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Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, End User and Region - Global Forecast to 2028
“Increasing focus of countries on the electrification of their public transport fleets and increasing demand for zero emission vehicles in the e-commerce and logistics sector are the significant growth drivers for the global electric commercial vehicle market”
The global electric commercial vehicle market size is projected to grow from 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1%. The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry. Many countries are focusing on the electrification of their public transportation fleets. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly vehicles. Increasing demand for fuel efficient and zero emission vehicles in the logistics sector is also driving the market.
“The growth of e-commerce and logistics is likely to propel the growth of the electric van segment during the forecast period”
The electric van segment is expected to grow at a faster rate as there is a high demand for these vans from the logistics sector, especially in the North American region. The growth of the logistics and e-commerce sectors are expected to drive the market for electric vans during the forecast period.
The usage of electric vans in the logistics sector would minimize the cost of transportation. Many leading logistics companies in North America and Europe have started using electric vans for shipping and delivery purposes. For instance, DHL, one of the leading logistics companies in the world, is using electric vans while Amazon announced plans to use electric delivery vans to be built by Rivian from 2021 onwards.
“Asia Pacific is expected to be the largest market during the forecast period”
The Asia Pacific region is the largest electric commercial vehicle market in the world. It comprises some of the fastest developing and developed economies in the world, such as China, India, and Japan. The market growth in the region can be attributed to the dominance of Chinese market in the electric bus segment and the presence of market leading OEMs in the country as well, resulting in the exponential growth of electric commercial vehicle industry in Asia Pacific. The large volumes of electric bus, favorable regulations for electric commercial vehicles, and rapidly growing logistics sector are projected to boost the electric commercial vehicle market in the region.
“North American market is expected to register the fastest growth during the forecast period”
The North American region is projected to be the fastest-growing market during the forecast period. The region is a hub to major players such as Proterra (California, U.S), Tesla (California, U.S), Workhorse Group (Ohio, U.S), Nikola Motor Company (Arizona, U.S) and Rivian (Michigan, U.S). North America is a key region for innovations; significant R&D; and technological advancements in electric vehicles, battery technologies, and charging solutions.
higher adoption rate for electric commercial vehicles.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
By Company Type:Tier I - 40%, Tier II - 42%, and Tier III - 18%,
By Designation: C Level - 57%, D Level - 29%, and Others - 14%
By Region: North America - 39%, Europe - 33%, and Asia Pacific - 28%
The electric commercial vehicle market comprises major manufacturers such as BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).
Research Coverage:
The market study covers the electric commercial vehicle market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by propulsion type, vehicle type, range, battery type, length of bus, power output, battery capacity, component, autonomous vehicles, End User and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the electric commercial vehicle market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges
Reasons to Buy the Report:
The report enables new entrants and smaller firms as well as established firms to understand the market better to help them acquire a larger market share. Firms purchasing the report could use any one or a combination of the 4 strategies (market development, product development/innovation, market diversification, and competitive assessment) mentioned below to strengthen their position in the market.
The report provides insights into the following points:
Market Penetration: The report offers comprehensive information about the electric commercial vehicle market and the top players in the market.
Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the electric commercial vehicle market.
Market Development: The report offers comprehensive information about the electric commercial vehicle market. The report analyses the electric commercial vehicle market across regions and provides comprehensive information about lucrative emerging markets.
Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the electric commercial vehicle market.
Table Of Contents
1 Introduction 1.1 Objectives Of The Study 1.2 Market Definition Table 1 Market Definition 1.2.1 Inclusions & Exclusions Table 2 Inclusions & Exclusions 1.3 Market Scope Figure 1 Market Segmentation: Electric Commercial Vehicle Market 1.3.1 Years Considered For Study 1.4 Package Size 1.5 Stakeholders 1.6 Summary Of Changes
2 Research Methodology 2.1 Research Data Figure 2 Electric Commercial Vehicle Market: Research Design Figure 3 Research Design Model 2.1.1 Secondary Data 2.1.1.1 Key Secondary Sources For Electric Commercial Vehicle Sales 2.1.1.2 Key Data From Secondary Sources 2.1.2 Primary Data Figure 4 Breakdown Of Primary Interviews 2.1.2.1 Sampling Techniques & Data Collection Methods 2.1.3 Primary Participants 2.2 Market Size Estimation Figure 5 Bottom-Up Approach: Electric Commercial Vehicle Market 2.3 Market Breakdown And Data Triangulation Figure 6 Data Triangulation 2.4 Assumptions & Associated Risks
3 Executive Summary Figure 7 Electric Commercial Vehicle Market: Market Dynamics Figure 8 Electric Commercial Vehicle Market, By Region, 2020–2028 Figure 9 Electric Commercial Vehicle Market, By Vehicle Type, 2020 Vs 2028 (Units)
4 Premium Insights 4.1 Attractive Opportunities In Electric Commercial Vehicle Market Figure 10 Increasing Demand For Fuel-Efficient And Emission-Free Vehicles Expected To Boost Growth Of Electric Commercial Vehicle Market From 2020 To 2028 4.2 Electric Commercial Vehicle Market Growth Rate, By Region Figure 11 Europe Estimated To Be Fastest Growing Electric Commercial Vehicle Market From 2020 To 2028 4.3 Electric Commercial Vehicle Market, By Vehicle Type Figure 12 Electric Bus Estimated To Be Largest Segment Of Electric Commercial Vehicle Market In 2020 (Units) 4.4 Electric Commercial Vehicle Market, By Propulsion Figure 13 Bev Expected To Be Largest Segment Of Electric Commercial Vehicle Market (Units) 4.5 Electric Commercial Vehicle Market, By Range Figure 14 150-300 Miles Expected To Be Largest Segment Of Electric Commercial Vehicle Market During Forecast Period 4.6 Electric Commercial Vehicle Market, By Length Of Bus Figure 15 9-14 M Expected To Be Largest Segment Of Electric Commercial Vehicle Market By 2028 (Units) 4.7 Electric Commercial Vehicle Market, By Battery Type Figure 16 Lithium-Nickel-Manganese-Cobalt Oxide Expected To Be Largest Segment Of Electric Commercial Vehicle Market By 2028 (Units) 4.8 Electric Commercial Vehicle Market, By Battery Capacity Type Figure 17 Above 250 Kwh Expected To Be Largest Segment Of Electric Commercial Vehicle Market By 2028 (Units) 4.9 Electric Commercial Vehicle Market, By Power Output Type Figure 18 Above 250 Kwh Expected To Be Largest Segment Of Electric Commercial Vehicle Market By 2028 (Units)
5 Market Overview 5.1 Introduction 5.2 Market Dynamics Figure 19 Electric Commercial Vehicle Market: Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand For Emission-Free Commercial Vehicles And Rising Adoption Of Electric Vehicles In The Logistics Industry 5.2.1.2 Government Support For Electric Commercial Vehicles Table 3 Government Programs For The Promotion Of Electric Commercial Vehicle Sales 5.2.1.3 Reduction In Battery Prices Figure 21 Decline In Battery Price/Kwh, 2010–2019 5.2.2 Restraints 5.2.2.1 High Development Cost Figure 22 Average Cost Of Diesel Vs Electric Buses 5.2.3 Opportunities 5.2.3.1 New Revenue Pockets In North America And Northern Europe Figure 23 North America Expected To Emerge As Best Market For Investment During Forecast Period 5.2.4 Challenges 5.2.4.1 Limited Battery Capacity Table 4 Battery Capacities Of Popular Electric Buses 5.2.4.2 Lack Of Ev Charging Infrastructure 5.3 Electric Commercial Vehicle Market, Market Scenarios (2020–2028) Figure 24 Electric Commercial Vehicle Market: Future Trends & Scenarios, 2020–2028 (’000 Units) 5.3.1 Electric Commercial Vehicle Market, Realistic Scenario Table 5 Electric Commercial Vehicle Market: Realistic Scenario, By Region, 2020–2028 (Units) 5.3.2 Electric Commercial Vehicle Market, Optimistic Scenario Table 6 Electric Commercial Vehicle Market: Optimistic Scenario, By Region, 2020–2028 (Units) 5.3.3 Electric Commercial Vehicle Market, Pessimistic Scenario Table 7 Electric Commercial Vehicle Market: Pessimistic Scenario, By Region, 2020–2028 (Units) Figure 25 Revenue Shift And Hot Bets In Electric Commercial Vehicle Market 5.4 Technology Trends 5.4.1 Introduction 5.4.2 Robo-Taxi 5.4.3 High Voltage Battery 5.4.4 Smart Electric Drive 5.5 Technology Analysis 5.5.1 Innovative Charging Solutions 5.5.1.1 Off-Board Top-Down Pantograph Charging System 5.5.1.2 On-Board Bottom-Up Pantograph Charging System 5.5.2 Ground-Based Static Charging System 5.6 Porter’s Five Forces Model Analysis 5.7 Electric Commercial Vehicle Market Ecosystem Figure 26 Electric Commercial Vehicle Market: Ecosystem Analysis 5.8 Supply Chain Analysis Figure 27 Supply Chain Analysis: Electric Commercial Vehicle Market 5.8.1 Electric Charging Infrastructure Providers 5.8.2 Tier Ii Suppliers 5.8.3 Tier I Suppliers 5.8.4 Oems 5.8.5 End Users Table 8 Electric Commercial Vehicle Market: Supply Chain Stakeholders And Their Strategies 5.9 Impact Analysis: Covid-19 5.9.1 Introduction To Covid-19 5.9.2 Covid-19 Health Assessment Figure 28 Covid-19: The Global Propagation Figure 29 Covid-19 Propagation: Select Countries 5.9.3 Covid-19 Economic Assessment Figure 30 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020 5.9.3.1 Covid-19 Economic Impact: Scenario Assessment Figure 31 Criteria Impacting The Global Economy Figure 32 Scenarios In Terms Of Recovery Of The Global Economy 5.9.4 Covid-19 Impact On Automotive Industry 5.9.5 Oem Announcements Table 9 Oem Announcements 5.9.6 Impact On Vehicle Production And Sales
6 Electric Commercial Vehicle Market, By Component 6.1 Introduction 6.2 Electric Motor 6.3 Ev Battery 6.4 Hydrogen Fuel Cell Stack
7 Electric Commercial Vehicle Market, By Autonomous Vehicle 7.1 Introduction 7.2 Electric Autonomous Truck 7.3 Electric Autonomous Bus
8 Electric Commercial Vehicle Market, By Battery Type 8.1 Introduction Figure 33 Nmc Segment To Dominate Electric Commercial Vehicles Market In Forecast Period Table 10 Electric Commercial Vehicles Market Size, By Battery Type, 2017–2019 (Units) Table 11 Electric Commercial Vehicles Market Size, By Battery Type, 2020–2028 (Units) 8.2 Operational Data Table 12 Electric Commercial Vehicle Data, Battery Type 8.2.1 Assumptions 8.2.2 Research Methodology 8.3 Lithium-Nickel-Manganese-Cobalt Oxide 8.3.1 Advancements In Battery Technology Boost Nmc Segment Table 13 Lithium-Nickel-Manganese-Cobalt Oxide Batteries In Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 14 Lithium-Nickel-Manganese-Cobalt Oxide Batteries In Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 8.4 Lithium-Iron-Phosphate 8.4.1 Low Prices Of Lfp Batteries Drive Market Table 15 Lithium-Iron-Phosphate Batteries In Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 16 Lithium-Iron-Phosphate Batteries In Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 8.5 Others 8.5.1 Oems Focus On R&D To Boost Market For Other Batteries Table 17 Other Batteries In Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 18 Other Batteries Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 8.6 Key Industry Insights
9 Electric Commercial Vehicles Market, By Battery Capacity 9.1 Introduction Figure 34 50-250 Kwh Segment To Grow Fastest During Forecast Period Table 19 Electric Commercial Vehicles Market Size, By Battery Capacity, 2017–2019 (Units) Table 20 Electric Commercial Vehicles Market Size, By Battery Capacity, 2020–2028 (Units) 9.2 Operational Data Table 21 Electric Commercial Vehicle Data, By Battery Capacity 9.2.1 Assumptions 9.2.2 Research Methodology 9.3 Less Than 50 Kwh 9.3.1 High Adoption Rate Of Electric Vans To Boost Less Than 50 Kwh Segment Table 22 Less Than 50 Kwh: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 23 Less Than 50 Kwh: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 9.4 50-250 Kwh 9.4.1 Affordable Electric Buses And Pick-Up Trucks Drive 50-250 Kwh Market In Asia Pacific Table 24 50-250 Kwh: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 25 50-250 Kwh: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 9.5 Above 250 Kwh 9.5.1 Buses With More Than 250 Kwh Battery Capacity Dominate Chinese Public Transport Fleet Table 26 Above 250 Kwh: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 27 Above 250 Kwh: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 9.6 Key Industry Insights
10 Electric Commercial Vehicles Market, By Length Of Bus 10.1 Introduction Figure 35 9-14 M Segment To Dominate Electric Commercial Vehicles Market In Forecast Period Table 28 Electric Commercial Vehicles Market Size, By Length Of Bus, 2017–2019 (Units) Table 29 Electric Commercial Vehicles Market Size, By Length Of Bus, 2020–2028 (Units) 10.2 Operational Data Table 30 Electric Commercial Vehicle Data, By Length Of Bus 10.2.1 Assumptions 10.2.2 Research Methodology 10.3 Less Than 9m 10.3.1 Wide-Scale Use Of Mini Buses On Compact Roads Drives Segment Table 31 Less Than 9m: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 32 Less Than 9m: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 10.4 9-14m 10.4.1 High Adoption For Public Transport Fleets Fuels Segment Growth Table 33 9 -14m: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 34 9-14 M: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 10.5 Above 14 M 10.5.1 Increasing Number Of Daily Commuters In Asia Pacific Boosts Above 14m Segment Table 35 Above 14m: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 36 Above 14m: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 10.6 Key Industry Insights
11 Electric Commercial Vehicles Market, By Propulsion Type 11.1 Introduction Figure 36 Bev Segment To Dominate Electric Commercial Vehicles Market In Forecast Period Table 37 Electric Commercial Vehicles Market Size, By Propulsion Type, 2017–2019 (Units) Table 38 Electric Commercial Vehicles Market Size, By Propulsion Type, 2020–2028 (Units) 11.2 Operational Data Table 39 Electric Commercial Vehicle Data, By Propulsion Type 11.2.1 Assumptions 11.2.2 Research Methodology 11.3 Bev 11.3.1 Bev Segment To Dominate In Asia Pacific Table 40 Bev: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 41 Bev: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 11.4 Fcev 11.4.1 Fcev Buses Already In Operation In Asia Pacific Table 42 Fcev: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 43 Fcev: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 11.5 Phev 11.5.1 Asia Pacific Projected To Be Largest Phev Market Table 44 Phev: Electric Commercial Vehicles Market, By Region, 2017–2019 (Units) Table 45 Phev: Electric Commercial Vehicles Market, By Region, 2020–2028 (Units) 11.6 Key Industry Insights
12 Electric Commercial Vehicle Market, By Power Output 12.1 Introduction Figure 37 Above 250 Kw Segment To Dominate Electric Commercial Vehicle Market In Forecast Period Table 46 Electric Commercial Vehicle Market Size, By Power Output, 2017–2019 (Units) Table 47 Electric Commercial Vehicle Market Size, By Power Output, 2020–2028 (Units) 12.2 Operational Data Table 48 Electric Commercial Vehicle Data Based On Power Output 12.2.1 Assumptions 12.2.2 Research Methodology 12.3 Less Than 100 Kw 12.3.1 Use Of Small Electric Vans For Shipping By Logistics Companies In Europe Table 49 Less Than 100 Kw: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 50 Less Than 100 Kw: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 12.4 100-250 Kw 12.4.1 Development Of Entry-Level Electric Pick-Up Trucks In North America Table 51 100-250 Kw: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 52 100-250 Kw: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 12.5 Above 250 Kw 12.5.1 Increasing Demand For Electric Trucks With High Power Output To Drive Market Table 53 Above 250 Kw: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 54 Above 250 Kw: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 12.6 Key Industry Insights
13 Electric Commercial Vehicle Market, By Range 13.1 Introduction Figure 38 Less Than 150 Miles Segment To Dominate Electric Commercial Vehicle Market In Forecast Period Table 55 Electric Commercial Vehicle Market Size, By Range, 2017–2019 (Units) Table 56 Electric Commercial Vehicle Market Size, By Range, 2020–2028 (Units) 13.2 Operational Data Table 57 Electric Commercial Vehicle Data Based On Range 13.2.1 Assumptions 13.2.2 Research Methodology 13.3 Less Than 150 Miles 13.3.1 Affordable Electric Vans To Drive Less Than 150 Miles Segment Table 58 Less Than 150 Miles: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 59 Less Than 150 Miles: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 13.4 150-300 Miles 13.4.1 High Adoption Rate Of Electric Buses To Boost Market Table 60 150-300 Miles: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 61 150-300 Miles: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 13.5 Above 300 Miles 13.5.1 Advancements In Battery Technologies To Drive Above 300 Miles Segment Table 62 Above 300 Miles: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 63 Above 300 Miles: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 13.6 Key Industry Insights
14 Electric Commercial Vehicle Market, By Vehicle Type 14.1 Introduction Figure 39 Electric Van Segment To Record Higher Cagr During Forecast Period (2020–2028) Table 64 Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 65 Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 14.2 Operational Data Table 66 Electric Commercial Vehicle Data Based On Vehicle Type 14.2.1 Assumptions 14.2.2 Research Methodology 14.3 Electric Bus 14.3.1 High Demand From Major Oems In Asia Pacific Table 67 Electric Bus: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 68 Electric Bus: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 14.4 Electric Pick-Up Truck 14.4.1 Asia Pacific To Lead Electric Pick-Up Truck Market In Forecast Period Table 69 Electric Pick-Up Truck: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 70 Electric Pick-Up Truck: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 14.5 Electric Truck 14.5.1 Advancements In Battery Technology To Boost Electric Truck Market Table 71 Electric Truck: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 72 Electric Truck: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 14.5.2 Medium-Duty And Heavy-Duty Trucks 14.5.3 Adoption Of Electric Medium-Duty And Heavy-Duty Trucks For Short And Long Ranges To Boost Market Table 73 Electric Medium-Duty And Heavy-Duty Truck: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 74 Electric Medium-Duty And Heavy-Duty Truck: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 14.6 Electric Van 14.6.1 Increasing Demand From Logistics Sector To Drive Electric Van Market Table 75 Electric Van: Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 76 Electric Van: Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 14.7 Key Industry Insights
15 Electric Commercial Vehicle Market, By End-User 15.1 Introduction Figure 40 Higher Adoption Of Electric Commercial Vehicles For Last Mile Delivery Services 15.1.1 Last Mile Delivery And Distribution Services Segments Are Likely To Lead Market Table 77 Electric Commercial Vehicle Market, By End-User, 2019–2028 (Units) 15.2 Operational Data Table 78 Operational Data: Electric Commercial Vehicle Data Based On Vehicle Type 15.2.1 Assumptions 15.2.2 Research Methodology 15.3 Last Mile Delivery 15.4 Field Services 15.5 Distribution Services 15.6 Long Haul Transportation 15.7 Refuse Services 15.8 Key Industry Insights
16 Electric Commercial Vehicle Market, By Region 16.1 Introduction 16.2 Asia Pacific To Lead Electric Commercial Vehicle Market In Forecast Period Figure 41 Electric Commercial Vehicle Market, By Region, 2020 Vs. 2028 (Units) Table 79 Electric Commercial Vehicle Market, By Region, 2017–2019 (Units) Table 80 Electric Commercial Vehicle Market, By Region, 2020–2028 (Units) 16.3 Asia Pacific Figure 42 Asia Pacific: Electric Commercial Vehicle Market Snapshot Table 81 Asia Pacific: Electric Commercial Vehicle Market, By Country, 2017–2019 (Units) Table 82 Asia Pacific: Electric Commercial Vehicle Market, By Country, 2020–2028 (Units) 16.3.1 China Table 83 China: Key Government Policy Measures And Targets To Advance Deployment Of Electric Heavy-Duty Vehicles 16.3.1.1 Electric Buses To Dominate The Chinese Market Table 84 China: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 85 China: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.3.2 Japan Table 86 Japan: Key Government Policy Measures And Targets To Advance Deployment Of Electric Heavy-Duty Vehicles 16.3.2.1 Presence Of Many Renowned Oems Providing Advanced Electric Vans Table 87 Japan: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 88 Japan: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.3.3 India Table 89 India: Key Government Policy Measures And Targets To Advance Deployment Of Electric Heavy-Duty Vehicles 16.3.3.1 Indian Electric Commercial Vehicle Market To Witness Rapid Growth Table 90 India: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 91 India: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.3.4 South Korea Table 92 South Korea: Key Government Policy Measures And Targets To Advance Deployment Of Electric Heavy-Duty Vehicles 16.3.4.1 Increasing Focus On Electrifying Public Transport Table 93 South Korea: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 94 South Korea: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4 Europe Table 95 Key Ev Policy Measures And Targets For European Union Figure 43 Europe: Electric Commercial Vehicle Market, By Country, 2020 Vs. 2028 (Units) Table 96 Europe: Electric Commercial Vehicle Market, By Country, 2017–2019 (Units) Table 97 Europe: Electric Commercial Vehicle Market, By Country, 2020–2028 (Units) 16.4.1 France Table 98 Key Ev Policy Measures And Targets For France 16.4.1.1 Electric Van Segment Dominates Market Table 99 France: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 100 France: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.2 Germany Table 101 Key Ev Policy Measures And Targets For Germany 16.4.2.1 Electrification Of Public Transport Fleet To Boost Electric Bus Segment Table 102 Germany: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 103 Germany: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.3 Spain Table 104 Key Ev Policy Measures And Targets For Spain 16.4.3.1 Government Focus On Replacing Existing Transport Fleets Expected To Positively Impact Electric Bus Segment Table 105 Spain: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 106 Spain: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.4 Austria Table 107 Key Ev Policy Measures And Targets For Austria 16.4.4.1 Electric Van Segment To Lead Austrian Market Table 108 Austria: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 109 Austria: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.5 Norway Table 110 Key Ev Policy Measures And Targets For Norway 16.4.5.1 Logistics Industry To Replace Conventional Means Of Transport With Advanced And Efficient Electric Vans Table 111 Norway: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 112 Norway: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.6 Sweden Table 113 Key Ev Policy Measures And Targets For Sweden 16.4.6.1 Presence Of Market Leading Oems To Boost Electric Commercial Vehicle Market Table 114 Sweden: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 115 Sweden: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.7 Switzerland Table 116 Key Ev Policy Measures And Targets For Switzerland 16.4.7.1 Favorable Government Regulations To Boost Electric Commercial Vehicle Market Table 117 Switzerland: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 118 Switzerland: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.8 The Netherlands Table 119 Key Ev Policy Measures And Targets For The Netherlands 16.4.8.1 Oems To Play Important Role In Boosting Electric Commercial Vehicle Market Table 120 The Netherlands: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 121 The Netherlands Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.9 Belgium Table 122 Key Ev Policy Measures And Targets For Belgium 16.4.9.1 Higher Adoption Rate To Benefit Electric Commercial Vehicle Market Table 123 Belgium: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 124 Belgium: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.10 Uk Table 125 Key Ev Policy Measures And Targets For Uk 16.4.10.1 Government Boost For Emission-Free Buses To Help Market Growth Table 126 Uk: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 127 Uk: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.11 Italy Table 128 Key Ev Policy Measures And Targets For Italy 16.4.11.1 Government Incentives To Boost Electric Commercial Vehicle Market Table 129 Italy: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 130 Italy: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.12 Denmark Table 131 Key Ev Policy Measures And Targets For Denmark 16.4.12.1 Favorable Regulations And Tax Policies To Boost Electric Commercial Vehicle Market Table 132 Denmark: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 133 Denmark: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.13 Portugal Table 134 Key Ev Policy Measures And Targets For Portugal 16.4.13.1 Increasing Adoption Of Electric Vans To Boost Electric Commercial Vehicle Market Table 135 Portugal: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 136 Portugal: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.4.14 Ireland Table 137 Key Ev Policy Measures And Targets For Ireland 16.4.14.1 Favorable Policies To Support Growth Of Electric Commercial Vehicle Market Table 138 Ireland: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 139 Ireland: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.5 North America Figure 44 North America: Electric Commercial Vehicle Market Snapshot Table 140 North America: Electric Commercial Vehicle Market, By Country, 2017–2019 (Units) Table 141 North America: Electric Commercial Vehicle Market, By Country, 2020–2028 (Units) 16.5.1 Us Table 142 Key Ev Policy Measures And Targets For Us 16.5.1.1 Electric Pick-Up Truck Segment To Lead Electric Commercial Vehicle Market Table 143 Us: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 144 Us: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units) 16.5.2 Canada Table 145 Key Ev Policy Measures And Targets For Canada 16.5.2.1 Electric Truck Segment To Dominate Electric Commercial Vehicle Market Table 146 Canada: Electric Commercial Vehicle Market, By Vehicle Type, 2017–2019 (Units) Table 147 Canada: Electric Commercial Vehicle Market, By Vehicle Type, 2020–2028 (Units)
17 Competitive Landscape 17.1 Market Evaluation Framework Figure 45 Market Evaluation Framework 17.2 Overview Figure 46 Key Developments By Leading Players, 2017–2020 17.3 Market Share Analysis For Electric Commercial Vehicle Market Figure 47 Market Share Analysis, 2019 17.4 Ranking Analysis For Electric Commercial Vehicle Market Figure 48 Market Ranking Analysis, 2019 17.5 Market Evaluation Framework: Revenue Analysis Of Top Listed/Public Players Figure 49 Top Public/Listed Players Dominate Electric Commercial Vehicle Market In Last 3 Years 17.6 Competitive Scenario 17.6.1 New Product Developments Table 148 New Product Developments, 2017–2020 17.6.2 Mergers & Acquisitions Table 149 Mergers & Acquisitions, 2017–2020 17.6.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures/Agreements Table 150 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2017–2020 17.6.4 Expansions Table 151 Expansions, 2017–2020 17.7 Competitive Leadership Mapping 17.7.1 Stars 17.7.2 Emerging Leaders 17.7.3 Pervasive 17.7.4 Emerging Companies Figure 50 Electric Commercial Vehicle Market: Competitive Leadership Mapping, 2019 17.8 Strength Of Product Portfolio Figure 51 Product Portfolio Analysis Of Top Players In Electric Commercial Vehicle Market 17.9 Business Strategy Excellence Figure 52 Business Strategy Excellence Of Top Players In Electric Commercial Vehicle Market 17.1 Start-Up/Sme Evaluation Matrix, 2019 17.10.1 Progressive Companies 17.10.2 Responsive Companies 17.10.3 Dynamic Companies 17.10.4 Starting Blocks Figure 53 Sme Electric Commercial Vehicle Market: Competitive Leadership Mapping, 2019 17.11 Winners Vs. Tail-Enders Table 152 Winners Vs. Tail-Enders
18 Company Profiles (Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)* 18.1 Byd Figure 54 Byd: Company Snapshot Table 153 Byd: Products Offered Table 154 Byd: New Product Launches/Expansions Table 155 Byd: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions Table 156 Automotive & Related Revenue Share Over The Years Figure 55 Byd: Swot Analysis 18.2 Yutong Figure 56 Yutong: Company Snapshot Table 157 Yutong: Products Offered Table 158 Yutong: New Product Developments/Expansions Table 159 Yutong: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions Figure 57 Yutong: Swot Analysis 18.3 Proterra Table 160 Proterra: Products Offered Table 161 Proterra: New Product Developments/Expansions Table 162 Proterra: Partnerships/Collaborations/Joint Ventures/Supply Contracts/Agreements/Mergers & Acquisitions Figure 58 Proterra: Swot Analysis 18.4 Vdl Groep Figure 59 Vdl Groep: Company Snapshot Table 164 Vdl Groep: New Product Launches/Expansions Table 165 Vdl Groep: Partnerships/Collaborations/Joint Ventures/Supply Contracts/Agreements/Mergers & Acquisitions Figure 60 Vdl Groep: Swot Analysis 18.5 Ab Volvo Figure 61 Ab Volvo: Company Snapshot Table 166 Ab Volvo: Products Offered Table 167 Ab Volvo: New Product Developments/Expansions Table 168 Ab Volvo: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions Figure 62 Ab Volvo: Swot Analysis 18.6 Daimler Ag Figure 63 Daimler Ag: Company Snapshot Table 169 Daimler Ag: Products Offered Table 170 Daimler Ag: New Product Developments/Expansions Table 171 Daimler Ag: Partnerships/Collaborations/Joint Ventures/ Supply Contracts/Agreements/Mergers & Acquisitions 18.7 Nfi Group Figure 64 Nfi Group: Company Snapshot Table 172 Nfi Group: Products Offered Table 173 Nfi Group: New Product Developments/Expansions Table 174 Nfi Group: Partnerships/Collaborations/Joint Ventures/Supply Contracts/Agreements/Mergers & Acquisitions 18.8 Caf Figure 65 Caf: Company Snapshot Table 175 Caf: Product Offerings Table 176 Caf: New Product Developments/Expansions Table 177 Caf: Partnerships/Collaborations/Joint Ventures/Contracts & Agreements/Mergers & Acquisitions 18.9 Ebusco B.V. Table 178 Ebusco B.V.: Products Offered Table 179 Ebusco B.V.: New Product Developments Table 180 Ebusco B.V.: Partnerships/Collaborations/Joint Ventures/ Supply Contracts/Agreements/Mergers & Acquisitions 18.10 King Long Table 181 King Long: Products Offered Table 182 King Long: New Product Developments/Expansions Table 183 King Long: Partnerships/Collaborations/Joint Ventures/Supply Contracts/Agreements/Mergers & Acquisitions 18.11 Ankai Table 184 Ankai: Products Offered Table 185 Ankai: Expansions 18.12 Zhongtong Bus Holding Table 186 Zhongtong Bus Holding: Products Offered Table 187 Zhongtong Bus Holding: Expansion Table 188 Zhongtong Bus Holding: Partnerships/Collaborations/Joint Ventures/Supply Contracts/Agreements/Mergers & Acquisitions *Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies. 18.13 Other Key Players 18.13.1 North America 18.13.1.1 Blue Bird Corporation 18.13.1.2 Rivian 18.13.1.3 Zenith Motors 18.13.1.4 Chanje Energy 18.13.1.5 Bollinger Motors 18.13.1.6 Workhorse Group 18.13.1.7 Nikola Motor Company 18.13.1.8 Xos Trucks 18.13.1.9 Atlis Motor Vehicles 18.13.2 Asia 18.13.2.1 Tata Motors 18.13.2.2 Ashok Leyland 18.13.2.3 Changsha Sunda New Energy Technology Co., Ltd. 18.13.2.4 Kaiyun Motors 18.13.2.5 Infraprimelogistics Technologies Pvt. Ltd. (Iplt) 18.13.3 Europe 18.13.3.1 Scania 18.13.3.2 Irizar 18.13.3.3 Emoss Mobile Systems Bv 18.13.3.4 Arrival
19 Appendix 19.1 Key Insights Of Industry Experts 19.2 Discussion Guide 19.3 Knowledge Store: Marketsandmarkets’ Subscription Portal 19.4 Available Customizations 19.5 Related Reports 19.6 Author Details
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