Electric Commercial Vehicle Market by Type (BEVs, PHEVs, HEVs) by Vehicle Type (Electric Buses, Electric Trucks) by Battery Material (NCA, NMC, LMO) by Range(0-150 Miles,151-300 Miles) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024

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Electric Commercial Vehicle Market: Summary

The global electric commercial vehicle market is estimated to reach 1,477 (Thousand) Units in 2024 at a CAGR of 33.8 %. Growing need for emission-free commercial vehicles and supportive government subsidies is expected to drive the electric commercial vehicle market during the forecast period. However, high initial investments are expected to restrain the market during the forecast period. Increasing demand for logistics in urban areas and increase in sustainability & environmental protection is expected to create an opportunity for electric commercial vehicle system market.

Electric commercial vehicle is a vehicle which runs on electric motors for propulsion. Electricity is used instead of diesel or gas to power electric commercial vehicle. Battery is used to store electricity in these vehicles. Electric vehicles have limited energy storage capacity which must be refill by plugging into an electric source. Some key players in electric commercial vehicle are BYD Company Ltd., Tesla,  YUTONG, Proterra, AB Volvo and Daimler AG among others.

Electric Commercial Vehicle Market

 

Electric Commercial Vehicle Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global electric commercial vehicle market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the the basis of type, the electric commercial vehicle market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs) and fuel cell electric vehicles. Based on vehicle type, the electric commercial vehicle market can be segmented into electric buses, electric trucks, electric pickups, electric van and others. Based on battery material, the electric commercial vehicle market can be segmented into lithium-nickel-cobalt-aluminum (NCA), lithium-nickel-manganese-cobalt (NMC), lithium-manganese-spinel (LMO), lithium titanate (LTO), lithium-iron-phosphate (LFP) and others. Based on range, the electric commercial vehicle market can be segmented into 0-150 miles, 151-300 miles, above 300 Miles and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.

Electric Commercial Vehicle Market: Report Scope

The report on the electric commercial vehicle market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017-2024

Base Year for Market Calculation

2018

Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Volume (Units)

Segments Included

Type, Vehicle Type, Battery Material, Range, and Region

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

Companies Covered

  • BYD Company Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Tesla
  • YUTONG
  • Proterra
  • AB Volvo
  • Daimler AG
  • VDL Groep
  • NFI Group Inc.
  • Ebusco
  • Olectra Greentech Limited.
  • Other Key Companies

Electric Commercial Vehicle Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Electric Commercial Vehicle Market by Type

  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Fuel Cell Electric Vehicles 

Electric Commercial Vehicle Market by Vehicle Type

  • Electric Buses
  • Electric Trucks
  • Electric Pickups
  • Electric Van
  • Others

Electric Commercial Vehicle Market by Technology

  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Blind-Spot Collision Warning (BSW)
  • Forward Collision Warning (FCW)
  • Lane Keeping Assist (LKA)
  • Human Machine Interface (HMI)
  • Lane Departure Warning (LDW)
  • Others

Electric Commercial Vehicle Market by Battery Material

  • Lithium-Nickel-Cobalt-Aluminum (NCA)
  • Lithium-Nickel-Manganese-Cobalt (NMC)
  • Lithium-Manganese-Spinel (LMO)
  • Lithium Titanate (LTO)
  • Lithium-Iron-Phosphate (LFP)
  • Others 

Electric Commercial Vehicle Market by Range

  • 0-150 Miles
  • 151-300 Miles
  • Above 300 Miles
  • Others 

Electric Commercial Vehicle Market by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Norway
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key players operating in the global market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Electric Commercial Vehicle Market Providers
  • Electric Commercial Vehicle Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Electric commercial vehicle System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ELECTRIC COMMERCIAL VEHICLE MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                 4.2.1.    Growing Need for Emission-Free Commercial Vehicles

                                 4.2.2.    Supportive Government Subsidies

4.3       Restraints

                                  4.3.1    High Initial Investments

4.4       Opportunities

                                  4.4.1    Increasing Demand for Logistics in Urban Areas

                                  4.4.2    Increase in Sustainability and Environmental Protection

4.5       Challenges

                                  4.5.1    High cost of batteries

                                  4.5.2    Inadequate Charging Infrastructure

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      ELECTRIC COMMERCIAL VEHICLE MARKET BY TYPE, Market Size in Units (2017—2024)

6.1       Introduction

6.2       Battery Electric Vehicles (BEVs)

6.3       Plug-In Hybrid Electric Vehicles (PHEVs)

6.4       Hybrid Electric Vehicles (HEVs)

6.5       Fuel Cell Electric Vehicles

7      ELECTRIC COMMERCIAL VEHICLE MARKET BY VEHICLE TYPE, Market Size in Units (2017—2024)

7.1       Introduction

7.2       Electric Buses

7.3       Electric Trucks

7.4       Electric Pickups

7.5       Electric Van

7.6       Others

8      ELECTRIC COMMERCIAL VEHICLE MARKET BY BATTERY MATERIAL, Market Size in Units (2017—2024)

8.1       Introduction

8.2       Lithium-Nickel-Cobalt-Aluminum (NCA)

8.3       Lithium-Nickel-Manganese-Cobalt (NMC)

8.4       Lithium-Manganese-Spinel (LMO)

8.5       Lithium Titanate (LTO)

8.6       Lithium-Iron-Phosphate (LFP)

8.7       Others

9      ELECTRIC COMMERCIAL VEHICLE MARKET BY RANGE, Market Size in Units (2017—2024)

9.1       Introduction

9.2       0-150 Miles

9.3       151-300 Miles

9.4       Above 300 Miles

9.5       Others

10   ELECTRIC COMMERCIAL VEHICLE MARKET BY REGION, Market Size in Units (2017—2024)

10.1     North America

                                10.1.1    US

                                10.1.2    Canada

                                10.1.3    Mexico

10.2     Europe

                                10.2.1    Germany

                                10.2.2    UK

                                10.2.3    France

                                10.2.4    Italy

                                10.2.5    Spain

                                10.2.6    Norway

                                10.2.7    Rest of Europe

10.3     Asia-Pacific

                                10.3.1    China

                                10.3.2    India

                                10.3.3    Japan

                                10.3.4    Taiwan

                                10.3.5    South Korea

                                10.3.6    Rest of Asia-Pacific

10.4     Middle East & Africa

                                10.4.1    Saudi Arabia

                                10.4.2    UAE

                                10.4.3    Rest of Middle East & Africa

10.5     South America

                                10.5.1    Brazil

                                10.5.2    Argentina

                                10.5.3    Rest of South America  

11   COMPETITIVE LANDSCAPE

11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking

12   COMPANY PROFILES

12.1     BYD Company Ltd.

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     Tesla

12.3     YUTONG

12.4     Proterra

12.5     AB Volvo

12.6     VDL Groep

12.7     Daimler AG

12.8     NFI Group Inc.

12.9     Ebusco

12.10  Olectra Greentech Limited.

12.11  Others

13   APPENDIX

13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

               13.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

 

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Research Design

Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.

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Key Questions Answered by the Report

  • Major factors impacting the market and its growth
  • Evolving Types of the various products in the Market
  • Evolving Application of the various products in the Market
  • Growing countries in the Global Market
  • Effects of the developments in the market on the industry and on the market players
  • Key market developments undertaken by the leading players

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