Electric Van Market, By Propulsion Type, By Vehicle Type, By Speed, By Geography

Description

Global electric van market is estimated to be valued at USD 30.21 Bn in 2024 and is expected to reach USD 52.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 30.21 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	8.30%	2031 Value Projection:	US$ 52.65 Bn

Figure. Electric Van Market Share (%), By Region 2024

Global electric van market has been witnessing significant growth in recent years owing to the rising demand for eco-friendly and emission-free transportation solutions. Electric vans offer several benefits over their conventional diesel or petrol counterparts including lower operating and maintenance costs, zero tailpipe emissions, and incentives & subsidies in many countries for purchasing electric commercial vehicles. Many large fleet operators and last mile delivery companies are gradually transitioning to electric vans as they aim to reduce carbon footprint and improve sustainability of their operations. Advancements in battery technology are also helping electric vans achieve greater driving ranges on a single charge. With tightening emission norms, high fuel prices, and supportive government policies, the electric van market is expected to grow substantially in the coming years.

Market Dynamics:

Global electric van market is driven by various factors such as rising environmental concerns, stringent emission regulations, lower total cost of ownership of electric vans compared to diesel vans, growing electric vehicle adoption targets set by various countries, and increasing investments by commercial fleet operators into electric fleet modernization. However, high upfront purchase cost of electric vans and lack of adequate public charging infrastructure in many regions are some of the key factors restraining the market growth. Ongoing advancements in battery technology to improve vehicle range and faster charging solutions present lucrative opportunities for market expansion. Rise of software-enabled fleet monitoring and electric van leasing models are also expected to encourage greater commercial adoption of these vehicles.

Key Features of the Study:

This report provides in-depth analysis of the global electric van market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global electric van market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Volkswagen Commercial Vehicles AG, Renault, Peugeot SA, Renault-Nissan-Mitsubishi Alliance, Ford Motor Co., Mercedes-Benz, Stellantis NV, Rivian, Tata Motors, MG Motor India, Mahindra & Mahindra, Hyundai Motor India, and Kia India

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global electric van market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

Propulsion Type Insights (Revenue, USD, 2019 - 2031)
- Fuel Cell Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Battery Electric Vehicle
Vehicle Type Insights (Revenue, USD, 2019 - 2031)
- Two-Wheelers
- Passenger Cars
- Commercial Vehicles
Speed Insights (Revenue, USD, 2019 - 2031)
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Volkswagen Commercial Vehicles AG
- Renault
- Peugeot SA
- Renault-Nissan-Mitsubishi Alliance
- Ford Motor Co.
- Mercedes-Benz
- Stellantis NV
- Rivian
- Tata Motors
- MG Motor India
- Mahindra & Mahindra
- Hyundai Motor India
- Kia India

Product Code: CMI7447

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Propulsion Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Speed
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Developments/Updates
- Industry Trend

4. Global Electric Van Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Electric Van Market - COVID-19
Impact Analysis

5. Global Electric Van Market, By Propulsion Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Fuel Cell Electric Vehicle
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Plug-in Hybrid Electric Vehicle
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Battery Electric Vehicle
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Electric Van Market, By Vehicle Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Two-Wheelers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Passenger Cars
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Commercial Vehicles
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Electric Van Market, By Speed, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Less Than 100 MPH
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
100 to 125 MPH
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
More Than 125 MPH
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Electric Van Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Propulsion Type, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Speed, 2019 - 2031, Value (USD BN)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chair Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chair Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chair Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chair Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chair Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

Volkswagen Commercial Vehicles AG
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Renault
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Peugeot SA
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Renault-Nissan-Mitsubishi Alliance
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Ford Motor Co.
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Mercedes-Benz
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Stellantis NV
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Rivian
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Tata Motors
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
MG Motor India
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Mahindra & Mahindra
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
- Financial Performance
- Strategies
Hyundai Motor India
- Company Highlights
- Product Portfolio
- Recent Developments/Updates
Kia India
- Company Highlights
- Product Portfolio
- Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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