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Electric Commercial Vehicle Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 77. List of secondary sources used in the study of global Electric Commercial Vehicle Market .

TABLE 78. List of primary sources used in the study of global Electric Commercial Vehicle Market .

TABLE 79. Years considered for the study.

TABLE 80. Exchange rates considered.

 
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