오프 하이웨이 전기자동차 시장 : 세계 및 지역별 분석 : 용도별, 추진 유형별, 차량 유형별, 국가별 - 분석과 예측(2024-2034년)

Off-Highway Electric Vehicle Market Overview

The off-highway electric vehicle market is projected to grow from $5,485.5 million in 2024 to $56,483.7 million by 2034, showing a robust CAGR of 26.26% during the forecast period 2024-2034. This growth is primarily driven by the increasing adoption of electric vehicles across construction, agriculture, and mining industries as businesses seek to reduce emissions and operating costs. Technological advancements, including improvements in battery efficiency, charging infrastructure, and vehicle performance, have been fueling market expansion. Additionally, stricter environmental regulations and a growing emphasis on sustainability by governments and corporations are accelerating the transition to electric-powered off-highway vehicles. As industries continue to prioritize clean energy solutions, the off-highway EV market is expected to play a pivotal role in driving the shift toward sustainable and eco-friendly industrial practices.

Introduction to the Off-Highway Electric Vehicle Market

The off-highway electric vehicle (OHEV) market has been gaining momentum as construction, agriculture, and mining industries increasingly adopt electric-powered machinery, including excavators, loaders, tractors, and mining trucks. Traditionally powered by diesel engines, these vehicles have contributed to high emissions, noise pollution, and substantial maintenance expenses. The shift toward electrification addresses these concerns by reducing greenhouse gas emissions, enhancing energy efficiency, and improving safety on worksites. Advances in battery technology and strong regulatory support are accelerating the adoption of OHEVs, positioning them as a key component of sustainable industrial practices. These vehicles offer long-term cost savings through lower operational and maintenance costs while delivering significant environmental benefits. As industries prioritize sustainability, the off-highway electric vehicle market is set to witness substantial growth, supporting the global transition to cleaner, more efficient industrial operations.

Off-Highway Electric Vehicle Market Introduction

Off-highway electric vehicles (OHEVs) are non-road machinery designed for industrial applications such as construction, agriculture, and mining. These vehicles, including excavators, loaders, tractors, and haul trucks, have traditionally operated with diesel engines. OHEVs, however, utilize electric drivetrains, offering a more sustainable alternative by reducing emissions, lowering fuel consumption, and minimizing noise pollution. The shift to electric power in off-highway vehicles is driven by advancements in battery technologies, increased energy efficiency, and growing environmental regulations. OHEVs not only enhance the operational safety and performance of industrial machinery but also contribute to reducing the carbon footprint of industries that rely heavily on heavy-duty equipment. With the rising demand for greener industrial solutions, off-highway electric vehicles are becoming crucial to sustainable development strategies across various sectors.

Industrial Impact of Off-Highway Electric Vehicle

The off-highway electric vehicle (OHEV) market is significantly impacting industries such as construction, agriculture, and mining by transforming traditional operational practices. The adoption of OHEVs reduces dependence on fossil fuels, leading to a decrease in greenhouse gas emissions and contributing to cleaner, more sustainable industrial operations. These vehicles also lower operational costs through reduced fuel consumption and minimized maintenance requirements, offering long-term financial benefits for businesses. Furthermore, the quiet and efficient performance of electric vehicles enhances workplace safety by reducing noise levels and improving operator comfort. As regulatory pressures on emissions intensify, OHEVs provide a viable solution for companies seeking to comply with environmental standards while improving productivity. The market's growth is fostering innovation in battery technology and charging infrastructure, further strengthening the shift toward cleaner, more efficient industrial practices. The increasing integration of OHEVs is poised to reshape the landscape of heavy-duty machinery and industrial mobility.

Off-Highway Electric Vehicle Market Segmentation

Segmentation 1: by Application

• Construction
• Mining
• Agriculture
• Others

Construction to Lead the Market (by Application)

The construction sector is set to spearhead the global off-highway electric vehicle (OHEV) market, driven by its growing adoption of sustainable and energy-efficient practices. As environmental regulations surrounding construction projects become more stringent, the demand for electric machinery is rapidly increasing. With a strong focus on emission reductions in urban areas and stricter environmental standards, electric construction vehicles present a practical alternative to traditional diesel-powered equipment. Furthermore, the push to lower operational costs, including fuel consumption and maintenance, is accelerating the transition to electric solutions. Electric off-highway vehicles such as excavators, loaders, and dump trucks are being increasingly deployed in urban infrastructure projects and large-scale construction sites, where minimizing noise and air pollution is essential. With their ability to enhance productivity, reduce downtime, and improve operational efficiency, the construction industry is poised to lead the way in adopting and implementing OHEVs, driving the future of sustainable construction practices.

Segmentation 2: by Propulsion Type

• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)

Hybrid Electric Vehicles to Lead the Market (by Propulsion Type)

Hybrid electric vehicles (HEVs) are set to dominate the global off-highway electric vehicle (OHEV) market by propulsion type due to their ability to combine the benefits of both electric and internal combustion engine (ICE) technologies. HEVs offer an ideal balance between fuel efficiency and reduced emissions, making them well-suited for off-highway sectors such as construction, agriculture, and mining, where high power and long operational hours are often required. By utilizing both electric and diesel or gasoline engines, HEVs can operate for extended periods without battery range limitations, a common constraint for fully electric vehicles. Furthermore, they provide a smoother transition toward full electrification, positioning them as the preferred choice for industries with demanding, heavy-duty operations. With enhanced fuel efficiency, lower emissions, and the ability to function in remote or challenging environments, HEVs are set to drive significant growth in the off-highway vehicle market globally.

Segmentation 3: by Vehicle Type

• Excavators
• Trucks
• Loaders
• Others (Tractors, Snow Grooming, etc.)

Excavators to Lead the Market (by Vehicle Type)

Excavators are leading the off-highway electric vehicle (OHEV) market, particularly within the construction industry, as they represent the initial phase of electrification in this field. Their compact size and lower power demands make them well-suited for electric conversion. Mini excavators, valued for their maneuverability and flexibility, are already commonly used on job sites and are increasingly adopting electric technology. Their frequent deployment in off-road applications, where strict emissions and noise regulations are in place, further accelerates their adoption. Notably, companies such as AB Volvo and JCB have introduced electric mini excavators, with models such as Volvo's ECR25 and JCB's 19C-1E gaining traction. Additionally, the rising demand for quieter, cleaner machinery in residential and urban construction has been fueling this shift. Innovations in charging infrastructure, such as Volvo's collaboration with Beam Global for off-grid solutions, are addressing charging challenges and facilitating the wider adoption of electric excavators on job sites globally.

Segmentation 4: by Region

• North America
• Europe
• Asia-Pacific
• Rest-of-the-World

North America Region to Lead the Market (by Region)

North America is at the forefront of the global off-highway electric vehicle (OHEV) market, driven by several key factors. The region benefits from a strong industrial base, with major manufacturers such as Caterpillar, Deere & Company, and CNH Industrial N.V. headquartered in North America, fostering innovation and boosting production capabilities. Additionally, stringent environmental regulations, particularly in the U.S., are accelerating the adoption of electric solutions as the government pushes for zero-emission standards in heavy-duty machinery. The growing demand for sustainable alternatives and the expansion of the construction and agriculture sectors further support this transition. Furthermore, both private investments and government policies are playing a significant role in promoting the electrification of off-highway vehicles. With ongoing advancements in technology and a favorable regulatory environment, North America is well-positioned to maintain its leadership in the global OHEV market.

Recent developments in the off-highway electric vehicle market:

• In August 2024, Fortescue Metals partnered with Liebherr Mining to develop and validate a fully integrated autonomous haulage solution (AHS) at the Christmas Creek mine. This system, which includes a fleet management system, an onboard autonomy kit for the Liebherr T 264 truck, and a high-precision machine guidance system, will coordinate diverse autonomous vehicles. The initiative aims to support Fortescue Metal's goal of zero Scope 1 and 2 emissions by 2030 and will eventually be available globally as part of Liebherr Group's expanding technology portfolio.
• In July 2024, Eleo, a Yanmar company, launched a new range of modular battery packs for off-highway applications. These packs are designed for low-volume, high-diversity vehicles and offer a scalable voltage range (50V to 720V) and up to 90 kW of continuous power, with flexible integration, easy serviceability, and industry-standard protocols.
• In January 2024, Caterpillar partnered with CRH to introduce electric off-highway trucks, contributing to the decarbonization of the construction sector. In December 2022, Nidec announced a $715 million investment to establish an electric motor manufacturing plant in Mexico, strengthening the region's supply chain for electrified vehicles. In early 2022, John Deere expanded its battery production capacity by over 2 GWh through Kreisel Electric, reinforcing the push for electrified off-highway equipment.

Demand - Drivers, Limitations, and Opportunities

Off-Highway Electric Vehicle Market Drivers

The off-highway electric vehicle (OHEV) market is primarily driven by the need for emission and noise reduction, compliance with stringent environmental regulations, and the push for sustainable solutions. The electrification of off-highway equipment significantly lowers greenhouse gas emissions, with battery electric vehicles (BEVs) emitting only 1.36 tons of CO2 equivalent compared to 6.29 tons from gasoline-powered vehicles, offering substantial environmental benefits. This shift is further supported by growing regulatory pressure, such as the U.S. Environmental Protection Agency's initiatives and the European Union's carbon dioxide reduction targets. Additionally, electric off-highway vehicles operate with reduced noise levels, addressing noise pollution concerns in residential and urban construction zones. Governments and industries are increasingly focusing on zero-emission vehicles, incentivizing manufacturers to adopt electrification to meet evolving emission standards and avoid penalties. With these drivers in place, OHEVs are central to sustainable industrial practices.

Off-Highway Electric Vehicle Market Restraints

The off-highway electric vehicle (OHEV) market faces significant restraints, primarily related to energy storage and high initial costs. Current battery technologies often fail to meet the substantial energy demands of off-highway vehicles, leading to limited range and frequent recharging, which impacts productivity. While alternative battery technologies, such as sodium-ion, show potential, they still face challenges such as lower energy density and shorter lifespan. Furthermore, the high upfront costs associated with electric vehicles, particularly expensive batteries and specialized components, present a barrier for many companies, hindering widespread adoption. The economic uncertainty surrounding returns on investment further complicates the transition from traditional diesel machinery. Despite the long-term operational savings, these financial and technical obstacles continue to slow the shift toward electrification in off-highway industries. Overcoming these challenges will require continued innovation, infrastructure development, and strategic economic planning to enable broader adoption.

Off-Highway Electric Vehicle Market Opportunities

The off-highway electric vehicle (OHEV) market presents significant opportunities driven by innovations in mobile charging solutions and renewable energy integration. Mobile charging units, such as the Charge Qube and ZAPI GROUP's SG9, address the challenges of limited fixed charging infrastructure in remote and dynamic environments, enabling on-site charging and reducing downtime. These solutions enhance operational efficiency and broaden the viability of electric vehicles across various industries. Integrating renewable energy sources, such as solar and wind power, with OHEV systems offers a sustainable approach, particularly in off-grid locations. This integration reduces reliance on fossil fuels, lowers operational costs, and supports environmental goals. Furthermore, vehicle-to-grid (V2G) systems offer the potential for energy exchange, enhancing grid stability and providing additional revenue opportunities. With increasing investments in renewable energy infrastructure globally, these opportunities position the OHEV market for significant growth, driving both operational efficiency and sustainability in off-highway sectors.

How can this report add value to an organization?

Product/Innovation Strategy: This report provides a comprehensive product and innovation strategy for the off-highway electric vehicle market, highlighting opportunities for market entry, technological advancements, and sustainable practices. It offers actionable insights that enable organizations to meet carbon reduction goals and capitalize on the increasing demand for off-highway electric vehicles across various sectors.

Growth/Marketing Strategy: This report outlines a robust growth and marketing strategy specifically tailored for the off-highway electric vehicle market. It emphasizes a targeted approach to identifying niche market segments, establishing competitive advantages, and implementing innovative marketing initiatives to optimize market share and financial performance. By leveraging these strategic recommendations, organizations can strengthen their market presence, exploit emerging opportunities, and drive revenue growth effectively.

Competitive Strategy: This report formulates a strong competitive strategy designed for the off-highway electric vehicle market. It assesses key market players, suggests differentiation tactics, and provides guidance for maintaining a competitive edge. By following these strategic directives, companies can effectively position themselves against competitors, ensuring long-term success and profitability in a rapidly evolving market.

Research Methodology

The section exhibits the standard assumptions and limitations followed throughout the research study named off-highway electric vehicle market:

• The scope of this report has been focused on applications and types of products.
• The base currency considered for the market analysis is US$. Currencies other than the US$ has been converted to US$ for all statistical calculations, considering the average conversion rate for that particular year.
• The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
• All the recent developments from January 2021 to March 2025 have been considered in this research study.
• The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
• Where relevant information was not available, proxy indicators and extrapolation were employed.
• Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
• Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Off-Highway Electric Vehicle Market Estimation and Forecast

This research study employs extensive secondary sources, including certified publications, articles from recognized experts, white papers, annual reports from relevant companies, industry directories, and major databases, to gather valuable and actionable information for a comprehensive, technical, and market-oriented analysis of the off-highway electric vehicle market.

The market engineering process encompasses calculating market statistics, estimating market size, forecasting trends, and conducting data triangulation (the methodology for these quantitative data processes is detailed in subsequent sections). Primary research has been conducted to collect information and validate market figures related to segmentation types and industry trends among key players in the off-highway electric vehicles sector.

Off-Highway Electric Vehicle Market Primary Research

The primary sources involve industry experts from the off-highway electric vehicle market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

• validation and triangulation of all the numbers and graphs
• validation of reports segmentation and key qualitative findings
• understanding the competitive landscape
• validation of the numbers of various markets for market type
• percentage split of individual markets for geographical analysis

Off-Highway Electric Vehicle Market Secondary Research

This off-highway electric vehicle market research involves extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as ITU, Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market.

Secondary research was done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

• segmentations and percentage shares
• data for market value
• key industry trends of the top players in the market
• qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• quantitative data for mathematical and statistical calculations

Key Off-Highway Electric Vehicle Market Players and Competition Synopsis

The companies that are profiled in the off-highway electric vehicle market have been selected based on input gathered from primary experts and analyzing company coverage, project portfolio, and market penetration.

Some of the prominent names in this market are:

• AB Volvo
• PristenBully (Kassbohrer Gelandefahrzeug AG )
• Hitachi Construction Machinery Co., Ltd.
• Caterpillar
• CNH Industrial N.V.
• Epiroc AB
• Deere & Company
• J C Bamford Excavators Ltd.
• Sany Group
• Sandvik AB
• Komatsu Ltd.
• Liebherr Group
• Prinoth AG (HTI Group)
• CM DUPON - ICECAT
• xelom

Companies not part of the pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

• 1.1 Trends: Current and Future Impact Assessment
  • 1.1.1 Trends Overview
  • 1.1.2 Technology Development in Off-Highway Electric Vehicles
  • 1.1.3 Integration of Autonomy in Mining Vehicles
• 1.2 Supply Chain Overview
  • 1.2.1 Value Chain Analysis
  • 1.2.2 Market Map
    • 1.2.2.1 Excavators
    • 1.2.2.2 Trucks
    • 1.2.2.3 Loaders
    • 1.2.2.4 Others
  • 1.2.3 Pricing Forecast
• 1.3 R&D Review
  • 1.3.1 Patent Filing Trend (by Country and Company)
  • 1.3.2 Regulatory Landscape
• 1.4 Stakeholder Analysis
  • 1.4.1 Use Case
  • 1.4.2 End-User Buying Criteria
• 1.5 Market Dynamics Overview
  • 1.5.1 Market Drivers
    • 1.5.1.1 Increased Focus toward Emission and Noise Reduction
    • 1.5.1.2 Compliance with Emission Regulations
  • 1.5.2 Market Restraints
    • 1.5.2.1 Energy Storage and Range Limitations
    • 1.5.2.2 High Initial Costs and Economic Viability
  • 1.5.3 Market Opportunities
    • 1.5.3.1 Mobile Charging Solutions to Support OHEV Adoption
    • 1.5.3.2 Renewable Energy Integration with OHEV Systems
• 1.6 Comprehensive Analysis of Diesel vs. Electric Off-Highway Vehicles
• 1.7 Future Trends in the Electrification of Off-Highway Vehicle Market, 2023-2030
• 1.8 The Emerging Parallels Between On-Highway and Off-Highway Electrification

2 Application

• 2.1 Application Segmentation
• 2.2 Application Summary
• 2.3 Off-Highway Electric Vehicles Market (by Application)
  • 2.3.1 Construction
  • 2.3.2 Mining
  • 2.3.3 Agriculture
  • 2.3.4 Others
• 2.4 Off-Highway Electric Vehicles Market (by Propulsion Type)
  • 2.4.1 Battery Electric Vehicles (BEVs)
  • 2.4.2 Hybrid Electric Vehicles (HEVs)
• 2.5 Electric Snow Grooming Vehicle Market (by Application)
  • 2.5.1 Ski and Snowboard Parks
  • 2.5.2 Cross-Country Ski Trails
  • 2.5.3 Others (Alpine Ski Rope and Snowmobile Trails)

3 Products

• 3.1 Product Segmentation
• 3.2 Product Summary
• 3.3 Off-Highway Electric Vehicle Market (by Vehicle Type)
  • 3.3.1 Excavators
  • 3.3.2 Trucks
  • 3.3.3 Loaders
  • 3.3.4 Others (Tractors, Snow Grooming Vehicles, etc.)
• 3.4 Electric Snow Grooming Vehicle Market (by Power Output)
  • 3.4.1 Up to 200kW
  • 3.4.2 Above 200kW

4 Region

• 4.1 Regional Summary
• 4.2 North America
  • 4.2.1 Regional Overview
  • 4.2.2 Driving Factors for Market Growth
  • 4.2.3 Factors Challenging the Market
  • 4.2.4 Application
  • 4.2.5 Product
  • 4.2.6 North America (by Country)
    • 4.2.6.1 U.S.
      • 4.2.6.1.1 Application
      • 4.2.6.1.2 Product
    • 4.2.6.2 Canada
      • 4.2.6.2.1 Application
      • 4.2.6.2.2 Product
    • 4.2.6.3 Mexico
      • 4.2.6.3.1 Application
      • 4.2.6.3.2 Product
• 4.3 Europe
  • 4.3.1 Regional Overview
  • 4.3.2 Driving Factors for Market Growth
  • 4.3.3 Factors Challenging the Market
  • 4.3.4 Application
  • 4.3.5 Product
  • 4.3.6 Europe (by Country)
    • 4.3.6.1 France
      • 4.3.6.1.1 Application
      • 4.3.6.1.2 Product
    • 4.3.6.2 Germany
      • 4.3.6.2.1 Application
      • 4.3.6.2.2 Product
    • 4.3.6.3 U.K.
      • 4.3.6.3.1 Application
      • 4.3.6.3.2 Product
    • 4.3.6.4 Spain
      • 4.3.6.4.1 Application
      • 4.3.6.4.2 Product
    • 4.3.6.5 Italy
      • 4.3.6.5.1 Application
      • 4.3.6.5.2 Product
    • 4.3.6.6 Rest-of-Europe
      • 4.3.6.6.1 Application
      • 4.3.6.6.2 Product
• 4.4 Asia-Pacific
  • 4.4.1 Regional Overview
  • 4.4.2 Driving Factors for Market Growth
  • 4.4.3 Factors Challenging the Market
  • 4.4.4 Application
  • 4.4.5 Product
  • 4.4.6 Asia-Pacific (by Country)
    • 4.4.6.1 China
      • 4.4.6.1.1 Application
      • 4.4.6.1.2 Product
    • 4.4.6.2 Japan
      • 4.4.6.2.1 Application
      • 4.4.6.2.2 Product
    • 4.4.6.3 South Korea
      • 4.4.6.3.1 Application
      • 4.4.6.3.2 Product
    • 4.4.6.4 Rest-of-Asia-Pacific
      • 4.4.6.4.1 Application
      • 4.4.6.4.2 Product
• 4.5 Rest-of-the-World
  • 4.5.1 Regional Overview
  • 4.5.2 Driving Factors for Market Growth
  • 4.5.3 Factors Challenging the Market
  • 4.5.4 Application
  • 4.5.5 Product
  • 4.5.6 Rest-of-the-World (by Region)
    • 4.5.6.1 South America
      • 4.5.6.1.1 Application
      • 4.5.6.1.2 Product
    • 4.5.6.2 Middle East and Africa
      • 4.5.6.2.1 Application
      • 4.5.6.2.2 Product

5 Markets - Competitive Benchmarking and Company Profiles

• 5.1 Next Frontiers
• 5.2 Geographic Assessment
  • 5.2.1 AB Volvo
    • 5.2.1.1 Overview
    • 5.2.1.2 Top Products/Product Portfolio
    • 5.2.1.3 Top Competitors
    • 5.2.1.4 Target Customers/End Users
    • 5.2.1.5 Key Personnel
    • 5.2.1.6 Analyst View
    • 5.2.1.7 Market Share, 2023
  • 5.2.2 PristenBully (Kassbohrer Gelandefahrzeug AG)
    • 5.2.2.1 Overview
    • 5.2.2.2 Top Products/Product Portfolio
    • 5.2.2.3 Top Competitors
    • 5.2.2.4 Target Customers/End Users
    • 5.2.2.5 Key Personnel
    • 5.2.2.6 Analyst View
    • 5.2.2.7 Market Share, 2023
  • 5.2.3 Hitachi Construction Machinery Co., Ltd.
    • 5.2.3.1 Overview
    • 5.2.3.2 Top Products/Product Portfolio
    • 5.2.3.3 Top Competitors
    • 5.2.3.4 Target Customers/End Users
    • 5.2.3.5 Key Personnel
    • 5.2.3.6 Analyst View
    • 5.2.3.7 Market Share, 2023
  • 5.2.4 Caterpillar
    • 5.2.4.1 Overview
    • 5.2.4.2 Top Products/Product Portfolio
    • 5.2.4.3 Top Competitors
    • 5.2.4.4 Target Customers/End Users
    • 5.2.4.5 Key Personnel
    • 5.2.4.6 Analyst View
    • 5.2.4.7 Market Share, 2023
  • 5.2.5 CNH Industrial N.V.
    • 5.2.5.1 Overview
    • 5.2.5.2 Top Products/Product Portfolio
    • 5.2.5.3 Top Competitors
    • 5.2.5.4 Target Customers/End Users
    • 5.2.5.5 Key Personnel
    • 5.2.5.6 Analyst View
    • 5.2.5.7 Market Share, 2023
  • 5.2.6 Epiroc AB
    • 5.2.6.1 Overview
    • 5.2.6.2 Top Products/Product Portfolio
    • 5.2.6.3 Top Competitors
    • 5.2.6.4 Target Customers/End Users
    • 5.2.6.5 Key Personnel
    • 5.2.6.6 Analyst View
    • 5.2.6.7 Market Share, 2023
  • 5.2.7 Deere & Company
    • 5.2.7.1 Overview
    • 5.2.7.2 Top Products/Product Portfolio
    • 5.2.7.3 Top Competitors
    • 5.2.7.4 Target Customers/End Users
    • 5.2.7.5 Key Personnel
    • 5.2.7.6 Analyst View
    • 5.2.7.7 Market Share, 2023
  • 5.2.8 J C Bamford Excavators Ltd.
    • 5.2.8.1 Overview
    • 5.2.8.2 Top Products/Product Portfolio
    • 5.2.8.3 Top Competitors
    • 5.2.8.4 Target Customers/End Users
    • 5.2.8.5 Key Personnel
    • 5.2.8.6 Analyst View
    • 5.2.8.7 Market Share, 2023
  • 5.2.9 Sany Group
    • 5.2.9.1 Overview
    • 5.2.9.2 Top Products/Product Portfolio
    • 5.2.9.3 Top Competitors
    • 5.2.9.4 Target Customers/End Users
    • 5.2.9.5 Key Personnel
    • 5.2.9.6 Analyst View
    • 5.2.9.7 Market Share, 2023
  • 5.2.10 Sandvik AB
    • 5.2.10.1 Overview
    • 5.2.10.2 Top Products/Product Portfolio
    • 5.2.10.3 Top Competitors
    • 5.2.10.4 Target Customers/End Users
    • 5.2.10.5 Key Personnel
    • 5.2.10.6 Analyst View
    • 5.2.10.7 Market Share, 2023
  • 5.2.11 Komatsu Ltd.
    • 5.2.11.1 Overview
    • 5.2.11.2 Top Products/Product Portfolio
    • 5.2.11.3 Top Competitors
    • 5.2.11.4 Target Customers/End Users
    • 5.2.11.5 Key Personnel
    • 5.2.11.6 Analyst View
    • 5.2.11.7 Market Share, 2023
  • 5.2.12 Liebherr Group
    • 5.2.12.1 Overview
    • 5.2.12.2 Top Products/Product Portfolio
    • 5.2.12.3 Top Competitors
    • 5.2.12.4 Target Customers/End Users
    • 5.2.12.5 Key Personnel
    • 5.2.12.6 Analyst View
    • 5.2.12.7 Market Share, 2023
  • 5.2.13 Prinoth AG (HTI Group)
    • 5.2.13.1 Overview
    • 5.2.13.2 Top Products/Product Portfolio
    • 5.2.13.3 Top Competitors
    • 5.2.13.4 Target Customers/End Users
    • 5.2.13.5 Key Personnel
    • 5.2.13.6 Analyst View
    • 5.2.13.7 Market Share, 2023
  • 5.2.14 CM DUPON - ICECAT
    • 5.2.14.1 Overview
    • 5.2.14.2 Top Products/Product Portfolio
    • 5.2.14.3 Top Competitors
    • 5.2.14.4 Target Customers/End Users
    • 5.2.14.5 Key Personnel
    • 5.2.14.6 Analyst View
    • 5.2.14.7 Market Share, 2023
  • 5.2.15 xelom
    • 5.2.15.1 Overview
    • 5.2.15.2 Top Products/Product Portfolio
    • 5.2.15.3 Top Competitors
    • 5.2.15.4 Target Customers/End Users
    • 5.2.15.5 Key Personnel
    • 5.2.15.6 Analyst View
    • 5.2.15.7 Market Share, 2023

6 Research Methodology

• 6.1 Data Sources
  • 6.1.1 Primary Data Sources
  • 6.1.2 Secondary Data Sources
  • 6.1.3 Data Triangulation
• 6.2 Market Estimation and Forecast