Product Code: A47291
An electric van functions on electricity and does not use conventional fuels, such as gasoline or diesel, as its power source. Electric van utilizes an electric motor to propel the vehicle. In addition, advantages of electric van comprise lower running costs, environment friendly, low maintenance costs, and others. Moreover, it is generally utilized for goods transportation, passenger transportation, e-commerce deliveries, last mile deliveries and others.
Electric vans with battery capacity more than 50 kWh are expected to witness considerable demand, due to their increased application in the logistics sector, last mile deliveries, and others in the near future. Moreover, introduction of new electric vans by the key players, with battery capacity more than 50 kWh in the market, supplement the growth of the market. For instance, in July 2020, Renault launched "Zoe" van for the UK market. Zoe is a cargo van which utilizes 52 kWh battery pack and has a range of 245 miles. Its load bay is 1205 mm long, and maximum load width is 1110 mm. In addition, it provides maximum payload capacity up to 387 kg. Moreover, it supports fast charging, which allows for 90 miles of range per 30 minutes of charging.
The electric van market has been affected by the recent trend toward self-driving vans. Top OEMs such as Volkswagen, and others, have developed self-driving electric vans for the market. For instance, in 2021, Volkswagen unveiled an autonomous ID.Buzz AD (AD stands for Autonomous Driving) at IAA Munich. ID.Buzz AD feature a roof-mounted Lidar sensor which is capable of detecting objects from more than 400 meters away. Moreover, self-driving electric van technology will increase the demand for electric vans in the long term due to various advantages such as ease of operation and the presence of value-added features. The technology is expected to mature in the next few years. Therefore, the development of self-driving electric vans technology is opportunistic for market growth.
The electric van market is segmented into on range, battery capacity, propulsion, application, and region. By range, it is fragmented into up to 100 miles, 100 to 200 miles, and above 200 miles. By battery capacity, it is categorized into up to 50 kWh, and above 50 kWh. By propulsion, it is fragmented into battery electric van, and plug-in hybrid electric van. By application, it is classified into personal, and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the report include BYD Company Ltd, Ford Motor Company, General Motors Company, Mercedes-Benz Group AG, Nissan Motor Co., Ltd., Renault S.A., Stellantis NV, Toyota Motor Corporation, Volkswagen AG, and Workhorse Group Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric van market analysis from 2021 to 2031 to identify the prevailing electric van market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric van market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric van market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
By Range
- Up to 100 miles
- 100 to 200 miles
- Above 200 miles
By Battery Capacity
- Up to 50 kWh
- Above 50 kWh
By Propulsion
- Battery Electric Van
- Plug-in Hybrid Electric Van
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- BYD Company Ltd
- Ford Motor Company
- General Motors Company
- Mercedes-Benz Group AG
- Nissan Motor Co., Ltd.
- Renault S.A.
- Stellantis NV
- TOYOTA MOTOR CORPORATION
- Volkswagen AG
- Workhorse Group, Inc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.1.1. Increase in government initiatives for the promotion of e-mobility
- 3.4.1.2. Reduction in cost of electric vehicle batteries
- 3.4.1.3. Increase in demand for emission-free and high-performance electric vans
- 3.4.2.Restraints
- 3.4.2.1. Lack of charging infrastructure
- 3.4.2.2. Limited range of electric vans
- 3.4.3.Opportunities
- 3.4.3.1. Technological advancements
- 3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC VAN MARKET, BY RANGE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2. Up to 100 miles
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3. 100 to 200 miles
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4. Above 200 miles
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
CHAPTER 5: ELECTRIC VAN MARKET, BY BATTERY CAPACITY
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2. Up to 50 kWh
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3. Above 50 kWh
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
CHAPTER 6: ELECTRIC VAN MARKET, BY PROPULSION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2. Battery Electric Van
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3. Plug-in Hybrid Electric Van
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
CHAPTER 7: ELECTRIC VAN MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2. Personal
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3. Commercial
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
CHAPTER 8: ELECTRIC VAN MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Range
- 8.2.3 North America Market size and forecast, by Battery Capacity
- 8.2.4 North America Market size and forecast, by Propulsion
- 8.2.5 North America Market size and forecast, by Application
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Key market trends, growth factors and opportunities
- 8.2.6.1.2 Market size and forecast, by Range
- 8.2.6.1.3 Market size and forecast, by Battery Capacity
- 8.2.6.1.4 Market size and forecast, by Propulsion
- 8.2.6.1.5 Market size and forecast, by Application
- 8.2.6.2 Canada
- 8.2.6.2.1 Key market trends, growth factors and opportunities
- 8.2.6.2.2 Market size and forecast, by Range
- 8.2.6.2.3 Market size and forecast, by Battery Capacity
- 8.2.6.2.4 Market size and forecast, by Propulsion
- 8.2.6.2.5 Market size and forecast, by Application
- 8.2.6.3 Mexico
- 8.2.6.3.1 Key market trends, growth factors and opportunities
- 8.2.6.3.2 Market size and forecast, by Range
- 8.2.6.3.3 Market size and forecast, by Battery Capacity
- 8.2.6.3.4 Market size and forecast, by Propulsion
- 8.2.6.3.5 Market size and forecast, by Application
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Range
- 8.3.3 Europe Market size and forecast, by Battery Capacity
- 8.3.4 Europe Market size and forecast, by Propulsion
- 8.3.5 Europe Market size and forecast, by Application
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 UK
- 8.3.6.1.1 Key market trends, growth factors and opportunities
- 8.3.6.1.2 Market size and forecast, by Range
- 8.3.6.1.3 Market size and forecast, by Battery Capacity
- 8.3.6.1.4 Market size and forecast, by Propulsion
- 8.3.6.1.5 Market size and forecast, by Application
- 8.3.6.2 Germany
- 8.3.6.2.1 Key market trends, growth factors and opportunities
- 8.3.6.2.2 Market size and forecast, by Range
- 8.3.6.2.3 Market size and forecast, by Battery Capacity
- 8.3.6.2.4 Market size and forecast, by Propulsion
- 8.3.6.2.5 Market size and forecast, by Application
- 8.3.6.3 France
- 8.3.6.3.1 Key market trends, growth factors and opportunities
- 8.3.6.3.2 Market size and forecast, by Range
- 8.3.6.3.3 Market size and forecast, by Battery Capacity
- 8.3.6.3.4 Market size and forecast, by Propulsion
- 8.3.6.3.5 Market size and forecast, by Application
- 8.3.6.4 Italy
- 8.3.6.4.1 Key market trends, growth factors and opportunities
- 8.3.6.4.2 Market size and forecast, by Range
- 8.3.6.4.3 Market size and forecast, by Battery Capacity
- 8.3.6.4.4 Market size and forecast, by Propulsion
- 8.3.6.4.5 Market size and forecast, by Application
- 8.3.6.5 Rest of Europe
- 8.3.6.5.1 Key market trends, growth factors and opportunities
- 8.3.6.5.2 Market size and forecast, by Range
- 8.3.6.5.3 Market size and forecast, by Battery Capacity
- 8.3.6.5.4 Market size and forecast, by Propulsion
- 8.3.6.5.5 Market size and forecast, by Application
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Range
- 8.4.3 Asia-Pacific Market size and forecast, by Battery Capacity
- 8.4.4 Asia-Pacific Market size and forecast, by Propulsion
- 8.4.5 Asia-Pacific Market size and forecast, by Application
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Key market trends, growth factors and opportunities
- 8.4.6.1.2 Market size and forecast, by Range
- 8.4.6.1.3 Market size and forecast, by Battery Capacity
- 8.4.6.1.4 Market size and forecast, by Propulsion
- 8.4.6.1.5 Market size and forecast, by Application
- 8.4.6.2 Japan
- 8.4.6.2.1 Key market trends, growth factors and opportunities
- 8.4.6.2.2 Market size and forecast, by Range
- 8.4.6.2.3 Market size and forecast, by Battery Capacity
- 8.4.6.2.4 Market size and forecast, by Propulsion
- 8.4.6.2.5 Market size and forecast, by Application
- 8.4.6.3 India
- 8.4.6.3.1 Key market trends, growth factors and opportunities
- 8.4.6.3.2 Market size and forecast, by Range
- 8.4.6.3.3 Market size and forecast, by Battery Capacity
- 8.4.6.3.4 Market size and forecast, by Propulsion
- 8.4.6.3.5 Market size and forecast, by Application
- 8.4.6.4 South Korea
- 8.4.6.4.1 Key market trends, growth factors and opportunities
- 8.4.6.4.2 Market size and forecast, by Range
- 8.4.6.4.3 Market size and forecast, by Battery Capacity
- 8.4.6.4.4 Market size and forecast, by Propulsion
- 8.4.6.4.5 Market size and forecast, by Application
- 8.4.6.5 Rest of Asia-Pacific
- 8.4.6.5.1 Key market trends, growth factors and opportunities
- 8.4.6.5.2 Market size and forecast, by Range
- 8.4.6.5.3 Market size and forecast, by Battery Capacity
- 8.4.6.5.4 Market size and forecast, by Propulsion
- 8.4.6.5.5 Market size and forecast, by Application
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Range
- 8.5.3 LAMEA Market size and forecast, by Battery Capacity
- 8.5.4 LAMEA Market size and forecast, by Propulsion
- 8.5.5 LAMEA Market size and forecast, by Application
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Key market trends, growth factors and opportunities
- 8.5.6.1.2 Market size and forecast, by Range
- 8.5.6.1.3 Market size and forecast, by Battery Capacity
- 8.5.6.1.4 Market size and forecast, by Propulsion
- 8.5.6.1.5 Market size and forecast, by Application
- 8.5.6.2 Middle East
- 8.5.6.2.1 Key market trends, growth factors and opportunities
- 8.5.6.2.2 Market size and forecast, by Range
- 8.5.6.2.3 Market size and forecast, by Battery Capacity
- 8.5.6.2.4 Market size and forecast, by Propulsion
- 8.5.6.2.5 Market size and forecast, by Application
- 8.5.6.3 Africa
- 8.5.6.3.1 Key market trends, growth factors and opportunities
- 8.5.6.3.2 Market size and forecast, by Range
- 8.5.6.3.3 Market size and forecast, by Battery Capacity
- 8.5.6.3.4 Market size and forecast, by Propulsion
- 8.5.6.3.5 Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
- 10.1 BYD Company Ltd
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
- 10.2 Ford Motor Company
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
- 10.3 General Motors Company
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
- 10.4 Mercedes-Benz Group AG
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
- 10.5 Nissan Motor Co., Ltd.
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
- 10.6 Renault S.A.
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
- 10.7 Stellantis NV
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
- 10.8 TOYOTA MOTOR CORPORATION
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
- 10.9 Volkswagen AG
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
- 10.10 Workhorse Group, Inc.
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments