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    Special Purpose Electric Vehicle Market Worth $113.75 Billion and 2.57 Million Units by 2029
    (I-BusinessNews.Com, July 06, 2022 ) Meticulous Researchョ様eading global market research company published a research report titled, Special Purpose Electric Vehicle Market by Type (Electric Sweepers & Scrubbers, Electric Sanitation Trucks, Electric Earthmoving Equipment, Electric Concrete Mixers), Battery Capacity, Application, End User, and Geography宥lobal Forecast to 2029. The special purpose electric vehicle market is expected to grow at a CAGR of 13.1% by value from 2022 to reach $113.75 billion by 2029. By volume, this market is expected to grow at a CAGR of 13.8% from 2022 to reach 2.57 million units by 2029.

    Download Free Sample Report Now @

    The growth of this market is driven by factors such as the growing construction industry in various countries, the increasing investments by municipal corporations, and rising environmental concerns. However, concerns regarding the underutilization of special purpose EVs due to their unsuitability for multi-shift operations and long charging cycles, and high initial investment requirements are expected to hamper the growth of this market. Furthermore, the increasing requirement for safe working environments and low maintenance costs of special purpose EVs are expected to create significant growth opportunities for the growth of this market.

    Impact of COVID-19 on the Special Purpose Electric Vehicle Market

    The outbreak of the COVID-19 pandemic significantly impacted public health and businesses globally. Governments worldwide imposed lockdowns and curfews, consequently shutting down on-premise business processes and manufacturing operations to curb the spread of infection, disrupting supply chains and production schedules globally.

    The economic slowdown significantly disrupted the automotive industry, causing a rapid decline in the sale of special purpose electric vehicles. However, various government initiatives and increasing investments by companies are contributing to the growth of this market, which is expected to help overcome the impact of COVID-19 on the special purpose EV market.

    Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:

    Scope of the Report:

    Special Purpose EV Market, by Type

    Electric Sweepers & Scrubbers
    Electric Sanitation Trucks
    Electric Earthmoving Equipment
    Electric Excavators
    Electric Wheel Loaders
    Electric Crawler Cranes
    Electric Bulldozers
    Other Electric Earthmoving Equipment
    Electric Concrete Mixers
    Electric Tractors
    Electric Forklifts
    Electric Automated Guided Vehicles (AGVs)
    Pallet Stackers
    Pallet Trucks
    Special Purpose EV Market, by Battery Capacity

    Below 10 kW
    12.5 kW to 100 kW
    Above 100 kW
    Special Purpose EV Market, by Application

    Railway Stations
    Mining Sites
    Construction Sites
    Logistics Companies
    Commercial Spaces
    Other Applications
    Special Purpose EV Market, by End User

    Commercial End Users
    Special Purpose EV Market, by Geography

    Asia-Pacific (APAC)
    South Korea
    Rest of Asia-Pacific (RoAPAC)
    Rest of Europe (RoE)
    North America
    Latin America
    Middle East & Africa

    To gain more insights into the market with a detailed table of content and figures, click here:

    Based on geography, in 2022, Asia-Pacific is estimated to account for the largest share of the special purpose electric vehicles market. Asia-Pacific痴 large market share is attributed to the increasing demand for EVs and charging facilities, the growing number of electric mobility start-ups offering numerous solutions & services, and the rising number of government initiatives to develop charging infrastructure. However, Europe is expected to register the fastest growth by value during the forecast period.

    Some of the key players operating in the special purpose electric vehicles market are Anhui Airuite New Energy Special Purpose Vehicle Co., Ltd. (France), Dulevo International S.p.A. (Italy), Aebi Schmidt Group (Zrich), AB Volvo (Sweden), Liebherr-International Deutschland GmbH (Germany), Hyster-Yale Materials Handling, Inc.(U.S.), Linde Material Handling GmbH (Germany), Toyota Material Handling, Inc. (U.S.), Jungheinrich AG (Germany), Mitsubishi Logisnext Europe B.V. (Netherlands), J C Bamford Excavators Ltd (U.K.), Big Lift, LLC (U.S.), Crown Equipment Corporation (U.S.), Mighty Lift, Inc. (U.S.), and HUBTEX Maschinenbau GmbH & Co. KG (Germany).

    Download Free Sample Report Now @

    Meticulous Research


    +91 744-7780008

    Source: EmailWire.Com


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