Global Electric Commercial Vehicles Industry

Global Electric Commercial Vehicles Industry

  • April 2021 •
  • 381 pages •
  • Report ID: 6031427 •
  • Format: PDF
Abstract:
- Global Electric Commercial Vehicles Market to Reach 805.1 Thousand Units by 2027
- Amid the COVID-19 crisis, the global market for Electric Commercial Vehicles estimated at 89.3 Thousand Units in the year 2020, is projected to reach a revised size of 805.1 Thousand Units by 2027, growing at a CAGR of 36.9% over the analysis period 2020-2027. BEV, one of the segments analyzed in the report, is projected to record a 39% CAGR and reach 438.6 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PHEV segment is readjusted to a revised 36.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 23.9 Thousand Units, While China is Forecast to Grow at 45.7% CAGR
- The Electric Commercial Vehicles market in the U.S. is estimated at 23.9 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 223.7 Thousand Units by the year 2027 trailing a CAGR of 45.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.2% and 33.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.6% CAGR.
- FCEV Segment to Record 32.3% CAGR
- In the global FCEV segment, USA, Canada, Japan, China and Europe will drive the 31.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 15.5 Thousand Units in the year 2020 will reach a projected size of 103.9 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 130.5 Thousand Units by the year 2027, while Latin America will expand at a 33.6% CAGR through the analysis period.

- Select Competitors (Total 42 Featured) -
  • AB Volvo
  • Ankai
  • Arrival
  • Ashok Leyland
  • Atlis Motor Vehicles
  • Blue Bird Corporation
  • Bollinger Motors
  • CAF Group
  • Changsha Sunda New Energy Technology Co., Ltd
  • Chanje Energy
  • Ebusco Bv
  • Emoss Mobile Systems
  • Infraprimelogistics Technologies Pvt. Ltd. (Iplt)
  • Irizar
  • Kaiyun Motors
  • King Long
  • NFI Group
  • Nikola Motor Company
  • Proterra
  • Rivian
  • Scania
  • Tata Motors
  • VDL Groep
  • Workhorse Group
  • Xos Trucks
  • Yutong
  • Zenith Motors
  • Zhongtong Bus Holding