Electric Commercial Vehicle Market Share, Size, Demand, Growth, Outlook and Forecast 2023-2028

 According to IMARC Group’s latest report, titled “Electric Commercial Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global electric commercial vehicle market size reached US$ 91.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 451.7 Billion by 2028, exhibiting a growth rate (CAGR) of 30.3% during 2023-2028.

Industry Definition and Application:

Electric commercial vehicles refer to self-propelling automobiles that are designed to operate on battery-based electric engines. These vehicles include numerous low- to heavy-duty automobiles, such as buses, vans, trucks, tractors, harvesters and loaders.



Widely used for transporting goods as well as passengers, these vehicles are characterized by several operational benefits and low maintenance costs. Consequently, they find numerous applications across the agriculture, mining, logistics and construction sectors.

Request to Get the Sample Report: https://www.imarcgroup.com/electric-commercial-vehicle-market/requestsample

Market Trends and Drivers:

The market is primarily driven by the increasing demand for eco-friendly commercial vehicles across numerous industries. These electric commercial vehicles are mostly powered by unconventional power sources, such as rechargeable batteries or solar panels, thereby providing a boost to their sales across the globe.

This is further supported by the implementation of several favorable governmental regulations that promote the use of electric vehicles. Various governments are now offering tax rebates and subsidies for purchasing these vehicles, which is acting as another major growth-inducing factor.

Some of the other factors contributing to the market growth include the increasing focus on electrification of public transport fleets and rising investments for the upgradation of electric vehicle (EV) charging infrastructures.

Competitive Landscape With Key Players:

The competitive landscape of the electric commercial vehicle market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • AB Volvo
  • Anhui Ankai Automobile Co. Ltd.
  • BYD Company Ltd.
  • Construcciones y Auxiliar de Ferrocarriles S.A.
  • Daimler AG
  • Ebusco B.V.
  • King Long United Automotive Industry Co. Ltd
  • NFI Group Inc.
  • Proterra Inc.
  • VDL Groep B.V.
  • Zhengzhou Yutong Bus Co. Ltd.
  • Zhongtong Bus Holding Co. Ltd.

Key Market Segmentation:

The report has segmented the global electric commercial vehicle market based on vehicle type, propulsion type, application, battery type, battery capacity and region.

Breakup by Vehicle Type:

  • Electric Bus
  • Electric Pickup Truck
  • Electric Truck
  • Electric Van

Breakup by Propulsion Type:

  • BEV
  • HEV
  • FCEV
  • PHEV

Breakup by Application:

  • Cargo
  • Passenger

Breakup by Battery Type:

  • Lithium-Nickel-Manganese-Cobalt Oxide Batteries
  • Lithium-Iron-Phosphate Batteries
  • Others

Breakup by Battery Capacity:

  • Less Than 50 kWh
  • 50-250 kWh
  • Above 250 kWh

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=2356&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States

Comments

Post a Comment

Popular posts from this blog

Deep Space Exploration and Technology Market Growth, Share, Outlook, Demand, Report 2023-2028

Image
 MARC Group, a leading market research company, has recently released report titled “Deep Space Exploration and Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” The study provides a detailed analysis of the industry, including the global deep space exploration and technology market demand, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights: How big is the deep space exploration and technology market ? Report Attributes Details Market Size in 2022 US$ 34.17 Billion Market Forecast in 2028 US$ 49.21 Billion Growth rate (2023 to 2028) CAGR of 5.75% Base Year of the Analysis 2022 Forecast Period 2023-2028 What is Deep Space Exploration and Technology? Deep space exploration and technology enclose the scientific investigation and examination of the vast expanse beyond the atmosphere, focusing particularly on the scrutin
Read more

Invisible Orthodontics Market Demand, Growth, Trends and Forecast 2023-2028

Image
IMARC Group, a leading market research company, has recently released a report titled “ Invisible Orthodontics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global  invisible orthodontics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How large is the invisible orthodontics market? The global invisible orthodontics market size reached  US$ 3.5 Billion in 2022 . Looking forward, IMARC Group expects the market to reach  US$ 7.1 Billion by 2028 , exhibiting  a growth rate (CAGR) of 12.2% during 2023-2028 . What is invisible orthodontics? Invisible orthodontics, also known as clear aligner therapy or invisible braces, refers to a type of orthodontic treatment that uses transparent, removable aligners to straighten teeth and correct dental misalignments. This mode
Read more

Fogless Mirrors Market Demand, Share, Growth, Report till 2028

Image
IMARC Group, a leading market research company, has recently releases report titled “ Fogless Mirrors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The study provides a detailed analysis of the industry, including the global fogless mirrors market demand , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How big is the fogless mirrors market? The global fogless mirrors market size reached US$ 472.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 651.2 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028 . What is the fogless mirror? Fogless mirrors are primarily installed in the bathroom to prevent the occurrence of condensation while taking a shower or running a hot tap on the basin. The mirrors provide clear reflection and are available in two types, reservoir-based and coated anti-fog mir
Read more