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Global Electric Truck Market size was valued at US$ 1.5 Bn. in 2020 and the total revenue is expected to grow at 28.1% CAGR through 2021 to 2027, reaching nearly US$ 8.49 Bn.
Global Electric Truck Market Overview
Electric trucks are commercial vehicles that are powered by a battery pack and are used to transport cargo. Furthermore, compared to diesel trucks, electric trucks have fewer moving parts and do not require multi-speed gearboxes, which lowers vehicle maintenance costs and improves reliability while emitting nearly no noise.
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Global Electric Truck Market Major Market Players
Global Electric Truck Market Key Players
• AB Volvo
• BYD Auto Co. Ltd
• Daimler AG
• Dongfeng Motor Corporation
• FAW Group Co., Ltd.
• Foton Motor Inc.
• Isuzu Motors Ltd
• Navistar, Inc.
• PACCAR Inc.
• Tevva Motors Limited
• Volkswagen AG
• Hino Motors Ltd.
• Chanje Energy Inc.
• Orange EV
• Mitsubishi Fuso Truck Bus Corp.
• Nikola Motor Co.
• Fiat Chrysler Automobiles N.V.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Electric Truck Market by Types and Applications:
The report has covered the market size by country (regions) for the global Electric Truck market. Segment by Application. The Electric Truck Market is divided into the North America Europe, ASIA Pacific, Middle East Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Electric Truck Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Electric Truck Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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