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Off-highway Electric Vehicle Market based By Application Type (Construction, Agriculture, Mining), By Propulsion (BEV, HEV), By Storage Type, and Region – Trends & Forecast – 2022-2030

Publisher IHR Insights Pvt Limited
Published Dec 07, 2023
Length 110 Pages
SKU # HRI20067057

Description



The market for off-highway electric vehicles was estimated at USD 1,964.4 million in 2022, and from 2023 to 2030, it is anticipated to increase at a CAGR of 20.6%. Strict emission regulations for off-road vehicles have been created by a number of government organisations, including the China VI and India BS-VI emission standards. Emissions of greenhouse gases (GHGs) are also subject to limits from the US Environmental Protection Agency (EPA). Due to equipment manufacturers' focus on alternative engine alternatives, such as full and hybrid off-highway electric vehicles, the industry has grown rapidly. Off-highway heavy-duty vehicle electrification is growing, and OEMs are eager to learn how this new trend may support their current business models. The trend of electrifying automobiles is anticipated to gain pace in the upcoming years due to favourable aspects like battery technology, supply, and general economics. Electric solutions are more widely adopted when charging infrastructure, battery technology, and overall development costs are taken into account. Off-highway vehicle electrification ensures long-term cost savings due to less frequent maintenance and fuel usage compared to traditional vehicles.

Table of Contents

110 Pages
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Application: Market Size & Analysis
5.1. Overview
5.2. Construction
5.3. Agriculture
5.4. Mining
6. Propulsion: Market Size & Analysis
6.1. Overview
6.2. Battery Electric Vehicle (BEV)
6.3. Hybrid Electric Vehicle (HEV)
7. Storage: Market Size & Analysis
7.1. Overview
7.2. Li-ion
7.3. Lead-acid
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America (U.S., Mexico, Canada)
8.3. Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
8.4. Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
8.5. Latin America (Brazil, Argentina)
8.6. Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. Caterpillar
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.4. Developments
10.1.5. Business Strategy
10.2. Volvo Construction Equipment AB
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. Komatsu Ltd.
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. Deere & Company
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. Sandvik AB
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. Hitachi Construction Machinery Co., Ltd.
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. Epiroc AB
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. Doosan Corporation
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. J C Bamford Excavators Ltd.
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. CNH Industrial N.V.
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy
11. Analyst Opinion
12. Annexure

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