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Market Share of Electrically Driven Off-Highway Vehicles (OHVs) will Reach Up to 30% by 2030
04-Nov-2019
Global
Market Research
PA8A-01-00-00-00
AU01909-GL-MR_23728
This study’s aim to benchmark the total market penetration of the potential off-highway electric powertrain market and study the existing machines running on electric and hybrid technology in global markets. OEM and engine Manufacturers are increasingly embracing the future Mega Trend of Zero Emissions by expanding their portfolio of powertrain options. Strengthening of emission regulations and the need for less fuel consumption have led to leading off-highway original equipment manufacturers and suppliers developing a range of hybrid technologies that will enable fuel savings of up to 50% as well as machinery with improved operability.
This study also identifies and analyzes key market trends affecting the growth of the market. It will provide a strategic overview of the market by analyzing key technology trends, market drivers, and restraints, along with a competitor analysis by analyzing competitive factors, competitor market shares, and product portfolios.
Hybrid and electric powertrains in construction equipment are becoming popular due to the significant cost savings that they are expected to have. With reduced fuel consumption, better overall energy efficiency, and reduced machine downtimes, they are expected to be well received in the off-highway equipment industry. This research provides a detailed forecast of market adoption of these alternate powertrains for each type of off-highway equipment used for specific construction applications.
The study also provides a market overview and technology trends impacting select off-highway commercial vehicle markets. An ongoing trend in the market is broadening the range of applications and driving down costs to enable further penetration of technologies. Hybrid and electric powertrains will establish a premium market segment globally and provide opportunities for original equipment manufacturers, suppliers, and service providers.
Research Scope
The study provides market forecasts and trends that are analyzed for the study period of 2016 to 2030, with the base year being 2018.
The geographic scope of the study is global (North America, Europe, Asia, ROW (Rest of World consists of key markets in South America, Africa, the Middle East).
Key Issues Addressed
- What is the existing market structure of hybrid and electric powertrain in off-highway equipment across the globe?
- Which equipment is expected to have high growth in the electrification space of OHV?
- What are the growth drivers, challenges, and opportunities in the global market?
- How does the competitive scenario evolve? What new products are offered, and what are the strategies towards electrification?
- What are the existing machines running on electric and hybrid technology?
Author: Guruguhan Nataraj
Key Findings and Future Outlook
Electrification in OHV—An Overview
Electrification in OHV—An Overview (continued)
OHV Vehicles Hybrid Technology Roadmap
Decline in Battery Prices to Drive Electrification
Product Mapping
Overview of Recent Electrified Off-road Vehicles
State of the Art—Examples
State of the Art—Examples (continued)
State of the Art—Examples (continued)
State of the Art—Examples (continued)
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Methodology
Market Segmentation
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Historical Development of Hybridization and Electrification in Off-Highway Vehicle Industry
Global Business Outlook
Technology Analysis—Technology Roadmap
Explanation of Technology Roadmap
Factors Affecting Construction Equipment Emissions
Factors Affecting Construction Equipment Emissions (continued)
Need for Hybrid Powertrain
Key Hybrid Powertrain Subsystems
Emission Regulation Global Snapshot
Emission Norms Roadmap
Emission Norms
Emission Norms—Euro Standards
Emission Norms—EPA Standards
Emission Norms—EPA Standards (continued)
Emission Norms—Bharat Stage
Emission Norms—Bharat Stage (continued)
Off-Highway Vehicle Hybridization—Market Outlook
Global Overview of the Development in Emission Technology
Global Off-Highway Vehicle Unit Shipment Forecast
Forecasting Assumptions
Off-Highway Vehicle Electrification Trend—Small Tractor (19–56 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Large Tractor (56–160 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Small Excavator (19–56 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Large Excavator (56–160 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Small Loader (19–56 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Large Loader (56–160 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Small Dozer (19–56 kW)
Forecast Discussion
Off-Highway Vehicle Electrification Trend—Large Dozer (56–160 kW)
Forecast Discussion
CATERPILLAR INC.
OEM Profiles—Caterpillar
LIEBHERR AG
TEREX Corporation
Volvo Construction Equipment
OEM Profiles—Volvo
Komatsu Ltd.
Komatsu Ltd. (continued)
Doosan Infracore
Hitachi Construction Machinery
CNH Industrial NV
SANY HEAVY INDUSTRY CO.,LTD
YANMAR CO.,LTD.
Mitsubishi Heavy Equipment
OEM Profiles—Deutz-Heinzmann
OEM Profiles—Mecalac
Products Offered
Products Offered (continued)
Products Offered (continued)
Products Offered (continued)
Collaboration—Global Opportunity
Collaboration—Global Opportunity (continued)
Strategic Imperatives for Success and Growth
Key Conclusion
Key Conclusion (continued)
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Research Scope
The study provides market forecasts and trends that are analyzed for the study period of 2016 to 2030, with the base year being 2018.
The geographic scope of the study is global (North America, Europe, Asia, ROW (Rest of World consists of key markets in South America, Africa, the Middle East).
Key Issues Addressed
- What is the existing market structure of hybrid and electric powertrain in off-highway equipment across the globe?
- Which equipment is expected to have high growth in the electrification space of OHV?
- What are the growth drivers, challenges, and opportunities in the global market?
- How does the competitive scenario evolve? What new products are offered, and what are the strategies towards electrification?
- What are the existing machines running on electric and hybrid technology?
Author: Guruguhan Nataraj
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Saurabh Bhalerao |
| Industries | Automotive |
| WIP Number | PA8A-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9883-A6,9889-A6,9AF6-A6 |