Yahoo Finance Global Off-Highway Electric Vehicles Market to Reach $60 Billion by 2030
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
New York, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Off-Highway Electric Vehicles Industry" - https://www.reportlinker.com/p06032366/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Off-Highway Electric Vehicles Market to Reach $60 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Off-Highway Electric Vehicles estimated at US$26.4 Billion in the year 2022, is projected to reach a revised size of US$60 Billion by 2030, growing at aCAGR of 10.8% over the period 2022-2030. Hybrid-Electric, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$30.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Battery-Electric segment is readjusted to a revised 15% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.9 Billion, While China is Forecast to Grow at 10.2% CAGR
The Off-Highway Electric Vehicles market in the U.S. is estimated at US$7.9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 8.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
Select Competitors (Total 42 Featured)
- Caterpillar
- CNH Industrial N.V.
- Deere & Company
- Doosan Corporation
- Epiroc AB
- Hitachi Construction Machinery Co., Ltd.
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- Sandvik AB
- Volvo Construction Equipment AB
Read the full report: https://www.reportlinker.com/p06032366/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Off-Highway Electric Vehicles - Global Key Competitors
Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Off-Highway Electric Vehicles by Geographic Region - USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2022 through 2030 and % CAGR
Table 2: World 8-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 2023 & 2030
Table 3: 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
2022 through 2030 and % CAGR
Table 4: World 8-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 2023 & 2030
Table 5: 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
2022 through 2030 and % CAGR
Table 6: World 8-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 2023 & 2030
Table 7: 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 2022 through
2030 and % CAGR
Table 8: World 8-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
2023 & 2030
Table 9: 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 2022 through
2030 and % CAGR
Table 10: World 8-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 2023 & 2030
Table 11: 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 2022 through
2030 and % CAGR
Table 12: World 8-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 2023 & 2030
Table 13: 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
2022 through 2030 and % CAGR
Table 14: World 8-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 2023 & 2030
Table 15: World Off-Highway Electric Vehicles Market Analysis
of Annual Sales in US$ Million for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United States for 2023
(E)
Table 16: 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 2022 through 2030 and % CAGR
Table 17: USA 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 18: 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 2022
through 2030 and % CAGR
Table 19: USA 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
CANADA
Table 20: 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 2022 through 2030 and % CAGR
Table 21: Canada 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 22: 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 2022
through 2030 and % CAGR
Table 23: Canada 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
JAPAN
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 24: 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 2022 through 2030 and % CAGR
Table 25: Japan 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 26: 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 2022
through 2030 and % CAGR
Table 27: Japan 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
CHINA
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in China for 2023 (E)
Table 28: 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 2022 through 2030 and % CAGR
Table 29: China 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 30: 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 2022
through 2030 and % CAGR
Table 31: China 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
EUROPE
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Europe for 2023 (E)
Table 32: 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 2022 through
2030 and % CAGR
Table 33: Europe 8-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 2023 & 2030
Table 34: 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 2022 through 2030 and % CAGR
Table 35: Europe 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 36: 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 2022
through 2030 and % CAGR
Table 37: Europe 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
FRANCE
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in France for 2023 (E)
Table 38: 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 2022 through 2030 and % CAGR
Table 39: France 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 40: 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 2022
through 2030 and % CAGR
Table 41: France 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
GERMANY
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Germany for 2023 (E)
Table 42: 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 2022 through 2030 and % CAGR
Table 43: Germany 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 44: 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 2022
through 2030 and % CAGR
Table 45: Germany 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
ITALY
Table 46: 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 2022 through 2030 and % CAGR
Table 47: Italy 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 48: 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 2022
through 2030 and % CAGR
Table 49: Italy 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
UNITED KINGDOM
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United Kingdom for 2023
(E)
Table 50: 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 2022 through 2030 and % CAGR
Table 51: UK 8-Year Perspective for Off-Highway Electric
Vehicles by Propulsion - Percentage Breakdown of Value Sales
for Hybrid-Electric and Battery-Electric for the Years 2023 &
2030
Table 52: 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 2022
through 2030 and % CAGR
Table 53: UK 8-Year Perspective for Off-Highway Electric
Vehicles by Application - Percentage Breakdown of Value Sales
for Construction, Mining, Agriculture and Other Applications
for the Years 2023 & 2030
REST OF EUROPE
Table 54: 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 2022 through 2030 and
% CAGR
Table 55: Rest of Europe 8-Year Perspective for Off-Highway
Electric Vehicles by Propulsion - Percentage Breakdown of Value
Sales for Hybrid-Electric and Battery-Electric for the Years
2023 & 2030
Table 56: 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 2022 through 2030 and % CAGR
Table 57: Rest of Europe 8-Year Perspective for Off-Highway
Electric Vehicles by Application - Percentage Breakdown of
Value Sales for Construction, Mining, Agriculture and Other
Applications for the Years 2023 & 2030
ASIA-PACIFIC
Off-Highway Electric Vehicles Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 58: 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 2022 through 2030 and
% CAGR
Table 59: Asia-Pacific 8-Year Perspective for Off-Highway
Electric Vehicles by Propulsion - Percentage Breakdown of Value
Sales for Hybrid-Electric and Battery-Electric for the Years
2023 & 2030
Table 60: 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 2022 through 2030 and % CAGR
Table 61: Asia-Pacific 8-Year Perspective for Off-Highway
Electric Vehicles by Application - Percentage Breakdown of
Value Sales for Construction, Mining, Agriculture and Other
Applications for the Years 2023 & 2030
REST OF WORLD
Table 62: 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 2022 through 2030 and
% CAGR
Table 63: Rest of World 8-Year Perspective for Off-Highway
Electric Vehicles by Propulsion - Percentage Breakdown of Value
Sales for Hybrid-Electric and Battery-Electric for the Years
2023 & 2030
Table 64: 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 2022 through 2030 and % CAGR
Table 65: Rest of World 8-Year Perspective for Off-Highway
Electric Vehicles by Application - Percentage Breakdown of
Value Sales for Construction, Mining, Agriculture and Other
Applications for the Years 2023 & 2030
IV. COMPETITION
Read the full report: https://www.reportlinker.com/p06032366/?utm_source=GNW
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