Electric Truck Market size was valued at USD 3.15 Bn in 2023 and is expected to reach USD 17.93 Bn by 2030, at a CAGR of 28.2%.
Electric Truck Market Overview:
This study categorizes the Electric Truck market to anticipate revenues and analyze trends in each of the sub-markets listed below.
Market Scope:
The competition strategic window researches the competitive environment in terms of markets, applications, and regions to assist the vendor in defining an alignment or fit between their strengths and future growth opportunities.It describes the optimum or most beneficial fit for vendors to pursue sequential merger and acquisition tactics, regional expansion, R&D, and new product launch techniques to execute future business expansion and growth over a projected period.
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Segmentation:
by Type
Light-duty Electric Trucks
Medium-duty Electric Trucks
Heavy-duty Electric Trucks
by Range Short Range (Up to 150 Miles)
Medium Range (150-300 Miles)
Long Range (300-500 Miles)
Ultra-Long Range (500+ Miles)
by Battery Type
Lithium-Ion (Li-ion) Batteries
Solid-State Batteries
Lead-Acid Batteries
Nickel-Metal Hydride (NiMH) Batteries
by End Use
Logistics and Transportation Companies
E-commerce and Retail
Municipalities and Public Services
Construction and Infrastructure Development
Manufacturing and Industrial Sector
Others
Key Players:
1. Tesla, Inc. (Palo Alto, California, USA)
2. BYD Company Ltd. (Shenzhen, Guangdong, China)
3. Daimler AG (Mercedes-Benz) (Stuttgart, Germany)
4. AB Volvo Group (Gothenburg, Sweden)
5. Nikola Corporation (Phoenix, Arizona, USA)
North America
1. Rivian Automotive, Inc. (Plymouth, Michigan, USA)
2. General Motors Company (Detroit, Michigan, USA)
3. Ford Motor Company (Dearborn, Michigan, USA)
4. Workhorse Group Inc. (Loveland, Ohio, USA)
5. Lordstown Motors Corp. (Lordstown, Ohio, USA)
6. XPeng Inc. (Guangzhou, Guangdong, China)
7. Chanje Energy Inc. (Los Angeles, California, USA)
8. Kenworth (PACCAR Inc.) (Bellevue, Washington, USA)
9. Peterbilt (PACCAR Inc.) (Denton, Texas, USA)
10. Ryder System, Inc. (Miami, Florida, USA
Regional Analysis:
The Electric Truck market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Electric Truck market share and will continue to be a major shareholder in the global Electric Truck market.
COVID-19 Impact Analysis on Electric Truck Market:
The impact of COVID-19 pandemic on Electric Truck market has also been included in the report.
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Key Questions Answered in the Electric Truck Market Report are:
- Which are the prominent players in the Electric Truck market?
- What key trends are likely to emerge in the Electric Truck market in the coming years?
- What will be the Electric Truck market size by 2030?
- Which company held the largest share in the Electric Truck market?
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