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Commercial Vehicle Electrification-Global Market Insights and Sales Trends 2024
Synopsis
Vehicle electrification is a topic that covers many aspects of electrification in vehicles. It may cover vehicles with electrical means of propulsion, as well as electricity playing a role in their functionality. Voltages vary widely between applications.
The global Commercial Vehicle Electrification market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Vehicle Electrification in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Commercial Vehicle Electrification market. Parallel Hybrid Vehicle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Hybrid Vehicle segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Commercial Vehicle Electrification, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Commercial Vehicle Electrification market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Commercial Vehicle Electrification market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Vehicle Electrification sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Commercial Vehicle Electrification covered in this report include Arrival, BorgWarner, BYD, Caocaokeji (GEELY), Chanje, Cummins, Daimler, Navistar-Volkswagen Alliance and Nikola Motor Company, etc.
The global Commercial Vehicle Electrification market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arrival
BorgWarner
BYD
Caocaokeji (GEELY)
Chanje
Cummins
Daimler
Navistar-Volkswagen Alliance
Nikola Motor Company
Proterra
SEA Electric
Tesla
Thor Trucks
Volvo Trucks
Workhorse Group
Global Commercial Vehicle Electrification market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Commercial Vehicle Electrification market, Segment by Type:
Parallel Hybrid Vehicle
Fully Hybrid Vehicle
Mild Hybrid Vehicle
Others
Global Commercial Vehicle Electrification market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Commercial Vehicle Electrification companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Vehicle electrification is a topic that covers many aspects of electrification in vehicles. It may cover vehicles with electrical means of propulsion, as well as electricity playing a role in their functionality. Voltages vary widely between applications.
The global Commercial Vehicle Electrification market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Vehicle Electrification in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Commercial Vehicle Electrification market. Parallel Hybrid Vehicle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Hybrid Vehicle segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Commercial Vehicle Electrification, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Commercial Vehicle Electrification market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Commercial Vehicle Electrification market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Vehicle Electrification sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Commercial Vehicle Electrification covered in this report include Arrival, BorgWarner, BYD, Caocaokeji (GEELY), Chanje, Cummins, Daimler, Navistar-Volkswagen Alliance and Nikola Motor Company, etc.
The global Commercial Vehicle Electrification market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arrival
BorgWarner
BYD
Caocaokeji (GEELY)
Chanje
Cummins
Daimler
Navistar-Volkswagen Alliance
Nikola Motor Company
Proterra
SEA Electric
Tesla
Thor Trucks
Volvo Trucks
Workhorse Group
Global Commercial Vehicle Electrification market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Commercial Vehicle Electrification market, Segment by Type:
Parallel Hybrid Vehicle
Fully Hybrid Vehicle
Mild Hybrid Vehicle
Others
Global Commercial Vehicle Electrification market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Commercial Vehicle Electrification companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Commercial Vehicle Electrification
1.1 Commercial Vehicle Electrification Market Overview
1.1.1 Commercial Vehicle Electrification Product Scope
1.1.2 Commercial Vehicle Electrification Market Status and Outlook
1.2 Global Commercial Vehicle Electrification Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Commercial Vehicle Electrification Market Size by Region (2018-2029)
1.4 Global Commercial Vehicle Electrification Historic Market Size by Region (2018-2023)
1.5 Global Commercial Vehicle Electrification Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Commercial Vehicle Electrification Market Size (2018-2029)
1.6.1 North America Commercial Vehicle Electrification Market Size (2018-2029)
1.6.2 Europe Commercial Vehicle Electrification Market Size (2018-2029)
1.6.3 Asia-Pacific Commercial Vehicle Electrification Market Size (2018-2029)
1.6.4 Latin America Commercial Vehicle Electrification Market Size (2018-2029)
1.6.5 Middle East & Africa Commercial Vehicle Electrification Market Size (2018-2029)
2 Commercial Vehicle Electrification Market by Type
2.1 Introduction
2.1.1 Parallel Hybrid Vehicle
2.1.2 Fully Hybrid Vehicle
2.1.3 Mild Hybrid Vehicle
2.1.4 Others
2.2 Global Commercial Vehicle Electrification Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Commercial Vehicle Electrification Historic Market Size by Type (2018-2023)
2.2.2 Global Commercial Vehicle Electrification Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Commercial Vehicle Electrification Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Commercial Vehicle Electrification Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Commercial Vehicle Electrification Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Commercial Vehicle Electrification Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Commercial Vehicle Electrification Revenue Breakdown by Type (2018-2029)
3 Commercial Vehicle Electrification Market Overview by Application
3.1 Introduction
3.1.1 Passenger Vehicle
3.1.2 Commercial Vehicle
3.2 Global Commercial Vehicle Electrification Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Commercial Vehicle Electrification Historic Market Size by Application (2018-2023)
3.2.2 Global Commercial Vehicle Electrification Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Commercial Vehicle Electrification Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Commercial Vehicle Electrification Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Commercial Vehicle Electrification Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Commercial Vehicle Electrification Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Commercial Vehicle Electrification Revenue Breakdown by Application (2018-2029)
4 Commercial Vehicle Electrification Competition Analysis by Players
4.1 Global Commercial Vehicle Electrification Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Commercial Vehicle Electrification as of 2022)
4.3 Date of Key Players Enter into Commercial Vehicle Electrification Market
4.4 Global Top Players Commercial Vehicle Electrification Headquarters and Area Served
4.5 Key Players Commercial Vehicle Electrification Product Solution and Service
4.6 Competitive Status
4.6.1 Commercial Vehicle Electrification Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Arrival
5.1.1 Arrival Profile
5.1.2 Arrival Main Business
5.1.3 Arrival Commercial Vehicle Electrification Products, Services and Solutions
5.1.4 Arrival Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.1.5 Arrival Recent Developments
5.2 BorgWarner
5.2.1 BorgWarner Profile
5.2.2 BorgWarner Main Business
5.2.3 BorgWarner Commercial Vehicle Electrification Products, Services and Solutions
5.2.4 BorgWarner Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.2.5 BorgWarner Recent Developments
5.3 BYD
5.3.1 BYD Profile
5.3.2 BYD Main Business
5.3.3 BYD Commercial Vehicle Electrification Products, Services and Solutions
5.3.4 BYD Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.3.5 Caocaokeji (GEELY) Recent Developments
5.4 Caocaokeji (GEELY)
5.4.1 Caocaokeji (GEELY) Profile
5.4.2 Caocaokeji (GEELY) Main Business
5.4.3 Caocaokeji (GEELY) Commercial Vehicle Electrification Products, Services and Solutions
5.4.4 Caocaokeji (GEELY) Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.4.5 Caocaokeji (GEELY) Recent Developments
5.5 Chanje
5.5.1 Chanje Profile
5.5.2 Chanje Main Business
5.5.3 Chanje Commercial Vehicle Electrification Products, Services and Solutions
5.5.4 Chanje Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.5.5 Chanje Recent Developments
5.6 Cummins
5.6.1 Cummins Profile
5.6.2 Cummins Main Business
5.6.3 Cummins Commercial Vehicle Electrification Products, Services and Solutions
5.6.4 Cummins Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.6.5 Cummins Recent Developments
5.7 Daimler
5.7.1 Daimler Profile
5.7.2 Daimler Main Business
5.7.3 Daimler Commercial Vehicle Electrification Products, Services and Solutions
5.7.4 Daimler Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.7.5 Daimler Recent Developments
5.8 Navistar-Volkswagen Alliance
5.8.1 Navistar-Volkswagen Alliance Profile
5.8.2 Navistar-Volkswagen Alliance Main Business
5.8.3 Navistar-Volkswagen Alliance Commercial Vehicle Electrification Products, Services and Solutions
5.8.4 Navistar-Volkswagen Alliance Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.8.5 Navistar-Volkswagen Alliance Recent Developments
5.9 Nikola Motor Company
5.9.1 Nikola Motor Company Profile
5.9.2 Nikola Motor Company Main Business
5.9.3 Nikola Motor Company Commercial Vehicle Electrification Products, Services and Solutions
5.9.4 Nikola Motor Company Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.9.5 Nikola Motor Company Recent Developments
5.10 Proterra
5.10.1 Proterra Profile
5.10.2 Proterra Main Business
5.10.3 Proterra Commercial Vehicle Electrification Products, Services and Solutions
5.10.4 Proterra Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.10.5 Proterra Recent Developments
5.11 SEA Electric
5.11.1 SEA Electric Profile
5.11.2 SEA Electric Main Business
5.11.3 SEA Electric Commercial Vehicle Electrification Products, Services and Solutions
5.11.4 SEA Electric Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.11.5 SEA Electric Recent Developments
5.12 Tesla
5.12.1 Tesla Profile
5.12.2 Tesla Main Business
5.12.3 Tesla Commercial Vehicle Electrification Products, Services and Solutions
5.12.4 Tesla Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.12.5 Tesla Recent Developments
5.13 Thor Trucks
5.13.1 Thor Trucks Profile
5.13.2 Thor Trucks Main Business
5.13.3 Thor Trucks Commercial Vehicle Electrification Products, Services and Solutions
5.13.4 Thor Trucks Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.13.5 Thor Trucks Recent Developments
5.14 Volvo Trucks
5.14.1 Volvo Trucks Profile
5.14.2 Volvo Trucks Main Business
5.14.3 Volvo Trucks Commercial Vehicle Electrification Products, Services and Solutions
5.14.4 Volvo Trucks Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.14.5 Volvo Trucks Recent Developments
5.15 Workhorse Group
5.15.1 Workhorse Group Profile
5.15.2 Workhorse Group Main Business
5.15.3 Workhorse Group Commercial Vehicle Electrification Products, Services and Solutions
5.15.4 Workhorse Group Commercial Vehicle Electrification Revenue (US$ Million) & (2018-2023)
5.15.5 Workhorse Group Recent Developments
6 North America
6.1 North America Commercial Vehicle Electrification Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Commercial Vehicle Electrification Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Commercial Vehicle Electrification Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Commercial Vehicle Electrification Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Commercial Vehicle Electrification Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Commercial Vehicle Electrification Market Dynamics
11.1 Commercial Vehicle Electrification Industry Trends
11.2 Commercial Vehicle Electrification Market Drivers
11.3 Commercial Vehicle Electrification Market Challenges
11.4 Commercial Vehicle Electrification Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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