Off-Highway Electric Vehicles

World Market Report

MCP22403

EXECUTIVE ENGAGEMENTS

POOL

602
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

122
Interactions with Platform & by Email

PARTICIPANTS

24
Unique # Participated

VALIDATIONS

12
Responses Validated*

COMPANIES

42
Responses Validated*
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DATE

JAN 2022

TABLES

22

PAGES

93

EDITION

5

PRICE

USD 5600

CODE

MCP22403


COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

STRONG ACTIVE NICHE TRIVIAL

%

VALIDATED RESEARCH *

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HIGHLIGHTS & REPORT INDEX

What's New for 2022?

» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Amid the COVID-19 crisis, the global market for Off-Highway Electric Vehicles estimated at US$8.5 Billion in the year 2020, is projected to reach a revised size of US$28.8 Billion by 2027, growing at aCAGR of 19% over the period 2020-2027. Hybrid-Electric, one of the segments analyzed in the report, is projected to record 14.9% CAGR and reach US$14.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Battery-Electric segment is readjusted to a revised 24.6% CAGR for the next 7-year period.
The Off-Highway Electric Vehicles market in the U.S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 18.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 16.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

SELECT PLAYERS

Caterpillar; CNH Industrial N.V.; Deere & Company; Doosan Corporation; Epiroc AB; Hitachi Construction Machinery Co., Ltd.; J C Bamford Excavators Ltd.; Komatsu Ltd.; Sandvik AB; Volvo Construction Equipment AB

SEGMENTS

» Propulsion (Hybrid-Electric, Battery-Electric) » Application (Construction, Mining, Agriculture, Other Applications)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Off-Highway Electric Vehicles – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Off-Highway Electric Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Battery-Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Battery-Electric by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Hybrid-Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Hybrid-Electric by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Off-Highway Electric Vehicles Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
UNITED STATES
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
JAPAN
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
CHINA
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
EUROPE
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Off-Highway Electric Vehicles by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
FRANCE
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
GERMANY
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
UNITED KINGDOM
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
ASIA-PACIFIC
Off-Highway Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Propulsion - Hybrid-Electric and Battery-Electric - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Off-Highway Electric Vehicles by Propulsion - Percentage Breakdown of Value Sales for Hybrid-Electric and Battery-Electric for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Off-Highway Electric Vehicles by Application - Construction, Mining, Agriculture and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Off-Highway Electric Vehicles by Application - Percentage Breakdown of Value Sales for Construction, Mining, Agriculture and Other Applications for the Years 2021 & 2027
Total Companies Profiled: 42

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