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.
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.
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
| 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
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
08-Nov-2022
North America
Frost Radar
