Market Overview:
The global special electric vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles in construction, mining, and agriculture applications. Additionally, the growing awareness about environment-friendly transportation is also propelling the growth of this market. However, high initial cost and lack of charging infrastructure are some of the major factors restraining the growth of this market.
Product Definition:
Special Electric Vehicles (Construction, Agriculture and Mining) are electric vehicles that are designed for use in specific industries. Construction, agriculture and mining companies often have unique needs that regular electric vehicles cannot meet, so these special vehicles are specifically designed to meet those needs. Special Electric Vehicles can include construction equipment such as bulldozers and earthmovers, agricultural equipment such as tractors and harvesters, or mining equipment such as haul trucks and drills.
The importance of Special Electric Vehicles lies in their ability to help companies conduct their business more efficiently. By using electric vehicles instead of gas-powered ones, companies can save money on fuel costs while also reducing their environmental impact. Additionally, many special electric vehicles are equipped with features that make them better suited for the specific tasks they perform; for example, construction equipment may be fitted with hydraulic arms or other attachments that allow it to do things a standard vehicle couldn't dream of doing.
Hybrid:
Hybrid Electric Vehicles (HEV) are vehicles that run on more than two sources of power. They can be powered by electricity, petrol or a combination of both. The most common types of hybrid electric vehicles include plug-in hybrid electric vehicles and series hybrid electric vehicle.
Pure-electric:
Pure-electric vehicles (PEVs) are battery powered and do not require any internal combustion engine or fuel. The global pure-electric vehicle market size was valued at USD 7.1 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period, which would make it the fastest growing segment in the automotive industry.
The increasing prices of conventional fuel coupled with rising environmental concerns has led to an increase in demand for PEVs globally.
Application Insights:
The construction segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The segment is projected to account for a share of around 15% by 2030. This can be attributed to increasing demand for electric vehicles in developed economies such as Germany, France and U.K., which are majorly involved in infrastructure development activities across various sectors including transportation, housing and energy.
In addition, factors such as supportive government policies regarding deployment of Electric Vehicles (EVs), along with rising awareness about benefits associated with e-vehicles among consumers are anticipated to drive the demand for these types of vehicles over the forecast period. Furthermore, growing investments from companies operating within EV sector including Tesla Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% of global revenue in 2017 and is anticipated to continue its dominance over the next seven years. This can be attributed to increasing government initiatives, favorable regulations, and rising investments by industry players in China and Japan. For instance, in April 2018, Chinese government announced ‘National New Energy Vehicle Program’ with an aim to increase sales of energy vehicles such as electric cars by around fivefold from 2019 to 2026 compared with those sold in 2018.
Europe was valued at USD X billion in 2017 owing high demand for electric vehicles due low carbon emissions along with stringent emission norms set by governments across European countries including Germany, France among others are expected boost regional growth significantly over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles in construction, agriculture and mining industries due to the advantages of electric vehicles such as low emissions, high efficiency and low noise.
- Government policies and regulations supporting the use of electric vehicles in construction, agriculture and mining industries.
- Development of new technologies that improve the performance of electric vehicles in construction, agriculture and mining industries.
- Growing demand for green transportation solutions in construction, agriculture and mining industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Special Electric Vehicles (Construction, Agriculture and Mining） Market Research Report
By Type
Hybrid, Pure-electric
By Application
Construction, Mining, Agriculture
By Companies
Komatsu, Caterpillar, Hitachi, John Deere, Volvo, Atlas Copco, SUNWARD, Merlo
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Special Electric Vehicles (Construction, Agriculture and Mining） Market Report Segments:
The global Special Electric Vehicles (Construction, Agriculture and Mining） market is segmented on the basis of:
Types
Hybrid, Pure-electric
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
Construction, 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:
- Komatsu
- Caterpillar
- Hitachi
- John Deere
- Volvo
- Atlas Copco
- SUNWARD
- Merlo
Highlights of The Special Electric Vehicles (Construction, Agriculture and Mining） 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:
- Hybrid
- Pure-electric
- By Application:
- Construction
- 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 Special Electric Vehicles (Construction, Agriculture and Mining） 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?
Special electric vehicles are those that are designed for specific purposes such as construction, agriculture and mining.
Some of the key players operating in the special electric vehicles (construction, agriculture and mining） market are Komatsu, Caterpillar, Hitachi, John Deere, Volvo, Atlas Copco, SUNWARD, Merlo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size & Forecast, 2018-2028
4.5.1 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size and Y-o-Y Growth
4.5.2 Special Electric Vehicles (Construction, Agriculture and Mining） Market Absolute $ Opportunity
Chapter 5 Global Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
5.2.1 Hybrid
5.2.2 Pure-electric
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Analysis and Forecast
9.1 Introduction
9.2 North America Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
9.6.1 Hybrid
9.6.2 Pure-electric
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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 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 Special Electric Vehicles (Construction, Agriculture and Mining） Analysis and Forecast
10.1 Introduction
10.2 Europe Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
10.6.1 Hybrid
10.6.2 Pure-electric
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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 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 Special Electric Vehicles (Construction, Agriculture and Mining） Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
11.6.1 Hybrid
11.6.2 Pure-electric
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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 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 Special Electric Vehicles (Construction, Agriculture and Mining） Analysis and Forecast
12.1 Introduction
12.2 Latin America Special Electric Vehicles (Construction, Agriculture and Mining） 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
12.6.1 Hybrid
12.6.2 Pure-electric
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 Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 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) Special Electric Vehicles (Construction, Agriculture and Mining） Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Special Electric Vehicles (Construction, Agriculture and Mining） 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) Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Type
13.6.1 Hybrid
13.6.2 Pure-electric
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) Special Electric Vehicles (Construction, Agriculture and Mining） Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 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 Special Electric Vehicles (Construction, Agriculture and Mining） Market: Competitive Dashboard
14.2 Global Special Electric Vehicles (Construction, Agriculture and Mining） Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Komatsu
14.3.2 Caterpillar
14.3.3 Hitachi
14.3.4 John Deere
14.3.5 Volvo
14.3.6 Atlas Copco
14.3.7 SUNWARD
14.3.8 Merlo
