Zero Emission Trucks Market Size To Grow USD 60.78 Billion by 2032

According to a recent research report titled “Zero Emission Trucks Market (By Vehicle Type: Electric Light-Duty Trucks, Electric Medium-Duty Trucks, Electric Heavy-Duty Trucks; By Source: Battery Electric Trucks (BEVs), Hydrogen Fuel Cell Electric Trucks, Hybrid Electric Trucks; By Application: Last Mile Delivery, Logistics and Transportation, Construction, Waste Management) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032″ published by Precedence Research, the global zero emission trucks market size is projected to touch around USD 60.78 billion by 2032 and growing at a CAGR of 29.50% over the forecast period 2023 to 2032. This comprehensive study examines various factors and their impact on the growth of the zero emission trucks market.

Key Takeaways

• North America is projected to hold a significant share in the market during the forecast period.
• Asia Pacific is expected to witness a significant expansion during the projected timeframe.
• By vehicle type, the electric light-duty trucks segment dominated the zero emission trucks market in 2022.
• By vehicle type, the electric medium-duty trucks segment is observed to expand at the fastest rate during the forecast period.
• By source, the battery electric trucks segment dominated the market in 2022.
• By source, the hybrid electric trucks segment is observed to witness the fastest expansion over the forecast period.
• By application, the logistics and transportation segment dominated the market in 2022.

The report primarily focuses on the volume and value of the zero emission trucks market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.

Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2017 to 2032, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.

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The research also highlights significant progressions in both organic and inorganic growth strategies within the global zero emission trucks market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the zero emission trucks market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.

Zero Emission Trucks Market Scope

Also read: Automotive Aftermarket Glass Market Size to Rise US$ 4.88 billion by 2032

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.

Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Market Key Players

The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the zero emission trucks market.

Recent Developments

• In December 2023, the Middle East’s first all-electric, zero-emission ready-mix truck was unveiled by CEMEX. The truck can carry a full load of concrete and is fully functional, according to the manufacturer. It has a 350kWh battery that is state-of-the-art and can run the device for an average workday on a single charge.  In order to find, test, learn from, and scale the long-term solutions required for hybrid and zero-emission vehicles to be widely available, CEMEX is working with manufacturers and partners.
• In September 2023, Alfa Laval and Scan Global Logistics announced the launch of their first electric scania truck as part of zero emissions partnership. The zero-emission truck is manufactured in close collaboration with Scania, which will operate a designated lane between Alfa Laval’s manufacturing sites in Sweden along with SGL in Denmark.

Zero Emission Trucks Market Companies

• Daimler
• Volvo
• PACCAR
• Faw Jiefang Group
• Man
• Scania
• Shaanxi Heavy Duty Automobile
• Isuzu Motors

Segments Covered in the Report

By Vehicle Type

• Electric Light-Duty Trucks
• Electric Medium-Duty Trucks
• Electric Heavy-Duty Trucks

By Source

• Battery Electric Trucks (BEVs)
• Hydrogen Fuel Cell Electric Trucks
• Hybrid Electric Trucks

By Application

• Last Mile Delivery
• Logistics and Transportation
• Construction
• Waste Management

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Table of Content:

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Zero Emission Trucks Market 

5.1. COVID-19 Landscape: Zero Emission Trucks Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Zero Emission Trucks Market, By Vehicle Type

8.1. Zero Emission Trucks Market Revenue and Volume, by Vehicle Type, 2023-2032

8.1.1 Electric Light-Duty Trucks

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Electric Medium-Duty Trucks

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Electric Heavy-Duty Trucks

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Zero Emission Trucks Market, By Source

9.1. Zero Emission Trucks Market Revenue and Volume, by Source, 2023-2032

9.1.1. Battery Electric Trucks (BEVs)

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Hydrogen Fuel Cell Electric Trucks

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Hybrid Electric Trucks

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Zero Emission Trucks Market, By Application 

10.1. Zero Emission Trucks Market Revenue and Volume, by Application, 2023-2032

10.1.1. Last Mile Delivery

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Logistics and Transportation

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Construction

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

10.1.4. Waste Management

10.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Zero Emission Trucks Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Vehicle Type (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Source (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

Chapter 12. Company Profiles

12.1. Daimler

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Volvo

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. PACCAR

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Faw Jiefang Group

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Man

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Scania

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Shaanxi Heavy Duty Automobile

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Isuzu Motors

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Why should you invest in this report?

This report presents a compelling investment opportunity for those interested in the global zero emission trucks market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for zero emission trucks. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.

Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.

Some of the key questions answered in this report:       

• What is the size of the overall Zero emission trucks market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities and challenges of the Zero emission trucks market and how they are expected to impact the market?
• What are the attractive investment opportunities within the Zero emission trucks market?
• What is the Zero emission trucks market size at the regional and country-level?
• Who are the key market players and their key competitors?
• What are the strategies for growth adopted by the key players in Zero emission trucks market?
• What are the recent trends in Zero emission trucks market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the Zero emission trucks market growth?
• What are the key market trends impacting the growth of Zero emission trucks market?

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