Special Purpose Electric Vehicle Market Worth $113.75 Billion and 2.57 Million Units by 2029 – An Exclusive Report by Meticulous Research®

Special Purpose Electric Vehicle Market by Type (Electric Sweepers and Scrubbers, Electric Sanitation Trucks, Electric Earthmoving Equipment, Electric Concrete Mixers), Battery Capacity, Application, End User, and Geography - Global Forecast to 2029

Redding, California, June 02, 2022 (GLOBE NEWSWIRE) -- Meticulous Research^®—leading global market research company published a research report titled, ‘Special Purpose Electric Vehicle Market* by Type (Electric Sweepers & Scrubbers, Electric Sanitation Trucks, Electric Earthmoving Equipment, Electric Concrete Mixers), Battery Capacity, Application, End User, and Geography—Global Forecast to 2029.’ *The special purpose electric vehicle market is expected to grow at a CAGR of 13.1% by value from 2022 to reach $113.75 billion by 2029. By volume, this market is expected to grow at a CAGR of 13.8% from 2022 to reach 2.57 million units by 2029.

*Download Free Sample Report Now @ *https://www.meticulousresearch.com/download-sample-report/cp_id=5291

The growth of this market is driven by factors such as the growing construction industry in various countries, the increasing investments by municipal corporations, and rising environmental concerns. However, concerns regarding the underutilization of special purpose EVs due to their unsuitability for multi-shift operations and long charging cycles, and high initial investment requirements are expected to hamper the growth of this market. Furthermore, the increasing requirement for safe working environments and low maintenance costs of special purpose EVs are expected to create significant growth opportunities for the growth of this market.

*Impact of COVID-19 on the **Special Purpose Electric Vehicle **Market*

The outbreak of the COVID-19 pandemic significantly impacted public health and businesses globally. Governments worldwide imposed lockdowns and curfews, consequently shutting down on-premise business processes and manufacturing operations to curb the spread of infection, disrupting supply chains and production schedules globally.

The economic slowdown significantly disrupted the automotive industry, causing a rapid decline in the sale of special purpose electric vehicles. However, various government initiatives and increasing investments by companies are contributing to the growth of this market, which is expected to help overcome the impact of COVID-19 on the special purpose EV market.

*Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: *https://www.meticulousresearch.com/speak-to-analyst/cp_id=5291
The special purpose electric vehicles market is segmented based on type, battery capacity, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the special purpose electric vehicles market is segmented into electric sweepers & scrubbers, electric sanitation trucks, electric earthmoving equipment, electric concrete mixers, electric tractors, electric forklift, electric automated guided vehicles (AGVs), pallet stackers, and pallet trucks. In 2022, the electric earthmoving equipment segment is estimated to account for the largest share of the special purpose electric vehicles market. The large market share of this segment is attributed to factors such as low emissions, increasing demand for electric earthmoving vehicles from the construction industry, and the rising number of new product launches by major players manufacturing earthmoving equipment. However, the electric sweepers & scrubbers segment is expected to grow at the highest CAGR during the forecast period. These special purpose EVs offer increased efficiency, high clean-up speed of 9800 square meters per hour, low maintenance costs, up to 8 hours of working time on a single charge, reduced labor costs, and improved road quality. These benefits drive the market demand for electric sweepers & scrubbers.

Based on battery capacity, the special purpose electric vehicles market is segmented into below 10 kW, 12.5 kW to 100 kW, and above 100 kW. In 2022, the 12.5 kW to 100 kW segment is estimated to account for the largest share of the special purpose electric vehicles market. The large market share of this segment is attributed to the increasing use of these batteries in vehicles such as electric sweepers & scrubbers, electric sanitation trucks, electric wheel loaders, electric forklifts, and electric automated guided vehicles (AGVs). However, the above 100 KW segment is expected to grow at the highest CAGR during the forecast period.

*Quick Buy –* “Special Purpose Electric Vehicle Market by Type (Electric Sweepers and Scrubbers, Electric Sanitation Trucks, Electric Earthmoving Equipment, Electric Concrete Mixers), Battery Capacity, Application, End User, and Geography - Global Forecast to 2029*” **Research Report: *https://www.meticulousresearch.com/Checkout/83305091

Based on application, the special purpose electric vehicles market is segmented into airports, railway stations, mining sites, construction sites, logistics companies, commercial spaces, factories, and other applications. In 2022, the construction sites segment is estimated to account for the largest share of the special purpose electric vehicles market. The large market share of this segment is attributed to the increasing demand for special purpose electric vehicles from the construction industry due to the benefits offered by these vehicles, such as reduced operating costs, lower CO[2] emissions, less noise pollution, and low maintenance. However, the logistics companies segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the expansion of the logistic sector and the rising utilization of pneumatic bulk carriers and tank trailers in the logistics sector.

Based on end user, the special purpose electric vehicles market is segmented into municipal, industrial, and commercial end users. In 2022, the industrial segment is estimated to account for the largest share of the special purpose electric vehicles market. The large market share of this segment is attributed to the growing demand for various electric special purpose vehicles such as electric earthmoving equipment, electric concrete mixers, electric tractors, and electric excavators from the industrial sector. However, the municipal segment is projected to grow at the highest CAGR during the forecast period.

Based on geography, in 2022, Asia-Pacific is estimated to account for the largest share of the special purpose electric vehicles market. Asia-Pacific’s large market share is attributed to the increasing demand for EVs and charging facilities, the growing number of electric mobility start-ups offering numerous solutions & services, and the rising number of government initiatives to develop charging infrastructure. However, Europe is expected to register the fastest growth by value during the forecast period.

Some of the key players operating in the special purpose electric vehicles market are Anhui Airuite New Energy Special Purpose Vehicle Co., Ltd. (France), Dulevo International S.p.A. (Italy), Aebi Schmidt Group (Zürich), AB Volvo (Sweden), Liebherr-International Deutschland GmbH (Germany), Hyster-Yale Materials Handling, Inc.(U.S.), Linde Material Handling GmbH (Germany), Toyota Material Handling, Inc. (U.S.), Jungheinrich AG (Germany), Mitsubishi Logisnext Europe B.V. (Netherlands), J C Bamford Excavators Ltd (U.K.), Big Lift, LLC (U.S.), Crown Equipment Corporation (U.S.), Mighty Lift, Inc. (U.S.), and HUBTEX Maschinenbau GmbH & Co. KG (Germany).

*To gain more insights into the market with a detailed table of content and figures, click here: *https://www.meticulousresearch.com/product/special-purpose-electric-vehicle-market-5291

*Scope of the Report:*

*Special Purpose EV Market, by Type*

· Electric Sweepers & Scrubbers
· Electric Sanitation Trucks
· Electric Earthmoving Equipment

· Electric Excavators
· Electric Wheel Loaders
· Electric Crawler Cranes
· Electric Bulldozers
· Other Electric Earthmoving Equipment

· Electric Concrete Mixers
· Electric Tractors
· Electric Forklifts
· Electric Automated Guided Vehicles (AGVs)
· Pallet Stackers
· Pallet Trucks

*Special Purpose EV Market, by Battery Capacity*

· Below 10 kW
· 12.5 kW to 100 kW
· Above 100 kW

*Special Purpose EV Market, by Application*

· Airports
· Railway Stations
· Mining Sites
· Construction Sites
· Logistics Companies
· Commercial Spaces
· Factories
· Other Applications

*Special Purpose EV Market, by End User*

· Municipal
· Industrial
· Commercial End Users

*Special Purpose EV Market, by Geography*

· Asia-Pacific (APAC)

· China
· Japan
· South Korea
· India
· Rest of Asia-Pacific (RoAPAC)

· Europe

· Germany
· France
· U.K.
· Italy
· Spain
· Rest of Europe (RoE)

· North America

· U.S.
· Canada

· Latin America
· Middle East & Africa

*Download Free Sample Report Now @ *https://www.meticulousresearch.com/download-sample-report/cp_id=5291

*Related Reports:*

Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography—Global Forecast to 2028

https://www.meticulousresearch.com/product/electric-car-market-5187

Wireless Electric Vehicle (EV) Charging Systems Market by Type (DWCS, SWCS), Component (Base Pads, Vehicle Pads), Technology (CWEVCS, PMWEVCS, IWEVCS, RIWEVCS), Power Supply (<11, 11–50kW), Application (Commercial, Residential), Propulsion, and End User—Global Forecast to 2027

https://www.meticulousresearch.com/product/wireless-electric-vehicle-charging-systems-market-5178

Electric Vehicle (EV) Market by Vehicle Type (Passenger Vehicles, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes), Propulsion Type (BEV, FCEV, PHEV, HEV), End Use (Private, Commercial, Industrial), Power Output, Charging Standard, and Geography—Global Forecast to 2027

https://www.meticulousresearch.com/product/electric-vehicles-market-5179

Electric Vehicle Battery Market by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End-user, and Geography—Global Forecast to 2028

https://www.meticulousresearch.com/product/EV-battery-market-5210

Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component (Hardware, Software, Services), Mounting Type (Wall, Pedestal, and Ceiling), Vehicle Type, End User, and Geography—Global Forecast to 2028

https://www.meticulousresearch.com/product/electric-vehicle-charging-stations-market-5078

EV Charging Station Raw Materials Market by Material Type (Metals & Alloys (Stainless Steel, Carbon Steel, Aluminum, Copper, Other), Polymers (PC Resins, PC Blends, Elastomers, Polyurethanes, TPU)), Application, and Charging Type—Global Forecast to 2028

https://www.meticulousresearch.com/product/ev-charging-station-raw-materials-market-5200

*About Meticulous Research®*

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

*Contact:*
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com 
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/515/special-purpose-electric-vehicle-market-2029

CONTACT: Mr. Khushal Bombe
Meticulous Market Research Inc.
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Meticulous Research® Blog: https://meticulousblog.org/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research