Electric Commercial Vehicle (ECV) Market 2024-2028
Incremental Growth2024-2028 (US$bn)
$ 364.4
2024 Year-over-Year Growth
27.82%
CAGR (2024-2028)
36.92%
Report Coverage
Global
Electric Commercial Vehicle (Ecv) Market Segmentation
Market Segmentation & Scope
Market Segment by Geographic Landscape
45%
of the growth will originate
from APAC
Global Market Size 2018 - 2028 (US$ Bn)
Market is segmented by Product into LCVs, Buses, Heavy and medium commercial vehicles
The LCVs is expected to be largest growing segment during 2024-2028
Largest Segment - Lcvs
US$ 174.90 Bn
Electric Commercial Vehicle (Ecv) Market by Product into LCVs; 2018-2028 (US$ Bn)
LCVs Market Revenue and Forecast 2018-2028 (US$ Bn)LCVs
- LCVs Market Size and Forecast 2018 to 2028 (US$ Bn)
Electric Commercial Vehicle (Ecv) Market by Product into Buses; 2018-2028 (US$ Bn)
Buses Market Revenue and Forecast 2018-2028 (US$ Bn)Buses
- Buses Market Size and Forecast 2018 to 2028 (US$ Bn)
Electric Commercial Vehicle (Ecv) Market by Product into Heavy and medium commercial vehicles; 2018-2028 (US$ Bn)
Heavy and medium commercial vehicles Market Revenue and Forecast 2018-2028 (US$ Bn)Heavy and medium commercial vehicles
- Heavy and medium commercial vehicles Market Size and Forecast 2018 to 2028 (US$ Bn)
Market is segmented by Type into Battery electric vehicle (BEV), Plug-in hybrid electric vehicle (PHEV), Fuel cell electric vehicle (FCEV)
The Battery electric vehicle (BEV) is expected to be largest growing segment during 2024-2028
Largest Segment - Battery electric vehicle (bev)
US$ 163.80 Bn
Electric Commercial Vehicle (Ecv) Market Size by Segmentation, by Type (US$ Bn)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Battery electric vehicle (BEV) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | |
| Plug-in hybrid electric vehicle (PHEV) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | |
| Fuel cell electric vehicle (FCEV) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Electric Commercial Vehicle (Ecv) Market by Type into Battery electric vehicle (BEV); 2018-2028 (US$ Bn)
Battery electric vehicle (BEV) Market Revenue and Forecast 2018-2028 (US$ Bn)Battery electric vehicle (BEV)
- Battery electric vehicle (BEV) Market Size and Forecast 2018 to 2028 (US$ Bn)
Electric Commercial Vehicle (Ecv) Market by Type into Plug-in hybrid electric vehicle (PHEV); 2018-2028 (US$ Bn)
Plug-in hybrid electric vehicle (PHEV) Market Revenue and Forecast 2018-2028 (US$ Bn)Plug-in hybrid electric vehicle (PHEV)
- Plug-in hybrid electric vehicle (PHEV) Market Size and Forecast 2018 to 2028 (US$ Bn)
Electric Commercial Vehicle (Ecv) Market by Type into Fuel cell electric vehicle (FCEV); 2018-2028 (US$ Bn)
Fuel cell electric vehicle (FCEV) Market Revenue and Forecast 2018-2028 (US$ Bn)Fuel cell electric vehicle (FCEV)
- Fuel cell electric vehicle (FCEV) Market Size and Forecast 2018 to 2028 (US$ Bn)
Market is segmented by Geography into APAC, North America, Europe, Middle East and Africa, South America
The APAC is estimated to contribute 45% to the growth of global market during the forecast period 2024-2028.
Largest Segment - APAC
45%
Regional share of different regions, including APAC, North America, Europe, Middle East and Africa
| Region | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APAC | 18.20 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| North America | XX | 11.60 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Europe | XX | XX | 11.60 | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Middle East and Africa | XX | XX | XX | 0.50 | 0.70 | XX | XX | XX | XX | XX | XX | XX |
| South America | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Electric Commercial Vehicle (Ecv) Market Size by Geography into APAC; 2018-2028 (US$ Bn)
APAC Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Country into China; 2018-2028 (US$ Bn)
China Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Geography into North America; 2018-2028 (US$ Bn)
North America Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Country into US; 2018-2028 (US$ Bn)
US Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Geography into Europe; 2018-2028 (US$ Bn)
Europe Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Country into Germany; 2018-2028 (US$ Bn)
Germany Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Country into UK; 2018-2028 (US$ Bn)
UK Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Country into France; 2018-2028 (US$ Bn)
France Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Bn)
Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Bn)Electric Commercial Vehicle (Ecv) Market Size by Geography into South America; 2018-2028 (US$ Bn)
South America Market Revenue and Forecast 2018-2028 (US$ Bn)Major Companies
Market Companies
| Name | Profile | Employees | Headquarters | Website | |
|---|---|---|---|---|---|
| AB Volvo | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Anhui Jianghuai Automobile Group Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| BYD Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Daimler Truck AG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Ford Motor Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| General Electric Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Hyundai Motor Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Mahindra and Mahindra Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| NFI Group Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Nissan Motor Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Olectra Greentech Ltd | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| PACCAR Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Proterra Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Renault SAS | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rivian Automotive LLC | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Tata Motors Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Tesla Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Toyota Motor Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Volkswagen AG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Xiamen King Long United Automotive Industry Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com |
Electric Commercial Vehicle (Ecv) Market Scope
- By Product
- Introduction / Key Findings
- Historical Market Size Value (US$ billion) Analysis By Product, 2018 to 2022
- Current and Future Market Size Value (US$ billion) Analysis and Forecast By Product, 2024 to 2028
- Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
- Absolute $ Opportunity Analysis By Product, 2024 to 2028
- By Type
- Introduction / Key Findings
- Historical Market Size Value (US$ billion) Analysis By Type, 2018 to 2022
- Current and Future Market Size Value (US$ billion) Analysis and Forecast By Type, 2024 to 2028
- Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
- Absolute $ Opportunity Analysis By Type, 2024 to 2028
- By Region
- Introduction / Key Findings
- Historical Market Size Value (US$ billion) Analysis By Region, 2018 to 2022
- Current and Future Market Size Value (US$ billion) Analysis and Forecast By Region, 2024 to 2028
- APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
- By Country
- By Product
- By Type
- North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
- By Country
- By Product
- By Type
- Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
- By Country
- By Product
- By Type
- Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
- By Product
- By Type
- South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
- By Product
- By Type
Major Companies
Market companies
| Name | Profile | Employees | Headquarters | Website | |
|---|---|---|---|---|---|
| AB Volvo | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Anhui Jianghuai Automobile Group Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| BYD Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Daimler Truck AG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Ford Motor Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| General Electric Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Hyundai Motor Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Mahindra and Mahindra Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| NFI Group Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Nissan Motor Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Olectra Greentech Ltd | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| PACCAR Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Proterra Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Renault SAS | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rivian Automotive LLC | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Tata Motors Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Tesla Inc. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Toyota Motor Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Volkswagen AG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Xiamen King Long United Automotive Industry Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com |
Subscribe to World-Class Market Intelligence
Basic Plan
Experience the best of reports & insights
