Electric Off-highway Vehicle Market is forecasted to value over USD 24.2 billion by 2028 end and register a CAGR of 23% from the forecast period 2021-2028.
With the advent of IoT and AI, the automotive industry is bound to showcase significant growth in the upcoming years. The rise in the manufacturing of autonomous vehicles, the customers obtaining predictive maintenance data, understanding traffic dynamics are some of the factors that have resulted in the significant growth of the automotive industry. Furthermore, many car dealers are using the latest technologies like augmented reality which enhances the buying experience of consumers. Major car manufacturers are slowly adopting Electric Off-highway Vehicle owing to the air pollution caused by gasoline and diesel vehicles which has opened new opportunities for emerging players to establish their position in the market.
The Electric Off-highway Vehicle Market assessment is performed taking various factors into consideration, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of market players. The Electric Off-highway Vehicle Market is also evaluated based on the regional segmentation, product type or technique, end-user spectrum, etc. This research will be conducted with the implementation of the latest market research methodologies which shall help organizations comprehend the overall market scenario and strategize accordingly.
Major players included in the Electric Off-highway Vehicle Market:
- Hitachi Construction Machinery
- Caterpillar
- Komatsu
- JCB
- Volvo Construction Equipment
- Deere & Company
- BYD Company Ltd.
- Sandvik
- Liebherr
- Epiroc
- Solectrac, Inc.
- Dana Limited
- Deutz Ag
- Fendt
- Kobelco Construction Machinery Europe B.v.
- Husqvarna
- Stihl Holding Ag And Co. Kg
- Exel Industries
(Note: The list of the major players will be updated with the latest market scenario and trends)
Electric Off-highway Vehicle Market Segmentation:
By Equipment Type
- Electric Excavator
- Electric Motor Grader
- Electric Dozer
- Electric Loader
- Electric Dump Truck
- Electric Load-haul-dump Loader(LHD)
- Electric Lawnmower
- Electric Sprayer
- Electric Tractor
By Application
- Construction
- Mining
- Agriculture
- Gardening
By Propulsion
- Hybrid-electric
- Battery-electric
By Battery Type
- Lithium-ion
- Lead-acid
- Other Batteries
By Battery Capacity
- <50 Kwh
- 50200 Kwh
- 200500 Kwh
- >500 Kwh
By Power Output
- <50 HP
- 50150 HP
- 150300 HP
- >300 HP
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Electric Off-highway Vehicle Market Competitive Analysis:
- Tier-1 Players
- Tier-2 Players
- Emerging Players
- New Entrants
Future Market Analytics Focus Points:
- SWOT Analysis
- Key Market Trends
- Key Data -Points Affecting Market Growth
- Revenue and Forecast Analysis
- Growth Opportunities For New Entrants and Emerging Players
- Key Player and Market Growth Matrix
Objectives of the Study:
- To provide a comprehensive analysis on the Electric Off-highway Vehicle Market by equipment type, by application, by propulsion, by battery type, by battery capacity, by power output and by region
- To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
- To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
- To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:enquiry@futuremarketanalytics.com
