As on date of
publishing, this report will capture the impact assessment of COVID-19 on this
market and the same will be considered in our market forecast model. Clients
purchasing this report between April and June 2020 will be getting a ‘free’
updated market data excel sheet between July and September 2020 accounting for
the impact of COVID-19 on the market in the current year 2020 and forecast.
United States electric commercial
vehicle market is projected to grow at a double digit CAGR during the forecast.
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 2020; however, growing
demand for reducing GHGs and government incentives on purchase of electric
vehicle are projected to drive the market through 2025.
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 2020. 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 2025.
The major player operating in United
States electric commercial vehicle Market are Daimler, Tesla, Proterra, NISSAN,
BYD, Proterra, Honda, Hyundai, LG Chem, ABB etc. 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.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
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.
Click here to download the sample
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.
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 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.
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In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com