We have an updated report [Version - 2023] available. Kindly sign up to get the sample of the report.
Services industry

Electric Commercial Vehicle Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028

  • Code : SMI42723
  • Pages : 145
  • Date : Sep, 2021
  • Category : Services
  • Publisher : SMI
  • Format : SMI PPT FormatSMI PDF Format



 

The latest update of “Global Electric Commercial Vehicle Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Electric Commercial Vehicle Market.

Overview of the Electric Commercial Vehicle Market:

With several upgrades in the automobile sector, the market for electric commercial vehicles has grown tremendously. Rising consumer awareness and favorable regulations are also propelling the growth of the market. Government bodies across the world have been offering subsidies to companies for purchasing e-vehicles, and increasing focus is being placed on electrifying logistical fleets and public transportation fleets. One of the most notable benefits of electric commercial vehicles is their low cost of operation. They have fewer parts and require minimal maintenance. Therefore, they are ideal for companies that rely heavily on transport

Growing focus of governments on the electrification of public transportations is propelling growth of the electric commercial vehicle market. The rising focus on the development of zero-emission vehicle due to growing environmental concerns is again fostering growth of the market. For instance, in August 2021, General Motors has added two new zero-emissions vehicles to its commercial portfolio to expand its first-to-last-mile business arm, BrightDrop.

North America is expected to gain significant growth over the forecast period owing to the increasing implementation of strict regulations regarding pollution and environmental hazards. For instance, The Clean Air Act (CAA) is the United States' primary federal air quality law, intended to reduce and control air pollution nationwide. As with many other major U.S. federal environmental statutes, the Clean Air Act is administered by the U.S. Environmental Protection Agency (EPA), in coordination with state, local, and tribal governments

Key Developments:

  1. In March 2021, Tata Motors Ltd has developed a small electric commercial vehicle (ECV), based on its existing product Ace
  2. In January 2021, Earth Energy EV, an electric vehicle startup, has announced its plans to launch six new commercial and non-commercial vehicles in the market this year. The brand promises 96% localization for its upcoming products in the B2B and B2C segments.
  3. In November 2021, China’s Geely has launched a new electric semi-truck called the Homtruck
  4. In May 2021, EV maker Etrio has announced its plan to enter the electric four-wheeler light commercial vehicle (LCV) category and plans to launch new products in the three-wheeler category. The company also announced its foray in the B2C segment with pan-India dealership network to increase adoption of three-wheelers besides opening dealerships in six states

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Electric Commercial Vehicle Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Electric Commercial Vehicle Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • BYD (China)
  • Yutong (China)
  • Proterra (US)
  • VDL Groep (Netherlands)
  • and AB Volvo (Sweden)

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Electric Commercial Vehicle Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • BEV
  • PHEV
  • FCEV

By Applications, the market is segmented into:

  • Electric Bus
  • Electric Truck (Medium and Heavy Duty Trucks)
  • Electric Pick-up Truck
  • Electric Van

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Electric Commercial Vehicle Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Electric Commercial Vehicle Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Electric Commercial Vehicle Market
1.6.1 How the Covid-19 is Affecting the Electric Commercial Vehicle Market
1.6.1.1 Electric Commercial Vehicle Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Electric Commercial Vehicle Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Electric Commercial Vehicle Market Perspective (2015-2028)
2.2 Electric Commercial Vehicle Market Growth Trends by Regions
2.2.1 Electric Commercial Vehicle Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Electric Commercial Vehicle Market Historic Market Share by Regions (2015-2021)
2.2.3 Electric Commercial Vehicle Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Electric Commercial Vehicle Market Growth Strategy
2.3.6 Primary Interviews with Key Electric Commercial Vehicle Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Electric Commercial Vehicle Market Players by Market Size
3.1.1 Global Top Electric Commercial Vehicle Market Players by Revenue (2015-2021)
3.1.2 Global Electric Commercial Vehicle Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Electric Commercial Vehicle Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Electric Commercial Vehicle Market Concentration Ratio
3.2.1 Global Electric Commercial Vehicle Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Electric Commercial Vehicle Market Revenue in 2019
3.3 Electric Commercial Vehicle Market Key Players Head office and Area Served
3.4 Key Players Electric Commercial Vehicle Market Product Solution and Service
3.5 Date of entering into Electric Commercial Vehicle Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2028)

 

4.1 Global Electric Commercial Vehicle Market Historic Market Size by Type (2015-2021)
4.2 Global Electric Commercial Vehicle Market Forecasted Market Size by Type (2021-2028)

 

5 Electric Commercial Vehicle Market Breakdown Data by Application (2015-2028)

 

5.1 Global Electric Commercial Vehicle Market Size by Application (2015-2021)
5.2 Global Electric Commercial Vehicle Market Forecasted Market Size by Application (2021-2028)

 

6 North America

 

6.1 North America Electric Commercial Vehicle Market Size (2015-2021)
6.2 Electric Commercial Vehicle Market Key Players in North America (2019-2021)
6.3 North America Electric Commercial Vehicle Market Size by Type (2015-2021)
6.4 North America Electric Commercial Vehicle Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Electric Commercial Vehicle Market Size (2015-2021)
7.2 Electric Commercial Vehicle Market Key Players in Europe (2019-2021)
7.3 Europe Electric Commercial Vehicle Market Size by Type (2015-2021)
7.4 Europe Electric Commercial Vehicle Market Size by Application (2015-2021)

 

8 China

 

8.1 China Electric Commercial Vehicle Market Size (2015-2021)
8.2 Electric Commercial Vehicle Market Key Players in China (2019-2021)
8.3 China Electric Commercial Vehicle Market Size by Type (2015-2021)
8.4 China Electric Commercial Vehicle Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Electric Commercial Vehicle Market Size (2015-2021)
9.2 Electric Commercial Vehicle Market Key Players in Japan (2019-2021)
9.3 Japan Electric Commercial Vehicle Market Size by Type (2015-2021)
9.4 Japan Electric Commercial Vehicle Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Electric Commercial Vehicle Market Size (2015-2021)
10.2 Electric Commercial Vehicle Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Electric Commercial Vehicle Market Size by Type (2015-2021)
10.4 Southeast Asia Electric Commercial Vehicle Market Size by Application (2015-2021)

 

11 India

 

11.1 India Electric Commercial Vehicle Market Size (2015-2021)
11.2 Electric Commercial Vehicle Market Key Players in India (2019-2021)
11.3 India Electric Commercial Vehicle Market Size by Type (2015-2021)
11.4 India Electric Commercial Vehicle Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Electric Commercial Vehicle Market Size (2015-2021)
12.2 Electric Commercial Vehicle Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Electric Commercial Vehicle Market Size by Type (2015-2021)
12.4 Central & South America Electric Commercial Vehicle Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Electric Commercial Vehicle Market Introduction
13.4 Electric Commercial Vehicle Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Electric Commercial Vehicle Market Key Market Segments
Table 2. Key Players Covered: Ranking by Electric Commercial Vehicle Market Revenue
Table 3. Ranking of Global Top Electric Commercial Vehicle Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Electric Commercial Vehicle Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Electric Commercial Vehicle Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Electric Commercial Vehicle Market Players to Combat Covid-19 Impact
Table 10. Global Electric Commercial Vehicle Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Electric Commercial Vehicle Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Electric Commercial Vehicle Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Electric Commercial Vehicle Market Share by Regions (2015-2021)
Table 14. Global Electric Commercial Vehicle Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Electric Commercial Vehicle Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Electric Commercial Vehicle Market Growth Strategy
Table 20. Main Points Interviewed from Key Electric Commercial Vehicle Market Players
Table 21. Global Electric Commercial Vehicle Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Electric Commercial Vehicle Market Share by Players (2015-2021)
Table 23. Global Top Electric Commercial Vehicle Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Electric Commercial Vehicle Market as of 2019)
Table 24. Global Electric Commercial Vehicle Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Electric Commercial Vehicle Market Product Solution and Service
Table 27. Date of entering into Electric Commercial Vehicle Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 30. Global Electric Commercial Vehicle Market Size Share by Type (2015-2021)
Table 31. Global Electric Commercial Vehicle Market Revenue Market Share by Type (2021-2028)
Table 31. Global Electric Commercial Vehicle Market Size Share by Application (2015-2021)
Table 33. Global Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 34. Global Electric Commercial Vehicle Market Size Share by Application (2021-2028)
Table 35. North America Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 37. North America Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 38. North America Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 39. North America Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 40. North America Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 41. Europe Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 43. Europe Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 45. Europe Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 47. China Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 49. China Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 50. China Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 51. China Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 52. China Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 53. Japan Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 55. Japan Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 57. Japan Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 61. Southeast Asia Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 63. Southeast Asia Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 65. India Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 67. India Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 68. India Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 69. India Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 70. India Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Electric Commercial Vehicle Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Electric Commercial Vehicle Market Share (2019-2021)
Table 73. Central & South America Electric Commercial Vehicle Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Electric Commercial Vehicle Market Share by Type (2015-2021)
Table 75. Central & South America Electric Commercial Vehicle Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Electric Commercial Vehicle Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Electric Commercial Vehicle Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Electric Commercial Vehicle Market Share by Type: 2021 VS 2028
Figure 2. Global Electric Commercial Vehicle Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Electric Commercial Vehicle Market Report Years Considered
Figure 8. Global Electric Commercial Vehicle Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Electric Commercial Vehicle Market Share by Regions: 2021 VS 2028
Figure 10. Global Electric Commercial Vehicle Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Electric Commercial Vehicle Market Share by Players in 2019
Figure 13. Global Top Electric Commercial Vehicle Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Electric Commercial Vehicle Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Electric Commercial Vehicle Market Revenue in 2019
Figure 15. North America Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Electric Commercial Vehicle Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Thousands Units).
Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, regulatory scenario, industry trend, PESTLE analysis, PORTER’s analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment related decisions.
Custom research is crucial components of the business strategy which helps any organization to gain insight into specific business sector, aligned with specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Get In Touch

In search of customized market research solution? We are here to help you. Contact us.