Singapore Electric Truck Market Outlook (2020-2025) | Share, Value, Companies, Industry, Growth, Trends, Analysis, Revenue, Size, COVID-19 IMPACT & Forecast

Singapore Electric Truck Market report comprehensively covers the market by-charger types, DC charger connector types, DC charger power ratings, and end consumers. Singapore Electric Truck market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Singapore Electric Truck Market Synopsis

Singapore electric vehicle market is predominated by electric cars which account for more than 90% of the total electric vehicles volume share in the country. Although, electric trucks are anticipated to gain significant traction in the coming years with the installation of fast DC charging and expanding electric vehicle charging infrastructure. Heavy-duty trucks require high power chargers and capacity which would get better with the installation and expansion of fast-charging infrastructure in the country. However, the incursion of the COVID-19 pandemic has resulted in a slowdown in the economy during the first half of 2020 further obstructing the growth of the electric vehicle market.

According to 6Wresearch, Singapore Electric Truck market size grew at a CAGR of 24.6% during 2020-2025. Though a majority of the current charging infrastructure in Singapore supply AC current, widespread demand for reduced charging times and gaining preference of network operators for deployment of DC chargers would lead to an increase in the share of DC chargers in the coming years. Extension of Vehicular Emission Scheme (VES) to light commercial vehicles, Early adoption Scheme offering 45 percent rebate on Additional Registration Fee (ARF) to EV buyers from 2021 to 2023 along with less punitive road taxes to promote the adoption of EV in the country are some lucrative schemes announced by the government which would urge the people to buy electric vehicles during this period.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Singapore Electric Truck Market Overview
• Singapore Electric Truck Market Outlook
• Singapore Electric Truck Market Forecast
• Historical Data and Forecast Singapore Electric Truck Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of Singapore Electric Truck Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of Singapore Electric Truck Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of Singapore Electric Truck Market Revenues and Volume, By DC Charger Connector Types, for the Period 2019-2025F
• Historical Data and Forecast of Singapore Electric Truck Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of Singapore Electric Truck Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Singapore Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private