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Electric Motors for Off-Highway EVs Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Equipmake, Dana, Integral Powertrain, Bosch Rexroth

06 Apr, 2022 | 131 Pages
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Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Electric Motors for Off-Highway EVs Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 22.5% during the review period (2022 to 2027).



Electric Motors for Off-Highway EVs Market Overview



The worldwide off-highway electric vehicles market was anticipated to be worth $17,108.6 million in 2022, owing mostly to increased demand for low-noise and emission-free machines. EV adoption is accelerating over the world, and traditional autos are being phased out in an increasing number of countries. China, the European Union, and the United States account for more than 90.5% of worldwide EV sales, but Costa Rica and Colombia have just declared considerably more aggressive EV sales targets. GM, BMW Group, Volkswagen AG, AB Volvo, Nissan, and Audi, among others, have pledged to invest a total of $160 billion in EV production and have announced plans to launch new EV vehicles in the 2020s.



Industry Updates:




  • 2022-Mar-29, ZF Acquires Stake in StradVision to Expand its Automated Driving Perception Software Portfolio-

    Friedrichshafen (Germany), Seoul (South Korea). Safe autonomous vehicles need to reliably detect and identify other road users, road markings or traffic signs, even in harsh weather conditions or poor lighting. High-performance software for recognizing the vehicle environment plays a central role in this.

  • 10 February 2022, Renault, Valeo, and Valeo Siemens eAutomotive signed a MoU for the creation of a new-gen electric motor-

    Renault Group, Valeo, and Valeo Siemens eAutomotive
     announced today that they have signed a memorandum of understanding to form a strategic partnership for the design, co-development, and manufacture in France of a new-generation automotive electric motor, eliminating the use of rare earth materials.

  • November 28, 2017, Siemens Launches First Zero-Emission, Trolley-Style Electric Highway in the US-

    With its zero-emission electric highway demonstration — the first of its kind in the US — Siemens aims to reduce the smog-creating emissions from heavy-duty trucks in southern California, the area’s number one source of air pollution




What are the major Applications, Types and Regions for Electric Motors for Off-Highway EVs Market?



Electric Motors for Off-Highway EVs Market is segmented based on the type, applications, companies and regions.



Market Volume (%) By Type, it is segmented into




  • High Voltage

  • Low Voltage

  • Others



Market Volume (%) By Applications it is segmented into




  • Material Handling

  • Aerial Work Platform

  • Constructions

  • Mining

  • Other



Electric Motors for Off-Highway EVs Market Regional Analysis



In 2021, APAC had the largest revenue share in the market, accounting for over 37% of total sales. Because of the presence of several OEMs, including Sany Heavy Equipment International Holdings Company Limited, Toyota Industries Corporation, Northern Heavy Industries Group Co. Ltd., Komatsu Ltd., and Hitachi Ltd.; low raw material and labour costs; and the Availability of superior facilities, China has become a key manufacturer of construction machinery. Furthermore, due to its position as the world leader in the electrification of on- and off-highway vehicles, as well as the abundance of charging infrastructure and simple availability of aftermarket services, China has the biggest off-highway electric vehicle market share in APAC. The Chinese government's backing for infrastructure projects, together with increased demand for electric trucks in Japan and South Korea, is a key market driver in the area.



All these factors greatly affect the Electric Motors for Off-Highway EVs market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Electric Motors for Off-Highway EVs Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electric Motors for Off-Highway EVs Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Electric Motors for Off-Highway EVs Market report scope?



The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.



 























































Report Attributes



 



Report Details



Forecast Period 2022 to 2027 CAGR (Value and Volume)



CAGR of 22.5% during the review period (2022 to 2027).



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • High Voltage

  • Low Voltage

  • Others



 



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Material Handling

  • Aerial Work Platform

  • Constructions

  • Mining

  • Others



Quantitative units



Revenue in USD million/billion and CAGR from 2022 to 2027



By Companies



Equipmake, Dana, Integral Powertrain, Bosch Rexroth, BorgWarner, Ashwoods (belong to Dana in 2020), ZF, SIEMENS, Magelec



 



Regions Covered



 




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Highlights from this Electric Motors for Off-Highway EVs Report




  • A comprehensive backdrop analysis, which contains an assessment of the parent market

  • Essential changes in market dynamics.

  • Market segmentation up to the second or third level.

  • Historical, current, and projected size of the market from the standpoint of both value and volume.

  • Reporting and evaluation of recent industry developments.

  • Market shares and strategies of major players.

  • Emerging niche segments and regional markets.

  • An objective assessment of the trajectory of the market.

  • Recommendations to companies for strengthening their foothold in the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Electric Motors for Off-Highway EVs Market is studied from 2017 - 2027.



What is the growth rate of Electric Motors for Off-Highway EVs Market?



The Electric Motors for Off-Highway EVs Market is growing at a CAGR of 22.5% over the next 5 years.



Who are the key players in Electric Motors for Off-Highway EVs Market?



Equipmake, Dana, Integral Powertrain, Bosch Rexroth, BorgWarner, Ashwoods (belong to Dana in 2020), ZF, SIEMENS, Mageleci



What region does this Electric Motors for Off-Highway EVs Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Electric Motors for Off-Highway EVs Market?



High Voltage, Low Voltage, Others



What are the major end-use applications of Electric Motors for Off-Highway EVs Market?



Material Handling, Aerial Work Platform, Constructions, Mining, Agriculture, Others.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ELECTRIC MOTORS FOR OFF-HIGHWAY EVS MARKET BY TYPES

    3. GLOBAL ELECTRIC MOTORS FOR OFF-HIGHWAY EVS MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR ELECTRIC MOTORS FOR OFF-HIGHWAY EVS  



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. ELECTRIC MOTORS FOR OFF-HIGHWAY EVS GROWTH

      2. APPLICATION OF ELECTRIC MOTORS FOR OFF-HIGHWAY EVS  



    4. IMPACT OF COVID 19





GLOBAL ELECTRIC MOTORS FOR OFF-HIGHWAY EVS MARKET, BY TYPES




  1. High Voltage

  2. Low Voltage



GLOBAL ELECTRIC MOTORS FOR OFF-HIGHWAY EVS MARKET, BY APPLICATION




  1. Material Handling

  2. Aerial Work Platform

  3. Constructions

  4. Mining

  5. Agriculture



GLOBAL ELECTRIC MOTORS FOR OFF-HIGHWAY EVS MARKET, BY REGION






    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  1. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  2. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

    5. Equipmake

    6. Dana

    7. Integral Powertrain

    8. Bosch Rexroth

    9. BorgWarner

    10. Ashwoods (belong to Dana in 2020)

    11. ZF

    12. SIEMENS

    13. Magelec



SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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