Market Overview:
The global electric drive truck market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe, coupled with government initiatives and regulations supporting the adoption of electric vehicles. The global electric drive truck market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into hybrid trucks, plug-in hybrid trucks, battery electric trucks, and fuel cell trucks. The battery electric truck segment is expected to grow at a highest CAGR during the forecast period owing to increasing demand for zero-emission vehicles across various applications such as factories, warehouses,, stations,, ports,, and airports. On the basis of application,. it is divided into factories,. warehouses,. stations,. ports., airports., and others including mining applications etcetera. Factories are expected to hold largest share in terms of revenue in 2018 owing high requirement for material handling equipment in this sector followed by warehouses.
Product Definition:
An electric drive truck is a vehicle that uses one or more electric motors to power its wheels. Electric drive trucks are important because they help reduce emissions and save on fuel costs.
Hybrid:
Hybrid Electric Drive (HED) trucks are a combination of conventional diesel-electric powertrain and electric drive technology. The hybrid electric drive system has the advantage of using both fuels, which reduces fuel consumption and empowers environmental protection. In addition, it provides improved performance over a traditional diesel-electric truck as it uses electricity for propulsion instead of combustion engines running on fossil fuels.
Plug-In Hybrid:
Plug-in Hybrid Electric Vehicle (PHEV) is a hybrid electric automobile that uses both electricity and gasoline simultaneously. It has a small internal combustion engine which switches on when needed to recharge an electric battery, which in turn provides additional driving range. PHEVs are designed to improve fuel economy and reduce harmful emissions by utilizing the power of the sun and wind while using the vehicle’s own propulsion system for short distances.
Application Insights:
Factories were the largest application segment and accounted for a revenue share of over 60% in 2017. The use of electric drive trucks in factories is expected to reduce the overall carbon footprint by reducing diesel emissions. Furthermore, governments around the world are investing heavily in initiatives to promote electric vehicles as they have been proven to be more environmentally friendly than their combustion engine counterparts. This is likely to increase demand for such trucks over the forecast period.
The warehouses segment is anticipated register notable growth during the forecast period owing to increased focus on reducing operational costs at both ends of supply chain network; this includes warehousing facilities and transportation costs incurred while transporting goods from originators or manufacturers, through distribution centers till final destinations or consumers respectively. In addition, growing emphasis on e-commerce transactions coupled with increasing penetration of warehouse robots may further propel demand for electric drive trucks over the next eight years or so.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, which has triggered an increase in demand for electric trucks. China, Japan, and South Korea are among the major countries contributing to regional growth owing to various factors such as supportive government policies and increasing manufacturing activities across industries including food & beverage; transportation & logistics; healthcare; consumer goods delivery; education delivery etc.; thus propelling industry expansion.
North America is projected to be one of the fastest-growing regions during the forecast years with a CAGR of XX%. This can be attributed to growing adoption of electric trucks on account of favorable government regulations pertaining their low carbon emissions as compared with diesel-powered vehicles along with improved fuel economy resulting into cost savings over time. Moreover, rising awareness regarding environment protection coupled with stringent emission norms set by regulatory bodies such as EPA (U.
Growth Factors:
- Increasing demand for electric drive trucks from the commercial segment owing to the benefits of fuel efficiency and low emissions.
- Proliferation of electric vehicle charging infrastructure, which is aiding in the adoption of electric vehicles.
- Stringent emission norms by regulatory authorities across regions are prompting Original Equipment Manufacturers (OEMs) to develop electric drive trucks.
- Growing popularity of green logistics among shippers and carriers as a result of rising environmental awareness is propelling the demand for electric drive trucks globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Drive Truck Market Research Report
By Type
Hybrid, Plug-In Hybrid, Battery Electric, Fuel Cell
By Application
Factories, Warehouses, Stations, Ports, Airports
By Companies
ABB, TransPower, UQM, US Hybrid, Volkswagen, Navistar, Odyne Systems, PACCAR, Allison Transmission, Ashok Leyland, BYD, Capacity Trucks, Crosspoint Kinetics, Daimler, Dana, Eaton, Efficient Drivetrains Inc., Ford, General Motors, GKN Hybrid Power, Iveco, Motiv Power Systems, Siemens, Smith Electric Vehicles, Terberg, TM4
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Electric Drive Truck Market Report Segments:
The global Electric Drive Truck market is segmented on the basis of:
Types
Hybrid, Plug-In Hybrid, Battery Electric, Fuel Cell
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Factories, Warehouses, Stations, Ports, Airports
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- TransPower
- UQM
- US Hybrid
- Volkswagen
- Navistar
- Odyne Systems
- PACCAR
- Allison Transmission
- Ashok Leyland
- BYD
- Capacity Trucks
- Crosspoint Kinetics
- Daimler
- Dana
- Eaton
- Efficient Drivetrains Inc.
- Ford
- General Motors
- GKN Hybrid Power
- Iveco
- Motiv Power Systems
- Siemens
- Smith Electric Vehicles
- Terberg
- TM4
Highlights of The Electric Drive Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid
- Plug-In Hybrid
- Battery Electric
- Fuel Cell
- By Application:
- Factories
- Warehouses
- Stations
- Ports
- Airports
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Drive Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric drive truck is a type of heavy-duty truck that uses an electric motor to power its wheels. This type of truck is often used for transportation purposes, such as moving goods around a warehouse or factory.
Some of the major players in the electric drive truck market are ABB, TransPower, UQM, US Hybrid, Volkswagen, Navistar, Odyne Systems, PACCAR, Allison Transmission, Ashok Leyland, BYD, Capacity Trucks, Crosspoint Kinetics, Daimler, Dana, Eaton, Efficient Drivetrains Inc., Ford, General Motors, GKN Hybrid Power, Iveco, Motiv Power Systems, Siemens, Smith Electric Vehicles, Terberg, TM4.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Drive Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Drive Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Drive Truck Market - Supply Chain
4.5. Global Electric Drive Truck Market Forecast
4.5.1. Electric Drive Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Drive Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Drive Truck Market Absolute $ Opportunity
5. Global Electric Drive Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Drive Truck Market Size and Volume Forecast by Type
5.3.1. Hybrid
5.3.2. Plug-In Hybrid
5.3.3. Battery Electric
5.3.4. Fuel Cell
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Drive Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Drive Truck Market Size and Volume Forecast by Application
6.3.1. Factories
6.3.2. Warehouses
6.3.3. Stations
6.3.4. Ports
6.3.5. Airports
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Drive Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Drive Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Drive Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Drive Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Drive Truck Demand Share Forecast, 2019-2026
9. North America Electric Drive Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Drive Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Drive Truck Market Size and Volume Forecast by Application
9.4.1. Factories
9.4.2. Warehouses
9.4.3. Stations
9.4.4. Ports
9.4.5. Airports
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Drive Truck Market Size and Volume Forecast by Type
9.7.1. Hybrid
9.7.2. Plug-In Hybrid
9.7.3. Battery Electric
9.7.4. Fuel Cell
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Drive Truck Demand Share Forecast, 2019-2026
10. Latin America Electric Drive Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Drive Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Drive Truck Market Size and Volume Forecast by Application
10.4.1. Factories
10.4.2. Warehouses
10.4.3. Stations
10.4.4. Ports
10.4.5. Airports
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Drive Truck Market Size and Volume Forecast by Type
10.7.1. Hybrid
10.7.2. Plug-In Hybrid
10.7.3. Battery Electric
10.7.4. Fuel Cell
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Drive Truck Demand Share Forecast, 2019-2026
11. Europe Electric Drive Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Drive Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Drive Truck Market Size and Volume Forecast by Application
11.4.1. Factories
11.4.2. Warehouses
11.4.3. Stations
11.4.4. Ports
11.4.5. Airports
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Drive Truck Market Size and Volume Forecast by Type
11.7.1. Hybrid
11.7.2. Plug-In Hybrid
11.7.3. Battery Electric
11.7.4. Fuel Cell
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Drive Truck Demand Share, 2019-2026
12. Asia Pacific Electric Drive Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Drive Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Drive Truck Market Size and Volume Forecast by Application
12.4.1. Factories
12.4.2. Warehouses
12.4.3. Stations
12.4.4. Ports
12.4.5. Airports
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Drive Truck Market Size and Volume Forecast by Type
12.7.1. Hybrid
12.7.2. Plug-In Hybrid
12.7.3. Battery Electric
12.7.4. Fuel Cell
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Drive Truck Demand Share, 2019-2026
13. Middle East & Africa Electric Drive Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Drive Truck Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Drive Truck Market Size and Volume Forecast by Application
13.4.1. Factories
13.4.2. Warehouses
13.4.3. Stations
13.4.4. Ports
13.4.5. Airports
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Drive Truck Market Size and Volume Forecast by Type
13.7.1. Hybrid
13.7.2. Plug-In Hybrid
13.7.3. Battery Electric
13.7.4. Fuel Cell
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Drive Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Drive Truck Market: Market Share Analysis
14.2. Electric Drive Truck Distributors and Customers
14.3. Electric Drive Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TransPower
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. UQM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. US Hybrid
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Volkswagen
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Navistar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Odyne Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PACCAR
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Allison Transmission
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ashok Leyland
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BYD
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Capacity Trucks
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Crosspoint Kinetics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Daimler
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dana
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Eaton
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Efficient Drivetrains Inc.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Ford
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. General Motors
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. GKN Hybrid Power
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
