Electric Van Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Van Trends and Forecast

The future of the global electric van market looks promising with opportunities in the personal and commercial markets. The global electric van market is expected to reach an estimated $65.9 billion by 2030 with a CAGR of 21.2% from 2024 to 2030. The major drivers for this market are increased demand for energy-saving and emission-free mass transportation options, reduction in cost of electric vehicle batteries, as well as, improvements in monitoring systems and vehicle networking systems.

A more than 150-page report is developed to help in your business decisions.

Electric Van by Segment

The study includes a forecast for the global electric van by range, battery capacity, application, and region.

Electric Van Market by Range [Shipment Analysis by Value from 2018 to 2030]:

• Up To 100 Miles
• 100 To 200 Miles
• Above 200 Miles

Electric Van Market by Battery Capacity [Shipment Analysis by Value from 2018 to 2030]:

• Up To 50 Kwh
• Above 50 Kwh

Electric Van Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Personal
• Commercial

Electric Van Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Van Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric van companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric van companies profiled in this report include-

• Workhorse
• Stellantis
• Volkswagen
• Nissan Motor
• BYD
• Ford Motor
• Renault
• General Motors
• Mercedes-Benz

Electric Van Market Insights

Lucintel forecasts that above 50 kwh is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period because of substantial populations and rapid urbanization, China, Japan, and South Korea exhibit a heightened demand for last-mile delivery vehicles, as well as, existence of numerous manufacturers in the region.

Features of the Global Electric Van Market

Market Size Estimates: Electric van market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Power electronic market size by various segments, such as by range, battery capacity, application, and region in terms of ($B).

Regional Analysis: Electric van market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different range, battery capacity, application, and regions for the power electronic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric van market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the electric van market size?

Answer: The global electric van market is expected to reach an estimated $65.9 billion by 2030.

Q.2 What is the growth forecast for electric van market?

Answer: The global power electronic market is expected to grow with a CAGR of 21.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the electric van market?

Answer: The major drivers for this market are increased demand for energy-saving and emission-free mass transportation options, reduction in cost of electric vehicle batteries, as well as, improvements in monitoring systems and vehicle networking systems.

Q4. What are the major segments for electric van market?

Answer: The future of the global electric van market looks promising with opportunities in the personal and commercial markets.

Q5. Who are the key Electric Van Market companies?

Answer: Some of the key electric van companies are as follows:

• Workhorse
• Stellantis
• Volkswagen
• Nissan Motor
• BYD
• Ford Motor
• Renault
• General Motors
• Mercedes-Benz

Q6. Which electric van market segment will be the largest in future?

Answer: Lucintel forecasts that above 50 kwh is expected to witness highest growth over the forecast period.

Q7. In electric van market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of substantial populations and rapid urbanization, China, Japan, and South Korea exhibit a heightened demand for last-mile delivery vehicles, as well as, existence of numerous manufacturers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric van market by range (up to 100 miles, 100 to 200 miles, and above 200 miles), battery capacity (up to 50 kWh and above 50 kWh), application (personal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?