Global Electric Van Market Size & Outlook, 2023-2030
The electric van industry worldwide is expected to reach a projected revenue of US$ 32,016.2 million by 2030. A compound annual growth rate of 13.3% is expected of the worldwide electric van industry from 2024 to 2030.
Revenue, 2023 (US$M)
$13,328.8
Forecast, 2030 (US$M)
$32,016.2
CAGR, 2024 - 2030
13.3%
Report Coverage
Worldwide
Global electric van market, 2018-2030 (US$M)
Global electric van market highlights
- The global electric van market generated a revenue of USD 13,328.8 million in 2023 and is expected to reach USD 32,016.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.3% by 2030.
- In terms of segment, battery electric vehicle (bev) accounted for a revenue of USD 13,328.8 million in 2023.
- Battery Electric Vehicle (BEV) is the most lucrative propulsion segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 13,328.8 million |
| Market revenue in 2030 | USD 32,016.2 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Battery electric vehicle (bev) |
| Fastest growing segment | Battery Electric Vehicle (BEV) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Battery Electric Vehicle (BEV) |
Other key industry trends
- In terms of revenue, the North America accounted for 17.2% of the global electric van market in 2023.
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Electric Van Market Scope
Electric van market segmentation & scope
Range
Upto 100 miles
100 to 200 miles
Above 200 miles
Battery
Lithium Ion
Sealed Lead Acid
Nickel Metal Hydride (NiMH)
Application
Commercial
Personal
Countries
U.S.
Canada
Mexico
UK
Denmark
France
Italy
Germany
Spain
Sweden
Norway
Thailand
South Korea
Japan
India
China
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Electric Van Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electric van market size, by regions, 2018-2030 (US$M)
Related industry reports
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