Home Industries Services Case Studies Blogs Custom Research Syndicate Services About Us Contact us
Home Industries Services Case Studies Blogs Custom Research Syndicate Services About Us Contact us

Heavy Duty Truck Electrification Market Size By Component (Electric Power Steering, Actuators, Electric Pumps, Alternator, Electric Air Conditioner Compressor, Liquid Heater PTC, and Others), By Powertrain Type (Fuel Cell, Fully Electric, Internal Combustion Engine, and Hybrid), Regions, Segmentation, and Projection till 2030

CAGR: 15%Current Market Size: USD 10.1 BillionFastest Growing Region: APAC

Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022

Global Heavy-Duty Truck Electrification Market- Market Overview:

The global heavy-duty truck electrification market is expected to grow from USD 10.1 billion in 2022 to USD 30.8 billion by 2030, at a CAGR of 15% during the Projection period 2023-2030. The growth of the heavy-duty truck electrification market is mainly driven by the increase in the transportation sector.

Trucking businesses, fleet managers, and drivers are thinking about the possible effects of electrification on their operations as vehicle manufacturers continue to invest in electric trucks and more models are sold in production volumes. To educate and assist fleets in understanding what is involved in switching from conventional diesel- and gas-powered vehicles to trucks that employ alternative electric drivetrains, a variety of tools and resources are available. The growing need from the transportation industry to meet the travel requirements of the expanding global population is expected to drive growth in the market for electric trucks. Electric trucks are made for goods delivery and run on batteries. The main drivers of the growth of the global market for electric trucks are the rising population, urbanization, industrialization, and the expansion of numerous businesses. Additionally, the governments of numerous countries have imposed strict rules on carbon emission management due to the growing awareness about environmental deterioration. This is anticipated to help the market for heavy-duty truck electrification develop overall, along with the increase in fuel prices. The new coronavirus has a terrible effect. The healthcare industry is in a challenging position as a result of the growing patient population and a shortage of medical staff and facilities. Due to the lockdown phase that various governments have imposed, the majority of other businesses are temporarily closed. Other industries struggle to manage meager profits while operating inside the confines of their houses.

Sample Request: - Global Heavy-Duty Truck Electrification Market

Market Dynamics:

Drivers:                          

  • Rise in Demand

According to the Stated Policies Scenario, there will be 1.8 million electric trucks on the road in 2030, whereas there will be 3.9 million, accounting for 1% and 3% of all trucks, respectively, in the Sustainable Development Scenario. Over the Projection period, the percentage of electric truck sales worldwide climbs from zero in 2020 to three percent (10 percent in the Sustainable Development Scenario). Deliveries in cities, where travel lengths are lower and overnight recharge is available, are a common application for electric trucks. Trucks are the least likely to be electrified in the near future of all vehicle types, in part because long-haul transportation needs sophisticated technologies for high-power charging and/or big batteries.

Restraints:                                             

  • High Cost

The expense of the necessary lithium-ion batteries must be hidden, which is a significant problem for electric trucks. Currently, it is predicted that the battery pack will cost roughly $200 per kilowatt-hour. The price of a 500 kWh battery pack would be $50,000 even at $100 per kilowatt-hour. This costs roughly 30% less than a typical truck! It is important to note that even if researchers work to steadily lower the cost of batteries using cutting-edge methods, the availability of some essential materials, such as cobalt, nickel, and lithium, may become a problem in the future and have an impact on battery prices. Because of this, scientists are working on cobalt-free lithium-ion batteries that deliver excellent performance at a lower cost.

Opportunities:

  • Government Initiatives

Governments are promoting electric vehicle use and raising public awareness of their benefits, which has an impact on the demand for electrifying heavy-duty trucks. Additionally, a number of governments have put rigorous rules and regulations in place to limit the use of internal combustion engine (ICE) vehicles, which has benefited the market for electrifying heavy-duty trucks. There are over 28 million trucks and buses in the US, with about 2 million of those in California. Global market participants and governments are actively focusing on lowering vehicle carbon emissions.

Challenges:

  • Low Efficiency

About 60% of the electrical energy in an EV's battery is converted to mechanical power for the wheels. The system's cooling requirements might be substantial with this low degree of efficiency, especially when working with high-power systems like electric heavy-duty vehicles. In order to handle thermal management difficulties, MHDV producers must use more effective semiconductor switches, such as silicon carbide (SiC) devices in the drivetrain. They are unable to use traditional IGBT-based methods to do this. SiC devices can typically withstand operating temperatures of up to 200 °C, with peak temperatures exceeding 600 °C. This makes thermal management of SiC-based solutions easier and makes a smaller, less expensive heatsink possible, coupled with lower power losses.

Segmentation Analysis:

The global heavy-duty truck electrification market has been segmented based on component, powertrain type, and region.

By Component

The component segment is electric power steering, actuators, electric pumps, alternator, electric air conditioner compressors, liquid heater PTC, and others. The electric power steering segment led the largest share of the heavy-duty truck electrification market with a market share of around 34.5% in 2022. A mechanical device called power steering is installed on motor vehicles to assist drivers in steering the vehicle by lowering the amount of steering effort required to turn the steering wheel, which makes it simpler for the vehicle to turn or navigate at slower speeds. Hydraulic or electric actuators add regulated energy to the steering system, allowing the driver to turn the wheels with less physical effort when traveling at conventional speeds and with far less physical effort when the car is stopped or going slowly. Additionally, the forces exerted on the steered wheels can be artificially simulated by the power steering's engineering.

By Powertrain Type

The powertrain type segment is a fuel cell, fully electric, internal combustion engine, and hybrid. The internal combustion engine segment led the largest share of the heavy-duty truck electrification market with a market share of around 40.3% in 2022. The combustion of a fuel takes place with the help of an oxidizer (often air) in a combustion chamber that is a crucial component of the working fluid flow circuit in an internal combustion engine (ICE or IC engine). In an internal combustion engine, a component is subjected to direct force as a result of the expansion of the high-temperature and high-pressure gases produced during combustion. Typically, the force is applied to a rotor (Wankel engine), turbine blades (gas turbine), pistons (piston engine), or a nozzle (jet engine). The component is propelled across a distance by this force, which converts chemical energy into kinetic energy that is then utilised to move or power whatever the engine is connected to.

Global Heavy-Duty Truck Electrification Market - Sales Analysis.

The sale of the heavy-duty truck electrification market expanded at a CAGR of 14% from 2016 to 2022.

Trucks play a crucial role at every stage of the economic value chain and are major enablers of global economic activity. We need to accelerate vehicle evolution to combat greenhouse gas emissions and climate change. Medium and heavy-duty zero-emission cars are gaining significant momentum across the globe, and India isn't far behind. The nation's booming economy offers a chance for transportation technology breakthroughs as well.

Internal combustion engines (ICEs) have been the preeminent method of moving people and things since the turn of the 20th century. However, battery-electric vehicles such as automobiles, buses, and trucks are quickly changing how people and products are transported on roads. Both established OEMs and recent entrants are driving this transformation, which is occurring at a rate that few could have predicted a few years ago (see sidebar, "Adoption of battery-electric vehicles in the passenger-car and commercial-vehicle industries").

The move has also been influenced by recent, significant improvements in battery performance and cost, local and global environmental concerns, and improved, more widely accessible charging technology.

Thus, owing to the aforementioned factors, the global heavy-duty truck electrification market is expected to grow at a CAGR of 15% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the heavy-duty truck electrification market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the heavy-duty truck electrification market and held a 38.2% share of the market revenue in 2022.

  • The North America region witnessed a major share. The manufacturer has been forced to concentrate more on the development of heavy-duty truck electrification due to the growing demand for heavy-duty trucks for various applications, including the delivery of goods in cities and urban areas, regional distribution, and international and national transportation. Demand is increasing for Class 4, 5, and 6 parcel delivery vehicles, Class 5, 6, and 7 regional transportation vehicles, and Class 7 and 8 international and domestic transportation vehicles. Proterra, Inc. (US-based) recently launched the Proterra Powered vehicle electrification solutions, which take advantage of the company's electric vehicle technology to enable OEMs to develop heavy-duty electric vehicles. The US dominated the market for electrifying heavy-duty trucks in the area.
  • Asia-Pacific is anticipated to experience significant growth during the Projection period. The area offers huge prospects to both suppliers and manufacturers of electric vehicles. Numerous economies in the area are expanding, and these economies are driving growth in a wide range of industries, including manufacturing, automotive, technology, construction, and others. Many of the APAC region's burgeoning economies are seen as developing ones, drawing investment from the regulatory agencies of these nations to advance their technologies. This would eventually spur the development and uptake of heavy-duty electric cars in a number of nations, increasing the demand for improved mobility throughout the area.

Global Heavy-Duty Truck Electrification Market - Country Analysis:

  • Germany

Germany's heavy-duty truck electrification market size was valued at USD 0.75 billion in 2022 and is expected to reach USD 1.19 billion by 2030, at a CAGR of 6% from 2023 to 2030. To fulfill the region's emission control regulation norms, hybrid and electric vehicles are becoming more popular.

  • China

China’s heavy-duty truck electrification market size was valued at USD 0.78 billion in 2022 and is expected to reach USD 1.26 billion by 2030, at a CAGR of 6.2% from 2023 to 2030. China dominated the Asian market for the heavy-duty truck electrification. With sales increasing by 61.7% year over year to a total of 1.25 million new energy vehicles in 2018, China is one of the top markets for these vehicles. According to the China Association of Automobile Manufacturers (CAAM), 1.6 million vehicles are predicted to be sold in 2019. The world's largest EV manufacturer is China.

  • India

India's heavy-duty truck electrification market size was valued at USD 0.60 billion in 2022 and is expected to reach USD 0.96 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. The increasing need for electric cars to reduce emission levels, which is driving rules and regulations in both developing and developed nations of the world, is expected to propel the market for heavy-duty truck electrification in the region to significant growth during the Projection period.

Key Industry Players Analysis:

To increase their market position in the global heavy-duty truck electrification market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.             

  • BYD Motors Inc.
  • Scania AB
  • Dongfeng Motor Corporation
  • Daimler AG
  • Volvo Group

Latest Development:

  • In January 2022, the previously planned joint venture for charging infrastructure in Europe was finally formed by The Volvo Group, Daimler Truck, and TRATON GROUP. A minimum of 1,700 high-performance green energy charging points will be installed and run by the joint venture (JV) at logistical hubs, on motorways, and in close proximity to them throughout Europe.
  • In January 2022, In order to further develop internal combustion engines as one method of achieving carbon neutrality, Isuzu Motors Limited (Isuzu), DENSO Corporation (DENSO), Toyota Motor Corporation (Toyota), Hino Motors, Ltd. (Hino), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they had begun planning and foundational research on hydrogen engines for heavy-duty commercial vehicles.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

15%

Market Size

10.1 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Component, By Powertrain Type, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

BYD Motors Inc., Scania AB, Dongfeng Motor Corporation, Daimler AG, and Volvo Group.

By Component

  • Electric Power Steering
  • Actuators
  • Electric Pumps
  • Alternator
  • Electric Air Conditioner Compressor
  • Liquid Heater PTC
  • Others        

By Powertrain Type

  • Fuel Cell
  • Fully Electric
  • Internal Combustion Engine
  • Hybrid                        

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Heavy-Duty Truck Electrification Market By Component:

  • Electric Power Steering
  • Actuators
  • Electric Pumps
  • Alternator
  • Electric Air Conditioner Compressor
  • Liquid Heater PTC
  • Others

Global Heavy-Duty Truck Electrification Market By Powertrain Type:

  • Fuel Cell
  • Fully Electric
  • Internal Combustion Engine
  • Hybrid

Global Heavy-Duty Truck Electrification Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the heavy-duty truck electrification market in 2030?

Global heavy-duty truck electrification market is expected to reach USD 30.8 billion by 2030.

What is the powertrain type segment of the heavy-duty truck electrification market?

Based on the powertrain type, the heavy-duty truck electrification market is segmented into the fuel cell, fully electric, internal combustion engine, and hybrid.

What are the key factors for the growth of the heavy-duty truck electrification market?

According to the Stated Policies Scenario, there will be 1.8 million electric trucks on the road in 2030, whereas there will be 3.9 million, accounting for 1% and 3% of all trucks, respectively, in the Sustainable Development Scenario. Over the Projection period, the percentage of electric truck sales worldwide climbs from zero in 2020 to three percent (10 percent in the Sustainable Development Scenario).

What is the global heavy-duty truck electrification market breakup based on the component?

Based on the component, the global heavy-duty truck electrification market has been segmented into electric power steering, actuators, electric pumps, alternator, electric air conditioner compressors, liquid heater PTC, and others.

Which are the leading market players active in the heavy-duty truck electrification market?

Leading market players active in the global heavy-duty truck electrification market are BYD Motors Inc., Daimler AG, Dongfeng Motor Corporation, Scania AB, and Volvo Group among other.

Political Factors- The profitability of the heavy-duty truck electrification market will be directly impacted by entering high-tax countries. High taxes impede exports and have an impact on global trade. heavy-duty truck electrification sales can take advantage of low-tax environments and generate substantial sums of money that can be used to fund R&D initiatives. In order to comprehend the aims and interests of the host government in emerging industries, the organization may also investigate the tax laws that are relevant to the firm. High trade barriers may make the current economic crisis worse by damaging exports and connections with other trading partners across the world. In addition, if the government of the subject nation does not seriously consider its responsibility to safeguard the intellectual property rights of commercial firms.

Economical Factors- If the heavy-duty truck electrification market is able to meet its long-term growth objectives will depend on the GDP growth rate. Increased consumer spending power for the goods being supplied is another indication of a high GDP. An indication that there is surplus labour available at comparatively low salaries is a high unemployment rate. The heavy-duty truck electrification market is able to reduce production costs by operating in such a market. The interest rate and how it affects a company's ability to borrow money and its investment philosophy should be carefully taken into account. Due to the high interest rate, which will promote an investment-friendly mindset, the heavy-duty truck electrification business will have a higher opportunity for growth. Finally, exchange rate fluctuations may affect both the profitability and global trade.

Social Factor- Global markets like the heavy-duty truck electrification markets depend heavily on changes in demographic patterns, such as population aging, migration trends, and socioeconomic characteristics. The heavy-duty truck electrification market may select the proper market segment or sectors with significant expansion potential with the aid of a study of the demographic parameters. Migration also has an impact on business and marketing plans. It is crucial for the heavy-duty truck electrification industry to comprehend public opinion on migration in general because it can affect businesses' capacity to hire foreign management in the host nation.

Technological Factors-If the heavy-duty truck electrification industry is to remain competitive, it must carefully study recent technological improvements. It's critical to pay attention to how 5G could improve user experience, speed, and access to increase productivity. These technological advancements have the power to fundamentally alter a sector of the economy and alter the guidelines for market actors' success. It is also important to consider the technology's state of development and maturity within the relevant sector. By concentrating on new technical advancements, the heavy-duty truck electrification market may expand its market share when it enters markets where technological progress has not yet reached maturity.

Environmental Factors- Utilization of green or environmentally friendly products is increasing. The heavy-duty truck electrification industry may seize the chance and employ green business practices to win over stakeholders. Priorities for product innovation are shifting as a result of regulatory organizations' emphasis on ensuring conformance with environmental regulations. Traditional value propositions must be promoted after the eco-friendliness of the items in the heavy-duty truck electrification sector. Due to its excessive resource usage, the heavy-duty truck electrification market could draw criticism from the media, environmental protection organizations, consumers, and the general public. In order to determine which resources (such as water, energy, etc.) are rare or which species are thought to be endangered, the heavy-duty truck electrification market must research the nation's distinctive environmental legislation.

Legal Factors- Since certain nations have strict rules safeguarding worker safety, the heavy-duty truck electrification market must adhere to employee/labor health and safety standards. The heavy-duty truck electrification industry has a moral and ethical duty to give all its employees a safe workplace. Similar to the above, it is important to carefully consider anti-discrimination laws (such as equal employment opportunity laws) when creating human resource practices because discriminatory lawsuits against employers damage an organization's reputation and impair its capacity to attract and retain talent.

  1. Introduction
    • 1. Objectives of the Study
    • 2. Market Definition
    • 3. Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    • 1. Porter’s Five Forces Analysis
    • 2. Value Chain Analysis
    • 3. Top Investment Pockets
      • 3.1. Market Attractiveness Analysis By Component
      • 3.2. Market Attractiveness Analysis By Powertrain Type
      • 3.3. Market Attractiveness Analysis By Region
    • 4. Industry Trends
  5. Market Dynamics
    • 1. Market Evaluation
    • 2. Drivers
      • 2.1. Rise in Demand
    • 3. Restraints
      • 3.1. High Cost
    • 4. Opportunities
      • 4.1. Government Initiatives
    • 5. Challenges
      • 5.1. Low Efficiency
  1. Global Heavy-Duty Truck Electrification Market Analysis and Projection, By Component
    • 1. Segment Overview
    • 2. Electric Power Steering
    • 3. Actuators
    • 4. Electric Pumps
    • 5. Alternator
    • 6. Electric Air Conditioner Compressor
    • 7. Liquid Heater PTC
    • 8. Others
  2. Global Heavy-Duty Truck Electrification Market Analysis and Projection, By Powertrain Type
    • 1. Segment Overview
    • 2. Fuel Cell
    • 3. Fully Electric
    • 4. Internal Combustion Engine
    • 5. Hybrid
  3. Global Heavy-Duty Truck Electrification Market Analysis and Projection, By Regional Analysis
    • 1. Segment Overview
    • 2. North America
      • 2.1. U.S.
      • 2.2. Canada
      • 2.3. Mexico
    • 3. Europe
      • 3.1. Germany
      • 3.2. France
      • 3.3. U.K.
      • 3.4. Italy
      • 3.5. Spain
    • 4. Asia-Pacific
      • 4.1. Japan
      • 4.2. China
      • 4.3. India
    • 5. South America
      • 5.1. Brazil
    • 6. Middle East and Africa
      • 6.1. UAE
      • 6.2. South Africa
  1. Global Heavy-Duty Truck Electrification Market-Competitive Landscape
    • 1. Overview
    • 2. Market Share of Key Players in the Heavy-Duty Truck Electrification Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • 3. Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions
  1. Company Profiles
    • BYD Motors Inc.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Scania AB
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Dongfeng Motor Corporation
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Daimler AG
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Volvo Group
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis

List of Table

  1. Global Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  2. Global Electric Power Steering, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  3. Global Actuators, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  4. Global Electric Pumps, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  5. Global Alternator, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  6. Global Electric Air Conditioner Compressor, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  7. Global Liquid Heater PTC, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  8. Global Others, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  9. Global Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  10. Global Fuel Cell, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  11. Global Fully Electric, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  12. Global Internal Combustion Engine, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  13. Global Hybrid, Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  14. Global Heavy-Duty Truck Electrification Market, By Region, 2023–2030 (USD Billion)
  15. North America Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  16. North America Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  17. USA Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  18. USA Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  19. Canada Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  20. Canada Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  21. Mexico Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  22. Mexico Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  23. Europe Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  24. Europe Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  25. Germany Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  26. Germany Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  27. France Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  28. France Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  29. UK Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  30. UK Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  31. Italy Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  32. Italy Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  33. Spain Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  34. Spain Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  35. Asia Pacific Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  36. Asia Pacific Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  37. Japan Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  38. Japan Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  39. China Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  40. China Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  41. India Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  42. India Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  43. South America Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  44. South America Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  45. Brazil Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  46. Brazil Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  47. Middle East and Africa Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  48. Middle East and Africa Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  49. UAE Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  50. UAE Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)
  51. South Africa Heavy-Duty Truck Electrification Market, By Component, 2023–2030 (USD Billion)
  52. South Africa Heavy-Duty Truck Electrification Market, By Powertrain Type, 2023–2030 (USD Billion)

List of Figures 

  1. Global Heavy-Duty Truck Electrification Market Segmentation
  2. Heavy-Duty Truck Electrification Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Heavy-Duty Truck Electrification Market Attractiveness Analysis By Component
  9. Global Heavy-Duty Truck Electrification Market Attractiveness Analysis By Powertrain Type
  10. Global Heavy-Duty Truck Electrification Market Attractiveness Analysis By Region
  11. Global Heavy-Duty Truck Electrification Market: Dynamics
  12. Global Heavy-Duty Truck Electrification Market Share By Component (2023 & 2030)
  13. Global Heavy-Duty Truck Electrification Market Share By Powertrain Type (2023 & 2030)
  14. Global Heavy-Duty Truck Electrification Market Share by Regions (2023 & 2030)
  15. Global Heavy-Duty Truck Electrification Market Share by Company (2021)

Request For Methodology

To receive a sample copy of this report, please complete the form below

Kindly share your specific requirement (if any)
Heavy Duty Truck Electrification Market

Get The Free Sample Within 30 Minutes

Kindly share your specific requirement (if any)