Electric Commercial Vehicle Market Size, Share & Trends Analysis, By Type ( Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs)) By Application (Freight Transport, Public Transport, Construction & Mining, Logistics & Distribution, Others) , Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape, Statistics & Forecast 2023–2030 (Updated Version Available)

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
The global electric commercial vehicle market, valued at USD 45.60 billion in 2024, is projected to grow to USD 253.91 billion by 2031, with an impressive CAGR of 27.8%.

 

Rubix Market Research published a new report titled “Electric Commercial Vehicle Market by Type ( Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs)), By Application (Freight Transport, Public Transport, Construction & Mining, Logistics & Distribution, Others) and Region (North America, Europe, Asia-Pacific, LAMEA), By players Tesla, Inc. (USA), Rivian Automotive, Inc. (USA), BYD Company Ltd. (China), Volvo Group (Sweden), Daimler AG (Germany), Scania AB (Sweden), Nikola Corporation (USA), MAN SE (Germany), Chinese Commercial Vehicle Group (China), Lordstown Motors (USA) Forecast From 2023 To 2030”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Attributes Report Details
Base Year 2022
Study Timeline 2023–2030
Segment By Type, By Application, By Geography
By Type Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs)
By Application Freight Transport, Public Transport, Construction & Mining, Logistics & Distribution, Others
By Geography North America, Europe, Asia-Pacific, LAMEA
key players Tesla, Inc. (USA), Rivian Automotive, Inc. (USA), BYD Company Ltd. (China), Volvo Group (Sweden), Daimler AG (Germany), Scania AB (Sweden), Nikola Corporation (USA), MAN SE (Germany), Chinese Commercial Vehicle Group (China), Lordstown Motors (USA)

 

The report covers full-scale data on the factors (trends, drivers, restraints and opportunities) that impact the market dynamics of the industry. Also, it furnishes a thorough analysis of the market segments including the product types, applications, types and the competitive landscape.

 

Electric Commercial Vehicle Market Report Segments:

Electric Commercial Vehicle Market by Type Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), By Application Freight Transport, Public Transport, Construction & Mining, Logistics & Distribution, Others

 

Electric Commercial Vehicle Market

 

By Type
  • Battery Electric Vehicles (BEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)
By Application
  • Freight Transport
  • Public Transport
  • Construction & Mining
  • Logistics & Distribution
  • Others

 

Some of the companies that are profiled in this report are:

  • Tesla, Inc. (USA)
  • Rivian Automotive, Inc. (USA)
  • BYD Company Ltd. (China)
  • Volvo Group (Sweden)
  • Daimler AG (Germany)
  • Scania AB (Sweden)
  • Nikola Corporation (USA)
  • MAN SE (Germany)
  • Chinese Commercial Vehicle Group (China)
  • Lordstown Motors (USA)

 

The Electric Commercial Vehicle Market research report puts light on the supreme competitors and provides a worms eye view about their market share, trends and market scenarios during the forecast period. It also uncovers their mergers and acquisitions, inventions, new product launch, change in business policies and major collaborations.

 

Interest Points for Stakeholders :

  • Strategy defining Drivers, restraints, and opportunities
  • Competitive Benchmarking.
  • Identifying high prospective regions.
  • Market size from 2018-2030, in terms of value.
  • Recent developments & key strategies of competitors.

 

Overview of the regional outlook of the Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

 

Electric Commercial Vehicle Market

 

Underlining Features of The Market Report :

  • Complete market dynamics and projections for the coming years.
  • Positioning of major market players and competitive landscape
  • Comprehensive supply and demand side scenarios with the current market dynamics.
  • Developments and trends in the market.
  • SWOT analysis for competitors, PESTEL & PORTER's analysis for the market.
  • By Type:
  • Battery Electric Vehicles (BEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)
  • By Application:
  • Freight Transport
  • Public Transport
  • Construction & Mining
  • Logistics & Distribution
  • Others

 

Our study of the research begins with the secondary research using the data triangulation method by top down and bottom up approach. This strengthens our research base and helps in understanding the product type, market dynamics, end use patterns, pricing trends, import-export data etc. This is further verified through our primary sources which largely includes interviews from industry experts at different designations. Consequently, the data is analysed and validated with various market estimation methodologies.

 

Advantages of Using Our Report :

  • Identifying the top players and their strategies.
  • Understanding competitive landscape.
  • Can strategize expanding the business in other segments.
  • Identifying consumer insights.
  • Can strategize entering into the market.

 

Reasons to Purchase the Electric Commercial Vehicle Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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