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 report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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
Research Report on the Electric Commercial Vehicle Market Addresses the Following Key Questions:
- Who are the dominant players of the Electric Commercial Vehicle market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Electric Commercial Vehicle market?
- What are the key growth drivers and restraining factors of the Electric Commercial Vehicle market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Electric Commercial Vehicle market and its key segments?
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Emergen Research has segmented the global electric commercial vehicle market based on vehicle type, battery type, propulsion type, component, range, end-use, and region:
- Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
- Electric Bus
- Electric Truck
- Electric Pick-up Truck
- Electric Van
- Battery Type Outlook (Revenue, USD Billion; 2019–2030)
- Lithium-Iron-Phosphate (LFP)
- Lithium-Nickel-Manganese-Cobalt Oxide (NMC)
- Others
- Propulsion Type Outlook (Revenue, USD Billion; 2019–2030)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Fuel Cell Electric Vehicle (FCEV)
- Component Type Outlook (Revenue, USD Billion; 2019–2030)
- Electric Motor
- Electric Vehicle Battery
- Hydrogen Fuel Cell
- Range Type Outlook (Revenue, USD Billion; 2019–2030)
- Less than 150 Miles
- 150-300 Miles
- Above 300 Miles
- End-Use Type Outlook (Revenue, USD Billion; 2019–2030)
- Last-Mile Delivery
- Distribution Service
- Field Service
- Refuse Service
- Long Haul Transportation
In conclusion, the Electric Commercial Vehicle Market report is an exhaustive database that will help readers formulate lucrative strategies. The Electric Commercial Vehicle Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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