Global Hybrid Electric Truck Market

Global Hybrid Electric Truck (HET) Market Research Report 2024, Forecast to 2029

Global Hybrid Electric Truck Market

Global Hybrid Electric Truck (HET) Market Research Report 2024, Forecast to 2029

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A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system (hybrid vehicle drivetrain).

Our market research covers global as well as regional markets and provides an in-depth analysis of the overall growth prospects of the market. Global market trend analysis including historical data, estimates to 2024, and compound annual growth rate (CAGR) forecast to 2029 is given based on qualitative and quantitative analysis of the market segments involving economic and non-economic factors. Furthermore, it reveals the comprehensive competitive landscape of the global market, the current and future market prospects of the industry, and the growth opportunities and drivers as well as challenges and constraints in emerging and emerging markets.

We can meet the customized needs of customers in multiple dimensions, in-depth and high quality, help customers accurately grasp market opportunities, easily deal with market challenges, properly formulate market strategies, and act quickly to win sufficient market competition time and space for customers.

Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

The global economy and markets have been remarkably resilient in the face of tightening financial conditions and geopolitical upheaval over the past few years, with economic growth holding up better than most analysts’ expectations.

The global environment has still not settled onto a clear pathway toward a new stability as we enter 2024. In this disjointed world, we confront risks posed by potential volatility across the economic and political spheres. We also see potential opportunities arising from the new reality of greatly segmented global relationships.

We have identified five overlapping themes that will drive global political and economic relationships in 2024: geopolitical reordering, economic fault lines, resource security, supply chain resilience and logistics rewired.

The report will conduct a comprehensive and professional analysis of the Hybrid Electric Truck (HET) market in 2024 based on the current situation, global economic impact and other aspects.

Market Segment by Product Type

Below 80kWh

80-130kWh

130-165kWh

Above 165kWh

Market Segment by Product Application

Fire Truck

Van Truck

Sprinkler Truck

Clean Truck

Other

Finally, the report provides detailed profile and data information analysis of leading company.

BYD

Daimler

Dongfeng Motor Group

Hino Motors

Isuzu Motors

Navistar International

PACCAR

Renault Trucks

Volkwagen

Zenith Motors

Alke

Nikola

Insights and Tools:

This report provides industry-standard analytical accuracy and high data completeness to uncover key opportunities available in the global industry market. Buyers of the report can obtain verified and reliable market forecasts, including revenue forecasts for the overall size of the global industry market.

The report is an effective tool for players to gain a competitive advantage over their competitors and ensure lasting success in the industry market. All findings, data, and information presented in the report have been verified and re-verified with the help of reliable sources. The analysts who authored the report have taken a unique approach to industry-best research and analysis for an in-depth study of the global industry market.

Use both primary and secondary data sources when compiling reports. Primary sources include extensive interviews with key opinion leaders and industry experts such as experienced front-line employees, directors, CEOs and marketing executives, downstream distributors as well as end users. Secondary sources include research on top companies' annual and financial reports, public documents, new journals, and more. We also work with some third-party databases.

The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.

Research Objectives

1.To define, describe and forecast the Hybrid Electric Truck (HET) market by type, application, end user and region

2.Provide enterprise external environment analysis and SWOT analysis

3.Focuses on the key global Hybrid Electric Truck (HET) manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, and development plans in next few years.

4.Provide market entry strategy analysis for new players or players preparing to enter the market

5.Keep up with international market trends and analyze the impact of the important international events on major global regions

6.Analyze market opportunities for stakeholders to provide market leaders with detailed information on the competitive landscape

Global Hybrid Electric Truck (HET) Market Research Report 2024, Forecast to 2029

1 Market Study Overview

1.1 Study Objectives

1.2 Hybrid Electric Truck (HET) Introduce

1.3 Combined with the Analysis of Macroeconomic Indicators

1.4 Brief Description of Research methods

1.5 Market Breakdown and Data Triangulation

2 Global Trend Summary

2.1 Hybrid Electric Truck (HET) Segment by Type

2.1.1 Below 80kWh

2.1.2 80-130kWh

2.1.3 130-165kWh

2.1.4 Above 165kWh

2.2 Market Analysis by Application

2.2.1 Fire Truck

2.2.2 Van Truck

2.2.3 Sprinkler Truck

2.2.4 Clean Truck

2.2.5 Other

2.3 Global Hybrid Electric Truck (HET) Market Comparison by Regions (2019-2029)

2.3.1 Global Hybrid Electric Truck (HET) Market Size (2019-2029)

2.3.2 North America Hybrid Electric Truck (HET) Status and Prospect (2019-2029)

2.3.3 Europe Hybrid Electric Truck (HET) Status and Prospect (2019-2029)

2.3.4 China Hybrid Electric Truck (HET) Status and Prospect (2019-2029)

2.3.5 Japan Hybrid Electric Truck (HET) Status and Prospect (2019-2029)

2.3.6 Southeast Asia Hybrid Electric Truck (HET) Status and Prospect (2019-2029)

2.4 Basic Product Information

2.4.1 Basic Product Information & Technology Development History

2.4.2 Product Manufacturing Process

2.4.3 Interview with Major Market Participants

2.4.4 High-end Market Analysis and Forecast

2.5 Coronavirus Disease 2020 (Covid-19): Hybrid Electric Truck (HET) Industry Impact

2.5.1 Hybrid Electric Truck (HET) Business Impact Assessment - Covid-19

2.5.2 Market Trends and Hybrid Electric Truck (HET) Potential Opportunities in the COVID-19 Landscape

2.5.3 Measures / Proposal against Covid-19

3 Competition by Manufacturer

3.1 Global Hybrid Electric Truck (HET) Sales and Market Share by Manufacturer (2019-2024)

3.2 Global Hybrid Electric Truck (HET) Revenue and Market Share by Manufacturer (2019-2024)

3.3 Global Hybrid Electric Truck (HET) Industry Concentration Ratio (CR5 and HHI)

3.4 Top 5 Hybrid Electric Truck (HET) Manufacturer Market Share

3.5 Top 10 Hybrid Electric Truck (HET) Manufacturer Market Share

3.6 Date of Key Manufacturers Enter into Hybrid Electric Truck (HET) Market

3.7 Key Manufacturers Hybrid Electric Truck (HET) Key Manufacturers

3.8 Mergers & Acquisitions Planning

4 Analysis of Hybrid Electric Truck (HET) Industry Key Manufacturers

4.1 BYD

4.1.1 Compan Detail

4.1.2 BYD Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.1.3 BYD 158 Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.1.4 Main Business Overview

4.1.5 BYD News

4.2 Daimler

4.2.1 Compan Detail

4.2.2 Daimler Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.2.3 Daimler Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.2.4 Main Business Overview

4.2.5 BYD News

4.3 Dongfeng Motor Group

4.3.1 Compan Detail

4.3.2 Dongfeng Motor Group Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.3.3 Dongfeng Motor Group Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.3.4 Main Business Overview

4.3.5 Dongfeng Motor Group News

4.4 Hino Motors

4.4.1 Compan Detail

4.4.2 Hino Motors Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.4.3 Hino Motors Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.4.4 Main Business Overview

4.4.5 Hino Motors News

4.5 Isuzu Motors

4.5.1 Compan Detail

4.5.2 Hino Motors Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.5.3 Isuzu Motors Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.5.4 Main Business Overview

4.5.5 Isuzu Motors News

4.6 Navistar International

4.6.1 Compan Detail

4.6.2 Navistar International Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.6.3 Navistar International Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.6.4 Main Business Overview

4.6.5 Navistar International News

4.7 PACCAR

4.7.1 Compan Detail

4.7.2 PACCAR Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.7.3 PACCAR Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.7.4 Main Business Overview

4.7.4 Main Business Overview

4.8 Renault Trucks

4.8.1 Compan Detail

4.8.2 Renault Trucks Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.8.3 Renault Trucks Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.8.4 Main Business Overview

4.8.5 Renault Trucks News

4.9 Volkwagen

4.9.1 Compan Detail

4.9.2 Volkwagen Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.9.3 Volkwagen Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.9.4 Main Business Overview

4.9.5 Volkwagen News

4.10 Zenith Motors

4.10.1 Compan Detail

4.10.2 Zenith Motors Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.10.3 Zenith Motors Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.10.4 Main Business Overview

4.10.5 Zenith Motors News

4.11 Alke

4.11.1 Compan Detail

4.11.2 Alke Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.11.3 Alke Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.11.4 Main Business Overview

4.11.5 Alke News

4.12 Nikola

4.12.1 Compan Detail

4.12.2 Nikola Hybrid Electric Truck (HET) Product Introduction, Application and Specification

4.12.3 Nikola Hybrid Electric Truck (HET) Sales, Price, Cost, Gross Margin, and Revenue (2019-2024)

4.12.4 Main Business Overview

4.12.5 Nikola News

5 Global Hybrid Electric Truck (HET) Market Segment by Big Type

5.1 Global Hybrid Electric Truck (HET) Revenue, Sales and Market Share by Big Type (2019-2024)

5.1.1 Global Hybrid Electric Truck (HET) Sales and Market Share by Big Type (2019-2024)

5.1.2 Global Hybrid Electric Truck (HET) Revenue and Market Share by Big Type (2019-2024)

5.2 Below 80kWh Sales Growth Rate and Price

5.2.1 Global Below 80kWh Sales Growth Rate (2019-2024)

5.2.2 Global Below 80kWh Price (2019-2024)

5.3 80-130kWh Sales Growth Rate and Price

5.3.1 Global 80-130kWh Sales Growth Rate (2019-2024)

5.3.2 Global 80-130kWh Price (2019-2024)

5.4 130-165kWh Sales Growth Rate and Price

5.4.1 Global 130-165kWh Sales Growth Rate (2019-2024)

5.4.2 Global 130-165kWh Price (2019-2024)

5.5 Above 165kWh Sales Growth Rate and Price

5.5.1 Global Above 165kWh Sales Growth Rate (2019-2024)

5.5.2 Global Above 165kWh Price (2019-2024)

6 Global Hybrid Electric Truck (HET) Market Segment by Big Application

6.1 Global Hybrid Electric Truck (HET) Sales Market Share by Big Application (2019-2024)

6.2 Fire Truck Sales Growth Rate (2019-2024)

6.3 Van Truck Sales Growth Rate (2019-2024)

6.4 Sprinkler Truck Sales Growth Rate (2019-2024)

6.5 Clean Truck Sales Growth Rate (2019-2024)

6.6 Other Sales Growth Rate (2019-2024)

7 Global Hybrid Electric Truck (HET) Forecast

7.1 Global Hybrid Electric Truck (HET) Revenue, Sales and Growth Rate (2024-2029)

7.2 Hybrid Electric Truck (HET) Market Forecast by Regions (2024-2029)

7.2.1 North America Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.2.2 Europe Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.2.3 China Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.2.4 Japan Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.2.5 Southeast Asia Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.2.6 Other Regions Hybrid Electric Truck (HET) Market Forecast (2024-2029)

7.3 Hybrid Electric Truck (HET) Market Forecast by Type (2024-2029)

7.3.1 Global Hybrid Electric Truck (HET) Sales Forecast by Type (2024-2029)

7.3.2 Global Hybrid Electric Truck (HET) Market Share Forecast by Type (2024-2029)

7.4 Hybrid Electric Truck (HET) Market Forecast by Application (2024-2029)

7.4.1 Global Hybrid Electric Truck (HET) Sales Forecast by Application (2024-2029)

7.4.2 Global Hybrid Electric Truck (HET) Market Share Forecast by Application (2024-2029)

8 Market Analysis

8.1.1 Market Overview

8.1.2 Market Opportunities

8.1.3 Market Risk

8.1.4 Market Driving Force

8.1.5 Porter's Five Forces Analysis

8.1.6 SWOT Analysis

9 Hybrid Electric Truck (HET) Related Market Analysis

9.1 Upstream Analysis

9.1.1 Macro Analysis of Upstream Markets

9.1.2 Key Players in Upstream Markets

9.1.3 Upstream Market Trend Analysis

9.1.4 Hybrid Electric Truck (HET) Manufacturing Cost Analysis

9.2 Downstream Market Analysis

9.2.1 Macro Analysis of Down Markets

9.2.2 Key Players in Down Markets

9.2.3 Downstream Market Trend Analysis

9.2.4 Sales Channel, Distributors, Traders and Dealers

10 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Hybrid Electric Truck (HET) 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.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

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

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
How are players chosen for the research coverage of the Global Hybrid Electric Truck (HET) Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What is the expected rate of growth in the Global Hybrid Electric Truck (HET) Market?
From 2025 to 2030, the Global Hybrid Electric Truck (HET) Market is expected to grow at a compound annual growth rate of YY%, reaching a value of USD XXX Million.
What is Global Hybrid Electric Truck (HET) Market Concentration Rate?
In addition to the Global Hybrid Electric Truck (HET) Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Global Hybrid Electric Truck (HET) Market.
Who should consider the Global Hybrid Electric Truck (HET) Market study?
The Global Hybrid Electric Truck (HET) Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.