Global Report on Electrification of Off-Highway Vehicles – Forecast to 2024

BENGALURU, India - Sept. 14, 2020 - PRLog -- The Off-highway vehicle electrification market in the pre-COVID-19 situation was projected to reach 0.1 million units by 2025 from 0.03 million units in 2018 (in terms of volume). The need for introduction of environment friendly technology, rapid innovation related to electric vehicle technology, switching to alternate power source are going to be the major factors contributing to the growth of the market. However, high production cost coupled with low production capacity is likely to hamper the growth of the market.


Key Market Players

The Off-highway vehicle electrification market comprises major manufacturers such as Caterpillar (USA), AB Volvo (Sweden), Hitachi Construction Machinery Co. ltd (Japan), Kobelco Construction Machinery Co. Ltd (Japan), and CNH Industrial NV (Japan). These companies have strong distribution networks at a global level and offer an extensive product range. All the major players are focusing on new product development, and partnerships to gain a higher market share of the off-highway electric vehicles market.

Introduction
•Scope of the study
•Objectives of the study
•Scope and Limitations

Research Methodology
•Market Sizing Approach/Data Triangulation
•Market Forecasting Framework

Executive Summary
•Market Landscape
•Region wise market
•Future Outlook

Market Overview
•Product Definition
•Value Chain
•Off Highway Electrification evolution
•Market trend
•Industry structure

Global Off Highway Equipment Industry Scenario
•Global Economic Trend
•Future Economic Outlook
•Evolution of electrification technology
•Hybrids will play a role in the journey toward full electric
•Factors pushing hybridization and electrification in OHV
•Hybrid AND electric related development by key OEMs
•Key Mergers & Acquisition, Deals (VC/PE), Investments, market entry news

Key Development and Opinion Leader View
•Key Developments
•Opinion leader views

Regulatory Changes and its Impact
•Environmental Regulations
•Impact of environment regulations
Market Size and Share Analysis

Equipment wise market share
•Excavators
•Backhoe Loaders
•Wheel Loaders
•Dozers
•Compactors
•Mobile Cranes
•Others

Application wise market share
•Building & Construction
•Earth Moving
•Heavy Lifting & Material handling
•Recycling & waste management
•Tunnelling

Market share by Geography
•North America
•Europe
•APAC
•ROW

Market drivers, Challenges and forecast
•Drivers
•Challenges
•Future Forecast
•Country-wise Future Forecast

Company Profiles
• Caterpillar
• AB Volvo
• Hitachi Construction Machinery Co., Ltd
• Kobelco Construction Machinery Co., Ltd
• CNH Industrial N.V
• Liebherr Group
• John Deere
• Terex
• Sany Group
• Doosan Infracore

For more details on "Off-highway Vehicle Electrification Market Report:

https://i2iresearch.com/report/off-highway-electrification-market-report-global-regional-industry-forecast-2018-2023/