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Market Research Report

Off-highway Electric Vehicle Market by Equipment, Propulsion, Application (Construction, Mining, and Agriculture), Battery Type, Battery Capacity (<50 kWh, 50 - 200 kWh, 200 - 500 kWh, >500 kWh), Power Output, Electric Tractor - Global Forecast to 2027

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Off-highway Electric Vehicle Market by Equipment, Propulsion, Application (Construction, Mining, and Agriculture), Battery Type, Battery Capacity (<50 kWh, 50 - 200 kWh, 200 - 500 kWh, >500 kWh), Power Output, Electric Tractor - Global Forecast to 2027
Published: September 11, 2019 Content info: 178 Pages
Description

"Increase in mining and construction application and need for infrastructure development in developing countries is expected to drive the market for off-highway vehicles while increasing stringency in emission regulations to drive the demand for electric and hybrid equipment"

The off-highway electric vehicle market is projected to grow at a CAGR of 25.2% to reach USD 29.8 billion by 2027 from an estimated USD 4.9 billion in 2019. Emission regulations have a significant impact on mining equipment. Growing environmental concerns and awareness of the harmful effects of equipment emissions have forced engine and equipment manufacturers to develop engines that comply with emission norms. Alternatively, the need to comply with stringent emission norms has shifted the focus of manufacturers on electrical equipment.

The <50 hp segment is estimated to be the largest market during the forecast period, by power output

An electric motor is a device used in hybrid and electric vehicles to convert electrical energy into mechanical energy. Most of the hybrid and electric off-highway vehicles are equipped with one or sometimes two electric motors, depending on vehicle specification. Currently, electrification is primarily observed in small and compact vehicles. Motors generating an output of <50 hp are generally used in small off-highway electric and hybrid vehicles. These types of electric and hybrid off-highway vehicles have the largest market in Europe. Caterpillar, Komatsu, John Deere, Sandvik, and Solectrac are the leading OEMs for off-highway electric and hybrid vehicles.

The 50-200 kWh segment is estimated to be the second largest market for off-highway electric vehicles, by battery capacity

The 50-200 kWh segment of off-highway electric vehicles is estimated to account for the second largest market value in 2019, owing to the higher demand for small- and mid-range off-highway equipment in countries such as China, India, and the US. In addition, as per MarketsandMarkets analysis, Asia Pacific accounted for about more than 30% of the total sales of this battery capacity, in terms of volume.

North America: The largest off-highway electric vehicle market during the forecast period

North America is expected to lead the off-highway electric vehicle market, in terms of value, during the forecast period. The construction and mining equipment demand in North America is expected to increase due to measures adopted by the US that have increased the demand for domestically extracted minerals and infrastructure development. The US is estimated to be the largest market for off-highway electric vehicles in North America. US-based Caterpillar Inc. offers its full range of off-highway equipment across the globe. In addition, with upcoming stringent emission norms for fuel economy in the country, companies are trying harder to manufacture electric and hybrid equipment for the domestic market.

The study contains insights provided by various industry experts, ranging from off-highway electric vehicle manufacturers, shipping authorities, and distributors.

The break-up of the primaries is as follows:

  • By Company Type: Off-highway electric vehicle Manufacturers- 70%, Government Authorities- 20%, and Distributors- 10%
  • By Designation: C-level- 25%, D-Level- 60%, and Others-15%
  • By Region: North America - 30%, Europe- 20%, Asia Oceania- 35% and RoW- 15%

The report provides detailed profiles of the following companies:

  • Hitachi Construction Machinery (Japan)
  • Caterpillar (US)
  • Komatsu (Japan)
  • JCB (UK)
  • Volvo CE (Sweden)
  • Deere & Company (US)
  • CNH Industrial (UK)
  • Sandvik (Sweden)
  • Liebherr (Switzerland)

Research Coverage:

The primary objective of the study is to define, describe, and forecast the off-highway electric vehicle market by equipment, battery technology, battery capacity, power output, propulsion type, application, electric tractor, and region. It analyzes the opportunities offered by various segments of the market to stakeholders. It tracks and analyzes competitive developments such as market share analysis, expansions, joint ventures, acquisitions, and other industrial activities carried out by key industry participants.

Key Benefits of Buying the Report:

  • The study provides qualitative and quantitative analyses of the off-highway electric vehicle represented in terms of volume (Units) and value (USD million)
  • The report will help market leaders and new entrants by providing them the closest approximations of the revenue numbers for the overall off-highway electric vehicle market and subsegments
  • The 10 key companies that have a significant impact on the market have been profiled along with their financial structures, recent developments, and product portfolios
  • The report covers the competitive landscape, which reflects the market share analysis of leading players along with the dominant strategies adopted by these stakeholders to retain their positions
Table of Contents
Product Code: AT 7341

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 PRODUCT DEFINITION
  • 1.3 MARKET SCOPE
    • 1.3.1 MARKETS COVERED
    • 1.3.2 YEARS CONSIDERED IN THE STUDY
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
  • 2.2 SECONDARY DATA
    • 2.2.1 KEY SECONDARY SOURCES
    • 2.2.2 KEY DATA FROM SECONDARY SOURCES
  • 2.3 PRIMARY DATA
    • 2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
    • 2.3.2 PRIMARY PARTICIPANTS
  • 2.4 MARKET SIZE ESTIMATION
    • 2.4.1 BOTTOM-UP APPROACH
    • 2.4.2 TOP-DOWN APPROACH
  • 2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.6 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN OFF-HIGHWAY ELECTRIC VEHICLE MARKET
  • 4.2 OFF-HIGHWAY ELECTRIC VEHICLE MARKET IN ASIA PACIFIC, BY EQUIPMENT AND COUNTRY
  • 4.3 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION
  • 4.4 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT
  • 4.5 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY APPLICATION
  • 4.6 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION
  • 4.7 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY POWER OUTPUT
  • 4.8 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY CAPACITY
  • 4.9 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TECHNOLOGY

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Low noise and vibration
      • 5.2.1.2 Improved efficiency
      • 5.2.1.3 Low overhaul cost
      • 5.2.1.4 High cost of ventilation of diesel emissions in mining
      • 5.2.1.5 Environmental and human safety
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Higher initial cost than diesel-powered equipment
      • 5.2.2.2 Insufficient charging infrastructure
      • 5.2.2.3 Lower acceptance of electric vehicles
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 New advancements in industrial sector
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Low battery capacity
      • 5.2.4.2 Lack of qualified workers
      • 5.2.4.3 Low compatibility for long haul applications
      • 5.2.4.4 Low compatibility for electrification

6 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY APPLICATION

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 6.1 INTRODUCTION
    • 6.1.1 RESEARCH METHODOLOGY
    • 6.1.2 ASSUMPTIONS
  • 6.2 MINING
    • 6.2.1 ASIA PACIFIC IS PROJECTED TO BE THE FASTEST GROWING MARKET DUE TO GROWING MINING ACTIVITIES IN THE REGION
  • 6.3 CONSTRUCTION
    • 6.3.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET DUE TO RAPID INFRASTRUCTURAL ADVANCEMENTS
  • 6.4 GARDENING
    • 6.4.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET
  • 6.5 AGRICULTURE
    • 6.5.1 ASIA PACIFIC IS PROJECTED TO BE THE FASTEST GROWING MARKET DUE TO ITS GROWING AGRICULTURE SECTOR

7 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 7.1 INTRODUCTION
    • 7.1.1 RESEARCH METHODOLOGY
    • 7.1.2 ASSUMPTIONS
  • 7.2 DUMP TRUCK
    • 7.2.1 NORTH AMERICA IS EXPECTED TO BE THE LARGEST MARKET DUE TO GROWING MINING ACTIVITIES IN THE REGION
  • 7.3 DOZER
    • 7.3.1 ASIA PACIFIC IS PROJECTED TO BE THE FASTEST GROWING MARKET
  • 7.4 EXCAVATOR
    • 7.4.1 ASIA PACIFIC IS PROJECTED TO BE THE FASTEST GROWING MARKET DUE TO INCREASING INFRASTRUCTURAL ACTIVITY
  • 7.5 MOTOR GRADER
    • 7.5.1 NORTH AMERICA IS EXPECTED TO BE THE LARGEST MARKET
  • 7.6 LHD
    • 7.6.1 ASIA PACIFIC IS EXPECTED TO BE THE LARGEST MARKET FOR LHD
  • 7.7 LOADER
    • 7.7.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET FOR LOADERS
  • 7.8 LAWN MOWER
    • 7.8.1 EUROPE IS ESTIMATED TO BE THE LARGEST MARKET DUE TO ADVANCEMENTS IN AGRICULTURE INDUSTRY
  • 7.9 SPRAYER
    • 7.9.1 NORTH AMERICA IS EXPECTED TO BE THE LARGEST MARKET
  • 7.10 TRACTOR
    • 7.10.1 NORTH AMERICA IS ESTIMATED TO BE THE LARGEST MARKET DUE TO ADVANCEMENTS IN AGRICULTURE INDUSTRY

8 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TYPE

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 8.1 INTRODUCTION
    • 8.1.1 RESEARCH METHODOLOGY
    • 8.1.2 ASSUMPTIONS
  • 8.2 LITHIUM-ION
    • 8.2.1 ASIA PACIFIC IS EXPECTED TO BE THE FASTEST GROWING MARKET DUE TO PRESENCE OF LEADING BATTERY MANUFACTURERS
  • 8.3 NICKEL METAL HYDRIDE
    • 8.3.1 ASIA PACIFIC IS ESTIMATED TO BE THE LARGEST MARKET
  • 8.4 LEAD-ACID
    • 8.4.1 ASIA PACIFIC IS ESTIMATED TO BE LARGEST AND FASTEST MARKET
  • 8.5 OTHERS
    • 8.5.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET

9 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY CAPACITY

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 9.1 INTRODUCTION
    • 9.1.1 RESEARCH METHODOLOGY
    • 9.1.2 ASSUMPTIONS
  • 9.2 <50 KWH
    • 9.2.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET
  • 9.3 50-200 KWH
    • 9.3.1 ASIA PACIFIC IS EXPECTED TO BE THE FASTEST GROWING MARKET
  • 9.4 200-500 KWH
    • 9.4.1 ASIA PACIFIC IS EXPECTED TO BE THE FASTEST GROWING MARKET
  • 9.5 >500 KWH
    • 9.5.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET

10 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 10.2 INTRODUCTION
    • 10.2.1 RESEARCH METHODOLOGY
    • 10.2.2 ASSUMPTIONS
  • 10.3 BATTERY ELECTRIC
    • 10.3.1 EUROPE IS EXPECTED TO HOLD THE LARGEST MARKET DURING THE FORECAST PERIOD DUE TO ITS ADVANCED STATE OF TECHNOLOGIES
  • 10.4 HYBRID ELECTRIC
    • 10.4.1 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET DUE TO ITS HIGHER RATE OF TECHNOLOGY ADOPTION

11 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY POWER OUTPUT

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 11.1 INTRODUCTION
    • 11.1.1 RESEARCH METHODOLOGY
    • 11.1.2 ASSUMPTIONS
  • 11.2 <50 HP
    • 11.2.1 ASIA PACIFIC IS EXPECTED TO BE THE FASTEST GROWING MARKET
  • 11.3 50-150 HP
    • 11.3.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET
  • 11.4 150-300 HP
    • 11.4.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET
  • 11.5 >300 HP
    • 11.5.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET

12 ELECTRIC TRACTOR MARKET, BY EQUIPMENT

The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW

  • 12.1 INTRODUCTION
    • 12.1.1 RESEARCH METHODOLOGY
    • 12.1.2 ASSUMPTION
  • 12.2 LAWN MOWER
    • 12.2.1 EUROPE IS ESTIMATED TO BE THE LARGEST MARKET
  • 12.3 SPRAYER
    • 12.3.1 NORTH AMERICA IS EXPECTED TO BE THE LARGEST MARKET
  • 12.4 TRACTOR
    • 12.4.1 NORTH AMERICA IS ESTIMATED TO BE THE LARGEST MARKET

13 OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION

The Chapter is Further Segmented at Country Level by equipment and Considered Countries are Asia Pacific (China, Japan, India), Europe (Germany, UK, France, Russia, Spain, Italy), North America (US, Canada, Mexico) and RoW (Brazil and South Africa)

  • 13.1 INTRODUCTION
    • 13.1.1 RESEARCH METHODOLOGY
  • 13.2 ASIA PACIFIC
    • 13.2.1 CHINA
      • 13.2.1.1 In terms of volume, lawn mower is estimated to have the largest market share
    • 13.2.2 INDIA
      • 13.2.2.1 Motor grader is expected to have the fastest growing market*
    • 13.2.3 JAPAN
      • 13.2.3.1 The excavator segment is projected to grow at the highest CAGR
  • 13.3 EUROPE
    • 13.3.1 GERMANY
      • 13.3.1.1 In terms of volume, lawn mower is estimated to have the largest market share
    • 13.3.2 UK
      • 13.3.2.1 Tractor is projected to be the fastest growing market*
    • 13.3.3 FRANCE
      • 13.3.3.1 In terms of volume, lawn mower is estimated to have the largest market share
    • 13.3.4 RUSSIA
      • 13.3.4.1 Tractor is projected to be the fastest growing market
    • 13.3.5 SPAIN
      • 13.3.5.1 Lawn mower is estimated to have the largest market share by value
    • 13.3.6 ITALY
      • 13.3.6.1 Loader is expected to hold the largest market
  • 13.4 NORTH AMERICA
    • 13.4.1 US
      • 13.4.1.1 The tractor segment is projected to grow at the highest CAGR*
    • 13.4.2 CANADA
      • 13.4.2.1 In terms of volume, lawn mower is estimated to have the largest market share
    • 13.4.3 MEXICO
      • 13.4.3.1 Dump truck is estimated to be the largest market
  • 13.5 REST OF THE WORLD (ROW)
    • 13.5.1 BRAZIL
      • 13.5.1.1 Loader is projected to be largest segment by volume & value
    • 13.5.2 SOUTH AFRICA
      • 13.5.2.1 Dozer is projected to be the fastest growing market

14 RECOMMENDATION CHAPTER

  • 14.1 ASIA PACIFIC WILL BE THE KEY REGION FOR OFF-HIGHWAY ELECTRIC VEHICLE MARKET
  • 14.2 ELECTRIFICATION IN UNDERGROUND MINING EQUIPMENT WILL BE A NEW HOT BED FOR OFF-HIGHWAY ELECTRIC VEHCILE MANUFACTURERS
  • 14.3 CONCLUSION
  • 14.4 CONNECTED MARKETS

15 COMPETITIVE LANDSCAPE

  • 15.1 OVERVIEW
  • 15.2 OFF-HIGHWAY ELECTRIC VEHICLE MARKET: MARKET RANKING ANALYSIS
  • 15.3 COMPETITIVE SCENARIO
  • 15.4 COMPETITIVE LEADERSHIP MAPPING
    • 15.4.1 TERMINOLOGY
      • 15.4.1.1 Visionary Leaders
      • 15.4.1.2 Innovators
      • 15.4.1.3 Dynamic Differentiators
      • 15.4.1.4 Emerging Companies
  • 15.5 STRENGTH OF PRODUCT PORTFOLIO
    • 15.5.1 OFF-HIGHWAY ELECTRIC VEHICLE MANUFACTURERS: COMPANY-WISE PRODUCT OFFERING ANALYSIS
  • 15.6 BUSINESS STRATEGY EXCELLENCE
    • 15.6.1 ELECTRIC CONSTRUCTION EQUIPMENT: COMPANY-WISE BUSINESS STRATEGY ANALYSIS

16 COMPANY PROFILES

(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*

  • 16.1 HITACHI CONSTRUCTION MACHINERY
  • 16.2 CATERPILLAR
  • 16.3 KOMATSU
  • 16.4 JCB
  • 16.5 VOLVO CONSTRUCTION EQUIPMENT
  • 16.6 DEERE & COMPANY
  • 16.7 CNH INDUSTRIAL
  • 16.8 SANDVIK
  • 16.9 LIEBHERR
  • 16.10 EPIROC

Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

  • 16.11 ADDITIONAL COMPANIES
    • 16.11.1 AMERICAS
      • 16.11.1.1 Terex
    • 16.11.2 EUROPE
      • 16.11.2.1 Deutz AG
      • 16.11.2.2 Atlas Copco
      • 16.11.2.3 Fendt
      • 16.11.2.4 Husqvarna
      • 16.11.2.5 Stihl Holding AG and Co. Kg
      • 16.11.2.6 Exel Industries
    • 16.11.3 ASIA OCEANIA
      • 16.11.3.1 XCMG
      • 16.11.3.2 Sumitomo Heavy Industries
      • 16.11.3.3 Doosan
      • 16.11.3.4 Sany Heavy Industries
      • 16.11.3.5 Kubota
      • 16.11.3.6 BEML
      • 16.11.3.7 Zoomlion

17 APPENDIX

  • 17.1 PRIMARY INSIGHT
  • 17.2 DISCUSSION GUIDE
  • 17.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 17.4 AVAILABLE CUSTOMIZATIONS
    • 17.4.1 OFF HIGHWAY ELECTRIC VEHICLE MARKET BY COUNTRY & BATTERY TECHNOLOGY
      • 17.4.1.1 Lithium-ion
      • 17.4.1.2 Nickel metal hydride
      • 17.4.1.3 Lead-acid
      • 17.4.1.4 Other
    • 17.4.2 OFF HIGHWAY ELECTRIC VEHICLE MARKET BY COUNTRY & PROPULSION
      • 17.4.2.1 Electric
      • 17.4.2.2 Hybrid
  • 17.5 RELATED REPORTS
  • 17.6 AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: CURRENCY EXCHANGE RATES (PER USD)
  • TABLE 2: EMISSION NORMS COMPARATIVE ANALYSIS FOR NON-ROAD VEHICLES: US EPA VS EU EMISSION STANDARDS
  • TABLE 3: COMPARISON OF EFFICIENCY BETWEEN PASSENGER VEHICLES, HEAVY DUTY VEHICLES AND OFF ROAD MOBILE MACHINERY
  • TABLE 4: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY APPLICATION, 2017-2027 ('00 UNITS)
  • TABLE 5: MINING: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 6: CONSTRUCTION: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 7: GARDENING: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 8: AGRICULTURE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 9: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT, 2017-2027 ('00 UNITS)
  • TABLE 10: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT, 2017-2027 (USD MILLION)
  • TABLE 11: DUMP TRUCK: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 12: DUMP TRUCK: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 13: DOZER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 14: DOZER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 15: EXCAVATOR: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 16: EXCAVATOR: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 17: MOTOR GRADER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 18: MOTOR GRADER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 19: LHD: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 20: LHD: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 21: LOADER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 22: LOADER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 23: LAWN MOWER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 24: LAWN MOWER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 25: SPRAYER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 26: SPRAYER: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 27: TRACTOR: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 28: TRACTOR: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 29: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2017-2027 ('00 UNITS)
  • TABLE 30: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2017-2027 (USD MILLION)
  • TABLE 31: LITHIUM-ION: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 32: LITHIUM-ION: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLIOIN)
  • TABLE 33: NICKEL METAL HYDRIDE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (UNITS)
  • TABLE 34: NICKEL METAL HYDRIDE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 USD MILLION)
  • TABLE 35: LEAD-ACID: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 36: LEAD-ACID: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 37: OTHERS: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 38: OTHERS: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 39: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY CAPACITY, 2017-2027 ('00 UNITS)
  • TABLE 40: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY CAPACITY, 2017-2027 (USD MILLION)
  • TABLE 41: <50 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 42: <50 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 43: 50-200 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 44: 50-200 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 45: 200-500 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION 2017-2027 ('00 UNITS)
  • TABLE 46: 200-500 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 47: >500 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 48: >500 KWH: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 49: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2017-2027 (00' UNITS)
  • TABLE 50: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2017-2027 (USD MILLION)
  • TABLE 51: BATTERY ELECTRIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 52: BATTERY ELECTRIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 53: HYBRID ELECTRIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 54: HYBRID ELECTRIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 55: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2017-2027 ('00 UNITS)
  • TABLE 56: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2017-2027 (USD MILLION)
  • TABLE 57: <50 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 58: <50 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 59: 50-150 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 60: 50-150 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 61: 150-300 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 62: 150-300 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 63: >300 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 64: >300 HP: OFF-HIGHWAY ELECTRIC VEHICLE MARKET FOR >100 HP, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 65: ELECTRIC TRACTOR MARKET, BY EQUIPMENT TYPE, 2017-2027 ('00 UNITS)
  • TABLE 66: ELECTRIC TRACTOR MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 67: LAWN MOWER: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 68: LAWN MOWER: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 69: SPRAYER: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 70: SPRAYER: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 71: TRACTORS: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 ('00 UNITS)
  • TABLE 72: TRACTORS: ELECTRIC TRACTOR MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 73: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (UNITS)
  • TABLE 74: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2017-2027 (USD MILLION)
  • TABLE 75: ASIA PACIFIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (UNITS)
  • TABLE 76: ASIA PACIFIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
  • TABLE 77: CHINA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 78: CHINA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 79: INDIA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 80: INDIA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 81: JAPAN: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 82: JAPAN: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 83: EUROPE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (UNITS)
  • TABLE 84: EUROPE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
  • TABLE 85: GERMANY: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 86: GERMANY: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 87: UK: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 88: UK: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 89: FRANCE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 90: FRANCE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 91: RUSSIA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 92: RUSSIA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 93: SPAIN: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 94: SPAIN: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 95: ITALY: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 96: ITALY: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 97: NORTH AMERICA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (UNITS)
  • TABLE 98: NORTH AMERICA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (USD MILLION)
  • TABLE 99: US: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 100: US: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 101: CANADA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 102: CANADA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 103: MEXICO: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 104: MEXICO: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 105: ROW: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2017-2027 (UNITS)
  • TABLE 106: ROW: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 107: BRAZIL: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 108: BRAZIL: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 109: SOUTH AFRICA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (UNITS)
  • TABLE 110: SOUTH AFRICA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT TYPE, 2017-2027 (USD MILLION)
  • TABLE 111: NEW PRODUCT DEVELOPMENT (2016-2019)
  • TABLE 112: EXPANSIONS (2016-2019)
  • TABLE 113: JOINT VENTURES/ AGREEMENT (2016-2019)

LIST OF FIGURES

  • FIGURE 1: OFF-HIGHWAY ELECTRIC VEHICLE MARKET SEGMENTATION
  • FIGURE 2: RESEARCH DESIGN
  • FIGURE 3: RESEARCH METHODOLOGY MODEL
  • FIGURE 4: BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 5: OFF-HIGHWAY ELECTRIC VEHICLE MARKET: BOTTOM-UP APPROACH
  • FIGURE 6: OFF-HIGHWAY ELECTRIC VEHICLE MARKET: TOP DOWN APPROACH
  • FIGURE 7: DATA TRIANGULATION
  • FIGURE 8: OFF-HIGHWAY ELECTRIC VEHICLE MARKET: MARKET OUTLOOK
  • FIGURE 9: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2019 VS. 2022 VS. 2027 (USD MILLION)
  • FIGURE 10: FOCUS ON EMISSION-FREE CONSTRUCTION AND MINING ZONES TO DRIVE THE MARKET FOR OFF-HIGHWAY ELECTRIC VEHICLES
  • FIGURE 11: EXCAVATOR TO ACCOUNT FOR THE LARGEST SHARE IN THE ASIA PACIFIC MARKET
  • FIGURE 12: NORTH AMERICA TO LEAD THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET DURING THE FORECAST PERIOD, 2019 VS. 2027 (USD MILLION)
  • FIGURE 13: DUMP TRUCK PROJECTED TO LEAD THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT, 2021 VS. 2027 (USD MILLION)
  • FIGURE 14: CONSTRUCTION IS EXPECTED TO LEAD THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021 VS. 2027 ('00 UNITS)
  • FIGURE 15: HYBRID ELECTRIC TO LEAD THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION, 2019 VS. 2027 (USD MILLION)
  • FIGURE 16: <50 HP OFF-HIGHWAY ELECTRIC VEHICLES TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
  • FIGURE 17: <50 KWH ELECTRIC OFF-HIGHWAY VEHICLES TO HOLD THE LARGEST MARKET OVER THE FORECAST PERIOD
  • FIGURE 18: LITHIUM-ION TO LEAD THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TECHNOLOGY, 2019 VS. 2027
  • FIGURE 19: OFF-HIGHWAY ELECTRIC VEHICLE MARKET: MARKET DYNAMICS
  • FIGURE 20: NUMBER OF CHARGING STATIONS FOR ELECTRIC VEHICLES ACROSS MAJOR CITIES IN 2018
  • FIGURE 21: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021 VS. 2027
  • FIGURE 22: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY EQUIPMENT, 2019 VS. 2027 (USD MILLION)
  • FIGURE 23: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2018 VS. 2025 ('000 UNITS)
  • FIGURE 24: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY BATTERY CAPACITY, 2017-2027(USD MILLION)
  • FIGURE 25: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2019 VS. 2027 (USD MILLION)
  • FIGURE 26: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2019 VS. 2027 (USD MILLION)
  • FIGURE 27: ELECTRIC TRACTOR MARKET, BY EQUIPMENT, 2021-2027 (USD MILLION)
  • FIGURE 28: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY REGION, 2019 VS. 2027 (USD MILLION)
  • FIGURE 29: ASIA PACIFIC: OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019 VS. 2027 (USD MILLION)
  • FIGURE 30: EUROPE: OFF-HIGHWAY ELECTRIC VEHICLE MARKET SNAPSHOT
  • FIGURE 31: EUROPE: THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019 VS. 2027 (USD MILLION)
  • FIGURE 32: NORTH AMERICA: OFF-HIGHWAY ELECTRIC VEHICLE MARKET SNAPSHOT
  • FIGURE 33: NORTH AMERICA: THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019 VS. 2027 (USD MILLION)
  • FIGURE 34: ROW: THE OFF-HIGHWAY ELECTRIC VEHICLE MARKET, BY COUNTRY, 2019 VS. 2027 (USD MILLION)
  • FIGURE 35: OFF HIGHWAY ELECTRIC VEHICLE RANKING ANALYSIS IN 2019
  • FIGURE 36: COMPANIES ADOPTED EXPANSION AND MERGERS & ACQUISITION AS THE KEY GROWTH STRATEGY, 2016-2019
  • FIGURE 37: ELECTRIC CONSTRUCTION MARKET MANUFACTURERS: COMPETITIVE LEADERSHIP MAPPING (2018)
  • FIGURE 38: HITACHI CONSTRUCTION MACHINERY: COMPANY SNAPSHOT
  • FIGURE 39: CATERPILLAR: COMPANY SNAPSHOT
  • FIGURE 40: KOMATSU: COMPANY SNAPSHOT
  • FIGURE 41: JCB: COMPANY SNAPSHOT
  • FIGURE 42: VOLVO CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT
  • FIGURE 43: DEERE & COMPANY: COMPANY SNAPSHOT
  • FIGURE 44: CNH INDUSTRIAL: COMPANY SNAPSHOT
  • FIGURE 45: SANDVIK: COMPANY SNAPSHOT
  • FIGURE 46: LIEBHERR: COMPANY SNAPSHOT
  • FIGURE 47: EPIROC: COMPANY SNAPSHOT
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