Electric Truck Market
Electric Truck Market Forecasts to 2028 - Global Analysis By Vehicle Type (Light Duty Trucks, Medium Duty Truck and Heavy Duty Trucks), Propulsion (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle ), Level Of Automation (Semi-Autonomous Trucks and Autonomous Trucks), Battery Type (Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries and Other Battery Types), Range (150 Miles, 151-300 Miles and Above 300 Miles) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $725.03 MN |
|
Projected Year Value (2028) |
US $6,312.49 MN |
|
CAGR (2022 - 2028) |
43.43% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Electric Truck Market is accounted for $725.03 million in 2022 and is expected to reach $6,312.49 million by 2028 growing at a CAGR of 43.43% during the forecast period. An electric truck is a vehicle that runs on batteries that may deliver cargo, carry specific payloads, or do other valuable tasks. It is utilised in milk floats, pushback tugs, forklifts, and other applications. Due to government attempts to promote electric vehicle adoption and its incredible benefits such as gobs of torque, less noise pollution, and lower expenses for upkeep, electric trucks are becoming the favoured alternative over diesel trucks.
According to IEA, the sale of battery electric vehicle trucks increases yearly, and the increasing adoption of electric type of trucks will drive the market growth during the forecast period.
Market Dynamics:
Driver:
Increasing fuel prices
Globally, fuel prices are volatile and growing. The cost of refuelling options will also vary by area and rise over time. With petrol prices rising, consumers are becoming more interested in electric vehicles. The anticipated cost of fuel is comparable vehicle with an appropriate electric propulsion system. If the costs of energy and fuel were equal, a commercial electric vehicle would be less expensive to own than a gasoline-powered vehicle. The major countries are also focused on charging infrastructure development, which will increase demand for these trucks over the projection period.
Restraint:
High manufacturing cost
The initial investment necessary to manufacture electric trucks is significantly more than that required to manufacture CNG, petroleum, and diesel trucks. The cost of production components and machinery is likewise relatively significant. This is primarily owing to the high cost of electric batteries used in trucks. Because the production of these trucks is less sophisticated than that of other conventional fuel trucks, they are heavily influenced by market battery pricing. The raw materials needed for batteries must be imported, which adds to the expensive expense of batteries. Due to the significant costs involved, the manufacture of such commercial vehicles is currently limited.
Opportunity:
Increased use of autonomous driving innovations
Major manufacturers such as Tesla, Volvo, and others have been researching self-driving technology for commercial trucks. Furthermore, autonomous trucking increases the efficiency of the trucking industry. Every day, cargo businesses must transport significant amounts of cargo. Because one person is responsible for monitoring many vehicles, autonomous trucks would allow corporations to carry more freight with the same or fewer drivers. Because it is a driverless system, self-driving truck technology will raise the market for electric trucks in the long run due to its benefits such as ease of use, the existence of value-added features, and the reduction of human errors creating wide range of opportunities in the market growth.
Threat:
Longer charging period
The charging time for an electric car is significantly longer than the filling time for other fuel choices. The vast majority of public charging stations have level 2 chargers. Level 1 and 2 charging can take up to 8 to 16 hours to fully charge automobiles. The level 3 charger takes 60 minutes to charge an electric vehicle from 0 to 80%, which is substantially slower than CNG filling, which takes 5 minutes. Technology improvements in the coming years will minimise charging time, but the battery will need to be created for such fast high voltage charging which hinders the growth of the market.
Covid-19 Impact
The COVID-19 pandemic has spread to about 100 countries worldwide, and the World Health Organization has declared it a pandemic. COVID-19's worldwide consequences have already begun to be felt and will have a considerable influence. Automotive support for low- and zero-emission commercial cars to aid the automotive industry's short-term recovery organizations were forced to close due to the pandemic-induced lockdown or operate at reduced working capacity after production resumed, resulting in a severe slump in automobile manufacture. Also, numerous critical countries re-evaluated their objectives which enhances the growth of the market.
The Battery electric vehicle (BEV) segment is expected to be the largest during the forecast period
The Battery Electric Vehicle (BEV) segment is estimated to have a lucrative growth, due to because of their zero emissions and excellent energy efficiency, battery electric vehicles (EVs) (BEVs) are widely anticipated in China for lowering environmental emissions in the transportation sector. Battery electric vehicles (BEVs), largely in the form of off-road vehicles like tugs, tractors, and golf carts, have been used for a long time, but electric automobiles for on-road use have never been a big success due to their high capital costs, limited range-per-charge, and time-to-recharge thereby propelling the market growth.
The Lithium-Ion batteries segment is expected to have the highest CAGR during the forecast period
The Lithium-Ion batteries segment is anticipated to witness the fastest CAGR growth during the forecast period in renewable energy storage such as solar, and in electric vehicles (EVs). Increased energy density, discharge tolerance, cycle life, and re-charge times with low memory effect are just a few of the primary benefits that make lithium ion batteries popular for usage in EV applications. Lithium-ion batteries have a high power-to-weight ratio, are energy efficient, and work well at high temperatures. In practise, this means that the batteries have a high energy density for their weight, which is critical for electric vehicles. With reduced weight, the car can travel farther on a single battery which in turn boosts the market growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increase in the sale and registration of commercial electric cars, which will fuel the expansion of the industry in this region. Furthermore, in developed countries such as China, Japan, and India, most buyers prefer commercial electric vehicles. As a result, demand for these trucks in the region will increase. Electric truck brands have steadily gained demand in Asia Pacific. In this region, the number of electric LDVs per public charging outlet, the government has also expanded infrastructure investment in charging stations. These factors will have an impact on market growth.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to demonstrate significant market growth as a result of the strong demand for zero-emission and low-cost transportation. This could be because most electric LCVs are purchased for specific functions within specified delivery zones and do not require a long driving range. This will result in an exponential increase in product demand. Electric truck volume sales in Europe are expected to increase due to an expanded model range and consistent improvements in battery performance and cost reduction which drives the market.
Key players in the market
Some of the key players profiled in the Electric Truck Market include Daimler AG, BYD Motors Inc, Scania AB, Dongfeng Motor Corporation, Volvo Group, Tesla Inc, Tata Motors, Workhorse, Hino Motors Ltd, Paccar Inc, Navistar International Corp, Groupe Renault, Ford Motor Company, Rivian and Mercedes Benz Group AG
Key Developments:
In Feb 2023, Tata Motors launches Re.Wi.Re, its first Registered Vehicle Scrapping Facility. It is developed and operated by Tata Motors’ partner Ganganagar Vaahan Udyog Pvt. Ltd. to scrap end-of-life passenger and commercial vehicles of all brands.
In Feb 2023, Tata Motors announces a ‘National Exchange Carnival’ for its customers; this mega carnival was held till 15th February 2023, at Tata Motors authorized dealerships across 250 cities as a part of this customer centric initiative.
In Jan 2023, Tata Motors Partners with ICICI Bank to Offer Financing for Electric Vehicle Dealers, This inventory funding is in addition to the Bank’s funding to dealers for diesel and petrol models. Under this facility, the EV dealers can avail flexible repayment tenures.
In Jan 2023, Ford Joins the Virtual Power Plant Partnership as a Founding Member to Support Grid Resiliency and Emissions Reductions and collaborating to advance virtual power plants will be another important step to ensure a smooth transition to an EV lifestyle.
Vehicle Types Covered:
• Light Duty Trucks
• Medium Duty Truck
• Heavy Duty Trucks
Propulsions Covered:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle
Level Of Automations Covered:
• Semi-Autonomous Trucks
• Autonomous Trucks
Battery Types Covered:
• Lithium-Ion Batteries
• Nickel-Metal Hydride Batteries
• Lead-Acid Batteries
• Other Battery Types
Ranges Covered:
• 150 Miles
• 151-300 Miles
• Above 300 Miles
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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Emerging Markets
3.7 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 Truck Market, By Vehicle Type
5.1 Introduction
5.2 Light Duty Trucks
5.3 Medium Duty Truck
5.4 Heavy Duty Trucks
6 Global Electric Truck Market, By Propulsion
6.1 Introduction
6.2 Battery Electric Vehicle (BEV)
6.3 Fuel Cell Electric Vehicle (FCEV)
6.4 Plug-In Hybrid Electric Vehicle (PHEV)
6.5 Hybrid Electric Vehicle
7 Global Electric Truck Market, By Level Of Automation
7.1 Introduction
7.2 Semi-Autonomous Trucks
7.3 Autonomous Trucks
8 Global Electric Truck Market, By Battery Type
8.1 Introduction
8.2 Lithium-Ion Batteries
8.3 Nickel-Metal Hydride Batteries
8.4 Lead-Acid Batteries
8.5 Other Battery Types
9 Global Electric Truck Market, By Range
9.1 Introduction
9.2 150 Miles
9.3 151-300 Miles
9.4 Above 300 Miles
10 Global Electric Truck Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Daimler AG
12.2 BYD Motors Inc.
12.3 Scania AB
12.4 Dongfeng Motor Corporation
12.5 Volvo Group
12.6 Tesla Inc
12.7 Tata Motors
12.8 Workhorse
12.9 Hino Motors Ltd
12.10 Paccar Inc
12.11 Navistar International Corp
12.12 Groupe Renault
12.13 Ford Motor Company
12.14 Rivian
12.15 Mercedes Benz Group AG
List of Tables
1 Global Electric Truck Market Outlook, By Region (2020-2028) ($MN)
2 Global Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
3 Global Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
4 Global Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
5 Global Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
6 Global Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
7 Global Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
8 Global Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
9 Global Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
10 Global Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
11 Global Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
12 Global Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
13 Global Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
14 Global Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
15 Global Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
16 Global Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
17 Global Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
18 Global Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
19 Global Electric Truck Market Outlook, By Range (2020-2028) ($MN)
20 Global Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
21 Global Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
22 Global Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
23 North America Electric Truck Market Outlook, By Country (2020-2028) ($MN)
24 North America Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
25 North America Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
26 North America Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
27 North America Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
28 North America Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
29 North America Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
30 North America Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
31 North America Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
32 North America Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
33 North America Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
34 North America Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
35 North America Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
36 North America Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
37 North America Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
38 North America Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
39 North America Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
40 North America Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
41 North America Electric Truck Market Outlook, By Range (2020-2028) ($MN)
42 North America Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
43 North America Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
44 North America Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
45 Europe Electric Truck Market Outlook, By Country (2020-2028) ($MN)
46 Europe Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
47 Europe Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
48 Europe Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
49 Europe Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
50 Europe Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
51 Europe Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
52 Europe Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
53 Europe Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
54 Europe Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
55 Europe Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
56 Europe Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
57 Europe Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
58 Europe Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
59 Europe Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
60 Europe Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
61 Europe Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
62 Europe Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
63 Europe Electric Truck Market Outlook, By Range (2020-2028) ($MN)
64 Europe Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
65 Europe Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
66 Europe Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
67 Asia Pacific Electric Truck Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
69 Asia Pacific Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
70 Asia Pacific Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
71 Asia Pacific Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
72 Asia Pacific Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
73 Asia Pacific Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
74 Asia Pacific Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
75 Asia Pacific Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
76 Asia Pacific Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
77 Asia Pacific Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
78 Asia Pacific Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
79 Asia Pacific Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
80 Asia Pacific Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
81 Asia Pacific Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
82 Asia Pacific Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
83 Asia Pacific Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
84 Asia Pacific Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
85 Asia Pacific Electric Truck Market Outlook, By Range (2020-2028) ($MN)
86 Asia Pacific Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
87 Asia Pacific Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
88 Asia Pacific Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
89 South America Electric Truck Market Outlook, By Country (2020-2028) ($MN)
90 South America Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
91 South America Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
92 South America Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
93 South America Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
94 South America Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
95 South America Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
96 South America Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
97 South America Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
98 South America Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
99 South America Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
100 South America Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
101 South America Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
102 South America Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
103 South America Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
104 South America Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
105 South America Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
106 South America Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
107 South America Electric Truck Market Outlook, By Range (2020-2028) ($MN)
108 South America Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
109 South America Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
110 South America Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
111 Middle East & Africa Electric Truck Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Electric Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
113 Middle East & Africa Electric Truck Market Outlook, By Light Duty Trucks (2020-2028) ($MN)
114 Middle East & Africa Electric Truck Market Outlook, By Medium Duty Truck (2020-2028) ($MN)
115 Middle East & Africa Electric Truck Market Outlook, By Heavy Duty Trucks (2020-2028) ($MN)
116 Middle East & Africa Electric Truck Market Outlook, By Propulsion (2020-2028) ($MN)
117 Middle East & Africa Electric Truck Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
118 Middle East & Africa Electric Truck Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2020-2028) ($MN)
119 Middle East & Africa Electric Truck Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
120 Middle East & Africa Electric Truck Market Outlook, By Hybrid Electric Vehicle (2020-2028) ($MN)
121 Middle East & Africa Electric Truck Market Outlook, By Level Of Automation (2020-2028) ($MN)
122 Middle East & Africa Electric Truck Market Outlook, By Semi-Autonomous Trucks (2020-2028) ($MN)
123 Middle East & Africa Electric Truck Market Outlook, By Autonomous Trucks (2020-2028) ($MN)
124 Middle East & Africa Electric Truck Market Outlook, By Battery Type (2020-2028) ($MN)
125 Middle East & Africa Electric Truck Market Outlook, By Lithium-Ion Batteries (2020-2028) ($MN)
126 Middle East & Africa Electric Truck Market Outlook, By Nickel-Metal Hydride Batteries (2020-2028) ($MN)
127 Middle East & Africa Electric Truck Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
128 Middle East & Africa Electric Truck Market Outlook, By Other Battery Types (2020-2028) ($MN)
129 Middle East & Africa Electric Truck Market Outlook, By Range (2020-2028) ($MN)
130 Middle East & Africa Electric Truck Market Outlook, By 150 Miles (2020-2028) ($MN)
131 Middle East & Africa Electric Truck Market Outlook, By 151-300 Miles (2020-2028) ($MN)
132 Middle East & Africa Electric Truck Market Outlook, By Above 300 Miles (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
