“A new market research report added to repository of Quince Market Insights is an in-depth analysis of Electric Truck Market”. This research reports provides insights on current and future industry trends, enabling readers to identify products and services, driving revenue growth and profitability. This research report provides a detailed analysis of all key factors influencing the market on a global and regional scale, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends. Additionally, the report cites global certainties and assurances along with downstream and upstream analysis of key players. The forecast market information, SWOT analysis, market scenario, and possibility study are the energetic aspects evaluated in this report. The research report presents a 2022 base year and forecasts between 2023 and 2032.

The Global Electric Truck Market was estimated to value USD 670 million in 2021 and is projected to grow at a CAGR of 23.5% during the forecast period from 2021 to 2030. Electric trucks are commercial vehicles working on rechargeable batteries. It is comprised of an electric motor to power the vehicle using high-voltage batteries. They are mainly available in heavy-duty and light-medium variants with different speed capacities. The new electric trucks are also existing in hybrid variants, which work through both battery-operated and fuel-gas engines.

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Top Leading Key Companies are Tevva (U.K.), Volta Trucks (Sweden), StreetScooter (Germany), E-Trucks Europe (Netherlands), and Einride (Sweden).

Electric Truck Market Growth Factors:

• Increase in Prices of Fuels will Create Demand for Electric Trucks

Electric Truck Market Recent Developments:

• June 2021 – Actros L was introduced as the extensive range commercial battery electric vehicle in the region of North America offered by Daimler AG (Germany) and has a GCWR of 82000 lbs. It has a variety of 250 miles and can charge up to 80 percent in 90 minutes.
• December 2020 – The trucks offered by Paccar (U.S.) were introduced, which are equipped with 141 kWh and 282 kWh battery packs allowing 100 and a 200-mile range. Clients get a choice to select between motors rated at 469 hp and 355 hp.
• October 2020 – The Isuzu Motors LTD (Japan) and Volvo Group (Sweden) came into a non-binding Memorandum of understanding with the determination to form a planned alliance in commercial vehicles to release the changes in the constant alteration of the industry. The contracts comprise Isuzu Motors LTDMotor’s acquirement of UD Trucks from the Volvo Group.

Electric Truck Market Segmentation:

• By Type (Light-Duty Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks)
• By Propulsion (BEV, PHEV, and FCEV)
• By Range (0-200 Miles, and Above 200 Miles)
• By Application (Municipal, Construction, Logistics, Mining, and Others)
• By Battery Type (Lithium-Iron-Phosphate, Lithium-Nickel-Manganese-Cobalt Oxide, and Others)
• By Length (0-9 Meters, 10-14 Meters, Above 14 Meters)
• By Payload (0-10,000 LBS, 10,001- 26,000 LBS, and above 26,000 LBS)

For the global version, a list of below countries by region can be added as part of customization at minimum cost:

‣ North America (the United States, Canada & Mexico)

‣ Asia-Pacific (Japan, China, India, Australia, etc)

‣ Europe (Germany, UK, France, etc)

‣ Central & South America (Brazil, Argentina, etc)

‣ the Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, etc)

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Chapter Outline of Electric Truck Market:

– Electric Truck Market Report Overview: It includes major players of the market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

– Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the market are discussed.

– Electric Truck Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

– Electric Truck Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

– Electric Truck Market Size by Application: Besides an overview of the market by application, it gives a study on the consumption in the market by application.

– Electric Truck Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

– Electric Truck Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

– Company Profiles: Almost all leading players of the market are profiled in this section. The analysts have provided information about their recent developments in the market, products, revenue, production, business, and company.

– Electric Truck Market Forecast by Production: The production and production value forecasts included in this section are for the market as well as for key regional markets.

– Electric Truck Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the market as well as for key regional markets.

– Value Chain and Sales Analysis: It deeply analyses customers, distributors, sales channels, and the value chain of the market.

– Key Findings: This section gives a quick look at the important findings of the research study.

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