Global and United States Electric Truck Market Report & Forecast 2023-2029
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Electric Truck Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.
The global Electric Truck market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 29.00% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Electric Truck market include AB Volvo, Daimler AG, Dongfeng Motor Corporation, Scania CV AB, and Paccar Company. The share of the top 3 players in the Electric Truck market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Electric Truck market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Battery Electric Truck accounted for XX% of Electric Truck market in 2022. Hybrid Electric Truck share of XX%.
Light Duty accounted for XX% of the Electric Truck market in 2022. Medium Duty accounts for XX%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Argentina
Mexico
MEA
Saudi Arabia
UAE
Turkey
Key Players Driving the Market:
AB Volvo
Daimler AG
Dongfeng Motor Corporation
Scania CV AB
Paccar Company
By Product Type, the market is primarily segmented into:
Battery Electric Truck
Hybrid Electric Truck
Plug-in Hybrid Electric Truck
Fuel Cell Electric Truck
By Applications, the market is segmented into:
Light Duty
Medium Duty
Heavy Duty
Table of Content
1 Study Coverage
1.1 Electric Truck Product Introduction
1.2 Global Electric Truck Outlook 2018 VS 2023 VS 2029
1.3 United States Electric Truck Outlook 2018 VS 2023 VS 2029
1.4 Electric Truck Market Size, United States VS Global, 2018-2029
1.4.1 The Market Share of United States Electric Truck in Global, 2018-2029
1.4.2 The Growth Rate of Electric Truck Market Size, United States VS Global, 2018 VS 2023 VS 2029
1.5 Electric Truck Market Dynamics
1.5.1 Electric Truck Market Trends
1.5.2 Electric Truck Market Drivers
1.5.3 Electric Truck Market Challenges
1.5.4 Electric Truck Market Restraints
1.6 Study Objectives
1.7 Years Considered
1.8 Coronavirus Disease (COVID-19) Impact on Global
2 Global Electric Truck Competitor Landscape by Company
2.1 Global Electric Truck Market Size by Company
2.1.1 Top Global Electric Truck Player Ranked by Revenue (2023)
2.1.2 Global Electric Truck Revenue by Player (2018-2023)
2.2 Global Electric Truck Concentration Ratio (CR)
2.2.1 Electric Truck Market Concentration Ratio (CR) (2018-2023)
2.2.2 Global Top 3 and Top 6 Largest Players of Electric Truck in 2023
2.3 Global Electric Truck Business Distribution, Business Type
2.3.1 Global Electric Truck Players, Headquarters and Distribution
2.3.2 Players Electric Truck Business Type
2.3.3 Date of International Players Enter into Electric Truck Market
2.4 Players Mergers & Acquisitions, Expansion Plans
2.5 United States Electric Truck Market Size by Company
2.5.1 Top United States Electric Truck Player s Ranked by Revenue (2023)
2.5.2 United States Electric Truck Revenue by Player (2018-2023)
3 Electric Truck Market Segment by Type
3.1 Electric Truck Market Segment by Type
3.2 Global Electric Truck Market Size by Type
3.3 United States Electric Truck Market Size by Type
4 Electric Truck Market Segment by Application
4.1 Electric Truck Market Segment by Application
4.2 Global Electric Truck Market Size by Application
4.3 United States Electric Truck Market Size by Application
5 Global Electric Truck Market Size by Region
5.1 Global Electric Truck Market Size by Region: 2018 VS 2023 VS 2029
5.2 Global Electric Truck Market Size in Value by Region (2018-2029)
5.2.1 Global Electric Truck Revenue by Region: 2018-2023
5.2.2 Global Electric Truck Revenue by Region: 2023-2029
5.3 Global Electric Truck Market Size in Volume by Region (2018-2029)
5.3.1 Global Electric Truck Volume by Region: 2018-2023
5.3.2 Global Electric Truck Volume by Region: 2023-2029
6 Segment in Regional Level & Country Level
6.1 North America
6.1.1 North America Electric Truck Market Size YoY Growth 2018-2029
6.1.2 North America Electric Truck Market Facts & Figures by Country (2018-2029)
6.1.3 U.S.
6.1.4 Canada
6.2 Asia Pacific
6.2.1 Asia Pacific Electric Truck Market Size YoY Growth 2018-2029
6.2.2 Asia Pacific Electric Truck Market Facts & Figures by Country (2018-2029)
6.2.3 China
6.2.4 Japan
6.2.5 South Korea
6.2.6 India
6.2.7 Australia
6.2.8 Southeast Asia
6.3 Europe
6.3.1 Europe Electric Truck Market Size YoY Growth 2018-2029
6.3.2 Europe Electric Truck Market Facts & Figures by Country (2018-2029)
6.3.3 Germany
6.3.4 France
6.3.5 UK
6.3.6 Italy
6.3.7 Russia
6.4 Latin America
6.4.1 Latin America Electric Truck Market Size YoY Growth 2018-2029
6.4.2 Latin America Electric Truck Market Facts & Figures by Country (2018-2029)
6.4.3 Mexico
6.4.4 Brazil
6.4.5 Argentina
6.5 Middle East and Africa
6.5.1 Middle East and Africa Electric Truck Market Size YoY Growth 2018-2029
6.5.2 Middle East and Africa Electric Truck Market Facts & Figures by Country (2018-2029)
6.5.3 Turkey
6.5.4 Saudi Arabia
6.5.5 UAE
7 Company Profiles
7.1 AB Volvo
7.1.1 AB Volvo Company Details
7.1.2 Description and Business Overview
7.1.3 Electric Truck Introduction
7.1.4 AB Volvo Electric Truck Revenue, Sales, and Gross Margin (2018-2023)
7.1.5 AB Volvo Recent Development
7.2 Daimler AG
7.2.1 Daimler AG Company Details
7.2.2 Description and Business Overview
7.2.3 Electric Truck Introduction
7.2.4 Daimler AG Electric Truck Revenue, Sales, and Gross Margin (2018-2023)
7.2.5 Daimler AG Recent Development
7.3 Dongfeng Motor Corporation
7.3.1 Dongfeng Motor Corporation Company Details
7.3.2 Description and Business Overview
7.3.3 Electric Truck Introduction
7.3.4 Dongfeng Motor Corporation Electric Truck Revenue, Sales, and Gross Margin (2018-2023)
7.3.5 Dongfeng Motor Corporation Recent Development
7.4 Scania CV AB
7.4.1 Scania CV AB Company Details
7.4.2 Description and Business Overview
7.4.3 Electric Truck Introduction
7.4.4 Scania CV AB Electric Truck Revenue, Sales, and Gross Margin (2018-2023)
7.4.5 Scania CV AB Recent Development
7.5 Paccar Company
7.5.1 Paccar Company Company Details
7.5.2 Description and Business Overview
7.5.3 Electric Truck Introduction
7.5.4 Paccar Company Electric Truck Revenue, Sales, and Gross Margin (2018-2023)
7.5.5 Paccar Company Recent Development
8 Industry Chain and Sales Channels Analysis
8.1 Electric Truck Value Chain Analysis
8.2 Electric Truck Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Distributors List
8.3 Electric Truck Production Mode & Process
8.4 Electric Truck Sales and Marketing
8.4.1 Magnetic Coupled Mixers Sales Channels
8.4.2 Magnetic Coupled Mixers Distributors
8.5 Magnetic Coupled Mixers Customers
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 A Methodology
10.1.1 Research Process
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 B Data Source
10.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Electric Truck Product Picture
Table Global Electric Truck Revenue, ($), 2018 VS 2023 VS 2029
Figure Global Electric Truck Market Size 2018-2029 ($)
Table United States Electric Truck Revenue, ($), 2018 VS 2023 VS 2029
Figure United States Electric Truck Market Size 2018-2029 ($)
Figure United States Electric Truck Market Share in Global, in Value 2018-2029
Table Electric Truck CAGR in Value, United States VS Global, 2018 VS 2023 VS 2029
Table Electric Truck Market Trends
Table Electric Truck Market Drivers
Table Electric Truck Market Challenges
Table Electric Truck Market Restraints
Figure Electric Truck Report Years Considered
Figure (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Top Electric Truck Players in Global Market, Ranking by Revenue (2023)
Table Global Electric Truck Revenue by Player, ($), 2018-2023
Table Global Electric Truck Revenue Share by Player, 2018-2023
Table Global Electric Truck Players Market Concentration Ratio (CR5)
Figure The Top 3 and 6 Largest Players of Electric Truck in the World: Market Share by Electric Truck Revenue in 2023
Table Top Players of Electric Truck in Global Market, Headquarters and Distribution
Table Players Electric Truck Business Type
Table Date of International Players Enter into Electric Truck Market
Table Players Mergers & Acquisitions, Expansion Plans
Table Top Electric Truck Players in United States Market, Ranking by Revenue (2023)
Table United States Electric Truck Revenue by Player, ($), 2018-2023
Table United States Electric Truck Revenue Share by Player, 2018-2023
Table Global Electric Truck Revenue by Type: 2023 VS 2029 ($)
Figure Global Electric Truck Market Share by Type in 2023 & 2029
Figure Global Electric Truck Revenue by Type (2018-2029) & ($)
Figure Global Electric Truck Revenue Market Share in Value by Type (2018-2029)
Table United States Electric Truck Revenue by Type: 2023 VS 2029 ($)
Figure United States Electric Truck Market Share by Type in 2023 & 2029
Figure United States Electric Truck Revenue by Type (2018-2029) & ($)
Figure United States Electric Truck Revenue Market Share in Value by Type (2018-2029)
Table Global Electric Truck Revenue by Application: 2023 VS 2029 ($)
Figure Global Electric Truck Market Share by Application in 2023 & 2029
Figure Global Electric Truck Revenue by Application (2018-2029) & ($)
Figure Global Electric Truck Revenue Market Share in Value by Application (2018-2029)
Table United States Electric Truck Revenue by Application: 2023 VS 2029 ($)
Figure United States Electric Truck Market Share by Application in 2023 & 2029
Figure United States Electric Truck Revenue by Application (2018-2029) & ($)
Figure United States Electric Truck Revenue Market Share in Value by Application (2018-2029)
Table Global Electric Truck Market Size by Region ($): 2018 VS 2023 VS 2029
Figure Global Electric Truck Market Size Market Share by Region: 2018 VS 2023 VS 2029
Table Global Electric Truck Revenue by Region (2018-2023) & ($)
Table Global Electric Truck Revenue Forecast by Region (2023-2029) & ($)
Table Global Electric Truck Revenue Market Share by Region (2018-2029)
Table Global Electric Truck Volume by Region (2018-2023) & ($)
Table Global Electric Truck Volume Forecast by Region (2023-2029) & ($)
Table Global Electric Truck Volume Market Share by Region (2018-2029)
Figure North America Electric Truck Revenue Growth Rate 2018-2029
Table North America Electric Truck Revenue by Country (2018-2029) & ($)
Figure U.S. Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Canada Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Asia Pacific Electric Truck Revenue Growth Rate 2018-2029 ($)
Table Asia Pacific Electric Truck Revenue by Country (2018-2029) & ($)
Figure China Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Japan Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure South Korea Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure India Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Australia Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Southeast Asia Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Europe Electric Truck Revenue Growth Rate 2018-2029 ($)
Table Europe Electric Truck Revenue by Country (2018-2029) & ($)
Figure Germany Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure France Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure UK Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Italy Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Russia Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Latin America Electric Truck Revenue Growth Rate 2018-2029 ($)
Table Latin America Electric Truck Revenue by Country (2018-2029) & ($)
Figure Mexico Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Brazil Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Argentina Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Middle East and Africa Electric Truck Revenue Growth Rate 2018-2029 ($)
Table Middle East and Africa Electric Truck Revenue by Country (2018-2029) & ($)
Figure Turkey Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure Saudi Arabia Electric Truck Revenue Growth Rate (2018-2029) & ($)
Figure UAE Electric Truck Revenue Growth Rate (2018-2029) & ($)
Table AB Volvo Company Details
Table Description and Business Overview
Table Electric Truck Introduction
Table AB Volvo Electric Truck Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table AB Volvo Recent Development
Table Daimler AG Company Details
Table Description and Business Overview
Table Electric Truck Introduction
Table Daimler AG Electric Truck Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Daimler AG Recent Development
Table Dongfeng Motor Corporation Company Details
Table Description and Business Overview
Table Electric Truck Introduction
Table Dongfeng Motor Corporation Electric Truck Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Dongfeng Motor Corporation Recent Development
Table Scania CV AB Company Details
Table Description and Business Overview
Table Electric Truck Introduction
Table Scania CV AB Electric Truck Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Scania CV AB Recent Development
Table Paccar Company Company Details
Table Description and Business Overview
Table Electric Truck Introduction
Table Paccar Company Electric Truck Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Paccar Company Recent Development
Figure Electric Truck Value Chain
Table Key Raw Materials
Table Major Distributors of Electric Truck with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Electric Truck Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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