Global Heavy-duty Electric Trucks Market Size & Outlook
Global heavy-duty electric trucks market, 2021-2033 (US$M)
Related Markets
Global heavy-duty electric trucks market highlights
- The global heavy-duty electric trucks market generated a revenue of USD 1,933.2 million in 2025 and is expected to reach USD 6,448.8 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 15.1% by 2033.
- In terms of segment, class 7 accounted for a revenue of USD 1,504.3 million in 2025.
- Class 8 is the most lucrative vehicle class segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 1,933.2 million |
| Market revenue in 2033 | USD 6,448.8 million |
| Growth rate | 15.1% (CAGR from 2026 to 2033) |
| Largest segment | Class 7 |
| Fastest growing segment | Class 8 |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Class 7, Class 8 |
Other key industry trends
- In terms of revenue, the North America accounted for 2.5% of the global heavy-duty electric trucks market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 40.1 million by 2033.
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Heavy-duty Electric Trucks Market Scope
Heavy-duty Electric Trucks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SAIC HONGYAN Automotive | View profile | 5001-10000 | Yubei, Chongqing, China, Asia | http://www.hytruck.com |
| Tevva | View profile | 251-500 | Tilbury, Thurrock, United Kingdom, Europe | http://www.tevva.com |
| Kenworth | View profile | 5001-10000 | Port St. Lucie, Florida, United States, North America | http://www.kenworth.com/ |
| Nikola Motor Company | View profile | 1001-5000 | Phoenix, Arizona, United States, North America | https://nikolamotor.com |
| Daimler Trucks | View profile | 51-100 | Adelaide, South Australia, Australia, Oceania | https://www.daimlertrucksadelaide.com.au |
| DAF Trucks | View profile | 10001+ | Eindhoven, Noord-Brabant, The Netherlands, Europe | http://www.daf.com/ |
| Scania | View profile | 10001+ | Södertälje, Vasternorrlands Lan, Sweden, Europe | https://www.scania.com |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| Navistar | View profile | 10001+ | Lisle, Illinois, United States, North America | http://www.navistar.com |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
Global heavy-duty electric trucks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heavy-duty electric trucks market will help companies and investors design strategic landscapes.
Class 7 was the largest segment with a revenue share of 77.81% in 2025. Horizon Databook has segmented the Global heavy-duty electric trucks market based on class 7, class 8 covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Heavy-duty Electric Trucks Vehicle Class Outlook (Revenue, USD Million, 2021-2033)
- Class 7
- Class 8
- Global Heavy-duty Electric Trucks Propulsion type Outlook (Revenue, USD Million, 2021-2033)
- BEV
- PHEV
- HEV
- Global Heavy-duty Electric Trucks Application Outlook (Revenue, USD Million, 2021-2033)
- Logistics & Delivery
- Construction
- Waste Mangement
- Others
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Target buyers of Global heavy-duty electric trucks market databook
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Our clientele includes a mix of heavy-duty electric trucks market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global heavy-duty electric trucks market , including forecasts for subscribers. This global databook contains high-level insights into Global heavy-duty electric trucks market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global heavy-duty electric trucks market size, by regions, 2021-2033 (US$M)
Top 10 countries: Heavy-duty electric trucks market size, 2025 (US$M)
Global heavy-duty electric trucks market share, by vehicle class, 2025 & 2033 (%, US$M)
Heavy-duty electric trucks market: Opportunity assessment by country
Global heavy-duty electric trucks market, by region, 2025 (US$M)
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