“Electric Truck market worth $37.2 billion in 2019” says Visiongain report
14 January 2019
Visiongain’s new report the Electric Truck Market Report : Forecasts by Truck Type (Medium Duty, Heavy Duty), by Power Type (Battery Electric Truck (BET), Hybrid Electric Truck (HET), Plug-In Hybrid Electric Truck (PHET), Hydrogen Fuel-Cell Electric Truck (HCET), by Application (On-Road, Off-Road), by Region Plus Analysis of Leading Companies indicates that the global electric truck market will reach $37.2 Billion in 2019.
The lead analyst of the report said, "Global mobility traffic has grown tremendously over the past few years. Additionally, it is anticipated that, by the end of 2030, the smart and electric vehicles volume will contribute more than 45% of the total automotive production. Furthermore, the local and national governments are imposing stricter emissions targets for commercial vehicles, which enforce the government to look for ways to incentivize fleets to invest in medium and heavy duty fuel efficiency technologies as well as cleaner burning fuels. Though conventional diesel powered vehicles are becoming cleaner and more efficient, the additional initial and operating costs associated with these changes are helping to reduce the incremental cost of moving to electric assisted and all electric powertrain trucks. Along with the stricter environmental regulations, technology advances and production experience in similar product types such as the electric bus market can be transferred readily to trucks, and the growing demand for electric cars has stimulated investment in battery manufacturing that has resulted in falling battery pack costs. However, even with these positive factors, electric drive trucks are still expected to remain a niche market during the first half of the forecast period."
The 242 pages report contains 147 tables, charts and graphs that add visual analysis in order to explain developing trends within the electric truck market. Visiongain provides revenue forecasts for the period 2019-2029 for the five leading regional submarkets, namely North America, Europe, Asia Pacific, Middle East & Africa, and Latin America and 11 leading countries within those regions. The report also includes forecasts for the truck type market and performance assessments for four emerging and next-generation electric trucks based on power type and applications.
The comprehensive report offers market forecasts and analysis for 11 leading national markets In addition, the report contains a dedicated leading companies’ chapter covering more than 11 companies leading the field in electric trucks.
The Electric Truck Market Report 2019-2029 report will be of value to anyone who wants to understand better the electric truck market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the electric vehicle industry.
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