Global Electric Truck Market is projected to register a CAGR of 22.9% during the forecast period. Electric vehicles use energy put away in the vehicle's locally available batteries to control at least one electric engine that power the wheels. Heavy Duty Charging administrations permit EV drivers to openly charge their vehicles. Most heavy duty charging stations are quick charging and slow charging. Quick charging can convey between 50 kW and 350 kW of force. An hour of charging at a 350 kW Level 3 charging station can anticipate up to 298 miles of reach, and at 50 kW you can anticipate up to 173 miles of reach. The most effective method for charging an electric truck relies upon a few variables. These variables incorporate, however are not restricted to, mileage and battery size. While driving heavy electric trucks, charging systems ordinarily differ between for the time being charging, charging at objective, and charging while out and about.
The emphasis on quick charging framework mirrors an essential move to make electric trucking more useful and helpful for administrators in different regions. A critical pattern in the heavy-duty electric vehicle charging market is a rising dependence on off-shift terminal charging, requiring the foundation of new stops and moves up to existing organization framework. This shift features the basic job of foundation advancement in supporting the jolt of long stretch trucking. Drives, for example, the Milence joint endeavor, upheld by critical interest in north of 1,700 quick and super quick chargers, exhibit the business' obligation to building a vigorous charging environment.
Market Segmentation
Based on truck type the Electric Truck and Heavy-Duty Charging Market is segmented into light-duty electric trucks, medium-duty electric trucks, and heavy-duty electric trucks.
Based on Propulsion Type the Market is classified into Plug-in Fuel Cell Electric Trucks (FCEVs), Hybrid Electric Trucks (PHEVs), Battery Electric Trucks (BEVs), Hybrid Electric Trucks (HEVs). Based on type the Market is bifurcated into AC Charging Station and DC Charging Station.
Based on application the Electric Truck and Heavy-Duty Charging Market is segmented into delivery trucks, refuse collection trucks, vocational trucks, long-haul trucks, and others. Based on charger type the Market is divided into DC charger and AC charger. Based on Standard the Market is segmented into Megawatt Charging System (MCS), Combined Charging System (CCS), and Others. Based on Charging Method the Market is segmented into Fast Charging and Slow Charging.
Regional Insights
Asia-Pacific rules the Electric Truck and Heavy Duty Charging market in 2022. Asia Pacific is probably going to be the biggest supporter of the Electric Truck and Heavy Duty Charging market. This incorporates nations like China, Japan, India, South Korea, Thailand, Taiwan, Malaysia, Vietnam, and Rest of Asia-Pacific. The electric vehicle Electric Truck and Heavy-Duty Charging market in Asia Pacific has filled essentially lately and is supposed to keep on developing quickly.
North America is one of the quickest developing markets for Electric Truck and Heavy Duty Charging on the planet.
In Europe the general quick charger stock numbered more than 70,000 toward the finish of 2022, an increment of around 55% contrasted with 2021. The nations with the biggest quick charger stock are Germany (north of 12 000), France (9 700) and Norway (9 000).
Major Players
Key Companies in the Electric Truck and Heavy-Duty Charging market include ABB, Siemens, Bombardier, Kempower, Tesla, Proterra, ChargePoint, Inc., Efacec, CharIN e.V., EVgo Services LLC, Foton Motor Inc., BYD Company Ltd., Daimler Truck AG, Nikola Corporation, PACCAR Inc, Dongfeng Motor Company, SAIC Hongyan, Sany, Tesla, and AB Volvo.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1.1 GLOBAL ELECTRIC TRUCK MARKET, BY TRUCK TYPE
1.1.2 GLOBAL ELECTRIC TRUCK MARKET, BY PROPULSION TYPE
1.1.3 GLOBAL ELECTRIC TRUCK MARKET, BY APPLICATION
1.1.4 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGER TYPE
1.1.5 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGING METHOD
1.1.6 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGING STATIONS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 GROWING DEMAND OF ELECTRIC TRUCKS IN LOGISTICS AND E-COMMERCE SECTORS TO DRIVE THE ELECTRIC TRUCK MARKET
4.2.2 STRINGENT GOVERNMENT REGULATIONS AND POLICIES DRIVE THE ELECTRIC TRUCKS MARKET
4.3 DRIVERS
4.3.1 POLICY SUPPORT AND EXPANSION OF CHARGING INFRASTRUCTURE DRIVE THE HEAVY-DUTY CHARGING MARKET
4.3.2 THE INCREASING POPULARITY OF ELECTRIC VEHICLES IS FUELING DEMAND FOR HEAVY DUTY CHARGING MARKET
4.4 RESTRAINTS
4.4.1 CONCERNS ABOUT THE RANGE AND EFFICIENCY OF ELECTRIC TRUCKS FOR LONG-HAUL TRANSPORTATION
4.4.2 HIGH UPFRONT COSTS AND COMPLEXITY ASSOCIATED WITH DEPLOYING HEAVY-DUTY CHARGING INFRASTRUCTURE
4.5 OPPORTUNITIES
4.5.1 GROWING PARTNERSHIPS BETWEEN AUTOMAKERS AND CHARGING INFRASTRUCTURE PROVIDERS
4.5.2 TECHNOLOGICAL INNOVATIONS REDUCING ELECTRIC TRUCK MANUFACTURING COSTS
4.5.3 COLLABORATIONS AND PARTNERSHIPS AMONG KEY STAKEHOLDERS IN THE HEAVY-DUTY CHARGING MARKET
4.6 CHALLENGES:
4.6.1 DEMAND FOR HIGH PAYLOAD CAPACITIES AND DIVERSE CONFIGURATIONS IN COMMERCIAL AND VOCATIONAL FLEETS
4.6.2 LIMITED AVAILABILITY AND GEOGRAPHIC DISTRIBUTION OF CHARGING INFRASTRUCTURE
4.7 MARKET TRENDS
4.7.1 ELECTRIC TRUCK MARKET TRENDS:
4.7.2 TRENDS IN HEAVY DEUTY ELECTRIC CHARGING :
4.8 IMPACT ANALYSIS OF COVID-19
4.8.1 IMPACT ON EV SALES
4.8.2 IMPACT ON GLOBAL AUTOMOTIVE INDUSTRY
4.8.3 IMPACT ON SUPPLY CHAIN DISRUPTIONS
4.8.4 IMPACT ON GLOBAL ECONOMY
4.8.5 YOY GROWTH-2022 59
4.9 SUPPLY CHAIN ANALYSIS
4.9.1 DESIGN & DEVELOPMENT
4.9.2 RAW MATERIAL/COMPONENT SUPPLY
4.9.3 ASSEMBLY
4.9.4 DISTRIBUTION/SUPPLY
4.9.5 END USE
5 MARKET FACTOR ANALYSIS
5.1 PORTER'S FIVE FORCES MODEL
5.1.1 THREAT OF NEW ENTRANTS
5.1.2 BARGAINING POWER OF SUPPLIERS
5.1.3 THREAT OF SUBSTITUTES
5.1.4 BARGAINING POWER OF BUYERS
5.1.5 INTENSITY OF RIVALRY
6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 DESIGN & DEVELOPMENT
6.1.2 RAW MATERIAL/COMPONENT SUPPLY
6.1.3 MANUFACTURE
6.1.4 DISTRIBUTION/SUPPLY
6.1.5 END USERS
6.2 PORTER'S FIVE FORCES MODEL
6.2.1 THREAT OF NEW ENTRANTS
6.2.2 BARGAINING POWER OF SUPPLIERS
6.2.3 THREAT OF SUBSTITUTES
6.2.4 BARGAINING POWER OF BUYERS
6.2.5 INTENSITY OF RIVALRY
6.3 SWOT ANALYSIS OF ELECTRIC TRUCK MARKET
6.4 SWOT ANALYSIS OF HEAVY-DUTY CHARGING MARKET
6.5 PESTAL ANALYSIS OF ELECTRIC TRUCK MARKET
6.6 PESTAL ANALYSIS OF HEAVY-DUTY CHARGING MARKET
6.7 MEGAWATT CHARGING SYSTEM (MCS) KEY MARKET PLAYERS
6.8 MEGAWATT CHARGING SYSTEM (MCS) PILOT PROJECTS
6.9 MEGAWATT CHARGING SYSTEM (MCS) BASED PRODUCTS & UPCOMING RELEASES & TIMELINES
6.10 TRANSITION FROM THE CURRENT CCS (COMBINED CHARGING SYSTEM) TO THE MCS (MEGAWATT CHARGING SYSTEM) CHARGING STANDARDS OUTLOOK
7 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGER TYPE
7.1 OVERVIEW
8 GLOBAL HEAVY DUTY CHARGING MARKET, BY STANDARD
8.1 OVERVIEW
9 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGING METHOD
9.1 OVERVIEW
10 GLOBAL HEAVY DUTY CHARGING MARKET, BY CHARGING STATION
10.1 OVERVIEW
11 GLOBAL ELECTRIC TRUCK MARKET, BY TRUCK TYPE
11.1 OVERVIEW
12 GLOBAL ELECTRIC TRUCK MARKET, BY PROPULSION TYPE
12.1 OVERVIEW
13 GLOBAL ELECTRIC TRUCK MARKET, BY APPLICATION
13.1 OVERVIEW
14 GLOBAL HEAVY DUTY CHARGING MARKET, BY REGION
14.1 OVERVIEW
14.2 NORTH AMERICA
14.2.1 US
14.2.2 CANADA
14.2.3 MEXICO
14.3 EUROPE
14.3.1 UK
14.3.2 GERMANY
14.3.3 FRANCE
14.3.4 ITALY
14.3.5 SPAIN
14.3.6 NORWAY
14.3.7 NETHERLANDS
14.3.8 SWEDEN
14.3.9 FINLAND
14.3.10 REST OF EUROPE
14.4 ASIA-PACIFIC
14.4.1 CHINA
14.4.2 JAPAN
14.4.3 INDIA
14.4.4 SOUTH KOREA
14.4.5 THAILAND
14.4.6 TAIWAN
14.4.7 MALAYSIA
14.4.8 VIETNAM
14.4.9 REST OF ASIA-PACIFIC
14.5 MIDDLE EAST & AFRICA
14.5.1 SAUDI ARABIA
14.5.2 UAE
14.5.3 JORDAN
14.5.4 REST OF MIDDLE EAST & AFRICA
14.6 SOUTH AMERICA
14.6.1 BRAZIL
14.6.2 ARGENTINA
14.6.3 CHILE
14.6.4 COLUMBIA
14.6.5 REST OF SOUTH AMERICA
15 GLOBAL ELECTRIC TRUCK MARKET, BY REGION
15.1 OVERVIEW
15.2 NORTH AMERICA
15.2.1 US
15.2.2 CANADA
15.2.3 MEXICO
15.3 EUROPE
15.3.1 UK
15.3.2 GERMANY
15.3.3 FRANCE
15.3.4 ITALY
15.3.5 SPAIN
15.3.6 NORWAY
15.3.7 NETHERLANDS
15.3.8 SWEDEN
15.3.9 FINLAND
15.3.10 REST OF EUROPE
15.4 ASIA-PACIFIC
15.4.1 CHINA
15.4.2 JAPAN
15.4.3 INDIA
15.4.4 SOUTH KOREA
15.4.5 THAILAND
15.4.6 TAIWAN
15.4.7 MALAYSIA
15.4.8 VIETNAM
15.4.9 REST OF ASIA-PACIFIC
15.5 MIDDLE EAST & AFRICA
15.5.1 SAUDI ARABIA
15.5.2 UAE
15.5.3 JORDAN
15.5.4 REST OF MIDDLE EAST & AFRICA
15.6 SOUTH AMERICA
15.6.1 BRAZIL
15.6.2 ARGENTINA
15.6.3 CHILE
15.6.4 COLUMBIA
15.6.5 REST OF SOUTH AMERICA
16 COMPETITIVE LANDSCAPE
16.1 INTRODUCTION
16.2 VENDOR SHAREANALYSIS, (%) 283
16.2.1 VENDOR SHAREANALYSIS, ELECTRIC TRUCK MARKET (%) 283
16.2.2 VENDOR SHAREANALYSIS, HEAVY DUTY CHARGING MARKET (%) 284
16.3 COMPETITOR DASHBOARD
16.3.1 PARTNERSHIP/COLLBORATION/ AWARD
16.3.2 PRODUCT DEVELOPMENT/ PRODUCT LAUNCH/ BUSINESS EXPANSION