Off-Highway Electric Vehicle Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
CHAPTER 1. Industry Overview of Off-Highway Electric Vehicle Market
1.1. Definition and Scope
1.1.1. Definition of Off-Highway Electric Vehicle
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Off-Highway Electric Vehicle Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Off-Highway Electric Vehicle Market By Propulsion
1.2.3. Off-Highway Electric Vehicle Market By Battery Type
1.2.4. Off-Highway Electric Vehicle Market By Storage Type
1.2.5. Off-Highway Electric Vehicle Market By Application
1.2.6. Off-Highway Electric Vehicle Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Off-Highway Electric Vehicle Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Off-Highway Electric Vehicle Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2023
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
4.2. R&D Status of Major Manufacturers in 2023
CHAPTER 5. Off-Highway Electric Vehicle Market By Propulsion
5.1. Introduction
5.2. Off-Highway Electric Vehicle Revenue By Propulsion
5.2.1. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast, By Propulsion, 2020-2032
5.2.2. Hybrid Electric Vehicle (HEV)
5.2.2.1. Hybrid Electric Vehicle (HEV) Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.3. Battery Electric Vehicle (BEV)
5.2.3.1. Battery Electric Vehicle (BEV) Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 6. Off-Highway Electric Vehicle Market By Battery Type
6.1. Introduction
6.2. Off-Highway Electric Vehicle Revenue By Battery Type
6.2.1. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast, By Battery Type, 2020-2032
6.2.2. Lithium-Ion (Li-Ion)
6.2.2.1. Lithium-Ion (Li-Ion) Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.3. Lead–Acid
6.2.3.1. Lead–Acid Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 7. Off-Highway Electric Vehicle Market By Storage Type
7.1. Introduction
7.2. Off-Highway Electric Vehicle Revenue By Storage Type
7.2.1. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast, By Storage Type, 2020-2032
7.2.2. <50 kWh
7.2.2.1. <50 kWh Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.3. 50–200 kWh
7.2.3.1. 50–200 kWh Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.4. >200 kWh
7.2.4.1. >200 kWh Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 8. Off-Highway Electric Vehicle Market By Application
8.1. Introduction
8.2. Off-Highway Electric Vehicle Revenue By Application
8.2.1. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast, By Application, 2020-2032
8.2.2. Construction
8.2.2.1. Construction Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.3. Agriculture
8.2.3.1. Agriculture Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.4. Mining
8.2.4.1. Mining Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.5. Others
8.2.5.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 9. North America Off-Highway Electric Vehicle Market By Country
9.1. North America Off-Highway Electric Vehicle Market Overview
9.2. U.S.
9.2.1. U.S. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
9.2.2. U.S. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
9.2.3. U.S. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
9.2.4. U.S. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
9.3. Canada
9.3.1. Canada Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
9.3.2. Canada Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
9.3.3. Canada Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
9.3.4. Canada Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
9.4. North America PEST Analysis
CHAPTER 10. Europe Off-Highway Electric Vehicle Market By Country
10.1. Europe Off-Highway Electric Vehicle Market Overview
10.2. U.K.
10.2.1. U.K. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
10.2.2. U.K. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
10.2.3. U.K. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
10.2.4. U.K. Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
10.3. Germany
10.3.1. Germany Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
10.3.2. Germany Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
10.3.3. Germany Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
10.3.4. Germany Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
10.4. France
10.4.1. France Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
10.4.2. France Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
10.4.3. France Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
10.4.4. France Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
10.5. Spain
10.5.1. Spain Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
10.5.2. Spain Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
10.5.3. Spain Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
10.5.4. Spain Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
10.6. Rest of Europe
10.6.1. Rest of Europe Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
10.6.2. Rest of Europe Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
10.6.3. Rest of Europe Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
10.6.4. Rest of Europe Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Off-Highway Electric Vehicle Market By Country
11.1. Asia Pacific Off-Highway Electric Vehicle Market Overview
11.2. China
11.2.1. China Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.2.2. China Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.2.3. China Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.2.4. China Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.3. Japan
11.3.1. Japan Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.3.2. Japan Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.3.3. Japan Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.3.4. Japan Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.4. India
11.4.1. India Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.4.2. India Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.4.3. India Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.4.4. India Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.5. Australia
11.5.1. Australia Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.5.2. Australia Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.5.3. Australia Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.5.4. Australia Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.6. South Korea
11.6.1. South Korea Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.6.2. South Korea Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.6.3. South Korea Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.6.4. South Korea Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
11.7.2. Rest of Asia-Pacific Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
11.7.3. Rest of Asia-Pacific Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
11.7.4. Rest of Asia-Pacific Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Off-Highway Electric Vehicle Market By Country
12.1. Latin America Off-Highway Electric Vehicle Market Overview
12.2. Brazil
12.2.1. Brazil Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
12.2.2. Brazil Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
12.2.3. Brazil Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
12.2.4. Brazil Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
12.3. Mexico
12.3.1. Mexico Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
12.3.2. Mexico Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
12.3.3. Mexico Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
12.3.4. Mexico Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
12.4. Rest of Latin America
12.4.1. Rest of Latin America Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
12.4.2. Rest of Latin America Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
12.4.3. Rest of Latin America Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
12.4.4. Rest of Latin America Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Off-Highway Electric Vehicle Market By Country
13.1. Middle East & Africa Off-Highway Electric Vehicle Market Overview
13.2. GCC
13.2.1. GCC Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
13.2.2. GCC Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
13.2.3. GCC Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
13.2.4. GCC Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
13.3. South Africa
13.3.1. South Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
13.3.2. South Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
13.3.3. South Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
13.3.4. South Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Propulsion, 2020-2032
13.4.2. Rest of Middle East & Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Battery Type, 2020-2032
13.4.3. Rest of Middle East & Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Storage Type, 2020-2032
13.4.4. Rest of Middle East & Africa Off-Highway Electric Vehicle Revenue (USD Million) and Forecast By Application, 2020-2032
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Off-Highway Electric Vehicle Market
14.1. Off-Highway Electric Vehicle Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Off-Highway Electric Vehicle Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Caterpillar, Inc.
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (USD Million), 2023
15.1.3.2. Caterpillar, Inc. 2023 Off-Highway Electric Vehicle Business Regional Distribution
15.1.4. Product /Service and Specification
15.1.5. Recent Developments & Business Strategy
15.2. CNH Industrial N.V.
15.3. Deere & Company
15.4. Doosan Corporation
15.5. Epiroc AB
15.6. Hitachi Construction Machinery Co., Ltd.
15.7. J C Bamford Excavators Ltd.
15.8. Komatsu Ltd.
15.9. Sandvik AB
15.10. Volvo Construction Equipment AB
Frequently Asked Questions
How big is the off-highway electric vehicle market?
The off-highway electric vehicle market size was valued at USD 15.8 billion in 2023.
What is the CAGR of the global off-highway electric vehicle market from 2024 to 2032?
The CAGR of off-highway electric vehicle industry is 17.2% during the analysis period of 2024 to 2032.
Which are the key players in the off-highway electric vehicle market?
The key players operating in the global market are including Caterpillar, Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi Construction Machinery Co., Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Sandvik AB, and Volvo Construction Equipment AB.
Which region dominated the global off-highway electric vehicle market share?
North America held the dominating position in off-highway electric vehicle industry during the analysis period of 2024 to 2032.
Which region registered fastest CAGR from 2024 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of off-highway electric vehicle during the analysis period of 2024 to 2032.
What are the current trends and dynamics in the global off-highway electric vehicle industry?
The current trends and dynamics in the off-highway electric vehicle market include rising environmental regulations driving demand for cleaner vehicles, advancements in battery technology enhancing vehicle performance, and increasing investments in electric vehicle infrastructure.
Which propulsion held the maximum share in 2023?
The hybrid electric vehicle (HEV) held the maximum share of the off-highway electric vehicle industry.
Select Licence Type
Connect with our sales team
Why Acumen Research And Consulting
100%
Customer Satisfaction
24x7
Availability - we are always there when you need us
200+
Fortune 50 Companies trust Acumen Research and Consulting
80%
of our reports are exclusive and first in the industry
100%
more data and analysis
1000+
reports published till date
