Electric Van Market Size to Grow by 204.51 th Units | Development of Charging Infrastructure for EVs to Boost Growth | Technavio
NEW YORK, Nov. 25, 2021 /PRNewswire/ -- The electric van market is expected to grow by 204.51 th units from 2020 to 2025. It is expected to decelerate at a CAGR of 27.49%, according to Technavio. The report provides a thorough analysis as well as exact growth variance and Y-O-Y growth rate.
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The electric van market is fragmented, and the degree of fragmentation will decelerate 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 van market report covers the following areas:
Electric Van Market 2021-2025: Segmentation
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Electric Van 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 development of charging infrastructure for EVs, government subsidies and incentives, and preference for electric vans as economical mode of cargo and passenger transportation will offer immense growth opportunities. However, insufficient charging infrastructure, issues associated with batteries, and rising sales of mini trucks will challenge the growth of the market participants.
Electric Van Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the electric van market, including BYD Co. Ltd., Daimler AG, Ford Motor Co., Groupe PSA, Mahindra & Mahindra Ltd., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp., Volkswagen AG, and Workhorse Group Inc. Backed with competitive intelligence and benchmarking, our research report on the electric van 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 Van Market 2021-2025: Regional Analysis
Technavio's market research report includes detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors. Our reports assist organizations in creating efficient business plans. Based on segmentation by geography, the electric van market has been classified into five regions, namely APAC, Europe, North America, South America, and MEA. According to our analysis, APAC is expected to dominate the market, accounting for 49% of the market's growth during the forecast period. China and Japan are the key countries for the electric vans market in APAC. The market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
Electric Van 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 provide 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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