Global Electric Commercial Vehicles Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Electric Commercial Vehicles Market Report by The Business Research Company covers electric commercial vehicles market drivers and restraints, electric commercial vehicles market size, major players, and the impact of COVID-19 on the electric commercial vehicles market.
The electric commercial vehicles market consists of sales of electric commercial vehicles and related services. Electric commercial vehicles are electrically-powered, self-propelled electric vehicles used for transportation that helps reduce greenhouse gas releases (GHG) and pollution and works with the help of both electric motors working in tandem. Electric commercial vehicles are used for the delivery of goods and for transport, such as a passenger, that are powered by batteries and includes buses, trucks, vans and pick-up trucks.
The support from the government to promote use of commercial electrical vehicles is driving the market. The global electric commercial vehicles market is expected grow from $60.11 billion in 2020 to $63.71 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $121.01 billion in 2025 at a CAGR of 17%.
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Some electric commercial vehicles market trends include companies implementing strategic partnerships for the production of electric commercial vehicles. Strategic partnerships in electric commercial vehicles involve sharing of resources and expertise that enhances the product and multiplies the result. It attracts popularity from consumers and other stakeholders, helping to increase the investment while reducing costs.
Global electric commercial vehicles market segments include:
1) By Propulsion Type: BEV, PHEV, FCEV.
2) By Vehicle Type: Electric Bus, Electric Truck, Electric Pick-Up Truck, Electric Van.
3) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Others.
4) By Technology: Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Electric Commercial Vehicles Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides electric commercial vehicles market overviews, analyzes and forecasts market size, share, electric commercial vehicles market players, electric commercial vehicles market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electric commercial vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electric Commercial Vehicles Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: BYD, Proterra, AB Volvo, Daimler AG, Nissan, ABB, Scania AB, Tesla, Nikola Motor Company, Tata Motors, EBUSCO, Emoss Mobile Systems, ZHONGTONGBUS Bus Holding Co., Ltd, Ashok Leyland Ltd., Dongfeng Motor Corp., Hino Motors Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electric Commercial Vehicles Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Electric Commercial Vehicles Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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