Electric Truck Global Market Report 2024

Global Electric Truck Market Report 2024

Electric Truck Global Market Report 2024 – By Vehicle Type (Light Duty Electric Truck, Medium Duty Electric Truck, Heavy Duty Electric Truck), By Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), By Range (Up to 150 Miles, 151-300 Miles, Above 300 Miles), By End-User (Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution Services) – Market Size, Trends, And Global Forecast 2024-2033

Name: Electric Truck Global Market Report 2024
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Electric Truck Global Market Report 2024

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Electric Truck Market Definition

An electric truck refers to a large, motorized vehicle with an open bed designed to transport goods and whose primary propulsion technology is battery-electric or powered by rechargeable batteries alone or hydrogen fuel cell electric or hybrid electric that is powered by batteries and an internal combustion engine.

The main types of electric trucks are light-duty electric trucks, medium-duty electric trucks, and heavy-duty electric trucks. Light-duty electric trucks are those that have gross vehicle weight of up to 8,500 pounds or 3,855 Kg and payload capacities of up to 4000 pounds or 1,815 Kg. The propulsion used in electric trucks is a battery electric vehicle, hybrid electric vehicle, and fuel cell electric vehicle that can cover a range of up to 150 miles, 151-300 miles, and above 300 miles. Electric trucks are used across various applications such as last-mile delivery, long-haul transportation, refuse services, field services, and distribution services.

Electric Truck Market Segmentation

The electric truck market covered in this report is segmented –

1) By Vehicle Type: Light Duty Electric Truck, Medium Duty Electric Truck, Heavy Duty Electric Truck

2) By Propulsion: Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle

3) By Range: Upto 150 Miles, 151-300 Miles, Above 300 Miles

4) By End-User: Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution Services

Global Electric Truck Market Size 2023 to 2028: Graph

Electric Truck Market Size 2024 And Growth Rate

The electric truck market size has grown exponentially in recent years. It will grow from $2.71 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 49.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing demand for light-duty trucks, rising penetration of e-commerce, and reduced cost of ev batteries.

Electric Truck Market Growth Forecast

The electric truck market size is expected to see exponential growth in the next few years. It will grow to $18.79 billion in 2028 at a compound annual growth rate (CAGR) of 46.9%. The growth in the forecast period can be attributed to increasing fuel prices, rising government support, growing and charging infrastructure. Major trends in the forecast period include use of augmented reality (ar) technology for real-time information, increasing product launches with focus on medium-duty applications and long range, increasing investments for expansion of manufacturing capabilities, and focus on strategic partnerships and collaborations for expanding product portfolio and geographic presence.

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Electric Truck Market Driver: Government Incentives Fueling Growth In The Electric Truck Market

Government incentives and schemes are expected to drive the growth of the electric truck market. Government bodies across the globe are implementing innovative policies and incentive schemes to increase the adoption of electric vehicles across all categories (bikes, autos, cars and commercial vehicles). The main policies, that are currently driving the EV’s adoption are significant financial incentives for the purchase of LDVs, subsidies for primary purchase, vehicle purchase, and tax rebates on registration as these vehicles control pollution and promote a good environment. For instance, the Indian government launched the PLI (production-linked incentive) scheme for the auto sector and the FAME (Faster Adoption and Manufacturing of Electric Vehicles) II amendment, with the aim to switch 30% of private cars, 70% of commercial vehicles, and 80% of two- and three-wheeler to electric by 2030. Such subsidies and support from the government are expected to boost the electric truck market during the forecast period.

Electric Truck Market Driver: Rising Fuel Prices As Catalysts For Growth In The Electric Truck Market

Increasing fuel prices are expected to drive the growth of the electric truck market. As traditional fuel costs continue to escalate, businesses are increasingly seeking alternatives that offer both economic and environmental benefits. Electric trucks present an attractive solution, as they provide lower operating costs and reduced dependency on fossil fuels, thereby offering a sustainable and cost-effective transportation option. For example, in August 2022, according to the Bureau of Transportation Statistics, from January to June 2022, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Therefore, the increase in conventional fuel prices drives the electric truck market.

Global Electric Truck Market Major Players

Major companies operating in the electric truck market report are BYD Company Limited, AB Volvo, Volkswagen AG, Daimler Truck AG, Paccar Inc., Dongfeng Motor Company, Groupe Renault, Hino Motors, Ltd., Isuzu Motors Ltd, Sany Heavy Industry Co., Ltd, BharatBenz, Ashok Leyland, Olectra Greentech Limited, Zhejiang Geely Holding Group Co., Ltd., SAIC Motor Corp., Ltd., Mitsubishi Electric Corporation, JAC Motors, Mercedes-Benz Group AG, MAN Truck & Bus SE, Drive Electro, Navistar, Lordstown Motors Corporation, Nikola Corporation, Workhorse Group Incorporated, Rivian R1T, Kenworth Truck Company, Mack Trucks, Inc, Freightliner Trucks, Tembici, Yellow, Merkx Electric Cars, Lucid Group Inc, Hitech Electric, Electric Import Motors, E-Moving, Origem, Emirates Global Motor Electric, MellowVans

Global Electric Truck Market Trend: Increasing Popularity Of Self-Driving Electric Trucks

The development of self-driving electric trucks is the key trend gaining popularity in the electric trucks sector. The companies operating in the electric trucks sector are partnering with related technology-based companies to boost their development activities in innovative self-driving truck models. For instance, in January 2022, Pininfarina, an Italy-based design company owned by Mahindra, developed an electric semi-truck in collaboration with Deppway, a subsidiary of Baidu, with a self-drive system. The self-drive system utilizes 11 cameras on board, an infrared detector, radars, and LIDAR sensors.

Global Electric Truck Market Trend: Focus On Medium-Duty And Long-Range Electric Trucks

Companies in the electric truck market are focusing on launching new products with a focus on medium-duty applications and long-range. The launch of new electric trucks is catering to the needs of commercial fleets, logistics companies, and other stakeholders seeking sustainable transportation solutions. For example, in August 2023, Motiv Power Systems, a US-based company that specializes in medium-duty commercial all-electric trucks and buses, launched a new medium-duty electric truck called Argo. The Argo Series is designed to support all medium-duty applications across Class 4-6, including box trucks, step vans, shuttle buses, and more. The Argo electric truck is designed to provide a zero-emission solution for medium-duty applications. Moreover, in September 2020, Kenworth, a US-based truck manufacturer, launched two new electric trucks with up to 200 miles of range. The trucks are made for uses such as local pickup and delivery, drayage, and brief regional hauls.

Electric Truck Market Merger And Acquisition: Mullen Automotive's Majority Stake In Bollinger Motors Expands Electric Vehicle Market Presence

In September 2022, Mullen Automotive, a US-based EV truck company, acquired Bollinger Motors for an undisclosed amount. Through this acquisition, Mullen owned a majority of Bollinger, and the two businesses are expected to increase their positions in the rapidly expanding markets for electric sport utility and commercial vehicles. Bollinger Motors is an electric truck manufacturer

Regional Analysis For The Global Electric Truck Market

Western Europe was the largest region in the electric truck market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric truck market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The electric truck market consists of sales of all-electric vehicles (AEV). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The electric truck market research report is one of a series of new reports from The Business Research Company that provides electric truck market statistics, including the electric truck industry global market size, regional shares, competitors with an electric truck market share, detailed electric truck market segments, market trends and opportunities, and any further data you may need to thrive in the electric truck industry. This electric truck market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Truck Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$4.03 billion
Revenue Forecast In 2033	$18.79 billion
Growth Rate	CAGR of 46.9% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Vehicle Type: Light Duty Electric Truck, Medium Duty Electric Truck, Heavy Duty Electric Truck 2) By Propulsion: Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle 3) By Range: Up to 150 Miles, 151-300 Miles, Above 300 Miles 4) By End-User: Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution Services
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	BYD Company Limited; AB Volvo; Volkswagen AG; Daimler Truck AG; Paccar Inc.; Dongfeng Motor Company; Groupe Renault; Hino Motors, Ltd.; Isuzu Motors Ltd; Sany Heavy Industry Co., Ltd; BharatBenz; Ashok Leyland; Olectra Greentech Limited; Zhejiang Geely Holding Group Co., Ltd.; SAIC Motor Corp., Ltd.; Mitsubishi Electric Corporation; JAC Motors; Mercedes-Benz Group AG; MAN Truck & Bus SE; Drive Electro; Navistar; Lordstown Motors Corporation; Nikola Corporation; Workhorse Group Incorporated; Rivian R1T; Kenworth Truck Company; Mack Trucks, Inc; Freightliner Trucks; Tembici; Yellow; Merkx Electric Cars; Lucid Group Inc; Hitech Electric; Electric Import Motors; E-Moving; Origem; Emirates Global Motor Electric; MellowVans
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Electric Truck Market Characteristics

3. Electric Truck Market Trends And Strategies

4. Electric Truck Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Electric Truck Market Size and Growth

5.1. Global Electric Truck Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Electric Truck Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Electric Truck Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Electric Truck Market Segmentation

6.1. Global Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Light Duty Electric Truck

Medium Duty Electric Truck

Heavy Duty Electric Truck

6.2. Global Electric Truck Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Battery Electric Vehicle

Hybrid Electric Vehicle

Fuel Cell Electric Vehicle

6.3. Global Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Upto 150 Miles

151-300 Miles

Above 300 Miles

6.4. Global Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Last Mile Delivery

Long Haul Transportation

Refuse Services

Field Services

Distribution Services

7. Electric Truck Market Regional And Country Analysis

7.1. Global Electric Truck Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Electric Truck Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Electric Truck Market

8.1. Asia-Pacific Electric Truck Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Electric Truck Market

9.1. China Electric Truck Market Overview

9.2. China Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Electric Truck Market

10.1. India Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Electric Truck Market

11.1. Japan Electric Truck Market Overview

11.2. Japan Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Electric Truck Market

12.1. Australia Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Electric Truck Market

13.1. Indonesia Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Electric Truck Market

14.1. South Korea Electric Truck Market Overview

14.2. South Korea Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Electric Truck Market

15.1. Western Europe Electric Truck Market Overview

15.2. Western Europe Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Electric Truck Market

16.1. UK Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Electric Truck Market

17.1. Germany Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Electric Truck Market

18.1. France Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Electric Truck Market

19.1. Italy Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Electric Truck Market

20.1. Spain Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Electric Truck Market

21.1. Eastern Europe Electric Truck Market Overview

21.2. Eastern Europe Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Electric Truck Market

22.1. Russia Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Electric Truck Market

23.1. North America Electric Truck Market Overview

23.2. North America Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Electric Truck Market

24.1. USA Electric Truck Market Overview

24.2. USA Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Electric Truck Market

25.1. Canada Electric Truck Market Overview

25.2. Canada Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Electric Truck Market

26.1. South America Electric Truck Market Overview

26.2. South America Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Electric Truck Market

27.1. Brazil Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Electric Truck Market

28.1. Middle East Electric Truck Market Overview

28.2. Middle East Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Electric Truck Market

29.1. Africa Electric Truck Market Overview

29.2. Africa Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Electric Truck Market Competitive Landscape And Company Profiles

30.1. Electric Truck Market Competitive Landscape

30.2. Electric Truck Market Company Profiles

30.2.1. BYD Company Limited

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. AB Volvo

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Volkswagen AG

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Daimler Truck AG

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Paccar Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Electric Truck Market Other Major And Innovative Companies

31.1. Dongfeng Motor Company

31.2. Groupe Renault

31.3. Hino Motors, Ltd.

31.4. Isuzu Motors Ltd

31.5. Sany Heavy Industry Co., Ltd

31.6. BharatBenz

31.7. Ashok Leyland

31.8. Olectra Greentech Limited

31.9. Zhejiang Geely Holding Group Co., Ltd.

31.10. SAIC Motor Corp., Ltd.

31.11. Mitsubishi Electric Corporation

31.12. JAC Motors

31.13. Mercedes-Benz Group AG

31.14. MAN Truck & Bus SE

31.15. Drive Electro

32. Global Electric Truck Market Competitive Benchmarking

33. Global Electric Truck Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Electric Truck Market

35. Electric Truck Market Future Outlook and Potential Analysis

35.1 Electric Truck Market In 2028 - Countries Offering Most New Opportunities

35.2 Electric Truck Market In 2028 - Segments Offering Most New Opportunities

35.3 Electric Truck Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Electric Truck Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Electric Truck Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Electric Truck Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: BYD Company Limited Financial Performance

Table 76: AB Volvo Financial Performance

Table 77: Volkswagen AG Financial Performance

Table 78: Daimler Truck AG Financial Performance

Table 79: Paccar Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Electric Truck Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Electric Truck Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Electric Truck Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Electric Truck Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Electric Truck Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Electric Truck Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: BYD Company Limited Financial Performance

Figure 76: AB Volvo Financial Performance

Figure 77: Volkswagen AG Financial Performance

Figure 78: Daimler Truck AG Financial Performance

Figure 79: Paccar Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the electric truck market?

How will the electric truck market drivers and restraints affect the electric truck market dynamics? What forces will shape the electric truck industry going forward?

The electric truck market major growth driver - Government Incentives Fueling Growth In The Electric Truck Market. For further insights on the electric truck market, request a sample here

What is the forecast market size or the forecast market value of the electric truck market?

The electric truck market size has grown exponentially in recent years. It will grow from $2.71 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 49.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing demand for light-duty trucks, rising penetration of e-commerce, and reduced cost of ev batteries. The electric truck market size is expected to see exponential growth in the next few years. It will grow to $18.79 billion in 2028 at a compound annual growth rate (CAGR) of 46.9%. The growth in the forecast period can be attributed to increasing fuel prices, rising government support, growing and charging infrastructure. Major trends in the forecast period include use of augmented reality (ar) technology for real-time information, increasing product launches with focus on medium-duty applications and long range, increasing investments for expansion of manufacturing capabilities, and focus on strategic partnerships and collaborations for expanding product portfolio and geographic presence. For further insights on the electric truck market, request a sample here

How is the electric truck market segmented?

The electric truck market is segmented
1) By Vehicle Type: Light Duty Electric Truck, Medium Duty Electric Truck, Heavy Duty Electric Truck
2) By Propulsion: Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
3) By Range: Upto 150 Miles, 151-300 Miles, Above 300 Miles
4) By End-User: Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution ServicesFor further insights on the electric truck market, request a sample here

Which region has the largest share of the electric truck market? What are the other regions covered in the report?

Western Europe was the largest region in the electric truck market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the electric truck market, request a sample here.

Who are the major players in the electric truck market?

What are the key trends in the electric truck market?

Major trend in the electric truck market - Increasing Popularity Of Self-Driving Electric Trucks. For further insights on the electric truck market, request a sample here.

What are the major opportunities in the electric truck market? What are the strategies for the electric truck market?

For detailed insights on the major opportunities and strategies in the electric truck market, request a sample here.

How does the electric truck market relate to the overall economy and other similar markets?

For detailed insights on electric truck market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the electric truck industry?

For detailed insights on the mergers and acquisitions in the electric truck industry, request a sample here.

What are the key dynamics influencing the electric truck market growth? SWOT analysis of the electric truck market.

For detailed insights on the key dynamics influencing the electric truck market growth and SWOT analysis of the electric truck industry, request a sample here.