All-Electric Trucks Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: Mitsubishi Fuso, Zenith Motors, Alke XT, Voltia, Dongfeng, BYD, Volvo

Registering a CAGR of 26.5% over the forecast period of 2022-2027, the global All-Electric Trucks market is anticipated to reach the market value of US$ 3,861.9 million from US$ 392.5 million in the year 2021.

All-Electric Trucks Market Overview

All-Electric Trucks are electronic vehicles that run on batteries; it is broadly used in commercial sectors to transport cargo. All-Electric Trucks are mostly desired as a substitute for fuel-based vehicles, due to their cost-efficiency as related to fuel-based commercial vehicles.Due to technological advancements and production of EV batteries on a mass scale, the cost of EV batteries has been decreasing over the past decade. This has led to a decrease in cost of the electric trucks as EV batteries are one of the most expensive parts of an electric truck.electric trucks, motors inside have fewer parts moving as compared to diesel truck and do not need multi-speed transmissions, which, in turn, reduces maintenance cost of vehicles and improves reliability with almost zero noise pollution. Further, electric trucks are becoming the preferred choice over diesel trucks, owing to government initiatives to promote adoption of electric truck and its remarkable advantages such as gobs of torque, no noise pollution, and lower maintenance cost.Governments across the world are putting pressure on vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric trucks (e-trucks). Meanwhile, low-emission zones are driving fleets to replace diesel trucks with cleaner options.

Who are the Major Players in All-Electric Trucks Market?

The All-Electric Trucks Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Mitsubishi Fuso, Zenith Motors, Alke XT, Voltia, Dongfeng, BYD, Volvo, Daimler AG (Germany), AB Volvo (Sweden), PACCAR(U.S.), Scania AB(Sweden)

Recent Developments

Volvo Trucks leads the electric truck market in Europe- New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide.

In February 2022, RIVIAN a california based electric truck and suv manufacturer has strategic capacity expansion in its production facility. Company is looking forward to open its second manufacturing facility in East Atlanta with capability of producing 400,000 vehicles in year.

FUSO introduce the all-electric eCanter truck in New Zealand- Mitsubishi Fuso Truck and Bus Corporation (MFTBC; headquarters: Kawasaki City, Kanagawa Prefecture; President and CEO: Hartmut Schick), announces that the eCanter has officially launched in New Zealand, and is now running in customer's hands

All-Electric Trucks Market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Light & Medium-Duty Truck


• Heavy-Duty Truck


• BEV


• PHEV


• FCEV


• Upto 200 Miles


•  Above 200 Miles


• Less Than 50kwh


• 50-250 Kwh


• Above 250 Kwh

By End User

• Last Mile Delivery


• Long Haul Transportation


• Refuse Services


• Field Services


• Distribution services

By Applications, it is segmented into

• Logistics


• Municipal


• Construction


• Mining

All-Electric Trucks Market Regional Analysis

All these factors greatly affect the All-Electric Trucks market growth. It further aims at offering a complete overview on a detailed assessment of important features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis, and changing market growth factors in regions such as Follows,

In Europe, the European Union (EU) is committed to achieving its 21% greenhouse gas decrease target in 2020 for the second phase of the Kyoto Protocol (base year: 1990). The EU has also set the mark to achieve 40\1% greenhouse gas reduction by 2040 compared to 1990. By 2050, the EU aims to realize the target of 0% greenhouse gas emission. The guideline EU 253/2014 sets the target of 147 gm of CO2 emission per kilometer for 2020 and 2021, for light commercial vehicles (LCVs), based on the NEDC (New European Driving Cycle) test procedure. The European Union set a target of a 30% reduction of CO2 emission for LCVs by 2030.

Germany is trying to be on the list of those countries working on "electric highways" to foster eco-friendly trucking. The country has started real-world tests of an eHighway system on a 3.1-mile stretch of the Autobahn between Frankfurt and Darmstadt, with an electric-diesel hybrid truck that accepts power from overhead cables to keep it from using its combustion engine.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The All-Electric Trucks Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global All-Electric Trucks Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our All-Electric Trucks Market report scope?

Key Takeaways from this All-Electric Trucks Report

• Evaluate All-Electric Trucks market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the All-Electric Trucks market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The All-Electric Trucks Market is studied from 2017 - 2027.

 What is the growth rate of All-Electric Trucks Market?

The All-Electric Trucks Market is growing at a CAGR of 26.5% over the next 5 years.

What regions does this All-Electric Trucks Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.