µ-Highway
O
Electric Vehicle Market to Perceive
Substantial Growth during 2030 December 13, 2021
µ-Highway
O
•
Electric Vehicle Market: Introduction
Off-highway electric vehicles include agriculture tractors, mining trucks, lawn movers, and construction equipment utilized in off-highway applications with electric propulsion
µ-Highway
Key Drivers of Global O
Electric Vehicle
Market
•
Rapid development of infrastructure in developing countries and initiation of redevelopment projects in developed countries are boosting the sales of electric-off highway vehicles. Electric off-highway vehicles are more productive as compared to their IC engine counterparts. They contribute to lesser operational cost due to fewer mechanical parts and hence, are being increasingly preferred by construction contractors.
•
Off-highway vehicles are also preferred in agricultural applications due to an increase in fuel prices and active government measures such as subsidies on electric tractors spurring the adoption of electric tractors, which in turn is driving the off-highway electric vehicle market
•
Rising stringency in emission norms and environmental awareness is anticipated to drive the off-highway electric vehicle market
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=77870
µ-Highway
Challenges of Global O
Market
Electric Vehicle
•
Electric off-highway vehicles are expensive owing to the high price of the electric battery, which is a major challenge to the market. Development of battery technology and decline in price of battery are anticipated to boost the off-highway electric vehicle market.
µ-
Mining segment to hold dominant share of global o
highway electric vehicle market
•
Electric trucks are being increasingly preferred at deep and underground mines, as they do not generate emissions and noise. Rising demand for commodities such as copper, iron, and gold is driving the mining industry prompting mining companies to update their equipment and invest in purchase of more productive electric vehicles.
<50 HP segment held prominent share in 2019
•
Electrification trend is currently popular among the smaller & low HP offhighway vehicles. One or two electric motors are used in pure electric or with hybrid off-highway electric vehicles. The higher HP segments such as 150-300 HP and above 300 HP, currently, hold a relatively minor share; however, they are anticipated to expand at a high growth rate during the forecast period.
µ-
Europe and North America to lead the global o
highway electric vehicle market
•
Europe and North America have enacted stringent emission norms and are taking active measures to reduce emissions. Thus, Europe and North America, together, are expected to hold a dominant share of the off-highway electric vehicle market. The market in Asia Pacific is anticipated to expand at a high growth rate owing to rising usage of electric mining trucks in ANZ and China.
µ-Highway
Key Players Operating in Global O
Vehicle Market
Electric
The global off-highway electric vehicle market has presence of a large number of players. A few of the key players operating in the global off-highway electric vehicle market are:
•
CHN Industrial
•
Deere & Company
•
Kubota Corporation
•
Duetz AG
•
Doosan Corporation
•
Atlas Copco
•
Sumitomo Heavy Industries
•
Sandvik
•
Terex
•
Stihl Holding AG and Co. Kg
•
Liebherr Group
•
Hitachi Construction Machinery
µ-Highway
Electric Vehicle Market: Research
µ-Highway
Electric Vehicle Market, by Power
Global O
Scope
Global O
Output
•
<50 HP
•
50-150 HP
•
150-300 HP
•
>300 HP
µ-Highway
Global O
Electric Vehicle Market, by Battery
Capacity
•
<50 Kwh
•
50-200 Kwh
•
200-500 Kwh
•
>500 Kwh
µ-Highway
Global O
Electric Vehicle Market, by
Propulsion Type
•
•
Battery Electric
Hybrid Electric
µ-Highway
Global O
Electric Vehicle Market, by Battery
Type
•
Lithium Ion
•
Lead-Acid
•
Others
µ-Highway
Global O
Application
•
Mining
•
Construction
•
Agriculture
•
Gardening/ Landscaping
Electric Vehicle Market, by
This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.
The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=77870&ltype=S
All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:
•
Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake missioncritical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
•
Strategic Frameworks: The study offers how organizations are setting both shortterm and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
•
Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the
study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
•
Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.
About Us
TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.
Contact:
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com