Global Off-highway Electric Vehicle Market – Industry Trends and Forecast to 2026

  • Automotive
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Off-highway Electric Vehicle Market By Equipment (Dump Truck, Dozer, Excavator, Motor Grader, Lhd, Loader, Lawn Mower, Sprayer, Tractor), Battery Type (Lithium- ion, Nickel Metal Hydride, Lead- Acid, Others), Battery Capacity (<50 Kwh, 50–200 Kwh, 200–500 Kwh, >500 Kwh), Propulsion Type (Battery Electric, Hybrid Electric), Power Output (<50 Hp, 50–150 Hp, 150–300 Hp, >300 Hp), Electric Trator Equipment (Lawn Mower, Sprayer, Tractor), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Off-highway Electric Vehicle Market

Global off-highway electric vehicle market is set to witness a healthy CAGR of 24.98% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement in industrial sector and growing demand for farm equipment are the factor for the market growth.

Market Definition: Global Off-highway Electric Vehicle Market

An electric vehicle is a vehicle which is powered entirely or partially by electricity. They use one or more electric motors for propulsion purposes. They usually store energy in the battery. Different batteries such as lithium- ion, lead acid, and nickel metal hybrid are used in these electric vehicles. Some of the common off highway EV equipment are dump truck, Lhd, loafer, lawn mower, sprayer, and other. Off-road hybrid electric vehicles are armed with a diesel engine and a restorative energy storage system to improve fuel efficiency.

Market Drivers:

  • They create less vibration and noise which will drive the market growth
  • Increasing awareness about the environmental benefits of EV will also accelerate the market growth
  • Low cost of upgrade is another factor boosting the growth of the market in the forecast period
  • The efficiency of off-highway electric vehicle also uplifts the demand of the market

Market Restraints:

  • High investment cost of EV will hamper the market growth
  • Unavailability of charging stations will also restrain the market
  • Less acceptance of electric vehicles among population is another factor restricting this market growth

Segmentation: Global Off-highway Electric Vehicle Market

By Equipment

  • Dump Truck
  • Dozer
  • Excavator
  • Motor Grader
  • Lhd
  • Loader
  • Lawn Mower
  • Sprayer
  • Tractor

By Battery Type

  • Lithium- ion
  • Nickel Metal Hydride
  • Lead- Acid
  • Others

By Battery Capacity

  • <50 Kwh
  • 50–200 Kwh
  • 200–500 Kwh
  • >500 Kwh

By Propulsion Type

  • Battery Electric
  • Hybrid Electric

By Power Output

  • <50 Hp
  • 50–150 Hp
  • 150–300 Hp
  • >300 Hp

By Electric Trator Equipment

  • Lawn Mower
  • Sprayer
  • Tractor

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In January 2019, Sandvik AB announced the acquisition of Artisan Vehicle Systems. With high-powered, extremely reliable and field-proven battery electric powertrains, Artisan's underground mining loaders and trucks are designed. This acquisition will help the company to strengthen their position in the market and will help them to offer better solution and services to their customer
  • In September 2017, AGCO Fendt announced the launch of their all-electric tractor Fendt e100 Vario which has the ability to perform different function with the need of recharging, The high-capacity lithium-ion battery of the compact tractor has a 50kW output that lasts up to five hours and can either be charged with 400V and up to 22kW via a standard outdoor CEE socket or a direct-voltage supercharging option. This new tractor is very cost effective and also reduce carbon emissions

Competitive Analysis:

Global off-highway electric vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of off-highway electric vehicle market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global off-highway electric vehicle market are Hitachi Construction Machinery Co., Ltd; Caterpillar; Komatsu America Corp; AB Volvo; Deere & Company; CNH Industrial; Sandvik AB; Liebherr Group; Epiroc Mining India Limited; Terex; DEUTZ AG; Atlas Copco UK Holdings Ltd; AGCO GmbH.; Zoomlion Heavy Industry Science&Technology Co., Ltd.; KUBOTA Corporation; Rockwell Automation, Inc.; among others.

Research Methodology: Global Off-highway Electric Vehicle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions