Electric Trucks Market Snapshot

Exclusive Report on Electric Trucks Market: SWOT Analysis, Key Player, Market Growth, Size, and Forecast till 2028

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An exclusive report title “Electric Trucks Market” published by Evolve Business Intelligence provides a detailed analysis of market size and forecast with key insights such as current and future trends, consumption pattern, end-user preference, growth and restraining factor, and company profiling. According to the report published, the global electric trucks market size was valued at $ 495.1 Million in 2020 and is expected to reach $ 3,165.6 Million by 2028 growing at the CAGR of 25.31% from 2021 to 2028.

Major Players in Electric Trucks Market:

  • AB VOLVO
  • BYD Company Ltd.
  • DAIMLER
  • MAN
  • SCANIA
  • Dongfeng Motor Group Co., Ltd
  • Rivian
  • Tata Motors
  • Tesla
  • Workhorse

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COVID-19 Impact Analysis
The global Electric Trucks market is expected to have a positive impact in the near future (2020 & 2021) due to the temporary halt in the manufacturing facilities. The employees/ industry executives had a slowdown of the distribution channel due to supply chain disruption. The import and export supply of products has been impacted due to the temporary cross-border restriction.

Market Segment By Range (0-150 Miles, 151-300 Miles, 300 Miles Above): 300 Miles Above segment to grow at the highest CAGR during the forecast period.

Market Segment By Propulsion (Battery Electric Truck, Hybrid Electric Truck, Plug-In Hybrid Electric Truck, Fuel Cell Electric Truck): Hybrid Electric Truck Segment accounted for the largest market size in 2020.

Market Segment By Vehicle Type (Light Duty Electric Truck, Medium Duty Electric Truck, Heavy Duty Electric Truck): Medium Duty Electric Truck Segment to account for the highest CAGR during the forecast period.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

The geographic coverage in the study includes the factors that impact the growth and affecting the market across each region. The region study is categorized based on the production, consumption, growth rate, supply-demand analysis, import & export in each country. In Electric Trucks Market, North America is expected to grow at the highest CAGR during the forecast period. The report also includes the detailed analysis of the companies associated with the Electric Trucks Market by region with major factors such as manufacturing facilities, revenue generated, production capacity, market share, product portfolio, and SWOT Analysis.

Report Coverage:

  • What is the market size in 2020 and Forecast from 2021 to 2028?
  • What are the growth factors and trends coupled with opportunities and challenges?
  • Who are the key players associated with the Electric Trucks Market?
  • What is the market share and key player positioning in Electric Trucks Market?
  • What are the Strength, Weaknesses, Threats, and Opportunities of Each Company in Electric Trucks Market?

About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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