Electric Truck Market Industry Outlook, Size, Growth Factors, and Forecast 2032
Electric Truck Market Overview
Maximize Market Research has published a report on the global Electric Truck Market, providing a comprehensive overview of the market, its dynamics, regional insights, and competitive landscape. The report is a valuable resource for investors and key players, providing insights that can be used to make informed decisions about the market.
Market Growth Projection:
The Electric Truck Market size was valued at USD 4.03 Billion in 2024 and the total Electric Truck revenue is expected to grow at a CAGR of 28.2% from 2025 to 2032, reaching nearly USD 29.46 Billion.
Electric Truck Market Report Scope and Research Methodology
The Electric Truck market report provides a comprehensive assessment of the global market, including insights into the industry's stakeholders. The report includes detailed information on the Electric Truck market's value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and Electric Truck market size.
The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR's report is the result of a multi-method study that included Porter's, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the Electric Truck market size. Primary and secondary research methodologies were used to collect the data for the Electric Truck market report. These methods were used to shed light on the key financial considerations of Electric Truck key players.
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Segmentation :
by Propulsion
Battery Electric Trucks (BEVs)
Hybrid Electric Trucks (HEVs)
Plug-in Hybrid Electric Trucks (PHEVs)
by Type
Light-duty Electric Trucks
Medium-duty Electric Trucks
Heavy-duty Electric Trucks
by Range
Short Range (Up to 150 Miles)
Medium Range (150-300 Miles)
Long Range (300-500 Miles)
Ultra-Long Range (500+ Miles)
by Battery Type
Lithium-Ion (Li-ion) Batteries
Solid-State Batteries
Lead-Acid Batteries
Nickel-Metal Hydride (NiMH) Batteries
by End Use
Logistics and Transportation Companies
E-commerce and Retail
Municipalities and Public Services
Construction and Infrastructure Development
Manufacturing and Industrial Sector
Others
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Electric Truck Market Regional Insights
A detailed analysis of all five regions including North America, Asia Pacific, Europe, Middle East and Africa and South America is provided in the Electric Truck market report.
Key Players :
Global
1. Tesla, Inc. (Palo Alto, California, USA)
2. BYD Company Ltd. (Shenzhen, Guangdong, China)
3. Daimler AG (Mercedes-Benz) (Stuttgart, Germany)
4. AB Volvo Group (Gothenburg, Sweden)
5. Nikola Corporation (Phoenix, Arizona, USA)
North America
1. Rivian Automotive, Inc. (Plymouth, Michigan, USA)
2. General Motors Company (Detroit, Michigan, USA)
3. Ford Motor Company (Dearborn, Michigan, USA)
4. Workhorse Group Inc. (Loveland, Ohio, USA)
5. Lordstown Motors Corp. (Lordstown, Ohio, USA)
6. XPeng Inc. (Guangzhou, Guangdong, China)
7. Chanje Energy Inc. (Los Angeles, California, USA)
8. Kenworth (PACCAR Inc.) (Bellevue, Washington, USA)
9. Peterbilt (PACCAR Inc.) (Denton, Texas, USA)
10. Ryder System, Inc. (Miami, Florida, USA)
Europe
1. Scania AB (Volkswagen Truck & Bus) (Sweden)
Asia Pacific
1. XPeng Inc. (Guangzhou, Guangdong, China)
2. SAIC Motor Corporation Limited (Shanghai, China)
3. China National Heavy Duty Truck Group Co., Ltd. (SINOTRUK) (Jinan, Shandong, China)
4. Hino Motors, Ltd. (Hino, Tokyo, Japan)
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Key Questions answered in the Electric Truck Market Report are:
- What is the forecast period of the Electric Truck market report?
- What was the Electric Truck market size in 2022?
- What is the expected Electric Truck market size by 2029?
- What is the expected Electric Truck market size by the end of the forecast period?
- Which segment in the Electric Truck market is expected to grow rapidly during the forecast period?
- Who are the Electric Truck key players in the industry?
- What key trends are expected to emerge in the Electric Truck market during the forecast period?
- Which region dominated the global Electric Truck market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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