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Europe Electric Commercial Vehicle Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and LCV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above), By Country (France, Germany, United Kingdom, Norway, Netherlands, Italy, Spain, Sweden, Poland, and Belgium), Competition, Forecast and Opportunities, 2017-2027
Market Report I 2022-06-01 I 80 Pages I TechSci Research
Europe electric commercial vehicle market stood at USD6071.31 million in the year 2021, growing at a CAGR of 25.35% during the forecast years to achieve the market value of USD22,494.01 million by 2027F. Growing demand for electric vehicles is driving the growth of the Europe electric commercial vehicle market in the upcoming five years. Expanding automotive industry and growing advancements in the automotive sector further support the growth of the Europe electric commercial vehicle market in the next five years. Rapid adoption of electric vehicles in the commercial sector to facilitate transportation in the region also aids the market growth. The use and sales of commercial vehicles have multiplied rapidly in recent years. With the growing demand for freight movements, demand for commercial vehicles is also increasing. A higher number of commercial vehicles mean higher pollution caused due to exhausting toxic gases. Increasing concerns for environmental degradation and inclination towards safe energy are also facilitating the growth of the Europe electric commercial vehicle market in the future five years. Moreover, the inclination of the government to promote green energy, control the energy consumption in the region, along with growing technological advancements, are some of the other factors substantiating the growth of the Europe electric commercial vehicles market in the forecast years.
The Europe electric commercial vehicle market is segmented by propulsion type, vehicle type, range, competitive landscape and country-wise analysis. In terms of propulsion type, the market is segmented into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and fuel cell electric vehicles (FCEVs). Based on vehicle type, the market is further divided into bus, truck, and light commercial vehicle (LCV). By range, the market is segmented among vehicles with ranges of 0-150 Miles, 151-250 Miles, 251-500 Miles, and 500 Miles & above.
Hybrid electric vehicles (HEVs) are anticipated to hold the largest revenue shares in the market and may dominate the propulsion type market segment in the upcoming five years. The highest revenue generation may be accounted to increasing demands for hybrid electric vehicles. Complete and 100% shift to electric vehicles is still a struggle worldwide. In such cases, the use of hybrid vehicles has increased and may help with increasing its popularity further among the population.
Renault-Nissan-Mitsubishi Alliance, Peugeot S.A., Ford Motors Corporation, Toyota Motor Corporation, and Hyundai Kia Automotive Group are the five leading players operating in the Europe electric commercial vehicle market. Other companies include Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF), BYD Auto, Volvo AB, Man SE, etc. Apart from these flagship companies, many start-up companies are also increasing their footprint in the Europe electric commercial vehicle market by pushing their low-cost products blended with ease of availability.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the market size of Europe electric commercial vehicle market from 2017 to 2021.
- To estimate and forecast the market size of Europe electric commercial vehicle market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast Europe electric commercial vehicle market based on propulsion type, vehicle type, range, competitive landscape and country-wise analysis.
- To identify dominant country or segment in the Europe electric commercial vehicle market.
- To identify drivers and challenges for Europe electric commercial vehicle market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Europe electric commercial vehicle market.
- To identify and analyze the profile of leading players operating in Europe electric commercial vehicle market.
- To identify key sustainable strategies adopted by market players in Europe electric commercial vehicle market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across Europe region.
TechSci Research calculated the market size of Europe electric commercial vehicle market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Manufacturers, suppliers, distributors, and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to electric commercial vehicle
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Europe electric commercial vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Europe Electric Commercial Vehicle Market, By Propulsion Type:
o HEV
o BEV
o PHEV
o FCEV
- Europe Electric Commercial Vehicle Market, By Vehicle Type:
o LCV
o Bus
o Truck
- Europe Electric Commercial Vehicle Market, By Range:
o 0-150 Miles
o 151-250 Miles
o 251-500 Miles
o 501 Miles & Above
- Europe Electric Commercial Vehicle Market, By Country:
o France
o Germany
o United Kingdom
o Norway
o Netherlands
o Italy
o Spain
o Sweden
o Poland
o Belgium
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe electric commercial vehicle market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Definition
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Europe Electric Commercial Vehicle Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Brand Recall
5.3. Brand Satisfaction Level
6. Europe Electric Commercial Vehicle Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & By Volume
6.2. Market Share & Forecast
6.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
6.2.2. By Vehicle Type (Bus, Truck and LCV)
6.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
6.2.4. By Country (France, United Kingdom, Germany, Spain, Italy, Poland, Belgium, Netherlands, Sweden, Norway and Rest of Europe)
6.2.5. By Company (2021)
6.3. Market Map (By Vehicle Type)
7. France Electric Commercial Vehicle Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & By Volume
7.2. Market Share & Forecast
7.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
7.2.2. By Vehicle Type (Bus, Truck and LCV)
7.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
8. Germany Electric Commercial Vehicle Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & By Volume
8.2. Market Share & Forecast
8.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
8.2.2. By Vehicle Type (Bus, Truck and LCV)
8.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
9. United Kingdom Electric Commercial Vehicle Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & By Volume
9.2. Market Share & Forecast
9.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
9.2.2. By Vehicle Type (Bus, Truck and LCV)
9.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
10. Norway Electric Commercial Vehicle Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & By Volume
10.2. Market Share & Forecast
10.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
10.2.2. By Vehicle Type (Bus, Truck and LCV)
10.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
11. Netherlands Electric Commercial Vehicle Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & By Volume
11.2. Market Share & Forecast
11.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
11.2.2. By Vehicle Type (Bus, Truck and LCV)
11.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
12. Italy Electric Commercial Vehicle Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & By Volume
12.2. Market Share & Forecast
12.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
12.2.2. By Vehicle Type (Bus, Truck and LCV)
12.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
13. Spain Electric Commercial Vehicle Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & By Volume
13.2. Market Share & Forecast
13.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
13.2.2. By Vehicle Type (Bus, Truck and LCV)
13.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
14. Sweden Electric Commercial Vehicle Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & By Volume
14.2. Market Share & Forecast
14.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
14.2.2. By Vehicle Type (Bus, Truck and LCV)
14.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
15. Poland Electric Commercial Vehicle Market Outlook
15.1. Market Size & Forecast
15.1.1. By Value & By Volume
15.2. Market Share & Forecast
15.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
15.2.2. By Vehicle Type (Bus, Truck and LCV)
15.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
16. Belgium Electric Commercial Vehicle Market Outlook
16.1. Market Size & Forecast
16.1.1. By Value & By Volume
16.2. Market Share & Forecast
16.2.1. By Propulsion Type (BEV, HEV, PHEV and FCEV)
16.2.2. By Vehicle Type (Bus, Truck and LCV)
16.2.3. By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above)
17. Market Dynamics
17.1. Drivers
17.2. Challenges
18. Market Trends and Developments
19. Competitive Landscape
19.1. Renault-Nissan-Mitsubishi Alliance
19.2. Peugeot S.A.
19.3. Ford Motors Corporation
19.4. Toyota Motor Corporation
19.5. Hyundai Kia Automotive Group
19.6. Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF)
19.7. BYD Auto Co. Ltd.
19.8. AB Volvo
19.9. Man SE
19.10. Solaris Bus & Coach sp. z o.o.
20. Strategic Recommendations
Figure 1: Europe Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 2: Europe Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 3: Europe Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 4: Europe Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 5: Europe Electric Commercial Vehicle Market Share, By Country, By Volume 2017-2027F
Figure 6: Europe Electric Commercial Vehicle Market Share, By Company, By Volume, 2021
Figure 7: Europe Electric Commercial Vehicle Market Map, By Vehicle Type, Market Size (Units) & Growth Rate (%)
Figure 8: France Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 9: France Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 10: France Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 11: France Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 12: Germany Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 13: Germany Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 14: Germany Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 15: Germany Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 16: United Kingdom Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 17: United Kingdom Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 18: United Kingdom Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 19: United Kingdom Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 20: Norway Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 21: Norway Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 22: Norway Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 23: Norway Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 24: Netherlands Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 25: Netherlands Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 26: Netherlands Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 27: Netherlands Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 28: Italy Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 29: Italy Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 30: Italy Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 31: Italy Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 32: Spain Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 33: Spain Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 34: Spain Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 35: Spain Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 36: Sweden Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 37: Sweden Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 38: Sweden Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 39: Sweden Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 40: Poland Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 41: Poland Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 42: Poland Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 43: Poland Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
Figure 44: Belgium Electric Commercial Vehicle Market Size, By Value (USD Million), By Volume (Units), 2017-2027F
Figure 45: Belgium Electric Commercial Vehicle Market Share, By Propulsion Type, By Volume 2017-2027F
Figure 46: Belgium Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume 2017-2027F
Figure 47: Belgium Electric Commercial Vehicle Market Share, By Range, By Volume 2017-2027F
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