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PUBLISHER: The Business Research Company | PRODUCT CODE: 1163943

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1163943

Off-Highway Electric Vehicle Global Market Report 2022: Ukraine-Russia War Impact

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“Off-Highway Electric Vehicle Global Market Report 2022: Ukraine-Russia War Impact ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global off-highway electric vehicle market.

This report focuses on off-highway electric vehicle market which is experiencing strong growth. The report gives a guide to the off-highway electric vehicle market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel format

Where is the largest and fastest growing market for the off-highway electric vehicle? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Off-Highway Electric Vehicle market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider off-highway electric vehicle market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The off-highway electric vehicle market section of the report gives context. It compares the off-highway electric vehicle market with other segments of the off-highway electric vehicle market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, off-highway electric vehicle indicators comparison.

Scope

Markets Covered:

  • 1) By Type: Battery Electric Vehicle (BEV); Hybrid Electric Vehicle (HEV); Plug-In Hybrid Electric Vehicles (PHEV)
  • 2) By Battery Type: Lithium-Ion; Lead-Acid; Other Batteries
  • 3) By Application: Mining; Construction Agriculture: Gardening or Landscaping; Other Applications
  • Companies Mentioned: Caterpillar Inc.; Volvo Construction Equipment Ab; Deere And Company; Komatsu Ltd.; Hitachi Construction Machinery Co. Ltd.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the off-highway electric vehicle market are: Caterpillar Inc., Volvo Construction Equipment Ab, Deere And Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Doosan Corporation, J.C. Bamford Excavators Ltd., Cnh Industrial N.V., Tesla Inc., Bayerische Motoren Werke GmbH, Nissan Motors, Toyota MC, Volkswagen AG, Kubota Corporation, Duetz AG, Atlas Compagnie Pneumatique Commerciale, Sumitomo Heavy Industries, Stihl Holding AG and Co. Kg, and Solectrac LLC.

The global off-highway electric vehicle market is expected to grow from $4.43 billion in 2021 to $5.47 billion in 2022 at a compound annual growth rate (CAGR) of 23.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The off-highway electric vehicle market is expected to grow to $13.83 billion in 2026 at a CAGR of 26.1%.

The off-highway electric vehicle market consists of sales of off-highway electric vehicles by entities (organizations, sole traders, and partnerships) that are used to boost productivity, reduce emissions, and improve safety and labor savings. An off-highway electric vehicle refers to a type of electric vehicle built for off-road use that utilizes electricity to operate on and off paved or gravel roads. The common characteristics of off-highway electric vehicles are front suspension, grip-suitable tyres with deep, wide treads, underbody protection, low-range-gearing, and caterpillar tracks.

The main types of off-highway electric vehicles include battery electric vehicles (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicles (PHEV). BEV refers to battery electric vehicles. BEV is powered by electricity with no gas engine parts, fossil fuel engine, or generator, hence does not create any emissions. The different battery types include lithium-ion, lead-acid, and others that are used in mining, construction, agriculture, gardening or landscaping, others.

North America was the largest region in the off highway electric vehicle market in 2021. The regions covered in the off-highway electric vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing demand for electric vehicles is expected to propel the growth of the off-highway electric vehicle market going forward. Electric vehicles are referred to as automobiles that are powered partially or completely by electricity from a rechargeable battery. Electric vehicles are supplied by renewable energy that contributes to reduced CO2 emissions and air pollution, creates significant efficiency gains, and serves as a source of storage of renewable electricity, thereby increasing the demand for off-highway electric vehicles. For instance, according to the International Renewable Energy Agency report, a UAE-based renewable and sustainable energy intergovernmental organization, the number of electric passenger cars is expected to reach 200 million in 2030 and electric buses and light-duty vehicles are expected to reach 10 million by 2030. Hence, increasing demand for electric vehicles is driving the demand in the off-highway electric vehicle market.

Technology advancement is the key trend gaining popularity in the off-highway electric vehicle market. Major companies operating in the off-highway electric vehicle sector are focused on introducing new technologies to strengthen their position in the market. For instance, in December 2021, XCMG, a China-based heavy machinery manufacturing company launched a 25-tonne truck crane with hybrid technology that can switch to different working modes such as hybrid, pure oil, pure electricity, and plug-in systems while operating. It is developed to improve fuel efficiency, deliver optimal job performance and speed, and reduce noise levels. It achieves 0-40 km/h in 16 seconds, which is half the duration of a standard fuel crane. With a 1.5-hour charging time and an 800-kilometer range on full gasoline, the carriage makes only 60 dB of noise when being driven.

In May 2022, Mahindra & Mahindra, an India-based automotive manufacturing company that operates in off-road electric vehicles partnered with Volkswagen to use MEB electric components such as battery system components, electric motors, and battery cells for its new Born Electric Platform. This partnership aimed at the shared objective of both companies to electrify the automotive market in India. Volkswagen is a Germany-based motor vehicle manufacture.

The countries covered in the off-highway electric vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The off-highway electric vehicle market research report is one of a series of new reports from The Business Research Company that provides off-highway electric vehicle market statistics, including off-highway electric vehicle industry global market size, regional shares, competitors with off-highway electric vehicle market share, detailed off-highway electric vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the off-highway electric vehicle industry. this off-highway electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: h2910

Table of Contents

1. Executive Summary

2. Off-Highway Electric Vehicle Market Characteristics

3. Off-Highway Electric Vehicle Market Trends And Strategies

4. Off-Highway Electric Vehicle Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Off-Highway Electric Vehicle Market
  • 4.2. Ukraine-Russia War Impact On Off-Highway Electric Vehicle Market
  • 4.3. Impact Of High Inflation On Off-Highway Electric Vehicle Market

5. Off-Highway Electric Vehicle Market Size And Growth

  • 5.1. Global Off-Highway Electric Vehicle Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Off-Highway Electric Vehicle Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Off-Highway Electric Vehicle Market Segmentation

  • 6.1. Global Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)
  • 6.2. Global Off-Highway Electric Vehicle Market, Segmentation By Battery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Lithium-Ion
  • Lead-Acid
  • Other Batteries
  • 6.3. Global Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Mining
  • Construction
  • Agriculture
  • Gardening or Landscaping
  • Other Applications

7. Off-Highway Electric Vehicle Market Regional And Country Analysis

  • 7.1. Global Off-Highway Electric Vehicle Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Off-Highway Electric Vehicle Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Off-Highway Electric Vehicle Market

  • 8.1. Asia-Pacific Off-Highway Electric Vehicle Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 8.3. Asia-Pacific Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Off-Highway Electric Vehicle Market

  • 9.1. China Off-Highway Electric Vehicle Market Overview
  • 9.2. China Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
  • 9.3. China Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Off-Highway Electric Vehicle Market

  • 10.1. India Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 10.2. India Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Off-Highway Electric Vehicle Market

  • 11.1. Japan Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 11.2. Japan Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Off-Highway Electric Vehicle Market

  • 12.1. Australia Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 12.2. Australia Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Off-Highway Electric Vehicle Market

  • 13.1. Indonesia Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 13.2. Indonesia Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Off-Highway Electric Vehicle Market

  • 14.1. South Korea Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 14.2. South Korea Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Off-Highway Electric Vehicle Market

  • 15.1. Western Europe Off-Highway Electric Vehicle Market Overview
  • 15.2. Western Europe Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 15.3. Western Europe Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Off-Highway Electric Vehicle Market

  • 16.1. UK Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 16.2. UK Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Off-Highway Electric Vehicle Market

  • 17.1. Germany Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 17.2. Germany Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Off-Highway Electric Vehicle Market

  • 18.1. France Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 18.2. France Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Off-Highway Electric Vehicle Market

  • 19.1. Eastern Europe Off-Highway Electric Vehicle Market Overview
  • 19.2. Eastern Europe Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 19.3. Eastern Europe Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Off-Highway Electric Vehicle Market

  • 20.1. Russia Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 20.2. Russia Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Off-Highway Electric Vehicle Market

  • 21.1. North America Off-Highway Electric Vehicle Market Overview
  • 21.2. North America Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 21.3. North America Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Off-Highway Electric Vehicle Market

  • 22.1. USA Off-Highway Electric Vehicle Market Overview
  • 22.2. USA Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 22.3. USA Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Off-Highway Electric Vehicle Market

  • 23.1. South America Off-Highway Electric Vehicle Market Overview
  • 23.2. South America Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 23.3. South America Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Off-Highway Electric Vehicle Market

  • 24.1. Brazil Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 24.2. Brazil Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Off-Highway Electric Vehicle Market

  • 25.1. Middle East Off-Highway Electric Vehicle Market Overview
  • 25.2. Middle East Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 25.3. Middle East Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Off-Highway Electric Vehicle Market

  • 26.1. Africa Off-Highway Electric Vehicle Market Overview
  • 26.2. Africa Off-Highway Electric Vehicle Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 26.3. Africa Off-Highway Electric Vehicle Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Off-Highway Electric Vehicle Market Competitive Landscape And Company Profiles

  • 27.1. Off-Highway Electric Vehicle Market Competitive Landscape
  • 27.2. Off-Highway Electric Vehicle Market Company Profiles
    • 27.2.1. Caterpillar Inc.
  • 27.2.1.1. Overview
  • 27.2.1.2. Products and Services
  • 27.2.1.3. Strategy
  • 27.2.1.4. Financial Performance
    • 27.2.2. Volvo Construction Equipment Ab
  • 27.2.2.1. Overview
  • 27.2.2.2. Products and Services
  • 27.2.2.3. Strategy
  • 27.2.2.4. Financial Performance
    • 27.2.3. Deere And Company
  • 27.2.3.1. Overview
  • 27.2.3.2. Products and Services
  • 27.2.3.3. Strategy
  • 27.2.3.4. Financial Performance
    • 27.2.4. Komatsu Ltd.
  • 27.2.4.1. Overview
  • 27.2.4.2. Products and Services
  • 27.2.4.3. Strategy
  • 27.2.4.4. Financial Performance
    • 27.2.5. Hitachi Construction Machinery Co. Ltd.
  • 27.2.5.1. Overview
  • 27.2.5.2. Products and Services
  • 27.2.5.3. Strategy
  • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Off-Highway Electric Vehicle Market

29. Off-Highway Electric Vehicle Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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