Electric Logistics Vehicle Market Size, Share, Trends, Growth Outlook

Electric Logistics Vehicle Market is estimated to increase at a growth rate of 25.8% CAGR over the forecast period from 2024 to 2030.

The global Electric Logistics Vehicle Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Light Electric Vehicles, Heavy Electric Vehicles), By Battery (Lead-Acid, Lithium-Ion), By Application (Express Postal Service, Online Retailers, Others), By End-User (Transportation & Logistics, Government, Retail & E-Commerce, Food & Beverages, Others).

An Introduction to Global Electric Logistics Vehicle Market, 2024

The electric logistics vehicle market is experiencing rapid growth in 2024, driven by the increasing demand for sustainable and efficient last-mile delivery solutions in urban areas worldwide. Electric logistics vehicles, also known as e-vans or e-trucks, are battery-powered vehicles designed specifically for transporting goods and parcels in urban environments, offering zero-emission operation, reduced noise pollution, and lower operating costs compared to conventional diesel-powered vehicles. With the growing emphasis on environmental sustainability, congestion reduction, and urban mobility solutions, logistics companies, e-commerce platforms, and delivery services are electrifying their fleets and investing in electric logistics vehicles to meet regulatory requirements, reduce carbon emissions, and enhance their brand image. Moreover, advancements in electric vehicle technology, battery energy density, and charging infrastructure are extending the range, improving the efficiency, and reducing the downtime of electric logistics vehicles, enabling seamless and reliable delivery operations in dense urban areas. As cities implement stricter emissions regulations and incentivize the adoption of electric vehicles, the electric logistics vehicle market continues to expand, offering sustainable transportation solutions that meet the evolving needs of urban logistics and last-mile delivery services.

Electric Logistics Vehicle Competitive Landscape

The global Electric Logistics Vehicle market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Electric Logistics Vehicle Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Electric Logistics Vehicle Market Industry include- BAIC Motor Corp Ltd, BYD Company Ltd, Chongqing Lifan Industry (Group) Co. Ltd, Dongfeng Motor Corp, Global Electric Motorcars Llc, Guohong Group Co. Ltd, Smith Electric Vehicles, StreetScooter GmbH.

Electric Logistics Vehicle Market Trend: Increasing Adoption of Last-Mile Delivery Solutions

A prominent trend in the Electric Logistics Vehicle Market is the increasing adoption of last-mile delivery solutions. With the exponential growth of e-commerce and online shopping, there is a rising demand for efficient and sustainable logistics solutions to handle the last leg of delivery to customers' doorsteps. Electric logistics vehicles, such as electric vans and trucks, offer a viable solution to meet the unique requirements of urban and suburban delivery operations. These vehicles are specifically designed for short-distance travel, often with zero emissions, low noise levels, and compact dimensions, making them well-suited for navigating congested city streets and residential neighborhoods. As companies prioritize environmentally friendly and cost-effective delivery options, the adoption of electric logistics vehicles for last-mile delivery is expected to increase, driving market growth and innovation in the Electric Logistics Vehicle Market.

Electric Logistics Vehicle Market Driver: Regulatory Incentives and Environmental Policies

A key driver propelling the Electric Logistics Vehicle Market is the implementation of regulatory incentives and environmental policies aimed at reducing emissions and promoting the adoption of electric vehicles (EVs) in the transportation sector. Governments and regulatory authorities worldwide are introducing a range of measures, such as subsidies, tax incentives, and emission regulations, to encourage the transition towards cleaner and greener transportation solutions. In many urban areas, there are restrictions on diesel-powered vehicles and incentives for electric vehicle adoption, particularly for commercial fleets and delivery vehicles operating in city centers. Additionally, environmental policies aimed at reducing air pollution and greenhouse gas emissions further drive the demand for electric logistics vehicles as companies seek to comply with regulatory requirements and demonstrate corporate social responsibility. As governments continue to implement supportive policies and incentives, the Electric Logistics Vehicle Market experiences increased demand for electric vans and trucks, sustaining market growth and opportunity.

Electric Logistics Vehicle Market Opportunity: Development of Charging Infrastructure Solutions

An opportunity within the Electric Logistics Vehicle Market lies in the development of charging infrastructure solutions tailored for commercial fleet operations. With the increasing adoption of electric logistics vehicles, there is a growing need for reliable and efficient charging infrastructure to support fleet operations and ensure uninterrupted vehicle availability. Manufacturers and service providers can capitalize on this opportunity by offering comprehensive charging solutions, including fast-charging stations, depot charging systems, and smart grid integration technologies. Additionally, there is potential to develop innovative charging management platforms and software solutions that enable fleet operators to monitor charging status, optimize charging schedules, and manage energy costs effectively. By addressing the infrastructure challenges associated with electric logistics vehicles, manufacturers can facilitate the widespread adoption of electric fleets and contribute to the transition towards sustainable urban mobility, creating new opportunities for growth and market expansion in the Electric Logistics Vehicle Market.

Electric Logistics Vehicle Market Segmentation

By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
OthersGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Electric Logistics Vehicle Companies

BAIC Motor Corp Ltd
BYD Company Ltd
Chongqing Lifan Industry (Group) Co. Ltd
Dongfeng Motor Corp
Global Electric Motorcars Llc
Guohong Group Co. Ltd
Smith Electric Vehicles
StreetScooter GmbH
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Electric Logistics Vehicle Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Electric Logistics Vehicle Market Size Outlook, $ Million, 2021 to 2030
3.2 Electric Logistics Vehicle Market Outlook by Type, $ Million, 2021 to 2030
3.3 Electric Logistics Vehicle Market Outlook by Product, $ Million, 2021 to 2030
3.4 Electric Logistics Vehicle Market Outlook by Application, $ Million, 2021 to 2030
3.5 Electric Logistics Vehicle Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Electric Logistics Vehicle Industry
4.2 Key Market Trends in Electric Logistics Vehicle Industry
4.3 Potential Opportunities in Electric Logistics Vehicle Industry
4.4 Key Challenges in Electric Logistics Vehicle Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Electric Logistics Vehicle Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Electric Logistics Vehicle Market Outlook by Segments
7.1 Electric Logistics Vehicle Market Outlook by Segments, $ Million, 2021- 2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

8 North America Electric Logistics Vehicle Market Analysis and Outlook To 2030
8.1 Introduction to North America Electric Logistics Vehicle Markets in 2024
8.2 North America Electric Logistics Vehicle Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Electric Logistics Vehicle Market size Outlook by Segments, 2021-2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

9 Europe Electric Logistics Vehicle Market Analysis and Outlook To 2030
9.1 Introduction to Europe Electric Logistics Vehicle Markets in 2024
9.2 Europe Electric Logistics Vehicle Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Electric Logistics Vehicle Market Size Outlook by Segments, 2021-2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

10 Asia Pacific Electric Logistics Vehicle Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Electric Logistics Vehicle Markets in 2024
10.2 Asia Pacific Electric Logistics Vehicle Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Electric Logistics Vehicle Market size Outlook by Segments, 2021-2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

11 South America Electric Logistics Vehicle Market Analysis and Outlook To 2030
11.1 Introduction to South America Electric Logistics Vehicle Markets in 2024
11.2 South America Electric Logistics Vehicle Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Electric Logistics Vehicle Market size Outlook by Segments, 2021-2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

12 Middle East and Africa Electric Logistics Vehicle Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Electric Logistics Vehicle Markets in 2024
12.2 Middle East and Africa Electric Logistics Vehicle Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Electric Logistics Vehicle Market size Outlook by Segments, 2021-2030
By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
BAIC Motor Corp Ltd
BYD Company Ltd
Chongqing Lifan Industry (Group) Co. Ltd
Dongfeng Motor Corp
Global Electric Motorcars Llc
Guohong Group Co. Ltd
Smith Electric Vehicles
StreetScooter GmbH

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Light Electric Vehicles
Heavy Electric Vehicles
By Battery
Lead-Acid
Lithium-Ion
By Application
Express Postal Service
Online Retailers
Others
By End-User
Transportation & Logistics
Government
Retail & E-Commerce
Food & Beverages
Others