The MarkNtel Advisors has released its latest report titled "Europe Medium & Heavy Duty Electric Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive analysis provides valuable insights into the market, including market share data. The report encompasses competitive analysis, geographical research, and recent advancements in the market. Whether you are an investor, researcher, consultant, marketing strategist, or planning to enter the industry in any capacity, this analysis can greatly benefit you.
Europe Medium & Heavy Duty Electric Trucks Market Definition:
Several European countries have rigorously implemented zero-emission norms, and are increasingly adopting green mobility solutions, owing to which EV (Electric Vehicle) sales are skyrocketing with ever-increased EV charging infrastructure developments alongside incentives for EV buyers. As governments continue to focus on lowering these emissions and the e-commerce & logistics sectors are flourishing at a phenomenal pace, Europe is witnessing a significantly surging demand for medium & heavy-duty electric trucks.
Europe Medium & Heavy Duty Electric Trucks Market Overview
The Europe Medium & Heavy Duty Electric Trucks market is projected to grow at a CAGR of around 40% during the forecast period, i.e., 2023-28.
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What are the Key Trend in the industry?
Key Driver: Increasing Implementation of Stringent Norms for Emission Control
The sales of medium and heavy duty trucks vehicles have been growing steadily in Europe as more & more emission-related norms & regulations are being implemented by governments & the European Union in order to reduce the impact of global warming & greenhouse effect. In 2022, the European Union presented the new Euro 7 standards for ensuring cleaner vehicles on roads and improved air quality. These norms extremely focus on lowering harmful gasses like carbon monoxide, hydrocarbons, nitrogen oxides, etc.
Competitive Landscape With Leading Key Players:
The report's analysis of the Europe Medium & Heavy Duty Electric Trucks market's competitive environment includes thorough profiles of the major industry competitors.
Among these important figures are:
-Volvo Group
-Renault Trucks
-Scania AB
-Daimler
-MAN trucks
-Tevva Motors Limited
-Tesla Motors Inc. trucks
-IVECO SpA
-E-Force One AG
-DAF Trucks NV
-Others
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Important Europe Medium & Heavy Duty Electric Trucks Market Segmentation
By Battery Capacity
-50-250 KWH
-Above 250 KWH
By Battery Type
-Lithium-Nickle-Manganese-Cobalt Oxide
-Lithium-Iron-Phosphate
-Others (Lead-Acid Batteries, Ultracapacitors, etc.)
By Propulsion Type
-Battery Electric Truck (BET)
-Plug-in Hybrid Electric Truck (PHET)
-Fuel Cell Electric Truck (FCET)
By Level of Automation
-Level 1
-Level 2
-Level 3
-Level 4 & 5
By Range
-Up to 200 miles
-Above 200 miles
By Application
-Long Haul Transportation
-Field Services
-Distribution Services
-Others (Last Mile Delivery, Refuse Services, etc.)
By Country
-Germany
-The UK
-France
-Italy
-Spain
-Rest of the Europe
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Important Report Highlights:
- Historical Data (2018–2021)
- Base Year (2022)
- Market Prospects (2023–2028)
- Business Trends
- Drivers of the Market and Success Factors
- COVID-19's effects
- Value Chain Evaluation
- Comprehensive competitive landscape mapping
As part of the modification, we will give you any specific information you require that is not already covered by the report.
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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