Global Off-Highway Hybrid Commercial Vehicle Components Market is projected to surpass USD 7 billion by 2030, at a CAGR of over 18% during the forecast period. This market can be categorized into tractor, forklift, harvester. The major driving factors for this market include higher fuel efficiency and lower operating costs as compared to conventional vehicles. In addition, there is also an increasing demand for hybrid commercial vehicle components from agricultural, construction, and mining industries owing to their efficient performance in these applications. However the high initial product cost could hamper the growth of this market. The global hybrid commercial vehicle components market is segmented on basis of type which includes tractor and forklift while application includes agriculture applications like harvesting crops like potatoes or grain handling equipment such as combine harvesters; construction applications such as cranes or excavators; mining application including excavating machines etc, regionally it has been classified into North America (US), Latin America (Brazil), Europe (UK), Asia Pacific (China) and Middle East & Africa (Saudi Arabia). North America accounted for a significant share in the global hybrid commercial vehicle components market owing to its high adoption rates coupled with favorable government support that promotes such technologies in US markets. The key players in the global hybrid commercial vehicle components market are Toyota Motor Company, Cummins Inc, Mitsubishi Hitachi Power Systems America, Inc, Eaton Corporation Plc, Delphi Automotive PLC and Wabco Holdings. The global hybrid commercial vehicle components market is projected to surpass USD 7 billion by 2030, at a CAGR of over 18% during the forecast period. This market can be categorized into tractor, forklift, harvester. However the high initial product cost could hamper the growth of this market.Industry Growth Insights published a new data on “Off-Highway Hybrid Commercial Vehicle Components Market”. The research report is titled “Off-Highway Hybrid Commercial Vehicle Components Market research by Types (Tractor, Forklift, Harvester), By Applications (Agriculture, Construction, Mining), By Players/Companies Caterpillar, Terex, Komatsu, Hitachi Construction Machinery, John Deere, Doosan, Belaz, Volvo, Mecalac, Sumitomo, Hydrema, Bell, Liebherr, Freightliner, NHL, LiuGong, Shougang Heavy Truck, XEMC, Sany Group, Shantui”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-Highway Hybrid Commercial Vehicle Components Market Research Report
By Type
Tractor, Forklift, Harvester
By Application
Agriculture, Construction, Mining
By Companies
Caterpillar, Terex, Komatsu, Hitachi Construction Machinery, John Deere, Doosan, Belaz, Volvo, Mecalac, Sumitomo, Hydrema, Bell, Liebherr, Freightliner, NHL, LiuGong, Shougang Heavy Truck, XEMC, Sany Group, Shantui
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Off-Highway Hybrid Commercial Vehicle Components Market Report Segments:
The global Off-Highway Hybrid Commercial Vehicle Components market is segmented on the basis of:
Types
Tractor, Forklift, Harvester
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Construction, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Terex
- Komatsu
- Hitachi Construction Machinery
- John Deere
- Doosan
- Belaz
- Volvo
- Mecalac
- Sumitomo
- Hydrema
- Bell
- Liebherr
- Freightliner
- NHL
- LiuGong
- Shougang Heavy Truck
- XEMC
- Sany Group
- Shantui
Highlights of The Off-Highway Hybrid Commercial Vehicle Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tractor
- Forklift
- Harvester
- By Application:
- Agriculture
- Construction
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off-Highway Hybrid Commercial Vehicle Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Off-highway hybrid commercial vehicle components are those that help make a commercial vehicle more efficient and environmentally friendly. These components can include things like advanced engines, transmissions, and braking systems.
Some of the key players operating in the off-highway hybrid commercial vehicle components market are Caterpillar, Terex, Komatsu, Hitachi Construction Machinery, John Deere, Doosan, Belaz, Volvo, Mecalac, Sumitomo, Hydrema, Bell, Liebherr, Freightliner, NHL, LiuGong, Shougang Heavy Truck, XEMC, Sany Group, Shantui.
The off-highway hybrid commercial vehicle components market is expected to register a CAGR of 18%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off-Highway Hybrid Commercial Vehicle Components Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Off-Highway Hybrid Commercial Vehicle Components Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Off-Highway Hybrid Commercial Vehicle Components Market - Supply Chain
4.5. Global Off-Highway Hybrid Commercial Vehicle Components Market Forecast
4.5.1. Off-Highway Hybrid Commercial Vehicle Components Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off-Highway Hybrid Commercial Vehicle Components Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off-Highway Hybrid Commercial Vehicle Components Market Absolute $ Opportunity
5. Global Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
5.3.1. Tractor
5.3.2. Forklift
5.3.3. Harvester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Construction
6.3.3. Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Off-Highway Hybrid Commercial Vehicle Components Demand Share Forecast, 2019-2026
9. North America Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Construction
9.4.3. Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
9.7.1. Tractor
9.7.2. Forklift
9.7.3. Harvester
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Off-Highway Hybrid Commercial Vehicle Components Demand Share Forecast, 2019-2026
10. Latin America Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Construction
10.4.3. Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
10.7.1. Tractor
10.7.2. Forklift
10.7.3. Harvester
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Off-Highway Hybrid Commercial Vehicle Components Demand Share Forecast, 2019-2026
11. Europe Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Construction
11.4.3. Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
11.7.1. Tractor
11.7.2. Forklift
11.7.3. Harvester
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Off-Highway Hybrid Commercial Vehicle Components Demand Share, 2019-2026
12. Asia Pacific Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Construction
12.4.3. Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
12.7.1. Tractor
12.7.2. Forklift
12.7.3. Harvester
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Off-Highway Hybrid Commercial Vehicle Components Demand Share, 2019-2026
13. Middle East & Africa Off-Highway Hybrid Commercial Vehicle Components Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Construction
13.4.3. Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Off-Highway Hybrid Commercial Vehicle Components Market Size and Volume Forecast by Type
13.7.1. Tractor
13.7.2. Forklift
13.7.3. Harvester
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Off-Highway Hybrid Commercial Vehicle Components Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Off-Highway Hybrid Commercial Vehicle Components Market: Market Share Analysis
14.2. Off-Highway Hybrid Commercial Vehicle Components Distributors and Customers
14.3. Off-Highway Hybrid Commercial Vehicle Components Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Terex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Komatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi Construction Machinery
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. John Deere
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Doosan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Belaz
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Volvo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mecalac
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sumitomo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hydrema
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bell
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Liebherr
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Freightliner
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. NHL
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. LiuGong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shougang Heavy Truck
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. XEMC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sany Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shantui
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook