The Europe Off-highway Electric Vehicles Market is expected to witness market growth of 20.6% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe Off-highway Electric Vehicles Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $2.87 billion by 2032. The UK market is exhibiting a CAGR of 19.4% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 22% during 2025-2032.
Electric tractors, harvesters, and autonomous agricultural drones are becoming increasingly common as farmers seek sustainable solutions. These vehicles reduce carbon footprints and offer increased automation and precision in farming operations, improving productivity. Integrating AI and IoT technologies in electric farming equipment enables real-time monitoring, predictive maintenance, and optimized resource usage.
Mining operations rely on large fleets of off-highway vehicles such as haul trucks, loaders, and drilling rigs. Underground mining requires stringent air quality standards, so electric vehicles significantly reduce emissions, improving worker safety. Battery-powered and hybrid mining trucks reduce ventilation costs and enhance energy efficiency, making them a preferred choice for companies aiming for sustainable mining operations.
The market is expanding globally, driven by sustainability initiatives, industrial modernization, and increased mining, agriculture, and construction investments. These industries play a significant role in economic development in Europe and the UK, shaping the demand for electric heavy machinery. In 2020, the mining and quarrying sector in the EU generated €27.1 billion in value-added, with Poland and Germany being the largest contributors. Mining metal ores (17.1% of sectoral turnover) and other mining activities (40.5%) highlight the sector’s significance. Similarly, Europe’s construction sector, which accounted for 5-6% of GVA between 2010 and 2021, remains a strong economic driver. Countries like Finland (7.7%), Romania (7.3%), Austria (7.2%), and Lithuania (7.1%) reported the highest contributions in 2021. Agriculture is crucial to the UK’s economy, contributing 0.5% to GDP in 2021. With farmers and land managers controlling 71% of UK land, mechanization in agriculture is essential for efficiency and sustainability. Therefore, the market in Europe and the UK is growing due to increasing mining, construction, and agricultural activities.
The Germany market dominated the Europe Off-highway Electric Vehicles Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $2.87 billion by 2032. The UK market is exhibiting a CAGR of 19.4% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 22% during 2025-2032.
Electric tractors, harvesters, and autonomous agricultural drones are becoming increasingly common as farmers seek sustainable solutions. These vehicles reduce carbon footprints and offer increased automation and precision in farming operations, improving productivity. Integrating AI and IoT technologies in electric farming equipment enables real-time monitoring, predictive maintenance, and optimized resource usage.
Mining operations rely on large fleets of off-highway vehicles such as haul trucks, loaders, and drilling rigs. Underground mining requires stringent air quality standards, so electric vehicles significantly reduce emissions, improving worker safety. Battery-powered and hybrid mining trucks reduce ventilation costs and enhance energy efficiency, making them a preferred choice for companies aiming for sustainable mining operations.
The market is expanding globally, driven by sustainability initiatives, industrial modernization, and increased mining, agriculture, and construction investments. These industries play a significant role in economic development in Europe and the UK, shaping the demand for electric heavy machinery. In 2020, the mining and quarrying sector in the EU generated €27.1 billion in value-added, with Poland and Germany being the largest contributors. Mining metal ores (17.1% of sectoral turnover) and other mining activities (40.5%) highlight the sector’s significance. Similarly, Europe’s construction sector, which accounted for 5-6% of GVA between 2010 and 2021, remains a strong economic driver. Countries like Finland (7.7%), Romania (7.3%), Austria (7.2%), and Lithuania (7.1%) reported the highest contributions in 2021. Agriculture is crucial to the UK’s economy, contributing 0.5% to GDP in 2021. With farmers and land managers controlling 71% of UK land, mechanization in agriculture is essential for efficiency and sustainability. Therefore, the market in Europe and the UK is growing due to increasing mining, construction, and agricultural activities.
List of Key Companies Profiled
- Caterpillar, Inc.
- CNH Industrial N.V.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- Volvo Construction Equipment AB (Volvo Group)
- Deere & Company
- Doosan Corporation
- Sandvik AB
- Epiroc AB
Market Report Segmentation
By Propulsion
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Application
- Agriculture
- Mining
- Construction
By Battery Type
- Li-ion
- Lead-acid
By Country
- Germany
- UK
- France
- Russia
- Netherlands
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Off-highway Electric Vehicles Market by Propulsion
Chapter 6. Europe Off-highway Electric Vehicles Market by Application
Chapter 7. Europe Off-highway Electric Vehicles Market by Battery Type
Chapter 8. Europe Off-highway Electric Vehicles Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Caterpillar, Inc.
- CNH Industrial N.V.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- Volvo Construction Equipment AB (Volvo Group)
- Deere & Company
- Doosan Corporation
- Sandvik AB
- Epiroc AB
Methodology
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