Global Electric Off-highway Vehicle Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Electric Off-highway Vehicle Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

According to APO Research, The global Electric Off-highway Vehicle market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Electric Off-highway Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Electric Off-highway Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Electric Off-highway Vehicle is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Electric Off-highway Vehicle include AB Volvo, AGCO Corporation, Caterpillar, Inc., CRRC Corporation Limited, Cummins, Daimler, Sandvik AB, Massey Ferguson Ltd. and Mahindra & Mahindra Limited (Mahindra Powertrain), etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope


This report aims to provide a comprehensive presentation of the global market for Electric Off-highway Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Off-highway Vehicle.
The Electric Off-highway Vehicle market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Off-highway Vehicle market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights


In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

AB Volvo
AGCO Corporation
Caterpillar, Inc.
CRRC Corporation Limited
Cummins
Daimler
Sandvik AB
Massey Ferguson Ltd.
Mahindra & Mahindra Limited (Mahindra Powertrain)
Liebherr
Kubota Corp
Komatsu Ltd,
J. C. Bamford Excavators Ltd.
Husqvarna
Hitachi Construction Machinery Co. Ltd.
Epiroc AB
Doosan Corporation
Deutz
Deere
Sany Heavy Industries
Electric Off-highway Vehicle segment by Type

Battery Electric Vehicle
Hybrid Electric Vehicle
Electric Off-highway Vehicle segment by Application

Agricultural Equipment
Construction and Mining Equipment
Others
Electric Off-highway Vehicle Segment by Region

North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers


High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Off-highway Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Off-highway Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Off-highway Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Off-highway Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Off-highway Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Electric Off-highway Vehicle Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Electric Off-highway Vehicle Sales Estimates and Forecasts (2019-2030)
1.3 Electric Off-highway Vehicle Market by Type
1.3.1 Battery Electric Vehicle
1.3.2 Hybrid Electric Vehicle
1.4 Global Electric Off-highway Vehicle Market Size by Type
1.4.1 Global Electric Off-highway Vehicle Market Size Overview by Type (2019-2030)
1.4.2 Global Electric Off-highway Vehicle Historic Market Size Review by Type (2019-2024)
1.4.3 Global Electric Off-highway Vehicle Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Electric Off-highway Vehicle Sales Breakdown by Type (2019-2024)
1.5.2 Europe Electric Off-highway Vehicle Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Electric Off-highway Vehicle Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Electric Off-highway Vehicle Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Electric Off-highway Vehicle Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Electric Off-highway Vehicle Industry Trends
2.2 Electric Off-highway Vehicle Industry Drivers
2.3 Electric Off-highway Vehicle Industry Opportunities and Challenges
2.4 Electric Off-highway Vehicle Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Electric Off-highway Vehicle Revenue (2019-2024)
3.2 Global Top Players by Electric Off-highway Vehicle Sales (2019-2024)
3.3 Global Top Players by Electric Off-highway Vehicle Price (2019-2024)
3.4 Global Electric Off-highway Vehicle Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Electric Off-highway Vehicle Key Company Manufacturing Sites & Headquarters
3.6 Global Electric Off-highway Vehicle Company, Product Type & Application
3.7 Global Electric Off-highway Vehicle Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Electric Off-highway Vehicle Market CR5 and HHI
3.8.2 Global Top 5 and 10 Electric Off-highway Vehicle Players Market Share by Revenue in 2023
3.8.3 2023 Electric Off-highway Vehicle Tier 1, Tier 2, and Tier 3
4 Electric Off-highway Vehicle Regional Status and Outlook
4.1 Global Electric Off-highway Vehicle Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Off-highway Vehicle Historic Market Size by Region
4.2.1 Global Electric Off-highway Vehicle Sales in Volume by Region (2019-2024)
4.2.2 Global Electric Off-highway Vehicle Sales in Value by Region (2019-2024)
4.2.3 Global Electric Off-highway Vehicle Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Electric Off-highway Vehicle Forecasted Market Size by Region
4.3.1 Global Electric Off-highway Vehicle Sales in Volume by Region (2025-2030)
4.3.2 Global Electric Off-highway Vehicle Sales in Value by Region (2025-2030)
4.3.3 Global Electric Off-highway Vehicle Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Electric Off-highway Vehicle by Application
5.1 Electric Off-highway Vehicle Market by Application
5.1.1 Agricultural Equipment
5.1.2 Construction and Mining Equipment
5.1.3 Others
5.2 Global Electric Off-highway Vehicle Market Size by Application
5.2.1 Global Electric Off-highway Vehicle Market Size Overview by Application (2019-2030)
5.2.2 Global Electric Off-highway Vehicle Historic Market Size Review by Application (2019-2024)
5.2.3 Global Electric Off-highway Vehicle Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Electric Off-highway Vehicle Sales Breakdown by Application (2019-2024)
5.3.2 Europe Electric Off-highway Vehicle Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Electric Off-highway Vehicle Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Electric Off-highway Vehicle Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Electric Off-highway Vehicle Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 AB Volvo
6.1.1 AB Volvo Comapny Information
6.1.2 AB Volvo Business Overview
6.1.3 AB Volvo Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.1.4 AB Volvo Electric Off-highway Vehicle Product Portfolio
6.1.5 AB Volvo Recent Developments
6.2 AGCO Corporation
6.2.1 AGCO Corporation Comapny Information
6.2.2 AGCO Corporation Business Overview
6.2.3 AGCO Corporation Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.2.4 AGCO Corporation Electric Off-highway Vehicle Product Portfolio
6.2.5 AGCO Corporation Recent Developments
6.3 Caterpillar, Inc.
6.3.1 Caterpillar, Inc. Comapny Information
6.3.2 Caterpillar, Inc. Business Overview
6.3.3 Caterpillar, Inc. Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Caterpillar, Inc. Electric Off-highway Vehicle Product Portfolio
6.3.5 Caterpillar, Inc. Recent Developments
6.4 CRRC Corporation Limited
6.4.1 CRRC Corporation Limited Comapny Information
6.4.2 CRRC Corporation Limited Business Overview
6.4.3 CRRC Corporation Limited Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.4.4 CRRC Corporation Limited Electric Off-highway Vehicle Product Portfolio
6.4.5 CRRC Corporation Limited Recent Developments
6.5 Cummins
6.5.1 Cummins Comapny Information
6.5.2 Cummins Business Overview
6.5.3 Cummins Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Cummins Electric Off-highway Vehicle Product Portfolio
6.5.5 Cummins Recent Developments
6.6 Daimler
6.6.1 Daimler Comapny Information
6.6.2 Daimler Business Overview
6.6.3 Daimler Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Daimler Electric Off-highway Vehicle Product Portfolio
6.6.5 Daimler Recent Developments
6.7 Sandvik AB
6.7.1 Sandvik AB Comapny Information
6.7.2 Sandvik AB Business Overview
6.7.3 Sandvik AB Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Sandvik AB Electric Off-highway Vehicle Product Portfolio
6.7.5 Sandvik AB Recent Developments
6.8 Massey Ferguson Ltd.
6.8.1 Massey Ferguson Ltd. Comapny Information
6.8.2 Massey Ferguson Ltd. Business Overview
6.8.3 Massey Ferguson Ltd. Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Massey Ferguson Ltd. Electric Off-highway Vehicle Product Portfolio
6.8.5 Massey Ferguson Ltd. Recent Developments
6.9 Mahindra & Mahindra Limited (Mahindra Powertrain)
6.9.1 Mahindra & Mahindra Limited (Mahindra Powertrain) Comapny Information
6.9.2 Mahindra & Mahindra Limited (Mahindra Powertrain) Business Overview
6.9.3 Mahindra & Mahindra Limited (Mahindra Powertrain) Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Mahindra & Mahindra Limited (Mahindra Powertrain) Electric Off-highway Vehicle Product Portfolio
6.9.5 Mahindra & Mahindra Limited (Mahindra Powertrain) Recent Developments
6.10 Liebherr
6.10.1 Liebherr Comapny Information
6.10.2 Liebherr Business Overview
6.10.3 Liebherr Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Liebherr Electric Off-highway Vehicle Product Portfolio
6.10.5 Liebherr Recent Developments
6.11 Kubota Corp
6.11.1 Kubota Corp Comapny Information
6.11.2 Kubota Corp Business Overview
6.11.3 Kubota Corp Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Kubota Corp Electric Off-highway Vehicle Product Portfolio
6.11.5 Kubota Corp Recent Developments
6.12 Komatsu Ltd,
6.12.1 Komatsu Ltd, Comapny Information
6.12.2 Komatsu Ltd, Business Overview
6.12.3 Komatsu Ltd, Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Komatsu Ltd, Electric Off-highway Vehicle Product Portfolio
6.12.5 Komatsu Ltd, Recent Developments
6.13 J. C. Bamford Excavators Ltd.
6.13.1 J. C. Bamford Excavators Ltd. Comapny Information
6.13.2 J. C. Bamford Excavators Ltd. Business Overview
6.13.3 J. C. Bamford Excavators Ltd. Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.13.4 J. C. Bamford Excavators Ltd. Electric Off-highway Vehicle Product Portfolio
6.13.5 J. C. Bamford Excavators Ltd. Recent Developments
6.14 Husqvarna
6.14.1 Husqvarna Comapny Information
6.14.2 Husqvarna Business Overview
6.14.3 Husqvarna Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Husqvarna Electric Off-highway Vehicle Product Portfolio
6.14.5 Husqvarna Recent Developments
6.15 Hitachi Construction Machinery Co. Ltd.
6.15.1 Hitachi Construction Machinery Co. Ltd. Comapny Information
6.15.2 Hitachi Construction Machinery Co. Ltd. Business Overview
6.15.3 Hitachi Construction Machinery Co. Ltd. Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Hitachi Construction Machinery Co. Ltd. Electric Off-highway Vehicle Product Portfolio
6.15.5 Hitachi Construction Machinery Co. Ltd. Recent Developments
6.16 Epiroc AB
6.16.1 Epiroc AB Comapny Information
6.16.2 Epiroc AB Business Overview
6.16.3 Epiroc AB Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Epiroc AB Electric Off-highway Vehicle Product Portfolio
6.16.5 Epiroc AB Recent Developments
6.17 Doosan Corporation
6.17.1 Doosan Corporation Comapny Information
6.17.2 Doosan Corporation Business Overview
6.17.3 Doosan Corporation Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Doosan Corporation Electric Off-highway Vehicle Product Portfolio
6.17.5 Doosan Corporation Recent Developments
6.18 Deutz
6.18.1 Deutz Comapny Information
6.18.2 Deutz Business Overview
6.18.3 Deutz Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Deutz Electric Off-highway Vehicle Product Portfolio
6.18.5 Deutz Recent Developments
6.19 Deere
6.19.1 Deere Comapny Information
6.19.2 Deere Business Overview
6.19.3 Deere Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.19.4 Deere Electric Off-highway Vehicle Product Portfolio
6.19.5 Deere Recent Developments
6.20 Sany Heavy Industries
6.20.1 Sany Heavy Industries Comapny Information
6.20.2 Sany Heavy Industries Business Overview
6.20.3 Sany Heavy Industries Electric Off-highway Vehicle Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Sany Heavy Industries Electric Off-highway Vehicle Product Portfolio
6.20.5 Sany Heavy Industries Recent Developments
7 North America by Country
7.1 North America Electric Off-highway Vehicle Sales by Country
7.1.1 North America Electric Off-highway Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Electric Off-highway Vehicle Sales by Country (2019-2024)
7.1.3 North America Electric Off-highway Vehicle Sales Forecast by Country (2025-2030)
7.2 North America Electric Off-highway Vehicle Market Size by Country
7.2.1 North America Electric Off-highway Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Electric Off-highway Vehicle Market Size by Country (2019-2024)
7.2.3 North America Electric Off-highway Vehicle Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Electric Off-highway Vehicle Sales by Country
8.1.1 Europe Electric Off-highway Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Electric Off-highway Vehicle Sales by Country (2019-2024)
8.1.3 Europe Electric Off-highway Vehicle Sales Forecast by Country (2025-2030)
8.2 Europe Electric Off-highway Vehicle Market Size by Country
8.2.1 Europe Electric Off-highway Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Electric Off-highway Vehicle Market Size by Country (2019-2024)
8.2.3 Europe Electric Off-highway Vehicle Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Electric Off-highway Vehicle Sales by Country
9.1.1 Asia-Pacific Electric Off-highway Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Electric Off-highway Vehicle Sales by Country (2019-2024)
9.1.3 Asia-Pacific Electric Off-highway Vehicle Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Electric Off-highway Vehicle Market Size by Country
9.2.1 Asia-Pacific Electric Off-highway Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Electric Off-highway Vehicle Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Electric Off-highway Vehicle Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Electric Off-highway Vehicle Sales by Country
10.1.1 Latin America Electric Off-highway Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Electric Off-highway Vehicle Sales by Country (2019-2024)
10.1.3 Latin America Electric Off-highway Vehicle Sales Forecast by Country (2025-2030)
10.2 Latin America Electric Off-highway Vehicle Market Size by Country
10.2.1 Latin America Electric Off-highway Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Electric Off-highway Vehicle Market Size by Country (2019-2024)
10.2.3 Latin America Electric Off-highway Vehicle Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Electric Off-highway Vehicle Sales by Country
11.1.1 Middle East and Africa Electric Off-highway Vehicle Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Electric Off-highway Vehicle Sales by Country (2019-2024)
11.1.3 Middle East and Africa Electric Off-highway Vehicle Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Electric Off-highway Vehicle Market Size by Country
11.2.1 Middle East and Africa Electric Off-highway Vehicle Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Electric Off-highway Vehicle Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Electric Off-highway Vehicle Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Electric Off-highway Vehicle Value Chain Analysis
12.1.1 Electric Off-highway Vehicle Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Electric Off-highway Vehicle Production Mode & Process
12.2 Electric Off-highway Vehicle Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Electric Off-highway Vehicle Distributors
12.2.3 Electric Off-highway Vehicle Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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