Europe Off-highway Electric Vehicles Market Size, Share & Trends Analysis Report By Propulsion (Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV)), By Application, By Battery Type, By Country and Growth Forecast, 2025 - 2032

The Europe Off-highway Electric Vehicles Market would witness market growth of 20.6% CAGR during the forecast period (2025-2032).

The Germany market dominated the Europe Off-highway Electric Vehicles Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $2,870.6 Million by 2032. The UK market is exhibiting a CAGR of 19.4% during (2025 - 2032). Additionally, The France market would experience a CAGR of 22% during (2025 - 2032).

Electric tractors, harvesters, and autonomous agricultural drones are becoming increasingly common as farmers seek sustainable solutions. These vehicles reduce carbon footprints and offer increased automation and precision in farming operations, improving productivity. Integrating AI and IoT technologies in electric farming equipment enables real-time monitoring, predictive maintenance, and optimized resource usage.

Mining operations rely on large fleets of off-highway vehicles such as haul trucks, loaders, and drilling rigs. Underground mining requires stringent air quality standards, so electric vehicles significantly reduce emissions, improving worker safety. Battery-powered and hybrid mining trucks reduce ventilation costs and enhance energy efficiency, making them a preferred choice for companies aiming for sustainable mining operations.

The market is expanding globally, driven by sustainability initiatives, industrial modernization, and increased mining, agriculture, and construction investments. These industries play a significant role in economic development in Europe and the UK, shaping the demand for electric heavy machinery. In 2020, the mining and quarrying sector in the EU generated €27.1 billion in value-added, with Poland and Germany being the largest contributors. Mining metal ores (17.1% of sectoral turnover) and other mining activities (40.5%) highlight the sector’s significance. Similarly, Europe’s construction sector, which accounted for 5-6% of GVA between 2010 and 2021, remains a strong economic driver. Countries like Finland (7.7%), Romania (7.3%), Austria (7.2%), and Lithuania (7.1%) reported the highest contributions in 2021. Agriculture is crucial to the UK’s economy, contributing 0.5% to GDP in 2021. With farmers and land managers controlling 71% of UK land, mechanization in agriculture is essential for efficiency and sustainability. Therefore, the market in Europe and the UK is growing due to increasing mining, construction, and agricultural activities.

Based on Propulsion, the market is segmented into Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Application, the market is segmented into Agriculture, Mining, and Construction. Based on Battery Type, the market is segmented into Li-ion and Lead-acid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Caterpillar, Inc.
  • CNH Industrial N.V.
  • Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
  • J C Bamford Excavators Ltd.
  • Komatsu Ltd.
  • Volvo Construction Equipment AB (Volvo Group)
  • Deere & Company
  • Doosan Corporation
  • Sandvik AB
  • Epiroc AB
Europe Off-highway Electric Vehicles Market Report Segmentation

By Propulsion
  • Geospatial Mapping
  • Disaster Management
  • Energy & Resource Management
  • Surveillance & Monitoring
By Application
  • Agriculture
  • Mining
  • Construction
By Battery Type
  • Li-ion
  • Lead-acid
By Country
  • Germany
  • UK
  • France
  • Russia
  • Netherlands
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Off-highway Electric Vehicles Market, by Propulsion
1.4.2 Europe Off-highway Electric Vehicles Market, by Application
1.4.3 Europe Off-highway Electric Vehicles Market, by Battery Type
1.4.4 Europe Off-highway Electric Vehicles Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Jun – 2025, Jan) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Off-highway Electric Vehicles Market by Propulsion
5.1 Europe Battery Electric Vehicle (BEV) Market by Country
5.2 Europe Hybrid Electric Vehicle (HEV) Market by Country
Chapter 6. Europe Off-highway Electric Vehicles Market by Application
6.1 Europe Agriculture Market by Country
6.2 Europe Mining Market by Country
6.3 Europe Construction Market by Country
Chapter 7. Europe Off-highway Electric Vehicles Market by Battery Type
7.1 Europe Li-ion Market by Country
7.2 Europe Lead-acid Market by Country
Chapter 8. Europe Off-highway Electric Vehicles Market by Country
8.1 Germany Off-highway Electric Vehicles Market
8.1.1 Germany Off-highway Electric Vehicles Market by Propulsion
8.1.2 Germany Off-highway Electric Vehicles Market by Application
8.1.3 Germany Off-highway Electric Vehicles Market by Battery Type
8.2 UK Off-highway Electric Vehicles Market
8.2.1 UK Off-highway Electric Vehicles Market by Propulsion
8.2.2 UK Off-highway Electric Vehicles Market by Application
8.2.3 UK Off-highway Electric Vehicles Market by Battery Type
8.3 France Off-highway Electric Vehicles Market
8.3.1 France Off-highway Electric Vehicles Market by Propulsion
8.3.2 France Off-highway Electric Vehicles Market by Application
8.3.3 France Off-highway Electric Vehicles Market by Battery Type
8.4 Russia Off-highway Electric Vehicles Market
8.4.1 Russia Off-highway Electric Vehicles Market by Propulsion
8.4.2 Russia Off-highway Electric Vehicles Market by Application
8.4.3 Russia Off-highway Electric Vehicles Market by Battery Type
8.5 Netherlands Off-highway Electric Vehicles Market
8.5.1 Netherlands Off-highway Electric Vehicles Market by Propulsion
8.5.2 Netherlands Off-highway Electric Vehicles Market by Application
8.5.3 Netherlands Off-highway Electric Vehicles Market by Battery Type
8.6 Italy Off-highway Electric Vehicles Market
8.6.1 Italy Off-highway Electric Vehicles Market by Propulsion
8.6.2 Italy Off-highway Electric Vehicles Market by Application
8.6.3 Italy Off-highway Electric Vehicles Market by Battery Type
8.7 Rest of Europe Off-highway Electric Vehicles Market
8.7.1 Rest of Europe Off-highway Electric Vehicles Market by Propulsion
8.7.2 Rest of Europe Off-highway Electric Vehicles Market by Application
8.7.3 Rest of Europe Off-highway Electric Vehicles Market by Battery Type
Chapter 9. Company Profiles
9.1 Caterpillar, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 CNH Industrial N.V
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 J C Bamford Excavators Ltd.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Komatsu Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Volvo Construction Equipment AB (Volvo Group)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 Deere & Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Doosan Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Sandvik AB
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Epiroc AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis

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