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Electric Trucks-Global Market Insights and Sales Trends 2025
Synopsis
This report studies the Electric Trucks market. Motor truck is the most of polluters on the road. Nearly 50% of all emissions from the transportation sector are attributable to light-, medium-, and heavy-duty trucks. With the development of electric drive, more and more companies entered into this market and some are planning on the introduction of electric trucks. Electric Trucks can largely cutting down the pollution in the city transmission.
The global Electric Trucks market size is expected to reach US$ 2938.1 million by 2029, growing at a CAGR of 24.1% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Trucks in various end use industries. The expanding demands from the Logistics and Municipal, are propelling Electric Trucks market. Light & Medium-duty Truck, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heavy-duty Truck segment is estimated at % CAGR for the next seven-year period.
Global Electric Trucks key players include Dongfeng, BAIC, etc. Global top two manufacturers hold a share over 65%.
China is the largest market, with a share about 80%, followed by North America and Europe, both have a share about 10 percent.
In terms of product, Light & Medium-duty Truck is the largest segment, with a share over 90%. And in terms of application, the largest application is Logistics, followed by Municipal, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Trucks, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Trucks market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Trucks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Trucks sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Trucks covered in this report include Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, Voltia and Shineray Group, etc.
The global Electric Trucks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dongfeng
BAIC
Guohong Auto
Chongqing Ruichi
BYD
Alke XT
Zenith Motors
Voltia
Shineray Group
Sky-well New Energy Automobile
Changan Automobile
Mitsubishi Fuso
Scania
MAN
Global Electric Trucks market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Trucks market, Segment by Type:
Light & Medium-duty Truck
Heavy-duty Truck
Global Electric Trucks market, by Application
Logistics
Municipal
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Trucks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
This report studies the Electric Trucks market. Motor truck is the most of polluters on the road. Nearly 50% of all emissions from the transportation sector are attributable to light-, medium-, and heavy-duty trucks. With the development of electric drive, more and more companies entered into this market and some are planning on the introduction of electric trucks. Electric Trucks can largely cutting down the pollution in the city transmission.
The global Electric Trucks market size is expected to reach US$ 2938.1 million by 2029, growing at a CAGR of 24.1% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Trucks in various end use industries. The expanding demands from the Logistics and Municipal, are propelling Electric Trucks market. Light & Medium-duty Truck, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heavy-duty Truck segment is estimated at % CAGR for the next seven-year period.
Global Electric Trucks key players include Dongfeng, BAIC, etc. Global top two manufacturers hold a share over 65%.
China is the largest market, with a share about 80%, followed by North America and Europe, both have a share about 10 percent.
In terms of product, Light & Medium-duty Truck is the largest segment, with a share over 90%. And in terms of application, the largest application is Logistics, followed by Municipal, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Trucks, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Trucks market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Trucks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Trucks sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Trucks covered in this report include Dongfeng, BAIC, Guohong Auto, Chongqing Ruichi, BYD, Alke XT, Zenith Motors, Voltia and Shineray Group, etc.
The global Electric Trucks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dongfeng
BAIC
Guohong Auto
Chongqing Ruichi
BYD
Alke XT
Zenith Motors
Voltia
Shineray Group
Sky-well New Energy Automobile
Changan Automobile
Mitsubishi Fuso
Scania
MAN
Global Electric Trucks market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Trucks market, Segment by Type:
Light & Medium-duty Truck
Heavy-duty Truck
Global Electric Trucks market, by Application
Logistics
Municipal
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Trucks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Trucks Market Overview
1.1 Electric Trucks Product Overview
1.2 Electric Trucks Market Segment by Type
1.2.1 Light & Medium-duty Truck
1.2.2 Heavy-duty Truck
1.3 Global Electric Trucks Market Size by Type
1.3.1 Global Electric Trucks Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Trucks Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Trucks Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Trucks Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Trucks Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Trucks Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Trucks Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Trucks Sales Breakdown by Type (2018-2023)
2 Global Electric Trucks Market Competition by Company
2.1 Global Top Players by Electric Trucks Sales (2018-2023)
2.2 Global Top Players by Electric Trucks Revenue (2018-2023)
2.3 Global Top Players by Electric Trucks Price (2018-2023)
2.4 Global Top Manufacturers Electric Trucks Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Trucks Market Competitive Situation and Trends
2.5.1 Electric Trucks Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Trucks Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Trucks as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Trucks Market
2.8 Key Manufacturers Electric Trucks Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Trucks Status and Outlook by Region
3.1 Global Electric Trucks Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Trucks Historic Market Size by Region
3.2.1 Global Electric Trucks Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Trucks Sales in Value by Region (2018-2023)
3.2.3 Global Electric Trucks Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Trucks Forecasted Market Size by Region
3.3.1 Global Electric Trucks Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Trucks Sales in Value by Region (2024-2029)
3.3.3 Global Electric Trucks Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Trucks by Application
4.1 Electric Trucks Market Segment by Application
4.1.1 Logistics
4.1.2 Municipal
4.2 Global Electric Trucks Market Size by Application
4.2.1 Global Electric Trucks Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Trucks Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Trucks Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Trucks Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Trucks Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Trucks Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Trucks Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Trucks Sales Breakdown by Application (2018-2023)
5 North America Electric Trucks by Country
5.1 North America Electric Trucks Historic Market Size by Country
5.1.1 North America Electric Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Trucks Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Trucks Sales in Value by Country (2018-2023)
5.2 North America Electric Trucks Forecasted Market Size by Country
5.2.1 North America Electric Trucks Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Trucks Sales in Value by Country (2024-2029)
6 Europe Electric Trucks by Country
6.1 Europe Electric Trucks Historic Market Size by Country
6.1.1 Europe Electric Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Trucks Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Trucks Sales in Value by Country (2018-2023)
6.2 Europe Electric Trucks Forecasted Market Size by Country
6.2.1 Europe Electric Trucks Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Trucks Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Trucks by Region
7.1 Asia-Pacific Electric Trucks Historic Market Size by Region
7.1.1 Asia-Pacific Electric Trucks Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Trucks Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Trucks Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Trucks Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Trucks Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Trucks Sales in Value by Region (2024-2029)
8 Latin America Electric Trucks by Country
8.1 Latin America Electric Trucks Historic Market Size by Country
8.1.1 Latin America Electric Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Trucks Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Trucks Sales in Value by Country (2018-2023)
8.2 Latin America Electric Trucks Forecasted Market Size by Country
8.2.1 Latin America Electric Trucks Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Trucks Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Trucks by Country
9.1 Middle East and Africa Electric Trucks Historic Market Size by Country
9.1.1 Middle East and Africa Electric Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Trucks Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Trucks Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Trucks Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Trucks Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Trucks Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Dongfeng
10.1.1 Dongfeng Company Information
10.1.2 Dongfeng Introduction and Business Overview
10.1.3 Dongfeng Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Dongfeng Electric Trucks Products Offered
10.1.5 Dongfeng Recent Development
10.2 BAIC
10.2.1 BAIC Company Information
10.2.2 BAIC Introduction and Business Overview
10.2.3 BAIC Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BAIC Electric Trucks Products Offered
10.2.5 BAIC Recent Development
10.3 Guohong Auto
10.3.1 Guohong Auto Company Information
10.3.2 Guohong Auto Introduction and Business Overview
10.3.3 Guohong Auto Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Guohong Auto Electric Trucks Products Offered
10.3.5 Guohong Auto Recent Development
10.4 Chongqing Ruichi
10.4.1 Chongqing Ruichi Company Information
10.4.2 Chongqing Ruichi Introduction and Business Overview
10.4.3 Chongqing Ruichi Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Chongqing Ruichi Electric Trucks Products Offered
10.4.5 Chongqing Ruichi Recent Development
10.5 BYD
10.5.1 BYD Company Information
10.5.2 BYD Introduction and Business Overview
10.5.3 BYD Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BYD Electric Trucks Products Offered
10.5.5 BYD Recent Development
10.6 Alke XT
10.6.1 Alke XT Company Information
10.6.2 Alke XT Introduction and Business Overview
10.6.3 Alke XT Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Alke XT Electric Trucks Products Offered
10.6.5 Alke XT Recent Development
10.7 Zenith Motors
10.7.1 Zenith Motors Company Information
10.7.2 Zenith Motors Introduction and Business Overview
10.7.3 Zenith Motors Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Zenith Motors Electric Trucks Products Offered
10.7.5 Zenith Motors Recent Development
10.8 Voltia
10.8.1 Voltia Company Information
10.8.2 Voltia Introduction and Business Overview
10.8.3 Voltia Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Voltia Electric Trucks Products Offered
10.8.5 Voltia Recent Development
10.9 Shineray Group
10.9.1 Shineray Group Company Information
10.9.2 Shineray Group Introduction and Business Overview
10.9.3 Shineray Group Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shineray Group Electric Trucks Products Offered
10.9.5 Shineray Group Recent Development
10.10 Sky-well New Energy Automobile
10.10.1 Sky-well New Energy Automobile Company Information
10.10.2 Sky-well New Energy Automobile Introduction and Business Overview
10.10.3 Sky-well New Energy Automobile Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Sky-well New Energy Automobile Electric Trucks Products Offered
10.10.5 Sky-well New Energy Automobile Recent Development
10.11 Changan Automobile
10.11.1 Changan Automobile Company Information
10.11.2 Changan Automobile Introduction and Business Overview
10.11.3 Changan Automobile Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Changan Automobile Electric Trucks Products Offered
10.11.5 Changan Automobile Recent Development
10.12 Mitsubishi Fuso
10.12.1 Mitsubishi Fuso Company Information
10.12.2 Mitsubishi Fuso Introduction and Business Overview
10.12.3 Mitsubishi Fuso Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Mitsubishi Fuso Electric Trucks Products Offered
10.12.5 Mitsubishi Fuso Recent Development
10.13 Scania
10.13.1 Scania Company Information
10.13.2 Scania Introduction and Business Overview
10.13.3 Scania Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Scania Electric Trucks Products Offered
10.13.5 Scania Recent Development
10.14 MAN
10.14.1 MAN Company Information
10.14.2 MAN Introduction and Business Overview
10.14.3 MAN Electric Trucks Sales, Revenue and Gross Margin (2018-2023)
10.14.4 MAN Electric Trucks Products Offered
10.14.5 MAN Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Trucks Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Trucks Industrial Chain Analysis
11.4 Electric Trucks Market Dynamics
11.4.1 Electric Trucks Industry Trends
11.4.2 Electric Trucks Market Drivers
11.4.3 Electric Trucks Market Challenges
11.4.4 Electric Trucks Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Trucks Distributors
12.3 Electric Trucks Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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