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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
Even if they have some limitations in terms of their capabilities, power, and range, battery-electric vehicles, or BEVs, are nothing new in and of themselves.
However, the types of batteries required to move large, heavy vehicles such as trucks over long distances with heavy loads, or to power construction equipment in shaping structures and infrastructure and transporting massive amounts of material, are relatively new. Additionally, they are always evolving.
Although they are frequently just referred to as batteries, battery arrays or battery packs may be a more accurate description. They may also be referred to as traction batteries or electric vehicle batteries. Each is made up of hundreds, even thousands, of lithium-ion cells connected in packs and modules.
The battery packs must be created and developed in a manner which is sustainable
The Europe Electric truck battery market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
The first battery assembly facility for Volvo Trucks is going to be established. The plant, which is based in Ghent, Belgium, will provide fully assembled batteries for Volvo Vehicles' heavy-duty electric trucks.
Samsung SDI's cells and modules will be combined in the new battery plant to create battery packs specifically designed for Volvo Trucks' heavy-duty electric lineup: Volvo FH, Volvo FM, and Volvo FMX.
The user can opt to have up to six battery packs (540 kWh) in a truck, each with a capacity of 90 kWh. The quantity of batteries is determined by the individual range and load capacity requirements of each customer.
The batteries used by Volvo Trucks are made to be repaired, upgraded, and utilised in the future. The energy used to run the facility is entirely renewable.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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