Global Electric Off-highway Equipment Market Growth 2025-2031

The global Electric Off-highway Equipment market size is predicted to grow from US$ 32600 million in 2025 to US$ 73150 million in 2031; it is expected to grow at a CAGR of 14.4% from 2025 to 2031."Electric Off-highway Equipment" refers to vehicles and machinery designed for use in off-road environments, such as construction sites, mining operations, agriculture, and forestry, that are powered by electric propulsion systems. The term encompasses a variety of heavy-duty equipment traditionally powered by internal combustion engines but has been electrified for improved efficiency, reduced emissions, and sometimes lower operational costs.

Global key players of Electric Off-highway Equipment include Toyota Material Handling, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, etc. The top five players hold a share about 39%. Europe is the largest market, and has a share about 34%, followed by Asia-Pacific and North America with share 33% and 25%, separately. In terms of product type, Electric Forklift & Tow Tractor is the largest segment, occupied for a share of 73%. In terms of application, Warehouse and Logistics has a share about 47 percent.

LP Information, Inc. (LPI) ' newest research report, the “Electric Off-highway Equipment Industry Forecast” looks at past sales and reviews total world Electric Off-highway Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Off-highway Equipment sales for 2025 through 2031. With Electric Off-highway Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Off-highway Equipment industry.

This Insight Report provides a comprehensive analysis of the global Electric Off-highway Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Off-highway Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Off-highway Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Off-highway Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Off-highway Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Off-highway Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Loaders

Excavators

Dump Trucks

Electric Forklift & Tow Tractor

Tractor

Others

Segmentation by Application:

Construction

Mining

Water Conservancy

Warehouse and Logistics

Agriculture and Forestry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Toyota Material Handling

Kion

Jungheinrich

Mitsubishi Logisnext

Hyster-Yale

Komatsu

Crown Equipment Corporation

Caterpillar

Anhui Heli

Hangcha

Doosan

Sandvik AB

Hitachi Construction Machinery

Shaanxi Tonly Heavy Industries

Volvo Construction Equipment

YANMAR

KUBOTA Corporation

CIFA (Zoomlion)

Sunward Intelligent

XCMG

Liebherr

Zhengzhou Yutong Heavy Industry

John Deere

BRETON

SANY Group

Shantui Construction Machinery

Tianjin Know-how Technology

Huzhou Hongwei New Energy Automobile

Liugong Machinery

Monarch Tractor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Off-highway Equipment market?

What factors are driving Electric Off-highway Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Off-highway Equipment market opportunities vary by end market size?

How does Electric Off-highway Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.