The electrification of off-road vehicle power systems such as construction, agricultural and mining machinery has become a focus of concern because of concerns about emissions and noise from conventional diesel-powered machinery. The electric drive off-road vehicle has the advantages of high efficiency, good mobility and high running accuracy. For most businesses, the cost of fuel is a significant expense. In many industries related to the construction industry, we have seen the growth of electric and hybrid equipment.
This report contains market size and forecasts of Off-Highway Hybrid Vehicles in global, including the following market information:
- Global Off-Highway Hybrid Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Off-Highway Hybrid Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Off-Highway Hybrid Vehicles companies in 2021 (%)
The global Off-Highway Hybrid Vehicles market was valued at 4016 million in 2021 and is projected to reach US$ 9856.4 million by 2028, at a CAGR of 13.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Series Hybrid Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Off-Highway Hybrid Vehicles include Dana, Hitachi, Kobelco, Volvo, Caterpillar, Komatsu, Zoomlion, John Deere and Doosan, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Off-Highway Hybrid Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Off-Highway Hybrid Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off-Highway Hybrid Vehicles Market Segment Percentages, by Type, 2021 (%)
- Series Hybrid
- Parallel Hybrid
Global Off-Highway Hybrid Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off-Highway Hybrid Vehicles Market Segment Percentages, by Application, 2021 (%)
- Construction
- Agriculture
- Mining
- Other
Global Off-Highway Hybrid Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off-Highway Hybrid Vehicles Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Off-Highway Hybrid Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Off-Highway Hybrid Vehicles revenues share in global market, 2021 (%)
- Key companies Off-Highway Hybrid Vehicles sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Off-Highway Hybrid Vehicles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Dana
- Hitachi
- Kobelco
- Volvo
- Caterpillar
- Komatsu
- Zoomlion
- John Deere
- Doosan
- XCMG
- Liebherr
- Wirtgen Group
- SANY
- Dynapac
- BOMAG
