Global Off-Highway Electric Vehicles
Summary
Global Off-Highway Electric Vehicles industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Key Highlights
- The off-highway electric vehicles market includes vehicles often intended for use on uneven and steep terrain. These vehicles can be open-air or enclosed, with large, threaded tires, caterpillar tracks, and a 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 global off-highway electric vehicles market recorded a revenue of $20.48 billion in 2025, representing a compound annual growth rate (CAGR) of 33% between 2020 and 2025.
- The mining segment accounted for the market's largest proportion in 2025, with total revenue of $9.08 billion, equivalent to 44.4% of the market's overall value.
- In 2025, the global off-highway electric vehicles market grew by 25.1%, attributed to technological breakthroughs in batteries and charging, paired with improved sensors and data systems, which have significantly driven the growth of off-highway electric vehicles, especially in mining, agriculture, and construction.
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 the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global off-highway electric vehicles market
- 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 Global off-highway electric vehicles market with five year forecasts
Reasons to Buy
- What was the size of the Global off-highway electric vehicles market by value in 2025?
- What will be the size of the Global off-highway electric vehicles market in 2030?
- What factors are affecting the strength of competition in the Global off-highway electric vehicles market?
- How has the market performed over the last five years?
- Who are the top competitors in the global'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
- J C Bamford Excavators Ltd
- Deere & Co
