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Electric Van Trends and Forecast
The future of the global electric van market looks promising with opportunities in the personal and commercial markets. The global electric van market is expected to reach an estimated $65.9 billion by 2030 with a CAGR of 21.2% from 2024 to 2030. The major drivers for this market are increased demand for energy-saving and emission-free mass transportation options, reduction in cost of electric vehicle batteries, as well as, improvements in monitoring systems and vehicle networking systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Van by Segment
The study includes a forecast for the global electric van by range, battery capacity, application, and region.
Electric Van Market by Range [Shipment Analysis by Value from 2018 to 2030]:
• Up To 100 Miles
• 100 To 200 Miles
• Above 200 Miles
Electric Van Market by Battery Capacity [Shipment Analysis by Value from 2018 to 2030]:
• Up To 50 Kwh
• Above 50 Kwh
Electric Van Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Personal
• Commercial
Electric Van Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Van Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric van companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric van companies profiled in this report include-
• Workhorse
• Stellantis
• Volkswagen
• Nissan Motor
• BYD
• Ford Motor
• Renault
• General Motors
• Mercedes-Benz
Electric Van Market Insights
Lucintel forecasts that above 50 kwh is expected to witness highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period because of substantial populations and rapid urbanization, China, Japan, and South Korea exhibit a heightened demand for last-mile delivery vehicles, as well as, existence of numerous manufacturers in the region.
Features of the Global Electric Van Market
Market Size Estimates: Electric van market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Power electronic market size by various segments, such as by range, battery capacity, application, and region in terms of ($B).
Regional Analysis: Electric van market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different range, battery capacity, application, and regions for the power electronic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric van market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electric van market size?
Answer: The global electric van market is expected to reach an estimated $65.9 billion by 2030.
Q.2 What is the growth forecast for electric van market?
Answer: The global power electronic market is expected to grow with a CAGR of 21.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the electric van market?
Answer: The major drivers for this market are increased demand for energy-saving and emission-free mass transportation options, reduction in cost of electric vehicle batteries, as well as, improvements in monitoring systems and vehicle networking systems.
Q4. What are the major segments for electric van market?
Answer: The future of the global electric van market looks promising with opportunities in the personal and commercial markets.
Q5. Who are the key Electric Van Market companies?
Answer: Some of the key electric van companies are as follows:
• Workhorse
• Stellantis
• Volkswagen
• Nissan Motor
• BYD
• Ford Motor
• Renault
• General Motors
• Mercedes-Benz
Q6. Which electric van market segment will be the largest in future?
Answer: Lucintel forecasts that above 50 kwh is expected to witness highest growth over the forecast period.
Q7. In electric van market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because of substantial populations and rapid urbanization, China, Japan, and South Korea exhibit a heightened demand for last-mile delivery vehicles, as well as, existence of numerous manufacturers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric van market by range (up to 100 miles, 100 to 200 miles, and above 200 miles), battery capacity (up to 50 kWh and above 50 kWh), application (personal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Van Market, Electric Van Market Size, Electric Van Market Growth, Electric Van Market Analysis, Electric Van Market Report, Electric Van Market Share, Electric Van Market Trends, Electric Van Market Forecast, Electric Van Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Van Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Van Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Van Market by Range
3.3.1: Up to 100 miles
3.3.2: 100 to 200 miles
3.3.3: Above 200 miles
3.4: Global Electric Van Market by Battery Capacity
3.4.1: Up to 50 kWh
3.4.2: Above 50 kWh
3.5: Global Electric Van Market by Application
3.5.1: Personal
3.5.2: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Van Market by Region
4.2: North American Electric Van Market
4.2.1: North American Electric Van Market by Battery Capacity: Up to 50 kWh and Above 50 kWh
4.2.2: North American Electric Van Market by Application: Personal and Commercial
4.3: European Electric Van Market
4.3.1: European Electric Van Market by Battery Capacity: Up to 50 kWh and Above 50 kWh
4.3.2: European Electric Van Market by Application: Personal and Commercial
4.4: APAC Electric Van Market
4.4.1: APAC Electric Van Market by Battery Capacity: Up to 50 kWh and Above 50 kWh
4.4.2: APAC Electric Van Market by Application: Personal and Commercial
4.5: ROW Electric Van Market
4.5.1: ROW Electric Van Market by Battery Capacity: Up to 50 kWh and Above 50 kWh
4.5.2: ROW Electric Van Market by Application: Personal and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Van Market by Range
6.1.2: Growth Opportunities for the Global Electric Van Market by Battery Capacity
6.1.3: Growth Opportunities for the Global Electric Van Market by Application
6.1.5: Growth Opportunities for the Global Electric Van Market by Region
6.2: Emerging Trends in the Global Electric Van Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Van Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Van Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Workhorse
7.2: Stellantis
7.3: Volkswagen
7.4: Nissan Motor
7.5: BYD
7.6: Ford Motor
7.7: Renault
7.8: General Motors
7.9: Mercedes-Benz
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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