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China Electric Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The China electric truck market is expected to exhibit a CAGR of 30.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

An electric truck is a heavy-duty commercial vehicle with an energy storage system, power converter, and propulsion motor and related controllers powered by rechargeable batteries. It comprises ambulances, containers, city or municipal buses, local delivery vans, utility terrain vehicles (UTVs), and dump, fire, food, garbage, forklift, light-duty cargo, mail, mining, pickup, and tow trucks. It does not emit greenhouse gases and pollute the environment with spilled fuel or toxic residues. In addition, it incurs lower operating and maintenance costs compared to internal combustion engines (ICEs). At present, there is a rise in the demand for electric trucks in China due to rising environmental concerns among the masses.

China Electric Truck Market Trends:

The growing development of sustainable transportation systems in China to reduce carbon dioxide (CO2) emissions and improve air quality in cities represents one of the key factors driving the market. Moreover, there is an increase in the number of electric vehicle (EV) manufacturing companies in the country. This, along with the rising development of charging infrastructure, is propelling the growth of the market. In addition, governing authorities are focusing on reducing dependence on oil imports. They are also giving tax exemptions on buying electric vehicles (EVs), which is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce enhanced electric trucks that are cost-effective. In line with this, they are focusing on innovative marketing strategies to expand their customer base in the country. Furthermore, the increasing employment of electric trucks to transport cargo or passengers in highly congested areas, such as crowded tourist areas, busy shipping ports, transit centers, warehouses, and hospitals, is expected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China electric truck market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, propulsion, range and application.

Breakup by Vehicle Type:

  • Light-duty Truck
  • Medium-duty Truck
  • Heavy-duty Truck
     

Breakup by Propulsion:

  • Battery Electric Truck
  • Hybrid Electric Truck
  • Plug-in Hybrid Electric Truck
  • Fuel Cell Electric Truck
     

Breakup by Range:

  • 0-150 Miles
  • 151-300 Miles
  • Above 300 Miles
     

Breakup by Application:

  • Logistics
  • Municipal
  • Construction
  • Mining
  • Others
     

Breakup by Region:

  • Guangdong
  • Jiangsu
  • Shandong
  • Zhejiang
  • Henan
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Vehicle Type, Propulsion, Range, Application, Region
Region Covered Guangdong, Jiangsu, Shandong, Zhejiang, Henan
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the China electric truck market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the China electric truck market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the propulsion?
  • What is the breakup of the market based on the range?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the China electric truck market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    China Electric Truck Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Light-duty Truck
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium-duty Truck
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Heavy-duty Truck
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Propulsion
    7.1    Battery Electric Truck
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hybrid Electric Truck
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Plug-in Hybrid Electric Truck
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Fuel Cell Electric Truck
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Range
    8.1    0-150 Miles
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    151-300 Miles
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Above 300 Miles
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Application
    9.1    Logistics
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Municipal
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Construction
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Mining
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    Guangdong
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Jiangsu
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Shandong
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Zhejiang
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Henan
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: China: Electric Truck Market: Major Drivers and Challenges
Figure 2: China: Electric Truck Market: Sales Value (in Million US$), 2016-2021 
Figure 3: China: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: China: Electric Truck Market: Breakup by Vehicle Type (in %), 2021
Figure 5: China: Electric Truck Market: Breakup by Propulsion (in %), 2021
Figure 6: China: Electric Truck Market: Breakup by Range (in %), 2021
Figure 7: China: Electric Truck Market: Breakup by Application (in %), 2021
Figure 8: China: Electric Truck Market: Breakup by Region (in %), 2021
Figure 9: China: Electric Truck (Light-duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: China: Electric Truck (Light-duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: China: Electric Truck (Medium-duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: China: Electric Truck (Medium-duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: China: Electric Truck (Heavy-duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: China: Electric Truck (Heavy-duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: China: Electric Truck (Battery Electric Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: China: Electric Truck (Battery Electric Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: China: Electric Truck (Hybrid Electric Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: China: Electric Truck (Hybrid Electric Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: China: Electric Truck (Plug-in Hybrid Electric Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: China: Electric Truck (Plug-in Hybrid Electric Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: China: Electric Truck (Fuel Cell Electric Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: China: Electric Truck (Fuel Cell Electric Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: China: Electric Truck (0-150 Miles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: China: Electric Truck (0-150 Miles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: China: Electric Truck (151-300 Miles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: China: Electric Truck (151-300 Miles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Electric Truck (Above 300 Miles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Electric Truck (Above 300 Miles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: Electric Truck (Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: Electric Truck (Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Electric Truck (Municipal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Electric Truck (Municipal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Electric Truck (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Electric Truck (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Electric Truck (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Electric Truck (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Electric Truck (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Electric Truck (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Guangdong: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Guangdong: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Jiangsu: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Jiangsu: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Shandong: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Shandong: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Zhejiang: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Zhejiang: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Henan: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Henan: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 49: Other Region: Electric Truck Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Other Region: Electric Truck Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Electric Truck Industry: SWOT Analysis
Figure 52: China: Electric Truck Industry: Value Chain Analysis
Figure 53: China: Electric Truck Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: China: Electric Truck Market: Key Industry Highlights, 2021 and 2027
Table 2: China: Electric Truck Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: China: Electric Truck Market Forecast: Breakup by Propulsion (in Million US$), 2022-2027
Table 4: China: Electric Truck Market Forecast: Breakup by Range (in Million US$), 2022-2027
Table 5: China: Electric Truck Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: China: Electric Truck Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: China: Electric Truck Market: Competitive Structure
Table 8: China: Electric Truck Market: Key Players 


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