AP NEWS
ADVERTISEMENT
Press release content. The AP news staff was not involved in its creation.
Related topics
PRESS RELEASE: Paid content
Press release content. The AP news staff was not involved in its creation.

Assessment of COVID-19′s Effect on Electric Trucks Market 2020-2024 | Presence of Government Initiatives and Availability of Subsidies to Augment Growth | Technavio

June 27, 2020 GMT
Technavio has announced its latest market research report titled Global Electric Trucks Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Electric Trucks Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jun 26, 2020--

Technavio has been monitoring the electric trucks market and it is poised to grow by 429.53 thousand units during 2020-2024, progressing at a CAGR of about 28% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200626005431/en/

ADVERTISEMENT

Technavio has announced its latest market research report titled Global Electric Trucks Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, BYD Co. Ltd., Daimler AG, Dongfeng Motor Co., Hino Motors Ltd., Navistar International Corp., Nikola Corp., Renault SA, Tesla Inc., and Volkswagen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

ADVERTISEMENT

View market snapshot before purchasing

The presence of government initiatives and the availability of subsidies has been instrumental in driving the growth of the market. However, high upfront costs of electric trucks might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/electric-trucks-market-industry-analysis

Electric trucks market 2020-2024: Segmentation

Electric trucks market is segmented as below:

  • Type
    • Hybrid Electric Trucks
    • Battery Electric Trucks
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40875

electric trucks market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric trucks market report covers the following areas:

  • Electric trucks market Size
  • Electric trucks market Trends
  • Electric trucks market Industry Analysis

This study identifies the development of power recovery options in electric trucks as one of the prime reasons driving the electric trucks market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Electric trucks market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist electric trucks market growth during the next five years
  • Estimation of the electric trucks market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric trucks market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric trucks market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Value chain analysis
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY VEHICLE TYPE

  • Market segmentation by vehicle type
  • Comparison by vehicle type
  • Hybrid electric trucks - Market size and forecast 2019-2024
  • Battery electric trucks - Market size and forecast 2019-2024
  • Market opportunity by vehicle type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Prominent truck manufacturers venturing into electric trucks market
  • Adoption of autonomous technologies in electric trucks
  • Development of power recovery options in electric trucks

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AB Volvo
  • BYD Co. Ltd.
  • Daimler AG
  • Dongfeng Motor Co.
  • Hino Motors Ltd.
  • Navistar International Corp.
  • Nikola Corp.
  • Renault SA
  • Tesla Inc.
  • Volkswagen AG

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200626005431/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 06/26/2020 09:00 PM/DISC: 06/26/2020 09:00 PM

http://www.businesswire.com/news/home/20200626005431/en

ADVERTISEMENT