The heavy duty truck electrification market accounted to US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 25.5 Bn by 2027.
Geographically, the heavy duty truck electrification market is segmented into North America, APAC, Europe, MEA, and SAM. Asia Pacific led the heavy duty truck electrification market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. The government bodies of India and China has implemented a proposal wherein they would catalyze the company costs on the production of electric vehicles, which reduces the emission substantially. The government is offering to invest hugely to scale up EV production and sales.
North America is the second-largest market in the heavy duty truck electrification market. Apart from APAC and North America, Europe remains at the third-largest geographic segment in the heavy duty truck electrification market. Some of the major truck manufacturers in Europe have been testing electric delivery trucks that would be commercialized in the coming years. These electric delivery trucks are driven with better driver comfort, the lower total cost of ownership, tightening CO2 regulations, and better air quality action in cities. The implementations of electric vehicles have witnessed at a rapid pace in the European region.
Some of the key players in this market include Aisin Seiki Co.Ltd., Borgwarner Inc., Continental AG, Delphi technologies PLC, Denso corporation, Magna International Inc, Mitsubishi Motors Corporation, Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG
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This is a professional and in-depth study on the current state of the Heavy Duty Truck Electrification Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Heavy Duty Truck Electrification Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
The Insight Partners Heavy Duty Truck Electrification Market Research Report Scenario include:-
- The report provides qualitative and quantitative trends of global Heavy Duty Truck Electrification Market across type, type of products, service, and geography.
- The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Heavy Duty Truck Electrification Market.
- Chapter Three provides the research methodology of the study.
- Chapter Four further provides PEST analysis for each region.
- Chapter Five highlights the key industry dynamics in the Heavy Duty Truck Electrification Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
- Chapter Six discusses the global Heavy Duty Truck Electrification Market scenario, in terms of historical market revenues, and forecast till the year 2027.
- Chapter Seven to ten discuss Heavy Duty Truck Electrification Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
- Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
- Chapter Twelve provides the detailed profiles of the key companies operating in the global Heavy Duty Truck Electrification Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
- Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.
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The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Heavy Duty Truck Electrification Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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