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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Freight Truck refers to truck with a Gross Vehicle Weight Rating greater than 33,000 lbsused for transportation of goods from one place to another place by road. These Freight trucks are useful in long distance transportation, heavy material transfer.
Freight trucks will travel from manufacturing units to warehouses, retailers and other transportation places. There are different kinds of freight trucks available in the market.
The Europe Truck Freight Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
| Sl. No. | Company | Year | Development |
| DAF | March, 2022 |
the delivery of 5 battery-electric CF Electric trucks to Amazon UK. | |
| Daimler | April, 2022 |
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| Iveco | April, 2022 |
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As sales of heavy battery electric trucks begin to pick up, the international trucking industry is undergoing a transformation toward more sustainable transportation, with Europe leading the way. In commercial traffic, a rising number of heavy all-electric vehicles are presently on the road. According to market research, Switzerland, Norway, Sweden, and the Netherlands are the European countries with the most electric trucks registered (16 tonnes).
They are committed to spearheading the electric truck revolution, as evidenced by their market-leading position in Europe. Even while volumes are still low, they are seeing a rapid increase in interest in Europe, North America, and other parts of the world.They believe that providing electric, zero-emission transportation is becoming a crucial competitive advantage.Volvo Trucks became one of the first truck brands in the world to begin serial production of electric trucks in 2019.
Volvo will have the most comprehensive electric line-up in the worldwide truck market when production of the heavy-duty all-electric models Volvo FH, Volvo FM, and Volvo FMX begins this fall. In Europe, North America, and Australia, Volvo has delivered electric vehicles to a diverse spectrum of clients. The corporation wants half of its total truck sales to be electrified.
Volvo Vehicles and DHL Freight have teamed up to accelerate the rollout of heavy-duty electric trucks for regional transport in Europe. Both firms are working together to conduct the world's first pilot testing of a fully electric Volvo FH truck with gross combined weights up to 60 tonnes. The vehicle will travel around 150 kilometres between two DHL Freight logistics sites in Sweden.
Volvo and DHL will gather valuable expertise and knowledge about the setup and management of an adequate charging infrastructure during the trial. The information gathered will aid in the optimization of the operating distance, load weight, and charging sites in daily road freight operations.
Their goal is to eliminate all logistics-related emissions. A number of significant milestones have already been reached. Along the way, they will require creative technical solutions and solid relationships. They are sure that their excellent partnership with Volvo Trucks, one of the world's leading truck manufacturers, will help them achieve ambitious environmental targets in the road freight industry.
The transportation industry is rapidly changing, and being environmentally friendly is becoming a more essential business benefit for many of their customers. They provide efficient transportation solutions that aid in the rapid transition to fossil-free fuels like electricity.
They've worked with DHL for a long time. Their extensive and global logistics expertise enables them to research the best conditions for moving forward with this technological transformation, tailoring it to the needs of their customers and the sort of transportation they provide.
| 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, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 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, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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