Electric Commercial Truck Chassis Market Size - By Truck Classification, By Chassis, By Chassis Material, By Drive, By End-User Industry, Analysis, Share, Growth Forecast, 2024 - 2032

Electric Commercial Truck Chassis Market Size

The global electric commercial truck chassis market size was valued at USD 488 million in 2023 and is projected to grow at a CAGR of over 29.4% between 2024 and 2032. Government regulations and incentives for electric vehicles are crucial drivers of growth in the market. Globally, governments are implementing stringent emissions standards to reduce carbon footprints, compelling businesses to transition to electric commercial vehicles. Financial incentives such as tax credits, rebates, and grants significantly reduce the costs of adopting electric trucks, making them more attractive to fleet operators.
 

Additionally, increased investments in charging infrastructure and support for research and development enhance the viability of electric solutions. These regulatory frameworks not only promote sustainable transport but also create a favourable market environment, encouraging manufacturers to innovate and expand their electric chassis offerings.
 

For instance, in September 2024, The Indian government approved a $1.3 billion incentive scheme aimed at boosting the adoption of electric vehicles (EVs) across the country. Officially named the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), this initiative was confirmed during a Union Cabinet meeting chaired by Prime Minister Narendra Modi. The scheme has a budget of ?109 billion (approximately $1.3 billion) and is set to run for two years. The PM E-DRIVE scheme replaces earlier programs like the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) scheme and the Electric Mobility Promotion scheme.
 

Moreover, the electric commercial truck chassis market is expanding due to the growing demand for sustainable transportation. As the global focus on reducing carbon emissions intensifies, electric trucks are becoming crucial for meeting environmental and regulatory standards. Companies, particularly in the logistics and delivery sectors, are adopting these greener technologies to enhance their brand image and comply with stricter regulations. Additionally, consumers favor brands that prioritize sustainability, prompting fleet operators to invest in electric vehicles. This increased awareness and demand for eco-friendly transport solutions are significantly driving the market forward.
 

Electric Commercial Truck Chassis Market Trends

Electric commercial truck chassis are witnessing significant technological advancements in chassis technology and declining battery costs. Innovations in lightweight materials and modular designs enhance the efficiency and performance of electric trucks, resulting in better weight distribution and improved handling. These advancements enable manufacturers to develop robust yet flexible chassis that meet various commercial applications, appealing to a diverse customer base.
 

Simultaneously, the reduction in battery costs makes electric trucks more financially viable. As battery prices fall, the overall cost of electric vehicles decreases, making them more competitive with traditional diesel options. Improved energy density and charging technologies also extend the operational range of electric trucks, reducing range anxiety among fleet operators. Together, these factors not only increase the attractiveness of electric commercial vehicles but also accelerate their adoption in the market.
 

For instance, in April 2024, Windrose Technology unveiled its latest innovations in the heavy-duty truck sector, introducing its first battery-electric and hydrogen-powered heavy-duty trucks, along with a new-generation chassis-by-wire system. This innovative system supports both the hydrogen-powered and battery-electric trucks, featuring Electric Power Steering (EPS), a low-voltage electrical platform, and an electromechanical braking (EMB) system. It is designed to facilitate level 5 autonomous driving capabilities.
 

The higher upfront costs of electric trucks compared to traditional diesel trucks present a significant barrier in the electric commercial truck chassis market. Budget constraints make the initial investment in electric vehicles (EVs) challenging for many businesses, despite the long-term operational savings. The expenses for electric chassis, batteries, and technology often exceed those of conventional diesel trucks, deterring fleet operators from transitioning. Additionally, the perceived financial risk associated with adopting new technologies can cause hesitancy among potential buyers. This cost disparity hampers widespread adoption, particularly among small and medium-sized enterprises, thereby slowing the overall growth of the market.
 

Electric Commercial Truck Chassis Market Analysis

Based on chassis, the market is segmented into ladder frame, modular chassis, backbone chassis, and others. In 2023, the ladder frame segment accounted for a market share of over 43% and is expected to exceed USD 2 billion by 2032. The ladder frame segment dominates the electric commercial truck chassis market due to its structural durability and capacity to handle heavy loads, making it ideal for commercial applications. This traditional design is preferred for heavy-duty and medium-duty trucks, as it provides the necessary strength and stiffness for vehicles carrying large payloads over long distances.
 

Electric trucks in industries such as construction, logistics, and freight transport require robust chassis systems capable of supporting heavy-duty powertrains and battery systems. Additionally, the ladder frame chassis allows for easier customization and flexibility in mounting electric drivetrains, batteries, and body configurations, making it a preferred choice for truck manufacturers. Its proven performance and adaptability to both on-road and off-road conditions further enhance its market dominance.
 

Based on drive, the market is divided into all-wheel drive (AWD), rear-wheel drive (RWD), and front-wheel drive (FWD). The rear-wheel drive (RWD) segment held around 54% market share in 2023. The rear-wheel drive (RWD) segment holds the largest market share in the electric commercial truck chassis market due to its numerous advantages. RWD configurations offer superior weight distribution, enhancing traction, particularly under heavy loads, which is crucial for commercial applications. This setup improves handling and stability, especially in heavy-duty trucks used for logistics and construction.
 

Additionally, RWD allows for simpler drivetrain designs, leading to increased reliability and easier maintenance. The electric powertrains in RWD systems facilitate effective torque delivery to the rear wheels, optimizing performance. As businesses increasingly seek efficiency and durability in their fleets, the advantages of RWD systems make them the preferred choice in the electric commercial vehicle sector, driving their market dominance.
 

North America region accounted for a market share of over 37% in 2023 and is expected to exceed USD 1.8 billion by 2032. The North America electric commercial truck chassis market is experiencing robust growth, driven by the increasing adoption of electric vehicles, government incentives, and stricter emissions regulations. The U.S. leads the market, supported by significant investments from major manufacturers like Tesla and Freightliner in electric truck development.
 

Urban logistics, delivery services, and sustainability initiatives are propelling the demand for electric chassis. Additionally, the expanding charging infrastructure enhances market potential. As businesses prioritize environmentally friendly solutions, the North American market is expected to continue its upward trajectory in the coming years.
 

The European electric commercial truck chassis market is experiencing robust growth, driven by stringent emissions regulations and substantial government incentives for zero-emission vehicles. Leading the adoption are countries such as Germany, the UK, and the Netherlands. Established manufacturers like Volvo, Daimler, and Scania are making significant investments in electric chassis development. Additionally, there is a notable increase in collaborations between automakers and technology firms to enhance charging infrastructure and advance battery technologies. With its focus on sustainability and innovative transport solutions, Europe is positioning itself as a key player in the electric commercial truck market.
 

China, the world's leading electric vehicle manufacturer, is driving the Asia Pacific's growth in the electric commercial truck chassis market. Government initiatives promoting zero-emission transportation and significant investments in EV infrastructure are fueling this expansion. Additionally, countries like India and Japan are enhancing their electric commercial vehicle offerings, focusing on urban logistics and sustainability. The increasing demand from sectors such as e-commerce and logistics is further accelerating the adoption of electric truck chassis in the region, positioning the Asia Pacific for substantial growth in the coming years.
 

In the MEA region, government initiatives, particularly in the UAE and Saudi Arabia, are driving the growth of the electric commercial truck chassis market by promoting sustainable transport. However, infrastructure challenges and high initial costs remain significant hurdles. In Latin America, countries like Brazil are gradually adopting electric commercial vehicles, supported by environmental regulations. Although growth is steady, market penetration is limited due to economic factors and the need for improved charging infrastructure.
 

Electric Commercial Truck Chassis Market Share

Volvo Trucks, Ford Motor Company, and Hyundai Motor Company held a significant market share of over 14% in 2023. Volvo Trucks is expanding its electric truck lineup by developing modular chassis platforms that enhance range and charging efficiency for various applications. The company collaborates with logistics firms and municipalities for large-scale electric vehicle (EV) fleet deployments and invests in battery technology to boost performance and sustainability.
 

Ford Motor Company leverages its chassis engineering expertise to develop electric commercial truck platforms, particularly through its "E-Transit" series. The company enhances its production capabilities with significant investments in EV infrastructure and partners with fleet operators to test and optimize electric chassis solutions tailored for different commercial use cases.

Hyundai Motor Company advances its electric truck chassis offerings by integrating hydrogen fuel cell and battery-electric technologies to extend range and performance. The company focuses on creating versatile chassis platforms that meet diverse commercial needs while scaling production capacity through strategic partnerships and investments in sustainable mobility solutions, especially across Europe and Asia.

Electric Commercial Truck Chassis Market Companies

Major players operating in the electric commercial truck chassis industry are:

• Ford Motor Company
• Hyundai Motor Company
• Isuzu Motors Limited
• Mercedez (Daimler)
• Navistar International Corporation
• Paccar Inc.
• Scania AB
• Tata Motors
• Tesla, Inc.
• Volvo Trucks
   

Electric Commercial Truck Chassis Industry News

• In September 2024, Isuzu officially commenced production of its new electric chassis, the NRR-EV, marking a significant milestone in the company's transition to sustainable transportation solutions. The first unit was produced on August 22, 2024, at Isuzu's facility in Charlotte, Michigan. The NRR-EV offers four battery configurations (60, 100, 140, or 180 kWh) to cater to varying range requirements. It delivers a maximum power output of 150 kW and torque of 280 lb.-ft., operating at an efficient voltage of 350 volts.
   
• In August 2024, The Q-Truck chassis for heavy-duty trucks successfully passed its chassis strength assessment, confirming its robustness for commercial use. This electric autonomous vehicle, developed by Westwell, is designed to operate in environments similar to conventional trucks without the need for a driver cabin, making it fully autonomous. This advancement positions the Q-Truck as a viable solution in the growing market for autonomous heavy-duty trucks, emphasizing both performance and environmental sustainability.
   

The electric commercial truck chassis market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and shipment (Units) from 2021 to 2032, for the following segments:

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Market, By Truck Classification

• Light-duty trucks
• Medium-duty trucks
• Heavy-duty trucks

Market, By Chassis

• Ladder frame
• Modular chassis
• Backbone chassis
• Others

Market, By Chassis Material

• Aluminium alloy
• Mild steel
• High-speed steel
• Others (carbon fiber, etc.)

Market, By Drive

• All-wheel drive (AWD)
• Rear-wheel drive (RWD)
• Front-wheel drive (FWD)

Market, By End-User Industry

• Logistics and delivery
• Construction
• Municipal services

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa