Europe Electric Trucks Market Size & Outlook, 2026-2033
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Europe electric trucks market highlights
- The Europe electric trucks market generated a revenue of USD 5,191.3 million in 2025.
- The market is expected to grow at a CAGR of 21.5% from 2026 to 2033.
- In terms of segment, light duty trucks was the largest revenue generating vehicle type in 2025.
- Medium Duty Trucks is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 5,191.3 million |
| Market revenue in 2033 | USD 26,644.3 million |
| Growth rate | 21.5% (CAGR from 2026 to 2033) |
| Largest segment | Light duty trucks |
| Fastest growing segment | Medium Duty Trucks |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks |
Other key industry trends
- In terms of revenue, Europe region accounted for 13.2% of the global electric trucks market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 9,425.2 million by 2033.
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Electric Trucks Market Scope
Electric Trucks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FAW Group | View profile | 10001+ | Changchun, Jilin, China, Asia | http://www.faw.com/ |
| Foton | View profile | 101-250 | Cuajimalpa, Tabasco, Mexico, North America | https://www.foton.mx |
| Dongfeng Motor Corporation | View profile | 501-1000 | Wuhan, Hubei, China, Asia | http://www.dfmc.com.cn |
| Isuzu Motors | View profile | 251-500 | Anaheim, California, United States, North America | http://www.isuzu.com/ |
| Scania | View profile | 10001+ | Södertälje, Vasternorrlands Lan, Sweden, Europe | https://www.scania.com |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| Daimler Truck Holding AG ADR | View profile | 104213 | Fasanenweg 10, Leinfelden-Echterdingen, BW, Germany, 70771 | https://www.daimlertruck.com |
| PACCAR Inc | View profile | 32400 | 777-106th Avenue N.E., Bellevue, WA, United States, 98004 | https://www.paccar.com |
| Navistar | View profile | 10001+ | Lisle, Illinois, United States, North America | http://www.navistar.com |
Europe electric trucks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric trucks market will help companies and investors design strategic landscapes.
Light duty trucks was the largest segment with a revenue share of 83.76% in 2025. Horizon Databook has segmented the Europe electric trucks market based on light duty trucks, medium duty trucks, heavy duty trucks covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of electric trucks market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric trucks market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric trucks market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Europe electric trucks market size, by country, 2021-2033 (US$M)
Europe Electric Trucks Market Outlook Share, 2025 & 2033 (US$M)
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