Global Electric Off-highway Vehicle Market Report

Description

List of Tables

The global demand for Electric Off-highway Vehicle Market is presumed to reach the market size of nearly USD 83.41 BN by 2030 from USD 11.26 BN in 2022 with a CAGR of 24.92% under the study period of 2023 - 2030.

Electric Off-highway Vehicle refers to the electric vehicles driven on uneven roads, steep tracts, and away from the highway. They are commonly used in the field of construction and agriculture. They feature flexible suspension, large tiers, and that caterpillar tracks fastened on the wheels. Some other vehicles which do not usually travel on the public streets are also called off-highway vehicles, such as forklifts, tractors, cranes, golf carts etc. Growing electrification of cars across the world has now turned all the off-highway vehicles electric because of easy maintenance and reduced fuel consumption. The advantage of using them is to reduce noise pollution and carbon emissions and cut down service time and cost of ownership.

MARKET DYNAMICS:

The projected growth rate for Electric Off-highway vehicles is very high under the projected period. The growing demand for low-noise machines drives the market as constant exposure to loud noises could cause hearing problems in people. Strict emission recommendations on off-road vehicles have now compelled the equipment manufacturers to turn towards complete and hybrid off-highway electric vehicles, which is another market driver. The growing focus on the electrification of vehicles is another contributor to the market growth. The coming of improved battery technology, charging infrastructure, and reduced development cost enables the increasing adoption of electric vehicles as the industry is looking for long-term cost savings. The construction sector is becoming dominant in the market because of the growing investment in public infrastructure projects leading to the electrification of targeted smaller types of equipment. In the mining sector, electrification is adopted to remove emissions and ensure the safety of the workers. In the agricultural industry also, electrification is helping to solve labour-related problems by saving time and cost in production. The key players focus on producing advanced equipment to cater to the demand.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric off-highway vehicle. The growth and trends of Electric Off-highway Vehicle Industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the electric off-highway vehicle market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Equipment Type

Excavator
Motor Grader
Dozer
Loader
Dump Truck
LHD
Lawnmower
Sprayer
Tractor

By Application

Construction
Mining
Agriculture
Gardening

By Propulsion

Hybrid-Electric
Battery-Electric

By Battery Type

Lithium-Ion
Lead-Acid
Other Batteries

By Battery Capacity

<50 Kwh
50-200 Kwh
200-500 Kwh
>500 Kwh

By Power Output

<50 Hp
50-150 Hp
150-300 Hp
>300 Hp

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Electric Off-highway Vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electric Off-highway Vehicle market include Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery (Japan), Volvo Construction Equipment (Volvo CE) (Sweden), Epiroc (Sweden), and Sandvik (Sweden). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR11218782

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . ELECTRIC OFF-HIGHWAY VEHICLE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Equipment Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Propulsion
- 3.7.4 Market Attractiveness Analysis By Battery Type
- 3.7.5 Market Attractiveness Analysis By Battery Capacity
- 3.7.6 Market Attractiveness Analysis By Power Output
- 3.7.7 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

6 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY EQUIPMENT TYPE

6.1 Overview by Equipment Type
6.2 Historical and Forecast Data
6.3 Analysis by Equipment Type
6.4 Excavator Historic and Forecast Sales by Regions
6.5 Motor Grader Historic and Forecast Sales by Regions
6.6 Dozer Historic and Forecast Sales by Regions
6.7 Loader Historic and Forecast Sales by Regions
6.8 Dump Truck Historic and Forecast Sales by Regions
6.9 LHD Historic and Forecast Sales by Regions
6.10. Lawnmower Historic and Forecast Sales by Regions
6.11 Sprayer Historic and Forecast Sales by Regions
6.12 Tractor Historic and Forecast Sales by Regions

7 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY APPLICATION

7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Construction Historic and Forecast Sales by Regions
7.5 Mining Historic and Forecast Sales by Regions
7.6 Agriculture Historic and Forecast Sales by Regions
7.7 Gardening Historic and Forecast Sales by Regions

8 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY PROPULSION

8.1 Overview by Propulsion
8.2 Historical and Forecast Data
8.3 Analysis by Propulsion
8.4 Hybrid-Electric Historic and Forecast Sales by Regions
8.5 Battery-Electric Historic and Forecast Sales by Regions

9 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY BATTERY TYPE

9.1 Overview by Battery Type
9.2 Historical and Forecast Data
9.3 Analysis by Battery Type
9.4 Lithium-Ion Historic and Forecast Sales by Regions
9.5 Lead-Acid Historic and Forecast Sales by Regions
9.6 Other Batteries Historic and Forecast Sales by Regions

10 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY BATTERY CAPACITY

10.1 Overview by Battery Capacity
10.2 Historical and Forecast Data
10.3 Analysis by Battery Capacity
10.4 <50 KWh Historic and Forecast Sales by Regions
10.5 50-200 KWh Historic and Forecast Sales by Regions
10.6 200-500 KWh Historic and Forecast Sales by Regions
10.7 >500 KWh Historic and Forecast Sales by Regions

11 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY POWER OUTPUT

11.1 Overview by Power Output
11.2 Historical and Forecast Data
11.3 Analysis by Power Output
11.4 <50 Hp Historic and Forecast Sales by Regions
11.5 50-150 Hp Historic and Forecast Sales by Regions
11.6 150-300 Hp Historic and Forecast Sales by Regions
11.7 >300 Hp Historic and Forecast Sales by Regions

12 . GLOBAL ELECTRIC OFF-HIGHWAY VEHICLE MARKET ANALYSIS BY GEOGRAPHY

12.1. Regional Outlook
12.2. Introduction
12.3. North America Sales Analysis
- 12.3.1. Overview, Historic and Forecast Data Sales Analysis
- 12.3.2. North America By Segment Sales Analysis
- 12.3.3. North America By Country Sales Analysis
- 12.3.4. United State Sales Analysis
- 12.3.5. Canada Sales Analysis
- 12.3.6. Mexico Sales Analysis
12.4. Europe Sales Analysis
- 12.4.1. Overview, Historic and Forecast Data Sales Analysis
- 12.4.2. Europe by Segment Sales Analysis
- 12.4.3. Europe by Country Sales Analysis
- 12.4.4. United Kingdom Sales Analysis
- 12.4.5. France Sales Analysis
- 12.4.6. Germany Sales Analysis
- 12.4.7. Italy Sales Analysis
- 12.4.8. Russia Sales Analysis
- 12.4.9. Rest Of Europe Sales Analysis
12.5. Asia Pacific Sales Analysis
- 12.5.1. Overview, Historic and Forecast Data Sales Analysis
- 12.5.2. Asia Pacific by Segment Sales Analysis
- 12.5.3. Asia Pacific by Country Sales Analysis
- 12.5.4. China Sales Analysis
- 12.5.5. India Sales Analysis
- 12.5.6. Japan Sales Analysis
- 12.5.7. South Korea Sales Analysis
- 12.5.8. Australia Sales Analysis
- 12.5.9. Rest Of Asia Pacific Sales Analysis
12.6. Latin America Sales Analysis
- 12.6.1. Overview, Historic and Forecast Data Sales Analysis
- 12.6.2. Latin America by Segment Sales Analysis
- 12.6.3. Latin America by Country Sales Analysis
- 12.6.4. Brazil Sales Analysis
- 12.6.5. Argentina Sales Analysis
- 12.6.6. Peru Sales Analysis
- 12.6.7. Chile Sales Analysis
- 12.6.8. Rest of Latin America Sales Analysis
12.7. Middle East & Africa Sales Analysis
- 12.7.1. Overview, Historic and Forecast Data Sales Analysis
- 12.7.2. Middle East & Africa by Segment Sales Analysis
- 12.7.3. Middle East & Africa by Country Sales Analysis
- 12.7.4. Saudi Arabia Sales Analysis
- 12.7.5. UAE Sales Analysis
- 12.7.6. Israel Sales Analysis
- 12.7.7. South Africa Sales Analysis
- 12.7.8. Rest Of Middle East And Africa Sales Analysis

13 . COMPETITIVE LANDSCAPE OF THE ELECTRIC OFF-HIGHWAY VEHICLE COMPANIES

13.1. Electric Off-Highway Vehicle Market Competition
13.2. Partnership/Collaboration/Agreement
13.3. Merger And Acquisitions
13.4. New Product Launch
13.5. Other Developments

14 . COMPANY PROFILES OF ELECTRIC OFF-HIGHWAY VEHICLE INDUSTRY

14.1. Company Share Analysis
14.2. Market Concentration Rate
14.3. Caterpillar (US)
- 14.3.1. Company Overview
- 14.3.2. Company Revenue
- 14.3.3. Products
- 14.3.4. Recent Developments
14.4. Komatsu Ltd. (Japan)
- 14.4.1. Company Overview
- 14.4.2. Company Revenue
- 14.4.3. Products
- 14.4.4. Recent Developments
14.5. Hitachi Construction Machinery (Japan)
- 14.5.1. Company Overview
- 14.5.2. Company Revenue
- 14.5.3. Products
- 14.5.4. Recent Developments
14.6. Volvo Construction Equipment (Volvo CE) (Sweden)
- 14.6.1. Company Overview
- 14.6.2. Company Revenue
- 14.6.3. Products
- 14.6.4. Recent Developments
14.7. Epiroc (Sweden)
- 14.7.1. Company Overview
- 14.7.2. Company Revenue
- 14.7.3. Products
- 14.7.4. Recent Developments
14.8. Sandvik (Sweden)
- 14.8.1. Company Overview
- 14.8.2. Company Revenue
- 14.8.3. Products
- 14.8.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies