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Electric Commercial Vehicles - Global Strategic Business Report

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    Report

  • 399 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303273
Description Jump to:
The global market for Electric Commercial Vehicles is estimated at 493.2 Thousand Units in 2023 and is projected to reach 2.2 Million Units by 2030, growing at a CAGR of 20.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Battery Electric Vehicles (BEVs) segment, which is expected to reach 1.8 Million Units by 2030 with a CAGR of 21.4%. The Other Propulsion Types segment is also set to grow at 16.3% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 52.5 Thousand Units in 2023, and China, forecasted to grow at an impressive 19.1% CAGR to reach 1.2 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Electric Commercial Vehicles Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Commercial Vehicles Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Electric Commercial Vehicles Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Bayerische Motoren Werke AG (BMW GROUP), BYD Co., Ltd., AB Volvo, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 74 Featured):

  • Bayerische Motoren Werke AG (BMW GROUP)
  • BYD Co., Ltd.
  • AB Volvo
  • Anhui Jianghuai Automobile Co., Ltd.
  • Blue Bird Corporation
  • Anhui Ankai Automobile Co., Ltd.
  • Beijing Automotive Group Co., Ltd.
  • Clean Fuel Energy Enterprise Co., Ltd.
  • CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
  • Dongfeng Motor Corporation
  • AVEVAI
  • Atlis Motor Vehicles
  • CROYANCE AUTO
  • Bollinger Motors
  • Arrival Ltd.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Electric Commercial Vehicles - Global Key Competitors Percentage Market Share in 2023 (E)
  • Urgent Need to Address Climate Change Provides the Foundation for the Evolution of Green Mobility
  • As Global Air Continues to Become Toxic Amid Half Hearted Sustainability Efforts, Green Mobility is No longer an Option But a Critical Survival Strategy: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021 and 2022
  • Auto Industry & Its Unsustainable Carbon Footprint Provides the Foundation for the Growth of Commercial EVs
  • Inability of Conventional ICE Powered Vehicles to Demonstrate Desired Reductions in CO2 Emissions to Drive the Focus on Electric Vehicles: Official Laboratory CO2 Reduction Claims Vs On-Road Emission Efficiency (In Grams per Kilometer) for the Years 2008, 2010, 2012, 2014, 2016, 2018 and 2022
  • "Let the Data Speak for Itself": Lifecycle GHG Emissions for Medium-Size Passenger Cars by Type (In g-CO2eq/km) As of the Year 2022
  • Global Economic Update
  • Here’s How Global Market Prospects & Outlook for CVs Impacts Electric CVs
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • World Brands
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Will Russia-Ukraine War Impact EV Production?
  • Growing Signs of Long-Run of High Inflation & the Need for Long-Term Efforts to Control it Bodes Well for Commercial EVs. Surprised! Read On
  • The Lesser Known Link Between Inflation & Climate Change to Accelerate Big-Time Migration to Electrified Commercial Vehicles: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • EVs Can Be a Powerful Weapon to Displace Oil & Reduce Fossil Fuel Ecosystem’s Impact on Climate Change: Global Oil Displacement by EVs (In 000 Barrels) for Years 2019, 2021, & 2023
  • Despite EVs Displayed Resilience to Supply Chain Disruptions Till Date, Chip Shortage Continues to Remain a Cause for Worry
  • Semiconductor Fab Production Expansion is Time Consuming & Can Therefore Provide No Immediate Relief: Time Required to Increase Fab Production by Parameter
  • As the Wait for Chips Continues, EV Manufacturers Turn Nervous as Fears Over Production Stalling Takes Hold: Global Lead Times for Chips (In Weeks) for Years 2017 Through 2022
  • Stringent Regulations Encompassing Emission Control & Phase-Out of Fossil Fuel Vehicles to Spur Growth in the Market
  • A Strong Freight Trucking Industry Supported by Rise in Global Trade & Retail Brings Cheer for Electric Trucks
  • A Robust Freight Trucking Outlook Increases the Chances of Operators Having More EVs in their Fleet: Global Freight Trucking Revenues for Years 2020, 2022, 2024 and 2026 (In US$ Billion) by Geographic Region
  • Distributed Energy (DE) Provides the Infrastructure Foundation for the Adoption & Proliferation of Electric CVs
  • Distributed Generation to Power EV Charging Infrastructure & Catalyze Adoption of Electric CVs: Global Investments in Distributed Generation (DG) (In US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Growing Funds Injected into Smartening the Electricity Grid to Benefit EV Support Infrastructure by Enabling More Effective Management of EV Charging Load: Global Investments in Smart Grids (In US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Robust Spike in e-Commerce Sales Bodes Well for Electrified Last Mile Delivery
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
  • Rising Average Vehicle Life Provides a Fertile Environment for Upgrading to Low-Emission and Fuel Efficient CVs
  • With Several Governments Imposing 15 Years as the Retirement Age for Vehicles, the Growing Age of Vehicles is Poised to Benefit Replacements by EVs: Average Age of Cars & Light Trucks in the United States (In Years) for the Years 1980, 1990, 2000, 2015, 2020 and 2022
  • Advancements in Battery Technology Remains Vital for the Proliferation of Electric CVs
  • With Electric CV Commercialization Critically Hinged Onto Cost of Lithium-Ion Batteries, Promised Decline in Battery Costs Strengthens Long-Term Market Outlook: Cost of Automotive Lithium Ion Battery Packs In US$ per kWh for Years 2015, 2020 & 2025
  • Exhibit Global Demand for Lithium-ion Batteries (In Gigawatt Hours) in Electric Vehicles for the Years 2020, 2023, 2026, 2029 & 2030
  • Have We Exploited the Full Potential of Lithium Ion? The Flat Lining of Traditional Lithium Ion Battery Highlights the Need for Innovation to Push the Limits of the Technology Further: Energy Density of Traditional LIBs Vs LIBs With Silica (SiO2) as Next Gen Anode Material (In (Wh/L) for the Year 2011, 2021 and 2031
  • Effervescent Ongoing Innovations Around EV Batteries to Help Accelerate Performance of EVs & Their Mass Market Adoption in the Coming Decade: Global Market for EV Batteries (In US$ Billion) for Years 2022 2024 2026, 2028 and 2028
  • Is Lithium in Short Supply & Should Battery Manufacturers & EV Vehicle OEMs be Concerned?
  • Lithium Demand On an Upward Trajectory: Global Lithium Demand (In 1000 Metric Tons) for the Years 2022, 2024, 2026, 2028 and 2030
  • Opportunities Exist for Expansion of Lithium Production, But Doing So Will Attract Environmental Criticism: Lithium Reserves & Production (In 1000 Tons) in Major Countries as of the Year 2022
  • Not All Smooth Sailing - Growing Demand for Battery Metals to Squeeze EV Supply Chains & Send OEMs Scrambling to Secure Supplies: Global Demand for Battery Materials (In KT) by Application for Years 2020, 2025 & 2030
  • Nickle Prices Soar to an 11 Year High on the London Metal Exchange On the Back of Growing EV Demand: Nickle Price Per Ton (in US$) as of Jan-2021, Dec-2021 and Jan-2022
  • Which Battery Technology Will Dominate the EV Battery Market? Global % Share of EV Battery Technology for the Year 2025
  • Solid State EV Batteries is the Only Hope for Overcoming the Threat of Raw Material Shortages
  • The Race to Mass-Market Solid State EVs Has Begun & Here’s What Industry Experts Believe About the Time to Mass Market: % Breakdown of Opinions of Respondents About the Commercialization Timeline
  • How Many Batteries Will the Industry Crank Up? Global Solid State EV Battery Market (In Units) for Years 2025, 2028 & 2030
  • Developing EV Charging Infrastructure Remains Key to Continued Growth of Commercial EVs
  • What Happens When the Energy Infrastructure is Not Ready? A Paradoxical Scenario Where Energy Shortages Force Governments to Impose Restrictions on EV Charging
  • Shared EV Charging Rises as a Solution to Charging Infrastructure Bottlenecks
  • Innovations in EV Charging Crucial to Overcome Infrastructure Problems
  • Growing Demand for Shared Electric Mobility Spurs Electrification of Car Rental Fleets
  • As Shared EV Mobility Explodes Into a Major Trend, Fleet Operators Focus Migrating to Cleaner & Greener EV Fleets: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
  • With the Future of Commercial Transportation Being Electric, Here’s How Fleet Operators Can Be Prepared
  • Here’s Why the Expanding Commercial EV Fleet Will Need Exclusive EV Fleet Management Systems
  • AI Powers the Rapidly Evolving EV Ecosystem
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Electric Commercial Vehicles Market Analysis of Annual Sales in Units for Years 2020 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Electric Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 3: World 10-Year Perspective for Electric Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for BEV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 5: World 10-Year Perspective for BEV by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 6: World Recent Past, Current & Future Analysis for Other Propulsion Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 7: World 10-Year Perspective for Other Propulsion Types by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for NMC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 9: World 10-Year Perspective for NMC by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for LFP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 11: World 10-Year Perspective for LFP by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 12: World Recent Past, Current & Future Analysis for Other Battery Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 13: World 10-Year Perspective for Other Battery Types by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Last Mile Delivery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 15: World 10-Year Perspective for Last Mile Delivery by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Distribution Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 17: World 10-Year Perspective for Distribution Services by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 18: World Recent Past, Current & Future Analysis for Field Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 19: World 10-Year Perspective for Field Services by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Refuse Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 21: World 10-Year Perspective for Refuse Services by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Long Haul Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2023 through 2030 and % CAGR
  • Table 23: World 10-Year Perspective for Long Haul Transportation by Geographic Region - Percentage Breakdown of Volume Registrations for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 24: World Historic Review for Electric Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 25: World Historic Review for BEV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 26: World Historic Review for Other Propulsion Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 27: World Historic Review for Long Haul Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 28: World Historic Review for Last Mile Delivery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 29: World Historic Review for Distribution Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 30: World Historic Review for Field Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 31: World Historic Review for Refuse Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 32: World Historic Review for NMC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 33: World Historic Review for LFP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
  • Table 34: World Historic Review for Other Battery Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Registrations in Units for Years 2020 through 2022 and % CAGR
III. MARKET ANALYSIS
UNITED STATES
  • Electric Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPANCHINA
EUROPE
  • Electric Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE
ASIA-PACIFIC
  • Electric Commercial Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bayerische Motoren Werke AG (BMW GROUP)
  • BYD Co., Ltd.
  • AB Volvo
  • Anhui Jianghuai Automobile Co., Ltd.
  • Blue Bird Corporation
  • Anhui Ankai Automobile Co., Ltd.
  • Beijing Automotive Group Co., Ltd.
  • Clean Fuel Energy Enterprise Co., Ltd.
  • CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
  • Dongfeng Motor Corporation
  • AVEVAI
  • Atlis Motor Vehicles
  • CROYANCE AUTO
  • Bollinger Motors
  • Arrival Ltd.

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