The global electric truck market size is calculated at USD 1.60 billion in 2025 and is forecasted to reach around USD 18.63 billion by 2034, accelerating at a CAGR of 31.34% from 2025 to 2034. The Asia Pacific market size surpassed USD 560 million in 2024 and is expanding at a CAGR of 31.50% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
7.1. Electric Truck Market, by Propulsion
7.1.1. Battery Electric Truck
7.1.1.1. Market Revenue and Forecast
7.1.2. Hybrid Electric Truck
7.1.2.1. Market Revenue and Forecast
7.1.3. Plug-in Hybrid Electric Truck
7.1.3.1. Market Revenue and Forecast
7.1.4. Fuel Cell Electric Truck
7.1.4.1. Market Revenue and Forecast
8.1. Electric Truck Market, by Vehicle
8.1.1. Light Duty Electric Truck
8.1.1.1. Market Revenue and Forecast
8.1.2. Medium Duty Electric Truck
8.1.2.1. Market Revenue and Forecast
8.1.3. Heavy Duty Electric Truck
8.1.3.1. Market Revenue and Forecast
9.1. Electric Truck Market, by Range
9.1.1. Upto 150 Miles
9.1.1.1. Market Revenue and Forecast
9.1.2. 151-300 Miles
9.1.2.1. Market Revenue and Forecast
9.1.3. Above 300 Miles
9.1.3.1. Market Revenue and Forecast
10.1. Electric Truck Market, by Battery Capacity
10.1.1. Less Than 50kwh
10.1.1.1. Market Revenue and Forecast
10.1.2. 50-250 Kwh
10.1.2.1. Market Revenue and Forecast
10.1.3. Above 250 Kwh
10.1.3.1. Market Revenue and Forecast
11.1. Electric Truck Market, by End-use
11.1.1. Last Mile Delivery
11.1.1.1. Market Revenue and Forecast
11.1.2. Long Haul Transportation
11.1.2.1. Market Revenue and Forecast
11.1.3. Refuse Services
11.1.3.1. Market Revenue and Forecast
11.1.4. Distribution services
11.1.4.1. Market Revenue and Forecast
11.1.5. Field Services
11.1.5.1. Market Revenue and Forecast
12.1. Electric Truck Market, by Payload Capacity
12.1.1. Upto 10,000 lbs
12.1.1.1. Market Revenue and Forecast
12.1.2. 10,001-26,000 lbs
12.1.2.1. Market Revenue and Forecast
12.1.3. Above 26,001 lbs
12.1.3.1. Market Revenue and Forecast
13.1. Electric Truck Market, by Level of Automation
13.1.1. Semi-autonomous
13.1.1.1. Market Revenue and Forecast
13.1.2. Autonomous
13.1.2.1. Market Revenue and Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Propulsion
14.1.2. Market Revenue and Forecast, by Vehicle
14.1.3. Market Revenue and Forecast, by Range
14.1.4. Market Revenue and Forecast, by Battery Capacity
14.1.5. Market Revenue and Forecast, by End-use
14.1.6. Market Revenue and Forecast, by Level of Automation
14.1.7. Market Revenue and Forecast, by Payload Capacity
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Propulsion
14.1.8.2. Market Revenue and Forecast, by Vehicle
14.1.8.3. Market Revenue and Forecast, by Range
14.1.8.4. Market Revenue and Forecast, by Battery Capacity
14.1.8.5. Market Revenue and Forecast, by End-use
14.1.8.6. Market Revenue and Forecast, by Level of Automation
14.1.8.7. Market Revenue and Forecast, by Payload Capacity
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Propulsion
14.1.9.2. Market Revenue and Forecast, by Vehicle
14.1.9.3. Market Revenue and Forecast, by Range
14.1.9.4. Market Revenue and Forecast, by Battery Capacity
14.1.9.5. Market Revenue and Forecast, by End-use
14.1.9.6. Market Revenue and Forecast, by Level of Automation
14.1.9.7. Market Revenue and Forecast, by Payload Capacity
14.2. Europe
14.2.1. Market Revenue and Forecast, by Propulsion
14.2.2. Market Revenue and Forecast, by Vehicle
14.2.3. Market Revenue and Forecast, by Range
14.2.4. Market Revenue and Forecast, by Battery Capacity
14.2.5. Market Revenue and Forecast, by End-use
14.2.6. Market Revenue and Forecast, by Level of Automation
14.2.7. Market Revenue and Forecast, by Payload Capacity
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Propulsion
14.2.8.2. Market Revenue and Forecast, by Vehicle
14.2.8.3. Market Revenue and Forecast, by Range
14.2.8.4. Market Revenue and Forecast, by Battery Capacity
14.2.8.5. Market Revenue and Forecast, by End-use
14.2.8.6. Market Revenue and Forecast, by Level of Automation
14.2.8.7. Market Revenue and Forecast, by Payload Capacity
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Propulsion
14.2.9.2. Market Revenue and Forecast, by Vehicle
14.2.9.3. Market Revenue and Forecast, by Range
14.2.9.4. Market Revenue and Forecast, by Battery Capacity
14.2.9.5. Market Revenue and Forecast, by End-use
14.2.9.6. Market Revenue and Forecast, by Level of Automation
14.2.9.7. Market Revenue and Forecast, by Payload Capacity
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Propulsion
14.2.10.2. Market Revenue and Forecast, by Vehicle
14.2.10.3. Market Revenue and Forecast, by Range
14.2.10.4. Market Revenue and Forecast, by Battery Capacity
14.2.10.5. Market Revenue and Forecast, by End-use
14.2.10.6. Market Revenue and Forecast, by Level of Automation
14.2.10.7. Market Revenue and Forecast, by Payload Capacity
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Propulsion
14.2.11.2. Market Revenue and Forecast, by Vehicle
14.2.11.3. Market Revenue and Forecast, by Range
14.2.11.4. Market Revenue and Forecast, by Battery Capacity
14.2.11.5. Market Revenue and Forecast, by End-use
14.2.11.6. Market Revenue and Forecast, by Level of Automation
14.2.11.7. Market Revenue and Forecast, by Payload Capacity
14.3. APAC
14.3.1. Market Revenue and Forecast, by Propulsion
14.3.2. Market Revenue and Forecast, by Vehicle
14.3.3. Market Revenue and Forecast, by Range
14.3.4. Market Revenue and Forecast, by Battery Capacity
14.3.5. Market Revenue and Forecast, by End-use
14.3.6. Market Revenue and Forecast, by Level of Automation
14.3.7. Market Revenue and Forecast, by Payload Capacity
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Propulsion
14.3.8.2. Market Revenue and Forecast, by Vehicle
14.3.8.3. Market Revenue and Forecast, by Range
14.3.8.4. Market Revenue and Forecast, by Battery Capacity
14.3.8.5. Market Revenue and Forecast, by End-use
14.3.8.6. Market Revenue and Forecast, by Level of Automation
14.3.8.7. Market Revenue and Forecast, by Payload Capacity
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Propulsion
14.3.9.2. Market Revenue and Forecast, by Vehicle
14.3.9.3. Market Revenue and Forecast, by Range
14.3.9.4. Market Revenue and Forecast, by Battery Capacity
14.3.9.5. Market Revenue and Forecast, by End-use
14.3.9.6. Market Revenue and Forecast, by Level of Automation
14.3.9.7. Market Revenue and Forecast, by Payload Capacity
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Propulsion
14.3.10.2. Market Revenue and Forecast, by Vehicle
14.3.10.3. Market Revenue and Forecast, by Range
14.3.10.4. Market Revenue and Forecast, by Battery Capacity
14.3.10.5. Market Revenue and Forecast, by End-use
14.3.10.6. Market Revenue and Forecast, by Level of Automation
14.3.10.7. Market Revenue and Forecast, by Payload Capacity
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Propulsion
14.3.11.2. Market Revenue and Forecast, by Vehicle
14.3.11.3. Market Revenue and Forecast, by Range
14.3.11.4. Market Revenue and Forecast, by Battery Capacity
14.3.11.5. Market Revenue and Forecast, by End-use
14.3.11.6. Market Revenue and Forecast, by Level of Automation
14.3.11.7. Market Revenue and Forecast, by Payload Capacity
14.4. MEA
14.4.1. Market Revenue and Forecast, by Propulsion
14.4.2. Market Revenue and Forecast, by Vehicle
14.4.3. Market Revenue and Forecast, by Range
14.4.4. Market Revenue and Forecast, by Battery Capacity
14.4.5. Market Revenue and Forecast, by End-use
14.4.6. Market Revenue and Forecast, by Level of Automation
14.4.7. Market Revenue and Forecast, by Payload Capacity
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Propulsion
14.4.8.2. Market Revenue and Forecast, by Vehicle
14.4.8.3. Market Revenue and Forecast, by Range
14.4.8.4. Market Revenue and Forecast, by Battery Capacity
14.4.8.5. Market Revenue and Forecast, by End-use
14.4.8.6. Market Revenue and Forecast, by Level of Automation
14.4.8.7. Market Revenue and Forecast, by Payload Capacity
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Propulsion
14.4.9.2. Market Revenue and Forecast, by Vehicle
14.4.9.3. Market Revenue and Forecast, by Range
14.4.9.4. Market Revenue and Forecast, by Battery Capacity
14.4.9.5. Market Revenue and Forecast, by End-use
14.4.9.6. Market Revenue and Forecast, by Level of Automation
14.4.9.7. Market Revenue and Forecast, by Payload Capacity
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Propulsion
14.4.10.2. Market Revenue and Forecast, by Vehicle
14.4.10.3. Market Revenue and Forecast, by Range
14.4.10.4. Market Revenue and Forecast, by Battery Capacity
14.4.10.5. Market Revenue and Forecast, by End-use
14.4.10.6. Market Revenue and Forecast, by Level of Automation
14.4.10.7. Market Revenue and Forecast, by Payload Capacity
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Propulsion
14.4.11.2. Market Revenue and Forecast, by Vehicle
14.4.11.3. Market Revenue and Forecast, by Range
14.4.11.4. Market Revenue and Forecast, by Battery Capacity
14.4.11.5. Market Revenue and Forecast, by End-use
14.4.11.6. Market Revenue and Forecast, by Level of Automation
14.4.11.7. Market Revenue and Forecast, by Payload Capacity
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Propulsion
14.5.2. Market Revenue and Forecast, by Vehicle
14.5.3. Market Revenue and Forecast, by Range
14.5.4. Market Revenue and Forecast, by Battery Capacity
14.5.5. Market Revenue and Forecast, by End-use
14.5.6. Market Revenue and Forecast, by Level of Automation
14.5.7. Market Revenue and Forecast, by Payload Capacity
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Propulsion
14.5.8.2. Market Revenue and Forecast, by Vehicle
14.5.8.3. Market Revenue and Forecast, by Range
14.5.8.4. Market Revenue and Forecast, by Battery Capacity
14.5.8.5. Market Revenue and Forecast, by End-use
14.5.8.6. Market Revenue and Forecast, by Level of Automation
14.5.8.7. Market Revenue and Forecast, by Payload Capacity
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Propulsion
14.5.9.2. Market Revenue and Forecast, by Vehicle
14.5.9.3. Market Revenue and Forecast, by Range
14.5.9.4. Market Revenue and Forecast, by Battery Capacity
14.5.9.5. Market Revenue and Forecast, by End-use
14.5.9.6. Market Revenue and Forecast, by Level of Automation
14.5.9.7. Market Revenue and Forecast, by Payload Capacity
15.1. AB Volvo
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Workhorse
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. BYD Company Ltd.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Tata Motors
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Daimler AG
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Scania
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Dongfeng Motor Company
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Paccar Inc.
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Geely Automobiles Holdings Ltd.
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Man SE
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
17.1. About Us
17.2. Glossary of Terms
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