Electric Trucks Market Size to Grow by 391.50 th Units | Growing Demand for Fuel-efficient and Low-emission Vehicles to Boost Growth | Technavio
NEW YORK, Nov. 25, 2021 /PRNewswire/ -- The electric trucks market is expected to grow by 391.50 th units from 2020 to 2025, progressing at a CAGR of 28.88%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.
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The electric trucks market is fragmented, and the degree of fragmentation is expected to accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The electric trucks market report covers the following areas:
Electric Trucks Market 2021-2025: Segmentation
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Electric Trucks Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
The growing demand for fuel-efficient and low-emission vehicles, stringent rules and regulations, and electric trucks creating long-term value for customers will offer immense growth opportunities. However, high upfront cost of electric trucks, lack of adequate support infrastructure for electric vehicles, and demand to increase mile range of electric trucks will challenge the growth of the market participants.
Electric Trucks Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the electric trucks market, including AB Volvo, BYD Co. Ltd., Daimler AG, Deutsche Post AG, Hino Motors Ltd., Nissan Motor Co. Ltd., PORSCHE AG, PACCAR Inc., Renault SA, and Tesla Inc. Backed with competitive intelligence and benchmarking, our research report on the electric trucks market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Electric Trucks Market 2021-2025: Parent Market Analysis
Technavio categorizes the global electric trucks market as a part of the global automotive market under the global automobiles and components industry. The parent market, the global automotive market, covers companies engaged in the production of vehicles such as passenger cars, commercial vehicles, and all-terrain vehicles. However, it does not include manufacturers of motorcycles, scooters, e-bikes, trike, and three-wheelers. Technavio calculates the size of the global automotive market based on the combined revenue generated by the manufacturers of automobiles such as passenger cars, commercial vehicles, and all-terrain vehicles. The growth of the global automotive market will be driven by factors such as idealizing concepts and inclusion of advanced features in vehicles, increasing number of mergers and acquisitions (M&A) and joint ventures (JVs), and integrating 3D printing to speed up automobile production.
Electric Trucks Market 2021-2025: Key Highlights
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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