France Off-highway Electric Vehicle Market Size & Outlook
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France off-highway electric vehicle market highlights
- The France off-highway electric vehicle market generated a revenue of USD 80.9 million in 2024 and is expected to reach USD 167.3 million by 2030.
- The France market is expected to grow at a CAGR of 12.5% from 2025 to 2030.
- In terms of segment, bev was the largest revenue generating propulsion in 2024.
- BEV is the most lucrative propulsion segment registering the fastest growth during the forecast period.
Off-highway electric vehicle market data book summary
| Market revenue in 2024 | USD 80.9 million |
| Market revenue in 2030 | USD 167.3 million |
| Growth rate | 12.5% (CAGR from 2025 to 2030) |
| Largest segment | Bev |
| Fastest growing segment | BEV |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HEV, BEV |
| Key market players worldwide | Caterpillar Inc, Volvo AB ADR, Komatsu Ltd, Deere & Co, Sandvik AB, Hitachi Construction Machinery Co Ltd, Epiroc AB DR, Doosan Fuel Cell Ordinary Shares, CNH Industrial NV, JCB |
Other key industry trends
- In terms of revenue, France accounted for 3.1% of the global off-highway electric vehicle market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany off-highway electric vehicle market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 407.0 million by 2030.
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Off-highway Electric Vehicle Market Scope
Off-highway Electric Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JCB | View profile | 10001+ | Rocester, Hampshire, United Kingdom, Europe | https://www.jcb.com |
| Doosan Fuel Cell Ordinary Shares | View profile | 466 | 275 Jangchungdan-ro, 17th Floor, Doosan Tower, Jung-gu, Seoul, Korea, Republic of | http://www.doosanfuelcell.com |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Epiroc AB DR | View profile | 18157 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-131 54 | https://www.epirocgroup.com |
| Hitachi Construction Machinery Co Ltd | View profile | 27697 | 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, Japan, 110-0015 | https://www.hitachicm.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
France off-highway electric vehicle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to off-highway electric vehicle market will help companies and investors design strategic landscapes.
Bev was the largest segment with a revenue share of 72.19% in 2024. Horizon Databook has segmented the France off-highway electric vehicle market based on hev, bev covering the revenue growth of each sub-segment from 2018 to 2030.
In France, the off-highway electric vehicle market is witnessing notable growth, propelled in part by advancements within the construction segment.
The country’s expanding construction sector has seen an increasing adoption of electric vehicles in response to the growing emphasis on sustainability and emission reduction.
Government initiatives promoting eco-friendly alternatives, alongside incentives for electric vehicle adoption, have spurred market momentum.
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Target buyers of France off-highway electric vehicle market databook
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Our clientele includes a mix of off-highway electric vehicle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the France off-highway electric vehicle market , including forecasts for subscribers. This country databook contains high-level insights into France off-highway electric vehicle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France off-highway electric vehicle market size, by propulsion, 2018-2030 (US$M)
France Off-highway Electric Vehicle Market Outlook Share, 2024 & 2030 (US$M)
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