Electric Commercial Vehicle Market
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PUBLISHED: 2021 ID: SMRC20361
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Electric Commercial Vehicle - Global Market Outlook (2019-2027)

4.8 (19 reviews)
4.8 (19 reviews)
Published: 2021 ID: SMRC20361

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Electric Commercial Vehicle market is accounted for $47.88 billion in 2019 and is expected to reach $629.85 billion by 2027 growing at a CAGR of 38.0% during the forecast period. Increased focus of government on electrification of public transport fleets, rising awareness about environment-friendly vehicles, and increase in demand for zero-emission vehicles in the eCommerce and logistics sector are the major factors driving the market growth. However, the high development cost of vehicles, the limited amount of capacity of batteries, and the deficiencies in charging infrastructure are restraining the market growth.

An electric commercial vehicle is an automobile that can be driven by one or more motors operated by electricity. Electric commercial vehicles are used for transportation that helps to reduce greenhouse gas releases and pollution. These vehicles are electrically powered, self-propelled, and work with the help of both electric motors working in tandem. Electric commercial vehicles are used for the delivery of goods and transport and have the potential to significantly reduce per-mile operational and maintenance costs.

Based on the vehicle type, the electric van segment is going to have high growth during the forecast period due to the high demand and usage of electric vans in the logistics and e-commerce sectors that would minimize the cost of transportation. Many leading logistics companies in developed countries have started using electric vans for shipping and delivery purposes. By geography, North America is going to have lucrative growth during the forecast period due to the high acceptance of electric vans and the large order of electric pick-up trucks. The region has seen a rise in demand for low-emission and fuel-efficient vehicles due to strict emission standards and the increasing logistics sector and the presence of supporting infrastructures, such as free charging stations and parking allotments.

Some of the key players profiled in the Electric Commercial Vehicle Market include Daimler AG, Ford Motor Co., Honda,  Hydrogenics,  Hyundai Motor Co., Mitsubishi Electric, Navistar International Corp. , Nissan Motor Co. Ltd., Panasonic, Plug Power, Samsung SDI, Tata Motors Ltd., Tesla Inc.,  Toshiba and Toyota Motor Corp.
 
Components Covered:
• Electric Motor
• Electric Vehicle (EV) Battery
• Hydrogen Fuel Cell

Ranges Covered:
• 0-150 Miles
• 151-250 Miles
• 251-500 Miles
• 500 Miles & Above  

Lengths of Buses Covered:
• Less than 9m
• 9-14m
• Above 14m 

Propulsion Types Covered:
• Plug in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)

Vehicle Types Covered:
• Electric Bus
• Electric Truck (Medium and Heavy Duty Trucks)
• Electric Pick-Up Truck
• Electric Van

Products Covered:
• Light Commercial Vehicles (LCVs)
• Medium Commercial Vehicles
• Heavy Commercial Vehicles

Battery Capacities Covered:
• Less than 50 kWh
• 50−250 kWh
• Above 250 kWh

Power Outputs Covered:
• Less than 100 KW
• 100−250 KW
• Above 250 KW

Applications Covered:
• Commercial
• Private
• Cargo
• Passenger Transport

Battery Types Covered:
• Lithium-Iron-Phosphate (LFP)
• Lithium-Nickel-Manganese-Cobalt Oxide (NMC)

Autonomous Vehicles Covered:
• Electric Autonomous Truck
• Electric Autonomous Bus

Charging Infrastructures Covered:
• Pantograph
• Plug-In
• Inductive

Haulages Covered:
• Urban
• Regional
• Long-Haul Cycles

End Users Covered:
• Last Mile Delivery
• Distribution Service
• Field Service
• Refuse Service
• Long Haul Transportation

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis      
 
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 Product Analysis      
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Electric Commercial Vehicle Market, By Component       
 5.1 Introduction       
 5.2 Electric Motor      
 5.3 Electric Vehicle (EV) Battery      
 5.4 Hydrogen Fuel Cell      
        
6 Global Electric Commercial Vehicle Market, By Range       
 6.1 Introduction      
 6.2 0-150 Miles      
 6.3 151-250 Miles      
 6.4 251-500 Miles      
 6.5 500 Miles & Above       
        
7 Global Electric Commercial Vehicle Market, By Length of Bus       
 7.1 Introduction      
 7.2 Less than 9m      
 7.3 9-14m      
 7.4 Above 14m      
        
8 Global Electric Commercial Vehicle Market, By Propulsion Type       
 8.1 Introduction      
 8.2 Plug in Hybrid Electric Vehicle (PHEV)      
 8.3 Fuel Cell Electric Vehicle (FCEV)      
 8.4 Battery Electric Vehicle (BEV)      
 8.5 Hybrid Electric Vehicle (HEV)      
         
9 Global Electric Commercial Vehicle Market, By Vehicle Type       
 9.1 Introduction      
 9.2 Electric Bus      
 9.3 Electric Truck      
 9.4 Electric Pick-Up Truck      
 9.5 Electric Van      
        
10 Global Electric Commercial Vehicle Market, By Product       
 10.1 Introduction      
 10.2 Light Commercial Vehicles (LCVs)      
 10.3 Medium Commercial Vehicles      
 10.4 Heavy Commercial Vehicles       
        
11 Global Electric Commercial Vehicle Market, By Battery Capacity       
 11.1 Introduction      
 11.2 Less than 50 kWh      
 11.3 50−250 kWh      
 11.4 Above 250 kWh      
        
12 Global Electric Commercial Vehicle Market, By Power Output       
 12.1 Introduction      
 12.2 Less than 100 KW      
 12.3 100−250 KW      
 12.4 Above 250 KW      
        
13 Global Electric Commercial Vehicle Market, By Application       
 13.1 Introduction      
 13.2 Commercial      
 13.3 Private      
 13.4 Cargo      
 13.5 Passenger Transport      
         
14 Global Electric Commercial Vehicle Market, By Battery Type       
 14.1 Introduction      
 14.2 Lithium-Iron-Phosphate (LFP)      
 14.3 Lithium-Nickel-Manganese-Cobalt Oxide (NMC)      
        
15 Global Electric Commercial Vehicle Market, By Autonomous Vehicles       
 15.1 Introduction      
 15.2 Electric Autonomous Truck      
 15.3 Electric Autonomous Bus      
        
16 Global Electric Commercial Vehicle Market, By Charging Infrastructure       
 16.1 Introduction      
 16.2 Pantograph      
 16.3 Plug-In      
 16.4 Inductive      
        
17 Global Electric Commercial Vehicle Market, By Haulage       
 17.1 Introduction      
 17.2 Urban      
 17.3 Regional      
 17.4 Long-Haul Cycles      
        
18 Global Electric Commercial Vehicle Market, By End User       
 18.1 Introduction      
 18.2 Last Mile Delivery      
 18.3 Distribution Service      
 18.4 Field Service      
 18.5 Refuse Service      
 18.6 Long Haul Transportation      
        
19 Global Electric Commercial Vehicle Market, By Geography       
 19.1 Introduction      
 19.2 North America      
  19.2.1 US     
  19.2.2 Canada     
  19.2.3 Mexico     
 19.3 Europe      
  19.3.1 Germany     
  19.3.2 UK     
  19.3.3 Italy     
  19.3.4 France     
  19.3.5 Spain     
  19.3.6 Rest of Europe     
 19.4 Asia Pacific      
  19.4.1 Japan     
  19.4.2 China     
  19.4.3 India     
  19.4.4 Australia     
  19.4.5 New Zealand     
  19.4.6 South Korea     
  19.4.7 Rest of Asia Pacific     
 19.5 South America      
  19.5.1 Argentina     
  19.5.2 Brazil     
  19.5.3 Chile     
  19.5.4 Rest of South America     
 19.6 Middle East & Africa      
  19.6.1 Saudi Arabia     
  19.6.2 UAE     
  19.6.3 Qatar     
  19.6.4 South Africa     
  19.6.5 Rest of Middle East & Africa     
        
20 Key Developments       
 20.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 20.2 Acquisitions & Mergers      
 20.3 New Product Launch      
 20.4 Expansions      
 20.5 Other Key Strategies      
        
21 Company Profiling       
 21.1 Daimler AG      
 21.2 Ford Motor Co.      
 21.3 Honda      
 21.4 Hydrogenics      
 21.5 Hyundai Motor Co.      
 21.6 Mitsubishi Electric      
 21.7 Navistar International Corp.      
 21.8 Nissan Motor Co. Ltd.      
 21.9 Panasonic      
 21.10 Plug Power      
 21.11 Samsung SDI      
 21.12 Tata Motors Ltd.      
 21.13 Tesla Inc.      
 21.14 Toshiba      
 21.15 Toyota Motor Corp.       


List of Tables        
1 Global Electric Commercial Vehicle Market Outlook, By Region (2018-2027) (US $MN)        
2 Global Electric Commercial Vehicle Market Outlook, By Component (2018-2027) (US $MN)       
3 Global Electric Commercial Vehicle Market Outlook, By Electric Motor (2018-2027) (US $MN)       
4 Global Electric Commercial Vehicle Market Outlook, By Electric Vehicle (EV) Battery (2018-2027) (US $MN)       
5 Global Electric Commercial Vehicle Market Outlook, By Hydrogen Fuel Cell (2018-2027) (US $MN)       
6 Global Electric Commercial Vehicle Market Outlook, By Range (2018-2027) (US $MN)       
7 Global Electric Commercial Vehicle Market Outlook, By 0-150 Miles (2018-2027) (US $MN)       
8 Global Electric Commercial Vehicle Market Outlook, By 151-250 Miles (2018-2027) (US $MN)       
9 Global Electric Commercial Vehicle Market Outlook, By 251-500 Miles (2018-2027) (US $MN)       
10 Global Electric Commercial Vehicle Market Outlook, By 500 Miles & Above  (2018-2027) (US $MN)       
11 Global Electric Commercial Vehicle Market Outlook, By Length of Bus (2018-2027) (US $MN)       
12 Global Electric Commercial Vehicle Market Outlook, By Less than 9m (2018-2027) (US $MN)       
13 Global Electric Commercial Vehicle Market Outlook, By 9-14m (2018-2027) (US $MN)       
14 Global Electric Commercial Vehicle Market Outlook, By Above 14m (2018-2027) (US $MN)       
15 Global Electric Commercial Vehicle Market Outlook, By Propulsion Type (2018-2027) (US $MN)       
16 Global Electric Commercial Vehicle Market Outlook, By Plug in Hybrid Electric Vehicle (PHEV) (2018-2027) (US $MN)       
17 Global Electric Commercial Vehicle Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2018-2027) (US $MN)       
18 Global Electric Commercial Vehicle Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) (US $MN)       
19 Global Electric Commercial Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) (US $MN)       
20 Global Electric Commercial Vehicle Market Outlook, By Vehicle Type (2018-2027) (US $MN)       
21 Global Electric Commercial Vehicle Market Outlook, By Electric Bus (2018-2027) (US $MN)       
22 Global Electric Commercial Vehicle Market Outlook, By Electric Truck (2018-2027) (US $MN)       
23 Global Electric Commercial Vehicle Market Outlook, By Electric Pick-Up Truck (2018-2027) (US $MN)       
24 Global Electric Commercial Vehicle Market Outlook, By Electric Van (2018-2027) (US $MN)       
25 Global Electric Commercial Vehicle Market Outlook, By Product (2018-2027) (US $MN)       
26 Global Electric Commercial Vehicle Market Outlook, By Light Commercial Vehicles (LCVs) (2018-2027) (US $MN)       
27 Global Electric Commercial Vehicle Market Outlook, By Medium Commercial Vehicles (2018-2027) (US $MN)       
28 Global Electric Commercial Vehicle Market Outlook, By Heavy Commercial Vehicles  (2018-2027) (US $MN)       
29 Global Electric Commercial Vehicle Market Outlook, By Battery Capacity (2018-2027) (US $MN)       
30 Global Electric Commercial Vehicle Market Outlook, By Less than 50 kWh (2018-2027) (US $MN)       
31 Global Electric Commercial Vehicle Market Outlook, By 50−250 kWh (2018-2027) (US $MN)       
32 Global Electric Commercial Vehicle Market Outlook, By Above 250 kWh (2018-2027) (US $MN)       
33 Global Electric Commercial Vehicle Market Outlook, By Power Output (2018-2027) (US $MN)       
34 Global Electric Commercial Vehicle Market Outlook, By Less than 100 KW (2018-2027) (US $MN)       
35 Global Electric Commercial Vehicle Market Outlook, By 100−250 KW (2018-2027) (US $MN)       
36 Global Electric Commercial Vehicle Market Outlook, By Above 250 KW (2018-2027) (US $MN)       
37 Global Electric Commercial Vehicle Market Outlook, By Application (2018-2027) (US $MN)        
38 Global Electric Commercial Vehicle Market Outlook, By Commercial (2018-2027) (US $MN)       
39 Global Electric Commercial Vehicle Market Outlook, By Private (2018-2027) (US $MN)       
40 Global Electric Commercial Vehicle Market Outlook, By Cargo (2018-2027) (US $MN)       
41 Global Electric Commercial Vehicle Market Outlook, By Passenger Transport (2018-2027) (US $MN)       
42 Global Electric Commercial Vehicle Market Outlook, By Battery Type (2018-2027) (US $MN)       
43 Global Electric Commercial Vehicle Market Outlook, By Lithium-Iron-Phosphate (LFP) (2018-2027) (US $MN)       
44 Global Electric Commercial Vehicle Market Outlook, By Lithium-Nickel-Manganese-Cobalt Oxide (NMC) (2018-2027) (US $MN)       
45 Global Electric Commercial Vehicle Market Outlook, By Autonomous Vehicles (2018-2027) (US $MN)       
46 Global Electric Commercial Vehicle Market Outlook, By Electric Autonomous Truck (2018-2027) (US $MN)       
47 Global Electric Commercial Vehicle Market Outlook, By Electric Autonomous Bus (2018-2027) (US $MN)       
48 Global Electric Commercial Vehicle Market Outlook, By Charging Infrastructure (2018-2027) (US $MN)       
49 Global Electric Commercial Vehicle Market Outlook, By Pantograph (2018-2027) (US $MN)       
50 Global Electric Commercial Vehicle Market Outlook, By Plug-In (2018-2027) (US $MN)       
51 Global Electric Commercial Vehicle Market Outlook, By Inductive (2018-2027) (US $MN)       
52 Global Electric Commercial Vehicle Market Outlook, By Haulage (2018-2027) (US $MN)       
53 Global Electric Commercial Vehicle Market Outlook, By Urban (2018-2027) (US $MN)       
54 Global Electric Commercial Vehicle Market Outlook, By Regional (2018-2027) (US $MN)       
55 Global Electric Commercial Vehicle Market Outlook, By Long-Haul Cycles (2018-2027) (US $MN)       
56 Global Electric Commercial Vehicle Market Outlook, By End User (2018-2027) (US $MN)       
57 Global Electric Commercial Vehicle Market Outlook, By Last Mile Delivery (2018-2027) (US $MN)       
58 Global Electric Commercial Vehicle Market Outlook, By Distribution Service (2018-2027) (US $MN)       
59 Global Electric Commercial Vehicle Market Outlook, By Field Service (2018-2027) (US $MN)       
60 Global Electric Commercial Vehicle Market Outlook, By Refuse Service (2018-2027) (US $MN)       
61 Global Electric Commercial Vehicle Market Outlook, By Long Haul Transportation (2018-2027) (US $MN)       
        
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.

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