United States electric commercial
vehicle market is projected to grow at a double digit CAGR during the
forecast period. Since, trucks need heavy hauling power, they have avoided
electrification until recently, but now battery manufacturers are working on
improving the battery efficiency and one that could pull significant weight and
bringing down both size & cost that is boosting the demand for electric
commercial vehicles in United States.
Amidst lockdown due to COVID-19,
the country is anticipated to witness low vehicle sales in 2023. But due to the
growing demand for reducing GHGs and government incentives on purchase of
electric vehicle are projected to drive the market through 2028.
Along with big giants, many
Chinese brands and small manufacturing companies have launched their commercial
vehicles in the local market and many companies are testing their prototypes of
electric trucks to launch them in the United States market by 2023. In New York City alone, maximum UPS trucks could
be electric soon. A corporation with the New York State Energy Research and
Development Authority & Unique Electric Solutions will help convert
existing UPS diesel trucks to electric, it is expected that more than 15000 UPS
trucks will get converted into electric trucks by 2028.
The major player operating in United
States electric commercial vehicle Market are Daimler,
Tesla, Proterra, Nissan, BYD, Honda, Hyundai, LG Chem, ABB, Volvo. Most of
the companies are doing good with developing new products along with new
advanced technologies to stay strong in the United States Electric Commercial
Vehicle market. Many companies are merging with other companies as a part of a
strategy for good dealing and to cope with market competition.
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Objective of the Study:
- To analyse and forecast the market size of electric
commercial vehicle market, in terms of value and volume.
- To classify and forecast united states electric
commercial vehicle market based on propulsion type, range, component,
and regional distribution.
- To identify drivers and challenges for united
states electric commercial vehicle market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in united
states electric commercial vehicle market.
- To conduct the pricing analysis for electric
commercial vehicle market.
- To identify and analyse the profile of leading
players involved in the manufacturing of united states electric commercial
vehicle market.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers across United States. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the suppliers
which could not be identified due to the limitations of secondary research.
TechSci Research analysed the service offerings, distribution channels and
presence of all major collaboration manufacturer across United States.
TechSci Research calculated the market size of United States Electric Commercial Vehicle Market using a bottom-up approach, where data for various end user
industries and its application across various product types were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Electric Commercial Vehicle Manufacturers
- Automotive OEMs
- Traders, Distributors, and
Suppliers
- Raw Material Suppliers
- Industry associations and
experts
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as collaboration manufacturer and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2018 – 2021
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Estimated Year
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2023E
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Forecast Period
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2024F – 2028F
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Propulsion
Type
·
Range
·
Component
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Region Scope
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South-Region, West-Region, Mid-West Region & Northeast-Region
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Key Companies Profiled
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Daimler, Tesla, Proterra, Nissan, BYD, Honda, Hyundai, LG Chem,
ABB, Volvo
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Customization Scope
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10% free report customization with purchase. Addition or alteration
to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United States Electric
Commercial Vehicle Market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States
Electric Commercial Vehicle Market, By Propulsion Type:
- United States
Electric Commercial Vehicle Market, By Range:
- 0-150 Miles
- 151-250 Miles
- 251-500 Miles
- 500 Miles & Above
- United States
Electric Commercial Vehicle Market, By Component:
- Electric Motor
- EV Battery
- Hydrogen Fuel Cell
- United States Electric Commercial
Vehicle Market, by Country:
- United States
- South-Region
- West-Region
- Mid-West Region
- Northeast-Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Electric Commercial Vehicle Market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to the company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]