The Electric Truck Market size was valued at USD 4.03 Billion in 2024 and the total Electric Truck revenue is expected to grow at a CAGR of 28.2% from 2025 to 2032, reaching nearly USD 29.46 Billion.
Electric Truck Market Overview
The Electric Truck Market report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Electric Truck market report provides a full understanding of advanced tactics and plans.
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Electric Truck Market Report Scope and Research Methodology
The report offers an extensive examination of top players' strategies within the Electric Truck industry, coupled with an in-depth analysis of market segments and regional dynamics. In-depth insights into market dynamics, encompassing drivers, restraints, opportunities, and challenges, are provided both on a regional and segmental basis within the Electric Truck Market report. Additionally, the report presents import/export consumption, supply and demand, pricing, costs, revenue, and gross margins data, serving as an invaluable guide for investors.
The data for the Electric Truck Market report was meticulously gathered through a combination of primary and secondary research methods, ensuring its authenticity. Primary research methods employed encompassed questionnaire distribution, surveys, and phone interviews with Electric Truck industry experts, market leaders, marketing professionals, and entrepreneurs. The report's estimations of global and regional Electric Truck market size were derived using a bottom-up approach. Furthermore, the strengths and weaknesses of Electric Truck key players within the industry are outlined using SWOT analysis.
Electric Truck Market Regional Insights
The report delves into the Electric Truck business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In the Electric Truck market report, regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.
Electric Truck Market Segmentation
by Propulsion
Battery Electric Trucks (BEVs)
Hybrid Electric Trucks (HEVs)
Plug-in Hybrid Electric Trucks (PHEVs)
by Type
Light-duty Electric Trucks
Medium-duty Electric Trucks
Heavy-duty Electric Trucks
by Range
Short Range (Up to 150 Miles)
Medium Range (150-300 Miles)
Long Range (300-500 Miles)
Ultra-Long Range (500+ Miles)
by Battery Type
Lithium-Ion (Li-ion) Batteries
Solid-State Batteries
Lead-Acid Batteries
Nickel-Metal Hydride (NiMH) Batteries
by End Use
Logistics and Transportation Companies
E-commerce and Retail
Municipalities and Public Services
Construction and Infrastructure Development
Manufacturing and Industrial Sector
Others
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Electric Truck Market Key Players
Global
1. Tesla, Inc. (Palo Alto, California, USA)
2. BYD Company Ltd. (Shenzhen, Guangdong, China)
3. Daimler AG (Mercedes-Benz) (Stuttgart, Germany)
4. AB Volvo Group (Gothenburg, Sweden)
5. Nikola Corporation (Phoenix, Arizona, USA)
North America
1. Rivian Automotive, Inc. (Plymouth, Michigan, USA)
2. General Motors Company (Detroit, Michigan, USA)
3. Ford Motor Company (Dearborn, Michigan, USA)
4. Workhorse Group Inc. (Loveland, Ohio, USA)
5. Lordstown Motors Corp. (Lordstown, Ohio, USA)
6. XPeng Inc. (Guangzhou, Guangdong, China)
7. Chanje Energy Inc. (Los Angeles, California, USA)
8. Kenworth (PACCAR Inc.) (Bellevue, Washington, USA)
9. Peterbilt (PACCAR Inc.) (Denton, Texas, USA)
10. Ryder System, Inc. (Miami, Florida, USA)
Europe
1. Scania AB (Volkswagen Truck & Bus) (Sweden)
Asia Pacific
1. XPeng Inc. (Guangzhou, Guangdong, China)
2. SAIC Motor Corporation Limited (Shanghai, China)
3. China National Heavy Duty Truck Group Co., Ltd. (SINOTRUK) (Jinan, Shandong, China)
4. Hino Motors, Ltd. (Hino, Tokyo, Japan)
Key Offerings:
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- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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