Electric Delivery Vans Market is segmented By Propulsion Type (Battery Electric Vans, Hybrid Electric Vans, Plug-in Hybrid Electric Vans, Fuel Cell Electric Vans), By Vehicle Type (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), By Gross Weight (3.5-5 Ton, 6-7.5 Ton, >8 Ton), By Range (0-150 Miles, 151-300 Miles, 300 Miles and Above), By Operation (Manual, Autonomous), By Application (Distribution Services, Field Service, Long Haul Transportation) and By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)
Electric Delivery Van Market size is estimated at USD X Billion in 2021 and is expected to reach USD X Billion by 2032, growing at a CAGR of 21.8% during the forecast period of 2022 to 2032.
The growing demand for low-emission transport and government support for zero-emission transportation or electric commercial vehicles like Electric Delivery Vans through providing subsidies and tax benefits have compelled the EV manufacturers to develop Electric Delivery Vans across the world. The Electric Delivery Vans shares in the global Electric Commercial Vehicles sales have seen a considerable increase. Companies like Rivian, Ford, GM, and Tesla are developing these vans owing to their growing demand in the market.
“Electric delivery vans are battery-powered electric vehicles which are used for delivery of goods. They are powered by lithium-ion batteries and offer instant torque and power. The storage space of electric delivery vans is highly customizable according to the users requirements”. A van can be larger or smaller than a pickup truck, an SUV, and a regular automobile depending on its type. The larger vans with only the front seats are employed for corporate transportation of supplies and machinery and the large step vans are used by courier firms and postal agencies to transport big packages.
Favorable Government Regulations and Policies on Carbon Emissions offer Robust Opportunities
Government regulations on carbon emission and rapid commercialization of zero-emission vehicles are set to boost the demand for Electric Delivery Vehicles. Most governments across the world are going to outlaw the use of old diesel engine delivery vans, which in turn will propel the demand for electric delivery vans globally. Governments are spending huge amounts to develop EV infrastructure, like charging stations to encourage businesses to buy EV delivery vans. Low or no registration fees, exemption from sales taxes, import taxes, and road charges are some other benefits provided by the government.
Long-term Cost-Effectiveness of EVs to Boost Market Growth
The long-term cost-effectiveness of EVs also boosts the market growth. The operating cost of an electric delivery van is 50% less than a fuel-engine conventional van. The falling price of EV batteries resulting from scientific developments and mass production supports the need for cost-effective electric delivery vans as batteries are among the most expensive parts of the van.
Soaring Prices of Petrol & Diesel facilitate the shift to Electric Delivery Vans
The price of petrol and diesel in the international market has been rising over the years which is due to high demand. Since it is a non-renewable resource, it is expected to get exhausted in decades to come. Fluctuating demand and supply of petrol and diesel leads to increasing prices. Many treaties have been formed to control petrol and diesel prices in the international market, but prices have only risen over the years. Petroleum prices have doubled in the past few decades and are expected to grow further due to the Russia-Ukraine war in 2022. This acts as another push in promoting the shift to Electric Delivery Vans to reduce the day-to-day cost of operations, as compared to the high price of using ICE (Internal Combustion Engine) vans.
Rise in Use of E-Commerce Platforms to Fuel the Demand for Electric Parcel Delivery Vans
Major food providers and restaurants are using autonomous electric vans for the delivery of food. The growing consumer trend towards online shopping is driving the transportation of goods and commodities across the globe, which is likely to fuel the electric parcel delivery van market. Major vehicle manufacturers are trying to enhance the output of their electric vehicles and the introduction of the four-speed transmission system is estimated to further drive the electric parcel delivery van market across the globe.
Shortage of Charging Infrastructure to Restraint Market
The factor restraining the evolution and growth of Electric Delivery Vans is low charging densities in many countries due to insufficient EV charging infrastructure. Most countries are planning to develop their EV infrastructure. Commercial Vehicles like Electric Vans need dedicated charging stations while the charging infrastructure of electric commercial vehicles is much more limited than for passenger vehicles. This is mainly due to the low setup rate by third-party providers, as utilization is low if the provider lacks fleet.
Europe & Asia Pacific hold significant shares of the market:
Europe holds a major share of the global Electric delivery van market due to the rapid expansion of logistics and warehouse industries across the region. The enactment of stringent emission norms to reduce pollution augments the regions electric parcel delivery van market. Europe has the presence of major original equipment manufacturers as well as tier-1 suppliers, including Daimler AG who have major facilities that undertake research & development on the electric vehicle, which is likely to propel the electric parcel delivery van market in Europe.
Asia Pacific also holds a significant share of the global Electric delivery van market due to an increase in the adoption of e-commerce and delivery platforms across the region. The rise in the transportation of goods and commodities across the region is likely to boost the Electric delivery van market across this region. Major e-commerce companies are heavily investing in the region for the expansion of their business, which is projected to increase the demand for electric delivery vans.
Top Companies and Recent Strategic Developments:
Some of the major manufacturers responsible for the growth of this market are MAHINDRA & MAHINDRA LTD, Alke, Ford Motor Company, General Motors, Daimler, FCA Italy S.p.A., Renault, Rivian, PEUGEOT, Tata Motors Limited, and Tesla.
• Electric startup Arrival plans to begin delivering its last-mile cargo van powered by a 163-hp engine with a range from 110-210 miles, depending on battery type in late 2022 / early 2023. The van comes with an 11-kW AC onboard charger with DC fast-charging capabilities of up to 120 kW
• Renault launched new variants of MASTER ZE fully electric transport vans. It offers large-mile connectivity in urban areas. It has a vertical grille and covers a large front bumper that stands out as a key design. This incorporates a 3.5-inch TFT digital display. It is available in L2 AND L3 lengths. This has a range of up to 120 kilometers. The ZE 33 lithium-ion battery with a capacity of 33kWh is used in the ZE master. The battery provides energy for the R75 electric motor and delivers 76hp and 225 Nm of maximum torque.
• General Motors is planning to release the EV600, an all-electric vehicle. The van will be the first vehicle under GM’s new BrightDrop commercial business branch. The EV600 will be able to go up to 250 kilometers on a single charge.
• FedEx will receive the first 500 vans. The EV600 is the first commercial vehicle to feature GM’s next-generation Ultium battery system, which the company has spent billions developing as a foundation for future electric vehicles
• Fiat has launched the electric version of its van Ducato. The company has also announced the variants with 2 battery sizes and the price of the e-Ducato to be $73,369 which is twice the ICE vehicles. Amazon in collaboration with Rivian has started delivering packages by electric delivery vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities, and plans to bring thousands of Amazon’s custom electric delivery vehicles in more than 100 cities across the U.S. by 2030.
• Walmart has signed a definitive agreement with Canoo, a high-tech advanced mobility company, to purchase 4,500 all-electric delivery vehicles, to deliver online orders in a sustainable way which will also contribute to Walmarts goal to achieve zero emissions by 2040.
Years considered for this report
• Historical Years: available on request
• Base Year: 2021
• Forecast Period: 2022-2032
Electric Delivery Van Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for application Industries (2022 – 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies
Industry Segmentation and Revenue Breakdown
Propulsion Type Analysis (Revenue, USD Million, 2022 - 2032)
• Battery Electric Vans
• Hybrid-Electric Vans
• Plug-in Hybrid Electric Vans
• Fuel Cell Electric Vans
Vehicle Type Analysis (Revenue, USD Million, 2022 - 2032)
• Light Duty Vehicle
• Medium Duty Vehicle
• Heavy Duty Vehicle
Gross Weight Analysis (Revenue, USD Million, 2022 - 2032)
• 3.5-5 Ton
• 6-7.5 Ton
• >8 Ton
Range Analysis (Revenue, USD Million, 2022 - 2032)
• 0-150 Miles
• 151-300 Miles
• 300 Miles and Above
Operation Analysis (Revenue, USD Million, 2022 - 2032)
Application Analysis (Revenue, USD Million, 2022 - 2032)
• Distribution Services
• Field Service
• Long Haul Transportation
Region Type Analysis (Revenue, USD Million, 2022 - 2032)
• North America (United States, Mexico, and Canada)
• Latin America (Brazil & Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and others)
• Middle East & Africa
• Asia Pacific (China, India, South Korea, Indonesia, Australia, Vietnam, and others)
These brands have competed to maintain their position as the leading seller of Electric Delivery Vans to customers.
• Dongfeng Motor Group Co., Ltd
• BYD Company Ltd
• DAIMLER AG
• Tesla Inc.
• The Volvo Group
• MAN SE
• Workhorse Group
• General Motors Company
• Fiat Automobiles S.p.A.
• Mercedes-Benz Group AG
• Hyundai Motor Company,
• Honda Motor Company Ltd.,
• Nissan Motor Co. ltd,
• Volkswagen AG,
• Stellantis N.V.
•Toyota Motor Corporation
Available Versions of Electric Delivery Van Market Report:
United States Electric Delivery Vans Market Research Report
Europe Electric Delivery Vans Market Research Report
Asia Pacific Electric Delivery Vans Market Research Report
India Electric Delivery Vans Market Research Report
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