Electric Off-highway Equipment Growth Opportunities

Electric Off-highway Equipment Growth Opportunities

Innovative Business Models, Data Sharing, and Partnerships for Component Standardization Hold Potential

RELEASE DATE
12-Apr-2023
REGION
North America
Research Code: K816-01-00-00-00
SKU: AU02515-NA-MT_27570
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Description

Sustainability targets and the preference for lower equipment operation cost (and availability) ensure benefits across the global off-highway equipment value chain, as they encourage the adoption of alternative powertrains and electrification of equipment models. The various requirements for electrification, which include charging infrastructure, are growing and driving collaborations between OEMs, suppliers, utility companies, and technology. The study intends to benchmark the total market penetration of the off-highway electric equipment. OEMs and technology suppliers are increasingly adapting their powertrain portfolio to suit hybrid/ fully electric equipment or even those specifically designed for net zero. Tightening emission regulations and the need to reduce fuel-related costs have led major OEMs and suppliers to develop a range of technologies that will ultimately enable fuel cost optimization, improve operability, and maximize availability. This analytics covers key sustainability initiatives, emission regulations, technology trends, market drivers and restraints, competitive factors, regional market shares, and product launches. Hybrid and electric powertrains in off-highway equipment are becoming popular because of the significant cost savings that they warrant. Every fleet in the off-highway equipment industry will receive these powertrains well because of the "reduced to null" diesel fuel consumption, better overall energy efficiency, and reduced machine downtimes. This research provides a detailed forecast of market adoption for each type of off-highway equipment type.

Author: Krishna Achuthan

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Off-highway Equipment Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Greenhouse Gas Protocol (GHGP) Overview

US Government Initiatives—DERA Grants Awarded, 2021

US Government Initiatives—DERA Grants Awarded, 2021 (continued)

European Green Deal

Municipal and National Initiatives

Global GDP Growth Expectations

Recessionary/Slowdown Expectations for Major Economies

Global GDP Growth Snapshot

Advanced Economy Predictions for 2023

Emerging Market Economy Predictions for 2023

Chinese Government Initiatives for Electric Off-highway Equipment

The Euro Area—GDP Growth Outlook

Major Projects in Focus to Boost the Indian Economy

Electric Off-Highway Equipment—Powertrain Schematics

Electric Drivetrain Topologies

Electrification—Technology Roadmap

Battery Chemistry

Lithium Battery Technology Roadmap for Current and Evolving Chemistries, 2016–2030

Off-Highway Powertrain Overview by Segment

Electric Product Launches, North America

Electric Product Launches, Europe

Electric Product Launches, China

Electric Product Launches, India, 2022 & 2023

Electric Tractor Development Trends—India

Total Cost of Ownership Methodology and Assumptions

Total Cost of Ownership (TCO) Comparison—Diesel vs. Electric Excavator

TCO Comparison—Loader and Dump Truck

Acquisition Cost Evolution—Diesel vs. Battery electric

Key Findings

Unit Sales Forecast

Unit Sales by Equipment Type

Key Competitors*

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Growth Metrics

Forecast Assumptions and Methodology

Global Unit Sales and EIO Forecast

Global Unit Sales Forecast by Equipment Type

Global EIO Forecast by Type

Global Unit Sales and EIO Forecast by Powertrain

Unit Sales Forecast by Region

EIO Forecast by Region

Forecast Discussion

Electric Powertrain Mapping

Electric Equipment—Competitive Positioning

Electric Equipment—Competitive Positioning (continued)

Electric Equipment—Competitive Positioning (continued)

Growth Opportunity 1—Equipment Standardization

Growth Opportunity 1—Equipment Standardization (continued)

Growth Opportunity 2—Alternative Electricity Generation Methods and Grid Management

Growth Opportunity 2—Alternative Electricity Generation Methods and Grid Management (continued)

Growth Opportunity 3—New Business Models for Equipment-as-a-Service

Growth Opportunity 3—New Business Models for Equipment-as-a-Service (continued)

Hybrid Off-highway Equipment Launches, NA, 2008–2030

Hybrid Off-highway Equipment Launches, NA, 2008–2030 (continued)

Hybrid Off-highway Equipment Launches, NA, 2008–2030 (continued)

Battery-electric Off-highway Equipment Launches, NA, 2016–2030

Battery-electric Off-highway Equipment Launches, NA, 2016–2030 (continued)

Battery-electric Off-highway Equipment Launches, NA, 2016–2030 (continued)

Hybrid Off-highway Equipment Launches, Europe, 2009–2023

Hybrid Off-highway Equipment Launches, Europe, 2009–2023 (continued)

Electric Off-highway Equipment Launches, Europe, 2016–2023

Electric Off-highway Equipment Launches, Europe, 2016–2023 (continued)

Electric Off-highway Equipment Launches, Europe, 2016–2023 (continued)

Electric Off-highway Equipment Launches, Europe, 2016–2023 (continued)

Hybrid Off-highway Equipment Launches, China, 2017–2025

Electric Off-highway Equipment Launches, China, 2019–2022

Electric Off-highway Equipment Launches, China, 2022–2025 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Sustainability targets and the preference for lower equipment operation cost (and availability) ensure benefits across the global off-highway equipment value chain, as they encourage the adoption of alternative powertrains and electrification of equipment models. The various requirements for electrification, which include charging infrastructure, are growing and driving collaborations between OEMs, suppliers, utility companies, and technology. The study intends to benchmark the total market penetration of the off-highway electric equipment. OEMs and technology suppliers are increasingly adapting their powertrain portfolio to suit hybrid/ fully electric equipment or even those specifically designed for net zero. Tightening emission regulations and the need to reduce fuel-related costs have led major OEMs and suppliers to develop a range of technologies that will ultimately enable fuel cost optimization, improve operability, and maximize availability. This analytics covers key sustainability initiatives, emission regulations, technology trends, market drivers and restraints, competitive factors, regional market shares, and product launches. Hybrid and electric powertrains in off-highway equipment are becoming popular because of the significant cost savings that they warrant. Every fleet in the off-highway equipment industry will receive these powertrains well because of the reduced to null diesel fuel consumption, better overall energy efficiency, and reduced machine downtimes. This research provides a detailed forecast of market adoption for each type of off-highway equipment type. Author: Krishna Achuthan
More Information
Author Nithin Velupur
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Electric Off-Highway Equipment
Keyword 2 Global Off-Highway Equipment Market
Keyword 3 Off-Road Equipment Market
Podcast No
WIP Number K816-01-00-00-00