[ad_1]
Custom Market Insights
Off-highway Electric Vehicle Market Size, Share – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030
SANDY, UTAH, UNITED STATES, July 28, 2022 /EINPresswire.com/ — According to Custom Market Insights, The off-highway electric vehicle market size was estimated at USD 4.3 billion in 2021 and is anticipated to grow to approximately USD 42.4 billion by 2030, witnessing a CAGR growth of roughly 30% between 2022 and 2030. The report examines the off-highway electric vehicle market’s driving and restraining factors, along with the impact analysis throughout the projection period. Further, the report observes global opportunities prevailing in the off-highway electric vehicle market worldwide.
Off-highway Electric Vehicle Market: Overview
Off-highway electric vehicles are witnessing high adoption across various industries globally. The stringent government regulations for reducing carbon emissions and various rebates and tax benefits offered for the deployment of-highway electric vehicles are boosting the market’s growth. The rise in investment by the government in public infrastructure is also boosting the market growth.
Download Sample Report (Get Full Insights in PDF – 220 Pages) @ https://www.custommarketinsights.com/report/off-highway-electric-vehicle-market/
Browse the full “Off-highway Electric Vehicle Market Size, Share, Growth Analysis Report By Application (Construction, Agriculture, Mining, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030 “ report.
Growth Factors
The rising trend for electrification of equipment in the mining sector with an aim to enable future automation utilizing connected fleet as well as remote vehicle operations is boosting the demand for off-highway electric vehicles. Cost implications are another critical aspect propelling the deployment of these vehicles. For instance, in underground mining, the cost of ventilation systems can be reduced by approximately 30%-50% by using battery-powered machines.
Recent Development
January 2022: Volvo Group introduced an improved version of its electric truck, Volvo VNR ELECTRIC, in North America.
December 2021: XCMG launched XCT25_ EV, the company’s first plug-in double-drive hybrid crane.
March 2021: Hyundai Doosan Infracore Co. Ltd. unveiled a 100-ton excavator model.
For Customisation Enquiry @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11014
Some of the prominent players
Caterpillar
Deere & Company
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
Volvo Construction Equipment AB
The global off-highway electric vehicle market is segmented as follows:
By Application
Construction
Agriculture
Mining
Others
If you have any special requirements, please let us know @ https://www.custommarketinsights.com/report/off-highway-electric-vehicle-market/
By Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of AsiaPacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Directly Purchase a copy of the report @ https://www.custommarketinsights.com/report/off-highway-electric-vehicle-market/
Our Other Market Research Source: https://marketresearchtrade.com/
About us
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Joel John
Custom Market Insights
+1 801-639-9061
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
[ad_2]
Source link
The content is by EIN Presswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
