Zero-Emission Trucks Market Size, Trends and Insights By Vehicle Type (Electric Light-Duty Trucks, Electric Medium-Duty Trucks, Electric Heavy-Duty Trucks), By Source (Battery Electric Trucks (BEVs), Hydrogen Fuel Cell Electric Trucks (FCEVs), Hybrid Electric Trucks (HEVs)), By Application (Last-Mile Delivery, Logistics and Transportation, Construction, Waste Management, Municipal Services), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI27276

Published Date: July 2023

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 29.2%
4.5B
2022
9.8B
2023
58.3B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Tesla Inc.
  • Daimler AG
  • Volvo Group
  • BYD Company Limited
  • Nikola Corporation
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

As per the current market research conducted by CMI Team, the global Zero-Emission Trucks Market is expected to record a CAGR of 29.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 4.5 billion. By 2032, the valuation is anticipated to reach USD 58.3 billion.

Total Public Energy RD&D Budgets by Country, 2022

Country RD&D Budgets
Germany 1744.9
Canada 1076.7
Korea 691.5
Norway 510.5
Australia 408.9
Swizerland 355.8
Belgium 276.5
Sweden 273.8
Poland 159.6
Denmark 123.2
Source: According to International Energy Association

The Zero-Emission Trucks Market comprises vehicles powered by alternative energy sources like electric or hydrogen fuel cells, emitting no tailpipe emissions. Its nature involves rapid technological advancements in batteries and fuel cells, increased government regulations promoting eco-friendly transport, and a growing focus on sustainability and corporate responsibility.

Trends encompass innovative electric truck models, expanding charging infrastructure, hydrogen fuel cell truck adoption, and rising demand for last-mile delivery using zero-emission trucks. Government incentives and corporate sustainability initiatives propel market growth and encourage widespread adoption of environmentally friendly transportation options.

Zero-Emission Trucks Market – Significant Growth Factors

The Zero-Emission Trucks Market presents significant growth opportunities due to several factors:

  • Advancements in Technology: Continuous advancements in battery and fuel cell technology have led to more efficient and cost-effective zero-emission trucks. Improvements in range, charging infrastructure, and overall performance are accelerating the adoption of electric and hydrogen fuel cell trucks.
  • Economic Incentives and Cost Savings: Governments worldwide are offering financial incentives, tax credits, and subsidies to encourage the adoption of zero-emission trucks. As battery costs decrease and operational efficiencies increase, the total cost of ownership becomes more competitive with traditional vehicles, incentivizing fleet operators to invest in cleaner transportation options.
  • Urbanization and Last-Mile Delivery: The rapid growth of urban centres and the surge in e-commerce are driving the demand for efficient last-mile delivery solutions. Zero-emission trucks, with their silent operation and reduced environmental impact, offer significant opportunities for logistics companies in urban areas.
  • Infrastructure Development: The expansion of charging infrastructure and hydrogen refuelling stations is a crucial opportunity for market growth. Investment in a comprehensive and reliable network of charging points and refuelling stations is essential to support the widespread adoption of zero-emission trucks.
  • Collaboration and Partnerships: Collaborations between automakers, battery manufacturers, and technology companies can lead to faster innovations and the development of advanced zero-emission truck models. Partnerships between public and private sectors can also expedite the establishment of charging infrastructure and foster supportive policies, driving market growth and adoption.
  • Environmental Concerns and Regulations: Growing awareness of environmental issues and stringent government regulations to reduce carbon emissions drive the demand for zero-emission trucks. Businesses and fleet operators are increasingly transitioning to eco-friendly transportation solutions to meet sustainability goals and comply with emission standards.

Zero-Emission Trucks Market – Mergers and Acquisitions

The Zero-Emission Trucks Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Zero-Emission Trucks Market include:

  • Toyota and Isuzu Motors Partnership (2021): Embracing the potential of fuel cell-powered commercial vehicles, Toyota and Isuzu Motors joined forces in a strategic partnership. Together, they sought to leverage Toyota’s extensive experience in fuel cell technology and Isuzu’s expertise in commercial vehicles, striving to accelerate the deployment of zero-emission trucks in diverse industries.
  • Navistar International’s Acquisition of Thor Trucks (2018): In an effort to fortify its position in the electric truck market, Navistar International Corporation acquired Thor Trucks. This acquisition allowed Navistar to harness Thor Trucks’ expertise and technologies, expediting the development and introduction of advanced zero-emission commercial vehicles.
  • Rivian’s Acquisition of Rjadh Automotive Group (2019): Bolstering its ambition to offer a comprehensive electric vehicle portfolio, Rivian Automotive, Inc. acquired Rjadh Automotive Group. Through this acquisition, Rivian gained access to valuable technologies and a talented workforce, positioning itself for accelerated growth in the zero-emission truck market.
  • Tesla and DHL Partnership (2020): In 2020, Tesla, a leading electric vehicle manufacturer, and DHL, a global logistics company, entered into a partnership to integrate Tesla’s electric trucks into DHL’s delivery fleet. The collaboration aimed to test and implement zero-emission trucks in last-mile delivery operations, reducing carbon emissions and promoting sustainable logistics practices.
  • Nikola Corporation and Republic Services Collaboration (2021): In pursuit of greener waste management solutions, Nikola Corporation collaborated with Republic Services, a waste disposal and recycling company. The partnership focused on developing and testing zero-emission collection trucks powered by hydrogen fuel cells. The initiative aimed to revolutionize waste management and reduce emissions in the commercial trucking industry.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Zero-Emission Trucks Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Zero-Emission Trucks Market Electric Off-Highway Equipment Market Light Commercial Vehicle Market
CAGR 29.2% (Approx) CAGR 13.2% (Approx) CAGR 9.5% (Approx)
USD 58.3 Billion by 2032 USD 6.5 Billion by 2032 USD 17.6 Trillion by 2032

Zero-Emission Trucks Market – Significant Threats

The Zero-Emission Trucks Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Charging Infrastructure Challenges: The limited availability and scalability of charging infrastructure for electric zero-emission trucks can pose a significant threat to their widespread adoption. Inadequate charging infrastructure may hinder the operational flexibility and range capabilities of electric trucks, impacting their appeal to fleet operators and hindering market growth.
  • High Initial Costs: The higher upfront costs of zero-emission trucks, compared to conventional diesel-powered vehicles, can be perceived as a significant barrier by potential buyers. Cost considerations may discourage some businesses from investing in eco-friendly commercial vehicles, especially in regions without sufficient financial incentives or regulatory support.
  • Range and Payload Limitations: Electric zero-emission trucks often face range limitations due to current battery technology. Additionally, the integration of heavy batteries can impact the payload capacity, making them less suitable for certain heavy-duty applications. These limitations may restrict their usage in specific industries or long-haul operations, potentially limiting market penetration.
  • Competition with Fossil Fuel Trucks: Traditional diesel and gasoline-powered trucks remain the dominant choice in the commercial vehicle market. The continued competition from conventional trucks, coupled with fluctuating fuel prices, may challenge the growth of zero-emission trucks, especially in regions with less stringent emission regulations or limited incentives for sustainable transportation solutions.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 9.8 Billion
Projected Market Size in 2032 USD 58.3 Billion
Market Size in 2022 USD 4.5 Billion
CAGR Growth Rate 29.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Vehicle Type, Source, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Vehicle Type:

  • Electric Light-Duty Trucks: The trend of urbanization and increasing environmental awareness is driving the adoption of electric light-duty trucks in crowded cities. These trucks are favoured for last-mile deliveries and urban commuting, offering low operational costs and reduced noise pollution, making them ideal for sustainable mobility solutions.
  • Electric Medium-Duty Trucks: The rising demand for efficient and eco-friendly urban logistics has led to the growing popularity of electric medium-duty trucks. With their mid-range payload capacities, these trucks are finding applications in local deliveries, waste management, and municipal services, contributing to cleaner and greener urban environments.
  • Electric Heavy-Duty Trucks: The trend of decarbonizing the freight business is visible in the heavy-duty category. Electric heavy-duty vehicles for long-distance transportation are being developed and deployed, providing zero-emission alternatives to typical diesel trucks. The combination of extended driving ranges and advancements in fast-charging infrastructure is fuelling their adoption in long-distance logistics, creating a more sustainable future for freight transportation.

Global Zero-Emission Trucks Market 2023–2032 (By Billion)

www.custommarketinsight.com

By Source

  • Battery Electric Trucks (BEVs): BEVs are zero-emission trucks powered solely by electric batteries, eliminating tailpipe emissions. They store electrical energy in batteries, providing a clean and eco-friendly transportation solution. Trends include advancements in battery technology, increased range capabilities, and expanding charging infrastructure, driving the growing adoption of BEVs in various commercial applications.
  • Hydrogen Fuel Cell Electric Trucks (FCEVs): FCEVs use hydrogen fuel cells to generate electricity and power electric motors, emitting only water vapor. They offer a longer range and faster refuelling compared to BEVs. Trends include advancements in fuel cell technology, increased hydrogen refuelling infrastructure, and partnerships to promote FCEVs as a viable zero-emission trucking option.
  • Hybrid Electric Trucks (HEVs): HEVs combine internal combustion engines with electric propulsion systems, reducing emissions and enhancing fuel efficiency. While not fully zero-emission, they help reduce greenhouse gas emissions. Trends include improvements in hybrid technology, hybridization of heavy-duty trucks, and adoption as a transitional solution towards full zero-emission trucks in the market.

By Application

  • Last-Mile Delivery: Zero-emission trucks play a crucial role in the last-mile delivery segment, enabling eco-friendly and silent transportation of goods in urban areas. Increasing urbanization and e-commerce growth drive the demand for efficient and sustainable delivery solutions, promoting the adoption of electric and hydrogen fuel cell trucks.
  • Logistics and Transportation: Zero-emission trucks provide a clean and economical option for transporting goods. The logistics and transportation industry is increasingly focused on minimizing carbon emissions and adhering to strict emission standards, driving the demand for environmentally friendly commercial vehicles.
  • Construction: Zero-emission trucks find applications in the construction industry for transporting materials and equipment within construction sites. As companies focus on sustainable construction practices, the demand for electric trucks in this sector is increasing, driven by environmental concerns and operational cost savings.
  • Waste Management: The waste management industry is adopting zero-emission trucks for refuse collection and disposal, aiming to reduce pollution in urban areas. The shift towards sustainable waste management practices and the implementation of stricter emission standards are key trends driving the adoption of eco-friendly trucks.
  • Municipal Services: Municipalities and local governments are increasingly investing in zero-emission trucks for various services, such as street cleaning, utility maintenance, and public transportation. The trend towards cleaner and quieter municipal services to enhance urban liveability is driving the adoption of electric and fuel-cell trucks in this segment.

Global Zero-Emission Trucks Market 2023–2032 (By Vehicle Type)

www.custommarketinsight.com

Zero-Emission Trucks Market – Regional Analysis

The Zero-Emission Trucks Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: The North American region is witnessing a rising commitment to sustainability and lowering greenhouse gas emissions in the transportation sector. This has led to a notable increase in the adoption of zero-emission trucks, particularly for last-mile delivery and municipal services. Government incentives and corporate sustainability initiatives are key drivers propelling market growth.
  • Europe: In Europe, there is a significant rise in demand for zero-emission trucks, fueled by stringent emission regulations and ambitious climate objectives. The region’s steadfast dedication to environmental sustainability has resulted in a notable uptake of eco-friendly commercial vehicles, driving the continuous expansion of the zero-emission trucks market. The region is rapidly expanding its charging infrastructure and witnessing an uptake of hydrogen fuel cell trucks in commercial applications. Daimler AG, Volvo Group, Scania, and MAN Truck & Bus dominate the European zero-emission trucks market with significant involvement in electric and fuel cell truck technologies.
  • Asia-Pacific: The Asia-Pacific region plays a pivotal role as a centre for electric vehicle innovation and production, leading to the widespread adoption of zero-emission trucks. Particularly, there is a significant emphasis on electric last-mile delivery vehicles, catering to the needs of fast-growing urban areas. Collaborations between automakers and technology firms are fostering advancements in battery and fuel cell technologies. Dominating market players in the Asia-Pacific zero-emission trucks market include TSMC (Taiwan Semiconductor Manufacturing Company), BYD, Hyundai Motor Group, and Toyota, leveraging their expertise to capture substantial market shares.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA is witnessing a gradual shift towards sustainable transportation solutions, driving the demand for zero-emission trucks. There is a growing interest in electric buses and commercial vehicles for public transportation and logistics applications in select cities. In the LAMEA region, some notable players include Foton Motor, Ashok Leyland, and Higer Bus Company. These companies are actively participating in the development and deployment of electric commercial vehicles in the region.

Global Zero-Emission Trucks Market 2023–2032 (By Source)

www.custommarketinsight.com

Competitive Landscape – Zero-Emission Trucks Market

The Zero-Emission Trucks Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Tesla Inc.
  • Daimler AG
  • Volvo Group
  • BYD Company Limited
  • Nikola Corporation
  • Navistar International Corporation
  • Fuso (Mitsubishi Fuso Truck and Bus Corporation)
  • Ford Motor Company
  • Rivian Automotive Inc.
  • Chanje Energy Inc
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, Eventbrite, a leading event management platform, partnered with Zoom, a popular video conferencing platform, to integrate their services and provide seamless virtual event experiences. This partnership enables event organizers to easily manage and host online events, expanding the reach and accessibility of virtual gatherings.

Several new players have entered the Zero-Emission Trucks Market with innovative approaches and developments. These new entrants leverage advanced technologies, such as virtual and augmented reality, to enhance attendee experiences and offer unique event solutions.

They also focus on sustainability, incorporating eco-friendly practices and promoting socially responsible events. However, the Zero-Emission Trucks Market is primarily dominated by key players with established market presence and extensive resources. These dominant players have a wide network, strong industry partnerships, and a proven track record of successful event management.

Their market dominance is reinforced by their ability to deliver comprehensive event solutions, attract top clients, and provide end-to-end event planning and execution services.

The Zero-Emission Trucks Market is segmented as follows:

By Vehicle Type

  • Electric Light-Duty Trucks
  • Electric Medium-Duty Trucks
  • Electric Heavy-Duty Trucks

By Source

  • Battery Electric Trucks (BEVs)
  • Hydrogen Fuel Cell Electric Trucks (FCEVs)
  • Hybrid Electric Trucks (HEVs)

By Application

  • Last-Mile Delivery
  • Logistics and Transportation
  • Construction
  • Waste Management
  • Municipal Services

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Zero-Emission Trucks Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Zero-Emission Trucks Market : snapshot
  • Chapter 3. Global Zero-Emission Trucks Market – Industry Analysis
    • 3.1 Zero-Emission Trucks Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Advancements in Technology
      • 3.2.2 Economic Incentives and Cost Savings
      • 3.2.3 Urbanization and Last-Mile Delivery
      • 3.2.4 Infrastructure Development
      • 3.2.5 Collaboration and Partnerships
      • 3.2.6 Environmental Concerns and Regulations.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Vehicle Type
      • 3.7.2 Market attractiveness analysis By Source
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Zero-Emission Trucks Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Zero-Emission Trucks Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Zero-Emission Trucks Market – Vehicle Type Analysis
    • 5.1 Global Zero-Emission Trucks Market overview: By Vehicle Type
      • 5.1.1 Global Zero-Emission Trucks Market share, By Vehicle Type, 2022 and 2032
    • 5.2 Electric Light-Duty Trucks
      • 5.2.1 Global Zero-Emission Trucks Market by Electric Light-Duty Trucks, 2023 – 2032 (USD Billion)
    • 5.3 Electric Medium-Duty Trucks
      • 5.3.1 Global Zero-Emission Trucks Market by Electric Medium-Duty Trucks, 2023 – 2032 (USD Billion)
    • 5.4 Electric Heavy-Duty Trucks
      • 5.4.1 Global Zero-Emission Trucks Market by Electric Heavy-Duty Trucks, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Zero-Emission Trucks Market – Source Analysis
    • 6.1 Global Zero-Emission Trucks Market overview: By Source
      • 6.1.1 Global Zero-Emission Trucks Market share, By Source, 2022 and 2032
    • 6.2 Battery Electric Trucks (BEVs)
      • 6.2.1 Global Zero-Emission Trucks Market by Battery Electric Trucks (BEVs), 2023 – 2032 (USD Billion)
    • 6.3 Hydrogen Fuel Cell Electric Trucks (FCEVs)
      • 6.3.1 Global Zero-Emission Trucks Market by Hydrogen Fuel Cell Electric Trucks (FCEVs), 2023 – 2032 (USD Billion)
    • 6.4 Hybrid Electric Trucks (HEVs)
      • 6.4.1 Global Zero-Emission Trucks Market by Hybrid Electric Trucks (HEVs), 2023 – 2032 (USD Billion)
  • Chapter 7. Global Zero-Emission Trucks Market – Application Analysis
    • 7.1 Global Zero-Emission Trucks Market overview: By Application
      • 7.1.1 Global Zero-Emission Trucks Market share, By Application , 2022 and 2032
    • 7.2 Last-Mile Delivery
      • 7.2.1 Global Zero-Emission Trucks Market by Last-Mile Delivery, 2023 – 2032 (USD Billion)
    • 7.3 Logistics and Transportation
      • 7.3.1 Global Zero-Emission Trucks Market by Logistics and Transportation, 2023 – 2032 (USD Billion)
    • 7.4 Construction
      • 7.4.1 Global Zero-Emission Trucks Market by Construction, 2023 – 2032 (USD Billion)
    • 7.5 Waste Management
      • 7.5.1 Global Zero-Emission Trucks Market by Waste Management, 2023 – 2032 (USD Billion)
    • 7.6 Municipal Services
      • 7.6.1 Global Zero-Emission Trucks Market by Municipal Services, 2023 – 2032 (USD Billion)
  • Chapter 8. Zero-Emission Trucks Market – Regional Analysis
    • 8.1 Global Zero-Emission Trucks Market Regional Overview
    • 8.2 Global Zero-Emission Trucks Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Zero-Emission Trucks Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Zero-Emission Trucks Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032
      • 8.4.1 North America Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Zero-Emission Trucks Market, by Source, 2023 – 2032
      • 8.5.1 North America Zero-Emission Trucks Market, by Source, 2023 – 2032 (USD Billion)
    • 8.6 North America Zero-Emission Trucks Market, by Application , 2023 – 2032
      • 8.6.1 North America Zero-Emission Trucks Market, by Application , 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Zero-Emission Trucks Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Zero-Emission Trucks Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032
      • 8.8.1 Europe Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Zero-Emission Trucks Market, by Source, 2023 – 2032
      • 8.9.1 Europe Zero-Emission Trucks Market, by Source, 2023 – 2032 (USD Billion)
    • 8.10 Europe Zero-Emission Trucks Market, by Application , 2023 – 2032
      • 8.10.1 Europe Zero-Emission Trucks Market, by Application , 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Zero-Emission Trucks Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Zero-Emission Trucks Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032
      • 8.12.1 Asia Pacific Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Zero-Emission Trucks Market, by Source, 2023 – 2032
      • 8.13.1 Asia Pacific Zero-Emission Trucks Market, by Source, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Zero-Emission Trucks Market, by Application , 2023 – 2032
      • 8.14.1 Asia Pacific Zero-Emission Trucks Market, by Application , 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Zero-Emission Trucks Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Zero-Emission Trucks Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032
      • 8.16.1 Latin America Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Zero-Emission Trucks Market, by Source, 2023 – 2032
      • 8.17.1 Latin America Zero-Emission Trucks Market, by Source, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Zero-Emission Trucks Market, by Application , 2023 – 2032
      • 8.18.1 Latin America Zero-Emission Trucks Market, by Application , 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Zero-Emission Trucks Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Zero-Emission Trucks Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Zero-Emission Trucks Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Zero-Emission Trucks Market, by Source, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Zero-Emission Trucks Market, by Source, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Zero-Emission Trucks Market, by Application , 2023 – 2032
      • 8.22.1 The Middle-East and Africa Zero-Emission Trucks Market, by Application , 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Tesla Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Daimler AG
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Volvo Group
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 BYD Company Limited
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Nikola Corporation
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Navistar International Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Fuso (Mitsubishi Fuso Truck and Bus Corporation)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Ford Motor Company
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Rivian Automotive Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Chanje Energy Inc
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Tesla Inc.
  • Daimler AG
  • Volvo Group
  • BYD Company Limited
  • Nikola Corporation
  • Navistar International Corporation
  • Fuso (Mitsubishi Fuso Truck and Bus Corporation)
  • Ford Motor Company
  • Rivian Automotive Inc.
  • Chanje Energy Inc
  • Others

FAQs

The key factors driving the Market are Advancements in Technology, Economic Incentives and Cost Savings, Urbanization and Last-Mile Delivery, Infrastructure Development, Collaboration and Partnerships And Environmental Concerns and Regulations.

The “Vehicle Type” category dominated the market in 2022.

The key players in the market are Tesla Inc., Daimler AG, Volvo Group, BYD Company Limited, Nikola Corporation, Navistar International Corporation, Fuso (Mitsubishi Fuso Truck and Bus Corporation), Ford Motor Company, Rivian Automotive Inc., Chanje Energy Inc, Others.

“North America” had the largest share in the Zero-Emission Trucks Market.

The global market is projected to grow at a CAGR of 29.2% during the forecast period, 2023-2032.

The Zero-Emission Trucks Market size was valued at USD 4.5 Billion in 2022.

PURCHASE OPTIONS

$

3490


$

4490


$

5490


$

1950


powerbi pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.

Want to customize this report?
100% FREE CUSTOMIZATION!