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Asia Pacific Electric Trucks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Propulsion (BEV, PHEV, and FCV), Vehicle Type (LCV and Medium & HCV), Range (Less than 200 miles and More than 200 Miles), and Level of Automation (Semi-Autonomous and Fully Autonomous)
Market Report I 2022-09-14 I 134 Pages I The Insight Partners
The APAC electric trucks market is expected to grow from US$ 1,703.17 million in 2022 to US$ 7,862.83 million by 2028. It is estimated to grow at a CAGR of 29.0% from 2022 to 2028.
The accelerated technological development of next-generation electric vehicles and their supporting components and the evolution of charging technology providers have led to quick advancements in EV charging technology. The operations of electric vehicle charging stations are transforming due to the rising penetration of artificial intelligence (AI), the internet of things (IoT), and cloud computing, as major players in the EV charging market are beginning to shift their focus toward the development of smart testing protocols, which enables data connection between stations and EVs.
Many technology providers, including ABB, Delta Electronics, and Enel X, focus on next-generation electric vehicle (EV) testing technology to integrate cloud connectivity, AI, access via smartphone, and real-time simulation in their infrastructure.
Furthermore, the emergence of new software solutions, such as cloud-based digital solutions for actual-time fleet management and acceleration in electrification, are shaping the electric trucks market. For instance, the charging management software offered by EVBox enables users to track, manage, and optimize their EV driving experience. Hence to monitor this, AI-integrated efficient testing solutions will be in major demand over the forecast period.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the APAC electric trucks market at a significant CAGR during the forecast period.
APAC Electric Trucks Market Revenue and Forecast to 2028 (US$ Million)
APAC Electric Trucks Market Segmentation
The APAC electric trucks market is segmented on the basis of propulsion type, vehicle type, range, level of automation, and country.
Based on propulsion, the market is segmented into BEV, FCV, and PHEV. The BEV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on vehicle type, the market is bifurcated into LCVs and medium & HCVs. The LCV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on range, the market is segmented into less than 200 miles and more than 200 miles. The more than 200 miles segment has emerged as the dominating one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on level of automation, the market is segmented into semi-autonomous and fully autonomous. The fully autonomous segment has been dominant in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on country, the regional market is segmented into Australia, China, Japan, South Korea, and the Rest of APAC.
AB Volvo; BYD Company Ltd.; Daimler AG; FAW Group Co., Ltd; Navistar, Inc.; PACCAR Inc.; Proterra Inc.; Rivian; Scania; and Tesla, Inc. are leading companies in the APAC electric trucks market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Electric Trucks Market - By Propulsion
1.3.2 APAC Electric Trucks Market - By Vehicle Type
1.3.3 APAC Electric Trucks Market - By Range
1.3.4 APAC Electric Trucks Market - By Level of Automation
1.3.5 APAC Electric Trucks Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Electric Trucks Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Electric Trucks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Initiatives and Stringent Emission Rules to Boost the Electric Trucks Growth
5.1.2 Surge in Production and Sales of EVs
5.2 Market Restraints
5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV)
5.3 Market Opportunities
5.3.1 Manufacturing of Self-Driving Truck Technology
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. Electric Trucks Market - APAC Market Analysis
6.1 APAC Electric Trucks Market Overview
6.2 APAC Electric Trucks Market Forecast and Analysis
7. APAC Electric Trucks Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 APAC Electric Trucks Market, By Propulsion Type (2021 and 2028)
7.3 BEV
7.3.1 Overview
7.3.2 BEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
7.4 PHEV
7.4.1 Overview
7.4.2 PHEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
7.5 FCV
7.5.1 Overview
7.5.2 FCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
8. APAC Electric Trucks Market - By Vehicle Type
8.1 Overview
8.2 APAC Electric Trucks Market, By Vehicle Type (2021 and 2028)
8.3 LCV
8.3.1 Overview
8.3.2 LCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Medium and HCV
8.4.1 Overview
8.4.2 Medium and HCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
9. APAC Electric Trucks Market - By Range
9.1 Overview
9.2 APAC Electric Trucks Market, By Range (2021 and 2028)
9.3 Less than 200 miles
9.3.1 Overview
9.3.2 Less than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
9.4 More than 200 miles
9.4.1 Overview
9.4.2 More than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
10. APAC Electric Trucks Market - By Level of Automation
10.1 Overview
10.2 APAC Electric Trucks Market, By Level of Automation (2021 and 2028)
10.3 Semi-Autonomous
10.3.1 Overview
10.3.2 Semi-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Fully-Autonomous
10.4.1 Overview
10.4.2 Fully-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11. APAC Electric Trucks Market -Country Analysis
11.1 Overview
11.1.1 APAC: Electric Trucks Market, by Key Country
11.1.1.1 Australia: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Electric Trucks Market, By Propulsion Type
11.1.1.1.2 Australia: Electric Trucks Market, By Vehicle Type
11.1.1.1.3 Australia: Electric Trucks Market, By Range
11.1.1.1.4 Australia: Electric Trucks Market, By Level of Automation
11.1.1.2 China: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Electric Trucks Market, By Propulsion Type
11.1.1.2.2 China: Electric Trucks Market, By Vehicle Type
11.1.1.2.3 China: Electric Trucks Market, By Range
11.1.1.2.4 China: Electric Trucks Market, By Level of Automation
11.1.1.3 India: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Electric Trucks Market, By Propulsion Type
11.1.1.3.2 India: Electric Trucks Market, By Vehicle Type
11.1.1.3.3 India: Electric Trucks Market, By Range
11.1.1.3.4 India: Electric Trucks Market, By Level of Automation
11.1.1.4 Japan: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Electric Trucks Market, By Propulsion Type
11.1.1.4.2 Japan: Electric Trucks Market, By Vehicle Type
11.1.1.4.3 Japan: Electric Trucks Market, By Range
11.1.1.4.4 Japan: Electric Trucks Market, By Level of Automation
11.1.1.5 South Korea: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Electric Trucks Market, By Propulsion Type
11.1.1.5.2 South Korea: Electric Trucks Market, By Vehicle Type
11.1.1.5.3 South Korea: Electric Trucks Market, By Range
11.1.1.5.4 South Korea: Electric Trucks Market, By Level of Automation
11.1.1.6 Rest of APAC: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Electric Trucks Market, By Propulsion Type
11.1.1.6.2 Rest of APAC: Electric Trucks Market, By Vehicle Type
11.1.1.6.3 Rest of APAC: Electric Trucks Market, By Range
11.1.1.6.4 Rest of APAC: Electric Trucks Market, By Level of Automation
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Company Profile
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BYD Company Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Daimler AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FAW Group Co.,Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Navistar, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 PACCAR Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Proterra Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rivian
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Scania
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Tesla, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. APAC Electric Trucks Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. APAC: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 10. China: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 14. India: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 18. Japan: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of APAC: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 27. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Electric Trucks Market Segmentation
Figure 2. APAC Electric Trucks Market Segmentation - by Country
Figure 3. APAC Electric Trucks Market Overview
Figure 4. APAC Electric Trucks Market, By Vehicle Type
Figure 5. APAC Electric Trucks Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. Electric Trucks Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Electric Trucks Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Electric Trucks Market, Forecast and Analysis (US$ Million)
Figure 11. APAC Electric Trucks Market Revenue Share, By Propulsion Type (2021 and 2028)
Figure 12. APAC BEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC PHEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC FCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Electric Trucks Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 16. APAC LCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Medium and HCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Electric Trucks Market Revenue Share, By Range (2021 and 2028)
Figure 19. APAC Less than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC More than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Electric Trucks Market Revenue Share, By Level of Automation (2021 and 2028)
Figure 22. APAC Semi-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Fully-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Electric Trucks Market, By Key Country- Revenue 2020 (US$ Million)
Figure 25. APAC: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 26. Australia: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
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