Off-Highway Electric Vehicles in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Off-highway electric vehicles market includes vehicles often intended to be used on uneven and steep ground. These vehicles can be open-air or enclosed with large threaded tires, caterpillar tracks, and flexible suspension. The market scope includes both battery-powered and hybrid-powered off-highway electric vehicles. Also, the market scope covers electric excavators, loaders, tractors, trucks, etc.
- The Australian off-highway electric vehicles market recorded revenues of $430.6 million in 2024, representing a compound annual growth rate (CAGR) of 39.2% between 2019 and 2024.
- The mining segment accounted for the market's largest proportion in 2024, with total revenues of $212.9 million, equivalent to 49.4% of the market's overall value.
- The growth in the Australian off-highway electric vehicle market during 2019-24 is influenced by several macroeconomic factors, such as rising GDP, increasing adoption of electric vehicles, and growing business confidence.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the off-highway electric vehicles market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the off-highway electric vehicles market in Australia
- Leading company profiles reveal details of key off-highway electric vehicles market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia off-highway electric vehicles market with five year forecasts
Reasons to Buy
- What was the size of the Australia off-highway electric vehicles market by value in 2024?
- What will be the size of the Australia off-highway electric vehicles market in 2029?
- What factors are affecting the strength of competition in the Australia off-highway electric vehicles market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's off-highway electric vehicles market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Caterpillar Inc
- Komatsu Ltd
- Hitachi Construction Machinery Co Ltd
