Heavy Duty Truck Electrification Market to 2027 - Global Analysis and Forecast by Components (Electric Pumps, Electric Power Steering, Liquid Heater PTC, Electric Air Conditioner Compressor, Actuator, Alternator, Others); Powertrain Type (Fully Electric, Hybrid, Fuel Cell, Internal Combustion Engine (ICE))

Publication Month: Jan 2020 | Report Code: TIPRE00007926 | No. of Pages: 147 | Category: Automotive and Transportation | Status: Published

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The heavy duty truck electrification market accounted to US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 25.5 Bn by 2027.

 

Geographically, the heavy duty truck electrification market is segmented into North America, APAC, Europe, MEA, and SAM. Asia Pacific led the heavy duty truck electrification market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. The government bodies of India and China has implemented a proposal wherein they would catalyze the company costs on the production of electric vehicles, which reduces the emission substantially. The government is offering to invest hugely to scale up EV production and sales.

North America is the second-largest market in the heavy duty truck electrification market. Apart from APAC and North America, Europe remains at the third-largest geographic segment in the heavy duty truck electrification market. Some of the major truck manufacturers in Europe have been testing electric delivery trucks that would be commercialized in the coming years. These electric delivery trucks are driven with better driver comfort, the lower total cost of ownership, tightening CO2 regulations, and better air quality action in cities. The implementations of electric vehicles have witnessed at a rapid pace in the European region.


Lucrative Regional Heavy Duty Truck Electrification Market

Lucrative Regional Heavy Duty Truck Electrification Market

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Market Insights

Less penetration of electric powertrain in HCVs is experiencing the growth for the diesel powertrain

in relation to charging infrastructure, it is anticipated that early adopters of electric trucks will mostly charge their trucks overnight at their own warehouses or depots. Thus, reducing the dependence on public charging infrastructure. Bigger battery sizes would be demanded to meet the daily range of truck travel. Once electric trucks become common in the near-decade, the roll-out of charging infrastructure is expected along the highways and distribution centers to help aid at refueling during the long haul. This factor is subsequently anticipated to encourage the heavy duty truck electrification market growth during the forecast period.


The emergence of fully electric truck

Introduction of fully electric trucks might help the truck manufacturers to produce more electric components. Electric and hybrid axles are becoming more important is also contributing to the growth of the development of fully electric trucks. Many Indian companies have commenced research activities for the development of fully electric trucks to benefit logistics, transportation, agriculture arenas. The emergence of a fully electric truck is anticipated to play a major role in boosting the growth of heavy duty truck electrification market.


Component Insights

The global heavy duty truck electrification market by component is segmented into electric pumps, electric power steering, liquid heater, electric air conditioner compressor, actuator, alternator, and others. The electric power steering segment dominated the heavy duty truck electrification market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027.


Powertrain Type Insights

The heavy duty truck electrification market by powertrain type is further segmented into fully electric, hybrid, fuel cell, ICE, and CNG. The ICE segment of the heavy duty truck electrification market dominated the powertrain type segment and is anticipated to continue its dominance throughout the forecast period from 2019 – 2027.

 

Rest of Asia Pacific heavy duty truck electrification market by Powertrain Type

Rest of Asia Pacific heavy duty truck electrification market by Powertrain Type

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Strategic Insights

Some of the market Initiatives were observed to be the most adopted strategy in the global heavy duty truck electrification market. Few of the recent market initiatives are listed below:


2019:
Schaeffler Technologies presented the third generation of its Space Drive technology and improvements made in the Schaeffler Mover. This is a solution developed for autonomous and sustainable mobility in urban spaces.


2019:
ZF Friedrichshafen has entered into an agreement to acquire the business of Wabco. Through this agreement, the skills of both companies would create an added value for the commercial vehicle customers of Z Friedrichshafen. And will also support the company to provide automated mobility solutions to the customers.


2018:
The FUSO eCanter is the first all-electric light-duty truck in the world. It developed for the customer of the UK. The FUSO eCanter is an alternative for customers functioning in the urban distribution business in and around London, with a range of 100km.


2018:
Robert Bosch announced the inauguration of its new R&D center in Suzhou, China. This new R&D center employs around 1,500 associates and focuses majorly on the manufacturing of mobility as well as connected solutions.

 

GLOBAL HEAVY DUTY TRUCK ELECTRIFICATION MARKET SEGMENTATION

Global Heavy Duty Truck Electrification Market - By Component

  • Electric Pumps
  • Electric Power Steering
  • Liquid Heater PTC
  • Electric Air Conditioner Compressor
  • Actuator
  • Alternator
  • Others

Global Heavy Duty Truck Electrification Market - By Powertrain Type

  • Fully Electric
  • Hybrid
  • Fuel Cell
  • Internal Combustion Engine (ICE)

Global Heavy Duty Truck Electrification Market - By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America (SAM)

Global Heavy duty truck electrification Market - Company Profiles

  • Aisin Seiki Co.Ltd.
  • Borgwarner Inc.
  • Continental AG
  • Delphi technologies PLC
  • Denso corporation
  • Magna International Inc
  • Mitsubishi Motors Corporation
  • Robert Bosch GmbH
  • Schaeffler Technologies AG & Co. KG
  • ZF Friedrichshafen AG

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Automotive Heavy-Duty Truck Electrification - Market Landscape

4.1       Market Overview

4.2       Ecosystem Analysis

4.3       Porter’s Five Forces Analysis

4.3.1        Bargaining Power of Buyers

4.3.2        Bargaining Power of Suppliers

4.3.3        Threats of Substitutes

4.3.4        Threats of New Entrants

4.3.5        Competitive Rivalry

5.             Premium Insights

5.1       Overview

5.2       Transition Trends from ICE to Alternate Prolusion Engine (Electric and Fuel Cell)

5.2.1        Trucks

5.2.1.1      Transition to electric powertrain is happening now and at a faster pace

5.2.1.2      Electric Truck Production Trend

5.2.2        Busses

5.2.2.1      Electric bus transition momentum worldwide

5.2.3        Off-Highway Vehicle

5.2.3.1      Mining Industry

5.2.3.2      Agriculture

5.3       Competitive Landscape of Transition from ICE to Alternate Propulsion System  (Battery Powered and Fuel Cell)

5.3.1        OEM Initiatives

5.4       Vehicle Unit Volume and Sales of Trucks and Buses

5.4.1        Trucks

5.5       Buses

5.6       Charging Infrastructure Development Analysis

5.6.1        Worldwide Governmental Initiatives are Boosting the EV Charging Infrastructure Market

5.6.2        Growing Concern Toward Environmental Pollution

5.7       Battery Price Analysis

5.7.1        Lithium-Ion battery price analysis

6.             Automotive Heavy-Duty Truck Electrification Market –  Key Market Dynamics

6.1       Key Market Drivers

6.1.1        Government initiatives and stringent emission rules to boost the growth

6.1.2        Low penetration of electric powertrain in Heavy Commercial Vehicles (HCV) is flourishing the growth for diesel powertrain

6.2       Market Restraints

6.2.1        Rise of natural gas powertrain in heavy duty trucks might hinder the market growth

6.3       Opportunities

6.3.1        Upsurge in the demand for electric trucks is projected to soar in future

6.4       Future Trends

6.4.1        Emergence of fully electric trucks

6.5       Impact Analysis of Drivers and Restraints

7.             Heavy-Duty Trucks Electrification Market – Global Market Analysis

7.1       Overview

7.2       Global Heavy-Duty Trucks Electrification Market Revenue and Forecast to 2027 (US$ Mn)

8.             Heavy-Duty Truck Electrification Market Analysis –  By Component

8.1       Overview

8.2       Heavy-Duty Truck Electrification Market Breakdown, By Component, 2018 & 2027

8.3       Electric Pumps

8.3.1        Overview

8.3.2        Electric Pumps Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Electric Power Steering

8.4.1        Overview

8.4.2        Electric Power Steering Market Revenue and Forecasts to 2027 (US$ Mn)

8.5       Liquid Heater PTC

8.5.1        Overview

8.5.2        Liquid Heater PTC Market Revenue and Forecasts to 2027 (US$ Mn)

8.6       Electric Air Conditioner Compressor

8.6.1        Overview

8.6.2        Electric Air Conditioner Compressor Market Revenue and Forecasts to 2027 (US$ Mn)

8.7       Actuator

8.7.1        Overview

8.7.2        Actuator Market Revenue and Forecasts to 2027 (US$ Mn)

8.8       Alternator

8.8.1        Overview

8.8.2        Alternator Market Revenue and Forecasts to 2027 (US$ Mn)

8.9       Others

8.9.1        Overview

8.9.2        Others Market Revenue and Forecasts to 2027 (US$ Mn)

9.             Heavy-Duty Truck Electrification Market Analysis –  By  Powertrain Type

9.1       Overview

9.2       Heavy-Duty Truck Electrification Market Breakdown, By  Powertrain Type, 2018 & 2027

9.3       Fully Electric

9.3.1        Overview

9.3.2        Fully Electric Market Revenue and Forecasts to 2027 (US$ Mn)

9.4       Hybrid

9.4.1        Overview

9.4.2        Hybrid Market Revenue and Forecasts to 2027 (US$ Mn)

9.5       Fuel Cell

9.5.1        Overview

9.5.2        Fuel Cell Market Revenue and Forecasts to 2027 (US$ Mn)

9.6       Internal Combustion Engine (ICE)

9.6.1        Overview

9.6.2        ICE Market Revenue and Forecasts to 2027 (US$ Mn)

9.7       Compressed Natural Gas (CNG)

9.7.1        Overview

9.7.2        CNG Market Revenue and Forecasts to 2027 (US$ Mn)

10.          Global Heavy-duty Truck Electrification Market – Geographic Analysis

10.1    Overview

10.2    North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027

10.2.1     Overview

10.2.2     North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.2.3     North America Heavy-duty Truck Electrification Market Breakdown, By Component

10.2.4     North America Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.2.5     North America Heavy-duty Truck Electrification Market Breakdown, By Country

10.2.5.1    US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.2.5.1.1    US Heavy-duty Truck Electrification Market Breakdown, By Component

10.2.5.1.2    US Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.2.5.2    Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.2.5.2.1    Canada Heavy-duty Truck Electrification Market Breakdown, By Component

10.2.5.2.2    Canada Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.2.5.3    Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.2.5.3.1    Mexico Heavy-duty Truck Electrification Market Breakdown, By Component

10.2.5.3.2    Mexico Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.3    Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027

10.3.1     Overview

10.3.2     Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.3.3     Europe Heavy-duty Truck Electrification Market Breakdown, By Component

10.3.4     Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.3.5     Europe Heavy-duty Truck Electrification Market Breakdown, By Country

10.3.5.1    UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.3.5.1.1    UK Heavy-duty Truck Electrification Market Breakdown, By Component

10.3.5.1.2    UK Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.3.5.2    Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.3.5.2.1    Italy Heavy-duty Truck Electrification Market Breakdown, By Component

10.3.5.2.2    Italy Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.3.5.3    Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.3.5.3.1    Russia Heavy-duty Truck Electrification Market Breakdown, By Component

10.3.5.3.2    Russia Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.3.5.4    Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.3.5.4.1    Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Component

10.3.5.4.2    Rest of Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.4    APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027

10.4.1     Overview

10.4.2     APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.3     APAC Heavy-duty Truck Electrification Market Breakdown, By Component

10.4.4     APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.4.5     APAC Heavy-duty Truck Electrification Market Breakdown, By Country

10.4.5.1    China Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.5.1.1    China Heavy-duty Truck Electrification Market Breakdown, By Component

10.4.5.1.2    China Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.4.5.2    Japan Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.5.2.1    Japan Heavy-duty Truck Electrification Market Breakdown, By Component

10.4.5.2.2    Japan Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.4.5.3    India Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.5.3.1    India Heavy-duty Truck Electrification Market Breakdown, By Component

10.4.5.3.2    India Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.4.5.4    Rest of APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.5.4.1    Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Component

10.4.5.4.2    Rest of APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.5    MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027

10.5.1     Overview

10.5.2     MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.5.3     MEA Heavy-duty Truck Electrification Market Breakdown, By Component

10.5.4     MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.5.5     MEA Heavy-duty Truck Electrification Market Breakdown, By Country

10.5.5.1    South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.5.5.1.1    South Africa Heavy-duty Truck Electrification Market Breakdown, By Component

10.5.5.1.2    South Africa Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.5.5.2    Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.5.5.2.1    Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Component

10.5.5.2.2    Rest of MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.6    SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027

10.6.1     Overview

10.6.2     SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.6.3     SAM Heavy-duty Truck Electrification Market Breakdown, By Component

10.6.4     SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.6.5     SAM Heavy-duty Truck Electrification Market Breakdown, By Country

10.6.5.1    Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.6.5.1.1    Brazil Heavy-duty Truck Electrification Market Breakdown, By Component

10.6.5.1.2    Brazil Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

10.6.5.2    Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

10.6.5.2.1    Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Component

10.6.5.2.2    Rest of SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type

11.          Industry Landscape

11.1    Market Initiative

11.2    New Development

11.3    Merger & Acquisition

12.          Company Profiles

12.1    Continental AG

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    BorgWarner Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Denso Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Magna International Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Robert Bosch GmbH

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    ZF Friedrichshafen AG

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    AISIN SEIKI Co. Ltd.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Delphi Technologies Plc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Mitsubishi Motors Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Schaeffler Technologies AG & Co. KG

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

LIST OF TABLES

Table 1.          Initiatives taken by suppliers for transition to Electric Drivetrain

Table 2.          Restraints and opportunities of alternate powertrain

Table 3.          North America Electric Truck Sales Volume (Units)

Table 4.          Europe Electric Truck Sales Volume (Units)

Table 5.          China Electric Truck Sales Volume (Units)

Table 6.          North America Electric Buses Sales Volume

Table 7.          Europe Electric Buses Sales Volume

Table 8.          China Electric Buses Sales Volume

Table 9.          Global Heavy-Duty Trucks Electrification Market Revenue and Forecast to 2027 (US$ Mn)

Table 10.         Global Heavy-duty Truck Electrification Market Revenue and Forecast To 2027, By Geography (US$ Mn)

Table 11.         North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component  (US$ Mn)

Table 12.         North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 13.         North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Country (US$ Mn)

Table 14.         US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 15.         US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type Transport  (US$ Mn)

Table 16.         Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 17.         Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 18.         Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 19.         Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 20.         Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 21.         Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type Transport (US$ Mn)

Table 22.         UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 23.         UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 24.         Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 25.         Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 26.         Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 27.         Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 28.         Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component  (US$ Mn)

Table 29.         Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 30.         APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 31.         APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 32.         China Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 33.         China Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 34.         Japan Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 35.         Japan Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 36.         India Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 37.         India Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 38.         Rest of APAC Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 39.         Rest of APAC Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type  (US$ Mn)

Table 40.         MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 41.         MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 42.         South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 43.         South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type  (US$ Mn)

Table 44.         Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 45.         Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type  (US$ Mn)

Table 46.         SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 47.         SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 48.         Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Power Consumption  (US$ Mn)

Table 49.         Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type (US$ Mn)

Table 50.         Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 51.         Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 – By Powertrain Type  (US$ Mn)

LIST OF FIGURES

Figure 1.        Heavy-Duty Trucks Electrification Market Segmentation

Figure 2.        Heavy-Duty Trucks Electrification Market Segmentation – By Geography

Figure 3.        Asia pacific to hold the Prime market share of the market

Figure 4.        Heavy-Duty Truck Electrification Market Overview

Figure 5.        Electric Power Steering held the largest market share by component

Figure 6.        Internal Combustion Engine held the largest market share by powertrain type

Figure 7.        Heavy-Duty Trucks Electrification Market Ecosystem Analysis

Figure 8.        Heavy-Duty Trucks Electrification Market - Porter’s Five Forces

Figure 9.        TCO Breakeven Point by Truck class and Application

Figure 10.       TCO Breakeven Point of Busses by Application

Figure 11.       Initiatives taken by major OEMs in Trucks Market

Figure 12.       Major Developments across major commercial vehicle classes

Figure 13.       Battery Pack Price ($/kWh)

Figure 14.       Impact Analysis of Drivers and Restraints – Heavy Duty Truck Electrification Market

Figure 15.       Global Heavy-Duty Trucks Electrification Market

Figure 16.       Global Heavy-Duty Trucks Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 17.       Heavy-Duty Truck Electrification Market Breakdown, By Component, 2018 & 2027 (%)

Figure 18.       Global Electric Pumps Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       Global  Electric Power Steering Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       Global Liquid Heater PTC Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 21.       Global   Electric Air Conditioner Compressor Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.       Global Actuator Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       Global  Alternator Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       Global Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 25.       Heavy-Duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027 (%)

Figure 26.       Global  Fully Electric Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 27.       Global Hybrid Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.       Global Fuel Cell Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.       Global ICE Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 30.       Global CNG Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 31.       Global Heavy-Duty Truck Electrification Market Breakdown, By Region, 2018 and 2027 (%)

Figure 32.       North America Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 33.       North America Heavy-duty Truck Electrification Market Breakdown, By Component, 2018 and 2027 (%)

Figure 34.       North America Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 and 2027 (%)

Figure 35.       North America Heavy-duty Truck Electrification Market Breakdown, By Country, 2018 and 2027(%)

Figure 36.       US Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 37.       Canada Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 38.       Mexico Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 39.       Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 40.       Europe Heavy-duty Truck Electrification Market Breakdown, By Component, 2018 & 2027 (%)

Figure 41.       Europe Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027 (%)

Figure 42.       Europe Heavy-duty Truck Electrification Market Breakdown, By Country, 2018 & 2027(%)

Figure 43.       UK Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 44.       Italy Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 45.       Russia Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 46.       Rest of Europe Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 47.       APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 48.       APAC Heavy-duty Truck Electrification Market Breakdown, By Component, 2018 & 2027 (%)

Figure 49.       APAC Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027 (%)

Figure 50.       APAC Heavy-duty Truck Electrification Market Breakdown, By Country, 2018 & 2027(%)

Figure 51.       China Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 52.       Japan Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 53.       India Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 54.       Rest of APAC Heavy-duty Truck Electrification Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 55.       MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 56.       MEA Heavy-duty Truck Electrification Market Breakdown, By Component, 2018 & 2027 (%)

Figure 57.       MEA Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 & 2027 (%)

Figure 58.       MEA Heavy-duty Truck Electrification Market Breakdown, By Country, 2018 & 2027(%)

Figure 59.       South Africa Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 60.       Rest of MEA Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 61.       SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 62.       SAM Heavy-duty Truck Electrification Market Breakdown, By Component, 2018 and 2027 (%)

Figure 63.       SAM Heavy-duty Truck Electrification Market Breakdown, By Powertrain Type, 2018 and 2027 (%)

Figure 64.       SAM Heavy-duty Truck Electrification Market Breakdown, By Country, 2018 and 2027(%)

Figure 65.       Brazil Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

Figure 66.       Rest of SAM Heavy-duty Truck Electrification Market Revenue and Forecast To 2027 (US$ Mn)

 

 

The List of Companies - Heavy Duty Truck Electrification Market

  1. Aisin Seiki Co.Ltd.
  2. Borgwarner Inc.
  3. Continental AG
  4. Delphi technologies PLC
  5. Denso corporation
  6. Magna International Inc
  7. Mitsubishi Motors Corporation
  8. Robert Bosch GmbH
  9. Schaeffler Technologies AG & Co. KG
  10. ZF Friedrichshafen AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global heavy duty truck electrification 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 heavy duty truck electrification 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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Frequently Asked Questions

China led the heavy duty truck electrification market in the APAC region. China is the largest EV manufacturer in the world. Also, China is the global leader in the production of passenger cars and commercial vehicles, as well as electronic product assembly. The presence of a robust manufacturing base is a key factor for the growth of the heavy-duty truck electrification market.

The high efficiency of electric trucks over conventional diesel and natural gas vehicles is another factor that is expected to drive the growth of this segment in the coming years. Transportation is the primary source of pollution all across the world, and heavy-duty vehicles such as trucks and buses are the major contributors in this category. To address this issue, governments of major countries such as the US, the UK, Germany, Japan, and China are taking initiatives to boost the adoption of electric trucks at a fast rate.

Internal combustion engine dominated the heavy duty electrification market in 2018. With respect to the evolution of ICE technologies, need to consider different use of the engine as the electric hybrid architectures are used more frequently.

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