Electric Truck Market Research and Forecast Report 2023-2028

1. Global Electric Truck Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Electric Truck Market Research Report: The latest report by IMARC, titled “Electric Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global electric truck market reached a value of US$ 515.1 Million in 2022. An electric truck is generally designed for transporting specialized payloads and cargosfor performing utilitarian work that is powered by batteries. Its exterior frame and wheels are manufactured using aluminum metals that provide an indestructible structure to the vehicle. It is widely adopted as a preferred alternative for fuel-based truckssince it aids in reducing pollution and noise levels. Along with this, it also exhibits the ability to provide regenerative braking as it can easily recover the energy by sending the charging current back to batteries in a controlled process, thereby resulting in the reduction of operating costs. Request Free Sample Report: https://www.imarcgroup.com/electric-truck-market/requestsample

4. Report Description and Highlights Report Description Global Electric Truck Market Trends: The global market is primarily driven by an enhanced focus on sustainable development among the masses. This has led to the increasing investments by leading players in launching lightweight variants of electric trucks to reduce vehicular emissions while enhancing the overall efficiency. Besides this, the rising funding activities by private and public agenciesfor building electric vehicle (EV) charging stationsare propelling the market growth. Moreover, numerous initiatives undertaken by the government of multiple countries for promoting the adoption of e-mobility to control the pollution levelsare creating a positive market outlook. Furthermore, the growing demand for logistics and freights, along with the expanding infrastructural development projects across developing economies,are acting as other major growth-inducing factors. Other factors, including rapid industrialization, significant improvements in the automotive and e-commerce sectors, continuous product innovations,and extensive research and development (R&D) activities conducted by key players, are also positively influencing the product demand.On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2,556.1 Million by 2028, exhibiting a CAGR of 32.2% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Vehicle Type Insights: • Light-duty Truck • Medium-duty Truck • Heavy-duty Truck Propulsion Insights: • Battery Electric Truck • Hybrid Electric Truck • Plug-in Hybrid Electric Truck • Fuel Cell Electric Truck Range Insights: • 0-150 Miles • 151-300 Miles • Above 300 Miles Application Insights: • Logistics

6. Report Description and Highlights Report Description • Municipal • Construction • Mining • Others Regional Insights: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France

7. Report Description and Highlights Report Description • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • VolvoGroup BYD Company Ltd. Mercedes-Benz Group AG China FAW Group Co. Ltd. Isuzu Motors Ltd Navistar Inc. PACCAR Inc. Rivian Automotive. Inc. Volkswagen AG Tata Motors Limited Tesla. Inc. Tevva Motors Limited View Full Report with TOC & List of Figure: https://www.imarcgroup.com/electric-truck-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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