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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
What is the value of the electric commercial truck chassis market?
The market size of electric commercial truck chassis reached USD 488 million in 2023, with expectations to grow at a CAGR of over 29.4% from 2024 to 2032, led by government regulations and incentives for electric vehicles, stricter emissions standards, financial incentives like tax credits, and increasing investments in charging infrastructure.
Which chassis type dominates the electric commercial truck chassis industry?
The ladder frame chassis segment dominates the market, holding over 43% market share in 2023 and expected to exceed USD 2 billion by 2032. Its durability and load-handling capacity make it a preferred choice for heavy-duty applications.
What is the market share of the rear-wheel drive (RWD) segment in the electric commercial truck chassis market?
In 2023, the rear-wheel drive (RWD) segment held around 54% of the market. RWD configurations provide superior weight distribution, better traction under heavy loads, and optimized performance, making them the most popular drive system in the market.
What is North America's share in the electric commercial truck chassis industry?
In 2023, the rear-wheel drive (RWD) segment held around 54% of the market. RWD configurations provide superior weight distribution, better traction under heavy loads, and optimized performance, making them the most popular drive system in the market.
Which companies are leading in the electric commercial truck chassis market?
Major players in the market include Ford Motor Company, Hyundai Motor Company, Isuzu Motors Limited, Mercedez (Daimler), Navistar International Corporation, Paccar Inc., Scania AB, Tata Motors, Tesla, Inc., and Volvo Trucks.