Market revenue in 2023 | USD 75.6 million |
Market revenue in 2030 | USD 209.4 million |
Growth rate | 15.7% (CAGR from 2023 to 2030) |
Largest segment | Hev |
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.
Hev was the largest segment with a revenue share of 54.89% in 2023. Horizon Databook has segmented the Japan off-highway electric vehicle market based on bev, hev covering the revenue growth of each sub-segment from 2018 to 2030.
The off-highway electric vehicle market in Japan is witnessing significant growth, driven by the country’s focus on technological innovation and environmental consciousness.
Furthermore, the nation's aim to transition all vehicles produced by Japanese automakers to xEVs by 2050 is a pivotal driver of market growth. This ambitious goal aligns with Japan's commitment to achieving world-leading environmental performance and a "Well-to-Wheel Zero Emission" approach.
This strategic vision aims to eliminate emissions across a vehicle's lifecycle, from fuel production to operation.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan off-highway electric vehicle market , including forecasts for subscribers. This country databook contains high-level insights into Japan off-highway electric vehicle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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