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 2022. But due to the
growing demand for reducing GHGs and government incentives on purchase of
electric vehicle are projected to drive the market through 2027.
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 2022. 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 2027.
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.
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.

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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.
Attribute
|
Details
|
Base
Year
|
2021
|
Historical
Years
|
2017 –
2020
|
Estimated
Year
|
2022E
|
Forecast
Period
|
2023F –
2027F
|
Quantitative
Units
|
Revenue in
USD Million, and CAGR for 2017-2021 and 2022E-2027F
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments
Covered
|
·
Propulsion Type
·
Range
·
Component
|
Region
Scope
|
South-Region,
West-Region, Mid-West Region & Northeast-Region
|
Key
Companies Profiled
|
Daimler, Tesla,
Proterra, Nissan, BYD, Honda, Hyundai, LG Chem, ABB, Volvo
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
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]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]