Market Overview Of The Commercial Electric Vehicle Market
The Global Commercial Electric Vehicle Market was estimated at 234.16 Thousand units in 2021 and is anticipated to reach 1200.43 Thousand units by 2028, growing at a CAGR of 26.3%.
Electricity can power not only cars, but also commercial vehicles such as buses, trucks, vans, and vehicles used in agriculture and building industry. Electric vehicles are more environmentally friendly, quieter, and efficient than gasoline vehicles. Furthermore, commercial vehicles require a lot of fuel and thus consume far more diesel than a car. However, fossil fuels such as oil are limited. They also contribute significantly to air pollution: in the EU, commercial vehicles account for 25% of CO2 emissions from traffic, and thus 5% of total greenhouse gas emissions. As electric commercial vehicles do not consume any fossil fuels they do not emit any CO2 in operation. They are completely clean if their electricity comes from renewable sources. There are additional advantages: An electric drive has fewer moving parts than a mechanical drive. This means fewer breakdowns and less servicing, which reduces vehicle operating costs. Because e-vehicles have a simpler design, they can be built more compactly thus, supporting the development of the Commercial Electric Vehicle Market over the forecasted period.
Market Dynamics And Factors Of The Commercial Electric Vehicle Market
Drivers:
- The Growing Demand For Sustainable Transportation
Restraints:
- Insufficient Infrastructure Can Affect The Commercial EV Adoption Rate
Opportunities:
- Large Scale Adoption By Corporation To Reduce the Carbon Emission
Challenges:
- Battery Storage and Maintenance
Key Industry Developments In The Commercial Electric Vehicle Market
In June 2022, Ford announced a USD 3.7 billion investment in the creation of 6,200 jobs in the United States. A total of USD 1.5 billion and 1,800 union jobs will be created at the Ohio Assembly Plant to build an all-new electric commercial vehicle.
COVID-19 Impact On The Commercial Electric Vehicle Market
COVID-19's effects have significantly altered the business environment for 2020 and had a detrimental effect on both production and sales across the board for the automobile industry. The COVID-19 epidemic caused a significant blow to the global economy. Global sales of electric vehicles were, on average, 15% lower in the first half of 2020 than in 2019. The growth of the Commercial Electric Vehicle business was adversely impacted by the drop in electric car sales. However, it is anticipated that future market acceptance would be favored by the economic recovery and governments gradually removing lockup restrictions.
Key Players For The Commercial Electric Vehicle Market
- Traton SE
- AB Volvo
- BYD Auto Co. Ltd
- Daimler AG
- Zhongtong Bus Holding
- Anhui Ankai Automobile Co. LTD
- Proterra Inc.
- Rivian
- Tata Motors Limited
- Tesla Inc.
- Ford Motor Company
- NFI Group Inc and Other Major Players.
Global Commercial Electric Vehicle Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 234.16 Th. Units |
Forecast Period 2022-28 CAGR: |
26.3% |
Market Size in 2028: |
USD 1200.43 Th. Units |
Segments Covered: |
By Vehicle Type |
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By Propulsion |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Vehicle Type
3.2 By Propulsion
3.3 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Commercial Electric Vehicle Market by Vehicle Type
5.1 Commercial Electric Vehicle Market Overview Snapshot and Growth Engine
5.2 Commercial Electric Vehicle Market Overview
5.3 Bus
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Bus: Geographic Segmentation
5.4 Trucks
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Trucks: Geographic Segmentation
5.5 Pick-up Trucks
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Pick-up Trucks: Geographic Segmentation
5.6 Vans
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Vans: Geographic Segmentation
Chapter 6: Commercial Electric Vehicle Market by Propulsion
6.1 Commercial Electric Vehicle Market Overview Snapshot and Growth Engine
6.2 Commercial Electric Vehicle Market Overview
6.3 Battery Electric Vehicles
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Battery Electric Vehicles: Geographic Segmentation
6.4 Plug-in Hybrid Electric Vehicles
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Plug-in Hybrid Electric Vehicles: Geographic Segmentation
6.5 Fuel Cell Electric Vehicles
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Fuel Cell Electric Vehicles: Geographic Segmentation
Chapter 7: Commercial Electric Vehicle Market by End Users
7.1 Commercial Electric Vehicle Market Overview Snapshot and Growth Engine
7.2 Commercial Electric Vehicle Market Overview
7.3 Last Mile Delivery
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Last Mile Delivery: Geographic Segmentation
7.4 Distribution Services
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Distribution Services: Geographic Segmentation
7.5 Transportation
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Transportation: Geographic Segmentation
7.6 Others
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Others: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Commercial Electric Vehicle Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Commercial Electric Vehicle Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Commercial Electric Vehicle Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 TRATON SE
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 AB VOLVO
8.4 BYD AUTO CO. LTD
8.5 DAIMLER AG
8.6 ZHONGTONG BUS HOLDING
8.7 ANHUI ANKAI AUTOMOBILE CO. LTD
8.8 PROTERRA INC.
8.9 RIVIAN
8.10 TATA MOTORS LIMITED
8.11 TESLA INC.
8.12 FORD MOTOR COMPANY
8.13 NFI GROUP INC
8.14 OTHER MAJOR PLAYERS
Chapter 9: Global Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Vehicle Type
9.2.1 Bus
9.2.2 Trucks
9.2.3 Pick-up Trucks
9.2.4 Vans
9.3 Historic and Forecasted Market Size By Propulsion
9.3.1 Battery Electric Vehicles
9.3.2 Plug-in Hybrid Electric Vehicles
9.3.3 Fuel Cell Electric Vehicles
9.4 Historic and Forecasted Market Size By End Users
9.4.1 Last Mile Delivery
9.4.2 Distribution Services
9.4.3 Transportation
9.4.4 Others
Chapter 10: North America Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Vehicle Type
10.4.1 Bus
10.4.2 Trucks
10.4.3 Pick-up Trucks
10.4.4 Vans
10.5 Historic and Forecasted Market Size By Propulsion
10.5.1 Battery Electric Vehicles
10.5.2 Plug-in Hybrid Electric Vehicles
10.5.3 Fuel Cell Electric Vehicles
10.6 Historic and Forecasted Market Size By End Users
10.6.1 Last Mile Delivery
10.6.2 Distribution Services
10.6.3 Transportation
10.6.4 Others
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Vehicle Type
11.4.1 Bus
11.4.2 Trucks
11.4.3 Pick-up Trucks
11.4.4 Vans
11.5 Historic and Forecasted Market Size By Propulsion
11.5.1 Battery Electric Vehicles
11.5.2 Plug-in Hybrid Electric Vehicles
11.5.3 Fuel Cell Electric Vehicles
11.6 Historic and Forecasted Market Size By End Users
11.6.1 Last Mile Delivery
11.6.2 Distribution Services
11.6.3 Transportation
11.6.4 Others
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Vehicle Type
12.4.1 Bus
12.4.2 Trucks
12.4.3 Pick-up Trucks
12.4.4 Vans
12.5 Historic and Forecasted Market Size By Propulsion
12.5.1 Battery Electric Vehicles
12.5.2 Plug-in Hybrid Electric Vehicles
12.5.3 Fuel Cell Electric Vehicles
12.6 Historic and Forecasted Market Size By End Users
12.6.1 Last Mile Delivery
12.6.2 Distribution Services
12.6.3 Transportation
12.6.4 Others
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Vehicle Type
13.4.1 Bus
13.4.2 Trucks
13.4.3 Pick-up Trucks
13.4.4 Vans
13.5 Historic and Forecasted Market Size By Propulsion
13.5.1 Battery Electric Vehicles
13.5.2 Plug-in Hybrid Electric Vehicles
13.5.3 Fuel Cell Electric Vehicles
13.6 Historic and Forecasted Market Size By End Users
13.6.1 Last Mile Delivery
13.6.2 Distribution Services
13.6.3 Transportation
13.6.4 Others
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Commercial Electric Vehicle Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Vehicle Type
14.4.1 Bus
14.4.2 Trucks
14.4.3 Pick-up Trucks
14.4.4 Vans
14.5 Historic and Forecasted Market Size By Propulsion
14.5.1 Battery Electric Vehicles
14.5.2 Plug-in Hybrid Electric Vehicles
14.5.3 Fuel Cell Electric Vehicles
14.6 Historic and Forecasted Market Size By End Users
14.6.1 Last Mile Delivery
14.6.2 Distribution Services
14.6.3 Transportation
14.6.4 Others
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Commercial Electric Vehicle Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 234.16 Th. Units |
Forecast Period 2022-28 CAGR: |
26.3% |
Market Size in 2028: |
USD 1200.43 Th. Units |
Segments Covered: |
By Vehicle Type |
|
|
By Propulsion |
|
||
By End Users |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. COMMERCIAL ELECTRIC VEHICLE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. COMMERCIAL ELECTRIC VEHICLE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. COMMERCIAL ELECTRIC VEHICLE MARKET COMPETITIVE RIVALRY
TABLE 005. COMMERCIAL ELECTRIC VEHICLE MARKET THREAT OF NEW ENTRANTS
TABLE 006. COMMERCIAL ELECTRIC VEHICLE MARKET THREAT OF SUBSTITUTES
TABLE 007. COMMERCIAL ELECTRIC VEHICLE MARKET BY VEHICLE TYPE
TABLE 008. BUS MARKET OVERVIEW (2016-2028)
TABLE 009. TRUCKS MARKET OVERVIEW (2016-2028)
TABLE 010. PICK-UP TRUCKS MARKET OVERVIEW (2016-2028)
TABLE 011. VANS MARKET OVERVIEW (2016-2028)
TABLE 012. COMMERCIAL ELECTRIC VEHICLE MARKET BY PROPULSION
TABLE 013. BATTERY ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 014. PLUG-IN HYBRID ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 015. FUEL CELL ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 016. COMMERCIAL ELECTRIC VEHICLE MARKET BY END USERS
TABLE 017. LAST MILE DELIVERY MARKET OVERVIEW (2016-2028)
TABLE 018. DISTRIBUTION SERVICES MARKET OVERVIEW (2016-2028)
TABLE 019. TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 020. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 021. NORTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 022. NORTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY PROPULSION (2016-2028)
TABLE 023. NORTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY END USERS (2016-2028)
TABLE 024. N COMMERCIAL ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 025. EUROPE COMMERCIAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 026. EUROPE COMMERCIAL ELECTRIC VEHICLE MARKET, BY PROPULSION (2016-2028)
TABLE 027. EUROPE COMMERCIAL ELECTRIC VEHICLE MARKET, BY END USERS (2016-2028)
TABLE 028. COMMERCIAL ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 029. ASIA PACIFIC COMMERCIAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 030. ASIA PACIFIC COMMERCIAL ELECTRIC VEHICLE MARKET, BY PROPULSION (2016-2028)
TABLE 031. ASIA PACIFIC COMMERCIAL ELECTRIC VEHICLE MARKET, BY END USERS (2016-2028)
TABLE 032. COMMERCIAL ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY PROPULSION (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY END USERS (2016-2028)
TABLE 036. COMMERCIAL ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 037. SOUTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 038. SOUTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY PROPULSION (2016-2028)
TABLE 039. SOUTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET, BY END USERS (2016-2028)
TABLE 040. COMMERCIAL ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 041. TRATON SE: SNAPSHOT
TABLE 042. TRATON SE: BUSINESS PERFORMANCE
TABLE 043. TRATON SE: PRODUCT PORTFOLIO
TABLE 044. TRATON SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. AB VOLVO: SNAPSHOT
TABLE 045. AB VOLVO: BUSINESS PERFORMANCE
TABLE 046. AB VOLVO: PRODUCT PORTFOLIO
TABLE 047. AB VOLVO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. BYD AUTO CO. LTD: SNAPSHOT
TABLE 048. BYD AUTO CO. LTD: BUSINESS PERFORMANCE
TABLE 049. BYD AUTO CO. LTD: PRODUCT PORTFOLIO
TABLE 050. BYD AUTO CO. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. DAIMLER AG: SNAPSHOT
TABLE 051. DAIMLER AG: BUSINESS PERFORMANCE
TABLE 052. DAIMLER AG: PRODUCT PORTFOLIO
TABLE 053. DAIMLER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. ZHONGTONG BUS HOLDING: SNAPSHOT
TABLE 054. ZHONGTONG BUS HOLDING: BUSINESS PERFORMANCE
TABLE 055. ZHONGTONG BUS HOLDING: PRODUCT PORTFOLIO
TABLE 056. ZHONGTONG BUS HOLDING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ANHUI ANKAI AUTOMOBILE CO. LTD: SNAPSHOT
TABLE 057. ANHUI ANKAI AUTOMOBILE CO. LTD: BUSINESS PERFORMANCE
TABLE 058. ANHUI ANKAI AUTOMOBILE CO. LTD: PRODUCT PORTFOLIO
TABLE 059. ANHUI ANKAI AUTOMOBILE CO. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. PROTERRA INC.: SNAPSHOT
TABLE 060. PROTERRA INC.: BUSINESS PERFORMANCE
TABLE 061. PROTERRA INC.: PRODUCT PORTFOLIO
TABLE 062. PROTERRA INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. RIVIAN: SNAPSHOT
TABLE 063. RIVIAN: BUSINESS PERFORMANCE
TABLE 064. RIVIAN: PRODUCT PORTFOLIO
TABLE 065. RIVIAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. TATA MOTORS LIMITED: SNAPSHOT
TABLE 066. TATA MOTORS LIMITED: BUSINESS PERFORMANCE
TABLE 067. TATA MOTORS LIMITED: PRODUCT PORTFOLIO
TABLE 068. TATA MOTORS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. TESLA INC.: SNAPSHOT
TABLE 069. TESLA INC.: BUSINESS PERFORMANCE
TABLE 070. TESLA INC.: PRODUCT PORTFOLIO
TABLE 071. TESLA INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. FORD MOTOR COMPANY: SNAPSHOT
TABLE 072. FORD MOTOR COMPANY: BUSINESS PERFORMANCE
TABLE 073. FORD MOTOR COMPANY: PRODUCT PORTFOLIO
TABLE 074. FORD MOTOR COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. NFI GROUP INC: SNAPSHOT
TABLE 075. NFI GROUP INC: BUSINESS PERFORMANCE
TABLE 076. NFI GROUP INC: PRODUCT PORTFOLIO
TABLE 077. NFI GROUP INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 078. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 079. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 080. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 012. BUS MARKET OVERVIEW (2016-2028)
FIGURE 013. TRUCKS MARKET OVERVIEW (2016-2028)
FIGURE 014. PICK-UP TRUCKS MARKET OVERVIEW (2016-2028)
FIGURE 015. VANS MARKET OVERVIEW (2016-2028)
FIGURE 016. COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY PROPULSION
FIGURE 017. BATTERY ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 018. PLUG-IN HYBRID ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 019. FUEL CELL ELECTRIC VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 020. COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY END USERS
FIGURE 021. LAST MILE DELIVERY MARKET OVERVIEW (2016-2028)
FIGURE 022. DISTRIBUTION SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 023. TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 024. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 025. NORTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. EUROPE COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. ASIA PACIFIC COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. MIDDLE EAST & AFRICA COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. SOUTH AMERICA COMMERCIAL ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Commercial Electric Vehicle Market research report is 2022-2028.
Traton SE, AB Volvo, BYD Auto Co. Ltd, Daimler AG, Zhongtong Bus Holding, Anhui Ankai Automobile Co. LTD, Proterra Inc., Rivian, Tata Motors Limited, Tesla Inc., Ford Motor Company, NFI Group Inc, and Other Major Players.
The Commercial Electric Vehicle Market is segmented into Vehicle Type, Propulsion, End Users, and region. By Vehicle Type, the market is categorized into Bus, Trucks, Pick-up Trucks, and Vans. By Propulsion, the market is categorized into Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Fuel Cell Electric Vehicles. By End Users, the market is categorized into Last Mile Delivery, Distribution Services, Transportation, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Electricity can power not only cars, but also commercial vehicles such as buses, trucks, vans, and vehicles used in agriculture and building industry. Electric vehicles are more environmentally friendly, quieter, and efficient than gasoline vehicles. Furthermore, commercial vehicles require a lot of fuel and thus consume far more diesel than a car. However, fossil fuels such as oil are limited.
The Global Commercial Electric Vehicle Market was estimated at 234.16 Thousand units in 2021 and is anticipated to reach 1200.43 Thousand units by 2028, growing at a CAGR of 26.3%.