Europe Charging Infrastructure for E-Trucks Market: Current Analysis and Forecast (2023-2030)

Report Description

The Europe Charging Infrastructure for E-Trucks market was valued USD 350 Million and is expected to grow at a strong CAGR of around 30% during the forecast period as there is an increasing adoption of electric commercial vehicles and the push for sustainable transportation solutions. This has led to an upsurge in the number of electric trucks, which in turn is driving the demand for charging infrastructure for e-trucks in Europe. The market is witnessing a shift towards high-power charging solutions to reduce charging times for electric trucks. Ultra-fast charging stations capable of delivering high kilowatt-hours are becoming more prevalent, catering to the needs of long-haul trucking operations. For instance, in April 2023, ABB Group introduced its latest high-power charging solution, capable of delivering up to 500 kW, significantly reducing charging times for electric trucks. The new charger aims to address range anxiety concerns for long-haul trucking operations.

Some of the major players operating in the market include ABB, Siemens, Eaton, Shell Recharge, EVBox, Schneider Electric, BP Pulse, TotalEnergies, Ionity, Fastned, among others. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst charging type, the commercial charging segment charging segment dominated the market during the forecast period.”

Based on charging type, the market is bifurcated into commercial charging and residential charging. Amongst these, the commercial charging segment dominated the market in 2022. Major players in the electric vehicle charging infrastructure sector, such as Electrify Europe and EVBox, have been actively expanding their public charging networks across Europe. These companies have secured partnerships with various stakeholders, including city authorities and private businesses, to deploy more charging stations in key locations. Additionally, several public charging infrastructure providers, such as ABB Group and Fastned, have made significant advancements in ultra-fast charging technology for electric trucks. These developments aim to reduce charging times substantially, addressing a critical concern for commercial electric truck operators.

“Amongst charging speed, fast charging segment is likely to have a major market share”

Based on charging speed, the market is bifurcated into fast charging and slow charging. Fast charging segment is likely to have a major market share in the electric truck charging infrastructure market in Europe. Recent advancements in fast charging technology have improved the efficiency and reliability of high-power charging stations. Companies have been investing in research and development to enhance the capabilities of fast charging infrastructure, making it more appealing to commercial electric truck operators. For instance, in June 2023, ABB Group unveiled its latest ultra-fast charging solution capable of delivering up to 350 kW of power. This advancement significantly reduces charging times for electric trucks, catering to the needs of long-haul trucking operations. The new technology has garnered interest from major logistics companies looking to transition to electric fleets.

Europe Charging Infrastructure for E-Trucks Market Report Coverage

“Germany holds the largest share of the Europe charging infrastructure for e-trucks market in 2022.”

Germany is home to some of the world’s leading automotive manufacturers, including Volkswagen, Daimler, and BMW. As the electric truck market grows, these established companies are likely to play a pivotal role in the production and deployment of electric trucks, further driving the demand for charging infrastructure. For instance, in June 2023, Volkswagen, announced substantial investments in charging infrastructure projects across Germany. This initiative aims to strengthen the charging network and accelerate the adoption of electric trucks manufactured by Volkswagen and other brands under the Volkswagen Group. In addition, in April 2023, BMW, known for its electric passenger vehicles, unveiled innovative charging technology capable of delivering high-power DC charging for electric trucks. The company’s advancements in charging solutions are expected to benefit not only passenger electric vehicles but also the growing electric truck market.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Europe Charging Infrastructure for E-Trucks Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Europe Charging Infrastructure for E-Trucks market were the three major steps undertaken to create and analyze the adoption of trucks in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Europe charging infrastructure for e-trucks market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Europe Charging Infrastructure for E-Trucks market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Europe Charging Infrastructure for E-Trucks market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as charging type, charging speed, and charger type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that state.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Europe charging infrastructure for e-trucks market. Further, we conducted factor analysis using dependent and independent variables such as charging type, charging speed, and charger type of the Europe charging infrastructure for e-trucks market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Europe charging infrastructure for e-trucks market sector.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Europe charging infrastructure for e-trucks market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Europe charging infrastructure for e-trucks market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Europe charging infrastructure for e-trucks market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Europe charging infrastructure for e-trucks market data was split into several segments & sub-segments post studying various parameters and trends in the areas of the charging type, charging speed, charger type in the Europe charging infrastructure for e-trucks market.

The Main Objective of the Europe Charging Infrastructure for E-Trucks Market Study

The current & future market trends of the Europe charging infrastructure for e-trucks market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a state level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Europe Charging Infrastructure for E-Trucks market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the charging type, charging speed, and charger type.
• Define and analysis of the regulatory framework for the Europe Charging Infrastructure for E-Trucks
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Europe Charging Infrastructure for E-Trucks market for the major countries.
• Major countries studied in the report include Germany, UK, Italy, Spain, France, Netherlands, and Rest of Europe.
• Company profile of the Europe Charging Infrastructure for E-Trucks market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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