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Automotive and Transportation Off-Highway Electric Vehicle Market

The off-highway electric vehicle market is projected to grow at a CAGR 20.19% rate during the forecast period. With the increase in global emission levels and stringency of emission norms, manufacturers face operational issues in reaching an optimum balance between the output received, cost incurred, and profit margins. Growing stringency of emission norms for off-highway vehicles has shifted the focus of manufacturers on alternate powertrain sources such as their electrical counterparts.


Off-highway hybrid electric vehicle is estimated to be the largest segment. Off-highway hybrid electric vehicles are equipped with a diesel engine along with the regenerative energy storage system that helps increase the fuel efficiency by 40–50%. Developed countries in Europe and North America have a higher demand for electric and hybrid equipment due to their well established and robust electricity grid.


Electric tractor is projected to be the fastest growing segment. Farmers have started adopting advanced agricultural processes and modern farm equipment to gain higher yield. Also, governments around the world are focusing on increasing food productivity. Thus, the demand for farm equipment with modern technologies like electric and hybrid tractors is expected to rise. There are limited manufacturers such as John Deere and Solectrac who are working on electric tractors.


Asia Pacific is estimated to be the fastest growing market during the forecast period. Asia Pacific has experienced growth in terms of number of projects such as dams, airports, and hydroelectric because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region.


Key players include Volvo CE (Sweden), Caterpillar (US), Komatsu (Japan), Hitachi Construction Machinery (Japan), JCB (UK). 

1.     Introduction

1.1.  Market Definition

1.2.  Study Scope

1.3.  Study Period

1.4.  Market Stakeholders

2.     Research Methodology

2.1.  Secondary Research

2.2.  Primary Research

2.3.  Research Design

2.4.  Data Validation

2.5.  Limitations and Assumptions

3.     Executive Summary

4.     Market Dynamics

4.1.  Drivers

4.1.1.Low Noise and Vibration

4.1.2.Improved Efficiency

4.1.3.Low Overhaul Cost

4.1.4.High Cost of Ventilation of Diesel Emissions in Mining

4.1.5.Environmental and Human Safety

4.2.  Opportunities

4.2.1.New Advancements in Industrial Sector

4.3.  Challenges

4.3.1.Low Battery Capacity

4.3.2.Lack of Qualified Workers

4.3.3.Low Compatibility for Long Haul Applications

4.3.4.Low Compatibility for Electrification

4.3.5.Higher Initial Cost Than Diesel-Powered Equipment

4.3.6.Insufficient Charging Infrastructure

4.3.7.Lower Acceptance of Electric Vehicles

5.     Off-Highway Electric Vehicle Market, By Application

5.1.  Mining

5.2.  Construction

5.3.  Gardening

5.4.  Agriculture

6.     Off-Highway Electric Vehicle Market, By Equipment

6.1.  Dump Truck

6.2.  Dozer

6.3.  Excavator

6.4.  Excavator

6.5.  Motor Grader

6.6.  Lhd

6.7.  Loader

6.8.  Lawn Mower

6.9.  Sprayer

6.10.                 Tractor

7.     Off-Highway Electric Vehicle Market, By Battery Type

7.1.  Lithium-Ion

7.2.  Nickel Metal Hydride

7.3.  Lead-Acid

7.4.  Others

8.     Off-Highway Electric Vehicle Market, By Battery Capacity

8.1.  Less than 50 Kwh

8.2.  50–200 Kwh

8.3.  200–500 Kwh

8.4.  More than 500 Kwh

9.     Off-Highway Electric Vehicle Market, By Propulsion Type

9.1.  Battery Electric

9.2.  Hybrid Electric

10. Off-Highway Electric Vehicle Market, By Power Output

10.1.                 Less than 50 Hp

10.2.                 50–150 Hp

10.3.                 150–300 Hp

10.4.                 More than 300 Hp

11. Electric Tractor Market, By Equipment

11.1.                 Lawn Mower

11.2.                 Sprayer

11.3.                 Tractor

12. Off-Highway Electric Vehicle Market, By Region

12.1.                 Asia Pacific

12.1.1.  China

12.1.2.  India

12.1.3.  Japan

12.2.                 Europe

12.2.1.  Germany

12.2.2.  UK

12.2.3.  France

12.2.4.  Russia

12.2.5.  Spain

12.2.6.  Italy

12.3.                 North America

12.3.1.  US

12.3.2.  Canada

12.3.3.  Mexico

12.4.                 Rest of the World (RoW)

12.4.1.  Brazil

12.4.2.  South Africa

13. Company Profiles

13.1.                 Hitachi Construction Machinery

13.2.                 Caterpillar

13.3.                 Komatsu

13.4.                 JCB

13.5.                 Volvo Construction Equipment

13.6.                 Deere & Company

13.7.                 CNH Industrial

13.8.                 Sandvik

13.9.                 Liebherr

13.10.              Epiroc

*Company introduction, financial information, recent developments, SWOT analysis

14. Conclusion and Recommendations

15. Appendix

15.1.                 About

15.2.                 Related Reports

15.3.                 Glossary


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