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Synopsis
Some of the major drivers of this market are the need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities. Whereas, oil companies lobbying against EV, limited battery power, and longer charging duration are few challenges for the global market.
The global Electric Commercial Vehicle market size is expected to reach US$ 178560 million by 2029, growing at a CAGR of 8.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Commercial Vehicle in various end use industries.
The expanding demands from the Commercial and Private, are propelling Electric Commercial Vehicle market. Bus, 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 Truck segment is estimated at % CAGR for the next seven-year period.
The bus segment is estimated to be the fastest growing market, in terms of volume, for electric commercial vehicle, by vehicle, followed by van, pick-up truck, and truck. Various government mandates and individual country targets to phase out fossil fuel-based public transportation system and to replace them with electric buses will help the bus market grow over the forecast period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, 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 Electric Commercial Vehicle, 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 Electric Commercial Vehicle 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 Electric Commercial Vehicle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Commercial Vehicle 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 Electric Commercial Vehicle covered in this report include TeslA, Nissan, BYD, Daimler, ProterrA, LG Chem, Samsung SDi, Panasonic and Delphi, etc.
The global Electric Commercial Vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- TeslA
- Nissan
- BYD
- Daimler
- ProterrA
- LG Chem
- Samsung SDi
- Panasonic
- Delphi
- ABB
- Continental
- Siemens
- Mitsubishi Electric
- ToshibA
- Ballard Power Systems
- Hydrogenics
- ITM Power
- Ceres Power
- Plug Power
- Nedstack
- NuverA
- AFCc
- ToyotA
- HondA
- Hyundai
Global Electric Commercial Vehicle 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 Electric Commercial Vehicle market, Segment by Type:
- Bus
- Truck
- Pick-Up Truck
- Van
Global Electric Commercial Vehicle market, by Application
- Commercial
- Private
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Commercial Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Commercial Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Electric Commercial Vehicle Market Overview
1.1 Electric Commercial Vehicle Product Overview
1.2 Electric Commercial Vehicle Market Segment by Type
1.2.1 Bus
1.2.2 Truck
1.2.3 Pick-Up Truck
1.2.4 Van
1.3 Global Electric Commercial Vehicle Market Size by Type
1.3.1 Global Electric Commercial Vehicle Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Commercial Vehicle Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Commercial Vehicle Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Commercial Vehicle Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Commercial Vehicle Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Commercial Vehicle Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Commercial Vehicle Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Commercial Vehicle Sales Breakdown by Type (2018-2023)
2 Global Electric Commercial Vehicle Market Competition by Company
2.1 Global Top Players by Electric Commercial Vehicle Sales (2018-2023)
2.2 Global Top Players by Electric Commercial Vehicle Revenue (2018-2023)
2.3 Global Top Players by Electric Commercial Vehicle Price (2018-2023)
2.4 Global Top Manufacturers Electric Commercial Vehicle Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Commercial Vehicle Market Competitive Situation and Trends
2.5.1 Electric Commercial Vehicle Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Commercial Vehicle Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Commercial Vehicle as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Commercial Vehicle Market
2.8 Key Manufacturers Electric Commercial Vehicle Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Commercial Vehicle Status and Outlook by Region
3.1 Global Electric Commercial Vehicle Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Commercial Vehicle Historic Market Size by Region
3.2.1 Global Electric Commercial Vehicle Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Commercial Vehicle Sales in Value by Region (2018-2023)
3.2.3 Global Electric Commercial Vehicle Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Commercial Vehicle Forecasted Market Size by Region
3.3.1 Global Electric Commercial Vehicle Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Commercial Vehicle Sales in Value by Region (2024-2029)
3.3.3 Global Electric Commercial Vehicle Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Commercial Vehicle by Application
4.1 Electric Commercial Vehicle Market Segment by Application
4.1.1 Commercial
4.1.2 Private
4.2 Global Electric Commercial Vehicle Market Size by Application
4.2.1 Global Electric Commercial Vehicle Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Commercial Vehicle Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Commercial Vehicle Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Commercial Vehicle Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Commercial Vehicle Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Commercial Vehicle Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Commercial Vehicle Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Commercial Vehicle Sales Breakdown by Application (2018-2023)
5 North America Electric Commercial Vehicle by Country
5.1 North America Electric Commercial Vehicle Historic Market Size by Country
5.1.1 North America Electric Commercial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Commercial Vehicle Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Commercial Vehicle Sales in Value by Country (2018-2023)
5.2 North America Electric Commercial Vehicle Forecasted Market Size by Country
5.2.1 North America Electric Commercial Vehicle Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Commercial Vehicle Sales in Value by Country (2024-2029)
6 Europe Electric Commercial Vehicle by Country
6.1 Europe Electric Commercial Vehicle Historic Market Size by Country
6.1.1 Europe Electric Commercial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Commercial Vehicle Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Commercial Vehicle Sales in Value by Country (2018-2023)
6.2 Europe Electric Commercial Vehicle Forecasted Market Size by Country
6.2.1 Europe Electric Commercial Vehicle Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Commercial Vehicle Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Commercial Vehicle by Region
7.1 Asia-Pacific Electric Commercial Vehicle Historic Market Size by Region
7.1.1 Asia-Pacific Electric Commercial Vehicle Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Commercial Vehicle Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Commercial Vehicle Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Commercial Vehicle Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Commercial Vehicle Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Commercial Vehicle Sales in Value by Region (2024-2029)
8 Latin America Electric Commercial Vehicle by Country
8.1 Latin America Electric Commercial Vehicle Historic Market Size by Country
8.1.1 Latin America Electric Commercial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Commercial Vehicle Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Commercial Vehicle Sales in Value by Country (2018-2023)
8.2 Latin America Electric Commercial Vehicle Forecasted Market Size by Country
8.2.1 Latin America Electric Commercial Vehicle Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Commercial Vehicle Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Commercial Vehicle by Country
9.1 Middle East and Africa Electric Commercial Vehicle Historic Market Size by Country
9.1.1 Middle East and Africa Electric Commercial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Commercial Vehicle Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Commercial Vehicle Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Commercial Vehicle Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Commercial Vehicle Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Commercial Vehicle Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 TeslA
10.1.1 TeslA Company Information
10.1.2 TeslA Introduction and Business Overview
10.1.3 TeslA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.1.4 TeslA Electric Commercial Vehicle Products Offered
10.1.5 TeslA Recent Development
10.2 Nissan
10.2.1 Nissan Company Information
10.2.2 Nissan Introduction and Business Overview
10.2.3 Nissan Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nissan Electric Commercial Vehicle Products Offered
10.2.5 Nissan Recent Development
10.3 BYD
10.3.1 BYD Company Information
10.3.2 BYD Introduction and Business Overview
10.3.3 BYD Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BYD Electric Commercial Vehicle Products Offered
10.3.5 BYD Recent Development
10.4 Daimler
10.4.1 Daimler Company Information
10.4.2 Daimler Introduction and Business Overview
10.4.3 Daimler Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Daimler Electric Commercial Vehicle Products Offered
10.4.5 Daimler Recent Development
10.5 ProterrA
10.5.1 ProterrA Company Information
10.5.2 ProterrA Introduction and Business Overview
10.5.3 ProterrA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ProterrA Electric Commercial Vehicle Products Offered
10.5.5 ProterrA Recent Development
10.6 LG Chem
10.6.1 LG Chem Company Information
10.6.2 LG Chem Introduction and Business Overview
10.6.3 LG Chem Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.6.4 LG Chem Electric Commercial Vehicle Products Offered
10.6.5 LG Chem Recent Development
10.7 Samsung SDi
10.7.1 Samsung SDi Company Information
10.7.2 Samsung SDi Introduction and Business Overview
10.7.3 Samsung SDi Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Samsung SDi Electric Commercial Vehicle Products Offered
10.7.5 Samsung SDi Recent Development
10.8 Panasonic
10.8.1 Panasonic Company Information
10.8.2 Panasonic Introduction and Business Overview
10.8.3 Panasonic Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Panasonic Electric Commercial Vehicle Products Offered
10.8.5 Panasonic Recent Development
10.9 Delphi
10.9.1 Delphi Company Information
10.9.2 Delphi Introduction and Business Overview
10.9.3 Delphi Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Delphi Electric Commercial Vehicle Products Offered
10.9.5 Delphi Recent Development
10.10 ABB
10.10.1 ABB Company Information
10.10.2 ABB Introduction and Business Overview
10.10.3 ABB Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.10.4 ABB Electric Commercial Vehicle Products Offered
10.10.5 ABB Recent Development
10.11 Continental
10.11.1 Continental Company Information
10.11.2 Continental Introduction and Business Overview
10.11.3 Continental Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Continental Electric Commercial Vehicle Products Offered
10.11.5 Continental Recent Development
10.12 Siemens
10.12.1 Siemens Company Information
10.12.2 Siemens Introduction and Business Overview
10.12.3 Siemens Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Siemens Electric Commercial Vehicle Products Offered
10.12.5 Siemens Recent Development
10.13 Mitsubishi Electric
10.13.1 Mitsubishi Electric Company Information
10.13.2 Mitsubishi Electric Introduction and Business Overview
10.13.3 Mitsubishi Electric Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Mitsubishi Electric Electric Commercial Vehicle Products Offered
10.13.5 Mitsubishi Electric Recent Development
10.14 ToshibA
10.14.1 ToshibA Company Information
10.14.2 ToshibA Introduction and Business Overview
10.14.3 ToshibA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.14.4 ToshibA Electric Commercial Vehicle Products Offered
10.14.5 ToshibA Recent Development
10.15 Ballard Power Systems
10.15.1 Ballard Power Systems Company Information
10.15.2 Ballard Power Systems Introduction and Business Overview
10.15.3 Ballard Power Systems Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Ballard Power Systems Electric Commercial Vehicle Products Offered
10.15.5 Ballard Power Systems Recent Development
10.16 Hydrogenics
10.16.1 Hydrogenics Company Information
10.16.2 Hydrogenics Introduction and Business Overview
10.16.3 Hydrogenics Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Hydrogenics Electric Commercial Vehicle Products Offered
10.16.5 Hydrogenics Recent Development
10.17 ITM Power
10.17.1 ITM Power Company Information
10.17.2 ITM Power Introduction and Business Overview
10.17.3 ITM Power Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.17.4 ITM Power Electric Commercial Vehicle Products Offered
10.17.5 ITM Power Recent Development
10.18 Ceres Power
10.18.1 Ceres Power Company Information
10.18.2 Ceres Power Introduction and Business Overview
10.18.3 Ceres Power Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Ceres Power Electric Commercial Vehicle Products Offered
10.18.5 Ceres Power Recent Development
10.19 Plug Power
10.19.1 Plug Power Company Information
10.19.2 Plug Power Introduction and Business Overview
10.19.3 Plug Power Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Plug Power Electric Commercial Vehicle Products Offered
10.19.5 Plug Power Recent Development
10.20 Nedstack
10.20.1 Nedstack Company Information
10.20.2 Nedstack Introduction and Business Overview
10.20.3 Nedstack Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Nedstack Electric Commercial Vehicle Products Offered
10.20.5 Nedstack Recent Development
10.21 NuverA
10.21.1 NuverA Company Information
10.21.2 NuverA Introduction and Business Overview
10.21.3 NuverA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.21.4 NuverA Electric Commercial Vehicle Products Offered
10.21.5 NuverA Recent Development
10.22 AFCc
10.22.1 AFCc Company Information
10.22.2 AFCc Introduction and Business Overview
10.22.3 AFCc Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.22.4 AFCc Electric Commercial Vehicle Products Offered
10.22.5 AFCc Recent Development
10.23 ToyotA
10.23.1 ToyotA Company Information
10.23.2 ToyotA Introduction and Business Overview
10.23.3 ToyotA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.23.4 ToyotA Electric Commercial Vehicle Products Offered
10.23.5 ToyotA Recent Development
10.24 HondA
10.24.1 HondA Company Information
10.24.2 HondA Introduction and Business Overview
10.24.3 HondA Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.24.4 HondA Electric Commercial Vehicle Products Offered
10.24.5 HondA Recent Development
10.25 Hyundai
10.25.1 Hyundai Company Information
10.25.2 Hyundai Introduction and Business Overview
10.25.3 Hyundai Electric Commercial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.25.4 Hyundai Electric Commercial Vehicle Products Offered
10.25.5 Hyundai Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Commercial Vehicle Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Commercial Vehicle Industrial Chain Analysis
11.4 Electric Commercial Vehicle Market Dynamics
11.4.1 Electric Commercial Vehicle Industry Trends
11.4.2 Electric Commercial Vehicle Market Drivers
11.4.3 Electric Commercial Vehicle Market Challenges
11.4.4 Electric Commercial Vehicle Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Commercial Vehicle Distributors
12.3 Electric Commercial Vehicle Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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