Hybrid Electric Truck (HET) Market Trends, Business Overview, Industry Growth and Forecast to 2028

The Hybrid Electric Truck (HET) market is projected to grow at a CAGR of 13.78% during the forecast period. A hybrid electric truck (HET) is a type of heavy vehicle that uses a combination of an internal combustion engine and one or more electric motors to power a vehicle. An electric motor is used to start the truck and provide power for acceleration, while the ICE powers the truck when more power is needed, such as at cruising speed or when going up a hill. Growing demand for fuel-efficient and low-emission vehicles are factors driving the market growth.

 

Key Players

 

• BYD
• Daimler
• Dongfeng Motor Group
• Hino Motors
• Isuzu Motors
• Navistar International
• PACCAR
• Renault Trucks
• Volkwagen
• Zenith Motors
• Alke
• Nikola

 

Market – Segmentation

By Type

• Below 80kWh
• 80-130kWh
• 130-165kWh
• Above 165kWh

 

By Application

• Fire Truck
• Van Truck
• Sprinkler Truck
• Clean Truck
• Other

 

Scope of the Report

 

The research study analyses the Global Hybrid Electric Truck (HET) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

 

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Key Questions Answered by Hybrid Electric Truck (HET) Market Report :

1. What was the Hybrid Electric Truck (HET) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Hybrid Electric Truck (HET) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Hybrid Electric Truck (HET) Market was the market leader in 2021s?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.