Electric Truck Market 2021: Size, Share, Trends, Industry Growth and Forecast 2026
Electric Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
SHERIDAN, WY, USA, Feb. 27, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Electric Truck Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021 -2026”, the electric truck market exhibited strong growth during the period 2015-2020 and is expected to grow at a CAGR of approximately 20% over the next five years.
An electric truck refers to a utility vehicle that runs on rechargeable batteries for transporting goods. It is reliable and economical, minimizes carbon emissions and vehicle noise, and is equipped with regenerative braking systems and automatic start-stop facilities. It’s made from lightweight materials and widely available in hybrid variants that run on both gasoline and battery-powered engines.
Reference year: 2020
Forecast year: 2021-2026
Electric Truck Market Trends:
Rapid urbanization, booming automotive industry, and growing consumer preferences for hybrid and electric vehicles (H/EV) are some of the major factors positively influencing the market. In addition to this, government authorities in many countries are taking initiatives to encourage the adoption of electric trucks, minimize the consumption of fossil fuels and consequently reduce greenhouse gas (GHG) emissions, which supports growth. of the market. Additionally, various technological advancements including improvements in e-charging infrastructure and the use of magnetic resonance for wireless vehicle charging are other factors expected to drive the market.
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2021-2026 Global Electric Trucks Analysis and Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
AB Volvo, BYD Company Ltd., Daimler AG, FAW Group Co. Ltd., Navistar Inc., PACCAR Inc., Rivian Automotive Inc., Scania AB (Volkswagen AG), Tata Motors Limited, Tesla Inc. and Tevva Motors Limited.
The report has segmented the market based on region, vehicle type, drivetrain, range, and application.
Breakdown by type of vehicle:
Rupture by Propulsion:
Battery electric truck
Hybrid electric truck
Plug-in hybrid electric truck
Fuel cell electric truck
Breakdown by range:
Above 300 miles
Breakdown by application:
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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