Off-Highway Electric Vehicle Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global off-highway electric vehicle market size was estimated at USD 5.48 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 21% from 2022 to 2028.

Off-highway electric vehicles include agricultural tractors, mining trucks, lawn movers, and construction equipment used in off-highway applications using electric propulsion.

Company Profile

• Hitachi Construction Machinery
• Caterpillar
• Komatsu
• JCB
• Volvo Construction Equipment
• Deere & Company
• CNH Industrial
• Sandvik

Market Segmentation

By Application

• Construction
• Agriculture
• Mining

By Vehicle type

• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)

Scope of the Report

The research study analyzes the global Off-Highway Electric Vehicle industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Off-Highway Electric Vehicle Market Report

1. What was the Off-Highway Electric Vehicle Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Off-Highway Electric Vehicle Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Off-Highway Electric Vehicle Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.