Middle East & Africa Electric Trucks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Propulsion (BEV, PHEV, and FCV), Vehicle Type (LCV and Medium & HCV), Range (Less than 200 miles and More than 200 Miles), and Level of Automation (Semi-Autonomous and Fully Autonomous)
The MEA electric trucks market is expected to grow from US$ 284.43 million in 2022 to US$ 959.13 million by 2028. It is estimated to grow at a CAGR of 22.5% from 2022 to 2028.
The electric trucks market is growing due to the rising trend of self-driving trucks. Autonomous driving and electromobility are key fields for the transport sector's future. There are plenty of examples of applications for both fields, whether trucks, cars, buses, or even construction machinery, such as excavators and wheel loaders. However, linking the two remains the exception, even though this fusion offers the greatest potential economically and ecologically, especially in the truck and transport sector. Top original equipment manufacturers (OEM), such as Tesla, Volvo, Vera, and Daimler, have developed self-driving electric trucks. Startups, including Embark, Einride, TuSimple, and Ike (Nuro), have also started developing self-driving electric trucks. Waymo had started testing its self-driving trucks. Self-driving electric truck technology will create market opportunities for electric truck manufacturers in the long run due to the various advantages, such as easy use and the presence of value-added features.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA electric trucks market at a promising CAGR during the forecast period.
MEA Electric Trucks Market Revenue and Forecast to 2028 (US$ Million)
MEA Electric Trucks Market Segmentation
The MEA electric trucks market is segmented on the basis of propulsion type, vehicle type, range, level of automation, and country.
Based on propulsion, the market is segmented into BEV, FCV, and PHEV. The BEV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on vehicle type, the market is bifurcated into LCVs and medium & HCVs. The LCV segment is the dominant one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on range, the market is segmented into less than 200 miles and more than 200 miles. The more than 200 miles segment has emerged as the dominating one in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on level of automation, the market is segmented into semi-autonomous and fully autonomous. The fully autonomous segment has been dominant in 2022 and is expected to be the fastest-growing segment during the forecast period.
Based on country, the regional market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA.
AB Volvo; Daimler AG; FAW Group Co., Ltd; Navistar, Inc.; PACCAR Inc.; Proterra Inc.; Rivian; Scania; and Tesla, Inc. are leading companies in the MEA electric trucks market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Electric Trucks Market – By Propulsion
1.3.2 MEA Electric Trucks Market – By Vehicle Type
1.3.3 MEA Electric Trucks Market – By Range
1.3.4 MEA Electric Trucks Market – By Level of Automation
1.3.5 MEA Electric Trucks Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Electric Trucks Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Electric Trucks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Initiatives and Stringent Emission Rules to Boost the Electric Trucks Growth
5.1.2 Surge in Production and Sales of EVs
5.2 Market Restraints
5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV)
5.3 Market Opportunities
5.3.1 Manufacturing of Self-Driving Truck Technology
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. MEA Electric Trucks Market Analysis
6.1 MEA Electric Trucks Market Overview
6.2 MEA Electric Trucks Market Forecast and Analysis
7. MEA Electric Trucks Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 MEA Electric Trucks Market, By Propulsion Type (2021 and 2028)
7.3 BEV
7.3.1 Overview
7.3.2 BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
7.4 PHEV
7.4.1 Overview
7.4.2 PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
7.5 FCV
7.5.1 Overview
7.5.2 FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
8. Electric Trucks Market – By Vehicle Type
8.1 Overview
8.2 MEA Electric Trucks Market, By Vehicle Type (2021 and 2028)
8.3 LCV
8.3.1 Overview
8.3.2 LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Medium and HCV
8.4.1 Overview
8.4.2 Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Electric Trucks Market – By Range
9.1 Overview
9.2 MEA Electric Trucks Market, By Range (2021 and 2028)
9.3 Less than 200 miles
9.3.1 Overview
9.3.2 Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
9.4 More than 200 miles
9.4.1 Overview
9.4.2 More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Electric Trucks Market – By Level of Automation
10.1 Overview
10.2 MEA Electric Trucks Market, By Level of Automation (2021 and 2028)
10.3 Semi-Autonomous
10.3.1 Overview
10.3.2 Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Fully Autonomous
10.4.1 Overview
10.4.2 Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11. MEA Electric Trucks Market –Country Analysis
11.1 Overview
11.1.1 MEA: Electric Trucks Market, by Key Country
11.1.1.1 South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 South Africa: Electric Trucks Market, By Propulsion Type
11.1.1.1.2 South Africa: Electric Trucks Market, By Vehicle Type
11.1.1.1.3 South Africa: Electric Trucks Market, By Range
11.1.1.1.4 South Africa: Electric Trucks Market, By Level of Automation
11.1.1.2 Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Saudi Arabia: Electric Trucks Market, By Propulsion Type
11.1.1.2.2 Saudi Arabia: Electric Trucks Market, By Vehicle Type
11.1.1.2.3 Saudi Arabia: Electric Trucks Market, By Range
11.1.1.2.4 Saudi Arabia: Electric Trucks Market, By Level of Automation
11.1.1.3 UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 UAE: Electric Trucks Market, By Propulsion Type
11.1.1.3.2 UAE: Electric Trucks Market, By Vehicle Type
11.1.1.3.3 UAE: Electric Trucks Market, By Range
11.1.1.3.4 UAE: Electric Trucks Market, By Level of Automation
11.1.1.4 Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of MEA: Electric Trucks Market, By Propulsion Type
11.1.1.4.2 Rest of MEA: Electric Trucks Market, By Vehicle Type
11.1.1.4.3 Rest of MEA: Electric Trucks Market, By Range
11.1.1.4.4 Rest of MEA: Electric Trucks Market, By Level of Automation
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Company Profile
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Daimler AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FAW Group Co.,Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Navistar, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PACCAR Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Proterra Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Rivian
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Scania
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Tesla, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. MEA Electric Trucks Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. MEA: Electric Trucks Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 14. UAE: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA: Electric Trucks Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of MEA: Electric Trucks Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA: Electric Trucks Market, By Range – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of MEA: Electric Trucks Market, By Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Electric Trucks Market Segmentation
Figure 2. MEA Electric Trucks Market Segmentation – by Country
Figure 3. MEA Electric Trucks Market Overview
Figure 4. MEA Electric Trucks Market, By Vehicle Type
Figure 5. MEA Electric Trucks Market, By Country
Figure 6. MEA: PEST Analysis
Figure 7. Electric Trucks Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. MEA Electric Trucks Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA Electric Trucks Market, Forecast and Analysis (US$ Million)
Figure 11. MEA Electric Trucks Market Revenue Share, By Propulsion Type (2021 and 2028)
Figure 12. MEA BEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA PHEV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA FCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Electric Trucks Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 16. MEA LCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Medium and HCV: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Electric Trucks Market Revenue Share, By Range (2021 and 2028)
Figure 19. MEA Less than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA More than 200 miles: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Electric Trucks Market Revenue Share, By Level of Automation (2021 and 2028)
Figure 22. MEA Semi-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Fully-Autonomous: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA: Electric Trucks Market, By Key Country- Revenue 2020 (US$ Million)
Figure 25. MEA: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 26. South Africa: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Saudi Arabia: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UAE: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of MEA: Electric Trucks Market – Revenue and Forecast to 2028 (US$ Million)
- AB Volvo
- aimler AG
- FAW Group Co., Ltd
- Navistar, Inc.
- PACCAR Inc.
- Proterra Inc.
- Rivian
- Scania
- Tesla, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA electric trucks market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA electric trucks market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the electric trucks market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution