Heavy Duty Trucks Electrification Market Scope And Analysis

  • Report Code : TIPRE00007926
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Heavy-Duty Trucks Electrification Market Scope and Key Players Analysis by 2031

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Heavy-Duty Trucks Electrification Market Report Heavy-Duty Trucks Electrification Market Size and Share Heavy-Duty Trucks Electrification Market Scope and Analysis

Heavy-Duty Trucks Electrification Market Report Scope

Report Attribute Details
Market size in 2023 US$ 12.10 Billion
Market Size by 2031 US$ 22.60 Billion
Global CAGR (2023 - 2031) 10.54%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Commercial Turf Utility Vehicles
  • Golf Carts
  • Industrial Utility Vehicles
  • Personnel Carriers
By Propulsion
  • Diesel
  • Electric
  • Gasoline
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Textron Inc
  • Yamaha Motor Co Ltd
  • The Toro Company
  • Deere Company
  • Waev Inc
  • Club Car US
  • KUBOTA CORPORATION
  • AMERICAN LANDMASTER
  • COLUMBIA VEHICLE GROUP INC

    • Heavy-Duty Trucks Electrification Market News and Recent Developments

    The heavy-duty trucks electrification market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for heavy-duty trucks electrification market and strategies:

    • On March 2023, Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector. The two companies signed a Letter of Intent (LOI), reinforcing their partnership with a forward view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets. By leveraging the advanced technologies and assets of each party, the two companies expect to accelerate the transition to a sustainable future. (Source: Hyundai Motor Company, Press Release/Company Website/Newsletter)
    • On January 2024, As part of its efforts to reduce carbon emissions, Mars and? ?Einride, ?a freight technology company, ?are partnering to bring ?a fleet of ?300 ?electric and digitally optimized, ?heavy-duty trucks to its network across Europe by 2030. Across Europe it is estimated that the ??electric operations? ?will save 20,000 metric tons of CO2e each year by 2030, which is a 10% reduction in Mars Europe’s road transport GHG emissions annually. (Source: Mars, Press Release/Company Website/Newsletter)

    Heavy-Duty Trucks Electrification Market Report Coverage and Deliverables

    The “Heavy-Duty Trucks Electrification Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed Porter’s Five Forces analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles with SWOT analysis