Off-highway Electric Vehicle Market Opportunities and Growth for next Upcoming Year | Hitachi Construction Machinery Co., Ltd, Caterpillar, Komatsu America Corp, AB Volvo, Deere & Company
Global Off-highway Electric Vehicle Market By Equipment (Dump Truck, Dozer, Excavator, Motor Grader, Lhd, Loader, Lawn Mower, Sprayer, Tractor), Battery Type (Lithium- ion, Nickel Metal Hydride, Lead- Acid, Others), Battery Capacity (<50 Kwh, 50–200 Kwh, 200–500 Kwh, >500 Kwh), Propulsion Type (Battery Electric, Hybrid Electric), Power Output (<50 Hp, 50–150 Hp, 150–300 Hp, >300 Hp), Electric Trator Equipment (Lawn Mower, Sprayer, Tractor), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Off-highway Electric Vehicle market is set to witness a healthy CAGR of 24.98% in the forecast period of 2019- 2026.
An electric vehicle is a vehicle which is powered entirely or partially by electricity. They use one or more electric motors for propulsion purposes. They usually store energy in the battery. Different batteries such as lithium- ion, lead acid, and nickel metal hybrid are used in these electric vehicles. Some of the common off highway EV equipment are dump truck, Lhd, loafer, lawn mower, sprayer, and other. Off-road hybrid electric vehicles are armed with a diesel engine and a restorative energy storage system to improve fuel efficiency.
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Companies Profiled in this report includes, Hitachi Construction Machinery Co., Ltd; Caterpillar; Komatsu America Corp; AB Volvo; Deere & Company; CNH Industrial; Sandvik AB; Liebherr Group; Epiroc Mining India Limited; Terex; DEUTZ AG; Atlas Copco UK Holdings Ltd; AGCO GmbH.; Zoomlion Heavy Industry Science&Technology Co., Ltd.; KUBOTA Corporation; Rockwell Automation, Inc.; among others.
This global Off-highway Electric Vehicle business document is amazingly characterized with the application of several charts, graphs and tables depending on the extent of data and information involved. The analysis is fragmented by key players, gauge patterns, most recent market investigation, application utilization and significant land profits. Being an outstanding resource of market info, the report provides recent as well as upcoming technical and financial details of the industry to 2026. Moreover, Off-highway Electric Vehicle market research report likewise gives an attentive examination of the present condition of the market which covers a few market elements.
Market Drivers:
- They create less vibration and noise which will drive the market growth
- Increasing awareness about the environmental benefits of EV will also accelerate the market growth
- Low cost of upgrade is another factor boosting the growth of the market in the forecast period
- The efficiency of off-highway electric vehicle also uplifts the demand of the market
Market Restraints:
- High investment cost of EV will hamper the market growth
- Unavailability of charging stations will also restrain the market
Segmentation: Global Off-highway Electric Vehicle Market
- By Equipment: Dump Truck, Dozer, Excavator, Motor Grader, Lhd, Loader, Lawn Mower, Sprayer, Tractor
- By Battery Type, Lithium- ion, Nickel Metal Hydride, Lead- Acid, Others
- By Battery Capacity: <50 Kwh, 50–200 Kwh, 200–500 Kwh, >500 Kwh
- By Propulsion Type: Battery Electric, Hybrid Electric
- By Power Output: <50 Hp, 50–150 Hp, 150–300 Hp, >300 Hp
- By Electric Trator Equipment: Lawn Mower, Sprayer, Tractor
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Global Off-highway Electric Vehicle market report includes all the company profiles of the major players and brands. It provides an access and self-dissected study alongside diagrams and tables to help comprehend market patterns, drivers and market difficulties. The Off-highway Electric Vehiclemarket analysis covers noteworthy information which makes the entire report a convenient asset for administrators, investigators, industry specialists, and other key individuals. The market report comprises of a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. Every probable effort has been made when research and analysis is performed to prepare this Off-highway Electric Vehicle market research report.
Key Developments in the Market:
- In January 2019, Sandvik AB announced the acquisition of Artisan Vehicle Systems. With high-powered, extremely reliable and field-proven battery electric powertrains, Artisan’s underground mining loaders and trucks are designed. This acquisition will help the company to strengthen their position in the market and will help them to offer better solution and services to their customer
- In September 2017, AGCO Fendt announced the launch of their all-electric tractor Fendt e100 Vario which has the ability to perform different function with the need of recharging, The high-capacity lithium-ion battery of the compact tractor has a 50kW output that lasts up to five hours and can either be charged with 400V and up to 22kW via a standard outdoor CEE socket or a direct-voltage supercharging option. This new tractor is very cost effective and also reduce carbon emissions
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Table of Content:
Global Off-highway Electric Vehicle Market Research Report 2019-2026
Chapter 1: Industry Overview
Chapter 2: Off-highway Electric Vehicle Market International and China Market Analysis
Chapter 3: Environment Analysis of Market.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Off-highway Electric Vehicle Market Revenue Market Status.
Chapter 7: Analysis of Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis of Market.
Continue To TOC…..
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