Electric Truck Market 2021: Size, Share, Trends, Industry Growth and Forecast 2026

electric truck market

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.

Report metric

History: 2015-2020

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:

Competitive Landscape:

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:

light truck
medium truck
heavy truck

Rupture by Propulsion:

Battery electric truck
Hybrid electric truck
Plug-in hybrid electric truck
Fuel cell electric truck

Breakdown by range:

0-150 miles
151-300 miles
Above 300 miles

Breakdown by application:

Logistics
Municipal
Construction
Mining
Others

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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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

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