About Electric Van -
An electric vehicle, or EV, is a vehicle that operates on electricity. Automobiles that are powered entirely or partially by electricity are known as electric vehicles (EVs). Electric vehicles are less expensive to maintain since they have fewer moving parts, and they are also very environmentally friendly because they utilise little to no fossil fuels (petrol or diesel). By plugging into a charging station, electric vehicles acquire their power from the grid. They store electricity in rechargeable batteries, which are subsequently utilised to power an electric motor that turns the wheels. Electric vehicles accelerate more quickly than gasoline-powered automobiles because they seem lighter to drive.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Electric Van - market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea), Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India) and Tesla, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Volkswagen AG (Germany), Toyota Motor Company (Japan) and Mitsubishi Motors Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electric Van - market by Type (Battery Electric Vehicle, Plug-in Electric Vehicle and Hybrid Electric Vehicle) and Region.
On the basis of geography, the market of Electric Van - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle , the sub-segment i.e. Passenger Cars will boost the Electric Van - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Class, the sub-segment i.e. Economy will boost the Electric Van - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Electric Buses
Market Growth Drivers:
Increase in Demand for Fuel-Efficient
Challenges:
Fluctuations in Supply and Demand of Electric Van Share Due to Enforcement of Stringent Lockdown Measures
Restraints:
Manufacturing Cost is High
Opportunities:
Charging by Renewable Energy
Market Leaders and their expansionary development strategies
In December 2022, genral motors and DHL signes a contract with EV delivery van is used for last mile delivery worldwide, including the delivery more than 2000 electric delivery vans. The agreement will also permite potential acces to innivative products and the exploration of the ford pro digital and charging solution.
In 2021, Olectra Greentech announced that along with its sister company Evey Trans Pvt Ltd, it has won the bid for 100 electric buses. The consortium of both the companies has won the bid to supply 100 electric buses to a State Transport Corporation (STC) in the country under the Government of India’s FAME-II scheme, on OPEX model basis for 12 years. These 100 electric buses are going to be used for inter-city operations.
Key Target Audience
Electric Van Manufacturers, Electric Van Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.