MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Europe Medium & Heavy Duty Electric Trucks Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Europe Medium & Heavy Duty Electric Trucks Market: 2023-2028
The Europe Medium & Heavy Duty Electric Trucks market is projected to grow at a CAGR of around 40% during the forecast period, i.e., 2023-28.
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Key Driver: Increasing Implementation of Stringent Norms for Emission Control
The sales of medium and heavy duty trucks vehicles have been growing steadily in Europe as more & more emission-related norms & regulations are being implemented by governments & the European Union in order to reduce the impact of global warming & greenhouse effect. In 2022, the European Union presented the new Euro 7 standards for ensuring cleaner vehicles on roads and improved air quality. These norms extremely focus on lowering harmful gasses like carbon monoxide, hydrocarbons, nitrogen oxides, etc.
In addition, various countries like Portugal, Finland, & Denmark, among others, have set their targets to phase-out conventional fuel-based trucks by 2040, which would result in a strong demand for electric trucks in the coming years. Hence, OEMs like Volvo, Renault, MAN, & Scania are increasing their production capacities in order to cater to the evolving consumer demands, thereby driving the Europe Medium & Heavy Duty Electric Trucks Market.
Europe Medium & Heavy Duty Electric Trucks Market Segmentation:
The Europe Medium & Heavy Duty Electric Trucks Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Battery Capacity
-50-250 KWH
-Above 250 KWH
By Battery Type
-Lithium-Nickle-Manganese-Cobalt Oxide
-Lithium-Iron-Phosphate
-Others (Lead-Acid Batteries, Ultracapacitors, etc.)
By Propulsion Type
-Battery Electric Truck (BET)
-Plug-in Hybrid Electric Truck (PHET)
-Fuel Cell Electric Truck (FCET)
By Level of Automation
-Level 1
-Level 2
-Level 3
-Level 4 & 5
By Range
-Up to 200 miles
-Above 200 miles
By Application
-Long Haul Transportation
-Field Services
-Distribution Services
-Others (Last Mile Delivery, Refuse Services, etc.).
Geographical Analysis into the Europe Medium & Heavy Duty Electric Trucks Market:
- Germany
- The UK
- France
- Italy
- Spain
- Rest of the Europe
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/europe-medium-heavy-duty-electric-trucks-market.html
Competitive Landscape and Europe Medium & Heavy Duty Electric Trucks Market Share Analysis:
The competitive landscape of the Europe Medium & Heavy Duty Electric Trucks Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Volvo Group, Renault Trucks, Scania AB, Daimler, MAN trucks, Tevva Motors Limited, Tesla Motors Inc. trucks, IVECO SpA, E-Force One AG, DAF Trucks NV, Others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Europe Medium & Heavy Duty Electric Trucks Market growth?
- How is the Europe Medium & Heavy Duty Electric Trucks Market expected to grow over the next five years?
- What are the key insights into the current trends in the Europe Medium & Heavy Duty Electric Trucks Market?
- What is the current size of the Europe Medium & Heavy Duty Electric Trucks Market, and how is it projected to change in the future?
- What is the future outlook for the Europe Medium & Heavy Duty Electric Trucks Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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