#hino motors ltd

[janjanenrico]

Arayat Express

Coach Builder: Hino Motors, Ltd. (Japan) Model: Hino Melpha Midi Bus

CTTO: @wristwatchcollector-2024

[rajanreddy]

MENASA commercial vehicle industry expected to grow from USD 314.4 billion in 2023 to USD 647.0 billion by 2033 with a 7.5% CAGR

The MENASA commercial vehicle market value is forecast to increase from USD 314.4 billion in 2023 to USD 647.0 billion by 2033. Overall demand for commercial vehicles in the region is set to surge at a CAGR of 7.5% during the assessment period.

The bulk freight segment currently dominates the MENASA industry, and the trend is expected to continue through 2033. It will likely hold a volume share of 26.5% in 2023. On the other hand, the parcel and package delivery segment is set to witness a higher CAGR of 12.1% through 2033.

Request our sample report on the MENASA commercial vehicle market for a deeper understanding of industry dynamics and emerging opportunities: https://www.futuremarketinsights.com/reports/sample/rep-gb-18743

Key factors driving the commercial vehicle industry's growth are urbanization, increasing industrial activity, low loan rates, and growing infrastructural development. Similarly, robust infrastructural development and the growing popularity of electric and hybrid commercial vehicles are expected to boost the target industry.

Commercial vehicle market demand, particularly for medium-duty trucks, has enormously increased across South Asia, the Middle East, and North Africa (MENA) regions. This increase is strongly related to the growing logistics industry, especially in Middle Eastern countries.

Commercial vehicles are widely used in several industries for transporting goods and passengers. Their superiority over alternative modes of transportation can be ascribed to their effectiveness and flexibility for a variety of regional pick-up and drop-off activities.

Developing nations like India are witnessing increasing industrial and construction activities. This, in turn, necessitates efficient transportation of materials and products, thereby creating demand for commercial vehicles.

Key companies are focusing on integrating novel technologies like ADAS in commercial vehicles. This is expected to benefit the target industry and boost revenue during the assessment period. Another key factor expected to boost the growth of the commercial vehicles industry is rising trade activities.

Key Takeaways  

The MENASA commercial vehicle revenue is projected to grow at 7.5% CAGR through 2033. By class type, medium duty segment is expected to total USD 301.0 million by 2033. By application, the bulk freight segment is set to hold a value share of 26.5% in 2023. India is expected to account for a significant share of about 31.4% in 2033. Demand for commercial vehicles in Turkiye is poised to grow at 9.7% CAGR through 2033.

Gain the Competitive Edge: Buy Our Market-Driven Insights Report: https://www.futuremarketinsights.com/checkout/18743

How technological improvement can evolve the market for automotive brake pads?

In order to make driving more convenient and safe, automotive manufacturers are actively attempting to improve brake pad technology as a result of technological advancements. Apart from the traditional brake pads, manufacturers have developed brake pads into anti-lock braking systems (ABS) and anti-collision items. Due to the rise of hybrid and electric vehicles, regenerative braking and anti-lock brakes (ABS) have recently dominated the brake pad market in the USA and Europe. In 2020, the market for electric car regenerative braking pads was valued at USD 3.5 billion. These technical improvements, such as regenerative braking and the introduction of a brake-by-wire system, have significant potential in developing countries, indicating a positive automotive brake pad market trend.

Competitive Landscape

Daimler AG (Mercedes-Benz Group AG), Volvo AB, Isuzu Motors Ltd., Scania AB, Paccar Inc., MAN SE, Hino Motors Ltd., Dongfeng Motor Corporation, Toyota Motor Corporation, Kenworth, Ford Motor Company, General Motor Company, Tata Motors, JAC Motors, Ashok Leyland, Iveco S.p.A., Peterbilt Motors Company, Mahindra & Mahindra, Sinotruk, Eicher Motors Limited & UD Trucks Corporation are the top manufacturers and suppliers of commercial vehicle listed in the report.

Key commercial vehicle companies are constantly upgrading their portfolios by launching new products. They also employ strategies like acquisitions, collaborations, partnerships, and facility expansions to strengthen their regional presence.

[emmansbusphotography]

Freshly Washed Hino RN

DLTBCo. 5126

Chassis Manufacturer: Hino Motors Ltd.

Chassis Model: Hino RN8J

Engine Manufacturer: Hino Motors Ltd.

Engine Model: Hino J08E-UB

Coachbuilder: Del Monte Motor Works Inc.

Coach Model: Del Monte DM16 S2

Engine location: Rear

Type of Service: Public Utility Bus

Type of Operation: Provincial Operation

Classification: Airconditioned Bus (AC)

Route:

Franchise Route: LRT Buendia (Pasay City) - Naga City (Camarines Sur)

Transmission: M/T

Speed: 6 forward, 1 reverse

Suspension Type:

Seating Configuration:

Seating Capacity:

Shot Location: DLTBCo. Terminal, Pan-Philippine Highway, Brgy. Turbina, Calamba City, Laguna

Date Taken: January 4, 2024

NOTE: Errors may be evident with this description. Corrections will be done once verified.

[delvenservices]

Electric Truck Market Size, Share, Global Trends & Future Scope

The Electric Truck Market has been segmented by Electric Propulsion type (Plug-in Hybrid, Fuel Cell Electric, and Battery Electric), by Application (Logistics, Municipal, Construction, Mining, and Other Applications), by Truck Type (Light-duty Truck, Medium-duty Truck, and Heavy-duty Truck), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

Delvens has estimated in global electric truck market research report forecasting to 2028, was valued at around USD 20 billion in 2020, and it is expected to reach USD 44 billion by 2026, and is anticipated to register a CAGR of 14.30 % during the forecast period (2021 - 2028).

The electric truck market covers the latest trends and technological developments in the electrical market, demand of the truck type, application type, and market share of major electric truck manufacturers across the world.

Increasing government initiatives for promotion of e-mobility and stringent emission norms imposed on fossil-fuel powered vehicles are some of the factors that have supported long-term expansion for Electric Truck Market. Also, It will present chances for OEMs to broaden their geographic reach and revenue stream in the market for electric commercial vehicles.

Also check report on Electric Bus Market

The market has been impacted by the outbreak of pandemic COVID-19, as the major economies of the went under lockdown and demand for commercial vehicles fell down drastically as only essential activities were permitted during the lockdown period.

To Understand Business Strategies, Request for a Sample Report at: https://www.delvens.com/get-free-sample/electric-truck-market-trends-forecast-till-2028

Regional Analysis

In this market growth analysis report we see, due to the increasing demand for electric vehicles for fleets of logistics transport, North America is expected to rise steadily.

European region accounts for the largest market share for the electric truck market in the forecasted period. The electric truck market in Europe is segmented into France, Germany, Netherlands, Norway, Sweden, and United Kingdom. Europe has stringent emission regulation standards. The governments of European region are providing huge incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased tremendously in the region.

Competitive Landscape

Key Players

Daimler AG

Dongfeng Motor Corporation

BYD Auto Co. Ltd

PACCAR Inc.

Tata Motors

Workhorse

Nikola Corporation

Ford Motor Company

Ashok Leyland

Isuzu Motors Ltd

Yinlong Energy Co, Ltd

Irizar Group

Triton

Bollinger Motors

Scania

To Grow Your Business Revenue, Make an Inquiry Before Buying at: https://www.delvens.com/Inquire-before-buying/electric-truck-market-trends-forecast-till-2028

Recent Developments

According to Toyota, Isuzu Motors Limited (Isuzu), Toyota Motor Corporation (Toyota), Hino Motors, Ltd. (Hino), and Commercial Japan Partnership Technologies Corporation (CJPT) announced they would jointly plan and develop light-duty fuel cell (FC) electric trucks for the mass-market. The joint initiative is expected to contribute to the realization of a hydrogen society, as well as carbon neutrality by expanding the options available for customer use and increasing the demand for hydrogen. The companies will also promote the introduction of FC electric trucks to the market along with their widespread use.

In March 2020, Kenworth has collaborated with Toyota Motor for developing 10 zero-emission Kenworth T680s. The vehicles will have range of over 300 miles under normal operating conditions.

In July 2019, Dongfeng Motor Corporation in Joint-Venture with Nissan launched an electric pickup truck called as “Dongfeng Rich 6 EV”. It is powered by a single electric motor with 160 hp and 420 Nm. Battery is 68 kWh.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Electric Truck Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Direct Purchase of Research Report at: https://www.delvens.com/checkout/electric-truck-market-trends-forecast-till-2028

Report Scope

Electric Truck Market is segmented into electric propulsion type, application, truck type and region.

On the basis of Electric Propulsion Type

Plug in hybrid

Fuel cell electric

Battery electric

On the basis of Application

Logistics

Municipal

Construction

Mining

On the basis of Truck Type

Light duty truck

Medium duty truck

Heavy duty truck

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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The Electric Truck Market report answers a number of crucial questions, including:

Which companies dominate the Electric Truck Market?

What current trends will influence the market over the next few years?

 What are the market's opportunities, obstacles, and driving forces?

What predictions for the future can help with strategic decision-making?

What advantages does market research offer businesses?

Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?

What is the anticipated growth rate for the market economy globally?

[gorepoonam]

Commercial Vehicle Market Size, Share, Trends, Forecasts Analysis

The "Commercial Vehicle Market Size" 2022 Research report presents an in-depth analysis of the Commercial Vehicle Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and 2029 forecast. Moreover, this research report categorizes the global Commercial Vehicle Market by companies, region, type and end-user industry.

Market growth refers to the increase in size of a market over time, usually measured in terms of the value of goods and services sold. Market growth can be driven by a number of factors, including population growth, economic growth, rising consumer spending, and technological innovations. Understanding market growth trends is important for businesses as it can help inform strategic decisions about product development, marketing, and expansion.

The global commercial vehicle market size was valued at USD 821.28 billion in 2021. The market is projected to grow from USD 955.57 billion in 2022 to USD 1,712.44 billion by 2029, exhibiting a CAGR of 8.7% during the forecast period.

Request Free Sample Copy of the Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104284

Market Growth Drivers:

The rapid population growth, the acceleration of urbanization, the expansion of the industrial sector, and the development of infrastructure are the primary reasons for the significant growth of global good transport vehicles. The development of the industrial sector, especially in developing economies, is generating a large number of job opportunities in various sectors such as construction, mining, and tourism.

Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the market size, capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.

The market growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Who are the Major Commercial Vehicle Market Vendors?

Daimler AG (Stuttgart, Germany)

PACCAR Inc. (Washington, U.S.)

Hino (Tokyo, Japan)

SCANIA (Södertälje, Sweden)

Tata Motors (Mumbai, India)

Navistar International Corp (Illinois, U.S.)

BYD Auto Co., Ltd. (Shenzhen, China)

AB Volvo (Gothenburg, Sweden)

Toyota Motor Corporation (Toyota, Aichi, Japan)

Proterra, Inc. (California, U.S.)

[researchvishal]

Hydrogen Buses Market Growth, Future Prospects And Competitive Analysis To 2033

The hydrogen buses market is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 8.45 Bn in 2023 to US$ 1426.68 Bn by 2033.

Growing Significance of Eco-friendly Mobility Presents Opportunities for Hydrogen Buses Operators

Companies operating in the hydrogen buses market are launching new models of hydrogen buses, keeping in mind their practicality and relevancy. Additionally, active measures to develop infrastructure for hydrogen fuel cell busare is projected to create favourable market conditions for the industry players in the near future. The increasing efforts to commercialize hydrogen fuel cell buses, especially in Europe, is expected to raise the operation of hydrogen buses.

The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem.

Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses. These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option.

The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years.

In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period.

For more information: https://www.futuremarketinsights.com/reports/hydrogen-buses-market

Key Takeaways from the Hydrogen Buses Industry 

German hydrogen buses market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy.

The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses.

In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses.

In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth.

The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses.

Following companies provide hydrogen buses in the market, as identified by FMI:

Tata Motors Limited

Thor Industries

Hyundai

Ballard Power Systems

NovaBus Corporation

New Flyer Industries Ltd

EvoBus

New Flyer

Hino Motors Ltd.

SunLine Transit Agency

Hydrogen Buses Industry Segmentation by Category

By Technology:

Proton Exchange Membrane Fuel Cells

Direct Methanol Fuel Cells

Phosphoric Acid Fuel Cells

Zinc-Air Fuel Cells

Solid Oxide Fuel Cells

By Power Output:

<150 kW

150–250 kW

>250 kW

By Transit Bus Models:

30-Foot Transit Buses

40-Foot Transit Buses

60-Foot Transit Buses

[lillianleung]

Hino W04D Piston in stock

[fortunebusiness]

Commercial Vehicle Market  Trends and Demand Analysis to 2027 | Future Scope, Price Structure, Industry Share and Forecast to 2027 by Fortune Business Insights™

Commercial Vehicle Market size is projected to reach USD 621.1 billion by the end of 2027. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Commercial Vehicle Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses & Coaches), By Power Source (Gasoline, Diesel, HEV / PHEV, Battery Electric Vehicle (BEV), Fuel Cell Vehicle) and Regional Forecast, 2020-2027” the market was worth USD 748.6 billion in 2019 and will exhibit a CAGR of 2.3% during the forecast period 2020-2027.

A commercial vehicle is used for transportation of goods or to carry passengers. Accounting to the rising daily commute rate and increasing long-distance transportation and trade activities, there is a massive demand for commercial type of vehicles across the world. The presence of several large scale companies in several countries across the world has resulted in healthy market competition. Thus, SMEs are finding it difficult to operate seamlessly. As large scale companies hold the privilege to acquire smaller companies as well as other large scale companies, SMEs look to implement newer strategies that will help them attract a wider consumer base. Although the market looks set to perform well in the long run, there surely are a few short term hurdles, mainly due to the pandemic.

 Decline in Product Sales to have a Severe Impact on Market Growth during the Covid-19 Pandemic

The recent coronavirus outbreak has had a negative impact on several businesses across the world. With unified efforts taken to curb the spread of the disease, businesses across the world have been compelled to shut down. The measures taken to minimize the impact of the disease will ultimately affect several manufacturing units, with strict measures forcing people to stay indoors. The commercial vehicle sector is among the few industries that have been hit the most among all industries during the Coovid-19 pandemic. With social distancing practices implemented across the world, commercial vehicle businesses have dramatically gone down and it will be a while until we may see newer variants at a similar pace to that in the past few years.

 Company Mergers are an Increasing Trend Among Major Companies in the Global Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, as well as collaborations, has made the highest impact on the growth of the market. Accounting to increasing market competition, it is observed that major companies are benefiting from collaborations and joint ventures. In July 2019, Daimler announced that it has entered into a strategic partnership with BMW for developing new technology for automatic parking as well as a driver assistance system on highways. This partnership will also help the companies to achieve a higher level of automation in urban centers. The increasing number of company mergers and acquisitions will have a massive impact on the growth of the global market in the coming years.

 North America to Emerge Dominant; Increasing Production of Commercial Vehicles will Bode well for Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in this region will have a direct impact on the growth of the regional market. The increasing adoption of these vehicles is attributable to the increasing application of the product across diverse industries. As of 2019, the market in North America was worth USD 332.9 billion and this value is projected to rise at a considerable pace in the coming years. The market in Asia Pacific will derive growth from the rising population and the use of commercial vehicles as a medium for the daily commute.

 List of the Leading Companies Profiled in the Global Commercial Vehicle Market are:

Daimler AG (Stuttgart, Germany)

PACCAR Inc. (Washington, United States)

Hino (Tokyo, Japan)

SCANIA (Södertälje, Sweden)

Tata Motors (Mumbai, India)

Navistar International Corp (Illinois, United States)

BYD Auto Co., Ltd. (Shenzhen, China)

AB Volvo (Gothenburg, Sweden)

Toyota Motor Corporation (Toyota, Aichi, Japan)

Proterra, Inc. (California, United States)

 Industry Developments:

April 2020: The Volvo Group and Daimler Truck AG announced that they have formed a new joint venture. This collaboration is aimed at the development and production of commercializing advanced fuel cell systems for heavy commercial vehicle applications.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/commercial-vehicle-market-104284

 About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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[marketresearch-reports]

Electric Truck Market: Future Challenges and Industry Growth Outlook 2020-2027

Electric Truck Market by Propulsion [Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel-Cell Electric Vehicle (FCEV), Vehicle Type (Light Truck, Medium-Duty Truck, and Heavy-Duty Truck), Application (Logistics, Municipal, Construction, Mining, and Others) : Global Opportunity Analysis and Industry Forecast 2020–2027.

The global electric truck market is experiencing a significant growth, and will grow considerably in next few years. Electric truck is an electric vehicle which is operated on electric power supply through batteries to provide cargos. From past hundred years, electric trucks have been used in niche application, but more recently, the arrival of lithium ion batteries helped to enable the travelling capacity of electric trucks to travel up to several hundred miles. Electric trucks are preferred in various industries and applications owing to its features including no local pollution and low running costs. However, electric trucks are heavier than the tradition diesel trucks.

The electric trucks requires recharging its battery after a travelling of particular distance owing to the less energy density of the lithium batteries used in this trucks which is responsible to cause delay and vehicle swapping. Innovations in the electric truck industry pave the way for improved and better transportation than other types of trucks, which have petrol and diesel engine.

Download Report Sample (PDF with Insights, Charts, Tables, Figures) @

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The global electric truck market is segmented into propulsion, vehicle type, application, and region. Based on propulsion, the market is further segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and    fuel-cell electric vehicle (FCEV). In terms of vehicle type, the market is sub-divided into light truck, medium-duty truck, and heavy-duty truck. Based on application, the market is bifurcated further into logistics, municipal,     construction, mining, and others. Geographically, the global market is divided across North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players of the electric truck industry analyzed in the research include Hino Motors, Dongfeng Motor Corporation, PACCAR Inc., Daimler (Mitsubishi Fuso), Navistar International Corporation, Isuzu, BYD Auto Co. Ltd, Renault Trucks, Zenith Motors, Smith Electric Vehicles, Tesla Inc.. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

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Top impacting factors:

Surge in demand for electric truck in the transport and construction sector due to its low running cost &l ow maintenance and the government incentives for the purchase of these vehicles are the factors that drive the global market. However, the high price of lithium batteries used in this truck may hinder the market growth. Contrarily, research and development (R&D) activities regarding battery technology along with partnerships with motor and battery technology providers to enhance energy density and improve battery life present new pathways in the industry. The global electric truck market trends are as follows:

Low operating and maintenance cost of an electric truck

The operating cost of trucks which operated with fuel such as diesel and petrol is high due to the rising price of the crude oil. In case of electric trucks, the operating cost is almost one-fourth of the fuel cost, and the mileage is also double in comparison with normal trucks. Moreover, there is no emission of gases that are harmful for the environment as these trucks are not operating on petrol and diesel.    In February 2020, Tata Motors has launched Ultra T.7 Electric - India's first intermediate commercial electric truck which can be fully charged in two hours with high speed DCfast charger.

Innovation in the electric truck industry

The electric trucks are the best substitute for the regular trucks as these trucks are operated without emission of harmful gases. However, these trucks are not capable of the long distance transportation. The capacity of the batteries used in this truck is not sufficient for the long distance transportation. The innovation in the battery technology toward improving energy density and increasing battery life coupled with the reduction in the battery price also act as an opportunity for the global electric truck market.

In March 2020, Tesla has launched batteries with cathodes made from lithium iron phosphate for its Model 3s. These new batteries will provide higher charge & discharge rates and longer life times than conventional lithium-ion cells. 

Key benefits of the report:

 This study presents the analytical depiction of the global electric truck industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric truck market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the global electric truck market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global electric truck market analysis based on competitive intensity and how the competition will take shape in coming years. 

Major  players analyzed include Hino Motors, Dongfeng Motor Corporation, PACCAR  Inc., Daimler (Mitsubishi Fuso), Navistar International Corporation, Isuzu,  BYD Auto Co. Ltd, Renault Trucks, Zenith Motors, Smith Electric Vehicles,  Tesla Inc..

 Questions answered in the electric truck Market research report:

What are the     leading market players active in the market?

What the     current trends will influence the electric truck market in the next few     years?

What are the     driving factors, restraints, and opportunities in the electric truck     market?

What are the     projections for the future that would help in taking further strategic     steps?

Browse Complete Report & TOC 

@  https://www.alliedmarketresearch.com/electric-truck-market-A06183

[industrytrends1]

Booming Urban Population Driving Commercial Electric Vehicle Demand

The World Bank estimates that nearly 35% of the Indian population and 87% of Brazil’s population resided in urban areas in 2020. The World Bank also states that 185,081,850 people and 481,980,330 people resided in urban areas in Brazil and India, respectively, in 2020. Thus, the high urbanization rate here will augment the production and adoption of commercial electric vehicles (EVs), owing to the increasing air pollution levels caused due to conventional commercial vehicles.

Moreover, the improving operational efficiency and declining cost of batteries will fuel the commercial electric vehicle market at a robust CAGR of 13.3% during 2018–2025. The market was valued at $144.5 billion in 2017, and it is projected to generate $362.7 billion revenue by 2025. As the battery accounts for a significant part of the commercial EV production cost, any plunge in the battery cost would enable automakers to cut down the selling price of such automobiles. The reducing battery cost can be credited to the rising technological advancements in and surging production of such energy storage devices in emerging economies, such as China.

Buses and trucks are the two types of commercial EVs being integrated into transportation systems across the world. AB Volvo, Bozankaya A.S., Dongfeng Motor Corp., Tata Motors Ltd., Bluebus SAS, Chariot Motors, Proterra Inc., Ashok Leyland Ltd., Caetanobus - Fabrico De Autocarros E Carrocarias S.A., BYD Co. Ltd., Alstom–NTL, and Alexander Dennis Ltd. are the leading electric bus manufacturers. Whereas, Cummins Inc., Scania AB, E-Force One AG, Workhorse Group Inc., Hino Motors Ltd., Nissan Motor Co. Ltd., and Isuzu Motors Ltd. are some of the prominent electric truck manufacturers.

These original equipment manufacturers (OEMs) deploy lithium–iron phosphate (LFP) or lithium–nickel–manganese–cobalt oxide (NMC) batteries in their electric buses and heavy-duty, medium-duty, and light-duty electric trucks. These batteries can have round, pouch, and prismatic cell formats. In the coming years, round cells will be deployed at the highest rate because they offer the highest energy density, of nearly 250 Watt-hours (Wh)/kg. Whereas, pouch cells exhibit an energy density of approximately 190 Wh/kg.

At present, companies operating in the commercial electric vehicle market are engaging in product launches, facility expansions, and mergers and acquisitions to expand their clientele. For example, in August 2018, LCK6120EVQG, a 12-meter electric bus model, was introduced by Zhongtong Bus Holding Co. Ltd. in China. The bus is equipped with state-of-the-art technologies and made of magnesium alloy materials and carbon fiber to reduce its overall weight by 26%. Similarly, in September 2018, Mercedes-Benz announced its plan to begin the practical trials for an all-electric heavy-duty truck, named eActros.

According to P&S Intelligence, Asia-Pacific (APAC) adopted the highest number of commercial EVs in the preceding years, and it is expected to adopt them at the highest rate in the forthcoming years too. This can be ascribed to the surging focus of the government of China on increasing the deployment of electric buses in the transportation system of the country. Additionally, the plunging costs and increasing production of advanced batteries in China facilitate the purchase of commercial EVs.

Thus, the surging urban population of developing countries and declining battery costs will augment the adoption of commercial EVs worldwide.

[cool-akashy-maximize]

Global Electric Truck Market Growth Strategies, Size, Product Type, End User, Competitive Analysis and Forecast by 2029

Global Electric Truck Market: size was valued at US$ 1.5 Bn. in 2020 and the total revenue is expected to grow at 28.1% CAGR through 2021 to 2027, reaching nearly US$ 8.49 Bn.

Global Electric Truck Market Overview:

The purpose of this research is to provide a detailed analysis of the Global Electric Truck Market by segment and geography. The report goes into great detail about the primary factors influencing the Global Electric Truck market's growth. The research also includes a comprehensive assessment of the market's value chain.

Global Electric Truck Market Dynamic:

Thanks to technological advancements and manufacturing of EV batteries on a large scale, the cost of EV batteries has been decreased over the past decade. This has led to a decrease in cost of the electric trucks as EV batteries are one of the most expensive parts of an electric truck. For example, an electric vehicle battery cost roughly USD 1,100 per kWh in 2010. According to Bloomberg, their price would have dropped to roughly USD 137 per kWh by 2020, while the price in China is as low as USD 100 per kWh. This is due to lower battery manufacturing costs, lower cathode material prices, and higher production volumes, among other factors. According to a study on Research Gate, trucks will be priced similarly to traditional ICE trucks. Along with the growing demand for low-emission transportation, electric trucks will become more popular in the future decade.

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Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Global Electric Truck Market Segmentation:

Based on type, based on equipment the Electric Truck market is segmented into Battery Electric Trucks and Hybrid Trucks. The battery electric trucks segment accounted for the major revenue share of 84.76 % in 2019 & is expected to keep its dominance during the forecast period. The segment is projected to increase at high CAGR during the forecast period, thanks to the increasing life & energy density of batteries & a drop in battery values. Moreover, growing government regulations to command zero-emission vehicles will also support segment development. For example, the European Union has passed enactment to decrease emissions by at least 40 % by 2030. The EU has also fixed a goal to decrease emissions by almost 60 % by 2040.

Global Electric Truck Market Key Players:

• AB Volvo • BYD Auto Co. Ltd • Daimler AG • Dongfeng Motor Corporation • FAW Group Co., Ltd. • Foton Motor Inc. • Isuzu Motors Ltd • Navistar, Inc. • PACCAR Inc. • Scania • Tevva Motors Limited • Tesla • Rivian • Ford • GM • Workhorse • Atlis • Lordstown • Bollinger • Volkswagen AG • Hino Motors Ltd. • Chanje Energy Inc. • Orange EV • Mitsubishi Fuso Truck & Bus Corp. • Nikola Motor Co. • Fiat Chrysler Automobiles N.V.

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the Global Electric Truck market report are

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Global Electric Truck Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Global Electric Truck market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Global Electric Truck industry's firms and associations.

Key Questions Answered in the Global Electric Truck Market Report are:

Which segment grabbed the largest share in the Global Electric Truck market?

What was the competitive scenario of the Global Electric Truck market in 2021?

Which are the key factors responsible for the Global Electric Truck market growth?

Which region held the maximum share in the Global Electric Truck market in 2021?

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Do you know dongwokuteng, the first joint venture heavy truck in China?

Do you know dongwokuteng, the first joint venture heavy truck in China?

It has been 66 years since the development of commercial vehicles in our country. In the long history of the development of China's truck industry, some models have become classics, and some howo brands have finally disappeared from people's vision because of various factors.

Some time ago, Xiaobian introduced several representative "disappeared" Sino foreign cooperative trucks to you, including sinotruk Hino, youngman and JAC Hyundai. Please stamp the original text: "how many do you know about these disappearing" Sino foreign cooperation "trucks?". The history of these trucks made many card users recall the "old days" and triggered discussions among many card users.

Just a few days ago, Xiaobian met two "now very rare models" in a service area when he was out shooting. To tell the truth, Xiaobian thought it was two models of niche brands at first, but after searching the data, he found that the two trucks parked in the service area were Kuteng models from Dongwo UD brand, which were officially launched in 2013.

Many young card users may be unfamiliar with Dongwo brand. Today, let's review the history and models of Dongwo brand!

According to the data, Dongwo can be traced back to Nissan Diesel in 1935. In May1996, Dongfeng Motor Corporation and Japan Nissan Diesel Automobile Industry Co., Ltd. officially established Dongfeng Nissan Diesel Automobile Co., Ltd. in Hangzhou, Zhejiang Province.

It is worth mentioning that Dongfeng Nissan Diesel Automobile Co., Ltd. is the first joint venture approved by the state to produce heavy trucks and large luxury bus chassis. Dongfeng Automobile Co., Ltd. holds 50% of the shares through its subordinate Dongfeng Automobile Group Co., Ltd. and Nissan Diesel Automobile Industry Co., Ltd.

In 2007, Volvo Group, the world's second largest manufacturer of heavy trucks and large buses, wholly purchased Nissan Diesel. Volvo Group carried out heavy truck business in China through Dongfeng Nissan Diesel Automobile Co., Ltd., which was later often referred to as Dongwo, equivalent to 50% shares of Volvo and Dongfeng respectively.

According to the official news at that time, since joining the Volvo family, UD truck has become an important part of the global strategic layout of Volvo truck. Under the new mission of developing a cost-effective heavy truck platform to meet the needs of rapidly developing emerging markets. Quester is also launched in this context.

It is understood that UD Kuteng truck will be produced by Thailand, China and India. Its target market is mainly for developing countries such as the Asia Pacific region and Latin America. At the end of 2013, the new product UD Kuteng of Dongwo (Hangzhou) truck company was officially listed in Hangzhou.

According to the official news released at that time, UD Kuteng is a heavy truck series model of Dongwo (Hangzhou) truck company, that is, the former Dongfeng Nissan Diesel factory. At the same time, UD Kuteng is also the first heavy truck product after the cooperation between Dongfeng Motor Group Co., Ltd. and Volvo Group. The manufacturing standard of Dongwo UD Kuteng will be in line with that of European heavy trucks.

At that time, UD Kuteng was a medium and high-end heavy truck specially customized for the Chinese market by the strong cooperation of Dongfeng Motor Group Co., Ltd. and Volvo Group. From development to final production, the products borrowed the global resources of Volvo Group, including design, procurement, manufacturing and many other links.

It is understood that, as a replacement model of UD Quon (Dongfeng Nissan chaiyoudishi), UD Kuteng is positioned between domestic trucks and imported European brands in the domestic market, with a sales range of 400000-500000.

According to Xiaobian's chat with the owner, the vehicle's engine is a UD gh1b in-line 6-cylinder engine from Volvo Group, with a displacement of 11 liters. There are three horsepower segments, 371 horsepower, 390 horsepower and 420 horsepower. The maximum torque of the three engines are 1700 nm, 1800 nm and 2000 nm respectively.

The production of this engine was completed in Japan, and Volvo's technology was also borrowed. For example, its fuel system adopts pump nozzle structure, and the maximum injection pressure reaches 2000bar; In addition, it is equipped with EEB engine braking technology, which includes EPG (exhaust braking) and VCB (valve controlled braking). The maximum braking power can reach 92% of the maximum engine power, which can effectively reduce the number of service braking and prolong the service life of the braking system.

The gear box is a product of domestic mature brand fast. According to different models, it can be equipped with 9-gear and 12 gear transmission to meet the needs of different working conditions. It is understood that the transmission cooling device on UD Kuteng adopts the circulating water cooling technology to effectively improve the lubrication conditions, prolong the service life and meet the needs of long-distance and high load operation of vehicles.

The rear axle has two types: single-stage reduction axle and wheel side reduction axle, which can be selected according to different working conditions. It is also worth mentioning that the rear axle housing is produced domestically, but the core parts are imported from Japan. Moreover, UD Kuteng is also equipped with Volvo's unique t-ride rear suspension structure technology to improve the adaptability and reliability of the vehicle.

UD Kuteng has a very rich product series, including 4x2, 6x2, 6x4 and 8x4 chassis and tractors. Kuteng can provide high top double sleeper and flat top single sleeper cabs according to different working conditions. According to different industry needs, it can be used in long-distance logistics distribution, dangerous goods transportation, construction engineering and special vehicles.

Moreover, UD Kuteng is also equipped with a quite advanced fuel saving guidance system. The system will give the recommended operation of the system on the instrument panel according to various signals of the body, such as increasing the engine speed, accelerator pedal, shift timing and other operation tips, so as to make the engine operate in the best state.

Although UD Kuteng has a good appearance design and solid chassis components, coupled with the imported power system and the mainstream fast gearbox of domestic cars, it can be said that the inborn conditions of this car are very excellent. However, due to the high price of 400000-500000 yuan, limited space, imperfect after-sales service and spare parts and other factors, Kuteng's domestic market performance is indeed unsatisfactory.

In 2016, Dongfeng Corporation (Hong Kong) International Co., Ltd. officially purchased 50% of the shares of Volvo holding Dongwo, and the Dongwo brand was all controlled by Dongfeng; In june2017, Dongwo officially changed its name to "Dongfeng nengdi (Hangzhou) Automobile Co., Ltd." and gave up the road vehicle business to manufacture special vehicles. The "Dongwo era" officially came to an end.

● postscript

Although Dongwo UD Kuteng has gradually disappeared in the domestic commercial vehicle market, it is not difficult to see from the aftertaste that with the endorsement of mature and huge foreign-funded enterprises, the joint venture brand has its advantages in terms of capital and technology. How to better create a heavy truck suitable for the Chinese market, we need to go down to the card friends and dig out the real user needs, so as to stand firm in today's commercial vehicle market, Achieve brand take-off

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Global MENA Commercial Vehicles (Trucks) Market Industry Overview and Competitive Landscape till 2027

According to ESOMAR-certified Future Market Insights’ (FMI) - Between 2022 and 2027, the volume of the MENA commercial vehicles (trucks) Market Size is expected to increase at a 3.4% CAGR. By the end of 2022, commercial vehicle (truck) sales in MENA will total US$ 6.57 million.

MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as:

Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2017 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles. On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2017 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.

The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2017 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.

The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

Light Duty

Unto 2.5 T

2.5 T – 4.5 T

4.5 T – 6.5 T

Medium Duty

6.5 T – 7.5 T

7.5 T – 9 T

9 T – 12 T

Heavy Duty

2 T – 15 T

15 T & Above

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