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Off-highway Electric Vehicle Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2025 To 2033

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    Report

  • 197 Pages
  • April 2025
  • Region: Global
  • Acute Market Reports
  • ID: 6104499
The off-Highway electric vehicle market is projected to grow at a CAGR of 10% during the forecast period 2025 to 2033, driven by increasing sustainability regulations, rising fuel costs, and growing interest in zero-emission technologies across construction, mining, agriculture, and other off-road industries. Off-highway electric vehicles spanning loaders, dump trucks, excavators, tractors, and material-handling equipment offer reduced operating expenses, lower noise levels, and fewer emissions compared to traditional diesel-powered machines. Ongoing advancements in electric drivetrain technologies and enhanced battery energy density further support market growth as companies and operators recognize the long-term advantages of electrification, especially in noise-sensitive urban environments and enclosed mining operations.

Market Drivers

Sustainability and Emissions Reduction Mandates

Stringent regulations on carbon emissions and pollution are forcing equipment owners and manufacturers to embrace electrified solutions for off-highway applications. Electric off-road machines contribute to sustainability targets while helping companies reduce their overall environmental footprint and improve their ESG (Environmental, Social, and Governance) profile.

Total Cost of Ownership and Operational Efficiency

Electric off-highway vehicles require less maintenance due to fewer moving parts and offer lower fuel consumption and operating expenses. Improved energy efficiency and fast-charging solutions allow operators to achieve increased uptime and better productivity per shift. These economic advantages continue to encourage companies to scale up their electric fleets and plan long-term investments into more sustainable equipment.

Advances in Battery and Charging Infrastructure

Developments in high-capacity batteries with extended cycle life, rapid-charging stations, and renewable-energy-powered charging depots make off-highway EVs more practical across diverse use cases. These innovations increase vehicle range, reduce downtime, and enhance feasibility for heavy-duty, off-road operations, creating a strong incentive for adoption.

Market Restraint

High Upfront Investment and Energy Infrastructure Gaps

Despite long-term savings, off-highway electric equipment requires higher upfront investment. This, coupled with the need for specialized charging or battery-swapping infrastructure especially in remote construction or mining sites can pose adoption barriers. Operators face logistical hurdles for charging and grid access, especially in underdeveloped regions, limiting rapid deployment.

Market Segmentation by Propulsion

The Propulsion segment includes Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Fuel Cell Electric Vehicles (FCEV). In 2024, Battery Electric Vehicles held the largest market share, driven by declining battery costs, improved performance, and increasing availability of models for heavy-duty off-road use. Plug-in hybrid and traditional hybrid electric machines continue to gain attention as transitional options that reduce emissions without range anxiety. Fuel Cell Electric Vehicles, though still in an early commercialization phase, show long-term potential for heavy equipment owing to fast refueling and long operation periods without recharging.

Market Segmentation by Battery Capacity

By Battery Capacity, the market is segmented into Less than 50 kWh, 50-200 kWh, and More than 200 kWh. Equipment with 50-200 kWh batteries led the market in 2024 due to their versatility across medium-sized machines like loaders, excavators, and haulers, which require sufficient energy density for continuous operation without excessive weight. The segment for batteries greater than 200 kWh is projected to register the highest CAGR through 2033 as large machines and specialty equipment demand longer runtimes, driving innovations in energy storage and thermal management. Smaller-capacity machines under 50 kWh remain important in compact utility and agriculture equipment due to their lower capital cost and ease of charging.

Geographic Trends

Europe accounted for a significant share of the market in 2024, supported by strict environmental policies, green public procurement programs, and well-developed electric charging networks. Countries like Germany, Sweden, and Norway are at the forefront of pilot programs to electrify their off-highway equipment fleets. North America also showed strong demand, driven by increased interest from major construction, agricultural, and mining companies looking to optimize fuel consumption and comply with new emissions standards.

Asia Pacific is expected to witness the fastest growth during the forecast period due to rapid industrialization and the increasing emphasis on reducing pollution in megacities across China, Japan, India, and South Korea. Latin America and the Middle East & Africa present emerging opportunities as major players invest in commercial demonstration projects and encourage mining and agricultural companies to trial electric models as part of sustainability strategies.

Competitive Trends

The competitive landscape is dynamic, with leading companies investing in research and partnerships to scale their electric model offerings and leverage new battery technologies. Major players in the off-highway electric vehicle market include Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu, Kubota, Liebherr, Sany, Volvo AB, Wacker Neuson, and XCMG. These companies focus on expanding product portfolios and investing in modular, high-performance electric drivetrains to differentiate their machines across diverse geographies and industries.

Strategic moves such as collaborations with battery suppliers, launching electric pilot programs with key customers, and leveraging automation for enhanced safety and productivity will continue to shape the market landscape. Companies that successfully navigate the high development costs, improve energy densities, and optimize charging solutions will likely gain a competitive edge in this rapidly expanding and technology-driven segment.

Historical & Forecast Period

  • This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
  • The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

  • The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Off-highway Electric Vehicle market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users & consumption volume, price, and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Off-highway Electric Vehicle market and their expected impact during the forecast period.
  • Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Vehicle
  • Electric construction vehicles
  • Excavators
  • Bulldozers
  • Loaders
  • Electric agricultural vehicles
  • Tractors
  • Harvesters
  • Sprayers
  • Electric mining vehicles
  • Haul trucks
  • Drills
  • Others
Propulsion
  • Battery electric vehicles (BEV)
  • Plug-in hybrid electric vehicles (PHEV)
  • Hybrid electric vehicles (HEV)
  • Fuel cell electric vehicles (FCEVs)
Battery Capacity
  • Less than 50 kWh
  • 50-200 kWh
  • More than 200 kWh
Power Output
  • Less than 50 HP
  • 50-150 HP
  • More than 150 HP
Application
  • Construction
  • Agriculture
  • Mining
  • Others

Region Segment (2023 - 2033; US$ Million)

North America
  • U.S.
  • Canada
  • Rest of North America
UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Off-highway Electric Vehicle market?
  • What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2033.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Off-highway Electric Vehicle market?
  • Which is the largest regional market for Off-highway Electric Vehicle market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Off-highway Electric Vehicle market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Off-highway Electric Vehicle market worldwide?

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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Off-highway Electric Vehicle Market
2.2. Global Off-highway Electric Vehicle Market, By Vehicle, 2024 (US$ Million)
2.3. Global Off-highway Electric Vehicle Market, By Propulsion, 2024 (US$ Million)
2.4. Global Off-highway Electric Vehicle Market, By Battery Capacity, 2024 (US$ Million)
2.5. Global Off-highway Electric Vehicle Market, By Power Output, 2024 (US$ Million)
2.6. Global Off-highway Electric Vehicle Market, By Application, 2024 (US$ Million)
2.7. Global Off-highway Electric Vehicle Market, By Geography, 2024 (US$ Million)
2.8. Attractive Investment Proposition by Geography, 2024
3. Off-highway Electric Vehicle Market: Competitive Analysis
3.1. Market Positioning of Key Off-highway Electric Vehicle Market Vendors
3.2. Strategies Adopted by Off-highway Electric Vehicle Market Vendors
4. Off-highway Electric Vehicle Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Off-highway Electric Vehicle Market Value, 2023 - 2033, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. Porter's Five Force Model
4.5.1. Supplier Power
4.5.2. Buyer Power
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
4.6. PESTEL Analysis
4.6.1. Political Landscape
4.6.2. Economic Landscape
4.6.3. Technology Landscape
4.6.4. Legal Landscape
4.6.5. Social Landscape
5. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2024 Versus 2033
5.3. Market Segmentation
5.3.1. Electric construction vehicles
5.3.1.1. Excavators
5.3.1.2. Bulldozers
5.3.1.3. Loaders
5.3.2. Electric agricultural vehicles
5.3.2.1. Tractors
5.3.2.2. Harvesters
5.3.2.3. Sprayers
5.3.3. Electric mining vehicles
5.3.3.1. Haul trucks
5.3.3.2. Drills
5.3.4. Others
6. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2024 Versus 2033
6.3. Market Segmentation
6.3.1. Battery electric vehicles (BEV)
6.3.2. Plug-in hybrid electric vehicles (PHEV)
6.3.3. Hybrid electric vehicles (HEV)
6.3.4. Fuel cell electric vehicles (FCEVs)
7. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2024 Versus 2033
7.3. Market Segmentation
7.3.1. Less than 50 kWh
7.3.2. 50-200 kWh
7.3.3. More than 200 kWh
8. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2024 Versus 2033
8.3. Market Segmentation
8.3.1. Less than 50 HP
8.3.2. 50-150 HP
8.3.3. More than 150 HP
9. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
9.1. Market Overview
9.2. Growth & Revenue Analysis: 2024 Versus 2033
9.3. Market Segmentation
9.3.1. Construction
9.3.2. Agriculture
9.3.3. Mining
9.3.4. Others
10. North America Off-highway Electric Vehicle Market, 2023-2033, USD (Million)
10.1. Market Overview
10.2. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
10.3. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
10.4. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
10.5. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
10.6. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
10.7. Off-highway Electric Vehicle Market: By Region, 2023-2033, USD (Million)
10.7.1. North America
10.7.1.1. U.S.
10.7.1.1.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
10.7.1.1.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
10.7.1.1.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
10.7.1.1.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
10.7.1.1.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
10.7.1.2. Canada
10.7.1.2.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
10.7.1.2.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
10.7.1.2.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
10.7.1.2.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
10.7.1.2.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
10.7.1.3. Rest of North America
10.7.1.3.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
10.7.1.3.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
10.7.1.3.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
10.7.1.3.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
10.7.1.3.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11. UK and European Union Off-highway Electric Vehicle Market, 2023-2033, USD (Million)
11.1. Market Overview
11.2. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.3. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.4. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.5. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.6. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7. Off-highway Electric Vehicle Market: By Region, 2023-2033, USD (Million)
11.7.1. UK and European Union
11.7.1.1. UK
11.7.1.1.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.1.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.1.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.1.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.1.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7.1.2. Germany
11.7.1.2.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.2.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.2.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.2.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.2.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7.1.3. Spain
11.7.1.3.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.3.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.3.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.3.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.3.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7.1.4. Italy
11.7.1.4.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.4.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.4.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.4.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.4.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7.1.5. France
11.7.1.5.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.5.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.5.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.5.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.5.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
11.7.1.6. Rest of Europe
11.7.1.6.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
11.7.1.6.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
11.7.1.6.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
11.7.1.6.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
11.7.1.6.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12. Asia Pacific Off-highway Electric Vehicle Market, 2023-2033, USD (Million)
12.1. Market Overview
12.2. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.3. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.4. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.5. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.6. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7. Off-highway Electric Vehicle Market: By Region, 2023-2033, USD (Million)
12.7.1. Asia Pacific
12.7.1.1. China
12.7.1.1.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.1.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.1.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.1.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.1.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7.1.2. Japan
12.7.1.2.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.2.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.2.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.2.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.2.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7.1.3. India
12.7.1.3.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.3.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.3.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.3.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.3.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7.1.4. Australia
12.7.1.4.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.4.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.4.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.4.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.4.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7.1.5. South Korea
12.7.1.5.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.5.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.5.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.5.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.5.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
12.7.1.6. Rest of Asia Pacific
12.7.1.6.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
12.7.1.6.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
12.7.1.6.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
12.7.1.6.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
12.7.1.6.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
13. Latin America Off-highway Electric Vehicle Market, 2023-2033, USD (Million)
13.1. Market Overview
13.2. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
13.3. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
13.4. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
13.5. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
13.6. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
13.7. Off-highway Electric Vehicle Market: By Region, 2023-2033, USD (Million)
13.7.1. Latin America
13.7.1.1. Brazil
13.7.1.1.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
13.7.1.1.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
13.7.1.1.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
13.7.1.1.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
13.7.1.1.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
13.7.1.2. Mexico
13.7.1.2.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
13.7.1.2.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
13.7.1.2.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
13.7.1.2.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
13.7.1.2.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
13.7.1.3. Rest of Latin America
13.7.1.3.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
13.7.1.3.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
13.7.1.3.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
13.7.1.3.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
13.7.1.3.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
14. Middle East and Africa Off-highway Electric Vehicle Market, 2023-2033, USD (Million)
14.1. Market Overview
14.2. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
14.3. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
14.4. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
14.5. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
14.6. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
14.7. Off-highway Electric Vehicle Market: By Region, 2023-2033, USD (Million)
14.7.1. Middle East and Africa
14.7.1.1. GCC
14.7.1.1.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
14.7.1.1.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
14.7.1.1.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
14.7.1.1.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
14.7.1.1.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
14.7.1.2. Africa
14.7.1.2.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
14.7.1.2.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
14.7.1.2.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
14.7.1.2.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
14.7.1.2.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
14.7.1.3. Rest of Middle East and Africa
14.7.1.3.1. Off-highway Electric Vehicle Market: By Vehicle, 2023-2033, USD (Million)
14.7.1.3.2. Off-highway Electric Vehicle Market: By Propulsion, 2023-2033, USD (Million)
14.7.1.3.3. Off-highway Electric Vehicle Market: By Battery Capacity, 2023-2033, USD (Million)
14.7.1.3.4. Off-highway Electric Vehicle Market: By Power Output, 2023-2033, USD (Million)
14.7.1.3.5. Off-highway Electric Vehicle Market: By Application, 2023-2033, USD (Million)
15. Company Profile
15.1. Caterpillar (Company Overview, Financial Performance, Product Portfolio, Strategic Initiatives)
15.2. Deere & Company
15.3. Hitachi Construction Machinery
15.4. Komatsu
15.5. Kubota
15.6. Liebherr
15.7. Sany
15.8. Volvo AB
15.9. Wacker Neuson
15.10. Other Notable Players
List of Figures
FIG. 1 Global Off-highway Electric Vehicle Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Off-highway Electric Vehicle Market: Quality Assurance
FIG. 5 Global Off-highway Electric Vehicle Market, By Vehicle, 2024
FIG. 6 Global Off-highway Electric Vehicle Market, By Propulsion, 2024
FIG. 7 Global Off-highway Electric Vehicle Market, By Battery Capacity, 2024
FIG. 8 Global Off-highway Electric Vehicle Market, By Power Output, 2024
FIG. 9 Global Off-highway Electric Vehicle Market, By Application, 2024
FIG. 10 Global Off-highway Electric Vehicle Market, By Geography, 2024
FIG. 11 Market Geographical Opportunity Matrix - Global Off-highway Electric Vehicle Market, 2024
FIG. 12 Market Positioning of Key Off-highway Electric Vehicle Market Players, 2024
FIG. 13 Global Off-highway Electric Vehicle Market, By Vehicle, 2024 Vs 2033, %
FIG. 14 Global Off-highway Electric Vehicle Market, By Propulsion, 2024 Vs 2033, %
FIG. 15 Global Off-highway Electric Vehicle Market, By Battery Capacity, 2024 Vs 2033, %
FIG. 16 Global Off-highway Electric Vehicle Market, By Power Output, 2024 Vs 2033, %
FIG. 17 Global Off-highway Electric Vehicle Market, By Application, 2024 Vs 2033, %
FIG. 18 U.S. Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 19 Canada Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 20 Rest of North America Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 21 UK Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 22 Germany Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 23 Spain Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 24 Italy Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 25 France Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 26 Rest of Europe Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 27 China Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 28 Japan Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 29 India Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 30 Australia Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 31 South Korea Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 32 Rest of Asia Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 33 Brazil Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 34 Mexico Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 35 Rest of Latin America Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 36 GCC Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 37 Africa Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
FIG. 38 Rest of Middle East and Africa Off-highway Electric Vehicle Market (US$ Million), 2023 - 2033
List of Tables
TABLE 1 Global Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 2 Global Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 3 Global Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 4 Global Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 5 Global Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 6 North America Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 7 North America Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 8 North America Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 9 North America Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 10 North America Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 11 U.S. Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 12 U.S. Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 13 U.S. Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 14 U.S. Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 15 U.S. Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 16 Canada Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 17 Canada Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 18 Canada Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 19 Canada Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 20 Canada Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 21 Rest of North America Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 22 Rest of North America Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 23 Rest of North America Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 24 Rest of North America Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 25 Rest of North America Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 26 UK and European Union Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 27 UK and European Union Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 28 UK and European Union Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 29 UK and European Union Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 30 UK and European Union Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 31 UK Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 32 UK Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 33 UK Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 34 UK Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 35 UK Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 36 Germany Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 37 Germany Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 38 Germany Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 39 Germany Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 40 Germany Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 41 Spain Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 42 Spain Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 43 Spain Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 44 Spain Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 45 Spain Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 46 Italy Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 47 Italy Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 48 Italy Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 49 Italy Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 50 Italy Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 51 France Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 52 France Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 53 France Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 54 France Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 55 France Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 56 Rest of Europe Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 57 Rest of Europe Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 58 Rest of Europe Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 59 Rest of Europe Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 60 Rest of Europe Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 61 Asia Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 62 Asia Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 63 Asia Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 64 Asia Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 65 Asia Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 66 China Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 67 China Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 68 China Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 69 China Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 70 China Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 71 Japan Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 72 Japan Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 73 Japan Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 74 Japan Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 75 Japan Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 76 India Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 77 India Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 78 India Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 79 India Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 80 India Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 81 Australia Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 82 Australia Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 83 Australia Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 84 Australia Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 85 Australia Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 86 South Korea Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 87 South Korea Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 88 South Korea Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 89 South Korea Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 90 South Korea Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 91 Latin America Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 92 Latin America Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 93 Latin America Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 94 Latin America Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 95 Latin America Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 96 Brazil Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 97 Brazil Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 98 Brazil Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 99 Brazil Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 100 Brazil Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 101 Mexico Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 102 Mexico Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 103 Mexico Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 104 Mexico Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 105 Mexico Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 106 Rest of Latin America Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 107 Rest of Latin America Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 108 Rest of Latin America Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 109 Rest of Latin America Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 110 Rest of Latin America Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 111 Middle East and Africa Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 112 Middle East and Africa Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 113 Middle East and Africa Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 114 Middle East and Africa Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 115 Middle East and Africa Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 116 GCC Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 117 GCC Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 118 GCC Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 119 GCC Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 120 GCC Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 121 Africa Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 122 Africa Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 123 Africa Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 124 Africa Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 125 Africa Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)
TABLE 126 Rest of Middle East and Africa Off-highway Electric Vehicle Market By Vehicle, 2023-2033, USD (Million)
TABLE 127 Rest of Middle East and Africa Off-highway Electric Vehicle Market By Propulsion, 2023-2033, USD (Million)
TABLE 128 Rest of Middle East and Africa Off-highway Electric Vehicle Market By Battery Capacity, 2023-2033, USD (Million)
TABLE 129 Rest of Middle East and Africa Off-highway Electric Vehicle Market By Power Output, 2023-2033, USD (Million)
TABLE 130 Rest of Middle East and Africa Off-highway Electric Vehicle Market By Application, 2023-2033, USD (Million)

Companies Mentioned

  • Caterpillar
  • Deere & Company
  • Hitachi Construction Machinery
  • Komatsu
  • Kubota
  • Liebherr
  • Sany
  • Volvo AB
  • Wacker Neuson