Electric Truck Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Electric Truck Market is segmented by Body Type ( Trucks ) , by Fuel Type ( ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America )

INSTANT ACCESS

Electric Truck Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type: Light Commercial Pick-up Trucks
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: Europe
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 9.16 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Electric Truck Market Analysis

The Electric Truck Market is projected to register a CAGR of 9.16%

  • Largest Segment by Vehicle Type - Trucks : Medium-duty trucks are projected to make up over 93% of the global electric truck fleet by 2026, with over 302,000 units in use worldwide.
  • Fastest-growing Segment by Vehicle Type - Trucks : The Growth in construction projects, trading, and increase in the logistics usage for heavy carriages is making heavy trucks the fastest-growing body type in commercial vehicle sales globally.
  • Largest Segment by Fuel Type - HEV : Battery electric vehicle holds the largest share due to factors such as the growing logistics industry, and stringent emission regulations by the government.
  • Largest Segment by Country - US : Electric trucks recorded the largest share of medium and heavy commercial vehicle sales in China, this is because the majority of manufacturers are engaged in producing electric vehicles.

Electric Truck Industry Segmentation

Trucks are covered as segments by Body Type. are covered as segments by Fuel Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.
Body Type
Trucks
Heavy-duty Commercial Trucks
Light Commercial Pick-up Trucks
Medium-duty Commercial Trucks
Region
Africa
Asia-Pacific
India
Europe
Middle East
Miidle East
North America
Canada
Mexico
US
Rest-of-North America
South America

Report scope can be customized per your requirements. Click here.

Electric Truck Market Trends

This section covers the major market trends shaping the Electric Truck Market according to our research experts:

Light Commercial Pick-up Trucks is the largest segment by Sub Body Type.

rd-img

Europe is the largest segment by Region.

rd-img

Electric Truck Industry Overview

The Electric Truck Market is fragmented, with the top five companies occupying 20.70%. The major players in this market are BYD Motors Inc., Daimler AG, Dongfeng Motor Corporation, Scania AB and Volvo Group (sorted alphabetically).

Electric Truck Market Leaders

  1. BYD Motors Inc.

  2. Daimler AG

  3. Dongfeng Motor Corporation

  4. Scania AB

  5. Volvo Group

*Disclaimer: Major Players sorted in no particular order

rd-img

Electric Truck Market News

  • January 2022: The Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The joint venture (JV) plans to install and operate at least 1,700 high-performance green energy charge points on, and close to, highways as well as at logistics hubs across Europe.
  • January 2022: Isuzu Motors Limited (Isuzu), DENSO Corporation (DENSO), Toyota Motor Corporation (Toyota), Hino Motors, Ltd. (Hino), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have started planning and foundational research on hydrogen engines for heavy-duty commercial vehicles with the aim of further utilizing internal combustion engines as one option to achieve carbon neutrality.
  • January 2022: Scania introduces electric trucks for the regional long haul. The new generation, available with R or S sleeper cabs, is part of a complete solution that will open the door to the electrified transport landscape. With 624 kWh of batteries installed, Scania moves towards shifting to electric trucks and their operability in regional long-haul operations.

Electric Truck Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Battery Price (per Kwh)

    7. 2.7. Logistics Performance Index

    8. 2.8. Electrification Impact

    9. 2.9. New XEV Models Announced

    10. 2.10. Charging Stations Deployment

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. Body Type

      1. 3.1.1. Trucks

        1. 3.1.1.1. Heavy-duty Commercial Trucks

        2. 3.1.1.2. Light Commercial Pick-up Trucks

        3. 3.1.1.3. Medium-duty Commercial Trucks

    2. 3.2. Fuel Type

    3. 3.3. Region

      1. 3.3.1. Africa

      2. 3.3.2. Asia-Pacific

        1. 3.3.2.1. India

      3. 3.3.3. Europe

      4. 3.3.4. Middle East

      5. 3.3.5. Miidle East

      6. 3.3.6. North America

        1. 3.3.6.1. Canada

        2. 3.3.6.2. Mexico

        3. 3.3.6.3. US

        4. 3.3.6.4. Rest-of-North America

      7. 3.3.7. South America

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. BYD Motors Inc.

      2. 4.4.2. Daimler AG

      3. 4.4.3. Dongfeng Motor Corporation

      4. 4.4.4. Groupe Renault

      5. 4.4.5. Hino Motors, Ltd.

      6. 4.4.6. Isuzu Motors Ltd

      7. 4.4.7. Navistar International Transportation Corporation

      8. 4.4.8. PACCAR Inc

      9. 4.4.9. Scania AB

      10. 4.4.10. Volvo Group

  5. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 3:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 4:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 5:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 6:  
  2. ELECTRIC TRUCK MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 7:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 8:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 9:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 10:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 11:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 12:  
  2. ELECTRIC TRUCK MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 13:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 14:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 15:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 16:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 17:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 18:  
  2. ELECTRIC TRUCK MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 19:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 20:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 21:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 22:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 23:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 24:  
  2. ELECTRIC TRUCK MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 25:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 26:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 27:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 28:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 29:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 30:  
  2. ELECTRIC TRUCK MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 31:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 32:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 33:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 34:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 35:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 36:  
  2. ELECTRIC TRUCK MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 37:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 38:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 39:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 40:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 41:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 42:  
  2. ELECTRIC TRUCK MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 43:  
  2. ELECTRIC TRUCK MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 44:  
  2. ELECTRIC TRUCK MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 45:  
  2. ELECTRIC TRUCK MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 46:  
  2. ELECTRIC TRUCK MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 47:  
  2. ELECTRIC TRUCK MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. ELECTRIC TRUCK MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 50:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 51:  
  2. ELECTRIC TRUCK MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 52:  
  2. ELECTRIC TRUCK MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 53:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 54:  
  2. ELECTRIC TRUCK MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 55:  
  2. ELECTRIC TRUCK MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 56:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 57:  
  2. ELECTRIC TRUCK MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 58:  
  2. ELECTRIC TRUCK MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 59:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 60:  
  2. ELECTRIC TRUCK MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 61:  
  2. ELECTRIC TRUCK MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 62:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 63:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 64:  
  2. ELECTRIC TRUCK MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
  1. Figure 65:  
  2. ELECTRIC TRUCK MARKET, BY REGION, BY VALUE IN USD, 2016-2028
  1. Figure 66:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 67:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 68:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 69:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 70:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 71:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 72:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 73:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 74:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 75:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 76:  
  2. ELECTRIC TRUCK MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 77:  
  2. ELECTRIC TRUCK MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
  1. Figure 78:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 79:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 80:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 81:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 82:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 83:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 84:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 85:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 86:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 87:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 90:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 91:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 92:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 93:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 94:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 95:  
  2. ELECTRIC TRUCK MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 96:  
  2. ELECTRIC TRUCK MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 97:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 98:  
  2. ELECTRIC TRUCK MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 99:  
  2. ELECTRIC TRUCK MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 100:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 101:  
  2. ELECTRIC TRUCK MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 102:  
  2. ELECTRIC TRUCK MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 103:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 104:  
  2. ELECTRIC TRUCK MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 105:  
  2. ELECTRIC TRUCK MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 106:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 107:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 108:  
  2. ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 109:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 110:  
  2. ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 111:  
  2. ELECTRIC TRUCK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 112:  
  2. ELECTRIC TRUCK MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 113:  
  2. ELECTRIC TRUCK MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - A truck or lorry is a motor vehicle designed to transport cargo, carry specialized payloads, or perform other utilitarian work.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion. Under this category, electric buses have been included.
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - Under this category heavy-duty commercial trucks, light commercial pickup trucks, and medium-duty commercial trucks have been included.
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes Trucks.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.
card-img
03. Exhaustive Data
Tracking a million data points on the vehicles industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the vehicles industry.

Electric Truck Market Research FAQs

The Electric Truck Market is studied from 2016 - 2028.

The Electric Truck Market is growing at a CAGR of 9.16% over the next 5 years.

Light Commercial Pick-up Trucks is growing at the highest CAGR over 2016 - 2028.

Europe holds highest share in 2021.

BYD Motors Inc., Daimler AG, Dongfeng Motor Corporation, Scania AB, Volvo Group are the major companies operating in Electric Truck Market.

Electric Truck Industry Report

Statistics for the 2023 Electric Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Truck analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.