Report Details-
Market Analysis and Size
Global Electric Commercial Vehicle Market was valued at USD 67.51 billion in 2021 and is expected to reach USD 1016.41 billion by 2029, registering a CAGR of 40.35% during the forecast period of 2022-2029. Battery Electric Vehicles (BEVs) account for the largest propulsion type segment in the respective market due to the government's availability of subsidies and support. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
The electric commercial vehicle is an automobile which can be driven by one or more motors operated by electricity. These automobiles are not limited to only roads and rail vehicles but these automobiles are made for surface and underwater vessels, electric aircraft and electric spacecraft.
Report Scope and Market Segmentation
REPORT METRIC DETAILS
Forecast Period 2022 to 2029
Base Year 2021
Forecast Period 2022 - 2029
Historic Years 2020 (Customizable to 2014 - 2019)
Quantitative Units Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicle and Fuel Cell Electric Vehicle), Vehicle (Bus, Trucks, Pick-up Trucks and Van), Range (0-150 Miles, 151-250 Miles, 251-500 Miles, and 500 Miles & Above), Component (Electric Motor, EV Battery and Hydrogen Fuel Cell)
Countries Covered U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered Ford Motor Company (US), General Motors (US), AUDI AG (Germany), Kia Motors Corporation (South Korea), Groupe Renault (France), Groupe PSA (France), SAIC Motor Corporation Limited (China), Tesla (US), Daimler AG (Germany), BMW AG (Germany), Hyundai Motor Company (South Korea), BYD Company Ltd. (China), Continental AG (Germany), TOYOTA MOTOR CORPORATION (Japan), Nissan Motor Co., LTD. (Japan), Volkswagen AG (Germany), AB Volvo (Sweden), Honda Motor Co., Ltd. (Japan), among others
Market Opportunities • High demand for electric vehicles in the automotive and transportation sectors
• Increase in the electric vehicle (ev) sales across the globe
• Increase in the production and sales of luxury cars
The reliable Electric Commercial Vehicle Market research report can be explored more specifically in terms of breakdown of data by manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks and entry barriers, sales channels, and distributors. The data and information have been derived from the reliable sources and include websites, annual reports of the companies, journals, and mergers which have been again checked and validated by the market experts. The estimations of CAGR values are also provided in Electric Commercial Vehicle Market report which helps businesses in deciding upon the investment value over the time period.
The persuasive Electric Commercial Vehicle Market analysis report takes into account the comprehension of business goals and requirements to bridge the gap by delivering the most proper and suitable solutions. The competitive analysis is also performed in this report which covers strategic profiling of the key market players, their core competencies, and competitive landscape of the market which aids businesses characterize their individual strategies. In this market report, market drivers and market restraints are studied carefully along with the analysis of market structure. To provide an absolute overview of the AUTOMOTIVE industry, Electric Commercial Vehicle Market report covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape.
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Global Electric Commercial Vehicle Market Scope
The electric commercial vehicle market is segmented on the basis of propulsion, vehicle, range and component. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market verview and market insights to help them make strategic decisions for identifying core market applications.
Propulsion
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle
Vehicle
• Bus
• Trucks
• Pick-up Trucks
• Van
Range
• 0-150 Miles
• 151-250 Miles
• 251-500 Miles
• 500 Miles
• Above
Component
• Electric Motor
• EV Battery
• Hydrogen Fuel Cell
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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