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Strategic Analysis of the Global Hybrid and Electric Medium- and Heavy-duty Truck Market

  • December 2014
  • 131 pages
  • Frost & Sullivan
Report ID: 2604036

Summary

Table of Contents

In 2022, China is expected to account for more than half of medium- and heavy-duty (hybrid and electric) truck sales

Executive Summary—2013/2022 Outlook

While competition from natural gas and declining crude prices have reduced the attractiveness of hybrid and electric powertrain systems in commercial vehicles (CVs), the long-term regulatory and energy outlook shows promise of a strong resurgence for these systems.

Medium-duty (MD) Truck Market
•In 2013, total sales in the global hybrid and electric MD truck market amounted to around x units.
•OEMs are focusing on hybrid trucks; the all-electric mode is being used for travel within city limits and the hybrid mode is being used for long-distance travel.
•In 2022, sales is anticipated to reach x units.
•The emergence of low-emission and noise-free zones will result in the increasing penetration of fully electric trucks in distribution applications.

Heavy-duty (HD) Truck Market
•In 2013, total sales in the global hybrid and electric HD truck market amounted to around 300 units.
•The refuse segment looks attractive due to the ability of the electric powertrain to function as an auxiliary power source.
•In 2022, sales is likely to reach x units.
•These trucks will penetrate the long-haul segment; catenary trucks will be used in specialized applications and fully electric trucks will be used in refuse applications.

OEM Activities
•Global OEM focus is on Europe and China.
•Vertical integration is prevalent among European OEMs looking to reduce the scope of module suppliers in developed markets.
•As a result of more propulsive power from electric motors, the emphasis is on powertrain downsizing.
•OEMs in developed markets will observe shrinking opportunities and intensifying competition in terms of the development of global hybrid vehicle platforms for deployment across different regions.
•OEM focus will be on the production of electric vehicles (EVs), with local sourcing, to facilitate economies of scale in high-growth markets.

Tier1 Supplier Activities
•Partnerships with OEMs in growth markets, such as China and South East Asia, are helping suppliers leverage the early mover advantage.
•Suppliers are focusing on integrated DC/DC converters and the better thermal management of hybrid technology.
•Motors: Non-permanent magnet (PM) technology; increasing temperature capability
•Power electronics: Module packaging; integration with controllers; reduction in stray inductance; enabling high temperature operation
•Batteries: Advanced Li-ion, Li-air, and Li-S, leading to improvements in energy density, distance per charge, recycling, and deep cycle life

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