GLOBAL ELECTRIC VAN MARKET
The Global Electric Van Market reported sales volume of ~XX Units, generating revenue of $XX Million in 2021 and the sales volume is projected to XX Units, worth $XX Million by 2030 with CAGR of 30 % in terms of volume and value
Europe is the largest contributor in terms of value, as more electric vans are expected to be launched by the OEMs during the forecast period.
The market for the electric vans is less than 10% of the overall van market, and the demand for the electric vans used for last-mile services is currently in high demand in Europe
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While China and Europe are showcasing the potential for electric vans, other regions like US, etc. will catch up, especially if the vehicle prices decrease.
LCVs in China are mainly based on mini trucks. Electrification of mini trucks is looked into by OEMs and the government mainly for Tier 1 and Tier 2 cities
ELECTRIC VAN MARKET DYNAMICS
The market for light commercial vehicles globally is estimated to grow at the rate of CAGR XX% and reach a worth of $XX billion by the end of the year 2027. This increase is attributed to the focus of governments across the globe to electrify the public means of transportation as well as increase the demand for vehicles with zero emission.
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The Asia-Pacific region is estimated to grow steadily with respect to high demand to incorporate electric buses and vans for public transportation. The key automakers and OEMs are developing more efficient and economical designs for commercial vehicles that fulfill the governmental regulations as well as the clean initiatives.
The increase in stringent emission regulations and norms in countries across the globe has incentivised OEMs to develop more technologies for e-mobility. Europe is leading the market in the adoption of commercial electric vehicles in accordance with the norms set up by the European Union.
COVID-19 IMPACT ON THE ELECTRIC VAN MARKET
The COVID-19 pandemic has caused many sectors in the industry to experience a decline in the manufacturing as well as sales activities; however, some sectors such as medical have flourished. The automotive sector has experienced a steady growth for some of the companies and sectors, the EV market has grown consistently with growing demand for such vehicles.
Although some of the companies in this ector have suffered from the pandemic due to the lockdown and restrictions put in place in regards to the pandemic protocol across the globe.
For instance, the VDL Groep reported a loss in revenue of around 32% in the H1 of the year 2020 in comparison to the H1 of 2019. The company AB Volvo has also closed most of its manufacturing units temporarily and laid off employees from those units. The company having its headquarters in Sweden has announced a lay-off scheme for approximately 20,000 workers.
COMPANIES PROFILED
- PSA Group
- Renault Automobile Company
- DaimlerAG
- London Electric vehicle Company
- Fiat Automobiles S.p.A.
- Ford Motor Company
- Arrival
- Toyota Motors
- BYD Company
- Dongfeng
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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Global Electric van market right now and how will it change in next 5-6 years?
- Average cost to set up a Global Electric van market in Europe,US and china?
- How many Global Electric van market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a and key Global Electric van market vendor selection criteria
- Where is the Global Electric van market manufactured? What is the average margin per equipment?
- Market share of Global Electric van market manufacturers and their upcoming products
- The most important planned Global Electric van market in next 2 years
- Details on network of major Global Electric van market and pricing plans
- Cost advantage for OEMs who manufacture Global Electric van market -house
- 5 key predictions for next 5 years in Global Electric van market
- Average B-2-B Global Electric van market price in all segments
- Latest trends in Global Electric van market by every market segment
- The market size (both volume and value) of Global Electric van market in 2022-2027 and every year in between?
- Global production breakup of Global Electric van market, by suppliers and their OEM relationship
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