According to the latest report by IMARC Group, titled, “Electric Truck Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global electric truck market reached a value of US$ 426.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1923.2 Million by 2027, exhibiting a CAGR of 30.15% during 2022-2027.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

An electric truck refers to a commercial vehicle operating on rechargeable batteries for transporting cargo. It is reliable and cost-effective,minimizes carbon emission and vehicular noise, and equipped with regenerative braking systems and automatic start and stop facilities. It is manufactured using lightweight materials and widely available in hybrid variants that operate via both fuel-gas and battery-operated engines.

Electric Truck Market Trends

Rapid urbanization, burgeoning automotive industry, and rising consumer preferences for hybrid and electric vehicles (H/EVs)are among the major factors positively influencing the market. In addition to this, governing authorities of numerous countries are undertaking initiatives to encourage the adoption of electric trucks, minimize the consumption of fossil fuels and consequently reduce greenhouse (GHG) emissions, which is bolstering the growth of the market. Furthermore, various technological advancements, including enhancements in the electronic charging infrastructure and the usage of magnetic resonance for wireless vehicle charging, are other factors anticipated to drive the market.

Request Free Sample Report: imarcgroup.com/electric-truck-market/reques..

Global Electric Truck 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the 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 on the based on region, vehicle type, propulsion, range and application.

Breakup by Vehicle Type:

Light-duty Truck Medium-duty Truck Heavy-duty Truck

Breakup by Propulsion:

Battery Electric Truck Hybrid Electric Truck Plug-in Hybrid Electric Truck Fuel Cell Electric Truck

Breakup by Range:

0-150 Miles 151-300 Miles Above 300 Miles

Breakup by Application:

Logistics Municipal Construction Mining Others

Breakup by Region:

North America:(United State,Canada) Asia-Pacific:(China, Japan,India, South Korea,Australia, Indonesia,Others) Europe: (Germany,France,United Kingdom,Italy,Spain,Russia,Others Latin America: (Brazi,Mexico,Others) Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: imarcgroup.com/electric-truck-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St Ste R Sheridan, WY 82801 USA Email: sales@imarcgroup.com Website: imarcgroup.com