PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463760
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463760
Commercial Vehicle Depot Charging Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Key Highlights
The commercial vehicle depot charging market was valued at USD 4,802.0 million in 2023, which will increase to USD 28,129.5 million, powering at a 29.0% CAGR, by 2030.
Improvement in charging speed is a major trend in this industry. Fast charging allows the utilization of EVs for longer distances and durations as it reduces their downtime.
The utilization of high-speed chargers for electric commercial vehicles assists in decreasing operational expenses by dropping the charging period. This enhances the effectiveness of EVs and also improves their run time.
The rising acceptance of EVs is a major driver for the industry expansion.
In 2023, EV sales increased by 30-40% as more people want cleaner transport and governments are offering subsidies and various other benefits to encourage their acceptance.
The U.S., China, Norway, India, Germany, and various other nations are trying to replace their public buses from diesel and gas-based ones to electric ones. The aim is to decrease carbon emissions and enhance air quality.
Firms that own commercial vehicle fleets are now concentrating on utilizing EVs rather than those run by fossil fuels, to decrease carbon emissions and pollution. This means the demand for depots where electric commercial automobiles charge will surge.
Market Analysis
Europe is likely to advance at the fastest compound annual growth rate, of 30.2%, in the years to come.
The need for commercial vehicle depot charging systems is rising in Europe because of the increasing worry regarding the environment and the advantages offered to boost the acceptance of EVs.
APAC accounted for the largest share of the industry in 2023. This is because of the constantly rising need for commercial EVs.
With the highest count of EV sales and charging infrastructure manufacturing firms, China is the main nation in this area.
AC chargers led the industry in 2023, with approximately 75% share. AC charger offers a lower charging speed than the DC charger, however, it is an ideal option for overnight charging.
The public category accounted for the larger share of the industry in 2023, of approximately 65%. Public chargers are adopted by government transport businesses and private fleet operators for delivery and transportation purposes.
As they change their traditional automobiles with electric vehicles, the requirement for public charging depots will increase as well.
The public category will further propel at a higher compound annual growth rate, of approximately 29.3%, in the years to come. Public charging infrastructure enables electric vehicle owners to charge their vehicles when they are on long journeys or while they are away from home.
These services are more inexpensive than private charging because local authorities and government offer financial backing and various other advantages to drive public charging infrastructure installation.
eLCVs was the largest contributor to the industry in 2023, with approximately 40% share. This is primarily because the cost of manufacturing their batteries is lower and the productivity is high.
The CV depot charging industry is observing a combination of new players and recognized players, all competing for a share of this developing industry.
The competition is expected to increase in the years to come, with cost-effectiveness and innovation being major differentiators.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by vehicle type
- 1.4.2. Market size breakdown, by charger type
- 1.4.3. Market size breakdown, by charging infrastructure
- 1.4.4. Market size breakdown, by depot size
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Vehicle Type (2017-2030)
- 6.3. Market Volume, by Charger Type (2017-2030)
- 6.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 6.5. Market Revenue, by Depot Size (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Vehicle Type (2017-2030)
- 7.3. Market Volume, by Charger Type (2017-2030)
- 7.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 7.5. Market Revenue, by Depot Size (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Vehicle Type (2017-2030)
- 8.3. Market Volume, by Charger Type (2017-2030)
- 8.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 8.5. Market Revenue, by Depot Size (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Vehicle Type (2017-2030)
- 9.3. Market Volume, by Charger Type (2017-2030)
- 9.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 9.5. Market Revenue, by Depot Size (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Vehicle Type (2017-2030)
- 10.3. Market Volume, by Charger Type (2017-2030)
- 10.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 10.5. Market Revenue, by Depot Size (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Vehicle Type (2017-2030)
- 11.3. Market Volume, by Charger Type (2017-2030)
- 11.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 11.5. Market Revenue, by Depot Size (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Vehicle Type (2017-2030)
- 12.3. Market Volume, by Charger Type (2017-2030)
- 12.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 12.5. Market Revenue, by Depot Size (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Vehicle Type (2017-2030)
- 13.3. Market Volume, by Charger Type (2017-2030)
- 13.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 13.5. Market Revenue, by Depot Size (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Vehicle Type (2017-2030)
- 14.3. Market Volume, by Charger Type (2017-2030)
- 14.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 14.5. Market Revenue, by Depot Size (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Vehicle Type (2017-2030)
- 15.3. Market Volume, by Charger Type (2017-2030)
- 15.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 15.5. Market Revenue, by Depot Size (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Vehicle Type (2017-2030)
- 16.3. Market Volume, by Charger Type (2017-2030)
- 16.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 16.5. Market Revenue, by Depot Size (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Vehicle Type (2017-2030)
- 17.3. Market Volume, by Charger Type (2017-2030)
- 17.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 17.5. Market Revenue, by Depot Size (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Vehicle Type (2017-2030)
- 18.3. Market Volume, by Charger Type (2017-2030)
- 18.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 18.5. Market Revenue, by Depot Size (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Vehicle Type (2017-2030)
- 19.3. Market Volume, by Charger Type (2017-2030)
- 19.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 19.5. Market Revenue, by Depot Size (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Vehicle Type (2017-2030)
- 20.3. Market Volume, by Charger Type (2017-2030)
- 20.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 20.5. Market Revenue, by Depot Size (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Vehicle Type (2017-2030)
- 21.3. Market Volume, by Charger Type (2017-2030)
- 21.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 21.5. Market Revenue, by Depot Size (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Vehicle Type (2017-2030)
- 22.3. Market Volume, by Charger Type (2017-2030)
- 22.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 22.5. Market Revenue, by Depot Size (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Vehicle Type (2017-2030)
- 23.3. Market Volume, by Charger Type (2017-2030)
- 23.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 23.5. Market Revenue, by Depot Size (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Vehicle Type (2017-2030)
- 24.3. Market Volume, by Charger Type (2017-2030)
- 24.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 24.5. Market Revenue, by Depot Size (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Vehicle Type (2017-2030)
- 25.3. Market Volume, by Charger Type (2017-2030)
- 25.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 25.5. Market Revenue, by Depot Size (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Vehicle Type (2017-2030)
- 26.3. Market Volume, by Charger Type (2017-2030)
- 26.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 26.5. Market Revenue, by Depot Size (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Vehicle Type (2017-2030)
- 27.3. Market Volume, by Charger Type (2017-2030)
- 27.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 27.5. Market Revenue, by Depot Size (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Vehicle Type (2017-2030)
- 28.3. Market Volume, by Charger Type (2017-2030)
- 28.4. Market Revenue, by Charging Infrastructure (2017-2030)
- 28.5. Market Revenue, by Depot Size (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. ABB Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Blink Charging Co.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. bp pulse
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Robert Bosch GmbH
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. ChargePoint Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. EVgo Services LLC
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Heliox Energy
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Kempower Oyj
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Shell EV Charging Solutions Americas
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Siemens Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
