Global Electric Truck Market Research and Forecast Report 2024 - 2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group I n t e r n a t i o n a l Ma r k e t A n a l ys i s R e s e a r c h a n d C o n s u l t i n g G r o u p i s a l e a d i n g a d vi s e r o n ma n a g e me n t s t r a t e g y a n d ma r k e t r e s e a r c h wo r l d wi d e We p a r t n e r wi t h c l i e n t s i n a l l r e g i o n s a n d i n d u s t r y ve r t i c a l s t o i d en t i f y t h e i r h i g h e s t - va l u e o p p o r t u n i t i e s , a d d r e ss t h e i r mo s t c ri t i c a l c h a l l e n g e s , a n d t r a n s f o r m t h e i r b u s i n e s s e s I M A R C’s i n f o r ma t i o n p r o d u c ts i n c l u d e ma j o r ma r k e t , s c i e n t i f i c , e c o n o m i c a n d t e c h no l o g i c a l d e ve l o p me n t s f o r b u s i n e s s l e a d e r s i n p h a r ma c e u t i ca l , i n d u s t r i a l , a n d h i g h te c h n o l o g y o r g a n i z a t i o n s Ma r k e t f o r e c a s t s a n d i n d u s t ry a n a l ys i s f o r b i o t e c h n o l o g y, a d va n c e d ma t e r i a l s , c h e m i c a l s , f o o d a n d b e ve r a g e , t r a ve l a n d t o u ri s m, n a n o t e c h no l o g y a n d n o ve l p r o c e s s i n g me t h o d s a r e a t t h e t o p o f t h e c o m p a n y’s e xp e r t i s e I M A R C’s t a i l o r e d a p p r o a c h co m b i n e s u n f a t h o m a b l e i n s i g h t i n t o t h e d yn a m i c s o f c o mp a n i e s a n d ma r k e t s wi t h c l o s e c o o p e r a t i o n a t a l l l e ve l s o f t h e c l i e n t o r g a n i z a t i o n Th i s e n s u r e s t h a t o u r c l i e n t s ac h i e ve unmat c ha b l e c o m p e t i t i ve a d va n t a g e , b u i l d mor e pr of i c i ent o r g a n i z a t i o n s , a n d s ec ur e las t i ng r e s u l t s Report Highlight and Description A c c o r d i n g t o t h e l a t e s t r e p o r t b y I M A R C G r o u p , t i t l e d " E l e c t r i c Tr u c k M a r k e t : G l o b a l I n d u s t r y Tr e n d s , S h a r e , S i z e , G r o w t h , O p p o r t u n i t y a n d F o r e c a s t 2 0 2 4 - 2 0 3 2 , " t h e g l o b a l e l e c t r i c t r u c k m a r k e t s i z e r e a c h e d U S $ 6 7 2 8 M i l l i o n i n 2 0 2 3 A n e l e c t r i c t r u c k i s g e n e r a l l y d e s i g n e d f o r t r a n s p o r t i n g s p e c i a l i z e d p a y l o a d s a n d c a r g o s f o r p e r f o r m i n g u t i l i t a r i a n w o r k t h a t i s p o w e r e d b y b a t t e r i e s I t s e x t e r i o r f r a m e a n d w h e e l s a r e m a n u f a c t u r e d u s i n g a l u m i n u m m e t a l s t h a t p r o v i d e a n i n d e s t r u c t i b l e s t r u c t u r e t o t h e v e h i c l e I t i s w i d e l y a d o p t e d a s a p r e f e r r e d a l t e r n a t i v e f o r f u e l - b a s e d t r u c k s s i n c e i t a i d s i n r e d u c i n g p o l l u t i o n a n d n o i s e l e v e l s A l o n g w i t h t h i s , i t a l s o e x h i b i t s t h e a b i l i t y t o p r o v i d e r e g e n e r a t i v e b r a k i n g a s i t c a n e a s i l y r e c o v e r t h e e n e r g y b y s e n d i n g t h e c h a r g i n g c u r r e n t b a c k t o b a t t e r i e s i n a c o n t r o l l e d p r o c e s s , t h e r e b y r e s u l t i n g i n t h e r e d u c t i o n o f o p e r a t i n g c o s t s R e q u e s t f o r a P D F s a m p l e o f t h i s r e p o r t : h t t p s : / / w w w. i m a r c g r o u p . c o m / e l e c t r i c - t r u c k - m a r k e t / r e q u e s t s a m p l e Report Description G l o b a l E l e c t r i c Tr u c k M a r k e t Tr e n d s : T h e g l o b a l m a r k e t i s p r i m a r i l y d r i v e n b y a n e n h a n c e d f o c u s o n s u s t a i n a b l e d e v e l o p m e n t a m o n g t h e m a s s e s T h i s h a s l e d t o t h e i n c r e a s i n g i n v e s t m e n t s b y l e a d i n g p l a y e r s i n l a u n c h i n g l i g h t w e i g h t v a r i a n t s o f e l e c t r i c t r u c k s t o r e d u c e v e h i c u l a r e m i s s i o n s w h i l e e n h a n c i n g t h e o v e r a l l e f f i c i e n c y B e s i d e s t h i s , t h e r i s i n g f u n d i n g a c t i v i t i e s b y p r i v a t e a n d p u b l i c a g e n c i e s f o r b u i l d i n g e l e c t r i c v e h i c l e ( E V ) c h a r g i n g s t a t i o n s a r e p r o p e l l i n g t h e m a r k e t g r o w t h M o r e o v e r, n u m e r o u s i n i t i a t i v e s u n d e r t a k e n b y t h e g o v e r n m e n t o f m u l t i p l e c o u n t r i e s f o r p r o m o t i n g t h e a d o p t i o n o f e - m o b i l i t y t o c o n t r o l t h e p o l l u t i o n l e v e l s a r e c r e a t i n g a p o s i t i v e m a r k e t o u t l o o k F u r t h e r m o r e , t h e g r o w i n g d e m a n d f o r l o g i s t i c s a n d f r e i g h t s , a l o n g w i t h t h e e x p a n d i n g i n f r a s t r u c t u r a l d e v e l o p m e n t p r o j e c t s a c r o s s d e v e l o p i n g e c o n o m i e s a r e a c t i n g a s o t h e r m a j o r g r o w t h - i n d u c i n g f a c t o r s O t h e r f a c t o r s , i n c l u d i n g r a p i d i n d u s t r i a l i z a t i o n , s i g n i f i c a n t i m p r o v e m e n t s i n t h e a u t o m o t i v e a n d e - c o m m e r c e s e c t o r s , c o n t i n u o u s p r o d u c t i n n o v a t i o n s a n d e x t e n s i v e r e s e a r c h a n d d e v e l o p m e n t ( R & D ) a c t i v i t i e s c o n d u c t e d b y k e y p l a y e r s , a r e a l s o p o s i t i v e l y i n f l u e n c i n g t h e p r o d u c t d e m a n d L o o k i n g f o r w a r d , t h e m a r k e t i s a n t i c i p a t e d t o r e a c h a v a l u e o f U S $ 6 , 0 0 7 2 M i l l i o n b y 2 0 3 2 , e x h i b i t i n g a C AG R o f 2 6 7 % d u r i n g 2 0 2 4 - 2 0 3 2 V i e w R e p o r t T O C , F i g u r e s a n d Ta b l e s : h t t p s : / / w w w i m a r c g r o u p c o m / e l e c t r i c - t r u c k - m a r k e t Report Segmentation B r e a ku p b y Ve h i c l e Ty p e : • L i g h t - d u t y Tr u c k • M e d i u m - d u t y Tr u c k • H e av y - d u t y Tr u c k B r e a ku p b y P r o p u l s i o n : • B a tte r y E l e c t r i c Tr u c k • H y b r i d E l e c t r i c Tr u c k • P l u g - i n H y b r i d E l e c t r i c Tr u c k • F u e l C e l l E l e c t r i c Tr u c k B r e a ku p b y R a n ge : • 0 - 1 5 0 M i l e s • 1 5 1 - 3 0 0 M i l e s • A b o v e 3 0 0 M i l e s Report Segmentation B r e a ku p b y A p p l i cat i o n : • L o g i st i c s • M u n i c i p a l • C o n st r u c t i o n • M i n i n g • O t h e rs B r e a ku p b y Re g i o n : • N o r t h A m e r i c a • A s i a - Pa c i f i c • E u ro p e • L a t i n A m e r i c a • M i d d l e Ea st a n d A f r i c a Competitive Landscape with Key Players • Vo l v o G ro u p • BY D C o m p a ny Ltd . • M e rc e d e s - B e n z G ro u p A G • C h i n a FAW G ro u p C o . Ltd . • I s u zu M o to rs Ltd . • N av i s ta r I n c . • PA C C A R I n c . • R i v i a n A u to m o t i ve I n c . • Vo l ks w a g e n A G • Ta ta M o to rs L i m i te d • Te s l a I n c . • Tev va M o to rs L i m i te d Key Questions Answered in the Report What was the size of the global electric truck market in 2023? What is the expected growth rate of the global electric truck market during 2024 - 2032? What are the key factors driving the global electric truck market? What has been the impact of COVID - 19 on the global electric truck market? What is the breakup of the global electric truck market based on the vehicle type? What is the breakup of the global electric truck market based on the propulsion? Key Questions Answered in the Report What is the breakup of the global electric truck market based on the range? What is the breakup of the global electric truck market based on the application? What are the key regions in the global electric truck market? Who are the key players/companies in the global electric truck market? Table of Contents 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w 4 . 2 K e y I n d u s t r y T r e n d s 5 G l o b a l E l e c t r i c T r u c k M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y V e h i c l e T y p e 6 . 1 L i g h t - d u t y T r u c k 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 M e d i u m - d u t y T r u c k 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 6 . 3 H e a v y - d u t y T r u c k 6 . 3 . 1 M a r k e t T r e n d s 6 . 3 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y P r o p u l s i o n Table of Contents 7 . 1 B a t t e r y E l e c t r i c T r u c k 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 H y b r i d E l e c t r i c T r u c k 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 7 . 3 P l u g - i n H y b r i d E l e c t r i c T r u c k 7 . 3 . 1 M a r k e t T r e n d s 7 . 3 . 2 M a r k e t F o r e c a s t 7 . 4 F u e l C e l l E l e c t r i c T r u c k 7 . 4 . 1 M a r k e t T r e n d s 7 . 4 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y R a n g e 8 . 1 0 - 1 5 0 M i l e s 8 . 1 . 1 M a r k e t T r e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 1 5 1 - 3 0 0 M i l e s 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 8 . 3 A b o v e 3 0 0 M i l e s 8 . 3 . 1 M a r k e t T r e n d s 8 . 3 . 2 M a r k e t F o r e c a s t 9 M a r k e t B r e a k u p b y A p p l i c a t i o n 9 . 1 L o g i s t i c s 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : h t t p s : / / w w w . i m a r c g r o u p . c o m / e l e c t r i c - t r u c k - m a r k e t / t o c Disclaimer © 2 0 2 3 I M AR C Al l R i g h t s R e s e r v e d T h i s P u b l i c a t i o n a n d a l l i t ’ s c o n t e n t s u n l e s s o t h e r w i s e m e n t i o n e d a r e c o p y r i g h t e d i n t h e n a m e o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g ( I M A R C ) N o p a r t o f t h i s p u b l i c a t i o n m a y b e r e p r o d u c e d , r e p a c k a g e d , r e d i s t r i b u t e d o r r e s o l d i n w h o l e o r i n a n y p a r t T h e p u b l i c a t i o n m a y a l s o n o t b e u s e d i n a n y f o r m o r b y a n d m e a n s g r a p h i c e l e c t r o n i c o r m e c h a n i c a l , i n c l u d i n g p h o t o c o p y i n g , r e c o r d i n g , t a p i n g o r b y i n f o r m a t i o n s t o r a g e o r r e t r i e v a l , o r b y a n y o t h e r f o r m , w i t h o u t t h e e x p r e s s c o n s e n t o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g ( I M A R C ) D i s c l a i m e r : A l l c o n t e n t s a n d d a t a o f t h i s p u b l i c a t i o n , i n c l u d i n g f o r e c a s t s , d a t a a n a l y s i s a n d o p i n i o n h a v e b e e n b a s e d o n i n f o r m a t i o n a n d s o u r c e s b e l i e v e d t o b e a c c u r a t e a n d r e l i a b l e a t t h e t i m e o f p u b l i s h i n g I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g m a k e s n o r e p r e s e n t a t i o n o f w a r r a n t y o f a n y k i n d a s t o t h e a c c u r a c y o r c o m p l e t e n e s s o f a n y I n f o r m a t i o n p r o v i d e d I M A R C a c c e p t s n o l i a b i l i t y w h a t s o e v e r f o r a n y l o s s o r d a m a g e r e s u l t i n g f r o m o p i n i o n , e r r o r s o r i n a c c u r a c i e s i f a n y f o u n d t h i s p u b l i c a t i o n I M A R C , I M A R C G r o u p a n d G l o b a l T h e r a p y I n s i g h t S e r i e s a r e r e g i s t e r e d t r a d e m a r k s o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g A l l o t h e r t r a d e m a r k s u s e d i n t h i s p u b l i c a t i o n a r e r e g i s t e r e d t r a d e m a r k s o f t h e i r r e s p e c t i v e c o m p a n i e s Contact Us Visit us at : https://www.imarcgroup.com TELEPHONE: +1 - 631 - 791 - 1145 E - MAIL: sales@imarcgroup.com