Market revenue in 2023 | USD 192.5 million |
Market revenue in 2030 | USD 514.9 million |
Growth rate | 15.1% (CAGR from 2023 to 2030) |
Largest segment | Bev |
Fastest growing segment | BEV |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | BEV, HEV |
Key market players worldwide | Caterpillar Inc, Volvo AB ADR, Komatsu Ltd, Deere & Co, Sandvik AB, Hitachi Construction Machinery Co Ltd, Epiroc AB DR, Doosan Fuel Cell Ordinary Shares, CNH Industrial NV, JCB |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to off-highway electric vehicle market will help companies and investors design strategic landscapes.
Bev was the largest segment with a revenue share of 55.06% in 2023. Horizon Databook has segmented the Germany off-highway electric vehicle market based on bev, hev covering the revenue growth of each sub-segment from 2018 to 2030.
Germany, a pivotal player in Europe's automotive sector and a global leader in vehicle exports, holds substantial potential for off-highway Electric Vehicle (EV) development.
The government's strategic initiatives have positioned the country as a hub for e-mobility advancement. Germany encourages EV adoption through significant incentives, including tax exemptions.
Currently, electric vehicles remain exempt from vehicle taxes for the initial decade after registration, with reduced tax rates applied after that. Such supportive policies, aimed at promoting environmental sustainability, foster a conducive environment for off-highway EV market growth in Germany.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany off-highway electric vehicle market , including forecasts for subscribers. This country databook contains high-level insights into Germany off-highway electric vehicle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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