Electric Commercial Vehicle Market Report Identifies AB Volvo, BYD Co. Ltd., Daimler AG as the Dominant Players | Technavio

NEW YORK, Aug. 11, 2021 /PRNewswire/ — The electric commercial vehicle market is poised to grow by 531.99 thousand units…

NEW YORK, Aug. 11, 2021 /PRNewswire/ — The electric commercial vehicle market is poised to grow by 531.99 thousand units during 2020-2024, progressing at a CAGR of almost 25% during the forecast period. This research report has classified industry-focused market players into dominant and strong categories on the basis of their market positioning. AB Volvo (Sweden), BYD Co. Ltd. (China), Daimler AG (Germany), Ford Motor Co. (US), Hyundai Motor Co. (South Korea (Republic of Korea)), Navistar International Corp. (US), Nissan Motor Co. Ltd. (Japan), Tata Motors Ltd. (India), Tesla Inc. (US), and Toyota Motor Corp. (Japan) are the dominant players discussed in detail in this report.

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The report identifies the increasing adoption of EVs for improved logistics and transportation as one of the major factors driving the growth of the market. In addition, rising technological advances in ECVs, a growing focus on minimizing vehicular emissions, and surging favorable government initiatives will further accelerate the market growth. However, high costs associated with ECVs and the availability of alternatives are some factors anticipated to hinder the market to flourish during the forecast period.

Electric Commercial Vehicle Market 2020-2024: Scope

Electric Commercial Vehicle Market Sizing

Electric Commercial Vehicle Market Forecast

Electric Commercial Vehicle Market Analysis

The Electric Commercial Vehicle Market is segmented by Product (LCVs, Buses, and Heavy and medium commercial vehicles) and Geography (APAC, North America, Europe, South America, and MEA). In terms of Product, the LCVs segment constituted the largest segment in 2019 and is likely to maintain its dominance during the forecast period. By geography, APAC is likely to contribute the fastest incremental growth of 86% during the forecast period due to the presence of a huge number of automobile manufacturers, technological advances, and favorable government policies in the emerging and advanced economies of the region.

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Key Topics Covered:

1. Executive Summary                                           

2. Market Landscape                                             

        2.1 Market ecosystem                             

                Exhibit 01:  Parent market                        

                Exhibit 02:  Market characteristics                         

                2.2 Value chain analysis                           

                                2.2.1 Inputs    

                                2.2.2 Inbound logistics

                                2.2.3 Automobile manufacturers           

                                2.2.4 Distribution and logistics

                                2.2.5 Marketing and sales         

                                2.2.6 Aftermarket and service

3. Market Sizing                                       

                3.1 Market definition               

              Exhibit 04:  Offerings of vendors included in the market definition                          

                3.2 Market segment analysis                 

              Exhibit 05:  Market segments                  

                3.3 Market size 2019                 

                3.4 Market outlook: Forecast for 2019 – 2024                 

            Exhibit 06:  Global – Market size and forecast 2019 – 2024 (thousand units)            

4. Five Forces Analysis                                          

           4.1 Five Forces Summary                        

        Exhibit 09:  Five forces analysis 2019 & 2024                     

                4.2 Bargaining power of buyers                           

                4.3 Bargaining power of suppliers                       

                4.4 Threat of new entrants                    

                4.5 Threat of substitutes                         

                4.6 Threat of rivalry                   

                4.7 Market condition                

              Market condition – Five forces 2020         

5. Market Segmentation by Product                                            

The three segments have been ranked based on their volume in 2019. The LCVs segment constituted the largest segment in 2019, while the smallest segment was heavy and medium commercial vehicles. The 2019 market position of all the segments will likely remain the same in 2024. The ranking of none of the segments will change by 2024, and this indicates that the market composition will see limited changes.      

Buy the electric commercial vehicle market forecast report for exhaustive analytical data on the segmentations.                               

                5.1 Market segments               

Exhibit 16:  Product by volume – Market share 2019-2024 (%)                   

                5.2 Comparison by Product                    

Exhibit 17:  Comparison by Product                      

                5.3 LCVs – Market size and forecast 2019-2024                               

  Exhibit 18:  LCVs – Market size and forecast 2019-2024 (thousand units)               

Exhibit 19:  LCVs- Market size and forecast 2019-2024 (million tons), exclusive of COVID-  19 impact                               

                Exhibit 20:  LCVs – Year-over-year growth 2019-2024 (%)                             

                5.4 Buses – Market size and forecast 2019-2024                             

              Exhibit 21:  Buses – Market size and forecast 2019-2024 (thousand units)                            

Exhibit 22:  Buses- Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact                               

                Exhibit 23:  Buses – Year-over-year growth 2019-2024 (%)                           

                5.5 Heavy and medium commercial vehicles – Market size and forecast 2019-2024                         

Exhibit 24:  Heavy and medium commercial vehicles – Market size and forecast 2019-2024 (thousand units)                   

Exhibit 25:  Heavy and medium commercial vehicles – Market size and forecast 2019-2024 (million tons), exclusive of COVID-19 impact                        

Exhibit 26:  Heavy and medium commercial vehicles – Year-over-year growth 2019-2024 (%)                      

                5.6  Market opportunity by Product        

6. Customer landscape                                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria                     

                Exhibit 27:  Customer landscape                            

                                Customer landscape analysis        

7. Geographic Landscape                                     

The five regions have been ranked based on their market size in 2019. APAC ranked first as the largest region, while MEA was the smallest region in 2019. In 2024, the five regions will maintain their position as that of 2019. This is indicative of limited changes in the geographical composition of the market, given that the ranking of no region will change by 2024.              

Buy the report now to obtain meticulously researched actionable insights on the emerging and potential regional markets.            

                7.1 Geographic segmentation               

        Exhibit 29:  Market share by geography 2019-2024 (%)                

                7.2 Geographic comparison                   

              Exhibit 30:  Geographic comparison                      

                7.3 APAC – Market size and forecast 2019-2024                              

                Exhibit 31:  APAC – Market size and forecast 2019-2024 (thousand units)                             

Exhibit 32:  ECV market in APAC 2019-2024 (thousand units), exclusive of COVID-19 impact                        

                Exhibit 33:  APAC – Year-over-year growth 2019-2024 (%)                           

                7.4 North America – Market size and forecast 2019-2024                           

                Exhibit 34:  North America – Market size and forecast 2019-2024 (thousand units)           

Exhibit 35:  ECV market in North America 2019-2024 (thousand units), exclusive of COVID-19 impact                               

                Exhibit 36:  North America – Year-over-year growth 2019-2024 (%)                         

                7.5 Europe – Market size and forecast 2019-2024                          

                Exhibit 37:  Europe – Market size and forecast 2019-2024 (thousand units)                         

Exhibit 38:  ECV market in Europe 2019-2024 (thousand units), exclusive of COVID-19 impact                     

      Exhibit 39:  Europe – Year-over-year growth 2019-2024 (%)                        

                7.6 South America – Market size and forecast 2019-2024                           

              Exhibit 40:  South America – Market size and forecast 2019-2024 (thousand units)           

Exhibit 41:  ECV market in South America 2019-2024 (thousand units), exclusive of COVID-19 impact                               

                7.7 MEA – Market size and forecast 2019-2024                               

                Exhibit 43:  MEA – Market size and forecast 2019-2024 (thousand units)                              

Exhibit 44:  ECV market in MEA 2019-2024 (thousand units), exclusive of COVID-19 impact          

                Exhibit 45:  MEA – Year-over-year growth 2019-2024 (%)                             

                7.9 Key leading countries                        

                Exhibit 46:  Key leading countries                          

                7.10  Market opportunity by geography                           

              Exhibit 47:  Market opportunity by geography ($ million)      

8. Drivers, Challenges, and Trends                                   

           8.1 Volume drivers – Demand led growth                        

                                8.1.1 Growing focus on reducing vehicular emissions    

                                8.1.2 Increasing adoption of EVs for improved logistics and transportation          

                                8.1.3 Favorable government initiatives               

                8.2 Market challenges                              

                                8.2.1 High costs associated with ECVs  

                                8.2.2 Limitations associated with ECVs

                                8.2.3 Availability of alternatives                             

                8.3 Market trends                      

                                8.3.1 Growing focus on strategies to develop advanced ECVs    

                                8.3.2 Technological advances in ECVs   

                                8.3.3 Integration of telematics and autonomous technologies         

9. Vendor Landscape                                             

               9.1 Overview               

                9.2 Vendor landscape               

                9.3 Landscape disruption                        

              Analysis of Criticality of inputs and Factors of differentiation                     

                Competitive scenario                  

                9.4 Landscape disruption                        

Technavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption                            

          Industry risks 

10.  Vendor Analysis                                              

            10.1  Vendors covered                            

                10.2  Market positioning of vendors                  

                10.3  AB Volvo                             

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus                              

                10.4  BYD Co. Ltd.                       

              Overview                         

              Business Segments                      

              Key Offering                   

              Segment Focus                              

                10.5  Daimler AG                        

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus                              

                10.6  Ford Motor Co.                

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus                              

                10.7  Hyundai Motor Co.                         

          Overview                         

          Business Segments                      

          Key Offering                   

          Segment Focus                              

                10.8  Navistar International Corp.                       

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus                              

                10.9  Nissan Motor Co. Ltd.                    

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus                              

                10.10 Tata Motors Ltd.                             

          Overview                         

          Business Segments                      

          Key Offering                   

          Segment Focus                              

                10.11 Tesla Inc.                           

            Overview                         

            Business Segments                      

            Key Offering                   

            Segment Focus                              

                10.12 Toyota Motor Corp.                      

                Overview                         

                Business Segments                      

                Key Offering                   

                Segment Focus          

11. Appendix                                            

     11.1 Scope of the report                        

                                11.1.1 Market definition            

                                11.1.2 Objectives         

                                11.1.3 Notes and Caveats                          

                11.2  Currency conversion rates for US$                           

                11.3  Research methodology                

                11.4  List of abbreviations

 

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