(PRWEB) June 19, 2014
Those selling components for electric vehicles and those wishing to make the vehicles themselves must seek where the majority of the money is spent and will be spent. That must lead them to industrial and commercial electric vehicles because today these represent 60% of the value of the electric vehicle market. Indeed, this sector is set to grow 4.2 times in the next decade. Industrial and commercial electric vehicles include heavy industrial vehicles, the term referring to heavy lifting, as with forklifts.
Then we have buses, trucks, taxis and the other light industrial and commercial vehicles. There are also a few work boats and commercial boats and one day there will be commercial electric aircraft but this is really a story about the burgeoning demand for off-road industrial vehicles and on-road commercial vehicles. In particular, industrial electric vehicles make industry more efficient and commercial electric vehicles reduce congestion. Both of them greatly reduce pollution and align closely with government objectives concerning industry and the environment, yet they minimally depend on subsidy, in contrast with some other electric vehicle types.
This report covers the technical and market trends for industrial and commercial vehicles whether hybrid or pure electric, putting it in the context of electric vehicles overall and including the activities of a host of manufacturers of the vehicles and their components and even providing future technological development roadmaps.
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The market for electric industrial vehicles is already large because, by law, forklifts have to be electric when used indoors. Little growth remains in this market but outdoors almost all earthmoving and lifting vehicles use the conventional internal combustion engine. That is about to change dramatically because hybrid electric versions reduce cost of ownership and exposure to price hikes with fossil fuels. Hybrids increasingly perform better as well, with more power from stationary, ability to supply electricity to other equipment and other benefits including less noise and pollution. On the other hand, airports, often government owned or funded, are under great pressure to finish converting their Ground Support Equipment GSE to pure electric versions both on and off the tarmac partly using federal grants.
Table of Contents
1. EXECUTIVE SUMMARY AND CONCLUSIONS
1.1. Scope of the report
1.2. Categories and trends
1.3. Forecasts 2013-2024
1.4. Market drivers
1.4.2. Importance of battery price
1.5. Numbers of manufacturers
1.6. Full circle back to pure EVs
1.7. Key components
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2.1. Definitions and scope of this report
2.1.1. Learning from the past
2.2. Hybrid and pure electric vehicles compared
2.3. Hybrid electric vehicles
3. MARKET DRIVERS FOR INDUSTRIAL AND COMMERCIAL EVS
3.1. Trends for all types of vehicle
3.1.1. Peak car and light truck - different electric vehicles needed
3.1.2. Market drivers for electric industrial and commercial vehicles
3.2. Hybrid market drivers
4. HEAVY INDUSTRIAL EVS
4.1. What is included
4.3. Listing of manufacturers
4.3.1. Statistics for all types of industrial lift truck
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