
Electric Van Market
Electric Van Market Forecasts to 2028 - Global Analysis By Range (Up to 100 Miles, 100-200 Miles and Above 200 Miles), Battery Capacity (Up to 50 kWh and Above 50 kWh), Battery Type, Propulsion, End User and By Geography

Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $16.7 BN |
Projected Year Value (2028) |
US $64.0 BN |
CAGR (2022 - 2028) |
25.1% |
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 Van Market is accounted for $16.7 billion in 2022 and is expected to reach $64.0 billion by 2028 growing at a CAGR of 25.1% during the forecast period. These electric vehicles are widely utilised in industries such as logistics, e-commerce, and public transit. The battery electric van is driven by an electric motor and does not release exhaust gas. The e-van is powered by a big lithium-ion battery pack and a high-capacity motor. The output of the lithium-ion battery is direct current (DC), whereas the drive motor of an electric car is alternating current (AC). As a result, an inverter that converts DC to three phases AC must be installed. Some electric vans feature petrol engines and are classified as hybrid vehicles. When the battery charge in a hybrid car is reduced, the engine can be utilised to move the vehicle, or the battery can be saved for town and city driving.
According to the United Nations Environment Program (UNEP), the transport sector contributes around one-quarter of greenhouse gas (GHG) emissions and is one of the largest sources of air pollution.
Market Dynamics:
Driver:
Growing desire for zero-emission and energy-efficient mass transit systems
The transport industry is a major contributor to global greenhouse gas (GHG) emissions. According to the United Nations Environment Programme (UNEP), the transportation sector accounts for around one-quarter of GHG emissions and is one of the major contributors of air pollution. Vehicle emissions are responsible for emitting 29% of ozone-depleting chemicals, which cause air pollution and are hazardous to the environment. Various governments throughout the world have launched attempts to make urban public transit more ecological and fuel-efficient through the use of electric vehicles. Electric vehicles will revolutionise public transit in the future years by improving air quality, lowering noise levels, and enhancing fuel efficiency.
Restraint:
Low vehicle range is a hindrance logistics over great distances
Many fleet owners of electric commercial vehicles are worried about the range or distance achieved on a single charge. Electric vans have a lower driving range than ICE commercial vans. Because of the poor energy density of batteries, many ECVs have ranges of 80 to 120 miles. An ECV has a maximum range of 300 miles. Users desire to go long distances without stopping, especially on lengthy excursions, and a long-range EV is much more expensive. This aspect has the potential to stifle the expansion of the electric van market. Various R&D efforts are underway to minimise the area required for housing and connections, allowing for additional batteries to be accommodated and increasing the van range to around 600 miles. FCEVs have a significant impact. Due to the lower requirement for frequent charging which hindered commercial use in many circumstances, FCEVs offer a big possibility for electric vans.
Opportunity:
Government assistance for public transit electrification
Governments throughout the world have been giving lucrative economic incentives to encourage shared mobility and clean transport in order to push the commitment to decrease greenhouse gas (GHG) emissions and improve air quality in metropolitan areas. Government all around the world have introduced enticing projects and programmes to encourage the use of electric cars. Developed-country governments have launched the bidding process to promote the usage of electric vans in their cities. The introduction of e-vans will contribute to local emission reduction commitments. The benefits will be considerably larger if power generation in densely populated cities such as China, Japan, and India is also greened.
Threat:
Inadequate charging infrastructure
The low availability of supporting infrastructure has hindered the expansion of the electric van sector. Every electric car requires a battery charging station on a regular basis. In Europe, North America, and other developed nations, charging infrastructure is being established in metropolitan areas. However, there aren't enough charging stations. The time required to recharge a car adds to the inconvenience. Finding an appropriate charger might be difficult due to the variety of charger designs and the fact that each charger utilises a different port. In emerging economies like as India, South Africa, and South Korea, a lack of charging infrastructure is a key issue which hamper the growth of the market.
Covid-19 Impact
Since the COVID-19 outbreak in December 2019, the illness has spread to approximately 100 nations worldwide, prompting the World Health Organisation (WHO) to declare it a pandemic. The pandemic had a big effect on the market in 2020 and 2021. It had an impact on the car industry in three major areas: Small and Medium-sized Enterprises (SMEs), supply networks, and financial markets. Furthermore, it caused a shortage of raw materials and electric vehicle components owing to a disruption in supply networks. It raised the cost of raw materials like as nickel, cobalt, and lithium, which are all required for the production of batteries that power electric vehicles such as vans, automobiles, and trucks.
The above 50 kWh segment is expected to be the largest during the forecast period
The above 50 kWh is estimated to have a lucrative growth, because 50 kWh batteries can often drive longer on a single charge than smaller ones, making them more practical for long-distance driving. The size and weight of the battery are crucial considerations in influencing the overall performance of an electric vehicle; greater battery capacities are often connected with better performance and acceleration. Such a gain from greater capacity batteries increases segmental growth over the predicted period.
The battery electric vehicle (BEV) segment is expected to have the highest CAGR during the forecast period
The battery electric vehicle (BEV) segment is anticipated to witness the highest CAGR growth during the forecast period, due to the numerous benefits of an electric car, the battery electric vehicle category is likely to have a bigger market share and continue to develop. The primary advantages of an electric car include zero pollution emissions, cheap maintenance, and low operating costs.
Region with highest share:
Asia Pacific is projected to hold the highest market share during the forecast period owing to the increasing demand for electric vehicles in China, Japan, and South Korea is due to the increase. These nations have large populations and are rapidly urbanising, which increases the need for last-mile delivery vehicles such as electric vans. Furthermore, government policies and initiatives in these nations are encouraging the usage of EVs, which is propelling market growth. Another factor for Asia Pacific's supremacy is the presence of numerous manufacturers in the area. China, in particular, is a big producer of these vans and has a large number of firms dedicated to researching and manufacturing these vehicles, which is helping to bring down the cost of electric vans.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the second highest market share due to the European Region's (EU) greater focus on sustainability and lowering carbon emissions. The EU has set an ambitious objective for decreasing emissions and increasing the number of EVs on the road; hence, increased acceptance of electric vans promotes regional market growth. Many European governments also give financial incentives, like as tax rebates and grants, to promote the purchase of these vehicles, further fuelling market expansion.
Key players in the market
Some of the key players profiled in the Electric Van Market include General Motors, Toyota Motor Corporation, BYD, Ford Motor Company, Renault, Mercedes-Benz Group AG, Hyundai Motor Company, Nissan Motor Co. Ltd., Honda Motor Company Ltd., Stellantis N.V, Volkswagen Group, Tesla Inc, Workhorse Group Inc., Mahindra & Mahindra Ltd, IVECO and London Electric Vehicle Company
Key Developments:
In May 2022, Ford Motor Company launched E-Transit in Europe with a range of 236 miles.
In October 2021, BYD launched ETP3 Panel Van with a load capacity of 780 kg and a driving range of 275 km. It is also equipped with a 44.9 kWh battery, a 35 kW rated electric motor, and a top speed of 100 km/hour.
In April 2021, Toyota Motor Corporation launched the Proace Electric van which offers a battery capacity of 75 kWh and a range of 175 km.
Ranges Covered:
• Up to 100 Miles
• 100–200 Miles
• Above 200 Miles
Battery Capacities Covered:
• Up to 50 kWh
• Above 50 kWh
Battery Types Covered:
• Lithium-Ion
• Nickel Manganese Cobalt
• Other Battery Types
Propulsions Covered:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicles (FCEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)
End Users Covered:
• Refrigerated Services
• Field Services
• Last Mile Delivery
• Distribution Services
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 End User Analysis
3.7 Emerging Markets
3.8 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 Van Market, By Range
5.1 Introduction
5.2 Up to 100 Miles
5.3 100–200 Miles
5.4 Above 200 Miles
6 Global Electric Van Market, By Battery Capacity
6.1 Introduction
6.2 Up to 50 kWh
6.3 Above 50 kWh
7 Global Electric Van Market, By Battery Type
7.1 Introduction
7.2 Lithium-Ion
7.3 Nickel Manganese Cobalt
7.4 Other Battery Types
8 Global Electric Van Market, By Propulsion
8.1 Introduction
8.2 Battery Electric Vehicle (BEV)
8.3 Fuel Cell Electric Vehicles (FCEVs)
8.4 Plug-In Hybrid Electric Vehicles (PHEVs)
9 Global Electric Van Market, By End User
9.1 Introduction
9.2 Refrigerated Services
9.3 Field Services
9.4 Last Mile Delivery
9.5 Distribution Services
10 Global Electric Van 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 General Motors
12.2 Toyota Motor Corporation
12.3 BYD
12.4 Ford Motor Company
12.5 Renault
12.6 Mercedes-Benz Group AG
12.7 Hyundai Motor Company
12.8 Nissan Motor Co. Ltd.
12.9 Honda Motor Company Ltd.
12.10 Stellantis N.V
12.11 Volkswagen Group
12.12 Tesla Inc
12.13 Workhorse Group Inc.
12.14 Mahindra & Mahindra Ltd
12.15 IVECO
12.16 London Electric Vehicle Company
List of Tables
1 Global Electric Van Market Outlook, By Region (2020-2028) ($MN)
2 Global Electric Van Market Outlook, By Range (2020-2028) ($MN)
3 Global Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
4 Global Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
5 Global Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
6 Global Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
7 Global Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
8 Global Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
9 Global Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
10 Global Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
11 Global Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
12 Global Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
13 Global Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
14 Global Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
15 Global Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
16 Global Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
17 Global Electric Van Market Outlook, By End User (2020-2028) ($MN)
18 Global Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
19 Global Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
20 Global Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
21 Global Electric Van Market Outlook, By Distribution Services (2020-2028) ($MN)
22 North America Electric Van Market Outlook, By Country (2020-2028) ($MN)
23 North America Electric Van Market Outlook, By Range (2020-2028) ($MN)
24 North America Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
25 North America Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
26 North America Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
27 North America Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
28 North America Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
29 North America Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
30 North America Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
31 North America Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
32 North America Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
33 North America Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
34 North America Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
35 North America Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
36 North America Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
37 North America Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
38 North America Electric Van Market Outlook, By End User (2020-2028) ($MN)
39 North America Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
40 North America Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
41 North America Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
42 North America Electric Van Market Outlook, By Distribution Services (2020-2028) ($MN)
43 Europe Electric Van Market Outlook, By Country (2020-2028) ($MN)
44 Europe Electric Van Market Outlook, By Range (2020-2028) ($MN)
45 Europe Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
46 Europe Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
47 Europe Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
48 Europe Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
49 Europe Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
50 Europe Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
51 Europe Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
52 Europe Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
53 Europe Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
54 Europe Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
55 Europe Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
56 Europe Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
57 Europe Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
58 Europe Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
59 Europe Electric Van Market Outlook, By End User (2020-2028) ($MN)
60 Europe Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
61 Europe Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
62 Europe Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
63 Europe Electric Van Market Outlook, By Distribution Services (2020-2028) ($MN)
64 Asia Pacific Electric Van Market Outlook, By Country (2020-2028) ($MN)
65 Asia Pacific Electric Van Market Outlook, By Range (2020-2028) ($MN)
66 Asia Pacific Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
67 Asia Pacific Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
68 Asia Pacific Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
69 Asia Pacific Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
70 Asia Pacific Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
71 Asia Pacific Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
72 Asia Pacific Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
73 Asia Pacific Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
74 Asia Pacific Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
75 Asia Pacific Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
76 Asia Pacific Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
77 Asia Pacific Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
78 Asia Pacific Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
79 Asia Pacific Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
80 Asia Pacific Electric Van Market Outlook, By End User (2020-2028) ($MN)
81 Asia Pacific Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
82 Asia Pacific Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
83 Asia Pacific Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
84 Asia Pacific Electric Van Market Outlook, By Distribution Services (2020-2028) ($MN)
85 South America Electric Van Market Outlook, By Country (2020-2028) ($MN)
86 South America Electric Van Market Outlook, By Range (2020-2028) ($MN)
87 South America Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
88 South America Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
89 South America Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
90 South America Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
91 South America Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
92 South America Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
93 South America Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
94 South America Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
95 South America Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
96 South America Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
97 South America Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
98 South America Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
99 South America Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
100 South America Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
101 South America Electric Van Market Outlook, By End User (2020-2028) ($MN)
102 South America Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
103 South America Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
104 South America Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
105 South America Electric Van Market Outlook, By Distribution Services (2020-2028) ($MN)
106 Middle East & Africa Electric Van Market Outlook, By Country (2020-2028) ($MN)
107 Middle East & Africa Electric Van Market Outlook, By Range (2020-2028) ($MN)
108 Middle East & Africa Electric Van Market Outlook, By Up to 100 Miles (2020-2028) ($MN)
109 Middle East & Africa Electric Van Market Outlook, By 100–200 Miles (2020-2028) ($MN)
110 Middle East & Africa Electric Van Market Outlook, By Above 200 Miles (2020-2028) ($MN)
111 Middle East & Africa Electric Van Market Outlook, By Battery Capacity (2020-2028) ($MN)
112 Middle East & Africa Electric Van Market Outlook, By Up to 50 kWh (2020-2028) ($MN)
113 Middle East & Africa Electric Van Market Outlook, By Above 50 kWh (2020-2028) ($MN)
114 Middle East & Africa Electric Van Market Outlook, By Battery Type (2020-2028) ($MN)
115 Middle East & Africa Electric Van Market Outlook, By Lithium-Ion (2020-2028) ($MN)
116 Middle East & Africa Electric Van Market Outlook, By Nickel Manganese Cobalt (2020-2028) ($MN)
117 Middle East & Africa Electric Van Market Outlook, By Other Battery Types (2020-2028) ($MN)
118 Middle East & Africa Electric Van Market Outlook, By Propulsion (2020-2028) ($MN)
119 Middle East & Africa Electric Van Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
120 Middle East & Africa Electric Van Market Outlook, By Fuel Cell Electric Vehicles (FCEVs) (2020-2028) ($MN)
121 Middle East & Africa Electric Van Market Outlook, By Plug-In Hybrid Electric Vehicles (PHEVs) (2020-2028) ($MN)
122 Middle East & Africa Electric Van Market Outlook, By End User (2020-2028) ($MN)
123 Middle East & Africa Electric Van Market Outlook, By Refrigerated Services (2020-2028) ($MN)
124 Middle East & Africa Electric Van Market Outlook, By Field Services (2020-2028) ($MN)
125 Middle East & Africa Electric Van Market Outlook, By Last Mile Delivery (2020-2028) ($MN)
126 Middle East & Africa Electric Van Market Outlook, By Distribution Services (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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