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Electric Off-Highway Equipment - Global Strategic Business Report

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    Report

  • 271 Pages
  • June 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 6069008
Description Jump to:
The global market for Electric Off-Highway Equipment was estimated at US$2.2 Billion in 2024 and is projected to reach US$4.8 Billion by 2030, growing at a CAGR of 13.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Electric Off-Highway Equipment market.

Global Electric Off-Highway Equipment Market - Key Trends & Drivers Summarized

How Is the Push for Decarbonization Redefining Off-Highway Equipment Innovation?

As the global focus on decarbonization intensifies, electric off-highway equipment is emerging as a transformative force in traditionally diesel-dominated sectors such as construction, mining, agriculture, and material handling. These industries, long associated with high emissions, are now at the forefront of the transition to low-carbon operations, propelled by environmental regulations, emission zone restrictions, and net-zero commitments. Electrification efforts are being driven not only by regulatory mandates but also by increasing pressure from investors and stakeholders demanding sustainable operations. Equipment manufacturers are responding with an expanding lineup of electric bulldozers, excavators, loaders, dump trucks, and agricultural machinery, powered by advanced lithium-ion batteries and electric drivetrains. Many of these machines offer similar or superior performance compared to their diesel counterparts, with benefits such as reduced noise, lower heat generation, and fewer moving parts. Particularly in urban construction zones, underground mining operations, and sensitive ecological areas, electric machines are rapidly becoming the preferred choice due to their zero-emission operation and reduced environmental footprint. Equipment electrification is also reshaping how fleets are managed, serviced, and operated, with new digital tools enabling real-time monitoring, predictive maintenance, and optimized energy usage. Global OEMs and startups alike are investing heavily in R&D, while public-private partnerships and government-backed pilot projects are accelerating the deployment of electric machinery in live jobsite environments.

Why Are Construction and Mining Giants Turning to Electric Alternatives?

The construction and mining sectors are experiencing a paradigm shift as they adopt electric equipment to meet operational goals, regulatory demands, and sustainability targets. These industries are under increasing scrutiny due to their carbon-intensive nature, and as a result, companies are actively exploring electric alternatives that not only meet environmental requirements but also offer long-term economic benefits. For mining operators, electric off-highway equipment such as electric haul trucks and loaders offer compelling advantages in enclosed and underground environments where air quality, ventilation, and noise control are major concerns. Similarly, in the construction industry, electric compact excavators, skid steers, and wheel loaders are being deployed in urban areas where emissions and noise levels are tightly regulated. OEMs are developing purpose-built electric models that can be tailored to specific operational profiles, whether for infrastructure projects, roadwork, tunneling, or material handling. The availability of fast-charging systems, modular battery packs, and swappable battery technologies is reducing downtime and enhancing operational flexibility. Meanwhile, the electrification of support equipment - such as compressors, lighting towers, and mobile charging units - is ensuring that job sites can function fully on electric power. Equipment leasing companies are also incorporating electric models into their rental fleets, helping smaller contractors and operators access cleaner machines without large capital investment. These market developments are supported by government procurement policies, green certification programs, and rising demand for ESG-compliant construction projects, particularly in Europe and North America. As the benefits of electrification become increasingly tangible in real-world applications, adoption is expected to accelerate significantly.

What Role Is Technology Playing in Powering the Transition to Electric Equipment?

Technology is playing a crucial role in the evolution of electric off-highway equipment, enabling significant improvements in performance, reliability, and integration with broader digital ecosystems. Battery technology has advanced rapidly, with high-capacity lithium-ion and emerging solid-state batteries delivering the energy density required for heavy-duty use while maintaining manageable size and weight. These batteries are increasingly paired with intelligent battery management systems (BMS) that optimize charging cycles, monitor thermal performance, and extend lifecycle reliability. Power electronics, including inverters and converters, have also evolved to handle the high-power demands of electric machinery while improving overall energy efficiency. Telematics, IoT connectivity, and cloud-based fleet management platforms are now embedded into electric equipment, offering real-time insights into equipment health, energy consumption, utilization patterns, and location tracking. This data-driven approach enables predictive maintenance, reduces unscheduled downtime, and facilitates better resource allocation on the job site. Autonomous and semi-autonomous functionalities, which are easier to integrate into electric platforms due to digital native architecture, are gaining traction in applications such as haulage and repetitive material transport. Charging infrastructure, both fixed and mobile, is being developed in parallel, with solar-powered charging stations and battery swapping solutions increasingly used in remote or off-grid locations. Manufacturers are also designing modular equipment that can be easily adapted or scaled for different applications, increasing operational flexibility. All of these technological advancements are converging to not only improve machine performance but also enhance the return on investment for operators adopting electric off-highway equipment.

What Factors Are Fueling the Growth in the Electric Off-Highway Equipment Market?

The growth in the electric off-highway equipment market is driven by several factors directly linked to technological advancement, changing end-user needs, and evolving operational environments. One of the primary drivers is the growing demand for low-emission, noise-free machinery in urban construction zones, enclosed mining environments, and environmentally sensitive regions. The adoption of high-performance lithium-ion batteries with faster charging and longer runtime is making electrification more practical for high-utilization, heavy-duty applications. The increasing cost of diesel fuel and maintenance-intensive ICE equipment is pushing fleet operators toward electric alternatives with lower operating costs and fewer moving parts. Regulatory pressure from governments and municipalities to reduce carbon footprints and adhere to emissions caps is creating a favorable policy landscape that incentivizes electrification. The rapid rise of ESG-focused investment is encouraging mining, construction, and agriculture companies to transition to cleaner equipment as part of their sustainability strategies. Growing awareness of occupational safety and health standards is also playing a role, as electric machines emit less noise and heat, improving on-site working conditions. Additionally, the electrification of support infrastructure - such as mobile charging systems, grid connections, and renewable power integration - is removing historical adoption barriers. Equipment rental and leasing companies are increasingly adding electric models to their fleets, providing access to smaller operators and contractors. Public infrastructure investment, especially in green construction and sustainable urban development, is driving demand for clean machinery. Finally, as OEMs introduce a wider variety of electric models with platform flexibility, customizable configurations, and digital integration, the market for electric off-highway equipment is poised for rapid and sustained growth across global industrial sectors.

Scope of Study:

The report analyzes the Electric Off-Highway Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:
  • Segments: Type (Excavators Type, Loaders Type, Dump Trucks Type, Other Types); Propulsion (Electric Propulsion, Hybrid Electric Propulsion)
  • Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Excavators Type segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 11.3%. The Loaders Type segment is also set to grow at 16.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $603.0 Million in 2024, and China, forecasted to grow at an impressive 17.8% CAGR to reach $994.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Electric Off-Highway Equipment Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Off-Highway Equipment Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Electric Off-Highway Equipment Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as AGCO Corporation, BEML Limited, Caterpillar Inc., CNH Industrial N.V., CNH Industrial N.V. and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this Electric Off-Highway Equipment market report include:

  • AGCO Corporation
  • BEML Limited
  • Caterpillar Inc.
  • CNH Industrial N.V.
  • CNH Industrial N.V.
  • Doosan Infracore
  • Epiroc AB
  • Hitachi Construction Machinery Co., Ltd.
  • Hyundai Construction Equipment
  • JCB (J.C. Bamford Excavators Ltd.)
  • John Deere (Deere & Company)
  • Komatsu Ltd.
  • Kubota Corporation
  • Liebherr Group
  • OJSC BelAZ
  • Sandvik AB
  • SANY Group
  • Terex Corporation
  • Volvo Construction Equipment
  • XCMG Group

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

  • Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
  • Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
  • Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
  • Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
  • Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
  • Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
  • Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Tariff Impact on Global Supply Chain Patterns
Electric Off-Highway Equipment - Global Key Competitors Percentage Market Share in 2025 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Decarbonization Pressure in Construction and Mining Sectors Throws the Spotlight on Electric Off-Highway Machinery
Stricter Emission Regulations and Low-Noise Mandates Spur Growth in Electrified Heavy Equipment Adoption
Rising Fuel Costs and TCO Sensitivity Propel Market Shift from Diesel to Battery-Electric Platforms
Electrification of Underground and Indoor Operations Expands Addressable Market for Zero-Emission Equipment
Advancements in Battery Density, Swappability, and Fast Charging Drive Operational Feasibility in Heavy-Duty Use
Integration with Autonomous and Semi-Autonomous Technologies Generates Demand for Electric-Ready Platforms
Increased Adoption of Modular and Scalable Electric Drivetrains Enhances Equipment Flexibility and Customization
Infrastructure Development in Urban and Environmentally Sensitive Zones Drives Preference for Low-Impact Machinery
Remote Monitoring, Telematics, and Predictive Maintenance Systems Propel Adoption of Digitally Connected Equipment
Growing Demand for Low-Vibration and Noise-Free Equipment Sustains Interest in Electrification Across Applications
Electrification of Support Equipment (Generators, Compressors, Loaders) Broadens Market Scope Beyond Core Vehicles
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Electric Off-Highway Equipment Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 3: World Historic Review for Electric Off-Highway Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 4: World 15-Year Perspective for Electric Off-Highway Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for Excavators Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 6: World Historic Review for Excavators Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 7: World 15-Year Perspective for Excavators Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Loaders Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 9: World Historic Review for Loaders Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 10: World 15-Year Perspective for Loaders Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 11: World Recent Past, Current & Future Analysis for Dump Trucks Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 12: World Historic Review for Dump Trucks Type by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 13: World 15-Year Perspective for Dump Trucks Type by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 14: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 15: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 16: World 15-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 17: World Recent Past, Current & Future Analysis for Electric Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 18: World Historic Review for Electric Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 19: World 15-Year Perspective for Electric Propulsion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 20: World Recent Past, Current & Future Analysis for Hybrid Electric Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 21: World Historic Review for Hybrid Electric Propulsion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 22: World 15-Year Perspective for Hybrid Electric Propulsion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
TABLE 23: USA Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 24: USA Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 25: USA 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 26: USA Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 27: USA Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 28: USA 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
CANADA
TABLE 29: Canada Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 30: Canada Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 31: Canada 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 32: Canada Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 33: Canada Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 34: Canada 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
JAPAN
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
TABLE 35: Japan Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 36: Japan Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 37: Japan 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 38: Japan Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 39: Japan Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 40: Japan 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
CHINA
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
TABLE 41: China Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 42: China Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 43: China 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 44: China Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 45: China Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 46: China 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
EUROPE
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
TABLE 47: Europe Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 48: Europe Historic Review for Electric Off-Highway Equipment by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 49: Europe 15-Year Perspective for Electric Off-Highway Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030
TABLE 50: Europe Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 51: Europe Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 52: Europe 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 53: Europe Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 54: Europe Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 55: Europe 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
FRANCE
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
TABLE 56: France Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 57: France Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 58: France 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 59: France Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 60: France Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 61: France 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
GERMANY
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
TABLE 62: Germany Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 63: Germany Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 64: Germany 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 65: Germany Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 66: Germany Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 67: Germany 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
ITALY
TABLE 68: Italy Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 69: Italy Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 70: Italy 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 71: Italy Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 72: Italy Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 73: Italy 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
UNITED KINGDOM
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
TABLE 74: UK Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 75: UK Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 76: UK 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 77: UK Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 78: UK Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 79: UK 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
SPAIN
TABLE 80: Spain Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 81: Spain Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 82: Spain 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 83: Spain Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 84: Spain Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 85: Spain 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
RUSSIA
TABLE 86: Russia Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 87: Russia Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 88: Russia 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 89: Russia Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 90: Russia Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 91: Russia 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
REST OF EUROPE
TABLE 92: Rest of Europe Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 93: Rest of Europe Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 94: Rest of Europe 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 95: Rest of Europe Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 96: Rest of Europe Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 97: Rest of Europe 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
ASIA-PACIFIC
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
TABLE 98: Asia-Pacific Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 99: Asia-Pacific Historic Review for Electric Off-Highway Equipment by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 100: Asia-Pacific 15-Year Perspective for Electric Off-Highway Equipment by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030
TABLE 101: Asia-Pacific Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 102: Asia-Pacific Historic Review for Electric Off-Highway Equipment by Type - Excavators Type, Loaders Type, Dump Trucks Type and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 103: Asia-Pacific 15-Year Perspective for Electric Off-Highway Equipment by Type - Percentage Breakdown of Value Sales for Excavators Type, Loaders Type, Dump Trucks Type and Other Types for the Years 2015, 2025 & 2030
TABLE 104: Asia-Pacific Recent Past, Current & Future Analysis for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 105: Asia-Pacific Historic Review for Electric Off-Highway Equipment by Propulsion - Electric Propulsion and Hybrid Electric Propulsion Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 106: Asia-Pacific 15-Year Perspective for Electric Off-Highway Equipment by Propulsion - Percentage Breakdown of Value Sales for Electric Propulsion and Hybrid Electric Propulsion for the Years 2015, 2025 & 2030
AUSTRALIA
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
INDIA
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Electric Off-Highway Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AGCO Corporation
  • BEML Limited
  • Caterpillar Inc.
  • CNH Industrial N.V.
  • CNH Industrial N.V.
  • Doosan Infracore
  • Epiroc AB
  • Hitachi Construction Machinery Co., Ltd.
  • Hyundai Construction Equipment
  • JCB (J.C. Bamford Excavators Ltd.)
  • John Deere (Deere & Company)
  • Komatsu Ltd.
  • Kubota Corporation
  • Liebherr Group
  • OJSC BelAZ
  • Sandvik AB
  • SANY Group
  • Terex Corporation
  • Volvo Construction Equipment
  • XCMG Group

Table Information

Report AttributeDetails
No. of Pages271
PublishedJune 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 2.2 Billion
Forecasted Market Value ( USD ) by 2030 $ 4.8 Billion
Compound Annual Growth Rate13.6%
Regions CoveredGlobal

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About the Electric Off Highway Equipment Market

The Electric Off Highway Equipment (EOHE) market is a subset of the larger Electric and Hybrid Vehicle (EHV) market. EOHE includes vehicles such as forklifts, tractors, and other industrial equipment that are powered by electric or hybrid powertrains. These vehicles are typically used in industrial, agricultural, and construction applications. EOHE offers several advantages over traditional internal combustion engine (ICE) vehicles, such as improved fuel efficiency, reduced emissions, and lower maintenance costs. Additionally, EOHE vehicles are often quieter and more reliable than their ICE counterparts. The EOHE market is expected to grow in the coming years as more companies adopt electric and hybrid vehicles for their operations. Governments around the world are also providing incentives to encourage the adoption of EOHE vehicles. Some companies in the EOHE market include Caterpillar, Komatsu, John Deere, and Volvo. Show Less Read more

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