Electric Truck Market Outlook : Driving a USD 3,861.8 Million Future by 2030 (26.4% CAGR)
Electric Truck Size
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ โ
https://www.alliedmarketresearch.com/request-sample/6548
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The global electric truck market is experiencing growth due to a reduction in cost of EV batteries, surge in government initiatives for e-mobility promotion, and stringent emission norms on fossil fuel based commercial vehicles. However, the high cost of electric trucks and lack of charging infrastructure restrict the market growth to some extent. Nevertheless, development of self-driving electric truck technology and surge in demand for electric trucks from the logistic domain will provide ample growth opportunities in the upcoming years.
๐๐ก๐ ๐ก๐ฒ๐๐ซ๐ข๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ญ๐ซ๐ฎ๐๐ค ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ซ๐๐ฏ๐๐ง๐ฎ๐
On the basis of propulsion, the hybrid electric segment generated the largest market share in 2020, contributing for nearly half of the global electric truck market and is projected to rule the roost from 2021 to 2030. The growth of segment is driven by strict emission regulation norms specifically on commercial vehicles and surging demand for low emission vehicles. However, the fuel cell electric truck segment is projected to experience the noteworthy CAGR of 29.9% throughout the forecast timeframe. Advancements in refueling technology are currently in progress, aiming to reduce the refueling time for hydrogen fuel cell trucks to less than 5 minutes. This development presents an advantageous opportunity for the expansion of the market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐๐ฅ๐ข๐ญ๐๐ญ๐ข๐ฏ๐ ๐๐ง๐ ๐๐ฎ๐จ๐ญ๐๐ญ๐ข๐ฏ๐ ๐๐๐ญ๐, ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) โ
https://www.alliedmarketresearch.com/electric-truck-market/purchase-options
๐๐ก๐ ๐ฎ๐ฉ ๐ญ๐จ ๐๐๐ ๐ฆ๐ข๐ฅ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ ๐๐ซ๐ง๐๐ซ ๐ฅ๐ข๐จ๐งโ๐ฌ ๐ฌ๐ก๐๐ซ๐
By range, the up to 150 miles segment garnered major share in 2020 accounted for nearly half of the global electric truck market revenue and is estimated to rule the roost throughout the forecast timeframe. The growth is attributed to the rise in adoption of low range electric trucks for intra-city logistics and last mile deliveries. Furthermore, the above 300 miles segment would cite the notable CAGR of 29.6% during the forecast period. The growth of the segment is driven by surge in demand for high milage trucks in commercial domains such as online retail, logistics, and automotive and the properties of the trucks such as lower operation cost, long range with single charge.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ ๐๐ซ๐ง๐๐ซ๐๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐
By region, the market in Asia-Pacific region was largest in 2020 contributing to nearly half of the global electric truck market revenue. The growth is attributed to high investments in the Indian automobile industry and rise in vehicle production from China. Furthermore, the Africa region is estimated to showcase the fastest CAGR of 37.8% from 2021 to 2030. The rising awareness of the importance of sustainable transportation to mitigate environmental issues in countries like South Africa, Nigeria, and Morocco is anticipated to drive the growth of the electric truck market in Africa.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ โ
https://www.alliedmarketresearch.com/purchase-enquiry/6548
๐๐จ๐ฉ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ซ๐ฎ๐๐ค ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐ข๐ง ๐๐ก๐ ๐๐จ๐ซ๐ฅ๐ :
Workhorse
Tata Motors
Scania
Paccar Inc.
Man SE
Geely Automobiles Holdings Limited
Dongfeng Motor Company
Daimler AG
BYD Compay Ltd.
AB Volvo
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
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