Electric Commercial Vehicle Market worth 1,890 thousand units by 2027 - PowerPoint PPT Presentation

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Electric Commercial Vehicle Market worth 1,890 thousand units by 2027

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Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027 – PowerPoint PPT presentation

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Title: Electric Commercial Vehicle Market worth 1,890 thousand units by 2027


1
MarketsandMarkets Presents

Electric Commercial Vehicle Market worth 1,890
thousand units by 2027
https//www.marketsandmarkets.com/Market-Reports/e
lectric-commercial-vehicle-market-16430819.html
2
The report "Electric Commercial Vehicle Market by
Propulsion Type, Vehicle Type, Range, Battery
Type, Length of Bus, Power Output Type, Battery
Capacity Type, Component Type, Autonomous
Vehicles Type, and Region - Global Forecast to
2027", is projected to grow from 261 thousand
units in 2020 to reach 1,890 thousand units by
2027, at a CAGR of 32.7. Browse 137 market data
Tables and 53 Figures spread through 173 Pages
and in-depth TOC on "Electric Commercial Vehicle
Market The growth of the electric commercial
vehicle market can be attributed to the
increasing focus of countries on the
electrification of their public transport fleets
and the increasing demand for zero emission
vehicles in the logistics sector. Advancements in
battery pack technologies and electric
powertrains are some of the major factors driving
the growth of the electric commercial vehicle
industry. Factors such as rise in pollution and
environmental hazards, stringent government
regulations, and stiff competition have compelled
automotive OEMs to make fuel-efficient and
environment-friendly vehicles. Thus, the electric
commercial vehicle market is expected to witness
significant growth in the future. Get The PDF
Brochure For This Report _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id16430819
3
Asia Pacific is expected to lead the global
market during the forecast period The Asia
Pacific region is the largest electric commercial
vehicle market in the world. It comprises some of
the fastest developing and developed economies in
the world, such as China, India, and Japan. The
market growth in the region can be attributed to
the dominance of Chinese market in the electric
bus segment and the presence of market leading
OEMs in the country as well, resulting in the
exponential growth of electric commercial vehicle
market in Asia Pacific. The large demand for
electric buses, favorable regulations for
electric commercial vehicles, and the rapidly
growing logistics sector are expected to boost
the electric commercial vehicle market in the
region. The electric van segment is expected to
grow at the highest CAGR The electric van
segment is expected to be the fastest market as
there is a high demand for electric vans from the
logistics sector, especially in the European
region. The increasing demand for electric vans
in the logistics sector and focus on the
electrification of public transport fleet are
driving the electric commercial vehicle market in
Europe. The growth of the logistics and
e-commerce sectors is expected to drive the
market for electric vans during the forecast
period. The usage of electric vans in the
logistics sector would minimize the cost of
transportation. Many leading logistics companies
in Europe and North America have started using
electric vans for shipping and delivery purposes.
4
Europe France is expected to lead the European
market The European region is projected to be
the fastest-growing market during the forecast
period. The region is a hub to major players such
as AB Volvo (Sweden), VDL Bus and Coach
(Netherlands), Daimler (Germany), CAF (Spain),
EBUSCO (Netherlands), Scania (Sweden), and Emoss
Mobile Systems (Netherlands). Europe is a key
region for innovations significant RD and
technological advancements in electric vehicles,
battery technologies, and charging
solutions. France is the largest market in
Europe, followed by Germany. France, which is one
of the largest automotive hubs in the European
region, is home to many established OEMs
providing electric vehicles and also has a higher
adoption rate for electric commercial
vehicles. The global electric commercial vehicle
market is dominated by major players such as BYD
(China), Yutong (China), Proterra (US), VDL Groep
(Netherlands), and AB Volvo (Sweden). To speak
to our analyst for a discussion on the above
findings, click Speak to Analyst
5
  • Critical Aspects
  • Governments are working with OEMs to electrify
    public transport fleets and build charging
    stations. How will this transform the overall
    electric commercial vehicle market?
  • How will fast-paced developments in battery
    technologies change the dynamics of this market?
  • The industry is focusing on different powertrain
    technologies. Which are the leading companies
    working on it, and what organic and inorganic
    strategies have been adopted by them?
  • The fuel cell commercial vehicle segment is
    expected to have a significant market during the
    forecast. How will this transform the overall
    electric commercial vehicle market?
  • Analysis of your competition, including major
    players in this market and ecosystem. The major
    players are NFI Group (Canada), King Long United
    Automotive (China), CAF (Spain), and Ankai
    (China), among others.  
  • Request FREE Sample Report _at_ https//www.marketsan
    dmarkets.com/requestsampleNew.asp?id16430819

6
About MarketsandMarkets MarketsandMarkets
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impact 70 to 80 of worldwide companies
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and SMEs at MarketsandMarkets are tracking
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proactive collaboration with the clients to
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urbochargers-market-919.html
7
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