Electric Commercial Vehicle - Global Market Outlook (2019-2027)
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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