Frost Radar™: North American Electric Medium and Heavy Duty Truck Market, 2022
Published on: 08-Nov-2022 | SKU: AU02432-NA-MR_27087

Need more details?
$4,950.00
DownloadLink
Need more details?

As the North American transportation and mobility sector transitions toward electrification in the next decade, new opportunities and demand for greener powertrain alternatives will surface. The biggest opportunities lie in battery electric technology to expedite the adoption of cleaner, more sustainable transportation.

Many new participants entering the electric medium and heavy-duty truck space are drawn to the sheer potential in volume and viable business cases for early adoption of electrification. Numerous new OEMs are also entering the electric medium and heavy-duty truck space attracted by the scope on offer to eliminate carbon emissions. Trucks are one of the largest contributors to transportation-related CO2 emissions. Hence, the industry offers great potential in tackling this problem.

While legacy OEMs dominate development, there are noteworthy startups building electric trucks from scratch and introducing fresh, dedicated platforms for electrification that make trucks highly efficient.OEMs, component suppliers, and raw material providers need to collaborate to produce greener, more technologically feasible, and financially viable transportation modes for customers.

Industry stakeholders are working together to provide customers with vital end-to-end solutions. Improving battery chemistry and properties to
lower costs and increase energy density will play a big role in accelerating the electrification potential of vehicles used in heavy-duty applications Frost & Sullivan identified 8 companies disrupting the emerging North American electric medium and heavy-duty truck market with their cutting-edge innovation, groundbreaking technology, strong partnerships, and strategic product positioning. They are Tesla, Nikola Motor, XoS Trucks,
Lion Electric, SEA Electric, Zeus Electric Chassis, Phoenix Motorcars, and Solo AVT. These companies either have a presence or are preparing to commercially launch electric trucks on North American roads in the near term.

Key Issues Addressed:

  • Which are North America's major startups in the electric medium and heavy-duty truck space?
  • What are these companies' growth and innovation strategies over the forecast period?
  • Which applications and verticals are these companies present in?  
  • Which customers do these companies target?
  • How do these companies stack up against each other in terms of innovation and growth outlook?

Author: Marshall Martin 

The Strategic Imperative

The Growth Environment

The Growth Environment (continued)

Frost Radar™: North American Electric Medium and Heavy-duty Truck Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Lion Electric

Nikola Motor

Phoenix Motorcars

SEA Electric

Solo AVT

Tesla

XoS Trucks

Zeus Electric Chassis

Strategic Insights

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

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

As the North American transportation and mobility sector transitions toward electrification in the next decade, new opportunities and demand for greener powertrain alternatives will surface. The biggest opportunities lie in battery electric technology to expedite the adoption of cleaner, more sustainable transportation. Many new participants entering the electric medium and heavy-duty truck space are drawn to the sheer potential in volume and viable business cases for early adoption of electrification. Numerous new OEMs are also entering the electric medium and heavy-duty truck space attracted by the scope on offer to eliminate carbon emissions. Trucks are one of the largest contributors to transportation-related CO2 emissions. Hence, the industry offers great potential in tackling this problem. While legacy OEMs dominate development, there are noteworthy startups building electric trucks from scratch and introducing fresh, dedicated platforms for electrification that make trucks highly efficient.OEMs, component suppliers, and raw material providers need to collaborate to produce greener, more technologically feasible, and financially viable transportation modes for customers. Industry stakeholders are working together to provide customers with vital end-to-end solutions. Improving battery chemistry and properties to lower costs and increase energy density will play a big role in accelerating the electrification potential of vehicles used in heavy-duty applications Frost & Sullivan identified 8 companies disrupting the emerging North American electric medium and heavy-duty truck market with their cutting-edge innovation, groundbreaking technology, strong partnerships, and strategic product positioning. They are Tesla, Nikola Motor, XoS Trucks, Lion Electric, SEA Electric, Zeus Electric Chassis, Phoenix Motorcars, and Solo AVT. These companies either have a presence or are preparing to commercially launch electric trucks on North American roads in the near term.--BEGIN PROMO--

Key Issues Addressed:

  • Which are North America's major startups in the electric medium and heavy-duty truck space
  • What are these companies' growth and innovation strategies over the forecast period
  • Which applications and verticals are these companies present in  
  • Which customers do these companies target
  • How do these companies stack up against each other in terms of innovation and growth outlook

Author: Marshall Martin 

More Information
New Title Electric Truck Market–Growthopportunities,Analysis,Forecast,North America,2022
New Subtitle A Benchmarking System To Spark Companies To Action - Innovation That Fuels New Deal Flow And Growth Pipelines,North America Electric Truck Market,Heavy Duty Truck Market,Electric Medium Duty Truck Market
Deliverable Type Frost Radar
Author Marshall Martin
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PE02-01-00-00-00

Frost Radar™: North American Electric Medium and Heavy Duty Truck Market, 2022

AutomotiveElectric Truck Market–Growthopportunities,Analysis,Forecast,North America,2022

A Benchmarking System To Spark Companies To Action - Innovation That Fuels New Deal Flow And Growth Pipelines,North America Electric Truck Market,Heavy Duty Truck Market,Electric Medium Duty Truck Market

RELEASE DATE
08-Nov-2022
REGION
North America
Deliverable Type
Frost Radar
Research Code: PE02-01-00-00-00
SKU: AU02432-NA-MR_27087
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02432-NA-MR_27087