Table of Content

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 Region
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Application
2.2.5 Product
2.2.6 Asia-Pacific (by Country)
2.2.6.1 China
2.2.6.1.1 Application
2.2.6.1.2 Product
2.2.6.2 Japan
2.2.6.2.1 Application
2.2.6.2.2 Product
2.2.6.3 South Korea
2.2.6.3.1 Application
2.2.6.3.2 Product
2.2.6.4 Rest-of-Asia-Pacific
2.2.6.4.1 Application
2.2.6.4.2 Product

3 Markets - Competitive Benchmarking and Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Hitachi Construction Machinery Co., Ltd.
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers/End Users
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2023
3.2.2 Sany Group
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers/End Users
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share, 2023
3.2.3 Komatsu Ltd.
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers/End Users
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share, 2023

4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast

List of Figures
Figure 1: Asia-Pacific Off-Highway Electric Vehicle Market (by Scenario), $Million, 2024, 2027, and 2034
Figure 2: Asia-Pacific Off-Highway Electric Vehicle Market (by Application), $Million, 2023, 2027, and 2034
Figure 3: Asia-Pacific Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023, 2027, and 2034
Figure 4: Asia-Pacific Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023, 2027, and 2034
Figure 5: Key Events
Figure 6: Failure Rate of Batteries, 2011-2023
Figure 7: Number of Mining Fatalities, 2010-2023
Figure 8: Supply Chain and Risks within the Supply Chain
Figure 9: Value Chain of Off-Highway Electric Vehicle Market
Figure 10: Off-Highway Electric Vehicle Market, by Vehicle Type, ($US/Unit), 2023, 2027, and 2034
Figure 11: Patent Analysis (by Country), 2021-December 2024
Figure 12: Patent Analysis (by Company), January 2021-February 2025
Figure 13: End User and Buying Criteria in the Off-Highway Electric Vehicle Market
Figure 14: Impact Analysis of Market Navigating Factors, 2023-2034
Figure 15: Estimated Annual Emission (by Vehicle Type)
Figure 16: Announced Electric Vehicle Battery Manufacturing Capacity by Region and Manufacturing Capacity Needed in The Net Zero Scenario, 2025 and 2030
Figure 17: Mining Energy Intensity, Ventilation, and Cooling (by Energy Type), MJ/Ton
Figure 18: Performance Comparison when Loaded (by Vehicle Type)
Figure 19: Total Cost of Ownership, Net Present Cost ($), 2023
Figure 20: Total Cost of Ownership Savings, Percentage (%)
Figure 21: On-Highway vs. Off-Highway Compound Annual Growth Rate, Percentage, 2024-2034
Figure 22: Share of Battery Electric Vehicles of All Vehicle Sales
Figure 23: China Off-Highway Electric Vehicle Market, $Million, 2023-2034
Figure 24: Japan Off-Highway Electric Vehicle Market, $Million, 2023-2034
Figure 25: South Korea Off-Highway Electric Vehicle Market, $Million, 2023-2034
Figure 26: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market, $Million, 2023-2034
Figure 27: Strategic Initiatives, January 2022-February 2025
Figure 28: Share of Strategic Initiatives, 2023
Figure 29: Data Triangulation
Figure 30: Top-Down and Bottom-Up Approach
Figure 31: Assumptions and Limitations

List of Tables
Table 1: Market Snapshot
Table 2: Opportunities across Region
Table 3: Competitive Landscape Snapshot
Table 4: Future Outlook
Table 5: Regulatory Landscape
Table 6: Country-Wise Targets
Table 7: Electrification Rate (by Vehicle Type), 2023 and 2030
Table 8: Off-Highway Electric Vehicle Market (by Region), $Million, 2023-2034
Table 9: Asia-Pacific Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
Table 10: Asia-Pacific Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
Table 11: Asia-Pacific Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
Table 12: China Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
Table 13: China Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
Table 14: China Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
Table 15: Japan Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
Table 16: Japan Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
Table 17: Japan Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
Table 18: South Korea Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
Table 19: South Korea Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
Table 20: South Korea Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
Table 21: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Application), $Million, 2023-2034
Table 22: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Propulsion Type), $Million, 2023-2034
Table 23: Rest-of-Asia-Pacific Off-Highway Electric Vehicle Market (by Vehicle Type), $Million, 2023-2034
Table 24: Market Share