Market Overview:
Electric motors are devices that convert electrical energy into mechanical energy. Electric motors are used in a wide range of applications, including material handling, aerial work platforms, construction equipment, mining equipment, and agricultural equipment. The global electric motors for off-highway EVs market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market is primarily driven by the increasing demand for electric vehicles across the globe. The global electric motors for off-highway EVs market can be segmented on the basis of type and application. On the basis of type, the market can be divided into high voltage and low voltage electric motors. On the basis of application, the market can be classified into material handling, aerial work platforms, construction equipment,, mining equipment,, agriculture equipment,.
Product Definition:
Electric Motors for Off-Highway EVs are used to power vehicles such as construction equipment, agricultural machinery, and material handling vehicles. Electric Motors for Off-Highway EVs are important because they provide a clean, efficient means of powering these types of vehicles.
High Voltage:
High voltage (HV) is the difference between input and output voltages of an electric motor. The HV rating of a motor indicates its power handling capacity. Motors with higher HV ratings can deliver more power but have a shorter life due to high energy losses in their windings and magnets.
Low Voltage:
Low voltage (LV) electric motors are used in off-highway vehicles such as construction equipment, agricultural machinery, and material handling equipment. The market for low voltage (LV) electric motors is expected to grow at a significant rate owing to the increasing demand for hybrid and all-electric off-highway vehicles.
The growing demand for hybrid.
Application Insights:
The material handling application segment led the global electric motors for off-highway EVs market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand from industrial applications, such as material transport and logistics. Electric motors provide high efficiency, long life, low maintenance cost and reduced emissions when compared with diesel engines in industrial applications.
Construction is one of the major application areas for off-highway electric vehicles where they are used mainly for equipment or construction labor support on building sites or construction machinery on construction sites. Aerial work platforms are also expected to be among the fastest growing segments due to increasing use in forestry operations and other activities involving elevated platforms such as antennae masts or cell towers that require constant monitoring by workers from a distance away from ground level without having physical contact with them.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial output. Rapid urbanization, growing population, and government initiatives for sustainable development are some of the major factors driving regional product demand.
China accounted for a major share in terms of both production as well as consumption owing to heavy investments made by Chinese government in electric motor manufacturing sector since 2010s. China is also one of the largest consumers for off-highway electric motors globally due to high construction activities along with rapid urbanization across various regions including Beijing, Shanghai, Guangzhou, Shenzhen among others which have led to increased product demand across these areas over past few years.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for electric vehicles in the off-highway segment
- Stringent emission norms by regulatory authorities across the globe
- Development of advanced and efficient electric motors for off-highway EVs
- Growing popularity of green technologies worldwide
- Rising disposable income of consumers, especially in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Motors for Off-Highway EVs Market Research Report
By Type
High Voltage, Low Voltage
By Application
Material Handling, Aerial Work Platform, Constructions, Mining, Agriculture
By Companies
Equipmake, Dana, BorgWarner, Integral Powertrain, Bosch Rexroth, ZF, Magelec, Ashwoods (belong to Dana in 2020), SIEMENS
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 Electric Motors for Off-Highway EVs Market Report Segments:
The global Electric Motors for Off-Highway EVs market is segmented on the basis of:
Types
High Voltage, Low Voltage
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
Material Handling, Aerial Work Platform, Constructions, Mining, Agriculture
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:
- Equipmake
- Dana
- BorgWarner
- Integral Powertrain
- Bosch Rexroth
- ZF
- Magelec
- Ashwoods (belong to Dana in 2020)
- SIEMENS
Highlights of The Electric Motors for Off-Highway EVs 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:
- High Voltage
- Low Voltage
- By Application:
- Material Handling
- Aerial Work Platform
- Constructions
- Mining
- Agriculture
- 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 Electric Motors for Off-Highway EVs 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electric motors are used in off-highway electric vehicles to provide power to the vehicle.
Some of the major players in the electric motors for off-highway evs market are Equipmake, Dana, BorgWarner, Integral Powertrain, Bosch Rexroth, ZF, Magelec, Ashwoods (belong to Dana in 2020), SIEMENS.
The electric motors for off-highway evs market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Motors for Off-Highway EVs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Motors for Off-Highway EVs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Motors for Off-Highway EVs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Motors for Off-Highway EVs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Motors for Off-Highway EVs Market Size & Forecast, 2020-2028
4.5.1 Electric Motors for Off-Highway EVs Market Size and Y-o-Y Growth
4.5.2 Electric Motors for Off-Highway EVs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Voltage
5.2.2 Low Voltage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Material Handling
6.2.2 Aerial Work Platform
6.2.3 Constructions
6.2.4 Mining
6.2.5 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Motors for Off-Highway EVs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Motors for Off-Highway EVs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Voltage
9.6.2 Low Voltage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Material Handling
9.10.2 Aerial Work Platform
9.10.3 Constructions
9.10.4 Mining
9.10.5 Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Voltage
10.6.2 Low Voltage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Material Handling
10.10.2 Aerial Work Platform
10.10.3 Constructions
10.10.4 Mining
10.10.5 Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Voltage
11.6.2 Low Voltage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Material Handling
11.10.2 Aerial Work Platform
11.10.3 Constructions
11.10.4 Mining
11.10.5 Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Voltage
12.6.2 Low Voltage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Material Handling
12.10.2 Aerial Work Platform
12.10.3 Constructions
12.10.4 Mining
12.10.5 Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Voltage
13.6.2 Low Voltage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Material Handling
13.10.2 Aerial Work Platform
13.10.3 Constructions
13.10.4 Mining
13.10.5 Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Motors for Off-Highway EVs Market: Competitive Dashboard
14.2 Global Electric Motors for Off-Highway EVs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Equipmake
14.3.2 Dana
14.3.3 BorgWarner
14.3.4 Integral Powertrain
14.3.5 Bosch Rexroth
14.3.6 ZF
14.3.7 Magelec
14.3.8 Ashwoods (belong to Dana in 2020)
14.3.9 SIEMENS
