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Off-Highway Electric Vehicles in Asia-Pacific

Publisher GlobalData
Published Jun 19, 2025
Length 53 Pages
SKU # GBDT20389336

Description

Off-Highway Electric Vehicles in Asia-Pacific

Summary

Off-Highway Electric Vehicles in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Off-highway electric vehicles market includes vehicles often intended to be used on uneven and steep ground. These vehicles can be open-air or enclosed with large threaded tires, caterpillar tracks, and flexible suspension. The market scope includes both battery-powered and hybrid-powered off-highway electric vehicles. Also, the market scope covers electric excavators, loaders, tractors, trucks, etc.
  • The Asia-Pacific off-highway electric vehicles market recorded revenues of $5,104.9 million in 2024, representing a compound annual growth rate (CAGR) of 41.2% between 2019 and 2024.
  • The mining segment accounted for the market's largest proportion in 2024, with total revenues of $2,193.9 million, equivalent to 43.0% of the market's overall value.
  • The Asia-Pacific region is the second largest market accounting for 31.5% of the global off-highway electric vehicles market in 2024.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the off-highway electric vehicles market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the off-highway electric vehicles market in Asia-Pacific
  • Leading company profiles reveal details of key off-highway electric vehicles market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific off-highway electric vehicles market with five year forecasts
Reasons to Buy
  • What was the size of the Asia-Pacific off-highway electric vehicles market by value in 2024?
  • What will be the size of the Asia-Pacific off-highway electric vehicles market in 2029?
  • What factors are affecting the strength of competition in the Asia-Pacific off-highway electric vehicles market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Asia-Pacific's off-highway electric vehicles market?

Table of Contents

53 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. AB Volvo
8.2. Caterpillar Inc
8.3. Komatsu Ltd
8.4. BYD Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Asia-Pacific off-highway electric vehicles market value: $ million, 2019-24
Table 2: Asia-Pacific off-highway electric vehicles market category segmentation: % share, by value, 2019-24
Table 3: Asia-Pacific off-highway electric vehicles market category segmentation: $ million, 2019-24
Table 4: Asia-Pacific off-highway electric vehicles market geography segmentation: $ million, 2024
Table 5: Asia-Pacific off-highway electric vehicles market value forecast: $ million, 2024-29
Table 6: AB Volvo: Key Facts
Table 7: AB Volvo: annual financial ratios
Table 8: AB Volvo: key employees
Table 9: AB Volvo: key employees Continued
Table 10: Caterpillar Inc: Key Facts
Table 11: Caterpillar Inc: annual financial ratios
Table 12: Caterpillar Inc: key employees
Table 13: Caterpillar Inc: key employees Continued
Table 14: Komatsu Ltd: Key Facts
Table 15: Komatsu Ltd: annual financial ratios
Table 16: Komatsu Ltd: key employees
Table 17: Komatsu Ltd: key employees Continued
Table 18: BYD Co Ltd: Key Facts
Table 19: BYD Co Ltd: annual financial ratios
Table 20: BYD Co Ltd: key employees
Table 21: Asia-Pacific Exchange Rate, 2019-24
List of Figures
Figure 1: Asia-Pacific off-highway electric vehicles market value: $ million, 2019-24
Figure 2: Asia-Pacific off-highway electric vehicles market category segmentation: $ million, 2019-24
Figure 3: Asia-Pacific off-highway electric vehicles market geography segmentation: % share, by value, 2024
Figure 4: Asia-Pacific off-highway electric vehicles market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the off-highway electric vehicles market in Asia-Pacific, 2024
Figure 6: Drivers of buyer power in the off-highway electric vehicles market in Asia-Pacific, 2024
Figure 7: Drivers of supplier power in the off-highway electric vehicles market in Asia-Pacific, 2024
Figure 8: Factors influencing the likelihood of new entrants in the off-highway electric vehicles market in Asia-Pacific, 2024
Figure 9: Factors influencing the threat of substitutes in the off-highway electric vehicles market in Asia-Pacific, 2024
Figure 10: Drivers of degree of rivalry in the off-highway electric vehicles market in Asia-Pacific, 2024

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