Global Electric Commercial Vehicle Market Insights, Size and Growth Forecast To 2027

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Global Electric Commercial Vehicle Market- By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and Pick-up Trucks), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
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Global Electric Commercial Vehicle Market- By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and Pick-up Trucks), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Published: Oct 2020 Base Year: 2019 Report ID: AMIN2009
Available Format: Historical Data: 2016 - 2018 Pages: 1 - 250
Category : Automotive Industry
The Global Electric Commercial Vehicle market bolstering the market growth owing to emerging pollution level and depletion of oil reserves. The Global electric commercial vehicle market will reach to 1700 thousand units at propelling CAGR by 2027. The changing environmental conditions, rising pollution level, increasing chronic diseases are occurring due to the hazardous pollution waste from the automobiles industry.
The adoption of the electric vehicle will help in transforming the environment conditions in a better way and promote greener mobility. The commercial electric vehicle is emerging in the market owing to its flexibility in transportation. It is cost-efficient as it runs on electricity rather than oil or battery. Thus, the charging cost of the vehicle is less than the vehicle operates on gasoline or oil. 
Moreover, the government and other manufacturing companies are investing a considerable amount of money in manufacturing electric commercial vehicles and charging stations. The commercial electric vehicle will propel the market growth as most people use commercial vehicles for traveling a shorter distance, and it also saves money. With the adoption of an electric commercial vehicle, it will reduce both operating costs as well as pollution levels.

Propulsion type Overview in the Global Electric Commercial Vehicle Market
Based on the propulsion type, the global electric commercial vehicle market attributed to BEV, HEV, PHEV, and FCEV. The Battery electric vehicle segment has captured the highest market value in the global electric commercial vehicle market in the forecast period from 2020-2027. The battery vehicle has an internal combustion engine, and hydrogen fuel cells used to charge the battery and cover the longest distance than ICEV vehicles.

Vehicle Type Overview in the Global Electric Commercial Vehicle Market
Based on the vehicle type, the global electric commercial vehicle market classified into Bus, Truck, and Pick-up Trucks. The bus segment has dominated the market share of the global electric commercial vehicle market. The bus is one of the most used commercial vehicles around the world as it can carry a considerable number of passengers at once and very cost-effective. Thus, the commercial electric market will propel its market growth with the adoption of electric buses as it reduces the operational cost and minimizes the pollution caused by gasoline.

Range Overview in the Global Electric Commercial Vehicle Market
Based on the Range, the global electric commercial vehicle segmented into 0-150 Miles, 151-250 Miles, 251-500 Miles, and 500 Miles & Above. The range between the 151-250 miles segment has captured the largest market share in the global electric commercial vehicle market. It is mainly due to the charging of the bus at once can cover the distance up to 250 miles.

Component Overview in the Global Electric Commercial Vehicle Market
Based on the component, the global electric commercial vehicle classified into Electric Motor, EV Battery, and Hydrogen Fuel Cell. The electric motor has dominated the market share of the global electric commercial vehicle market. It is mainly owing to the ease of operation of the vehicle, less maintenance cost, flexibility in transportation, and zero carbon emission properties that are spurring the market value of the electric motor in the global electric commercial vehicle market.

Region Overview in the Global Electric Commercial Vehicle Market
Based on geography, the global electric commercial vehicle market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region will be expecting to witness the highest growth during the forecast period from 2020-2027. It is Owing to rising disposable income, adoption of an electric vehicle, installation of the electrical station, and investment in the manufacturing of electric vehicles are fueling the market share of the electric commercial vehicle in the Asia Pacific region.

Global Electric Commercial Vehicle Market: Competitive Landscape
Companies such as AB Volvo, Alexander Dennis Ltd., Alstom–NTL, Anhui Ankai Automobile Co. Ltd., Ashok Leyland Ltd., Bluebus SAS, Bozankaya A.S., BYD Co. Ltd., Caetanobus - Fabrico De Autocarros E Carrocarias S.A., Chariot Motors, Dongfeng Motor Corp., Ebusco B.V., Nanjing Golden Dragon Bus Co. Ltd., Proterra Inc., and Tata Motors Ltd. The major electric truck manufacturers are Cummins Inc., E-Force One AG, Hino Motors Ltd. Isuzu Motors Ltd., Iveco S.p.A., Nikola Corp., Nissan Motor Co. Ltd., Scania AB, and Workhorse Group Inc. and others are key players in the global electric commercial vehicle market.


1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation

2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition 
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation 

3. Executive Summary

4. Market Insights
4.1. Economic Factor Analysis 
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Regulatory Framework
4.4. Company market share analysis, 2019
4.5. Porter’s Five forces analysis
4.6. New Investment Analysis
4.7. PESTEL Analysis
5. Global Electric Commercial Vehicle Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Propulsion Type
5.2.1.1. BEV
5.2.1.2. HEV
5.2.1.3. PHEV 
5.2.1.4. FCEV 
5.2.2. By Vehicle Type
5.2.2.1. Bus
5.2.2.2. Truck
5.2.2.3.  Pick-up Trucks
5.2.3. By Range
5.2.3.1.  0-150 Miles
5.2.3.2.  151-250 Miles
5.2.3.3.  251-500 Miles
5.2.3.4.  500 Miles & Above
5.2.4. By Component
5.2.4.1. Electric Motor
5.2.4.2. EV Battery 
5.2.4.3. Hydrogen Fuel Cell 
5.2.5. By Region
5.2.5.1. Europe
5.2.5.2. North America
5.2.5.3. Asia Pacific
5.2.5.4. South America 
5.2.5.5. Middle East & Africa 

6. Europe Electric Commercial Vehicle Market Overview
6.1. Europe Electric Commercial Vehicle Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. Europe Electric Commercial Vehicle Market Share & Forecast, 2016-2027
6.2.1. By Propulsion Type
6.2.1.1. BEV
6.2.1.2. HEV
6.2.1.3. PHEV 
6.2.1.4. FCEV 
6.2.2. By Vehicle Type
6.2.2.1. Bus
6.2.2.2. Truck
6.2.2.3.  Pick-up Trucks
6.2.3. By Range
6.2.3.1.  0-150 Miles
6.2.3.2.  151-250 Miles
6.2.3.3.  251-500 Miles
6.2.3.4.  500 Miles & Above
6.2.4. By Component
6.2.4.1. Electric Motor
6.2.4.2. EV Battery 
6.2.4.3. Hydrogen Fuel Cell 
6.2.5. By Country
6.2.5.1. Germany
6.2.5.2. UK
6.2.5.3. France
6.2.5.4. Italy
6.2.5.5. Rest of Europe
6.2.6. Company Market Share (Top 3-5)
6.2.7. Economic Impact Study on Europe Electric Commercial Vehicle Market 

7. North America Electric Commercial Vehicle Market Overview
7.1. North America Electric Commercial Vehicle Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. North America Electric Commercial Vehicle Market Share & Forecast, 2016-2027
7.2.1. By Propulsion Type
7.2.1.1. BEV
7.2.1.2. HEV
7.2.1.3. PHEV 
7.2.1.4. FCEV 
7.2.2. By Vehicle Type
7.2.2.1. Bus
7.2.2.2. Truck
7.2.2.3.  Pick-up Trucks
7.2.3. By Range
7.2.3.1.  0-150 Miles
7.2.3.2.  151-250 Miles
7.2.3.3.  251-500 Miles
7.2.3.4.  500 Miles & Above
7.2.4. By Component
7.2.4.1. Electric Motor
7.2.4.2. EV Battery 
7.2.4.3. Hydrogen Fuel Cell 
7.2.5. By Country
7.2.5.1. US
7.2.5.2. Canada
7.2.5.3. Mexico
7.2.6. Company Market Share (Top 3-5)
7.2.7. Economic Impact Study on North America Electric Commercial Vehicle Market 

8. Asia Pacific Electric Commercial Vehicle Overview
8.1. Asia Pacific Electric Commercial Vehicle Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Electric Commercial Vehicle Market Share & Forecast, 2016-2027
8.2.1. By Propulsion Type
8.2.1.1. BEV
8.2.1.2. HEV
8.2.1.3. PHEV 
8.2.1.4. FCEV 
8.2.2. By Vehicle Type
8.2.2.1. Bus
8.2.2.2. Truck
8.2.2.3.  Pick-up Trucks
8.2.3. By Range
8.2.3.1.  0-150 Miles
8.2.3.2.  151-250 Miles
8.2.3.3.  251-500 Miles
8.2.3.4.  500 Miles & Above
8.2.4. By Component
8.2.4.1. Electric Motor
8.2.4.2. EV Battery 
8.2.4.3. Hydrogen Fuel Cell 
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia Pacific
8.2.6. Company Market Share (Top 3-5)
8.2.7. Economic Impact Study on Asia Pacific Electric Commercial Vehicle Market 

9. South America Electric Commercial Vehicle Market Overview
9.1. South America Electric Commercial Vehicle Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Electric Commercial Vehicle Market Share & Forecast, 2016-2027
9.2.1. By Propulsion Type
9.2.1.1. BEV
9.2.1.2. HEV
9.2.1.3. PHEV 
9.2.1.4. FCEV 
9.2.2. By Vehicle Type
9.2.2.1. Bus
9.2.2.2. Truck
9.2.2.3.  Pick-up Trucks
9.2.3. By Range
9.2.3.1.  0-150 Miles
9.2.3.2.  151-250 Miles
9.2.3.3.  251-500 Miles
9.2.3.4.  500 Miles & Above
9.2.4. By Component
9.2.4.1. Electric Motor
9.2.4.2. EV Battery 
9.2.4.3. Hydrogen Fuel Cell 
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
9.2.6. Company Market Share (Top 3-5)
9.2.7. Economic Impact Study on South America Electric Commercial Vehicle Market

10. Middle East & Africa Electric Commercial Vehicle Market Overview
10.1. Middle East & Africa Electric Commercial Vehicle Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Electric Commercial Vehicle Market Share & Forecast, 2016-2027
10.2.1. By Propulsion Type
10.2.1.1. BEV
10.2.1.2. HEV
10.2.1.3. PHEV 
10.2.1.4. FCEV 
10.2.2. By Vehicle Type
10.2.2.1. Bus
10.2.2.2. Truck
10.2.2.3.  Pick-up Trucks
10.2.3. By Range
10.2.3.1.  0-150 Miles
10.2.3.2.  151-250 Miles
10.2.3.3.  251-500 Miles
10.2.3.4.  500 Miles & Above
10.2.4. By Component
10.2.4.1. Electric Motor
10.2.4.2. EV Battery 
10.2.4.3. Hydrogen Fuel Cell 
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
10.2.6. Company Market Share (Top 3-5)
10.2.7. Economic Impact Study on Middle East & Africa Electric Commercial Vehicle Market

11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel 
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1.1. AB Volvo
11.7.1.2. Alexander Dennis Ltd.
11.7.1.3. Alstom–NTL
11.7.1.4. Anhui Ankai Automobile Co. Ltd.
11.7.1.5. Ashok Leyland Ltd.
11.7.1.6. Bluebus SAS
11.7.1.7. Bozankaya A.S.
11.7.1.8. BYD Co. Ltd.
11.7.1.9. Caetanobus - Fabrico De Autocarros E Carrocarias S.A.
11.7.1.10. Chariot Motors
11.7.1.11. Dongfeng Motor Corp.
11.7.1.12. Ebusco B.V.
11.7.1.13. Nanjing Golden Dragon Bus Co. Ltd.
11.7.1.14. Proterra Inc.
11.7.1.15. Tata Motors Ltd. 
11.7.1.16. Cummins Inc.
11.7.1.17. E-Force One AG
11.7.1.18. Hino Motors Ltd. Isuzu Motors Ltd.
11.7.1.19. Iveco S.p.A.
11.7.1.20. Nikola Corp.
11.7.1.21. Nissan Motor Co. Ltd.
11.7.1.22. Scania AB
11.7.1.23. Workhorse Group Inc. 
11.7.1.24. Other players


SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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