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非公路電動車市場 - 全球及區域分析：按應用、推進類型、車輛類型和國家 - 分析與預測（2024 年至 2034 年）
市場調查報告書
商品編碼
1697456

非公路電動車市場 - 全球及區域分析：按應用、推進類型、車輛類型和國家 - 分析與預測（2024 年至 2034 年）

Off-Highway Electric Vehicle Market - A Global and Regional Analysis: Focus on Application, Propulsion Type, Vehicle Type, and Country-Level Analysis - Analysis and Forecast, 2024-2034
出版日期: | 出版商: BIS Research | 英文 165 Pages | 商品交期: 1-5個工作天內

價格

非公路電動車市場規模預計將從 2024 年的 54.855 億美元成長到 2034 年的 564.837 億美元，在 2024-2034 年預測期內的複合年成長率高達 26.26%。

這一成長主要是由於企業希望減少排放氣體和營業成本，導致建築、農業和採礦業擴大採用電動車。電池效率、充電基礎設施和車輛性能的提高等技術進步正在刺激市場擴張。此外，環境法規的加強以及政府和企業對永續性的日益關注正在加速向電動非公路用車的轉變。隨著各行各業繼續優先考慮清潔能源解決方案，非公路電動車市場預計將在推動向永續和環保工業實踐轉變方面發揮關鍵作用。

主要市場統計數據
預測期 2024-2034
2024年評估 54.8億美元
2034年的預測 564.8億美元
複合年成長率 26.26%

隨著建築、農業和採礦業擴大採用挖土機、裝載機、曳引機和採礦卡車等電動機械，非公路電動車 (OHEV) 市場正在獲得發展動力。傳統上，這些車輛由柴油引擎動力來源，導致高排放氣體、噪音污染和高維護成本。向電氣化的轉變透過減少溫室氣體排放、提高能源效率和改善工作場所安全解決了這些問題。電池技術的進步和強力的監管支持正在加速 OHEV 的採用，使其成為永續產業實踐的關鍵組成部分。這些車輛透過降低營運和維護成本實現了長期成本節約，同時也帶來了顯著的環境效益。隨著各行各業都優先考慮永續性，非公路電動車市場將迎來顯著成長，支持全球轉型為更清潔、更有效率的工業營運。

非公路電動車 (OHEV) 是一種專為建築、農業和採礦等工業應用而設計的非道路機械。這些車輛包括挖土機、裝載機、曳引機和自卸卡車，傳統上都由柴油引擎提供動力。然而，OHEV 採用電力傳動系統，透過減少排放氣體、降低燃料消耗和最大限度地減少噪音污染提供了更永續的替代方案。非公路用車向電氣化的轉變受到電池技術的進步、能源效率的提高和環境法規的嚴格推動。 OHEV不僅提高了工業機械的運作安全性和性能，而且還有助於減少嚴重依賴大型機械的行業的二氧化碳排放。隨著對更環保的工業解決方案的需求不斷成長，非公路電動車正在成為各行業永續發展策略不可或缺的一部分。

非公路電動車 (OHEV) 市場正在透過改變傳統運作方式對建築、農業和採礦等行業產生重大影響。採用 OHEV 可以減少對石化燃料的依賴，從而減少溫室氣體排放，並有助於實現更清潔、更永續的工業運作。它還透過減少燃料消費量和減少維護需求來降低營運成本，為您的公司帶來長期的財務利益。此外，電動車安靜且有效率的性能可降低噪音水平並提高操作員的舒適度，從而提高職場的安全性。隨著排放氣體監管壓力的增加，OHEV 為尋求遵守環境標準同時提高生產力的公司提供了可行的解決方案。市場成長正在刺激電池技術和充電基礎設施的創新，進一步加強向更清潔、更有效率的工業實踐的轉變。 OHEV 的日益整合將重塑重型機械和工業移動領域的格局。

由於採用永續和節能實踐的趨勢日益成長，建築業可能會引領全球非公路電動車 (OHEV) 市場。隨著圍繞建築計劃的環境法規日益嚴格，對電子機械的需求正在迅速成長。隨著都市區減少排放氣體和滿足更嚴格的環境標準的壓力越來越大，電動工程車輛正在成為傳統柴油引擎設備的可行替代品。此外，降低燃料消費量和維護等營運成本的動力正在加速向電動解決方案的轉變。挖土機、裝載機和自動卸貨卡車等電動非公路用車輛擴大部署在城市基礎設施計劃和大型建築工地中，因為在這些項目中，最大限度地減少噪音和空氣污染至關重要。由於 OHEV 能夠提高生產力、減少停機時間並提高營運效率，建設產業將在 OHEV 的採用和應用方面處於領先地位，推動永續建築實踐的未來。

混合動力電動車 (HEV) 預計將在全球非公路電動車 (OHEV) 市場中佔據主導地位，因為它們結合了電動和內燃機 (ICE) 技術的優勢。混合動力電動車在燃油效率和減少排放氣體之間實現了理想的平衡，使其非常適合建築、農業和採礦等非公路應用，這些應用通常需要高功率和長時間運作。透過同時使用電動引擎和柴油或汽油引擎，混合動力汽車可以長時間行駛，而不受電池續航里程的限制，而電池續航里程是全電動車常見的限制。此外，混合動力汽車能夠平穩過渡到完全電氣化，使其成為重型作業要求高的行業的首選。由於燃油效率提高、排放氣體降低以及能夠在偏遠和惡劣環境中運行，混合動力汽車有望推動全球非公路用車市場的顯著成長。

挖土機引領非公路用電動車 (OHEV) 市場，尤其是在建設產業，因為它們代表了該行業電氣化的早期階段。其緊湊的尺寸和低功率需求使其非常適合電氣化。小型挖土機因其機動性和靈活性而受到重視，已在工地上廣泛使用，並擴大採用電動技術。由於它們經常用於具有嚴格排放氣體和噪音法規的越野應用中，因此進一步推動了它們的採用。尤其是沃爾沃集團、JCB等公司推出了電動小型挖土機，其中沃爾沃的ECR25、JCB的19C-1E等機型頗受歡迎。此外，住宅和城市建設對更安靜、更清潔的機械的需求不斷成長，也推動了這一轉變。充電基礎設施創新，例如Volvo與 Beam Global 合作提供離網解決方案，正在解決充電難題並促進世界各地工地更廣泛地採用電動挖土機。

受多種關鍵因素的推動，北美在全球非公路電動車 (OHEV) 市場中處於領先地位。該地區擁有強大的工業基礎，主要製造商的總部設在北美，例如Caterpillar、迪爾公司和凱斯紐荷蘭工業公司，推動技術創新並提高生產能力。此外，嚴格的環境法規（尤其是美國）以及政府推動大型機械零排放標準正在加速電動解決方案的採用。對永續替代品的需求不斷增加以及建築業和農業部門的擴張進一步推動了這一轉變。此外，私人投資和政府政策在加速非公路用車電氣化方面都發揮關鍵作用。隨著技術的不斷進步和良好的法規環境，北美在全球 OHEV 市場中佔據領先地位。

本報告研究了全球非公路電動車市場，並概述了市場以及應用、推進類型、車輛類型、國家和公司概況的趨勢。

目錄

執行摘要

第1章 市場

  • 趨勢：現況與未來影響評估
  • 供應鏈概覽
  • 研發評審
  • 相關利益者分析
  • 市場動態概覽
  • 柴油和電動非公路車輛的全面分析
  • 2023-2030年非公路用車市場電氣化未來趨勢
  • 公路和非公路電氣化之間的新相似之處

第2章 應用

  • 應用程式細分
  • 使用摘要
  • 非公路電動車市場（按應用）
    • 建造
    • 礦業
    • 農業
    • 其他
  • 非公路電動車市場（依推進型）
    • 純電動車（BEV）
    • 混合動力電動車（HEV）
  • 電動雪車市場（按應用）
    • 滑雪和滑雪板公園
    • 越野滑雪課程
    • 其他（高山滑雪繩索和雪上摩托車摩托車道）

第3章 產品

  • 產品細分
  • 產品摘要
  • 非公路用電動車市場（按車型）
    • 挖土機
    • 追蹤
    • 裝載機
    • 其他（曳引機、壓雪機等）
  • 電動雪車市場（按產量）
    • 小於200kW
    • 超過200kW

第4章 區域

  • 區域摘要
  • 北美洲
  • 歐洲
  • 亞太地區
  • 其他地區

第5章 市場競爭基準化分析與公司概況

  • 未來展望
  • 地理評估
    • AB Volvo
    • PristenBully (Kassbohrer Gelandefahrzeug AG)
    • Hitachi Construction Machinery Co., Ltd.
    • Caterpillar
    • CNH Industrial NV
    • Epiroc AB
    • Deere & Company
    • JC Bamford Excavators Ltd.
    • Sany Group
    • Sandvik AB
    • Komatsu Ltd.
    • Liebherr Group
    • Prinoth AG (HTI Group)
    • CM DUPON - ICECAT
    • xelom

第6章調查方法

Product Code: AME2604SA

Off-Highway Electric Vehicle Market Overview

The off-highway electric vehicle market is projected to grow from $5,485.5 million in 2024 to $56,483.7 million by 2034, showing a robust CAGR of 26.26% during the forecast period 2024-2034. This growth is primarily driven by the increasing adoption of electric vehicles across construction, agriculture, and mining industries as businesses seek to reduce emissions and operating costs. Technological advancements, including improvements in battery efficiency, charging infrastructure, and vehicle performance, have been fueling market expansion. Additionally, stricter environmental regulations and a growing emphasis on sustainability by governments and corporations are accelerating the transition to electric-powered off-highway vehicles. As industries continue to prioritize clean energy solutions, the off-highway EV market is expected to play a pivotal role in driving the shift toward sustainable and eco-friendly industrial practices.

Introduction to the Off-Highway Electric Vehicle Market

KEY MARKET STATISTICS
Forecast Period2024 - 2034
2024 Evaluation$5.48 Billion
2034 Forecast$56.48 Billion
CAGR26.26%

The off-highway electric vehicle (OHEV) market has been gaining momentum as construction, agriculture, and mining industries increasingly adopt electric-powered machinery, including excavators, loaders, tractors, and mining trucks. Traditionally powered by diesel engines, these vehicles have contributed to high emissions, noise pollution, and substantial maintenance expenses. The shift toward electrification addresses these concerns by reducing greenhouse gas emissions, enhancing energy efficiency, and improving safety on worksites. Advances in battery technology and strong regulatory support are accelerating the adoption of OHEVs, positioning them as a key component of sustainable industrial practices. These vehicles offer long-term cost savings through lower operational and maintenance costs while delivering significant environmental benefits. As industries prioritize sustainability, the off-highway electric vehicle market is set to witness substantial growth, supporting the global transition to cleaner, more efficient industrial operations.

Off-Highway Electric Vehicle Market Introduction

Off-highway electric vehicles (OHEVs) are non-road machinery designed for industrial applications such as construction, agriculture, and mining. These vehicles, including excavators, loaders, tractors, and haul trucks, have traditionally operated with diesel engines. OHEVs, however, utilize electric drivetrains, offering a more sustainable alternative by reducing emissions, lowering fuel consumption, and minimizing noise pollution. The shift to electric power in off-highway vehicles is driven by advancements in battery technologies, increased energy efficiency, and growing environmental regulations. OHEVs not only enhance the operational safety and performance of industrial machinery but also contribute to reducing the carbon footprint of industries that rely heavily on heavy-duty equipment. With the rising demand for greener industrial solutions, off-highway electric vehicles are becoming crucial to sustainable development strategies across various sectors.

Industrial Impact of Off-Highway Electric Vehicle

The off-highway electric vehicle (OHEV) market is significantly impacting industries such as construction, agriculture, and mining by transforming traditional operational practices. The adoption of OHEVs reduces dependence on fossil fuels, leading to a decrease in greenhouse gas emissions and contributing to cleaner, more sustainable industrial operations. These vehicles also lower operational costs through reduced fuel consumption and minimized maintenance requirements, offering long-term financial benefits for businesses. Furthermore, the quiet and efficient performance of electric vehicles enhances workplace safety by reducing noise levels and improving operator comfort. As regulatory pressures on emissions intensify, OHEVs provide a viable solution for companies seeking to comply with environmental standards while improving productivity. The market's growth is fostering innovation in battery technology and charging infrastructure, further strengthening the shift toward cleaner, more efficient industrial practices. The increasing integration of OHEVs is poised to reshape the landscape of heavy-duty machinery and industrial mobility.

Off-Highway Electric Vehicle Market Segmentation

Segmentation 1: by Application

  • Construction
  • Mining
  • Agriculture
  • Others

Construction to Lead the Market (by Application)

The construction sector is set to spearhead the global off-highway electric vehicle (OHEV) market, driven by its growing adoption of sustainable and energy-efficient practices. As environmental regulations surrounding construction projects become more stringent, the demand for electric machinery is rapidly increasing. With a strong focus on emission reductions in urban areas and stricter environmental standards, electric construction vehicles present a practical alternative to traditional diesel-powered equipment. Furthermore, the push to lower operational costs, including fuel consumption and maintenance, is accelerating the transition to electric solutions. Electric off-highway vehicles such as excavators, loaders, and dump trucks are being increasingly deployed in urban infrastructure projects and large-scale construction sites, where minimizing noise and air pollution is essential. With their ability to enhance productivity, reduce downtime, and improve operational efficiency, the construction industry is poised to lead the way in adopting and implementing OHEVs, driving the future of sustainable construction practices.

Segmentation 2: by Propulsion Type

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)

Hybrid Electric Vehicles to Lead the Market (by Propulsion Type)

Hybrid electric vehicles (HEVs) are set to dominate the global off-highway electric vehicle (OHEV) market by propulsion type due to their ability to combine the benefits of both electric and internal combustion engine (ICE) technologies. HEVs offer an ideal balance between fuel efficiency and reduced emissions, making them well-suited for off-highway sectors such as construction, agriculture, and mining, where high power and long operational hours are often required. By utilizing both electric and diesel or gasoline engines, HEVs can operate for extended periods without battery range limitations, a common constraint for fully electric vehicles. Furthermore, they provide a smoother transition toward full electrification, positioning them as the preferred choice for industries with demanding, heavy-duty operations. With enhanced fuel efficiency, lower emissions, and the ability to function in remote or challenging environments, HEVs are set to drive significant growth in the off-highway vehicle market globally.

Segmentation 3: by Vehicle Type

  • Excavators
  • Trucks
  • Loaders
  • Others (Tractors, Snow Grooming, etc.)

Excavators to Lead the Market (by Vehicle Type)

Excavators are leading the off-highway electric vehicle (OHEV) market, particularly within the construction industry, as they represent the initial phase of electrification in this field. Their compact size and lower power demands make them well-suited for electric conversion. Mini excavators, valued for their maneuverability and flexibility, are already commonly used on job sites and are increasingly adopting electric technology. Their frequent deployment in off-road applications, where strict emissions and noise regulations are in place, further accelerates their adoption. Notably, companies such as AB Volvo and JCB have introduced electric mini excavators, with models such as Volvo's ECR25 and JCB's 19C-1E gaining traction. Additionally, the rising demand for quieter, cleaner machinery in residential and urban construction has been fueling this shift. Innovations in charging infrastructure, such as Volvo's collaboration with Beam Global for off-grid solutions, are addressing charging challenges and facilitating the wider adoption of electric excavators on job sites globally.

Segmentation 4: by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest-of-the-World

North America Region to Lead the Market (by Region)

North America is at the forefront of the global off-highway electric vehicle (OHEV) market, driven by several key factors. The region benefits from a strong industrial base, with major manufacturers such as Caterpillar, Deere & Company, and CNH Industrial N.V. headquartered in North America, fostering innovation and boosting production capabilities. Additionally, stringent environmental regulations, particularly in the U.S., are accelerating the adoption of electric solutions as the government pushes for zero-emission standards in heavy-duty machinery. The growing demand for sustainable alternatives and the expansion of the construction and agriculture sectors further support this transition. Furthermore, both private investments and government policies are playing a significant role in promoting the electrification of off-highway vehicles. With ongoing advancements in technology and a favorable regulatory environment, North America is well-positioned to maintain its leadership in the global OHEV market.

Recent developments in the off-highway electric vehicle market:

  • In August 2024, Fortescue Metals partnered with Liebherr Mining to develop and validate a fully integrated autonomous haulage solution (AHS) at the Christmas Creek mine. This system, which includes a fleet management system, an onboard autonomy kit for the Liebherr T 264 truck, and a high-precision machine guidance system, will coordinate diverse autonomous vehicles. The initiative aims to support Fortescue Metal's goal of zero Scope 1 and 2 emissions by 2030 and will eventually be available globally as part of Liebherr Group's expanding technology portfolio.
  • In July 2024, Eleo, a Yanmar company, launched a new range of modular battery packs for off-highway applications. These packs are designed for low-volume, high-diversity vehicles and offer a scalable voltage range (50V to 720V) and up to 90 kW of continuous power, with flexible integration, easy serviceability, and industry-standard protocols.
  • In January 2024, Caterpillar partnered with CRH to introduce electric off-highway trucks, contributing to the decarbonization of the construction sector. In December 2022, Nidec announced a $715 million investment to establish an electric motor manufacturing plant in Mexico, strengthening the region's supply chain for electrified vehicles. In early 2022, John Deere expanded its battery production capacity by over 2 GWh through Kreisel Electric, reinforcing the push for electrified off-highway equipment.

Demand - Drivers, Limitations, and Opportunities

Off-Highway Electric Vehicle Market Drivers

The off-highway electric vehicle (OHEV) market is primarily driven by the need for emission and noise reduction, compliance with stringent environmental regulations, and the push for sustainable solutions. The electrification of off-highway equipment significantly lowers greenhouse gas emissions, with battery electric vehicles (BEVs) emitting only 1.36 tons of CO2 equivalent compared to 6.29 tons from gasoline-powered vehicles, offering substantial environmental benefits. This shift is further supported by growing regulatory pressure, such as the U.S. Environmental Protection Agency's initiatives and the European Union's carbon dioxide reduction targets. Additionally, electric off-highway vehicles operate with reduced noise levels, addressing noise pollution concerns in residential and urban construction zones. Governments and industries are increasingly focusing on zero-emission vehicles, incentivizing manufacturers to adopt electrification to meet evolving emission standards and avoid penalties. With these drivers in place, OHEVs are central to sustainable industrial practices.

Off-Highway Electric Vehicle Market Restraints

The off-highway electric vehicle (OHEV) market faces significant restraints, primarily related to energy storage and high initial costs. Current battery technologies often fail to meet the substantial energy demands of off-highway vehicles, leading to limited range and frequent recharging, which impacts productivity. While alternative battery technologies, such as sodium-ion, show potential, they still face challenges such as lower energy density and shorter lifespan. Furthermore, the high upfront costs associated with electric vehicles, particularly expensive batteries and specialized components, present a barrier for many companies, hindering widespread adoption. The economic uncertainty surrounding returns on investment further complicates the transition from traditional diesel machinery. Despite the long-term operational savings, these financial and technical obstacles continue to slow the shift toward electrification in off-highway industries. Overcoming these challenges will require continued innovation, infrastructure development, and strategic economic planning to enable broader adoption.

Off-Highway Electric Vehicle Market Opportunities

The off-highway electric vehicle (OHEV) market presents significant opportunities driven by innovations in mobile charging solutions and renewable energy integration. Mobile charging units, such as the Charge Qube and ZAPI GROUP's SG9, address the challenges of limited fixed charging infrastructure in remote and dynamic environments, enabling on-site charging and reducing downtime. These solutions enhance operational efficiency and broaden the viability of electric vehicles across various industries. Integrating renewable energy sources, such as solar and wind power, with OHEV systems offers a sustainable approach, particularly in off-grid locations. This integration reduces reliance on fossil fuels, lowers operational costs, and supports environmental goals. Furthermore, vehicle-to-grid (V2G) systems offer the potential for energy exchange, enhancing grid stability and providing additional revenue opportunities. With increasing investments in renewable energy infrastructure globally, these opportunities position the OHEV market for significant growth, driving both operational efficiency and sustainability in off-highway sectors.

How can this report add value to an organization?

Product/Innovation Strategy: This report provides a comprehensive product and innovation strategy for the off-highway electric vehicle market, highlighting opportunities for market entry, technological advancements, and sustainable practices. It offers actionable insights that enable organizations to meet carbon reduction goals and capitalize on the increasing demand for off-highway electric vehicles across various sectors.

Growth/Marketing Strategy: This report outlines a robust growth and marketing strategy specifically tailored for the off-highway electric vehicle market. It emphasizes a targeted approach to identifying niche market segments, establishing competitive advantages, and implementing innovative marketing initiatives to optimize market share and financial performance. By leveraging these strategic recommendations, organizations can strengthen their market presence, exploit emerging opportunities, and drive revenue growth effectively.

Competitive Strategy: This report formulates a strong competitive strategy designed for the off-highway electric vehicle market. It assesses key market players, suggests differentiation tactics, and provides guidance for maintaining a competitive edge. By following these strategic directives, companies can effectively position themselves against competitors, ensuring long-term success and profitability in a rapidly evolving market.

Research Methodology

The section exhibits the standard assumptions and limitations followed throughout the research study named off-highway electric vehicle market:

  • The scope of this report has been focused on applications and types of products.
  • The base currency considered for the market analysis is US$. Currencies other than the US$ has been converted to US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
  • All the recent developments from January 2021 to March 2025 have been considered in this research study.
  • The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
  • Where relevant information was not available, proxy indicators and extrapolation were employed.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Off-Highway Electric Vehicle Market Estimation and Forecast

This research study employs extensive secondary sources, including certified publications, articles from recognized experts, white papers, annual reports from relevant companies, industry directories, and major databases, to gather valuable and actionable information for a comprehensive, technical, and market-oriented analysis of the off-highway electric vehicle market.

The market engineering process encompasses calculating market statistics, estimating market size, forecasting trends, and conducting data triangulation (the methodology for these quantitative data processes is detailed in subsequent sections). Primary research has been conducted to collect information and validate market figures related to segmentation types and industry trends among key players in the off-highway electric vehicles sector.

Off-Highway Electric Vehicle Market Primary Research

The primary sources involve industry experts from the off-highway electric vehicle market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

  • validation and triangulation of all the numbers and graphs
  • validation of reports segmentation and key qualitative findings
  • understanding the competitive landscape
  • validation of the numbers of various markets for market type
  • percentage split of individual markets for geographical analysis

Off-Highway Electric Vehicle Market Secondary Research

This off-highway electric vehicle market research involves extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as ITU, Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market.

Secondary research was done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

  • segmentations and percentage shares
  • data for market value
  • key industry trends of the top players in the market
  • qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • quantitative data for mathematical and statistical calculations

Key Off-Highway Electric Vehicle Market Players and Competition Synopsis

The companies that are profiled in the off-highway electric vehicle market have been selected based on input gathered from primary experts and analyzing company coverage, project portfolio, and market penetration.

Some of the prominent names in this market are:

  • AB Volvo
  • PristenBully (Kassbohrer Gelandefahrzeug AG )
  • Hitachi Construction Machinery Co., Ltd.
  • Caterpillar
  • CNH Industrial N.V.
  • Epiroc AB
  • Deere & Company
  • J C Bamford Excavators Ltd.
  • Sany Group
  • Sandvik AB
  • Komatsu Ltd.
  • Liebherr Group
  • Prinoth AG (HTI Group)
  • CM DUPON - ICECAT
  • xelom

Companies not part of the pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

  • 1.1 Trends: Current and Future Impact Assessment
    • 1.1.1 Trends Overview
    • 1.1.2 Technology Development in Off-Highway Electric Vehicles
    • 1.1.3 Integration of Autonomy in Mining Vehicles
  • 1.2 Supply Chain Overview
    • 1.2.1 Value Chain Analysis
    • 1.2.2 Market Map
      • 1.2.2.1 Excavators
      • 1.2.2.2 Trucks
      • 1.2.2.3 Loaders
      • 1.2.2.4 Others
    • 1.2.3 Pricing Forecast
  • 1.3 R&D Review
    • 1.3.1 Patent Filing Trend (by Country and Company)
    • 1.3.2 Regulatory Landscape
  • 1.4 Stakeholder Analysis
    • 1.4.1 Use Case
    • 1.4.2 End-User Buying Criteria
  • 1.5 Market Dynamics Overview
    • 1.5.1 Market Drivers
      • 1.5.1.1 Increased Focus toward Emission and Noise Reduction
      • 1.5.1.2 Compliance with Emission Regulations
    • 1.5.2 Market Restraints
      • 1.5.2.1 Energy Storage and Range Limitations
      • 1.5.2.2 High Initial Costs and Economic Viability
    • 1.5.3 Market Opportunities
      • 1.5.3.1 Mobile Charging Solutions to Support OHEV Adoption
      • 1.5.3.2 Renewable Energy Integration with OHEV Systems
  • 1.6 Comprehensive Analysis of Diesel vs. Electric Off-Highway Vehicles
  • 1.7 Future Trends in the Electrification of Off-Highway Vehicle Market, 2023-2030
  • 1.8 The Emerging Parallels Between On-Highway and Off-Highway Electrification

2 Application

  • 2.1 Application Segmentation
  • 2.2 Application Summary
  • 2.3 Off-Highway Electric Vehicles Market (by Application)
    • 2.3.1 Construction
    • 2.3.2 Mining
    • 2.3.3 Agriculture
    • 2.3.4 Others
  • 2.4 Off-Highway Electric Vehicles Market (by Propulsion Type)
    • 2.4.1 Battery Electric Vehicles (BEVs)
    • 2.4.2 Hybrid Electric Vehicles (HEVs)
  • 2.5 Electric Snow Grooming Vehicle Market (by Application)
    • 2.5.1 Ski and Snowboard Parks
    • 2.5.2 Cross-Country Ski Trails
    • 2.5.3 Others (Alpine Ski Rope and Snowmobile Trails)

3 Products

  • 3.1 Product Segmentation
  • 3.2 Product Summary
  • 3.3 Off-Highway Electric Vehicle Market (by Vehicle Type)
    • 3.3.1 Excavators
    • 3.3.2 Trucks
    • 3.3.3 Loaders
    • 3.3.4 Others (Tractors, Snow Grooming Vehicles, etc.)
  • 3.4 Electric Snow Grooming Vehicle Market (by Power Output)
    • 3.4.1 Up to 200kW
    • 3.4.2 Above 200kW

4 Region

  • 4.1 Regional Summary
  • 4.2 North America
    • 4.2.1 Regional Overview
    • 4.2.2 Driving Factors for Market Growth
    • 4.2.3 Factors Challenging the Market
    • 4.2.4 Application
    • 4.2.5 Product
    • 4.2.6 North America (by Country)
      • 4.2.6.1 U.S.
        • 4.2.6.1.1 Application
        • 4.2.6.1.2 Product
      • 4.2.6.2 Canada
        • 4.2.6.2.1 Application
        • 4.2.6.2.2 Product
      • 4.2.6.3 Mexico
        • 4.2.6.3.1 Application
        • 4.2.6.3.2 Product
  • 4.3 Europe
    • 4.3.1 Regional Overview
    • 4.3.2 Driving Factors for Market Growth
    • 4.3.3 Factors Challenging the Market
    • 4.3.4 Application
    • 4.3.5 Product
    • 4.3.6 Europe (by Country)
      • 4.3.6.1 France
        • 4.3.6.1.1 Application
        • 4.3.6.1.2 Product
      • 4.3.6.2 Germany
        • 4.3.6.2.1 Application
        • 4.3.6.2.2 Product
      • 4.3.6.3 U.K.
        • 4.3.6.3.1 Application
        • 4.3.6.3.2 Product
      • 4.3.6.4 Spain
        • 4.3.6.4.1 Application
        • 4.3.6.4.2 Product
      • 4.3.6.5 Italy
        • 4.3.6.5.1 Application
        • 4.3.6.5.2 Product
      • 4.3.6.6 Rest-of-Europe
        • 4.3.6.6.1 Application
        • 4.3.6.6.2 Product
  • 4.4 Asia-Pacific
    • 4.4.1 Regional Overview
    • 4.4.2 Driving Factors for Market Growth
    • 4.4.3 Factors Challenging the Market
    • 4.4.4 Application
    • 4.4.5 Product
    • 4.4.6 Asia-Pacific (by Country)
      • 4.4.6.1 China
        • 4.4.6.1.1 Application
        • 4.4.6.1.2 Product
      • 4.4.6.2 Japan
        • 4.4.6.2.1 Application
        • 4.4.6.2.2 Product
      • 4.4.6.3 South Korea
        • 4.4.6.3.1 Application
        • 4.4.6.3.2 Product
      • 4.4.6.4 Rest-of-Asia-Pacific
        • 4.4.6.4.1 Application
        • 4.4.6.4.2 Product
  • 4.5 Rest-of-the-World
    • 4.5.1 Regional Overview
    • 4.5.2 Driving Factors for Market Growth
    • 4.5.3 Factors Challenging the Market
    • 4.5.4 Application
    • 4.5.5 Product
    • 4.5.6 Rest-of-the-World (by Region)
      • 4.5.6.1 South America
        • 4.5.6.1.1 Application
        • 4.5.6.1.2 Product
      • 4.5.6.2 Middle East and Africa
        • 4.5.6.2.1 Application
        • 4.5.6.2.2 Product

5 Markets - Competitive Benchmarking and Company Profiles

  • 5.1 Next Frontiers
  • 5.2 Geographic Assessment
    • 5.2.1 AB Volvo
      • 5.2.1.1 Overview
      • 5.2.1.2 Top Products/Product Portfolio
      • 5.2.1.3 Top Competitors
      • 5.2.1.4 Target Customers/End Users
      • 5.2.1.5 Key Personnel
      • 5.2.1.6 Analyst View
      • 5.2.1.7 Market Share, 2023
    • 5.2.2 PristenBully (Kassbohrer Gelandefahrzeug AG)
      • 5.2.2.1 Overview
      • 5.2.2.2 Top Products/Product Portfolio
      • 5.2.2.3 Top Competitors
      • 5.2.2.4 Target Customers/End Users
      • 5.2.2.5 Key Personnel
      • 5.2.2.6 Analyst View
      • 5.2.2.7 Market Share, 2023
    • 5.2.3 Hitachi Construction Machinery Co., Ltd.
      • 5.2.3.1 Overview
      • 5.2.3.2 Top Products/Product Portfolio
      • 5.2.3.3 Top Competitors
      • 5.2.3.4 Target Customers/End Users
      • 5.2.3.5 Key Personnel
      • 5.2.3.6 Analyst View
      • 5.2.3.7 Market Share, 2023
    • 5.2.4 Caterpillar
      • 5.2.4.1 Overview
      • 5.2.4.2 Top Products/Product Portfolio
      • 5.2.4.3 Top Competitors
      • 5.2.4.4 Target Customers/End Users
      • 5.2.4.5 Key Personnel
      • 5.2.4.6 Analyst View
      • 5.2.4.7 Market Share, 2023
    • 5.2.5 CNH Industrial N.V.
      • 5.2.5.1 Overview
      • 5.2.5.2 Top Products/Product Portfolio
      • 5.2.5.3 Top Competitors
      • 5.2.5.4 Target Customers/End Users
      • 5.2.5.5 Key Personnel
      • 5.2.5.6 Analyst View
      • 5.2.5.7 Market Share, 2023
    • 5.2.6 Epiroc AB
      • 5.2.6.1 Overview
      • 5.2.6.2 Top Products/Product Portfolio
      • 5.2.6.3 Top Competitors
      • 5.2.6.4 Target Customers/End Users
      • 5.2.6.5 Key Personnel
      • 5.2.6.6 Analyst View
      • 5.2.6.7 Market Share, 2023
    • 5.2.7 Deere & Company
      • 5.2.7.1 Overview
      • 5.2.7.2 Top Products/Product Portfolio
      • 5.2.7.3 Top Competitors
      • 5.2.7.4 Target Customers/End Users
      • 5.2.7.5 Key Personnel
      • 5.2.7.6 Analyst View
      • 5.2.7.7 Market Share, 2023
    • 5.2.8 J C Bamford Excavators Ltd.
      • 5.2.8.1 Overview
      • 5.2.8.2 Top Products/Product Portfolio
      • 5.2.8.3 Top Competitors
      • 5.2.8.4 Target Customers/End Users
      • 5.2.8.5 Key Personnel
      • 5.2.8.6 Analyst View
      • 5.2.8.7 Market Share, 2023
    • 5.2.9 Sany Group
      • 5.2.9.1 Overview
      • 5.2.9.2 Top Products/Product Portfolio
      • 5.2.9.3 Top Competitors
      • 5.2.9.4 Target Customers/End Users
      • 5.2.9.5 Key Personnel
      • 5.2.9.6 Analyst View
      • 5.2.9.7 Market Share, 2023
    • 5.2.10 Sandvik AB
      • 5.2.10.1 Overview
      • 5.2.10.2 Top Products/Product Portfolio
      • 5.2.10.3 Top Competitors
      • 5.2.10.4 Target Customers/End Users
      • 5.2.10.5 Key Personnel
      • 5.2.10.6 Analyst View
      • 5.2.10.7 Market Share, 2023
    • 5.2.11 Komatsu Ltd.
      • 5.2.11.1 Overview
      • 5.2.11.2 Top Products/Product Portfolio
      • 5.2.11.3 Top Competitors
      • 5.2.11.4 Target Customers/End Users
      • 5.2.11.5 Key Personnel
      • 5.2.11.6 Analyst View
      • 5.2.11.7 Market Share, 2023
    • 5.2.12 Liebherr Group
      • 5.2.12.1 Overview
      • 5.2.12.2 Top Products/Product Portfolio
      • 5.2.12.3 Top Competitors
      • 5.2.12.4 Target Customers/End Users
      • 5.2.12.5 Key Personnel
      • 5.2.12.6 Analyst View
      • 5.2.12.7 Market Share, 2023
    • 5.2.13 Prinoth AG (HTI Group)
      • 5.2.13.1 Overview
      • 5.2.13.2 Top Products/Product Portfolio
      • 5.2.13.3 Top Competitors
      • 5.2.13.4 Target Customers/End Users
      • 5.2.13.5 Key Personnel
      • 5.2.13.6 Analyst View
      • 5.2.13.7 Market Share, 2023
    • 5.2.14 CM DUPON - ICECAT
      • 5.2.14.1 Overview
      • 5.2.14.2 Top Products/Product Portfolio
      • 5.2.14.3 Top Competitors
      • 5.2.14.4 Target Customers/End Users
      • 5.2.14.5 Key Personnel
      • 5.2.14.6 Analyst View
      • 5.2.14.7 Market Share, 2023
    • 5.2.15 xelom
      • 5.2.15.1 Overview
      • 5.2.15.2 Top Products/Product Portfolio
      • 5.2.15.3 Top Competitors
      • 5.2.15.4 Target Customers/End Users
      • 5.2.15.5 Key Personnel
      • 5.2.15.6 Analyst View
      • 5.2.15.7 Market Share, 2023

6 Research Methodology

  • 6.1 Data Sources
    • 6.1.1 Primary Data Sources
    • 6.1.2 Secondary Data Sources
    • 6.1.3 Data Triangulation
  • 6.2 Market Estimation and Forecast

List of Figures

  • Figure 1: Off-Highway Electric Vehicle Market (by Scenario), $Million, 2024, 2027, and 2034
  • Figure 2: Off-Highway Electric Vehicle Market (by Region), $Million, 2023, 2027, and 2034
  • Figure 3: Off-Highway Electric Vehicle Market (by Application), $Million, 2023, 2027, and 2034
  • Figure 4: Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023, 2027, and 2034
  • Figure 5: Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023, 2027, and 2034
  • Figure 6: Key Events
  • Figure 7: Failure Rate of Batteries, 2011-2023
  • Figure 8: Number of Mining Fatalities, 2010-2023
  • Figure 9: Supply Chain and Risks within the Supply Chain
  • Figure 10: Value Chain of Off-Highway Electric Vehicle Market
  • Figure 11: Off-Highway Electric Vehicle Market, by Vehicle Type, ($US/Unit), 2023, 2027, and 2034
  • Figure 12: Patent Analysis (by Country), 2021-December 2024
  • Figure 13: Patent Analysis (by Company), January 2021-February 2025
  • Figure 14: End User and Buying Criteria in the Off-Highway Electric Vehicle Market
  • Figure 15: Impact Analysis of Market Navigating Factors, 2023-2034
  • Figure 16: Estimated Annual Emission (by Vehicle Type)
  • Figure 17: Announced Electric Vehicle Battery Manufacturing Capacity by Region and Manufacturing Capacity Needed in The Net Zero Scenario, 2025 and 2030
  • Figure 18: Mining Energy Intensity, Ventilation, and Cooling (by Energy Type), MJ/Ton
  • Figure 19: Performance Comparison when Loaded (by Vehicle Type)
  • Figure 20: Total Cost of Ownership, Net Present Cost ($), 2023
  • Figure 21: Total Cost of Ownership Savings, Percentage (%)
  • Figure 22: On-Highway vs. Off-Highway Compound Annual Growth Rate, Percentage, 2024-2034
  • Figure 23: Share of Battery Electric Vehicles of All Vehicle Sales
  • Figure 24: U.S. Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 25: Canada Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 26: Mexico Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 27: France Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 28: Germany Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 29: U.K. Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 30: Spain Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 31: Italy Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 32: Rest-of-Europe Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 33: China Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 34: Japan Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 35: South Korea Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 36: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 37: South America Off-Highway Electric Vehicle Market, $Million, 2023-2034
  • Figure 38: Middle East and Africa Off-Highway Electric Vehicle Market, 2023-2034
  • Figure 39: Strategic Initiatives, January 2022-February 2025
  • Figure 40: Share of Strategic Initiatives, 2023
  • Figure 41: Data Triangulation
  • Figure 42: Top-Down and Bottom-Up Approach
  • Figure 43: Assumptions and Limitations

List of Tables

  • Table 1: Market Snapshot
  • Table 2: Opportunities across Region
  • Table 3: Competitive Landscape Snapshot
  • Table 4: Future Outlook
  • Table 5: Regulatory Landscape
  • Table 6: Country-Wise Targets
  • Table 7: Electrification Rate (by Vehicle Type), 2023 and 2030
  • Table 8: Off-Highway Electric Vehicle Market (by Application)
  • Table 9: Off-Highway Electric Vehicle Market (by Propulsion Type)
  • Table 10: Electric Snow Grooming Vehicle Market (by Application), $Million, 2023-2034
  • Table 11: Snow Grooming Vehicle Market (by Application), $Million, 2023-2034
  • Table 12: Off-Highway Electric Vehicle Market (by Vehicle Type)
  • Table 13: Electric Snow Grooming Vehicle Market (by Power Output), $Million, 2023-2034
  • Table 14: Snow Grooming Vehicle Market (by Power Output), $Million, 2023-2034
  • Table 15: Off-Highway Electric Vehicle Market (by Region), $Million, 2023-2034
  • Table 16: North America Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 17: North America Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 18: North America Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 19: U.S. Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 20: U.S. Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 21: U.S. Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 22: Canada Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 23: Canada Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 24: Canada Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 25: Mexico Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 26: Mexico Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 27: Mexico Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 28: Europe Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 29: Europe Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 30: Europe Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 31: France Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 32: France Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 33: France Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 34: Germany Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 35: Germany Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 36: Germany Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 37: U.K. Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 38: U.K. Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 39: U.K. Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 40: Spain Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 41: Spain Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 42: Spain Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 43: Italy Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 44: Italy Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 45: Italy Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 46: Rest-of-Europe Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 47: Rest-of-Europe Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 49: Rest-of-Europe Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 50: Asia-Pacific Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 51: Asia-Pacific Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 52: Asia-Pacific Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 53: China Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 54: China Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 55: China Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 56: Japan Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 57: Japan Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 58: Japan Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 59: South Korea Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 60: South Korea Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 61: South Korea Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 62: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 63: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 64: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 65: Rest-of-the-World Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 66: Rest-of-the-World Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 67: Rest-of-the-World Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 68: South America Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 69: South America Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 70: South America Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 71: Middle East and Africa Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
  • Table 72: Middle East and Africa Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
  • Table 73: Middle East and Africa Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
  • Table 74: Market Share