Press Releases

The global electric truck chassis market is expected to grow at a CAGR of 32.5% during the forecast period. Electric truck chassis are the foundation of electric truck transportation, serving as a strong framework for the vehicle's propulsion system and other onboard components. The frame structure is made of carbon steel or aluminum alloy and goes through several processes like forging, stamping, and welding. In the case of a separate chassis, the frame consists of structural elements known as rails or beams. Electrically powered truck chassis include double-axle chassis, tri-axle chassis, and four-axle chassis. Steel is a commonly used material for electric truck chassis because it is strong, lightweight, and stiff. During the forecast period, the global truck chassis market is expected to grow significantly due to an increase in demand for electric trucks. Moreover, there is surge in the market demand for long-haul electric trucks owing to increased government emphasis to minimize carbon emissions and meet sustainability goals. Thus, increased funding by the government and tax benefits will propel the market development of electric trucks.

Traditional diesel-powered trucks are significantly less efficient than electric trucks. Comparing electric truck chassis to other types of chassis, electric truck chassis also have less maintenance costs and use less fuel. Due to the rising demand for electric trucks in the commercial and industrial sectors, it is also predicted that the market for electric truck chassis will expand rapidly. The growth during the study period is also being driven by an increase in the number of businesses that offer electric trucks.

In November 2022, BYD Co Ltd, a Chinese automaker, will begin selling two new electric vehicle models in Brazil. According to the Bahia Government, BYD will invest USD 550 million in three plants to build electric bus and truck chassis, as well as electric cars and hybrids, and will also process Brazilian lithium for export to China for use in automobile batteries.

Bowse 73 market data Tables and 45 Figures spread through 230 Pages and in-depth TOC on "Electric Truck Chassis Market by Number of Axles (Double-Axle Chassis, Tri-Axle Chassis, Four-Axle Chassis, and Others), by Chassis Material (Aluminum Alloy, Mild Steel, High-Speed Steel, and Others), by Chassis Type (Backbone Chassis, Ladder Chassis, Monocoque Chassis, Modular Chassis, and Others), by Truck Classification (Light Duty (Class 1 to Class 2), Medium Duty (Class 3 to Class 6), and Heavy Duty (Class 7 & Class 8)), by Installation (Company-Fitted and Retrofitted), and by Region - Global Forecast to 2030

By Chassis Type, the monocoque chassis segment will witness a significant market share during the forecast period.

Based on Chassis Type, the Global Electric Truck Chassis Market is segmented into Backbone Chassis, Ladder Chassis, Monocoque Chassis, Modular Chassis, and Others. The monocoque chassis is expected to grow significantly as it offers safety and better fuel efficiency with minimum emission in the environment. Also, a lightweight structure improves the fuel efficiency of the vehicle and is widely deployed in electric truck chassis.

Global Electric Truck Chassis Market Segmentation Analysis

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“North America is expected to witness significant growth during the forecast period in the global Electric Truck Chassis Market.”

North America is expected to have a significant market share in the electric truck chassis industry owing to the development of the electric vehicle component and expansion of the infrastructure market. Moreover, the increased demand for electric trucks for logistics transport fleet will propel the growth in the region.

Some of the major players in the global Electric Truck Chassis industry include Tata Motors Limited, Mercedes-Benz Group AG, Mahindra and Mahindra, BYD Motors Inc., AB Volvo, PACCAR Inc., Scania, NAVISTAR, Dongfeng Motor Company, and The Ford Motor Company.

Scope of the Report

Global Electric Truck Chassis Market Coverage

Number of Axles Insight and Forecast 2018-2030

• Double-Axle Chassis
• Tri-Axle Chassis
• Four-Axle Chassis
• Others

Chassis Material Insight and Forecast 2018-2030

• Aluminum Alloy
• Mild Steel
• High-Speed Steel
• Others

Chassis Type Insight and Forecast 2018-2030

• Backbone Chassis
• Ladder Chassis
• Monocoque Chassis
• Modular Chassis
• Others

Truck Classification Insight and Forecast 2018-2030

• Light Duty (Class 1 to Class 2)
• Medium Duty (Class 3 to Class 6)
• Heavy Duty (Class 7 & Class 8)

Installation Insight and Forecast 2018-2030

• Company-Fitted
• Retrofitted

Geographical Segmentation

Electric Truck Chassis Market by Region

North America

• By Number of Axles
• By Chassis Material
• By Chassis Type
• By Truck Classification
• By Installation
• By Country – U.S., Canada, and Mexico

Europe

• By Number of Axles
• By Chassis Material
• By Chassis Type
• By Truck Classification
• By Installation
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Number of Axles
• By Chassis Material
• By Chassis Type
• By Truck Classification
• By Installation
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Number of Axles
• By Chassis Material
• By Chassis Type
• By Truck Classification
• By Installation
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries