The global off-highway EV component market size reached US$ 25.7 billion in 2022. Revenue is estimated to reach US$ 29.2 billion in 2023. Over the assessment period from 2023 to 2033, sales are projected to exhibit a 13.9% CAGR. It will likely result in a market size of US$ 106.2 billion by 2033.
Key Highlights Driving Demand for Off-highway EV Component Market
| Attributes | Key Insights |
|---|---|
| Off-Highway EV Component Market Size(2022A) | US$ 25.7 billion |
| Off-Highway EV Component Market Estimated Valuation (2023E) | US$ 29.2 billion |
| Off-Highway EV Component Market Projected Valuation (2033F) | US$ 106.2 billion |
| Value-based Off-Highway EV Component Market CAGR (2023 to 2033) | 13.9% |
| Collective Value Share: Top 3 Countries (2023E) | 46.7% |
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The market witnessed a CAGR of 11.2% over the historical period of 2018 to 2022. The global off-highway EV component market reached US$ 25.7 billion in 2022.
| Historical Off-Highway EV Component Market (2018 to 2022) | CAGR of 11.2% |
|---|---|
| Historical Market Value (2022) | US$ 25.7 billion |
The global off-highway EV component market witnessed growth due to increasing electrification of vehicle fleets during the forecast period. Governments worldwide are imposing strict emissions regulations, encouraging the adoption of electric vehicles (EVs) in various sectors. It includes off-highway vehicles such as construction equipment and agricultural machinery.
Off-highway equipment operators are increasingly considering the TCO of EVs, which can be lower due to reduced fuel and maintenance costs. This cost savings is a significant driver for adopting EV components in off-highway vehicles.
Businesses and organizations are placing a strong emphasis on sustainability and reducing their carbon footprint. Electrification aligns with these goals, driving demand for EV components in off-highway equipment. Improvements in battery technology have increased the energy density and lifespan of batteries, making them more suitable for off-highway applications. This drives the demand for battery components in off-highway EV component market.
Advances in electric drive systems, including motors and power electronics, have made them more robust and suitable for heavy-duty off-highway use, further driving market demand. Key players in the automotive and industrial equipment sectors are entering the off-highway EV market, further validating its potential and driving component demand.
The growth of charging infrastructure for electric vehicles, including off-highway equipment, supports the increased adoption of EVs and their components. Electric off-highway vehicles can offer improved operational efficiency, a critical factor in industries where equipment uptime and productivity are paramount.
From 2023 to 2033, the market is expected to register a CAGR of 13.9%. The market is anticipated to expand significantly, driven by several factors. Growth is anticipated to be fueled by the rising demand for eco-friendly and reusable products.
Advances in battery technology are a significant trend, leading to improved energy density, longer battery life, and faster charging capabilities for off-highway EVs.
Construction, agriculture, and mining industries are increasingly adopting electric powertrains to reduce emissions and operating costs.
Various off-highway vehicles are transitioning to hybrid systems, combining traditional engines with electric power for enhanced efficiency and reduced environmental impact.
Components are being developed to enhance the efficiency and performance of off-highway EVs, including electric motors, power electronics, and energy management systems.
Automation and autonomy are becoming more common in off-highway applications, driving the development of electric components that support these technologies.
Integration of telematics and connectivity features in off-highway EVs is enabling remote monitoring, predictive maintenance, and data-driven insights.
Principal Consultant
The lack of charging and maintenance infrastructure for off-highway EVs in remote or construction sites can be a significant barrier.
Batteries' energy density, lifespan, and charging times need to improve for off-highway applications, where longer operation and quick refueling are critical.
Off-highway vehicles require extended ranges, and the efficiency of EVs in these applications may not yet match that of conventional machines.
A range of off-highway applications require highly specialized equipment, and off-the-shelf EV component are not designed to meet these unique needs.
Various operators and maintenance personnel are experienced with ICE vehicles, and transitioning to vehicles with EV components requires retraining and certification.
Despite being eco-friendly, there are concerns about the environmental impact of battery production and disposal.
China is proactively pushing for the uptake of electric vehicles across different industries, including off-highway use. The government is incentivizing and supporting the development and use of off-highway EVs and their component through subsidies and regulations.
China's warehousing and logistics sector is seeing substantial expansion, resulting in a high need for electric forklifts and material handling equipment. This increased demand is fueling the market for electric motors, controllers, and batteries across China. Chinese companies and research institutions are actively involved in researching and advancing off-highway EV components. It includes innovations in electric motor technology, power electronics, and battery management systems. East Asia is set to register a significant CAGR of 15.5% between 2023 and 2033. China is considered a leading country in East Asia in terms of sales and revenue by 2033.
More stringent emissions regulations and an increasing emphasis on carbon footprint reduction are becoming the norm across the United States. This will increase the acceptance of off-highway EVs and their constituent parts in the country. Off-highway equipment manufacturers are progressively shifting towards electric alternatives to meet emissions requirements and minimize environmental harm.
The United States federal and state governments provide a range of incentives and tax credits to incentivize the adoption of electric vehicles, including those designed for off-highway use. These incentives lower the initial expenses associated with EVs and motivate manufacturers to create components for this particular market.
In the United States, the agriculture industry substantially influences the demand for off-highway equipment. Electric tractors and agricultural machinery are becoming increasingly popular due to their cost-efficiency, reduced noise emissions and environmental advantages. The United States remains committed to investing in construction and infrastructure ventures that necessitate efficient and eco-friendly machinery. Off-highway electric vehicles, including excavators, bulldozers, and loaders, are particularly well-suited for these purposes. The market in the United States is expected to expand at a CAGR of 14.6% during the forecast period from 2023 to 2033.
Germany will likely spearhead the Europe off-highway EV component market during the forecast period. Europe is anticipated to register a CAGR of 10.1% from 2023 to 2033.
The off-highway EV component market in Germany is driven by increasing demand for electric vehicles in mining industry. The German government has supported the off-highway EV sector through incentives, grants, and subsidies. This is aimed at reducing emissions and promoting sustainable transportation solutions.
Ongoing advancements in battery technology were critical for the off-highway EV market, as they enable longer operational hours and improved efficiency in heavy machinery. A robust charging infrastructure was essential to support the widespread adoption of off-highway electric vehicles. Investments were being made to expand charging stations in key areas.
Off-highway EV components are often required for customization to meet the specific needs of different industries. This presents opportunities for EV component businesses specializing in tailored solutions. Germany's off-highway EV component market has contributed significantly to the global shift towards electrification in industries beyond passenger cars.
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The table below highlights the global demand for off-highway EV components based on category. The earthmoving segment is likely to lead market during the forecast period. This segment is set to showcase a CAGR of 14.8% between 2023 and 2033.
| Category | Application |
|---|---|
| Sub-category | Earthmoving |
| Value-based CAGR (2023 to 2033) | 14.8% |
Based on application, the earthmoving application is anticipated to expand at a CAGR of 14.8% between 2023 and 2033. This is due to the increasing adoption of EVs in construction sector.
These vehicles are preferred for heavy-duty tasks in challenging terrains, offering numerous advantages over traditional diesel-powered equipment. This class primarily comprises heavy-duty vehicles such as excavators, bulldozers, loaders, and dump trucks. The key benefits of these vehicles, which are increasing in electrification in this particular application, are reduced emissions, low operating costs, silent operation, and vibrations.
Regarding earthmoving applications, technological progress is a crucial driver in the expansion of off-highway electric vehicles used in earthmoving. Electric motors and power electronics have advanced, delivering better performance and enhanced energy management.
Regenerative braking systems have been developed to capture and save energy when the vehicle slows down, further boosting energy efficiency per consumer demand. Telematics and connectivity solutions offer immediate information on vehicle performance. This allows operators and fleet managers to fine-tune operations and enhance maintenance practices.
The table below highlights the global demand for off-highway EV components under component type. Based on component type, the electric drive system segment is set to showcase a significant CAGR of 15.8% from 2023 to 2033. The battery packs drivetrain and transmission component segment follows this.
| Category | Type |
|---|---|
| Sub-category | Electric Drive System Component |
| Value-based CAGR (2023 to 2033) | 15.8% |
In terms of component type, the electric drive system component segment will likely dominate the global market in 2023. The segment is anticipated to propel at a CAGR of 15.8 % during the forecast period.
EV components have scheduled service and replacement cycles. This is expected to increase the demand for their component in the aftermarket, thereby boosting market growth. In the off-highway industry, there is an increasing need for reliable and scheduled maintenance cycles. EV component application in this space involves construction equipment, agricultural vehicles, and mining trucks, which need reliable and scheduled maintenance cycles to ensure continuous operations.
The increasing uptake of electric off-highway vehicles (OHVs) represents an attractive opportunity for suppliers of EV components. This is especially significant in the aftermarket segment, which shows massive potential for growth. With the rising popularity of electric off-highway vehicles, components such as batteries, electric motors, and power electronics play a vital role in ensuring their dependable operation. As these component approach their operational limits or necessitate maintenance, a significant demand arises in the aftermarket segment.
The global off-highway EV component market is anticipated to witness robust investment opportunities over the forecast period. This is owing to increased demand in applications such as earthmoving, transportation, utility vehicles, etc. The commercial and service sectors have increasingly adopted off-highway EV components, including electric forklifts, cranes, and loaders, in the supporting storage facilities for raw materials and warehousing.
Key manufacturers are focusing on developing and improving off-highway EV components. It includes batteries, electric motors, and power electronics to enhance performance, efficiency, and durability. They are forming strategic partnerships with other companies, including technology providers and vehicle manufacturers. This is used to leverage their expertise and resources in developing off-highway EVs.
Recent Developments in the Off-Highway EV Component Market:
| Attribute | Details |
|---|---|
| Estimated Off-highway EV Component Market Size (2023) | US$ 29.2 billion |
| Projection Off-highway EV Component Market Valuation (2033) | US$ 106.2 billion |
| Value-based Off-highway EV Component Market CAGR | 13.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Industry Analysis | US$ million/billion for Value and (Units) for Volume |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Gulf Cooperation Council countries, Türkiye, Northern Africa, South Africa |
| Key Segments Covered | Component type, Propulsion type, Application, Sales Channel and Region. |
| Key Companies Profiled | Caterpillar Inc.; Komatsu Ltd.; Volvo Construction Equipment; John Deere; Hitachi Construction Machinery Co., Ltd.; Liebherr Group; Terex Corporation; Doosan Infracore; Bell Equipment; JCB; Wacker Neuson Group; Bobcat Company; Manitou Group; XCMG Group; SANY Group; Hidromek; Takeuchi Manufacturing; Hyundai Construction Equipment; Kubota Corporation; Sandvik; Atlas Copco |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restrain, Opportunity, and Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global off-highway EV component market was valued at US$ 25.7 billion in 2022.
The off-highway EV component market is estimated to reach a valuation of US$ 29.2 billion in 2023
Sales are anticipated to expand at a CAGR of 13.9% between 2023 and 2033.
The off-highway EV component market is expected to reach US$ 106.2 billion by 2033.
Wacker Neuson Group and Bobcat Company are the leading companies.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Component Type
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Chemical industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Market Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. Global Urbanization Growth Outlook
8.2.5. Business Climate
8.2.6. Covid-19 Impact Assessment
8.2.7. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Component Type, 2018 to 2022
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Component Type, 2023 to 2033
9.3.1. Electric Drive System Components
9.3.2. Battery Packs
9.3.3. Drivetrain and Transmission
9.3.4. On-board Chargers
9.4. Market Attractiveness Analysis By Component Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Propulsion Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Propulsion Type, 2018 to 2022
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Propulsion Type, 2023 to 2033
10.3.1. Pure Electric
10.3.2. Hybrid
10.4. Market Attractiveness Analysis By Propulsion Type
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By Application, 2018 to 2022
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Application, 2023 to 2033
11.3.1. Earthmoving
11.3.2. Transportation
11.3.3. Utility Vehicles
11.3.4. Others
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume Analysis By Sales Channel, 2018 to 2022
12.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Sales Channel, 2023 to 2033
12.3.1. OEM
12.3.2. Aftermarket
12.4. Market Attractiveness Analysis By Sales Channel
13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022
13.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Middle East and Africa (Middle East & Africa)
13.3.5. East Asia
13.3.6. South Asia and Pacific
13.4. Market Attractiveness Analysis By Region
14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. United States
14.4.1.2. Canada
14.4.2. By Component Type
14.4.3. By Propulsion Type
14.4.4. By Application
14.4.5. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Component Type
14.5.3. By Propulsion Type
14.5.4. By Application
14.5.5. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Brazil
15.4.1.2. Mexico
15.4.1.3. Argentina
15.4.1.4. Rest of Latin America
15.4.2. By Component Type
15.4.3. By Propulsion Type
15.4.4. By Application
15.4.5. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Component Type
15.5.3. By Propulsion Type
15.5.4. By Application
15.5.5. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. Germany
16.4.1.2. Italy
16.4.1.3. France
16.4.1.4. United Kingdom
16.4.1.5. Spain
16.4.1.6. BENELUX
16.4.1.7. Russia
16.4.1.8. Rest of Western Europe
16.4.2. By Component Type
16.4.3. By Propulsion Type
16.4.4. By Application
16.4.5. By Sales Channel
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Component Type
16.5.3. By Propulsion Type
16.5.4. By Application
16.5.5. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. India
17.4.1.2. ASEAN
17.4.1.3. Oceania
17.4.1.4. Rest of South Asia & Pacific
17.4.2. By Component Type
17.4.3. By Propulsion Type
17.4.4. By Application
17.4.5. By Sales Channel
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Component Type
17.5.3. By Propulsion Type
17.5.4. By Application
17.5.5. By Sales Channel
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Country
18.4.1.1. China
18.4.1.2. Japan
18.4.1.3. South Korea
18.4.2. By Component Type
18.4.3. By Propulsion Type
18.4.4. By Application
18.4.5. By Sales Channel
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Component Type
18.5.3. By Propulsion Type
18.5.4. By Application
18.5.5. By Sales Channel
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
19.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
19.4.1. By Country
19.4.1.1. GCC Countries
19.4.1.2. Türkiye
19.4.1.3. Northern Africa
19.4.1.4. South Africa
19.4.1.5. Rest of Middle East and Africa
19.4.2. By Component Type
19.4.3. By Propulsion Type
19.4.4. By Application
19.4.5. By Sales Channel
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Component Type
19.5.3. By Propulsion Type
19.5.4. By Application
19.5.5. By Sales Channel
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Country-wise Market Analysis
20.1. Introduction
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. United States Market Analysis
20.2.1. By Component Type
20.2.2. By Propulsion Type
20.2.3. By Application
20.2.4. By Sales Channel
20.3. Canada Market Analysis
20.3.1. By Component Type
20.3.2. By Propulsion Type
20.3.3. By Application
20.3.4. By Sales Channel
20.4. Mexico Market Analysis
20.4.1. By Component Type
20.4.2. By Propulsion Type
20.4.3. By Application
20.4.4. By Sales Channel
20.5. Brazil Market Analysis
20.5.1. By Component Type
20.5.2. By Propulsion Type
20.5.3. By Application
20.5.4. By Sales Channel
20.6. Argentina Market Analysis
20.6.1. By Component Type
20.6.2. By Propulsion Type
20.6.3. By Application
20.6.4. By Sales Channel
20.7. Germany Market Analysis
20.7.1. By Component Type
20.7.2. By Propulsion Type
20.7.3. By Application
20.7.4. By Sales Channel
20.8. Italy Market Analysis
20.8.1. By Component Type
20.8.2. By Propulsion Type
20.8.3. By Application
20.8.4. By Sales Channel
20.9. France Market Analysis
20.9.1. By Component Type
20.9.2. By Propulsion Type
20.9.3. By Application
20.9.4. By Sales Channel
20.10. United Kingdom Market Analysis
20.10.1. By Component Type
20.10.2. By Propulsion Type
20.10.3. By Application
20.10.4. By Sales Channel
20.11. Spain Market Analysis
20.11.1. By Component Type
20.11.2. By Propulsion Type
20.11.3. By Application
20.11.4. By Sales Channel
20.12. Russia Market Analysis
20.12.1. By Component Type
20.12.2. By Propulsion Type
20.12.3. By Application
20.12.4. By Sales Channel
20.13. China Market Analysis
20.13.1. By Component Type
20.13.2. By Propulsion Type
20.13.3. By Application
20.13.4. By Sales Channel
20.14. Japan Market Analysis
20.14.1. By Component Type
20.14.2. By Propulsion Type
20.14.3. By Application
20.14.4. By Sales Channel
20.15. S. Korea Market Analysis
20.15.1. By Component Type
20.15.2. By Propulsion Type
20.15.3. By Application
20.15.4. By Sales Channel
20.16. India Market Analysis
20.16.1. By Component Type
20.16.2. By Propulsion Type
20.16.3. By Application
20.16.4. By Sales Channel
20.17. ASEAN Market Analysis
20.17.1. By Component Type
20.17.2. By Propulsion Type
20.17.3. By Application
20.17.4. By Sales Channel
20.18. Australia and New Zealand Market Analysis
20.18.1. By Component Type
20.18.2. By Propulsion Type
20.18.3. By Application
20.18.4. By Sales Channel
20.19. KSA Market Analysis
20.19.1. By Component Type
20.19.2. By Propulsion Type
20.19.3. By Application
20.19.4. By Sales Channel
20.20. UAE Market Analysis
20.20.1. By Component Type
20.20.2. By Propulsion Type
20.20.3. By Application
20.20.4. By Sales Channel
20.21. Northern Africa Market Analysis
20.21.1. By Component Type
20.21.2. By Propulsion Type
20.21.3. By Application
20.21.4. By Sales Channel
20.22. Turkey Market Analysis
20.22.1. By Component Type
20.22.2. By Propulsion Type
20.22.3. By Application
20.22.4. By Sales Channel
20.23. South Africa Market Analysis
20.23.1. By Component Type
20.23.2. By Propulsion Type
20.23.3. By Application
20.23.4. By Sales Channel
20.24. Israel Market Analysis
20.24.1. By Component Type
20.24.2. By Propulsion Type
20.24.3. By Application
20.24.4. By Sales Channel
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies (Off-Highway EV Components)
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Production Capacity Analysis
21.5. Market Presence Analysis
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. Parker Hannifin
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
22.3.1.4. Sales Footprint
22.3.1.5. Strategy Overview
22.3.2. Siemens Mobility
22.3.2.1. Overview
22.3.2.2. Product Portfolio
22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
22.3.2.4. Sales Footprint
22.3.2.5. Strategy Overview
22.3.3. Eaton
22.3.3.1. Overview
22.3.3.2. Product Portfolio
22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
22.3.3.4. Sales Footprint
22.3.3.5. Strategy Overview
22.3.4. Cummins
22.3.4.1. Overview
22.3.4.2. Product Portfolio
22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
22.3.4.4. Sales Footprint
22.3.4.5. Strategy Overview
22.3.5. Bosch Rexroth
22.3.5.1. Overview
22.3.5.2. Product Portfolio
22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
22.3.5.4. Sales Footprint
22.3.5.5. Strategy Overview
22.3.6. Mitsubishi Electric
22.3.6.1. Overview
22.3.6.2. Product Portfolio
22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
22.3.6.4. Sales Footprint
22.3.6.5. Strategy Overview
22.3.7. Dana Incorporated
22.3.7.1. Overview
22.3.7.2. Product Portfolio
22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
22.3.7.4. Sales Footprint
22.3.7.5. Strategy Overview
22.3.8. Hitachi Construction Machinery
22.3.8.1. Overview
22.3.8.2. Product Portfolio
22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
22.3.8.4. Sales Footprint
22.3.8.5. Strategy Overview
22.3.9. Xerotech
22.3.9.1. Overview
22.3.9.2. Product Portfolio
22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
22.3.9.4. Sales Footprint
22.3.9.5. Strategy Overview
22.3.10. Caterpillar
22.3.10.1. Overview
22.3.10.2. Product Portfolio
22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
22.3.10.4. Sales Footprint
22.3.10.5. Strategy Overview
22.3.11. Komatsu
22.3.11.1. Overview
22.3.11.2. Product Portfolio
22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
22.3.11.4. Sales Footprint
22.3.11.5. Strategy Overview
22.3.12. Hyundai Construction Equipment
22.3.12.1. Overview
22.3.12.2. Product Portfolio
22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
22.3.12.4. Sales Footprint
22.3.12.5. Strategy Overview
22.3.13. Volvo Construction Equipment
22.3.13.1. Overview
22.3.13.2. Product Portfolio
22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
22.3.13.4. Sales Footprint
22.3.13.5. Strategy Overview
22.3.14. Kubota
22.3.14.1. Overview
22.3.14.2. Product Portfolio
22.3.14.3. Profitability by Market Segments (Product/Channel/Region)
22.3.14.4. Sales Footprint
22.3.14.5. Strategy Overview
22.3.15. Wacker Neuson
22.3.15.1. Overview
22.3.15.2. Product Portfolio
22.3.15.3. Profitability by Market Segments (Product/Channel/Region)
22.3.15.4. Sales Footprint
22.3.15.5. Strategy Overview
22.3.16. John Deere
22.3.16.1. Overview
22.3.16.2. Product Portfolio
22.3.16.3. Profitability by Market Segments (Product/Channel/Region)
22.3.16.4. Sales Footprint
22.3.16.5. Strategy Overview
22.3.17. Terex
22.3.17.1. Overview
22.3.17.2. Product Portfolio
22.3.17.3. Profitability by Market Segments (Product/Channel/Region)
22.3.17.4. Sales Footprint
22.3.17.5. Strategy Overview
22.3.18. Liebherr
22.3.18.1. Overview
22.3.18.2. Product Portfolio
22.3.18.3. Profitability by Market Segments (Product/Channel/Region)
22.3.18.4. Sales Footprint
22.3.18.5. Strategy Overview
22.3.19. BOMAG
22.3.19.1. Overview
22.3.19.2. Product Portfolio
22.3.19.3. Profitability by Market Segments (Product/Channel/Region)
22.3.19.4. Sales Footprint
22.3.19.5. Strategy Overview
22.3.20. Allison Transmission
22.3.20.1. Overview
22.3.20.2. Product Portfolio
22.3.20.3. Profitability by Market Segments (Product/Channel/Region)
22.3.20.4. Sales Footprint
22.3.20.5. Strategy Overview
22.3.21. Mecalac
22.3.21.1. Overview
22.3.21.2. Product Portfolio
22.3.21.3. Profitability by Market Segments (Product/Channel/Region)
22.3.21.4. Sales Footprint
22.3.21.5. Strategy Overview
22.3.22. Hyster-Yale Group
22.3.22.1. Overview
22.3.22.2. Product Portfolio
22.3.22.3. Profitability by Market Segments (Product/Channel/Region)
22.3.22.4. Sales Footprint
22.3.22.5. Strategy Overview
22.3.23. Transfluid
22.3.23.1. Overview
22.3.23.2. Product Portfolio
22.3.23.3. Profitability by Market Segments (Product/Channel/Region)
22.3.23.4. Sales Footprint
22.3.23.5. Strategy Overview
22.3.24. Zero Motorcycles
22.3.24.1. Overview
22.3.24.2. Product Portfolio
22.3.24.3. Profitability by Market Segments (Product/Channel/Region)
22.3.24.4. Sales Footprint
22.3.24.5. Strategy Overview
22.3.25. ZF Friedrichshafen
22.3.25.1. Overview
22.3.25.2. Product Portfolio
22.3.25.3. Profitability by Market Segments (Product/Channel/Region)
22.3.25.4. Sales Footprint
22.3.25.5. Strategy Overview
23. Assumptions and Acronyms Used
24. Research Methodology
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Off-highway EV Component Market
