The global hybrid electric truck market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for fuel-efficient vehicles and stringent emission norms in various countries. The hybrid electric truck market is segmented on the basis of type, application, and region.
The global hybrid electric truck market has been segmented on the basis of type into <80kWh, 8130kWh, 13165kWh and >165kWh. The 8130kWh segment accounted for the largest share in 2018 owing to its high efficiency levels and low cost per mile travelled when compared with other types of trucks. Hybrid electric trucks are also used as fire trucks due to their ability to produce less smoke than diesel-powered fire engines which reduces visibility issues during emergencies or rescue operations.
On the basis of application, the global hybrid electric truck market has been classified into van trucks, sprinkler trucks, clean trucks and others (fire engine). Van trucks accounted for a significant share in 2018 owing to their high demand among logistics companies that require these vehicles for transporting goods across long distances without incurring any additional costs related to fuel consumption or maintenance expenses associated with diesel-powered vans. Sprinkler trucks are used by construction companies that need these vehicles for watering down construction sites before they start work on them while clean trucks are used by sanitation departments that require these vehicles for collecting garbage from residential areas or commercial establishments without generating any emissions which can cause air pollution problems in urban areas.
Some Of The Growth Factors Of This Market:
- The HET market is driven by factors such as increasing demand for fuel-efficient vehicles, rising environmental concerns, and stringent government regulations on emissions.
- Increasing demand for fuel-efficient vehicles will drive the HET market growth in the near future due to high oil prices and increasing environmental concerns about air pollution and climate change.
- Stringent government regulations on emissions will also drive the HET market growth in the near future due to increased focus on reducing greenhouse gas emissions from transportation sector which accounts for more than one third of total global greenhouse gas emissions.
Industry Growth Insights published a new data on “Hybrid Electric Truck (HET) Market”. The research report is titled “Hybrid Electric Truck (HET) Market research by Types (<80kWh, 80-130kWh, 130-165kWh, >165kWh), By Applications (Fire Truck, Van Truck, Sprinkler Truck, Clean Truck, Other), By Players/Companies BYD, Daimler, Dongfeng Motor Group, Hino Motors, Isuzu Motors, Navistar International, PACCAR, Renault Trucks, Volkwagen, Zenith Motors, Alke, Nikola”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Electric Truck (HET) Market Research Report
By Type
<80kWh, 80-130kWh, 130-165kWh, >165kWh
By Application
Fire Truck, Van Truck, Sprinkler Truck, Clean Truck, Other
By Companies
BYD, Daimler, Dongfeng Motor Group, Hino Motors, Isuzu Motors, Navistar International, PACCAR, Renault Trucks, Volkwagen, Zenith Motors, Alke, Nikola
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Hybrid Electric Truck (HET) Market Report Segments:
The global Hybrid Electric Truck (HET) market is segmented on the basis of:
Types
<80kWh, 80-130kWh, 130-165kWh, >165kWh
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
Fire Truck, Van Truck, Sprinkler Truck, Clean Truck, Other
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:
- BYD
- Daimler
- Dongfeng Motor Group
- Hino Motors
- Isuzu Motors
- Navistar International
- PACCAR
- Renault Trucks
- Volkwagen
- Zenith Motors
- Alke
- Nikola
 Market Overview.svg)
Highlights of The Hybrid Electric Truck (HET) 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:
- <80kWh
- 80-130kWh
- 130-165kWh
- >165kWh
- By Application:
- Fire Truck
- Van Truck
- Sprinkler Truck
- Clean Truck
- Other
- 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 Hybrid Electric Truck (HET) 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
A hybrid electric truck is a type of commercial vehicle that uses electricity from both gasoline and diesel engines. The trucks use an electric motor to power the wheels, which helps reduce emissions and fuel costs.
Some of the key players operating in the hybrid electric truck (het) market are BYD, Daimler, Dongfeng Motor Group, Hino Motors, Isuzu Motors, Navistar International, PACCAR, Renault Trucks, Volkwagen, Zenith Motors, Alke, Nikola.
The hybrid electric truck (het) market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Electric Truck (HET) 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. Hybrid Electric Truck (HET) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Electric Truck (HET) Market - Supply Chain
4.5. Global Hybrid Electric Truck (HET) Market Forecast
4.5.1. Hybrid Electric Truck (HET) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Electric Truck (HET) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Electric Truck (HET) Market Absolute $ Opportunity
5. Global Hybrid Electric Truck (HET) 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. Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
5.3.1. <80kWh
5.3.2. 80-130kWh
5.3.3. 130-165kWh
5.3.4. >165kWh
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Electric Truck (HET) 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. Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
6.3.1. Fire Truck
6.3.2. Van Truck
6.3.3. Sprinkler Truck
6.3.4. Clean Truck
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Electric Truck (HET) 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. Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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. Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Demand Share Forecast, 2019-2026
9. North America Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
9.4.1. Fire Truck
9.4.2. Van Truck
9.4.3. Sprinkler Truck
9.4.4. Clean Truck
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
9.7.1. <80kWh
9.7.2. 80-130kWh
9.7.3. 130-165kWh
9.7.4. >165kWh
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 Hybrid Electric Truck (HET) Demand Share Forecast, 2019-2026
10. Latin America Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
10.4.1. Fire Truck
10.4.2. Van Truck
10.4.3. Sprinkler Truck
10.4.4. Clean Truck
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
10.7.1. <80kWh
10.7.2. 80-130kWh
10.7.3. 130-165kWh
10.7.4. >165kWh
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 Hybrid Electric Truck (HET) Demand Share Forecast, 2019-2026
11. Europe Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
11.4.1. Fire Truck
11.4.2. Van Truck
11.4.3. Sprinkler Truck
11.4.4. Clean Truck
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
11.7.1. <80kWh
11.7.2. 80-130kWh
11.7.3 130-165kWh
11.7.4. >165kWh
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 Hybrid Electric Truck (HET) Demand Share, 2019-2026
12. Asia Pacific Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
12.4.1. Fire Truck
12.4.2. Van Truck
12.4.3. Sprinkler Truck
12.4.4. Clean Truck
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
12.7.1. <80kWh
12.7.2. 80-130kWh
12.7.3. 130-165kWh
12.7.4. >165kWh
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 Hybrid Electric Truck (HET) Demand Share, 2019-2026
13. Middle East & Africa Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) 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 Hybrid Electric Truck (HET) Market Size and Volume Forecast by Application
13.4.1. Fire Truck
13.4.2. Van Truck
13.4.3. Sprinkler Truck
13.4.4. Clean Truck
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid Electric Truck (HET) Market Size and Volume Forecast by Type
13.7.1. <80kWh
13.7.2. 80-130kWh
13.7.3. 130-165kWh
13.7.4. >165kWh
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 Hybrid Electric Truck (HET) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid Electric Truck (HET) Market: Market Share Analysis
14.2. Hybrid Electric Truck (HET) Distributors and Customers
14.3. Hybrid Electric Truck (HET) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BYD
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daimler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dongfeng Motor Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hino Motors
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Isuzu Motors
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 International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PACCAR
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Renault Trucks
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volkwagen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zenith Motors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alke
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nikola
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
