Electric Truck Market 2018 Global Industry Analysis By Challenges, Size, Share, Opportunities, Challenges, Growth, Competitive Landscape And Regional Forecast To 2023
Electric Truck Market 2018 Global Forecast to 2023 Report is latest depth analysis research on Global Electric Truck Market Size, Share, Industry Challenges, Opportunities, And Regional Outlook with Forecast To 2023.
Pune, India – September 28, 2018 /MarketersMedia/ —
The Electric Truck global market is expected to witness 15% CAGR during the period, 2018 to 2023. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World.
Electric Truck Global Market Key Companies Analyzed In Report Are:
Dongfeng Motor Corporation (China), Foton Motor Inc. (China), Daimler AG (China), AB Volvo (Sweden), FAW Group Co., Ltd. (China), and China National Heavy-Duty Truck Group Co., Ltd., (China). PACCAR Inc. (US), Navistar, Inc. (US), Isuzu Motors Ltd (Japan), and BYD Auto Co., Ltd. (China) are among others.
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Electric Truck Global Market Highlights:
The electric truck is a new generation electric powered truck, with a massive growth in sales predicted for the period 2018 -2023. Electric trucks are widely preferred for logistics, and municipal applications. Globally growing strict government policies regarding emission from commercial vehicles will work in favor of electric trucks and drive the growth of the market. Moreover, the continuous increase in fuel prices will drive the consumers towards cheaper alternatives to traditional trucks such as electric trucks, which are also less polluting.
The electric truck is a commercial vehicle that is powered through electricity. Electric trucks are a highly preferred alternative to fuel-based commercial vehicles as they are cost-effective compared to fuel based commercial vehicles and less polluting. Electric trucks are commonly used in logistic services, municipal bodies, and others.
Electric Truck Market Growth Factors and Restraints:
Global electric truck market has seen remarkable growth; expected to rise at a CAGR of ~15%. Increased stringent government policies to control vehicle emissions and incentives policies to buy electric trucks in various countries such as China, the US, Germany, and Japan are the major driving factors for the global electric truck market. Increased per capita disposable income, continuous increasing fuel prices, and continuous increase in the transport activities will further drive the growth of the electric trucks market. Continuously decreasing price of the battery will draw the consumer’s attraction towards, electric mobility, which would further enhance the market revenue for the electric trucks.
Moreover, due to the less operating cost associated with electric mobility and increased efforts from the side of manufacturers such as discounts on additional features or packages in the electric truck will boost the sales of the electric trucks during the forecast period. The governments in various regions such as those in Europe and North America started imposing stricter emissions targets. Government of different countries are planning to find ways to incentives fleets owner in electric trucks which result in lower vehicle emission level and opportunities for new entrants in the global market for electric trucks market.
Growing demand for smart transport, government backing for purchase of smart automobiles, and increased charging infrastructure around the different parts of the world will further boost the market growth for the electric trucks and open up new opportunities for new players in the market. However, it is estimated that the high prices of the electric truck hampers the revenue for the electric truck market.
Regional Analysis:
The electric truck market is flourishing in many regions such as North America and Europe as well as in countries such as China. Additionally, there is an availability of incentives and subsidies that would provide through government schemes which further enhance the global sales of the electric trucks in Asia-Pacific.
In Asia-Pacific, China is leading in terms of manufacturing all types of fully or hybrid electric technologies such as electric trucks owing to the presence of major manufacturers of electric trucks. In Europe, it is predicted that the region will switch to full or hybrid electric trucks to achieve the target for EU’s 20-20-20 policy.
In North America, it is expected that the full and hybrid type electric vehicle sales would be lower than those with natural gas powertrains as in the US and Canada the infrastructure for battery charging is still in the developing stage.
Market Segments Analysis:
The scope of the study segments the global electric truck market by truck type, charge type, application, and regions.
By Truck Type:
Medium Duty
Heavy Duty
By Charge Type:
Battery
Plug-In Hybrid
Hybrid
Hydrogen Fuel Cell
By Application
Logistics
Municipal
Others
REPORT CONTENT:
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. RESEARCH METHODOLOGY
1.1.1. INITIAL DATA EXPLORATION
1.1.2. STATISTICAL MODELING AND FORECAST
1.1.3. INDUSTRY INSIGHTS AND VALIDATION
1.2. DATA SOURCES
CHAPTER 2. EXECUTIVE SUMMARY
2.1. ELECTRIC TRUCK INDUSTRY 3600 SYNOPSIS, 2012 – 2023
2.1.1. BUSINESS TRENDS
2.1.2. COMPONENT TRENDS
2.1.3. VEHICLE TYPE TRENDS
CHAPTER 3 ELECTRIC TRUCK INDUSTRY INSIGHTS
3.1 INDUSTRY SEGMENTATION
3.2 INDUSTRY SIZE AND FORECAST
3.3 INDUSTRY ECOSYSTEM ANALYSIS
3.4 INDUSTRY IMPACT FORCES
3.4.1 GROWTH DRIVERS
3.5 GROWTH POTENTIAL ANALYSIS
3.6 COMPANY MARKET SHARE ANALYSIS, 2015
3.7 PORTER’S ANALYSIS
3.8 PESTEL ANALYSIS
Browse more details on report at: https://www.marketresearchfuture.com/reports/electric-truck-market-6261
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