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New Energy Commercial Vehicle Market, Global Outlook and Forecast 2024-2030

The global New Energy Commercial Vehicle market was valued at US$ 10.3 billion in 2023 and is projected to reach US$ 34.8 billion by 2030, at a CAGR of 21.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

In Chinese market, key players of new energy commercial vehicle include Dongfeng Automobile Co., Ltd., Geely Automobile Holdings Limited and Chongqing Rui Chi. Top three manufacturers hold a share about 30%. In terms of product, pure electric is the largest segment, with a share about 98%. And in terms of application, the largest application is truck, which has a share about 65 percent.

This report aims to provide a comprehensive presentation of the global market for New Energy Commercial Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding New Energy Commercial Vehicle. This report contains market size and forecasts of New Energy Commercial Vehicle in global, including the following market information:

  • Global New Energy Commercial Vehicle Market Revenue, 2019-2024, 2025-2030, ($ millions)
  • Global New Energy Commercial Vehicle Market Sales, 2019-2024, 2025-2030, (Units)
  • Global top five New Energy Commercial Vehicle companies in 2023 (%)

We surveyed the New Energy Commercial Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:

Global New Energy Commercial Vehicle Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global New Energy Commercial Vehicle Market Segment Percentages, by Type, 2023 (%)
  • Pure Electric
  • Plug-in
  • Fuel Cell
Global New Energy Commercial Vehicle Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global New Energy Commercial Vehicle Market Segment Percentages, by Application, 2023 (%)
  • Truck
  • Bus
Global New Energy Commercial Vehicle Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global New Energy Commercial Vehicle Market Segment Percentages, By Region and Country, 2023 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies New Energy Commercial Vehicle revenues in global market, 2019-2024 (Estimated), ($ millions)
  • Key companies New Energy Commercial Vehicle revenues share in global market, 2023 (%)
  • Key companies New Energy Commercial Vehicle sales in global market, 2019-2024 (Estimated), (Units)
  • Key companies New Energy Commercial Vehicle sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
  • Dongfeng Automobile Co., Ltd.
  • Yutong Bus CO.,LTD.
  • Xiamen King Long Motor Group Co.,Ltd.
  • BYD
  • Geely Automobile Holdings Limited
  • CRRC Electric VEHICLE Co., Ltd.
  • Zhongtong Bus Holding Co.,Ltd.
  • Chongqing Rui Chi
  • BAIC Foton Motor Co., Ltd.
  • Chery
  • SANY Heavy Industry Co., Ltd
  • Faw Jiefang Group Co.,Ltd.
  • Xcmg Construction Machinery Co.,ltd.
  • BEIBEN
  • Saic Hongyan Automotive Co., Ltd.
  • Shaanxi Heavy-Duty Truck Co., Ltd.
  • Jiangling Motors Co., Ltd.
Outline of Major Chapters:

Chapter 1: Introduces the definition of New Energy Commercial Vehicle, market overview.
Chapter 2: Global New Energy Commercial Vehicle market size in revenue and volume.
Chapter 3: Detailed analysis of New Energy Commercial Vehicle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of New Energy Commercial Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global New Energy Commercial Vehicle capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.