Asia Pacific Electric Van Market Size & Outlook, 2023-2030
The electric van market in Asia Pacific is expected to reach a projected revenue of US$ 17,623.5 million by 2030. A compound annual growth rate of 13.9% is expected of Asia Pacific electric van market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,080.3
Forecast, 2030 (US$M)
$17,623.5
CAGR, 2024 - 2030
13.9%
Report Coverage
Asia Pacific
Asia Pacific electric van market, 2018-2030 (US$M)
Asia Pacific electric van market highlights
- The Asia Pacific electric van market generated a revenue of USD 7,080.3 million in 2023.
- The market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, battery electric vehicle (bev) was the largest revenue generating propulsion in 2023.
- Battery Electric Vehicle (BEV) is the most lucrative propulsion segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,080.3 million |
| Market revenue in 2030 | USD 17,623.5 million |
| Growth rate | 13.9% (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) |
| Key market players worldwide | Mercedes-Benz Group AG, Ford Motor Co, Rivian, Nissan Motor Co Ltd, Volkswagen AG, Stellantis NV, Renault SA, BYD Co Ltd ADR, MAN Truck & Bus, Volvo Car AB Class B |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 53.1% of the global electric van market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,623.5 million by 2030.
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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 |
|---|
Asia Pacific electric van market
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