세계의 오프 하이웨이 전기자동차 시장 : 산업 분석, 규모, 점유율, 성장, 동향, 분석 및 예측(2025-2034년)

Persistence Market Research has recently released a comprehensive report on the worldwide market for off-highway electric vehicles. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global off-highway electric vehicle market from 2025 to 2032.

Key Insights:

• Off-highway Electric Vehicle Market Size (2025E): USD 3.1 Billion
• Projected Market Value (2032F): USD 6.3 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 14.5%

Off-highway Electric Vehicle Market - Report Scope:

Off-highway electric vehicles (OHEVs) include electrically powered machinery and equipment used in construction, agriculture, mining, and material handling applications. These vehicles offer significant environmental and operational advantages, such as reduced emissions, lower noise levels, and decreased maintenance costs compared to conventional diesel-powered machines. The off-highway electric vehicle market encompasses a diverse portfolio, including electric excavators, loaders, tractors, haul trucks, and forklifts. Market growth is driven by stringent emission regulations, rising fuel costs, advancements in battery technology, and growing sustainability initiatives across industries seeking to reduce their carbon footprint.

Market Growth Drivers:

The global off-highway electric vehicle market is propelled by several key factors, including the increasing adoption of electric machinery in construction and mining to comply with tightening emissions standards and urban air quality regulations. Rising fuel prices and operational cost pressures incentivize fleet owners to transition to electric alternatives, offering long-term cost savings. Technological advancements, such as improvements in lithium-ion battery energy density, faster charging solutions, and the integration of telematics for fleet management, further drive market expansion. Additionally, government incentives and funding programs supporting electrification in industrial sectors bolster the demand for OHEVs worldwide.

Market Restraints:

Despite its promising growth prospects, the off-highway electric vehicle market faces challenges related to high initial purchase costs, limited charging infrastructure, and concerns over battery life and performance in demanding operating environments. The substantial upfront investment required for electric machinery can deter smaller contractors and businesses with constrained capital budgets. Furthermore, uncertainties regarding battery disposal, recycling, and raw material supply chains, particularly for critical minerals like lithium, cobalt, and nickel, pose sustainability and supply risks. Addressing these technical and economic barriers is essential to accelerate the widespread adoption of off-highway electric vehicles globally.

Market Opportunities:

The off-highway electric vehicle market presents significant growth opportunities driven by innovation, regulatory support, and industry partnerships. Advancements in solid-state batteries, wireless charging technologies, and modular battery swapping systems promise to enhance the efficiency, range, and versatility of OHEVs. The integration of digital technologies, such as autonomous operation, data analytics, and predictive maintenance, offers additional value propositions for end-users seeking to optimize productivity and reduce downtime. Emerging markets, particularly in Asia Pacific and Latin America, present untapped potential due to rapid urbanization, infrastructure development, and growing awareness of environmental sustainability. Collaborative efforts between OEMs, battery manufacturers, and government stakeholders will be pivotal in unlocking new applications and market segments for off-highway electric vehicles.

Key Questions Answered in the Report:

• What are the primary factors driving the growth of the off-highway electric vehicle market globally?
• Which vehicle types and applications are driving electric adoption across off-highway industries?
• How are technological advancements reshaping the competitive landscape of the off-highway electric vehicle market?
• Who are the key players contributing to the off-highway electric vehicle market, and what strategies are they employing to maintain market relevance?
• What are the emerging trends and future prospects in the global off-highway electric vehicle market?

Competitive Intelligence and Business Strategy:

These companies invest in R&D to develop high-performance electric machinery, battery management systems, and charging solutions tailored to demanding industrial applications. Collaborations with technology providers, battery suppliers, and infrastructure developers facilitate the scaling of electric solutions and market penetration. Additionally, manufacturers emphasize sustainability, circular economy initiatives, and digital services to enhance value offerings and build customer loyalty in the evolving off-highway electric vehicle landscape.

Key Companies Profiled:

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

Off-highway Electric Vehicle Market Research Segmentation:

The off-highway electric vehicle market encompasses a diverse range of vehicle types, applications, powertrains, and end-user segments, addressing various industrial requirements and operational environments.

By Battery Type

• Li-ion
• Lead-acid

By Propulsion

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

By Application

• Construction
• Agriculture
• Mining

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Middle East and Africa
• Latin America

Table of Contents

1. Executive Summary

• 1.1. Global Off-Highway Electric Vehicle Market Snapshot 2025 and 2032
• 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
• 1.3. Key Market Trends
• 1.4. Industry Developments and Key Market Events
• 1.5. Demand Side and Supply Side Analysis
• 1.6. PMR Analysis and Recommendations

2. Market Overview

• 2.1. Market Scope and Definitions
• 2.2. Value Chain Analysis
• 2.3. Macro-Economic Factors
  • 2.3.1. Global GDP Outlook
  • 2.3.2. Global Construction Industry Overview
  • 2.3.3. Global Mining Industry Overview
• 2.4. Forecast Factors - Relevance and Impact
• 2.5. COVID-19 Impact Assessment
• 2.6. PESTLE Analysis
• 2.7. Porter's Five Forces Analysis
• 2.8. Geopolitical Tensions: Market Impact
• 2.9. Regulatory and Technology Landscape

3. Market Dynamics

• 3.1. Drivers
• 3.2. Restraints
• 3.3. Opportunities
• 3.4. Trends

4. Price Trend Analysis, 2019-2032

• 4.1. Region-wise Price Analysis
• 4.2. Price by Segments
• 4.3. Price Impact Factors

5. Global Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 5.1. Key Highlights
• 5.2. Global Off-Highway Electric Vehicle Market Outlook: Battery Type
  • 5.2.1. Introduction/Key Findings
  • 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Battery Type, 2019-2024
  • 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
    • 5.2.3.1. Li-ion
    • 5.2.3.2. Lead-acid
  • 5.2.4. Market Attractiveness Analysis: Battery Type
• 5.3. Global Off-Highway Electric Vehicle Market Outlook: Application
  • 5.3.1. Introduction/Key Findings
  • 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Application, 2019-2024
  • 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
    • 5.3.3.1. Construction
    • 5.3.3.2. Agriculture
    • 5.3.3.3. Mining
  • 5.3.4. Market Attractiveness Analysis: Application
• 5.4. Global Off-Highway Electric Vehicle Market Outlook: Propulsion
  • 5.4.1. Introduction/Key Findings
  • 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Propulsion, 2019-2024
  • 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
    • 5.4.3.1. Battery Electric Vehicle (BEV)
    • 5.4.3.2. Hybrid Electric Vehicle (HEV)
  • 5.4.4. Market Attractiveness Analysis: Propulsion

6. Global Off-Highway Electric Vehicle Market Outlook: Region

• 6.1. Key Highlights
• 6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
• 6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
  • 6.3.1. North America
  • 6.3.2. Europe
  • 6.3.3. East Asia
  • 6.3.4. South Asia & Oceania
  • 6.3.5. Latin America
  • 6.3.6. Middle East & Africa
• 6.4. Market Attractiveness Analysis: Region

7. North America Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 7.1. Key Highlights
• 7.2. Pricing Analysis
• 7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 7.3.1. U.S.
  • 7.3.2. Canada
• 7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 7.4.1. Li-ion
  • 7.4.2. Lead-acid
• 7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 7.5.1. Construction
  • 7.5.2. Agriculture
  • 7.5.3. Mining
• 7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 7.6.1. Battery Electric Vehicle (BEV)
  • 7.6.2. Hybrid Electric Vehicle (HEV)

8. Europe Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 8.1. Key Highlights
• 8.2. Pricing Analysis
• 8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 8.3.1. Germany
  • 8.3.2. Italy
  • 8.3.3. France
  • 8.3.4. U.K.
  • 8.3.5. Spain
  • 8.3.6. Russia
  • 8.3.7. Rest of Europe
• 8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 8.4.1. Li-ion
  • 8.4.2. Lead-acid
• 8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 8.5.1. Construction
  • 8.5.2. Agriculture
  • 8.5.3. Mining
• 8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 8.6.1. Battery Electric Vehicle (BEV)
  • 8.6.2. Hybrid Electric Vehicle (HEV)

9. East Asia Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 9.1. Key Highlights
• 9.2. Pricing Analysis
• 9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 9.3.1. China
  • 9.3.2. Japan
  • 9.3.3. South Korea
• 9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 9.4.1. Li-ion
  • 9.4.2. Lead-acid
• 9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 9.5.1. Construction
  • 9.5.2. Agriculture
  • 9.5.3. Mining
• 9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 9.6.1. Battery Electric Vehicle (BEV)
  • 9.6.2. Hybrid Electric Vehicle (HEV)

10. South Asia & Oceania Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 10.1. Key Highlights
• 10.2. Pricing Analysis
• 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 10.3.1. India
  • 10.3.2. Southeast Asia
  • 10.3.3. ANZ
  • 10.3.4. Rest of SAO
• 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 10.4.1. Li-ion
  • 10.4.2. Lead-acid
• 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 10.5.1. Construction
  • 10.5.2. Agriculture
  • 10.5.3. Mining
• 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 10.6.1. Battery Electric Vehicle (BEV)
  • 10.6.2. Hybrid Electric Vehicle (HEV)

11. Latin America Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 11.1. Key Highlights
• 11.2. Pricing Analysis
• 11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 11.3.1. Brazil
  • 11.3.2. Mexico
  • 11.3.3. Rest of LATAM
• 11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 11.4.1. Li-ion
  • 11.4.2. Lead-acid
• 11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 11.5.1. Construction
  • 11.5.2. Agriculture
  • 11.5.3. Mining
• 11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 11.6.1. Battery Electric Vehicle (BEV)
  • 11.6.2. Hybrid Electric Vehicle (HEV)

12. Middle East & Africa Off-Highway Electric Vehicle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 12.1. Key Highlights
• 12.2. Pricing Analysis
• 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
  • 12.3.1. GCC Countries
  • 12.3.2. South Africa
  • 12.3.3. Northern Africa
  • 12.3.4. Rest of MEA
• 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Battery Type, 2025-2032
  • 12.4.1. Li-ion
  • 12.4.2. Lead-acid
• 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2025-2032
  • 12.5.1. Construction
  • 12.5.2. Agriculture
  • 12.5.3. Mining
• 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Propulsion, 2025-2032
  • 12.6.1. Battery Electric Vehicle (BEV)
  • 12.6.2. Hybrid Electric Vehicle (HEV)

13. Competition Landscape

• 13.1. Market Share Analysis, 2024
• 13.2. Market Structure
  • 13.2.1. Competition Intensity Mapping
  • 13.2.2. Competition Dashboard
• 13.3. Company Profiles
  • 13.3.1. Caterpillar Inc.
    • 13.3.1.1. Company Overview
    • 13.3.1.2. Product Portfolio/Offerings
    • 13.3.1.3. Key Financials
    • 13.3.1.4. SWOT Analysis
    • 13.3.1.5. Company Strategy and Key Developments
  • 13.3.2. CNH Industrial N.V.
  • 13.3.3. Hitachi Construction Machinery Co., Ltd.
  • 13.3.4. J C Bamford Excavators Ltd.
  • 13.3.5. Komatsu Ltd.
  • 13.3.6. Volvo Construction Equipment AB
  • 13.3.7. Deere & Company
  • 13.3.8. Doosan Corporation
  • 13.3.9. Sandvik AB
  • 13.3.10. Epiroc AB

14. Appendix

• 14.1. Research Methodology
• 14.2. Research Assumptions
• 14.3. Acronyms and Abbreviations