Prepared for francis w. | Delivered March 24, 2020
Truck Battery Leasing
To determine the truck battery rental market size in the US.
While information on battery production and even use of batteries in trucks is available, information on battery rental is not. We were only able to find one report throughout our research that talked about the battery rental market but it was behind a paywall. It can be accessed through this l
We also found another report, which was helpful in determining
top players in EV battery renting in general. Those include
, Tesla, Daimler AG, RCI Bank and Services, BJEV,
, and Honeywell International.
According to Fortune Business Insights, the global electric battery market was worth
in 2018 and will reach over $114.1 billion by 2026, growing at a CAGR of 6.8%.
The regions occupying the largest market share are
China, Europe and North America
, with China occupying the largest share of the market.
Europe's market was estimated at
in 2018, accounting for the
share of the market at 33.82% (22.76 billion / 67.3 billion x 100).
While it was stated that North America was the
third biggest geographic region
for EV batteries, the report did not state the percentage it occupied from the total market.
When it comes to trucks specifically, the electric battery demand was estimated to be around
for 2019, with light and medium-duty trucks making 98% of the total demand.
Renault, Nissan, and StreetScooter
account for the largest share in electric battery production, excluding Chinese companies.
The electric truck battery segment is expected to show steady and significant growth in the next 3-5 years, driven mainly by
and increased demand.
It is expected that there will be over
n sold electric battery units in 2025.
4676 assignments | 5.0