Electric Utility Vehicle Market to Reach USD 50.90 Billion by 2031,...

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2026-07-02 09:11:36 - Translate -

Electric Utility Vehicle Market to Reach USD 50.90 Billion by 2031, Fueled by Fleet Electrification and Last-Mile Delivery Boom

The global market for battery-powered work vehicles used in agriculture, logistics, construction, and hospitality is on a firmly upward trajectory, according to newly published industry research. Valued at USD 21.34 billion in 2023, the sector is expected to climb to USD 23.58 billion in 2024 and reach approximately USD 50.90 billion by 2031, translating into a compound annual growth rate of...

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