Frost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024
Published on: 30-Oct-2024 | SKU: AU_2024_1107

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The four megatrends driving transformation in the commercial vehicle (CV) industry are connected, autonomous, shared, and electric (CASE). Digital transformation through CV innovation will help to achieve a cleaner, safer, and more sustainable environment, with a proliferation of electric CVs expected in the upcoming decade.

Tesla, Nikola Motors, and XoS Trucks are the Growth Index leaders on this Frost Radar™. These companies demonstrate technological credibility, robust product portfolios, and wide networks of sales and distribution partners to ensure a sustainable market presence.

Tesla, Terraline, and Lion Electric are the Innovation Index leaders. These companies demonstrate high levels of technological innovation, more patents, and novel ideas and concepts to disrupt the industry.

Tesla’s massive investment in research, aggressive implementation plans, and technical superiority position it as the undisputed leader driving the automotive industry’s shift toward electrification. Electric start-up Nikola Motors distinguishes itself with its goal to create a hydrogen-based transportation ecosystem, covering sales, hydrogen fueling stations, and maintenance.

Workhorse, Motiv Electric Trucks, and Bollinger Motors each report healthy growth rates and innovation in key areas and merit being mentioned on the Frost Radar™.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Strategic Imperative

Growth Environment

Frost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024

Frost Radar™ Competitive Environment

Bollinger Motors

Bollinger Motors (continued)

Bollinger Motors (continued)

Lion Electric

Lion Electric (continued)

Lion Electric (continued)

Motiv Electric Trucks

Motiv Electric Trucks (continued)

Motiv Electric Trucks (continued)

Nikola Motors

Nikola Motors (continued)

Nikola Motors (continued)

Terraline

Terraline (continued)

Terraline (continued)

Tesla

Tesla (continued)

Tesla (continued)

Workhorse

Workhorse (continued)

Workhorse (continued)

XoS Trucks

XoS Trucks (continued)

XoS Trucks (continued)

Best Practices

Growth Opportunities

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Next Steps

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

The four megatrends driving transformation in the commercial vehicle (CV) industry are connected, autonomous, shared, and electric (CASE). Digital transformation through CV innovation will help to achieve a cleaner, safer, and more sustainable environment, with a proliferation of electric CVs expected in the upcoming decade. Tesla, Nikola Motors, and XoS Trucks are the Growth Index leaders on this Frost Radar . These companies demonstrate technological credibility, robust product portfolios, and wide networks of sales and distribution partners to ensure a sustainable market presence. Tesla, Terraline, and Lion Electric are the Innovation Index leaders. These companies demonstrate high levels of technological innovation, more patents, and novel ideas and concepts to disrupt the industry. Tesla s massive investment in research, aggressive implementation plans, and technical superiority position it as the undisputed leader driving the automotive industry s shift toward electrification. Electric start-up Nikola Motors distinguishes itself with its goal to create a hydrogen-based transportation ecosystem, covering sales, hydrogen fueling stations, and maintenance. Workhorse, Motiv Electric Trucks, and Bollinger Motors each report healthy growth rates and innovation in key areas and merit being mentioned on the Frost Radar . Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar . The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Marshall Martin
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Electric Heavy Duty Trucks Market
Keyword 2 Medium Duty Electric Trucks
Keyword 3 Electric Commercial Vehicles Market
Podcast No
WIP Number KB04-01-00-00-00

Frost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024

AutomotiveFrost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
30-Oct-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KB04-01-00-00-00
SKU: AU_2024_1107
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU_2024_1107