The global electric commercial vehicle market size was USD 56.34 Billion in 2021 and is expected to register a revenue CAGR of 34.4% during the forecast period, according to latest analysis by Emergen Research. Rising demand for emission-free commercial vehicles is expected to support market revenue growth between 2022 and 2030. In addition, implementation of electric buses as public transit is expected to change public transit worldwide over the upcoming years by lowering emissions, decreasing levels of noise, and enhancing fuel efficiency. Moreover, rising volumes of Carbon Dioxide (CO2) emissions and other hazardous pollutants due to petrol and diesel transportation leading firms to sift in commercial electric vehicle And rising demand for green and renewable energy are driving electric commercial vehicle market growth during the forecast period.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Electric Commercial Vehicle market.
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The leading market contenders listed in the report are:
Yutong, BYD, VDL Groep, Proterra, AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., Ankai
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Electric Commercial Vehicle market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2017-2027)
- Electric Motor
- Electric Vehicle Battery
- Hydrogen Fuel Cell
-
Propulsion Type Outlook (Revenue, USD Billion; 2017-2027)
- BEV
- PHEV
- FCEV
-
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Electric Bus
- Electric Truck (Medium and Heavy Duty Trucks)
- Electric Pick-up Truck
- Electric Van
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Electric Commercial Vehicle Market report:
- The latest report comprehensively studies the global Electric Commercial Vehicle market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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