Electric Van Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR44714
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The electric van market share is expected to increase by 204.51 thousand units from 2021 to 2025, and the market’s growth momentum will decelerate at a CAGR of 27.49%.

This electric van market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (short and mid-range electric vans and long-range electric vans) and geography (APAC, Europe, North America, South America, and MEA). The electric van market report also offers information on several market vendors, including BYD Co. Ltd., Daimler AG, Ford Motor Co., Groupe PSA, Mahindra & Mahindra Ltd., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp., Volkswagen AG, and Workhorse Group Inc. among others.

What will the Electric Van Market Size be in 2021?

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Electric Van Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The development of charging infrastructure for EVs is notably driving the electric van market growth, although factors such as insufficient charging infrastructure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric van industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This electric van market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electric Van Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BYD Co. Ltd.
  • Daimler AG
  • Ford Motor Co.
  • Groupe PSA
  • Mahindra & Mahindra Ltd.
  • Nissan Motor Co. Ltd.
  • Renault SA
  • Toyota Motor Corp.
  • Volkswagen AG
  • Workhorse Group Inc.

 

This statistical study of the electric van market encompasses successful business strategies deployed by the key vendors. The electric van market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric van market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electric Van Market?

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49% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for electric vans in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and South American regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Electric Van Market?

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The electric van market share growth by the short and mid-range electric vans segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the electric van market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Van Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 27.49%

Market growth 2021-2025

204.51 th units

Market structure

Fragmented

YoY growth (%)

29.98

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Norway, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

BYD Co. Ltd., Daimler AG, Ford Motor Co., Groupe PSA, Mahindra & Mahindra Ltd., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp., Volkswagen AG, and Workhorse Group Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Electric Van Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric van market growth during the next five years
  • Precise estimation of the electric van market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric van industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric van market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Short and mid-range electric vans - Market size and forecast 2020-2025
    • Long-range electric vans - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • BYD Co. Ltd.
      • Daimler AG
      • Ford Motor Co.
      • Groupe PSA
      • Mahindra & Mahindra Ltd.
      • Nissan Motor Co. Ltd.
      • Renault SA
      • Toyota Motor Corp.
      • Volkswagen AG
      • Workhorse Group Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The electric van market growth will increase by $151.72 thousand units during 2019-2024.
      The electric van market is expected to grow at a CAGR of 24.99% during 2019-2024.
      Technavio has segmented the electric van market by product (Small and mid-range electric vans and Long-range electric vans) and geographic (APAC, Europe, North America, South America, and MEA).
      BYD Co. Ltd., Daimler AG, Ford Motor Co., Groupe PSA, Mahindra & Mahindra Ltd., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corporation, Volkswagen AG, Workhorse Group Inc. are a few of the key vendors in the electric van market.
      APAC will register the highest growth rate of 50.09% among the other regions. Therefore, the electric van market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • France
      • Germany
      • US
      • Japan
      The key factors driving the electric van market growth are:
      • Development of charging infrastructure for EVs
      • Presence of battery renting options for electric vans
      The electric van market vendors should focus on grabbing business opportunities from the small and mid-range electric vans segment as it accounted for the largest market share in the base year.
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