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Market Snapshot

CAGR:6.12

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.12

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Report Overview

The ‘Off-highway Electric Vehicle Market’ Report published by Market Expertz gives a detailed analysis of the significant growth trends seen in the industry. The report also includes valuable information pertaining to the growth of the industry, market dynamics, profit margin, market share assessment, gross revenue, and market estimations for the business vertical for the years 2020 to 2026. The study also traces the competitive scenario in the global market to highlight the prominent players in the industry that control a sizable portion of the total market share, along with their product portfolio and prevalent expansion strategies.

In this report, the global Off-highway Electric Vehicle market is valued at USD 6 billion in 2019 and is expected to reach around USD 24 billion by the end of 2027, growing at a CAGR of around 21% between 2019 and 2027.

The Off-highway Electric Vehicle market study investigates the business sphere and includes scrutiny of the essential aspects that are expected to influence the market outlook. The report consists of key data related to revenue generation, current market scenario, market share, product range, market size, and profit margin estimated for the forecast period.

The report acts as an exhaustive summary of the estimated growth of the market through the forecast years. The industry-wide assessment entails a study of the key market factors that could potentially impact the growth of the market and also projects the growth pattern that the market is expected to exhibit in the forecast duration. The report sheds light on the challenges and hurdles that market players will face in the Off-highway Electric Vehicle market in the coming years, underlining the growth prospects prevalent in the market that are speculated to impact the industry trends.

LEADING PLAYERS

The report gives an in-depth assessment of the top companies functioning in the global sector and controlling a sizable portion of the overall market. This section also breaks down the expansion tactics adopted by these companies, along with a detailed assessment of their strategic initiatives by highlighting recent deals, mergers & acquisitions, joint ventures, collaborations, product launches, and technological upgradation. The report creates elaborate company profiles of all leading companies to provide the readers with all relevant data on the competitive landscape, enabling them to capitalize on existing and emerging growth prospects by taking well-informed decisions.

Highlights from the competitive outlook of the Off-highway Electric Vehicle market:

Companies engaged in the industry:

Caterpillar, CNH Industrial N.V., Volvo Construction Equipment AB, J C Bamford Excavators Ltd., Komatsu Ltd., Doosan Corporation, Deere & Company, Epiroc AB, Sandvik AB, and Hitachi Construction Machinery Co., Ltd

Critical parameters assessed as part of the competitive landscape in the report:

Gross Revenue
Profit margins
Product sales trends
Industry analysis of each company
Overview of the organization
Product pricing
Company profiles
Sales and distribution channels

An extensive analysis of the Off-highway Electric Vehicle market with regards to the product landscape and application spectrum:

Propulsion Type landscape:

Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)

Application landscape:

Construction, Mining, Agriculture

Information offered in the report:

Anticipated returns to be recorded by each of the application listed in the report
Market share accounted by every application segment over the analysis period
Growth rate projected for all the application segments for the coming years

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Regional outlook of the Off-highway Electric Vehicle market:

The Global Off-highway Electric Vehicle Market has been segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

An overview of the information included in the report relating to the geographical indicators:

Data related to the consumption rate in each region
Expected rise in the consumption rate in all regions over the forecast period
Projected growth in market share of every region studied in the report
Regional contribution and revenue generation by all geographies
Anticipated growth rate over the projected duration for every region

Key highlights of the Off-highway Electric Vehicle market report:

Regional demand estimation and forecast
Pre-commodity pricing volatility
Technological updates analysis
Location Quotients Analysis
Raw Material Sourcing Strategy
Competitive Analysis
Product Mix Matrix
Vendor Management
Cost Benefit Analysis
Supply chain optimization analysis
Patent Analysis
Carbon Footprint Analysis
R & D Analysis
Mergers and Acquisitions

Other essential aspects of the report:

The study encompasses details about critical parameters that are expected to influence the growth of the market in the future.
It further discusses the driving factors and explains their impact on the profit generation of this sector.
The study includes information pertaining to the challenges that the market could potentially encounter over the anticipated timeline and its impact on the market space.

TABLE OF CONTENTS: GLOBAL OFF-HIGHWAY ELECTRIC VEHICLE MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. OFF-HIGHWAY ELECTRIC VEHICLE MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Off-highway Electric Vehicle Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. OFF-HIGHWAY ELECTRIC VEHICLE MARKET BY Propulsion Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Battery Electric Vehicle (BEV)

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Hybrid Electric Vehicle (HEV)

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. OFF-HIGHWAY ELECTRIC VEHICLE MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Construction

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Mining

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Agriculture

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. OFF-HIGHWAY ELECTRIC VEHICLE MARKET REGIONAL OUTLOOK

7.1. Off-highway Electric Vehicle Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Off-highway Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Off-highway Electric Vehicle Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Off-highway Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Caterpillar

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. CNH Industrial N.V.

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Volvo Construction Equipment AB

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. J C Bamford Excavators Ltd

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Komatsu Ltd

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Doosan Corporation

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Deere & Company

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Epiroc AB

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Sandvik AB

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Hitachi Construction Machinery Co., Ltd

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Off Highway Electric Vehicle Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032