Japan Electric Truck Market Introduction and Overview
According to SPER Market Research, the Japan Electric Truck Market is estimated to reach USD XX billion by 2033 with CAGR of 14.64%.
The report includes an in-depth analysis of the Japan Electric Truck Market, including market size and trends, product mix, Types, and supplier analysis. An electric truck is a vehicle that is intended to carry out jobs or convey items that are often associated with traditional trucks, but instead of internal combustion engines that burn fossil fuels, an electric truck gets its power from electricity. These vehicles are a part of the larger movement toward electric transportation, which aims to fight climate change and lower greenhouse gas emissions. Electric motors power the wheels of electric trucks, which are outfitted with huge battery packs that store energy.
- January 2022: In an effort to provide environmentally friendly trucking solutions for clients in the luxury market, Bolloré Logistics Japan welcomed its first hybrid electric vehicle (HEV).
- March 2022: As part of its efforts to fight climate change, DHL Express, the top international express service provider in the world, unveiled two electric vehicles that produce no emissions or CO2. This is a portion of the up to ten electric trucks that DHL Express Japan intends to launch this year.
Market Opportunities and Challenges
Japan's electric truck market is expanding at an unprecedented rate, mostly due to a number of interrelated causes. First, a regional movement towards sustainable transportation solutions has been sparked by environmental concerns. As a result, truck manufacturers are now forced by more stringent pollution rules to investigate electric alternatives, which is driving industry expansion. Additionally, the development of technology has been crucial to the popularity of electric trucks. For example, advancements in battery technology have greatly increased the vehicles' performance and range, resolving one of the main worries of prospective purchasers. Furthermore, fleet operators are finding electric trucks more appealing due to growing understanding of the advantages associated with their lower total cost of ownership. The lower fuel and maintenance costs of electric trucks are the reason for this change in opinion.
The requirement for a strong charging infrastructure is a major obstacle for the market for electric trucks. The widespread use of electric trucks, particularly for long-distance driving, depends on the availability of charging stations. Reducing charging times and increasing the range of electric trucks require advancements in battery technology. Potential users are very concerned about range anxiety, which is the dread of running out of battery power before arriving at their destination. Electric truck battery packs can be heavy, which affects the trucks' overall weight and cargo capability. For manufacturers, the ideal balance between battery size and weight is a difficulty. To assure compatibility and promote the wider use of electric trucks, standardization of charging connectors, battery technology, and communication protocols is vital.
Market Competitive Landscape
A thorough study of the market's competitive environment is also included in the report. The research includes information on competition analysis, including market structure, key player positioning, and top winning tactics, competitive dashboard, and firm evaluation quadrant. All significant companies have also been given thorough profiles. Some of major players are Hino Motors Ltd., Isuzu Motors Limited, Daihatsu Motor Co. Ltd., UD Trucks Corporation, Mitsubishi Fuso Truck and Bus Corporation, SkyDrive, Cocoa Motors, Toyota and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Propulsion, By Range, By Application
|
| Regions covered | Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
|
| Companies Covered | Hino Motors Ltd., Isuzu Motors Limited, Daihatsu Motor Co. Ltd., UD Trucks Corporation, Mitsubishi Fuso Truck and Bus Corporation, SkyDrive, Cocoa Motors, Toyota and various others.
|
COVID-19 Impact on Japan Electric Truck Market
Global supply chains have been disrupted by the epidemic, which has an impact on the availability of parts and supplies required to produce electric trucks. Businesses' purchasing decisions, particularly those pertaining to the adoption of electric trucks, may be influenced by the economic uncertainties and problems resulting from the pandemic. The market for electric trucks may be impacted by government programs and activities pertaining to environmental sustainability, economic recovery, and support for electric vehicles. The market for electric trucks may be impacted by shifts in customer tastes and behaviour as well as heightened awareness of environmental issues. The acceptance of electric trucks is greatly influenced by the development and accessibility of the infrastructure needed for charging. Plans for investing in infrastructure may have been impacted by the pandemic.
Key Target Audience:
- Automotive Manufacturers and OEMs
- Fleet Operators and Logistics Companies
- Government and Regulatory Bodies
- Electric Vehicle Component Manufacturers
- Investors and Financial Institutions
- Environmental and Sustainability Organizations
- End Users and Consumers
- Technology and Innovation Partners
Our in-depth analysis of the Japan Electric Truck Market includes the following segments:
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By Vehicle Type: |
Light-duty Truck
Medium-duty Truck
Heavy-duty Truck
|
|
By Propulsion: |
Battery Electric Truck
Fuel Cell Electric Truck
Hybrid Electric Truck
Plug-in Hybrid Electric Truck
|
|
By Range: |
0-150 Miles
151-300 Miles
Above 300 Miles
|
|
By Application: |
Construction
Logistics
Mining
Municipal
Others
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Key Topics Covered in the Report:
- Japan Electric Truck Market Size (FY’2023-FY’2033)
- Overview of Japan Electric Truck Market
- Segmentation of Japan Electric Truck Market By Vehicle Type (Light-duty Truck, Medium-duty Truck, Heavy-duty Truck)
- Segmentation of Japan Electric Truck Market By Propulsion (Battery Electric Truck, Hybrid Electric Truck, Plug-in Hybrid Electric Truck, Fuel Cell Electric Truck)
- Segmentation of Japan Electric Truck Market By Range (0-150 Miles, 151-300 Miles, Above 300 Miles)
- Segmentation of Japan Electric Truck Market By Application (Logistics, Municipal, Construction, Mining, and Others)
- Statistical Snap of Japan Electric Truck Market
- Expansion Analysis of Japan Electric Truck Market
- Problems and Obstacles in Japan Electric Truck Market
- Competitive Landscape in the Japan Electric Truck Market
- Impact of COVID-19 and Demonetization on Japan Electric Truck Market
- Details on Current Investment in Japan Electric Truck Market
- Competitive Analysis of Japan Electric Truck Market
- Prominent Players in the Japan Electric Truck Market
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japan Electric Truck Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Electric Truck Market Manufacturing Base Distribution, Sales Area, Type, Application
6.2. Mergers & Acquisitions, Partnerships, Type Launch, and Collaboration in Japan Electric Truck Market
7. Japan Luxury Watch Market, By Vehicle Type, 2019-2033 (USD Million)
7.1. Japan Electric Truck Market Value Share and Forecast, By Vehicle Type , 2023-2033
7.2. Light-duty Truck
7.3. Medium-duty Truck
7.4. Heavy-duty Truck
8. Japan Luxury Watch Market, By Propulsion, 2019-2033 (USD Million)
8.1. Japan Electric Truck Market Value Share and Forecast, By Propulsion, 2023-2033
8.2. Battery Electric Truck
8.3. Fuel Cell Electric Truck
8.4. Hybrid Electric Truck
8.5. Plug-in Hybrid Electric Truck
9. Japan Luxury Watch Market, By Range, 2019-2033 (USD Million)
9.1. Japan Electric Truck Market Value Share and Forecast, By Range, 2023-2033
9.2. 0-150 Miles
9.3. 151-300 Miles
9.4. Above 300 Miles
10. Japan Luxury Watch Market, By Application, 2019-2033 (USD Million)
10.1. Japan Electric Truck Market Value Share and Forecast, By Application, 2023-2033
10.2. Construction
10.3. Logistics
10.4. Mining
10.5. Municipal
10.6. Others
11. Japan Electric Truck Market Forecast, 2019-2033 (USD Million)
11.1. Japan Electric Truck Market Size and Market Share
12. Japan Luxury Watch Market, By Vehicle Type , 2019-2033 (USD Million)
12.1. Japan Electric Truck Market Size and Market Share By Vehicle Type (2019-2026)
12.2. Japan Electric Truck Market Size and Market Share By Vehicle Type (2027-2033)
13. Japan Luxury Watch Market, By Propulsion, 2019-2033 (USD Million)
13.1. Japan Electric Truck Market Size and Market Share By Propulsion (2019-2026)
13.2. Japan Electric Truck Market Size and Market Share By Propulsion (2027-2033)
14. Japan Luxury Watch Market, By Range, 2019-2033 (USD Million)
14.1. Japan Electric Truck Market Size and Market Share By Range (2019-2026)
14.2. Japan Electric Truck Market Size and Market Share By Range (2027-2033)
15. Japan Luxury Watch Market, By Application, 2019-2033 (USD Million)
15.1. Japan Electric Truck Market Size and Market Share By Application (2019-2026)
15.2. Japan Electric Truck Market Size and Market Share By Application (2027-2033)
16. Japan Luxury Watch Market, By Region, 2019-2033 (USD Million)
16.1. Japan Electric Truck Market Size and Market Share By Region (2019-2026)
16.2. Japan Electric Truck Market Size and Market Share By Region (2027-2033)
16.2.1. Central/ Chubu Region
16.2.2. Chugoku Region
16.2.3. Hokkaido Region
16.2.4. Kanto Region
16.2.5. Kinki Region
16.2.6. Kyushu-Okinawa Region
16.2.7. Shikoku Region
16.2.8. Tohoku Region
17. Company Profile
17.1. Cocoa Motors
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Type summary
17.1.4. Recent developments
17.2. Daihatsu Motor Co. Ltd.
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Type summary
17.2.4. Recent developments
17.3. Hino Motors Ltd.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Type summary
17.3.4. Recent developments
17.4. Isuzu Motors Limited
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Type summary
17.4.4. Recent developments
17.5. Mitsubishi Fuso Truck and Bus Corporation
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Type summary
17.5.4. Recent developments
17.6. SkyDrive
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Type summary
17.6.4. Recent developments
17.7. UD Trucks Corporation
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Type summary
17.7.4. Recent developments
17.8. Others
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope