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Pulished Date April, 2021
ID: 9103
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Europe Electric Commercial Vehicle Market by Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle), by Vehicle Type (Bus, Pick-Up Trucks, Van and Trucks), by Range (Less than 150 miles, 151-250 miles, 251-500 miles, and More than 500 miles), by Component Type (Electric Motor, Hydrogen fuel Cell and Electric Vehicle Battery), and Region - Forecast to 2026

Pulished: April, 2021
ID: 9103
Pages: 145

Product Description:

Electric Vehicle (EV) is the growing trend across the globe with the rising need to replace conventional vehicles that cause environmental pollution. They are gaining prominence due to the features like higher performance, fuel-efficiency, less carbon footprint, numerous options to charge, and decreased engine noises. Initially started with passenger vehicles, this technology is now moving towards the commercial sector, aiming to revolutionize the present scenario.

Market overview:

The European electric commercial vehicle market is anticipated to register a CAGR of over 5.67%, during the forecast period, 2021-2026.

Recent Developments.

Volkswagen, Daimler and Honda will be showcasing their latest electric cars at shows, and if they can reach their target, it will help them avoid endings exceeding one billion euros. Volkswagen companies at Daimler will announce a new battery model in Frankfurt, hoping to attract consumers and reduce emissions.

The Netherlands and Norway will completely ban the sale of fossil fuel cars by 2025. Other countries, such as Germany, have also decided to ban the sale of conventional vehicles by 2030.

Drivers and Restraints:

Drivers:

Some of the main factors driving the growth of the electric commercial vehicle market are the increase in e-commerce activities (which in turn has led to the growth of the logistics industry) and the emergence of new carpooling platforms.

Retail sales and online e-commerce have increased due to the increased penetration of internet connectivity and smartphones. This should translate into an increase in the purchase of more commercial vehicles to facilitate rapid delivery of items to buyers. The main driver of Europe electric commercial vehicle business growth is the increased preference for pick-up trucks and small vans over heavy trucks and railways for logistics.

Strict emission standards require automakers to reduce the use of fossil fuels to comply with emission standards. This has resulted in the use of lighter metals, such as aluminum, magnesium and their lighter alloys and composites, such as carbon fiber, in vehicles. The increase in demand for LCVs in the region is also promoting the overall trade. For example, Daimler has entered into a joint venture with the American start-up Via, which is focused on developing scalable and on-demand route sharing solutions. Together, the two companies aim to introduce demand shared routes in Europe, which is likely to increase demand for electric vans in the European region during the forecast period.

Factors such as increased pollution and environmental risks, strict government regulations and fierce competition have forced auto parts manufacturers to make fuel-efficient and environmentally-friendly vehicles. In this quest, automotive OEMs and component manufacturers are exploring ways to develop and design commercial vehicles that can meet vehicle fuel efficiency and emissions standards.

Restraints:

However, the expenses related to manufacturing and the low fuel economy and serviceability of the EVs hamper the rapid expansion of the market.

Market segmentation:

By Propulsion Type:

Depending on the propulsion type, Europe electric commercial vehicle market is divided into plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), fuel cell electric vehicles (FCEV) and battery electric vehicles (BEV). Among these, BEV accounted for the major share in the regional market due to the fewer prices and easy adoption. However, HEV and PHEV are predicted to contribute significantly in the coming years due to more advanced loading options and an increase in production units.

By Vehicle Type:

Depending on the type of vehicle, the European electric commercial vehicle market is classified as bus, pick-up trucks, van and trucks. Among these, the bus segment occupies the dominant position in the region due to strict government regulations and consumer awareness about public transport and a pollution-free society. However, the electric van segment is expected to experience rapid growth during the forecast period due to the increasing adoption of these vehicles in the transportation and logistics sector with respect to the rising online product sales.

By Range:

Based on range, Europe electric commercial vehicle market is separated as less than 150 miles, 151-250 miles, 251-500 miles, and more than 500 miles. Of these, the more than 500 miles segment is estimated to account for the highest share in the foreseen years.

By Component Type:

On the basis of component type, the regional market is segmented as the electric motor, hydrogen fuel cell and electric vehicle battery. Among these, the electric vehicle battery segment holds the protruding portion of the overall market, owing to its importance in the electric vehicles.

Regional Analysis:

Europe is expected to be the fastest-growing market due to the high adoption rate of electric trucks in the logistics sector of the region. It is also foreseen to be the fast-growing market for electric utility vehicles during the forecast period. The growing demand for electric vans in the logistics sector and the emphasis on the electrification of the public transport fleet are stimulating the market for commercial electric vehicles in Europe. 

Europe is a crucial region for innovations, significant R&D, and technological advances in electric vehicles, battery technologies, and charging solutions. France is a noteworthy area in Europe market, followed by Germany. France is home to many established OEMs that supply electric vehicles and also has a higher adoption rate for electric utility vehicles. 

Key Players:

AB Volvo (Sweden), VDL Bus and Coach (Netherlands), Daimler (Germany), CAF (Spain), EBUSCO (Netherlands), Scania (Sweden), Continental AG, Tesla, Nissan Corporation and Emoss Mobile Systems.

The research report highlights:

• Comprehensive context analysis, which includes an evaluation of the parent market

• Significant changes in market dynamics.

• Market segmentation in the second or third level.

• Historical market size, current and projected in terms of value and volume.

• Reports and evaluation of recent industry developments.

• Market shares and strategies of the main actors.

• Niche of emerging segments and regional markets.

• An objective evaluation of the market trajectory.

• Recommendations to companies to strengthen their presence in the market.

  1. 1. Introduction                                

                   1.1 Market Definition                    

                   1.2 Scope of the report                

                   1.3 Study Assumptions                  

                   1.4 Base Currency, Base Year and Forecast Periods                         

    2. Research Methodology                                          

                   2.1 Analysis Design                        

                   2.2 Research Phases                      

                                  2.2.1 Secondary Research           

                                  2.2.2 Primary Research 

                                  2.2.3 Data Modelling      

                                  2.2.4 Expert Validation  

                   2.3 Study Timeline                         

    3. Report Overview                                       

                   3.1 Executive Summary                

                   3.2 Key Inferencees                       

    4. Market Dynamics                                     

                   4.1 Impact Analysis                        

                                  4.1.1 Drivers      

                                  4.1.2 Restaints  

                                  4.1.3 Opportunities         

                   4.2 Regulatory Environment                      

                   4.3 Technology Timeline & Recent Trends                           

    5. Competitor Benchmarking Analysis                                   

                   5.1 Key Player Benchmarking                     

                                  5.1.1 Market share analysis        

                                  5.1.2 Products/Service   

                                  5.1.3 Regional Presence

                   5.2 Mergers & Acquistion Landscape                     

                   5.3 Joint Ventures & Collaborations                       

    6. Market Segmentation                                            

                   6.1 Electric Commercial Vehicle Market, By Propulsion Type                       

                                  6.1.1 Battery Electric Vehicle (BEV)          

                                  6.1.2 Hybrid Electric Vehicle (HEV)           

                                  6.1.3 Plug-in Hybrid Electric Vehicle (PHEV)          

                                  6.1.4 Fuel Cell Electric Vehicle (FCEV)      

                                  6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                  6.1.6 Y-o-Y Growth Rate Analysis              

                                  6.1.7 Market Attractiveness Index           

                   6.2 Electric Commercial Vehicle Market, By Vehicle Type               

                                  6.2.1 Bus            

                                  6.2.2 Pick-up Trucks       

                                  6.2.3 Van            

                                  6.2.4 Trucks       

                                  6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                  6.2.6 Y-o-Y Growth Rate Analysis              

                                  6.2.7 Market Attractiveness Index           

                   6.3 Electric Commercial Vehicle Market, By Range                           

                                  6.3.1 Less than 150 miles             

                                  6.3.2 151-250 miles        

                                  6.3.3 251-500 miles        

                                  6.3.4 More than 500 miles          

                                  6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                  6.3.6 Y-o-Y Growth Rate Analysis              

                                  6.3.7 Market Attractiveness Index           

                   6.4 Electric Commercial Vehicle Market, By Component Type                     

                                  6.4.1 Electric Motor       

                                  6.4.2 Hydrogen Fuel Cell              

                                  6.4.3 Electric Vehicle Battery      

                                  6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                                  6.4.5 Y-o-Y Growth Rate Analysis              

                                  6.4.6 Market Attractiveness Index           

    7. Geographical Landscape                                        

                   7.1 Global Identity Governance and Administration Market, by Region                   

                   7.2 North America - Market Analysis (2018 - 2024)                          

                                  7.2.1 By Country              

                                                 7.2.1.1 USA

                                                 7.2.1.2 Canada

                                  7.2.2 By Propulsion Type             

                                  7.2.3 By Vehicle Type     

                                  7.2.4 By Range  

                                  7.2.5 By Component Type           

                   7.3 Europe                        

                                  7.3.1 By Country              

                                                 7.3.1.1 UK

                                                 7.3.1.2 France

                                                 7.3.1.3 Germany

                                                 7.3.1.4 Spain

                                                 7.3.1.5 Italy

                                                 7.3.1.6 Rest of Europe

                                  7.3.2 By Propulsion Type             

                                  7.3.3 By Vehicle Type     

                                  7.3.4 By Range  

                                  7.3.5 By Component Type           

                   7.4 Asia Pacific                 

                                  7.4.1 By Country              

                                                 7.4.1.1 China

                                                 7.4.1.2 India

                                                 7.4.1.3 Japan

                                                 7.4.1.4 South Korea

                                                 7.4.1.5 South East Asia

                                                 7.4.1.6 Australia & NZ

                                                 7.4.1.7 Rest of Asia-Pacific

                                  7.4.2 By Propulsion Type             

                                  7.4.3 By Vehicle Type     

                                  7.4.4 By Range  

                                  7.4.5 By Component Type           

                   7.5 Latin America                           

                                  7.5.1 By Country              

                                                 7.5.1.1 Brazil

                                                 7.5.1.2 Argentina

                                                 7.5.1.3 Mexico

                                                 7.5.1.4 Rest of Latin America

                                  7.5.2 By Propulsion Type             

                                  7.5.3 By Vehicle Type     

                                  7.5.4 By Range  

                                  7.5.5 By Component Type           

                   7.6 Middle East and Africa                         

                                  7.6.1 By Country              

                                                 7.6.1.1 Middle East

                                                 7.6.1.2 Africa

                                  7.6.2 By Propulsion Type             

                                  7.6.3 By Vehicle Type     

                                  7.6.4 By Range  

                                  7.6.5 By Component Type           

    8. Key Player Analysis                                   

                   8.1 AB Volvo                     

                                  8.1.1 Business Description           

                                  8.1.2 Products/Service   

                                  8.1.3 Financials 

                                  8.1.4 SWOT Analysis       

                                  8.1.5 Recent Developments        

                                  8.1.6 Analyst Overview  

                   8.2 VDL Bus and Coach                 

                   8.3 Diamler                       

                   8.4 CAF               

                   8.5 Scania                         

                   8.6 Continental AG                        

                   8.7 EBUSCO                      

                   8.8 Emoss Mobile Systems                         

                   8.9 Tesla Corp                  

                   8.10 Nissan Corporation              

    9. Market Outlook & Investment Opportunities                                 

    Appendix                                          

                   List of Tables                    

                   List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of market by type, by material, by application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  2. Europe Battery Electric Vehicle (BEV) Market By Region, From 2021-2026 ( USD Billion )
  3. Europe Hybrid Electric Vehicle (HEV) Market By Region, From 2021-2026 ( USD Billion )
  4. Europe Plug-in Hybrid Electric Vehicle (PHEV) Market By Region, From 2021-2026 ( USD Billion )
  5. Europe Fuel Cell Electric Vehicle (FCEV) Market By Region, From 2021-2026 ( USD Billion )
  6. Europe Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  7. Europe Bus Market By Region, From 2021-2026 ( USD Billion )
  8. Europe Pick-Up Trucks Market By Region, From 2021-2026 ( USD Billion )
  9. Europe Van Market By Region, From 2021-2026 ( USD Billion )
  10. Europe Trucks Market By Region, From 2021-2026 ( USD Billion )
  11. Europe Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  12. Europe Less than 150 miles Market By Region, From 2021-2026 ( USD Billion )
  13. Europe 150-250 miles Market By Region, From 2021-2026 ( USD Billion )
  14. Europe 251-500 miles Market By Region, From 2021-2026 ( USD Billion )
  15. Europe More than 500 miles Market By Region, From 2021-2026 ( USD Billion )
  16. Europe Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )
  17. Europe Electric Motor Market By Region, From 2021-2026 ( USD Billion )
  18. Europe Hydrogen Fuel Cell Market By Region, From 2021-2026 ( USD Billion )
  19. Europe Electric Vehicle Battery Market By Region, From 2021-2026 ( USD Billion )
  20. U.K. Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  21. U.K. Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  22. U.K. Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  23. U.K. Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )
  24. Germany Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  25. Germany Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  26. Germany Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  27. Germany Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )
  28. France Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  29. France Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  30. France Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  31. France Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )
  32. Italy Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  33. Italy Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  34. Italy Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  35. Italy Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )
  36. Spain Electric Commercial Vehicle Market By Propulsion Type, From 2021-2026 ( USD Billion )
  37. Spain Electric Commercial Vehicle Market By Vehicle Type, From 2021-2026 ( USD Billion )
  38. Spain Electric Commercial Vehicle Market By Range, From 2021-2026 ( USD Billion )
  39. Spain Electric Commercial Vehicle Market By Component Type, From 2021-2026 ( USD Billion )

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