Medium and Heavy-Duty Electric Vehicle Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The medium and heavy-duty electric vehicle market segment is expected to grow from USD 274.31 billion in 2020 to USD 432.75 billion by 2025 at a CAGR of 7.89%.

Some of the key factors driving the market growth are industrial sector expansion in emerging markets, increasing demand in logistics industry, and increasing demand in construction sector (due to increased construction activity). The market is expected to witness growth in the coming years due to economic growth in both developing and developed countries.

By Tonnage

• 3.5 – 7.5 Tonnes
• 7.5 – 16 Tonnes
• Above 16 Tonnes

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuel Vehicles (PHEV, BEV, CNG, etc.)

By Propulsion

• IC Engine Vehicle
• Electric Vehicle

Major Players

• PACCAR Inc
• Daimler AG
• Volvo Group
• MAN SE
• Tata Motors Limited

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• 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 Medium and Heavy-Duty Electric Vehicle Market Report

• What was the Medium and Heavy-Duty Electric Vehicle Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Medium and Heavy-Duty Electric Vehicle Market during the forecast period (2022-2028)?
• 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).
• Which manufacturer/vendor/players in the Medium and Heavy-Duty Electric Vehicle Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.