Table Of Contents
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
Table 1 Segments And Their Definition
1.2.1 Inclusions & Exclusions
Table 2 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Market Segmentation: Electric Trucks Market
1.3.1 Years Considered For Study
1.4 Currency
Table 3 Currency Exchange Rates (Usd)
1.5 Package Size
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Electric Trucks Market: Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources For Electric Truck Sales
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 4 Breakdown Of Primary Interviews
2.1.2.1 Primary Participants
2.2 Market Estimation Methodology
Figure 5 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 6 Bottom-Up Approach: Electric Trucks Market
2.3.2 Top-Down Approach
Figure 7 Top-Down Approach: Electric Trucks Market
Figure 8 Electric Trucks Market: Research Design And Methodology
Figure 9 Research Approach: Electric Trucks Market
2.3.3 Demand-Side Approach
2.4 Data Triangulation
Figure 10 Data Triangulation
2.5 Factor Analysis
2.5.1 Factor Analysis For Market Sizing: Demand- And Supply-Side
2.6 Research Assumptions
2.7 Research Limitations
3 Executive Summary
Figure 11 Electric Trucks Market Dynamics
Table 4 Adoption Of Electric Commercial Vehicles, By Company
Figure 12 Nmc Batteries To Hold The Largest Share In The Electric Truck Market, 2021 Vs. 2030 (Units)
Figure 13 The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest Growth During The Forecast Period
3.1 Covid-19 Impact On Electric Trucks Market, 2021–2030
Figure 14 Impact Of Covid-19 On Electric Truck Market
4 Premium Insights
4.1 Attractive Opportunities In The Electric Trucks Market
Figure 15 Increased Fuel-Efficient Vehicle Ownership Is Expected To Drive The Demand For Electric Trucks
4.2 Electric Trucks Market, By Region
Figure 16 Asia Pacific Is Estimated To Account For The Largest Share Of Electric Trucks Market In 2021
4.3 Electric Trucks Market, By Battery Type
Figure 17 The Lithium-Nickel-Manganese-Cobalt Oxide Segment Is Expected To Lead The Market From 2021 To 2030
4.4 Electric Trucks Market, By Range
Figure 18 Above 200 Miles Segment To Grow At A Higher Rate During The Forecast Period
4.5 Electric Trucks Market, By Propulsion
Figure 19 Fcev Segment Is Projected To Grow At The Highest Cagr From 2021 To 2030
4.6 Electric Trucks Market, By Level Of Automation
Figure 20 The Semi-Autonomous Electric Trucks Segment Is Expected To Lead The Market
4.7 Electric Trucks Market, By Battery Capacity
Figure 21 50-250 Kwh Segment Is Anticipated To Grow At The Highest Cagr During The Forecast Period
4.8 Electric Trucks Market, By End User
Figure 22 The Field Services Segment Is Projected To Grow At The Highest Cagr From 2021 To 2030
4.9 Electric Trucks Market, By Type
Figure 23 The Light-Duty Trucks Segment Is Expected To Lead The Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Electric Trucks Market: Market Dynamics
Table 5 Electric Trucks Market: Impact Of Market Dynamics
5.2.1 Drivers
5.2.1.1 Reducing The Cost Of Ev Batteries
Figure 25 Ev Battery Pricing Analysis
Figure 26 Operating Cost: Electric Trucks Vs. Ice Trucks
5.2.1.2 Lower Operating Costs
Table 6 Average Gasoline Prices In Us (2016-2020)
Table 7 Average Diesel Prices In Us (2016-2020)
Figure 27 Oil Consumption Around The World In The Past 10 Years
5.2.1.3 Upcoming Ev Truck Models Being Developed With Higher Vehicle Range
Table 8 New And Upcoming Ev Truck Models (2021)
5.2.1.4 Rising Demand For Electric Trucks In The Logistics And Other Industries
Figure 28 Electric Trucks Market Share, By End User (2020)
5.2.2 Restraints
5.2.2.1 High Initial Investment Required In Electric Truck Production
Figure 29 Fuel Infrastructure: Initial Investment
5.2.2.2 Lack Of Ev Charging Infrastructure
Figure 30 Ev Charger Density Comparison
Figure 31 Private, Semi-Public, And Public Charging
5.2.2.3 Long Charging Time Compared To Other Fuels
Figure 32 Charging Time Required To Charge Using Different Charging Types
5.2.2.4 Limited Vehicle Range
5.2.3 Opportunities
5.2.3.1 Development Of Self-Driving Truck Technology
5.2.3.2 Government Initiatives Pertaining To Evs
Figure 33 Electrification Target, By Country
Figure 34 Regulatory Comparison For Evs Across The World
Table 9 Government Programs For The Promotion Of Electric Commercial Vehicle Sales
5.2.3.3 Development Of Wireless Ev Charging Technology For Easy Truck Charging
5.2.4 Challenges
5.2.4.1 High Cost Of Existing Range Of Electric Trucks
5.2.4.2 Insufficient Standardization Of Ev Charging Infrastructure
Figure 35 Ev Chargers Used Around The World
5.3 Porter’s Five Forces
Figure 36 Porter’s Five Forces: Electric Trucks Market
Table 10 Electric Trucks Market: Impact Of Porters 5 Forces
5.3.1 Threat Of Substitutes
5.3.2 Threat Of New Entrants
5.3.3 Bargaining Power Of Buyers
5.3.4 Bargaining Power Of Suppliers
5.3.5 Rivalry Among Existing Competitors
5.4 Electric Trucks Market Ecosystem
Figure 37 Electric Trucks Market: Ecosystem Analysis
5.4.1 Ev Charging Providers
5.4.2 Tier I Suppliers
5.4.3 Oems
5.4.4 End Users
Table 11 Electric Trucks Market: Role Of Companies In Ecosystem
5.5 Value Chain Analysis
Figure 38 Value Chain Analysis Of Electric Trucks Market
5.6 Revenue Shift For Electric Trucks Manufacturer
Figure 39 Revenue Shift And Hot Bets In Electric Trucks Market
5.7 Electric Truck Pricing Analysis
Table 12 Diesel/Petrol Truck: Average Price Comparison
Table 13 Electric Truck: Average Price Comparison
5.8 Technology Analysis
5.8.1 Smart Charging System In E-Truck Stations
Figure 40 Smart Ev Charging System
5.8.2 Solid-State Battery (Ssb)
5.8.3 Iot In Electric Vehicles
5.9 Patent Analysis
Table 14 Important Patent Registrations Related To The Electric Truck Market
5.10 Case Study
5.10.1 A Case Study On Battery-Electric Truck User’s Experiences In Norway
5.11 Regulatory Overview
5.11.1 Netherlands
Table 15 Etherlands: Incentives For Electric Vehicles
Table 16 Netherlands: Electric Vehicle Charging Station Incentives
5.11.2 Germany
Table 17 Germany: Electric Vehicle Incentives
Table 18 Germany: Electric Vehicle Charging Station Incentives
5.11.3 France
Table 19 France: Electric Vehicle Incentives
Table 20 France: Electric Vehicle Charging Station Incentives
5.11.4 Uk
Table 21 Uk: Electric Vehicle Incentives
Table 22 Uk: Electric Vehicle Charging Station Incentives
5.11.5 China
Table 23 China: Electric Vehicle Incentives
Table 24 China: Electric Vehicle Charging Station Incentives
5.11.6 Us
Table 25 Us: Electric Vehicle Incentives
Table 26 Us: Electric Vehicle Charging Station Incentives
5.12 Covid-19 Impact Analysis
5.12.1 Impact On Raw Material Supply
5.12.2 Covid-19 Impact On The Automotive Industry
5.12.3 Oem Announcements
Table 27 Oem Announcements
5.12.4 Impact On Electric Truck Production
5.13 Electric Truck Market, Scenarios (2021–2030)
5.13.1 Most Likely Scenario
Table 28 Electric Trucks Market (Most Likely), By Region, 2021–2030 (Units)
5.13.2 Optimistic Scenario
Table 29 Electric Trucks Market (Optimistic), By Region, 2021–2030 (Units)
5.13.3 Pessimistic Scenario
Table 30 Electric Trucks Market (Pessimistic), By Region, 2021–2030 (Units)
6 Electric Trucks Market, By Battery Capacity
6.1 Introduction
Figure 41 50-250 Kwh Segment Expected To Grow At The Highest Cagr During Forecast Period
Table 31 Electric Trucks Market Size, By Battery Capacity, 2019–2030 (Units)
6.2 Operational Data
Table 32 Electric Trucks And Their Battery Capacities
Table 33 Vehicle Models, By Battery Capacity
6.2.1 Assumptions
Table 34 Assumptions: By Battery Capacity
6.2.2 Research Methodology
6.3 <50 Kwh
6.3.1 High Adoption Rate Of Electric Pick-Up Trucks Is Expected To Boost The <50 Kwh Segment
Table 35 <50 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.4 50-250 Kwh
6.4.1 Affordable Electric Trucks And Pick-Up Trucks Drive 50-250 Kwh Segment In Asia Pacific
Table 36 50-250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.5 Above 250 Kwh
6.5.1 Trucks With A Battery Capacity Of More Than 250 Kwh Is Preferred To Transport Heavy Logistics
Table 37 Above 250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.6 Key Industry Insights
7 Electric Trucks Market, By Battery Type
7.1 Introduction
Figure 42 Lithium-Nickel-Manganese-Cobalt Oxide (Nmc) Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period 94
Table 38 Electric Trucks Market Size, By Battery Type, 2019–2030 (Units)
7.2 Operational Data
Table 39 Electric Trucks Data, Battery Type
Table 40 Types Of Lithium-Ion Battery Chemistries
Table 41 Most Commonly Used Lithium-Ion Batteries And Their Specifications
7.2.1 Assumptions
7.2.2 Research Methodology
7.3 Lithium-Nickel-Manganese-Cobalt Oxide
7.3.1 Advancements In Battery Technology To Boost Nmc Segment
Table 42 Lithium-Nickel-Manganese-Cobalt Oxide Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)
7.4 Lithium-Iron-Phosphate
7.4.1 Low Prices Of Lfp Batteries Drive Market
Table 43 Lithium-Iron-Phosphate Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)
7.5 Others
7.5.1 Oems Focus On R&D To Boost The Market For Other Batteries
Table 44 Other Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)
7.6 Key Industry Insights
8 Electric Trucks Market, By End User
8.1 Introduction
8.2 Operational Data
8.2.1 Assumptions
Table 47 Assumptions: By End User
8.2.2 Research Methodology
8.3 Last Mile Delivery
8.4 Field Services
8.5 Distribution Services
8.6 Long Haul Transportation
8.7 Refuse Services
8.8 Key Industry Insights
9 Electric Trucks Market, Level Of Automation
9.1 Introduction
9.2 Electric Trucks Market, By Level Of Automation
Figure 44 Electric Trucks Market, By Level Of Automation, 2021 Vs. 2030 (Units)
Table 48 Electric Trucks Market Size, By Level Of Automation, 2021–2030 (Units)
9.3 Operational Data
Table 49 Developments From Oems Towards Self-Driving Technology
9.3.1 Assumptions
Table 50 Assumptions: By Electric Vehicle Type
9.3.2 Research Methodology
9.4 Level 1
9.5 Level 2 & 3
9.6 Level 4
9.7 Level 5
Table 51 Oem Models, By Level Of Automation
9.8 Key Industry Insights
10 Electric Trucks Market, By Payload Capacity
10.1 Introduction
10.2 Operational Data
Table 52 Operational Data: Electric Trucks Data Based On Payload Capacity
10.3 Upto 10,000 Lbs
10.4 10,001- 26,000 Lbs
10.5 Above 26,000 Lbs
11 Electric Truck Market, By Propulsion Type
11.1 Introduction
Figure 45 The Bev Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period
Table 53 Electric Trucks Market Size, By Propulsion Type, 2019–2030 (Units)
11.2 Operational Data
Table 54 Electric Truck Data, By Propulsion Type
11.2.1 Assumptions
11.2.2 Upcoming Electric Trucks And Electric Pick-Up Truck Models
11.2.3 Research Methodology
11.3 Bev
11.3.1 Asia Pacific Is Expected To Dominate The Bev Market
Table 55 Battery Electric Vehicles Market, By Region, 2019–2030 (Units)
11.4 Fcev
11.4.1 Ongoing Developments By Oems To Drive Fcev Market
Table 56 Fuel Cell Electric Vehicles Market, By Region, 2019–2030 (Units)
11.5 Phev
11.5.1 Asia Pacific Is Projected To Be The Largest Phev Market
Table 57 Plug-In Hybrid Electric Vehicles Market, By Region, 2019–2030 (Units)
11.6 Key Industry Insights
12 Electric Truck Market, By Range
12.1 Introduction
Figure 46 The Upto 200 Miles Segment Expected To Dominate Electric Trucks Market During The Forecast Period
Table 58 Electric Trucks Market Size, By Range, 2019–2030 (Units)
12.2 Operational Data
Table 59 New And Upcoming Ev Truck Models, By Range
12.2.1 Assumptions
Table 60 Assumptions: By Range
12.2.2 Research Methodology
12.3 Upto 200 Miles
12.3.1 Affordable Electric Trucks Have A Range Of Upto 200 Miles
Table 61 Upto 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)
12.4 Above 200 Miles
12.4.1 Advancements In Battery Technologies Will Drive The Demand For Vehicles Having A Range Of Above 200 Miles
Table 62 Above 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)
12.5 Key Industry Insights
13 Electric Trucks Market, By Type
13.1 Introduction
Table 63 Electric Trucks Market, By Type, 2019–2030 (Units)
Figure 47 The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest Cagr During The Forecast Period
13.2 Operational Data
Table 64 Top New And Upcoming Electric Trucks Across The World
13.2.1 Assumptions
Table 65 Assumptions: By Type
13.2.2 Research Methodology
13.3 Light-Duty Trucks
13.3.1 Growing Emission Norms And Last Mile Delivery For Commercial Use Will Boost The Demand For These Trucks
Table 66 Light-Duty Electric Vehicle Regulations
Table 67 Light-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
Table 68 Light-Duty Commercial Trucks Market, By Robotaxi Market, 2021–2030 (Units)
13.4 Medium-Duty Trucks
13.4.1 The Adoption Of Electric Trucks In E-Commerce And Intra-State Logistics Will Boost The Demand For These Trucks
Table 69 Medium-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
13.5 Heavy-Duty Trucks
13.5.1 Adoption Of Electric Trucks For Inter-State Logistics And Specialised Trucks Will Increase The Demand For These Trucks
Table 70 Heavy-Duty Electric Vehicle Regulations
Table 71 Heavy-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
13.6 Key Primary Insights
14 Electric Trucks Market, By Region
14.1 Introduction
Figure 48 Asia Pacific Is Expected To Be The Largest Market For Electric Trucks During The Forecast Period
Table 72 Electric Trucks Market, By Region, 2019–2030 (Usd Million)
Table 73 Electric Trucks Market, By Region, 2019–2030 (Units)
14.2 Asia Pacific
Figure 49 Asia Pacific: Electric Trucks Market Snapshot
Table 74 Asia Pacific: Electric Trucks Market, By Country, 2019–2030 (Units)
14.2.1 China
14.2.1.1 Increased Investment In Charging Infrastructure Will Drive The Market
Table 75 China: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.2 India
14.2.2.1 Government Initiatives Expected To Drive The Demand For Electric Trucks In The Country
Table 76 India: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.3 Japan
14.2.3.1 Advancements In Battery Technology Will Boost The Market
Table 77 Japan: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.4 South Korea
14.2.4.1 Increased Investment In Electric Commercial Vehicles Will Boost The Market
Table 78 South Korea: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3 Europe
Figure 50 Europe: Electric Trucks Market Snapshot
Table 79 Europe: Electric Truck Market, By Country, 2019–2030 (Units)
14.3.1 France
14.3.1.1 Government Offering Purchase Grants Will Boost The Market
Table 80 France: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.2 Germany
14.3.2.1 E-Highway Program Will Boost The Market
Table 81 Germany: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.3 Netherlands
14.3.3.1 Government Focus On Greener Vehicles Will Boost The Demand For Electric Trucks
Table 82 Netherlands: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.4 Norway
14.3.4.1 Government Incentives Will Fuel The Demand For Electric Trucks
Table 83 Norway: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.5 Sweden
14.3.5.1 The Presence Of Top Oems Is Expected To Boost The Market
Table 84 Sweden: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.6 Uk
14.3.6.1 Country Investment Towards Ultra-Low Emission Vehicles Will Boost The Market
Figure 51 Uk: Roadmap To 2035
Table 85 Uk: Electric Trucks Market, By Type, 2019–2030 (Units)
14.4 North America
Figure 52 North America: Electric Truck Market Snapshot
Table 86 North America: Electric Truck Market, By Country, 2019–2030 (Units)
14.4.1 Canada
14.4.1.1 Increasing Development In Electric Vehicles Infrastructure Will Boost The Market
Table 87 Canada: Electric Truck Market, By Type, 2019–2030 (Units)
14.4.2 Us
14.4.2.1 Increasing Developments In Electric Truck Technology Will Drive The Market
Table 88 Us: Electric Trucks Market, By Type, 2019–2030 (Units)
15 Competitive Landscape
15.1 Overview
Figure 53 Key Developments By Leading Players, 2018–2021
15.2 Market Share Analysis For The Electric Trucks Market
Table 89 Market Share Analysis, 2020
Figure 54 Market Share Analysis, 2020
15.3 Revenue Analysis Of Top Key Players
15.4 Competitive Scenario
15.4.1 New Product Launches
Table 90 Product Launches, 2018–2021
15.5 Deals
Table 91 Deals, 2018–2021
15.6 Others
Table 92 Others, 2018-2021
15.7 Company Evaluation Quadrant
15.7.1 Stars
15.7.2 Emerging Leaders
15.7.3 Pervasive
15.7.4 Participants
Figure 55 Electric Truck Market: Company Evaluation Quadrant, 2021
15.8 Electric Trucks Market: Company Footprint, 2021
15.9 Electric Trucks Market: Product Footprint, 2021
15.10 Electric Trucks Market: Regional Footprint, 2021
15.11 Winners Vs. Tail-Enders
16 Company Profiles
(Business Overview, Products Offered, Swot Analysis & Mnm View)*
16.1 Key Players
16.1.1 Byd
Table 93 Byd: Business Overview
Figure 56 Byd: Company Snapshot
Table 94 Byd: Products Offered
Table 95 Byd: New Product Developments
Table 96 Byd: Deals
Table 97 Byd: Others
16.1.2 Ab Volvo
Table 98 Ab Volvo: Business Overview
Figure 57 Ab Volvo: Company Snapshot
Table 99 Ab Volvo: Products Offered
Table 100 Ab Volvo: New Product Developments
Table 101 Ab Volvo: Deals
Table 102 Ab Volvo: Others
16.1.3 Daimler Ag
Table 103 Daimler Ag: Business Overview
Figure 58 Daimler Ag: Company Snapshot
Table 104 Daimler Ag: Products Offered
Table 105 Daimler Ag: New Product Developments
Table 106 Daimler Ag: Deals
Table 107 Daimler Ag: Others
16.1.4 Paccar Inc
Table 108 Paccar Inc: Business Overview
Figure 59 Paccar Inc: Company Snapshot
Table 109 Paccar Inc: Products Offered
Table 110 Paccar Inc: New Product Developments
Table 111 Paccar Inc: Deals
16.1.5 Scania Ab
Table 112 Scania Ab: Business Overview
Figure 60 Scania Ab: Company Snapshot
Table 113 Scania Ab: Products Offered
Table 114 Scania Ab: New Product Developments
Table 115 Scania Ab: Deals
Table 116 Scania Ab: Others
16.1.6 Rivian
Table 117 Rivian: Business Overview
Table 118 Rivian: Products Offered
Table 119 Rivian: New Product Developments
Table 120 Rivian: Deals
Table 121 Rivian: Others
16.1.7 Tesla, Inc
Table 122 Tesla, Inc.: Business Overview
Figure 61 Tesla, Inc.: Company Snapshot
Table 123 Tesla, Inc.: Products Offered
Table 124 Tesla, Inc.: New Product Developments
Table 125 Tesla, Inc.: Deals
16.1.8 Navistar Inc
Table 126 Navistar Inc: Business Overview
Figure 62 Navistar Inc: Company Snapshot
Table 127 Navistar Inc: Products Offered
Table 128 Navistar Inc: New Product Developments
Table 129 Navistar Inc: Deals
Table 130 Navistar Inc: Others
16.1.9 Dongfeng Motor Corporation
Table 131 Dongfeng Motor Corporation: Business Overview
Figure 63 Dongfeng Motor Corporation: Company Snapshot
Table 132 Dongfeng Motor Corporation: Products Offered
Table 133 Dongfeng Motor Corporation: Deals
16.1.10 Faw Group Corporation
Table 134 Faw Group Corporation: Business Overview
Table 135 Faw Group Corporation: Products Offered
Table 136 Faw Group Corporation: New Product Developments
16.1.11 Proterra
Table 137 Proterra: Business Overview
Table 138 Proterra: Products Offered
Table 139 Proterra: New Product Developments
Table 140 Proterra: Deals
16.1.12 Vdl Groep
Table 141 Vdl Groep: Business Overview
Figure 64 Vdl Groep: Company Snapshot
Table 142 Vdl Groep: Products Offered
Table 143 Vdl Groep: New Product Developments
Table 144 Vdl Groep: Deals
*Details On Business Overview, Products Offered, Recent Developments & Mnm View Might Not Be Captured In Case Of Unlisted Companies.
16.2 Other Key Players
16.2.1 Tata Motors
16.2.2 Workhorse
16.2.3 Nikola Corporation
16.2.4 Ford Motor Company
16.2.5 Ashok Leyland
16.2.6 Isuzu Motors Ltd
16.2.7 Yinlong Energy Co, Ltd
16.2.8 Irizar Group
16.2.9 Iveco S.P.A
16.2.10 Triton
16.2.11 Bollinger Motors
16.2.12 Xos Trucks Inc
16.2.13 Atlis Motor Vehicles
16.2.14 Emoss Mobile Systems Bv
16.2.15 Kaiyun Motors
17 Recommendations By Marketsandmarkets
17.1 North America And Asia Pacific Are Key Markets For Electric Trucks
17.2 Adoption Of Light-Duty Electric Trucks Is On The Rise
17.3 Conclusion
18 Appendix
18.1 Key Insights Of Industry Experts
18.2 Discussion Guide
18.3 Knowledge Store: Marketsandmarkets Subscription Portal
18.4 Available Customizations
18.5 Related Reports
18.6 Author Details
