Electric Trucks Market Size, Share, Growth, Forecast by 2028

    Electric Trucks Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Propulsion (BEV, PHEV, and FCV), Vehicle Type (LCV and Medium & HCV), Range (Less than 200 Miles and More than 200 Miles), Level of Automation (Semi-Autonomous and Fully Autonomous)

    Publication Month: Jun 2022 | Report Code: TIPRE00025913 | No. of Pages: 180 | Category: Automotive and Transportation | Status: Published

    The electric trucks market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028; it is estimated to grow at a CAGR of 29.4% from 2022 to 2028.

    The global automotive sector is undergoing a paradigm shift with a gradual switch to alternative/less energy-intensive solutions. The rising cost of oil, elevating levels of pollution, and international pledges to tackle global climate change are accelerating the transition to e-mobility.

    Strategic Insights

    Recent major developments in the electric trucks market:

    • In August 2021, Volvo Trucks acquired a heavy-duty truck manufacturing facility of JMC Heavy Duty Vehicle Co., Ltd., a subsidiary of Jiangling Motors Co., Ltd., in China. The acquisition also includes a production facility in Taiyuan, Shanxi Province, China. The goal is to begin the manufacturing of new heavy-duty Volvo FH, Volvo FM, and Volvo FMX trucks in Taiyuan by the end of 2022 for customers in China.
    • In September 2021, BYD unveiled two revolutionary battery-electric heavy-duty trucks at ACT Expo in California. The trucks come standard with Advanced Driver-Assistance Systems (ADAS), making driving easier and safer.

    Based on propulsion, the electric trucks market is segmented into BEV, PHEV, and FCEV. In 2021, The BEV segment led the market with the largest share. Based on vehicle, the electric trucks market is categorized into LCV, and Medium and HCV. In 2021, the LCV segment led the market with a larger share. Based on range, the electric trucks market is bifurcated into less than 200 miles and more than 200 miles. In 2021, the more than 200 Miles segment accounted for a larger share of the market. Based on the level of automation, the electric trucks market is segmented into semi-autonomous and fully autonomous. In 2021, the semi-autonomous segment led the market with a larger share. By geography, the electric trucks market is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, Europe accounted for a significant share of the market

    Impact of COVID-19 Pandemic on Electric trucks Market

    In 2020, the COVID-19 pandemic hampered the electric trucks market growth due to the decline in the automotive production. COVID-19 has had varying degrees of impact on EV marketplaces in different regions. Many EV OEMs are attempting to build online business models and contactless selling channels in response to the social distancing trend and consumers' unwillingness to avoid crowds during purchases. Nonetheless, due to the demand boom following COVID, new EV plant construction plans have been set through 2020. However, in the first three quarters of 2020, none of the newly established EV factories was placed into operation due to COVID-19.

    Lucrative Regions for Electric trucks Market

    Lucrative Regions for Electric trucks Market

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    Market Insights – Electric trucks Market
    Rising Adoption of Sustainable Mobility

    The rising adoption of sustainable mobility is encouraging the introduction of electric trucks (including such as longer-range battery-electric and fuel-cell electric trucks) and other electric vehicles for demanding and heavy long-haul operations. Electric trucks fueled by hydrogen fuel cells are expected to be made available during 2022–2028. To lessen the impact of climate on transportation, a rapid transition from fossil fuels to alternatives such as electricity is required. As a result, most transportation businesses are likely to transition to electric vehicles in stages. During the transition, many of them will have a mixed fleet of trucks fueled by different fuels.

    Electric mobility will enable energy savings through more efficient and cleaner transport, thus allowing governments to achieve the Sustainable Development Goals (SDGs) laid by the United Nations. Electric trucks, like other electric vehicles, will assist to cut tailpipe pollution, reduce reliance on fossil fuels, promote community health, providing energy security, and improving employment and upskilling opportunities. Combining electric mobility goals with renewable energy goals will help to further decarbonize the transportation industry. Businesses and government agencies in Europe as well as developing regions may play a big role in decreasing global greenhouse gas emissions and boosting electric truck adoption by providing EV charging infrastructure and migrating fleet vehicles to electric trucks.

    Propulsion-Based Insights

    Based on propulsion, the electric trucks market is segmented into BEV, FCV, and PHEV. The BEV segment accounted for the largest market share in 2021. Battery-powered electric trucks are expected to contribute notably to the market growth. Manufacturers such as Volvo and Navistar are leveraging their technology capabilities, shortening the development cycle for BEVs, and focusing on a fast time-to-market. The increasing battery life and energy density, and a drop in battery prices are likely to boost the electric trucks market for the BEV segment.

    Vehicle-Based Insights

    Based on vehicle type, the electric trucks market is bifurcated into LCVs and medium & HCVs. The LCV segment led the market with a larger market share in 2021. Automakers and allied powertrain component suppliers are embracing an electric, clean, and sustainable future. By creating new paradigms from the initial stages, several OEMs are changing traditional ways of establishing LCV platforms. Many significant OEMs are developing specific eLCV platforms. In the meanwhile, the increasing demand for a high degree of customization by fleet managers and the introduction of new services-based models are benefitting the LCV industry.

    Range-Based Insights

    Based on range, the electric trucks market is segmented into less than 200 miles and more than 200 miles. The more than 200 miles segment led the market with a larger share in 2021. Longer-range commercial vehicles dominate the global market due to large preferences among end users.

    Automation-Based Insights

    Based on the level of automation, the electric trucks market is segmented into semi-autonomous and fully autonomous. Semi-autonomous electric trucks hold a larger share of the market. However, fully autonomous trucks are expected to dominate the market in the coming years due to the increasing adoption of automation across all industries and the evolution of technologies allowing complete functioning for self-driving trucks.

    Based on the electric trucks market report, players operating in the market are mainly focused on new product launches.

    • In early 2021, Volvo Trucks introduced the new Volvo FM electric truck model. This model, with new automated features, offers enhanced visibility for drivers and an integrated electronically controlled brake system.
    • In August 2021, Navistar announced the launch of its new fully electric international eMV Series trucks. The eMV trucks are designed to combine medium-duty truck experience with zero emissions and deliver a fully integrated electrified powertrain solution.

    Frequently Asked Questions

    Government initiatives and stringent emission rules to boost the electric trucks growth and surge in global production and sales of EVs are driving the growth of the electric trucks market.
    Smart charging and connected infrastructure is presenting significant potential for the future growth of the electric trucks market players.
    Based on type, the electric trucks market is bifurcated into BEV, PHEV, and FCV. In 2021, the BEV segment led the electric trucks market, accounting for the largest share in the market.
    Europe is the fastest growing region in the global electric trucks market.
    The major five companies in the electric trucks market include Tesla, Volvo, Daimler, BYD and Navister.
    The incremental growth of the electric trucks market during the forecast period is US$ 21950.36 million.

    1. Introduction

    1.1 Scope of the Study

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 Global Electric Trucks Market – By Propulsion

    1.3.2 Global Electric Trucks Market – By Vehicle Type

    1.3.3 Global Electric Trucks Market – By Range

    1.3.4 Global Electric Trucks Market – By Level of Automation

    1.3.5 Global Electric Trucks Market – By Geography

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Electric Trucks Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. Electric Trucks Market - Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Government Initiatives and Stringent Emission Rules to Boost the Electric Trucks Growth

    5.1.2 Surge in Global Production and Sales of EVs

    5.2 Market Restraints

    5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV) is Flourishing the Growth for Diesel Powertrain

    5.3 Market Opportunities

    5.3.1 Manufacturing of Self-Driving Truck Technology

    5.4 Future Trends

    5.4.1 Smart Charging and Connected Infrastructure

    5.5 Impact Analysis of Drivers and Restraints

    6. Electric Trucks Market – Global Market Analysis

    6.1 Electric Trucks Market Global Overview

    6.2 Global Electric Trucks Market Forecast and Analysis

    6.3 Market Positioning- Top Five Players

    7. Electric Trucks Market Revenue and Forecast to 2028 – Type

    7.1 Overview

    7.2 Electric Trucks Market, By Propulsion Type (2021 and 2028)

    7.3 BEV

    7.3.1 Overview

    7.3.2 BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    7.4 PHEV

    7.4.1 Overview

    7.4.2 PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    7.5 FCV

    7.5.1 Overview

    7.5.2 FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    8. Electric Trucks Market – By Vehicle Type

    8.1 Overview

    8.2 Electric Trucks Market, By Vehicle Type (2021 and 2028)

    8.3 LCV

    8.3.1 Overview

    8.3.2 LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Medium and HCV

    8.4.1 Overview

    8.4.2 Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    9. Electric Trucks Market – By Range

    9.1 Overview

    9.2 Electric Trucks Market, By Range (2021 and 2028)

    9.3 Less than 200 miles

    9.3.1 Overview

    9.3.2 Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    9.4 More than 200 miles

    9.4.1 Overview

    9.4.2 More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    10. Electric Trucks Market – By Level of Automation

    10.1 Overview

    10.2 Electric Trucks Market, By Level of Automation (2021 and 2028)

    10.3 Semi-Autonomous

    10.3.1 Overview

    10.3.2 Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    10.4 Fully-Autonomous

    10.4.1 Overview

    10.4.2 Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11. Electric Trucks Market – Geographic Analysis

    11.1 Overview

    11.2 North America: Electric Trucks Market

    11.2.1 North America: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.2.2 North America: Electric Trucks Market, By Propulsion Type

    11.2.3 North America: Electric Trucks Market, By Vehicle Type

    11.2.4 North America: Electric Trucks Market, By Range

    11.2.5 North America: Electric Trucks Market, By Level of Automation

    11.2.6 North America: Electric Trucks Market, by Key Country

    11.2.6.1 US: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.2.6.1.1 US: Electric Trucks Market, By Propulsion Type

    11.2.6.1.2 US: Electric Trucks Market, By Vehicle Type

    11.2.6.1.3 US: Electric Trucks Market, By Level of Automation

    11.2.6.2 Canada: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.2.6.2.1 Canada: Electric Trucks Market, By Propulsion Type

    11.2.6.2.2 Canada: Electric Trucks Market, By Vehicle Type

    11.2.6.2.3 Canada: Electric Trucks Market, By Level of Automation

    11.2.6.3 Mexico: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.2.6.3.1 Mexico: Electric Trucks Market, By Propulsion Type

    11.2.6.3.2 Mexico: Electric Trucks Market, By Vehicle Type

    11.2.6.3.3 Mexico: Electric Trucks Market, By Range

    11.2.6.3.4 Mexico: Electric Trucks Market, By Level of Automation

    11.3 Europe: Electric Trucks Market

    11.3.1 Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.2 Europe: Electric Trucks Market, By Propulsion Type

    11.3.3 Europe: Electric Trucks Market, By Vehicle Type

    11.3.4 Europe: Electric Trucks Market, By Range

    11.3.5 Europe: Electric Trucks Market, By Level of Automation

    11.3.6 Europe: Electric Trucks Market, by Key Country

    11.3.6.1 Germany: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.1.1 Germany: Electric Trucks Market, By Propulsion Type

    11.3.6.1.2 Germany: Electric Trucks Market, By Vehicle Type

    11.3.6.1.3 Germany: Electric Trucks Market, By Range

    11.3.6.1.4 Germany: Electric Trucks Market, By Level of Automation

    11.3.6.2 France: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.2.1 France: Electric Trucks Market, By Propulsion Type

    11.3.6.2.2 France: Electric Trucks Market, By Vehicle Type

    11.3.6.2.3 France: Electric Trucks Market, By Range

    11.3.6.2.4 France: Electric Trucks Market, By Level of Automation

    11.3.6.3 Italy: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.3.1 Italy: Electric Trucks Market, By Propulsion Type

    11.3.6.3.2 Italy: Electric Trucks Market, By Vehicle Type

    11.3.6.3.3 Italy: Electric Trucks Market, By Range

    11.3.6.3.4 Italy: Electric Trucks Market, By Level of Automation

    11.3.6.4 UK: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.4.1 UK: Electric Trucks Market, By Propulsion Type

    11.3.6.4.2 UK: Electric Trucks Market, By Vehicle Type

    11.3.6.4.3 UK: Electric Trucks Market, By Range

    11.3.6.4.4 UK: Electric Trucks Market, By Level of Automation

    11.3.6.5 Russia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.5.1 Russia: Electric Trucks Market, By Propulsion Type

    11.3.6.5.2 Russia: Electric Trucks Market, By Vehicle Type

    11.3.6.5.3 Russia: Electric Trucks Market, By Range

    11.3.6.5.4 Russia: Electric Trucks Market, By Level of Automation

    11.3.6.6 Rest of Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.3.6.6.1 Rest of Europe: Electric Trucks Market, By Propulsion Type

    11.3.6.6.2 Rest of Europe: Electric Trucks Market, By Vehicle Type

    11.3.6.6.3 Rest of Europe: Electric Trucks Market, By Range

    11.3.6.6.4 Rest of Europe: Electric Trucks Market, By Level of Automation

    11.4 APAC: Electric Trucks Market

    11.4.1 APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.2 APAC: Electric Trucks Market, By Propulsion Type

    11.4.3 APAC: Electric Trucks Market, By Vehicle Type

    11.4.4 APAC: Electric Trucks Market, By Range

    11.4.5 APAC: Electric Trucks Market, By Level of Automation

    11.4.6 APAC: Electric Trucks Market, by Key Country

    11.4.6.1 Australia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.1.1 Australia: Electric Trucks Market, By Propulsion Type

    11.4.6.1.2 Australia: Electric Trucks Market, By Vehicle Type

    11.4.6.1.3 Australia: Electric Trucks Market, By Range

    11.4.6.1.4 Australia: Electric Trucks Market, By Level of Automation

    11.4.6.2 China: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.2.1 China: Electric Trucks Market, By Propulsion Type

    11.4.6.2.2 China: Electric Trucks Market, By Vehicle Type

    11.4.6.2.3 China: Electric Trucks Market, By Range

    11.4.6.2.4 China: Electric Trucks Market, By Level of Automation

    11.4.6.3 India: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.3.1 India: Electric Trucks Market, By Propulsion Type

    11.4.6.3.2 India: Electric Trucks Market, By Vehicle Type

    11.4.6.3.3 India: Electric Trucks Market, By Range

    11.4.6.3.4 India: Electric Trucks Market, By Level of Automation

    11.4.6.4 Japan: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.4.1 Japan: Electric Trucks Market, By Propulsion Type

    11.4.6.4.2 Japan: Electric Trucks Market, By Vehicle Type

    11.4.6.4.3 Japan: Electric Trucks Market, By Range

    11.4.6.4.4 Japan: Electric Trucks Market, By Level of Automation

    11.4.6.5 South Korea: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.5.1 South Korea: Electric Trucks Market, By Propulsion Type

    11.4.6.5.2 South Korea: Electric Trucks Market, By Vehicle Type

    11.4.6.5.3 South Korea: Electric Trucks Market, By Range

    11.4.6.5.4 South Korea: Electric Trucks Market, By Level of Automation

    11.4.6.6 Rest of APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.4.6.6.1 Rest of APAC: Electric Trucks Market, By Propulsion Type

    11.4.6.6.2 Rest of APAC: Electric Trucks Market, By Vehicle Type

    11.4.6.6.3 Rest of APAC: Electric Trucks Market, By Range

    11.4.6.6.4 Rest of APAC: Electric Trucks Market, By Level of Automation

    11.5 MEA: Electric Trucks Market

    11.5.1 MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.5.2 MEA: Electric Trucks Market, By Propulsion Type

    11.5.3 MEA: Electric Trucks Market, By Vehicle Type

    11.5.4 MEA: Electric Trucks Market, By Range

    11.5.5 MEA: Electric Trucks Market, By Level of Automation

    11.5.6 MEA: Electric Trucks Market, by Key Country

    11.5.6.1 South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.5.6.1.1 South Africa: Electric Trucks Market, By Propulsion Type

    11.5.6.1.2 South Africa: Electric Trucks Market, By Vehicle Type

    11.5.6.1.3 South Africa: Electric Trucks Market, By Range

    11.5.6.1.4 South Africa: Electric Trucks Market, By Level of Automation

    11.5.6.2 Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.5.6.2.1 Saudi Arabia: Electric Trucks Market, By Propulsion Type

    11.5.6.2.2 Saudi Arabia: Electric Trucks Market, By Vehicle Type

    11.5.6.2.3 Saudi Arabia: Electric Trucks Market, By Range

    11.5.6.2.4 Saudi Arabia: Electric Trucks Market, By Level of Automation

    11.5.6.3 UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.5.6.3.1 UAE: Electric Trucks Market, By Propulsion Type

    11.5.6.3.2 UAE: Electric Trucks Market, By Vehicle Type

    11.5.6.3.3 UAE: Electric Trucks Market, By Range

    11.5.6.3.4 UAE: Electric Trucks Market, By Level of Automation

    11.5.6.4 Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.5.6.4.1 Rest of MEA: Electric Trucks Market, By Propulsion Type

    11.5.6.4.2 Rest of MEA: Electric Trucks Market, By Vehicle Type

    11.5.6.4.3 Rest of MEA: Electric Trucks Market, By Range

    11.5.6.4.4 Rest of MEA: Electric Trucks Market, By Level of Automation

    11.6 SAM: Electric Trucks Market

    11.6.1 SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.6.2 SAM: Electric Trucks Market, By Propulsion Type

    11.6.3 SAM: Electric Trucks Market, By Vehicle Type

    11.6.4 SAM: Electric Trucks Market, By Range

    11.6.5 SAM: Electric Trucks Market, By Level of Automation

    11.6.6 SAM: Electric Trucks Market, by Key Country

    11.6.6.1 Brazil: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.6.6.1.1 Brazil: Electric Trucks Market, By Propulsion Type

    11.6.6.1.2 Brazil: Electric Trucks Market, By Vehicle Type

    11.6.6.1.3 Brazil: Electric Trucks Market, By Range

    11.6.6.1.4 Brazil: Electric Trucks Market, By Level of Automation

    11.6.6.2 Argentina: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.6.6.2.1 Argentina: Electric Trucks Market, By Propulsion Type

    11.6.6.2.2 Argentina: Electric Trucks Market, By Vehicle Type

    11.6.6.2.3 Argentina: Electric Trucks Market, By Range

    11.6.6.2.4 Argentina: Electric Trucks Market, By Level of Automation

    11.6.6.3 Rest of SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    11.6.6.3.1 Rest of SAM: Electric Trucks Market, By Propulsion Type

    11.6.6.3.2 Rest of SAM: Electric Trucks Market, By Vehicle Type

    11.6.6.3.3 Rest of SAM: Electric Trucks Market, By Range

    11.6.6.3.4 Rest of SAM: Electric Trucks Market, By Level of Automation

    12. Impact of COVID-19 Pandemic on Electric Trucks Market

    12.1 Overview

    12.2 North America: Impact Assessment of COVID-19 Pandemic

    12.3 Europe: Impact Assessment of COVID-19 Pandemic

    12.4 APAC: Impact Assessment of COVID-19 Pandemic

    12.5 MEA: Impact Assessment of COVID-19 Pandemic

    12.6 SAM: Impact Assessment of COVID-19 Pandemic

    13. Industry Landscape

    13.1 Market Initiative

    13.2 New Development

    14. Company Profile

    14.1 AB Volvo

    14.1.1 Key Facts

    14.1.2 Business Description

    14.1.3 Products and Services

    14.1.4 Financial Overview

    14.1.5 SWOT Analysis

    14.1.6 Key Developments

    14.2 BYD Company Ltd

    14.2.1 Key Facts

    14.2.2 Business Description

    14.2.3 Products and Services

    14.2.4 Financial Overview

    14.2.5 SWOT Analysis

    14.2.6 Key Developments

    14.3 Daimler AG

    14.3.1 Key Facts

    14.3.2 Business Description

    14.3.3 Products and Services

    14.3.4 Financial Overview

    14.3.5 SWOT Analysis

    14.3.6 Key Developments

    14.4 FAW Group Co.,Ltd.

    14.4.1 Key Facts

    14.4.2 Business Description

    14.4.3 Products and Services

    14.4.4 Financial Overview

    14.4.5 SWOT Analysis

    14.4.6 Key Developments

    14.5 Navistar, Inc.

    14.5.1 Key Facts

    14.5.2 Business Description

    14.5.3 Products and Services

    14.5.4 Financial Overview

    14.5.5 SWOT Analysis

    14.5.6 Key Developments

    14.6 PACCAR Inc.

    14.6.1 Key Facts

    14.6.2 Business Description

    14.6.3 Products and Services

    14.6.4 Financial Overview

    14.6.5 SWOT Analysis

    14.6.6 Key Developments

    14.7 Proterra Inc.

    14.7.1 Key Facts

    14.7.2 Business Description

    14.7.3 Products and Services

    14.7.4 Financial Overview

    14.7.5 SWOT Analysis

    14.7.6 Key Developments

    14.8 Rivian

    14.8.1 Key Facts

    14.8.2 Business Description

    14.8.3 Products and Services

    14.8.4 Financial Overview

    14.8.5 SWOT Analysis

    14.8.6 Key Developments

    14.9 Scania

    14.9.1 Key Facts

    14.9.2 Business Description

    14.9.3 Products and Services

    14.9.4 Financial Overview

    14.9.5 SWOT Analysis

    14.9.6 Key Developments

    14.10 Tesla, Inc.

    14.10.1 Key Facts

    14.10.2 Business Description

    14.10.3 Products and Services

    14.10.4 Financial Overview

    14.10.5 SWOT Analysis

    14.10.6 Key Developments

    15. Appendix

    15.1 About The Insight Partners

    15.2 Glossary


    LIST OF TABLES

    Table 1. Global Electric Trucks Market, Revenue and Forecast, 2019–2028 (US$ Million)

    Table 2. North America: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 3. North America: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 4. North America: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 5. North America: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 6. North America: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 7. US: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 8. US: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 9. US: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 10. US: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 11. Canada: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 12. Canada: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 13. Canada: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 14. Canada: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 15. Mexico: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 16. Mexico: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 17. Mexico: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 18. Mexico: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 19. Europe: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 20. Europe: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 21. Europe: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 22. Europe: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 23. Europe: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 24. Germany: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 25. Germany: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 26. Germany: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 27. Germany: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 28. France: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 29. France: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 30. France: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 31. France: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 32. Italy: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 33. Italy: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 34. Italy: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 35. Italy: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 36. UK: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 37. UK: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 38. UK: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 39. UK: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 40. Russia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 41. Russia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 42. Russia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 43. Russia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 44. Rest of Europe: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 45. Rest of Europe: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 46. Rest of Europe: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 47. Rest of Europe: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 48. APAC: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 49. APAC: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 50. APAC: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 51. APAC: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 52. APAC: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 53. Australia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 54. Australia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 55. Australia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 56. Australia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 57. China: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 58. China: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 59. China: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 60. China: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 61. India: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 62. India: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 63. India: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 64. India: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 65. Japan: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 66. Japan: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 67. Japan: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 68. Japan: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 69. South Korea: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 70. South Korea: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 71. South Korea: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 72. South Korea: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 73. Rest of APAC: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 74. Rest of APAC: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 75. Rest of APAC: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 76. Rest of APAC: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 77. MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 78. MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 79. MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 80. MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 81. MEA: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 82. South Africa: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 83. South Africa: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 84. South Africa: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 85. South Africa: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 86. Saudi Arabia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 87. Saudi Arabia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 88. Saudi Arabia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 89. Saudi Arabia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 90. UAE: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 91. UAE: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 92. UAE: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 93. UAE: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 94. Rest of MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 95. Rest of MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 96. Rest of MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 97. Rest of MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 98. SAM: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 99. SAM: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 100. SAM: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 101. SAM: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 102. SAM: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 103. Brazil: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 104. Brazil: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 105. Brazil: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 106. Brazil: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 107. Argentina: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 108. Argentina: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 109. Argentina: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 110. Argentina: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 111. Rest of SAM: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

    Table 112. Rest of SAM: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

    Table 113. Rest of SAM: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)

    Table 114. Rest of SAM: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)

    Table 115. Glossary of Terms, Electric Trucks Market


    LIST OF FIGURES

    Figure 1. Electric Trucks Market Segmentation

    Figure 2. Electric Trucks Market Segmentation – Geography

    Figure 3. Electric Trucks Market Overview

    Figure 4. Electric Trucks Market, By Propulsion

    Figure 5. Electric Trucks Market, By Vehicle Type

    Figure 6. Electric Trucks Market, By Range

    Figure 7. Electric Trucks Market, By Level of Automation

    Figure 8. Electric Trucks Market, By Region

    Figure 9. North America: PEST Analysis

    Figure 10. Europe: PEST Analysis

    Figure 11. APAC: PEST Analysis

    Figure 12. MEA: PEST Analysis

    Figure 13. SAM: PEST Analysis

    Figure 14. Electric Trucks Market Ecosystem Analysis

    Figure 15. Expert Opinion

    Figure 16. Electric Trucks Market: Impact Analysis of Drivers and Restraints

    Figure 17. Geographic Overview of Electric Trucks Market

    Figure 18. Global Electric Trucks Market, Forecast and Analysis (US$ Million)

    Figure 19. Market Positioning- Top Five Players

    Figure 20. Electric Trucks Market Revenue Share, By Propulsion Type (2021 and 2028)

    Figure 21. BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 22. PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 23. FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 24. Electric Trucks Market Revenue Share, By Vehicle Type (2021 and 2028)

    Figure 25. LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 26. Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. Electric Trucks Market Revenue Share, By Range (2021 and 2028)

    Figure 28. Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 29. More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 30. Electric Trucks Market Revenue Share, By Level of Automation (2021 and 2028)

    Figure 31. Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 32. Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 33. Global Electric Trucks Market Revenue Share, By Region (2021 & 2028)

    Figure 34. North America: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 35. North America: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)

    Figure 36. North America: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)

    Figure 37. North America: Electric Trucks Market Revenue Share, By Range (2021 & 2028)

    Figure 38. North America: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)

    Figure 39. North America: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)

    Figure 40. US: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 41. Canada: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 42. Mexico: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 43. Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 44. Europe: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)

    Figure 45. Europe: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)

    Figure 46. Europe: Electric Trucks Market Revenue Share, By Range (2021 & 2028)

    Figure 47. Europe: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)

    Figure 48. Europe: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)

    Figure 49. Germany: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. France: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 51. Italy: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 52. UK: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 53. Russia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 54. Rest of Europe: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 55. APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 56. APAC: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)

    Figure 57. APAC: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)

    Figure 58. APAC: Electric Trucks Market Revenue Share, By Range (2021 & 2028)

    Figure 59. APAC: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)

    Figure 60. APAC: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)

    Figure 61. Australia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 62. China: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 63. India: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 64. Japan: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 65. South Korea: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 66. Rest of APAC: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 67. MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 68. MEA: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)

    Figure 69. MEA: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)

    Figure 70. MEA: Electric Trucks Market Revenue Share, By Range (2021 & 2028)

    Figure 71. MEA: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)

    Figure 72. MEA: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)

    Figure 73. South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 74. Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 75. UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 76. Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 77. SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 78. SAM: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)

    Figure 79. SAM: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)

    Figure 80. SAM: Electric Trucks Market Revenue Share, By Range (2021 & 2028)

    Figure 81. SAM: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)

    Figure 82. SAM: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)

    Figure 83. Brazil: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 84. Argentina: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 85. Rest of SAM: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 86. Impact of COVID-19 Pandemic on North American Country Markets

    Figure 87. Impact of COVID-19 Pandemic on European Country Markets

    Figure 88. Impact of COVID-19 Pandemic on APAC Country Markets

    Figure 89. Impact of COVID-19 Pandemic on MEA Country Markets

    Figure 90. Impact of COVID-19 Pandemic on SAM Country Markets

    The List of Companies - Electric Trucks Market

    1. AB Volvo
    2. BYD Company Ltd
    3. Daimler AG
    4. FAW Group Co.,Ltd.
    5. Navistar, Inc.
    6. PACCAR Inc.
    7. Proterra Inc.
    8. Rivian
    9. Scania
    10. Tesla, Inc.
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global electric trucks market.
    • Highlights key business priorities in order to assist companies to realign their business strategies
    • The key findings and recommendations highlight crucial progressive industry trends in the global electric trucks market, thereby allowing players across the value chain to develop effective long-term strategies
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
    • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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