Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Off-Highway Hybrid Vehicles Market by Type (Lead Acid Battery, Lithium Ion Battery, Other), By Application (Construction Industry, Agriculture, Mining Machinery Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Off-Highway Hybrid Vehicles Market by Type (Lead Acid Battery, Lithium Ion Battery, Other), By Application (Construction Industry, Agriculture, Mining Machinery Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159859 3300 Machinery & Equipment 377 230 Pages 4.9 (48)

Market Overview:

The global off-highway hybrid 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 fuel-efficient and environment-friendly vehicles across the globe. Off-highway hybrid vehicles are powered by two or more power sources such as an internal combustion engine and an electric motor. These vehicles offer better fuel efficiency as compared to traditional diesel or gasoline engines, which is driving their adoption in various industries such as construction, agriculture, mining, and others. The global off-highway hybrid vehicle market can be segmented on the basis of type into lead acid battery, lithium ion battery, and other types. The lead acid battery segment is expected to hold a major share of the global market during the forecast period owing to its low cost and easy availability. However, with advancements in technology, lithium ion batteries are becoming increasingly popular due to their high energy density and longer life span as compared to lead acid batteries.

Global Off-Highway Hybrid Vehicles Industry Outlook

Product Definition:

Off-highway hybrid vehicles are designed to run on a combination of gasoline and electricity. They are important because they can help reduce emissions and save fuel.

Lead Acid Battery:

Lead-acid batteries are widely used in applications where high power is required, such as in traction and marine vehicles. They are also used for starting systems in off-highway hybrid vehicles. Lead acid batteries offer several advantages over other battery types; however, they have certain disadvantages as well.

Lithium Ion Battery:

Lithium-ion (Li-ion) batteries are commonly used in hybrid electric vehicles (HEV), power tools, and other applications. They are also used as an alternative to the conventional lead acid battery for on-highway commercial vehicles. The growing demand for HEVs is expected to drive the lithium ion battery market over the forecast period.

Application Insights:

The construction industry accounted for the largest share of over 30.0% in 2017. The growing construction industry across the globe is anticipated to be a key factor driving the demand for off-highway hybrid vehicles over the forecast period. Agriculture application segment is expected to witness significant growth owing to increasing use of tractors and other farm equipment that uses diesel as a primary power source, followed by gasoline engine as an auxiliary power source.

The mining machinery industry also accounted for significant share in 2017 owing to high demand from China, Australia, Argentina and India among others countries with high mineral wealth such as copper (Chile), silver (Peru), iron ore (Brazil) among others commodities mined globally including gold, platinum group metals and uranium which are used in nuclear reactors globally which further results into increased demand for off-highway hybrid vehicles worldwide particularly in developed regions such as North America.

Regional Analysis:

Asia Pacific is expected to be the fastest growing market for off-highway hybrid vehicles with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing government regulations regarding greenhouse gas emissions and noise pollution. China, India, Japan, South Korea are the major countries in this region that have shown high demand for these vehicles owing to their large construction industry and agriculture machinery markets.

The North America market was valued at USD X million in 2017 and is projected to grow at a significant rate over the forecast period owing to rising demand from U.S., Canada as well as Mexico’s construction industry coupled with increasing adoption of diesel engines by farmers due to favorable government policies such as price supports & income support programs which resulted into increased sales volume of diesel powered off-highway equipment in agricultural applications across North America region during 2014 - 2016 period were responsible for propelling market growth over last few years.

Growth Factors:

  • Increasing demand for fuel-efficient vehicles: The global market for off-highway hybrid vehicles is expected to grow at a CAGR of more than 9% from 2016 to 2020. This can be attributed to the increasing demand for fuel-efficient vehicles across the globe.
  • Stringent emission norms: Stringent emission norms are encouraging OEMs to develop and deploy off-highway hybrid technologies that help reduce emissions from these vehicles. For instance, the US Environmental Protection Agency (EPA) has set stringent Tier 4 Final emission standards for off-highway diesel engines, which will come into effect in January 2017. This is likely to drive the growth of the market for off-highway hybrids in North America during the forecast period.
  • Technological advancements: Off-highway hybrid technology is evolving rapidly with new innovations being introduced regularly by OEMs and suppliers alike. This is helping improve performance and efficiency of these systems, thereby driving their adoption among end users worldwide..

Scope Of The Report

Report Attributes

Report Details

Report Title

Off-Highway Hybrid Vehicles Market Research Report

By Type

Lead Acid Battery, Lithium Ion Battery, Other

By Application

Construction Industry, Agriculture, Mining Machinery Industry, Other

By Companies

Dana, Hitachi, Kobelco, Volvo, Caterpillar, Komatsu, Zoomlion, John Deere, Doosan Infracore, XCMG, Liebherr, Wirtgen Group, SANY, Dynapac, BOMAG

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Off-Highway Hybrid Vehicles Market Report Segments:

The global Off-Highway Hybrid Vehicles market is segmented on the basis of:


Lead Acid Battery, Lithium Ion Battery, Other

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.


Construction Industry, Agriculture, Mining Machinery Industry, Other

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:

  1. Dana
  2. Hitachi
  3. Kobelco
  4. Volvo
  5. Caterpillar
  6. Komatsu
  7. Zoomlion
  8. John Deere
  9. Doosan Infracore
  10. XCMG
  11. Liebherr
  12. Wirtgen Group
  13. SANY
  14. Dynapac
  15. BOMAG

Global Off-Highway Hybrid Vehicles Market Overview

Highlights of The Off-Highway Hybrid Vehicles Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Lead Acid Battery
    2. Lithium Ion Battery
    3. Other
  1. By Application:

    1. Construction Industry
    2. Agriculture
    3. Mining Machinery Industry
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Off-Highway Hybrid Vehicles 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
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  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Global Off-Highway Hybrid Vehicles Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Off-highway hybrid vehicles are a type of hybrid vehicle that use both on- and off-road capabilities. Off-highway hybrids typically have a higher ground clearance than regular hybrids, making them better suited for off-road use.

Some of the major companies in the off-highway hybrid vehicles market are Dana, Hitachi, Kobelco, Volvo, Caterpillar, Komatsu, Zoomlion, John Deere, Doosan Infracore, XCMG, Liebherr, Wirtgen Group, SANY, Dynapac, BOMAG.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market - Supply Chain
   4.5. Global Off-Highway Hybrid Vehicles Market Forecast
      4.5.1. Off-Highway Hybrid Vehicles Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Off-Highway Hybrid Vehicles Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Off-Highway Hybrid Vehicles Market Absolute $ Opportunity

5. Global Off-Highway Hybrid Vehicles 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 Vehicles Market Size and Volume Forecast by Type
      5.3.1. Lead Acid Battery
      5.3.2. Lithium Ion Battery
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Off-Highway Hybrid Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      6.3.1. Construction Industry
      6.3.2. Agriculture
      6.3.3. Mining Machinery Industry
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles 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 Vehicles 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 Vehicles Demand Share Forecast, 2019-2026

9. North America Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      9.4.1. Construction Industry
      9.4.2. Agriculture
      9.4.3. Mining Machinery Industry
      9.4.4. Other
   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 Vehicles Market Size and Volume Forecast by Type
      9.7.1. Lead Acid Battery
      9.7.2. Lithium Ion Battery
      9.7.3. Other
   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 Vehicles Demand Share Forecast, 2019-2026

10. Latin America Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      10.4.1. Construction Industry
      10.4.2. Agriculture
      10.4.3. Mining Machinery Industry
      10.4.4. Other
   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 Vehicles Market Size and Volume Forecast by Type
      10.7.1. Lead Acid Battery
      10.7.2. Lithium Ion Battery
      10.7.3. Other
   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 Vehicles Demand Share Forecast, 2019-2026

11. Europe Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      11.4.1. Construction Industry
      11.4.2. Agriculture
      11.4.3. Mining Machinery Industry
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Off-Highway Hybrid Vehicles Market Size and Volume Forecast by Type
      11.7.1. Lead Acid Battery
      11.7.2. Lithium Ion Battery
      11.7.3. Other
   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 Vehicles Demand Share, 2019-2026

12. Asia Pacific Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      12.4.1. Construction Industry
      12.4.2. Agriculture
      12.4.3. Mining Machinery Industry
      12.4.4. Other
   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 Vehicles Market Size and Volume Forecast by Type
      12.7.1. Lead Acid Battery
      12.7.2. Lithium Ion Battery
      12.7.3. Other
   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 Vehicles Demand Share, 2019-2026

13. Middle East & Africa Off-Highway Hybrid Vehicles 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 Vehicles 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 Vehicles Market Size and Volume Forecast by Application
      13.4.1. Construction Industry
      13.4.2. Agriculture
      13.4.3. Mining Machinery Industry
      13.4.4. Other
   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 Vehicles Market Size and Volume Forecast by Type
      13.7.1. Lead Acid Battery
      13.7.2. Lithium Ion Battery
      13.7.3. Other
   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 Vehicles Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Off-Highway Hybrid Vehicles Market: Market Share Analysis
   14.2. Off-Highway Hybrid Vehicles Distributors and Customers
   14.3. Off-Highway Hybrid Vehicles Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Dana Overview Financials Developments Strategic Outlook
      14.4.2. Hitachi Overview Financials Developments Strategic Outlook
      14.4.3. Kobelco Overview Financials Developments Strategic Outlook
      14.4.4. Volvo Overview Financials Developments Strategic Outlook
      14.4.5. Caterpillar Overview Financials Developments Strategic Outlook
      14.4.6. Komatsu Overview Financials Developments Strategic Outlook
      14.4.7. Zoomlion Overview Financials Developments Strategic Outlook
      14.4.8. John Deere Overview Financials Developments Strategic Outlook
      14.4.9. Doosan Infracore Overview Financials Developments Strategic Outlook
      14.4.10. XCMG Overview Financials Developments Strategic Outlook
      14.4.11. Liebherr Overview Financials Developments Strategic Outlook
      14.4.12. Wirtgen Group Overview Financials Developments Strategic Outlook
      14.4.13. SANY Overview Financials Developments Strategic Outlook
      14.4.14. Dynapac Overview Financials Developments Strategic Outlook
      14.4.15. BOMAG Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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