Global Electric Commercial Vehicles Market 2019 By Components, Industry Size-Share, Propulsion, Share, Key Companies, Growth, Trends and Forecast 2024
Our specialized research analysts have been trained to map out their research needs to the right research resources and gain a unique edge when compared to their competitors. We provide intellectual, accurate and meaningful data in lightning.
Dallas, United States – September 30, 2019 /MarketersMedia/ —
Global Electric Commercial Vehicles Market 2019-2024:
Global electric commercial vehicles market is expected to reach a value of US$ 149,316 Mn by 2024, supported by government subsidies and tax rebates for commercial electrical vehicles. The market is projected to expand at a CAGR of 13.0% during the forecast period from 2018 to 2024 by value. The market is expected to reach 1,440,820 units by end of 2024. The market is expected to expand at the CAGR of 10.4% by volume. Need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities.
Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/3640965
Need for fuel-efficient and emission free-vehicle and the available government subsidies and tax rebates to fuel the growth of the electric commercial vehicle market
Policies and mandates to curb urban pollution menace and the subsequent demand of emission-free vehicle and the increasing demand for electrified vans and trucks from the logistics industry are the driving factors for the electric commercial vehicle market. Whereas, the less number of charging stations and high cost involved in the initial development of electric commercial vehicle are restraining factors for the electric commercial vehicle market. Government funds and incentive programs to encourage adoption of electric commercial vehicles such as public buses and electric trucks will be creating opportunities in upcoming years. Increasing incorporation of telematics & communication capabilities in electrical commercial vehicles is anticipated to boost market growth. Growing food & beverage industry is another key factor driving industry growth over the next seven years owing to increasing food trucks and refrigerated vehicles demand.
Electric Commercial Vehicles Market: Scope of the Report
The electric commercial vehicle market can be segmented on the basis propulsion type, vehicle type, component, and region. Based on propulsion type, the global electric commercial vehicle market is classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles (PHEV) and fuel cell electric vehicle (FCEV). The battery electric vehicle segment dominates the market due to government initiatives to promote green transportation across the globe. Battery electric buses require less fuel and maintenance. Hybrid electric buses require conventional fuel along with electric prolusion system to operate. These hybrid vehicles require large batteries and motors to meet its power requirement, which makes hybrid commercial vehicles costlier. Based on electric vehicle type, the global electric commercial vehicle market can be fragmented into bus, truck, vans and others. On the basis of components, the electric commercial vehicle market can be segmented into motors, electric batteries, and others.
The Asia Pacific is expected to lead the global electric commercial vehicle market during the forecast period
On the basis of region, the electric commercial vehicle market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a major share of the global electric commercial vehicle market. China dominated the electric commercial vehicle market. China is electrifying their fleets as the country has the world’s worst pollution problem. Countries such as Japan and South Korea are investing in the development of electric vehicles and charging stations and creating awareness regarding the benefits related to electric commercial vehicles.
Enquiry Before Buying The Report @ https://www.orbisresearch.com/contacts/enquiry-before-buying/3640965
The Asia Pacific region is estimated to hold the largest volume share of global electric commercial vehicle market in year 2017. The segment is estimated to grow with a significant CAGR in the forecast period. The high adoption of electric buses to curb pollution and the subsequent increase in sales of electric commercial vehicles such as buses are expected to fuel electric commercial vehicle market in the Asia Pacific region.
Global Electric Commercial Vehicles Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global electric commercial vehicles market. Some of the key players profiled in the report include Daimler (Germany), Tesla (US), BYD (China), NISSAN (Japan), Proterra (US), Toyota, BYD Company Limited, ZHONGTONGBUS Bus Holding Co., Ltd, ABB group etc.
The global electric commercial vehicles market is segmented as below:
Global Electric Commercial Vehicles Market, by Propulsion
• BEV
• HEV
• PHEV
• FCEV
Global Electric Commercial Vehicles Market, by Vehicle Type
• Bus
• Truck
• Van
• Others
Global Electric Commercial Vehicles Market, by Component
• Motor
• Battery
• Others
Global Electric Commercial Vehicles Market, by Geography
North America
• U.S.
• Canada
• Rest of North America
Europe
• Germany
• Italy
• Finland
• Denmark
• Norway
• France
• U.K.
• Rest Of Europe
Asia Pacific (APAC)
• India
• China
• Japan
• Rest of APAC
Middle East & Africa (MEA)
• GCC
• South Africa
• North Africa
• Rest Of Middle East & Africa
Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
Direct purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/3640965
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas – 75204, U.S.A.
Phone: USA: +1 (972)-362-8199 | IND: +91 895 659 5155
Website: https://www.orbisresearch.com/reports/index/global-electric-commercial-vehicles-market-by-propulsion-type-by-vehicle-type-by-component-industry-analysis-size-share-growth-trends-and-forecast-2014-2024
Source: MarketersMedia
Release ID: 88923929
Copyright © 1999-2013 SproutNews.com
