Off-highway Electric Vehicle Market Size, Share & Trends Report

Off-highway Electric Vehicle Market Size, Share & Trends Analysis Report By Application Type (Construction, Agriculture, Mining), By Propulsion (BEV, HEV), By Storage Type, By Region, And Segment Forecasts, 2023 - 2030

Report ID: GVR-4-68039-161-1
Number of Pages: 120
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Technology

Market Segmentation

Off-highway Electric Vehicle Application Outlook (Revenue, USD Million, 2018 - 2030)
- Construction
- Agriculture
- Mining
Off-highway Electric Vehicle Propulsion Outlook (Revenue, USD Million, 2018 - 2030)
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
Off-highway Electric Vehicle Storage Type Outlook (Revenue, USD Million, 2018 - 2030)
- Li-ion
- Lead-acid
Off-highway Electric Vehicle Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Off-highway Electric Vehicle Market, by Application
    - Construction
    - Agriculture
    - Mining
  - North America Off-highway Electric Vehicle Market, by Propulsion
    - BEV
    - HEV
  - North America Off-highway Electric Vehicle Market, by Storage Type
    - Li-ion
    - Lead-acid
  - U.S.
    - U.S. Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - U.S. Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - U.S. Off-highway Storage Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Canada
    - Canada Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Canada Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Canada Off-highway Electric Vehicle Market, by Storage Type
      - BEV
      - HEV
- Europe
  - Europe Off-highway Electric Vehicle Market, by Application
    - Construction
    - Agriculture
    - Mining
  - Europe Off-highway Electric Vehicle Market, by Propulsion
    - BEV
    - HEV
  - Europe Off-highway Electric Vehicle Market, by Storage Type
    - Li-ion
    - Lead-acid
  - Germany
    - Germany Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Germany Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Germany Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - U.K.
    - U.K. Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - U.K. Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - U.K. Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - France
    - France Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - France Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - France Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Rest of Europe
    - Rest of Europe Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Rest of Europe Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Rest of Europe Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
- Asia Pacific
  - Asia Pacific Off-highway Electric Vehicle Market, by Application
    - Construction
    - Agriculture
    - Mining
  - Asia Pacific Off-highway Electric Vehicle Market, by Propulsion
    - BEV
    - HEV
  - Asia Pacific Off-highway Electric Vehicle Market, by Storage Type
    - Li-ion
    - Lead-acid
  - China
    - China Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - China Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - China Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Japan
    - Japan Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Japan Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Japan Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - India
    - India Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - India Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - India Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Rest of Asia Pacific
    - Rest of Asia Pacific Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Rest of Asia Pacific Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Rest of Asia Pacific Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
- Latin America
  - Latin America Off-highway Electric Vehicle Market, by Application
    - Construction
    - Agriculture
    - Mining
  - Latin America Off-highway Electric Vehicle Market, by Propulsion
    - BEV
    - HEV
  - Latin America Off-highway Electric Vehicle Market, by Storage Type
    - Li-ion
    - Lead-acid
  - Mexico
    - Mexico Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Mexico Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Mexico Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Brazil
    - Brazil Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Brazil Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Brazil Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
  - Rest of Latin America
    - Rest of Latin America Off-highway Electric Vehicle Market, by Application
      - Construction
      - Agriculture
      - Mining
    - Rest of Latin America Off-highway Electric Vehicle Market, by Propulsion
      - BEV
      - HEV
    - Rest of Latin America Off-highway Electric Vehicle Market, by Storage Type
      - Li-ion
      - Lead-acid
- Middle East and Africa
  - Middle East and Africa Off-highway Electric Vehicle Market, by Application
    - Construction
    - Agriculture
    - Mining
  - Middle East and Africa Off-highway Electric Vehicle Market, by Propulsion
    - BEV
    - HEV
  - Middle East and Africa Off-highway Electric Vehicle Market, by Storage Type
    - Li-ion
    - Lead-acid

Off-highway Electric Vehicle Market Dynamics

Driver: Favorable Initiatives Taken By Governments Worldwide

Rising number of construction spending globally is the primary factor to drive market growth. Electric off-highway vehicles are widely preferred for its environmental benefits. Huge demand to reduce carbon emissions and growing number of ecological footprints construction projects is anticipated to drive market growth. Favorable government initiatives coupled with growth in construction sector is projected to boost sale of the product. For instance, the U.S. government's infrastructure plan, unveiled in January 2021, aims to upgrade airports, modernize aging road infrastructure and transportation systems, and retrofit over two million houses and commercial buildings. Such initiatives are anticipated to result in aggressive non-residential construction expenditure and subsequently drive the demand for off-highway electric vehicles over the forecast period. Furthermore, growing population in Asian countries such as India and China is boosting the demand for better infrastructure, which is predicted to propel market progress.

Restraint: Fluctuating Prices Of Raw Materials

Several raw materials including non-ferrous metals and ferrous metals and alloys such as brass, copper, aluminum, steel, nickel, and zinc are used to manufacture off-highway electric vehicles. These raw materials costs keeps on fluctuating, which hamper the cost of off-highway electric vehicle. This volatility affects the overall cost of off-highway electric vehicles, potentially making them less competitive than traditional diesel-powered alternative

What Does This Report Include?

This section will provide insights into the contents included in this off-highway electric vehicle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Off-highway electric vehicle market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Off-highway electric vehicle market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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