Off-highway electric vehicle market 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.
Global off-highway electric vehicle market is set to witness a healthy CAGR of 24.98% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement in industrial sector and growing demand for farm equipment are the factor for the market growth.
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Market Drivers and Restraints:
High investment cost of EV will hamper the market growth
Unavailability of charging stations will also restrain the market
Less acceptance of electric vehicles among population is another factor restricting this 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
The major players covered in the Off-highway electric vehicle market
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.
MAJOR TOC OF THE REPORT
Chapter One: Off-highway electric vehicle market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Off-highway Electric Vehicle Competition, by Players
Chapter Four: Global Off-highway electric vehicle market Size by Regions
Chapter Five: North America Off-highway electric vehicle market Revenue by Countries
Chapter Six: Europe Off-highway electric vehicle market Revenue by Countries
Chapter Seven: Asia-Pacific Off-highway electric vehicle market Revenue by Countries
Chapter Eight: South America Off-highway electric vehicle market Revenue by Countries
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Off-highway electric vehicle market
Analysis of market effect factors and their impact on the forecast and outlook of the global Off-highway electric vehicle market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Off-highway electric vehicle market
A roadmap of growth opportunities available in the global Off-highway electric vehicle market with the identification of key factors
The exhaustive analysis of various trends of the global Off-highway electric vehicle market to help identify market developments
Key Questions Answered in Report:
What is the key to the Off-highway electric vehicle market ?
What will the Off-highway electric vehicle market Demand and what will be Growth?
What are the latest opportunities for Off-highway electric vehicle market in the future?
What are the strengths of the key players?
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