Automotive and Transportation

Electric Truck Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Release Year : May 2024

Format :

Report ID: KR338

Snapshot

Market Scope

Author : Shreya S.

Base Year

2022

Forecast Year

2023-2030

Historical Years

2018-2021

Market Value (2022)

USD 674.3 Million

Forecasted Value (2030)

USD 6460.9 Million

CAGR (2023 – 2030)

32.66%

Fastest Growing Region (2023 - 2030)

Asia Pacific

Largest Region

North America

By Propulsion

Battery Electric Truck, Hybrid Electric Truck, Plug-In Hybrid Electric Truck, Fuel Cell Electric Truck

By Vehicle Type

Light-Duty Truck, Medium-Duty Truck, Heavy-Duty Truck

By Range

0-150 Miles, 151-300 Miles, Above 300 Miles

By Application

Logistics, Municipal, Construction, Mining, Others

CHOOSE LICENCE TYPE

Single User - $3499

Multi User - $4999

Enterprise - $6499

Data Point - $1999

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CUSTOMIZATION OFFERED

Additional Company Profiles
Additional Countries
Cross Segment Analysis
Regional Market Dynamics
Country-Level Trend Analysis
Competitive Landscape Customization
Extended Forecast Years
Historical Data Up to 5 Years

Frequently Asked Questions (FAQ's)

The global electric truck market is projected to reach USD 6460.9 million by 2030, growing at a CAGR of 32.66% from 2023 to 2030.

The global electric truck market was valued at USD 674.3 million in 2022.

The electric truck market is proliferating owing to increasing government initiatives promoting zero-emission vehicles, and growing investments in the production of electric vehicles are contributing to the market's growth.

Top manufacturers of the electric truck market are Volvo Group, Nikola Corporation, Tesla, Nissan Motor Co., Ltd., Tata Motors Limited, Ford Motor Company, Paccar Company, Volkswagen AG, Daimler Truck AG, BYD Company Ltd., and others.

Asia Pacific is expected to be the fastest-growing region over the forecast period (2023-2030).

By propulsion, hybrid electric trucks will hold the maximum share in the electric truck market with the revenue value by 2030.