Electric Commercial Vehicles Global Market Size, Trends And Forecast To 2032

The Electric Commercial Vehicles Global Market Report 2023, provides comprehensive information on the electric commercial vehicles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Electric Commercial Vehicles Global Market Report 2023, the market size grew from $88.45 billion in 2022 to $116.95 billion in 2023 at a compound annual growth rate (CAGR) of 32.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global commercial electric vehicles is expected to grow from $357.44 billion in 2027 at a CAGR of 32.2%.

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The electric commercial vehicles market is segmented:

By Propulsion Type
BEV
PHEV
FCEV

By Vehicle Type
Electric Bus
Electric Truck
Electric Pick-up Truck
Electric Van

By Battery Type
Lithium-iron-phosphate (LFP)
Lithium-nickel-manganese-cobalt oxide (NMC)
Other Battery Types

By Technology
Battery Electric Commercial Vehicles
Plug-in Hybrids
Hybrids
Fuel Cell Electric Commercial Vehicles

Top Major Players
BYD
Proterra
AB Volvo
Daimler AG
Nissan

Asia-Pacific was the largest region in the electric commercial vehicles market in 2022.

The table of contents in TBRC’s electric commercial vehicles market report includes:
1. Executive Summary
2. Electric Commercial Vehicles Market Characteristics
3. Electric Commercial Vehicles Market Trends And Strategies
4. Electric Commercial Vehicles Market – Macro Economic Scenario
5. Electric Commercial Vehicles Market Size And Growth
…………………………………………………………………….
26. Africa Electric Commercial Vehicles Market
27. Electric Commercial Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Commercial Vehicles Market
29. Electric Commercial Vehicles Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: BYD Financial Performance
Table 48: Proterra Financial Performance
Table 49: AB Volvo Financial Performance
Table 50: Daimler AG Financial Performance
Table 51: Nissan Financial Performance

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