Quote from Isha Deshpande on August 30, 2023, 10:48 am

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 COVID-19 impact assessment included in this report makes it highly distinctive from other market reports of the same category. Researchers have drawn a major focus on the significant impact of the COVID-19 pandemic on the Electric Commercial Vehicle market. This section depicts the pandemic’s effects on the global economic scenario, which have further impacted the Electric Commercial Vehicle business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the market’s potential downturn.

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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.

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

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:

1. 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.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. 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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