The global Electric Motors and Inverters for Off-Highway EVs market size was valued at US$ million in 2023. With growing demand in downstream market, the Electric Motors and Inverters for Off-Highway EVs is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Electric Motors and Inverters for Off-Highway EVs market. Electric Motors and Inverters for Off-Highway EVs are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Electric Motors and Inverters for Off-Highway EVs. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Electric Motors and Inverters for Off-Highway EVs market.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Key Features:
The report on Electric Motors and Inverters for Off-Highway EVs market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Electric Motors and Inverters for Off-Highway EVs market. It may include historical data, market segmentation by Type (e.g., Electric Motors, Inverters), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Electric Motors and Inverters for Off-Highway EVs market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Electric Motors and Inverters for Off-Highway EVs market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Electric Motors and Inverters for Off-Highway EVs industry. This include advancements in Electric Motors and Inverters for Off-Highway EVs technology, Electric Motors and Inverters for Off-Highway EVs new entrants, Electric Motors and Inverters for Off-Highway EVs new investment, and other innovations that are shaping the future of Electric Motors and Inverters for Off-Highway EVs.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electric Motors and Inverters for Off-Highway EVs market. It includes factors influencing customer ' purchasing decisions, preferences for Electric Motors and Inverters for Off-Highway EVs product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electric Motors and Inverters for Off-Highway EVs market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electric Motors and Inverters for Off-Highway EVs market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Electric Motors and Inverters for Off-Highway EVs market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Electric Motors and Inverters for Off-Highway EVs industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Electric Motors and Inverters for Off-Highway EVs market.
Market Segmentation:
Electric Motors and Inverters for Off-Highway EVs market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Electric Motors
Inverters
Segmentation by application
Material Handling
Aerial Work Platform
Constructions
Mining
Agriculture
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Equipmake
Dana
BorgWarner
Integral Powertrain
Bosch Rexroth
ZF
Magelec
Ashwoods (belong to Dana in 2020)
SIEMENS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Motors and Inverters for Off-Highway EVs market?
What factors are driving Electric Motors and Inverters for Off-Highway EVs market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Motors and Inverters for Off-Highway EVs market opportunities vary by end market size?
How does Electric Motors and Inverters for Off-Highway EVs break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Electric Motors and Inverters for Off-Highway EVs Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Electric Motors and Inverters for Off-Highway EVs by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Electric Motors and Inverters for Off-Highway EVs by Country/Region, 2019, 2023 & 2030
2.2 Electric Motors and Inverters for Off-Highway EVs Segment by Type
2.2.1 Electric Motors
2.2.2 Inverters
2.3 Electric Motors and Inverters for Off-Highway EVs Sales by Type
2.3.1 Global Electric Motors and Inverters for Off-Highway EVs Sales Market Share by Type (2019-2024)
2.3.2 Global Electric Motors and Inverters for Off-Highway EVs Revenue and Market Share by Type (2019-2024)
2.3.3 Global Electric Motors and Inverters for Off-Highway EVs Sale Price by Type (2019-2024)
2.4 Electric Motors and Inverters for Off-Highway EVs Segment by Application
2.4.1 Material Handling
2.4.2 Aerial Work Platform
2.4.3 Constructions
2.4.4 Mining
2.4.5 Agriculture
2.5 Electric Motors and Inverters for Off-Highway EVs Sales by Application
2.5.1 Global Electric Motors and Inverters for Off-Highway EVs Sale Market Share by Application (2019-2024)
2.5.2 Global Electric Motors and Inverters for Off-Highway EVs Revenue and Market Share by Application (2019-2024)
2.5.3 Global Electric Motors and Inverters for Off-Highway EVs Sale Price by Application (2019-2024)
3 Global Electric Motors and Inverters for Off-Highway EVs by Company
3.1 Global Electric Motors and Inverters for Off-Highway EVs Breakdown Data by Company
3.1.1 Global Electric Motors and Inverters for Off-Highway EVs Annual Sales by Company (2019-2024)
3.1.2 Global Electric Motors and Inverters for Off-Highway EVs Sales Market Share by Company (2019-2024)
3.2 Global Electric Motors and Inverters for Off-Highway EVs Annual Revenue by Company (2019-2024)
3.2.1 Global Electric Motors and Inverters for Off-Highway EVs Revenue by Company (2019-2024)
3.2.2 Global Electric Motors and Inverters for Off-Highway EVs Revenue Market Share by Company (2019-2024)
3.3 Global Electric Motors and Inverters for Off-Highway EVs Sale Price by Company
3.4 Key Manufacturers Electric Motors and Inverters for Off-Highway EVs Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Electric Motors and Inverters for Off-Highway EVs Product Location Distribution
3.4.2 Players Electric Motors and Inverters for Off-Highway EVs Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Electric Motors and Inverters for Off-Highway EVs by Geographic Region
4.1 World Historic Electric Motors and Inverters for Off-Highway EVs Market Size by Geographic Region (2019-2024)
4.1.1 Global Electric Motors and Inverters for Off-Highway EVs Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Electric Motors and Inverters for Off-Highway EVs Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Electric Motors and Inverters for Off-Highway EVs Market Size by Country/Region (2019-2024)
4.2.1 Global Electric Motors and Inverters for Off-Highway EVs Annual Sales by Country/Region (2019-2024)
4.2.2 Global Electric Motors and Inverters for Off-Highway EVs Annual Revenue by Country/Region (2019-2024)
4.3 Americas Electric Motors and Inverters for Off-Highway EVs Sales Growth
4.4 APAC Electric Motors and Inverters for Off-Highway EVs Sales Growth
4.5 Europe Electric Motors and Inverters for Off-Highway EVs Sales Growth
4.6 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs Sales Growth
5 Americas
5.1 Americas Electric Motors and Inverters for Off-Highway EVs Sales by Country
5.1.1 Americas Electric Motors and Inverters for Off-Highway EVs Sales by Country (2019-2024)
5.1.2 Americas Electric Motors and Inverters for Off-Highway EVs Revenue by Country (2019-2024)
5.2 Americas Electric Motors and Inverters for Off-Highway EVs Sales by Type
5.3 Americas Electric Motors and Inverters for Off-Highway EVs Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Electric Motors and Inverters for Off-Highway EVs Sales by Region
6.1.1 APAC Electric Motors and Inverters for Off-Highway EVs Sales by Region (2019-2024)
6.1.2 APAC Electric Motors and Inverters for Off-Highway EVs Revenue by Region (2019-2024)
6.2 APAC Electric Motors and Inverters for Off-Highway EVs Sales by Type
6.3 APAC Electric Motors and Inverters for Off-Highway EVs Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Electric Motors and Inverters for Off-Highway EVs by Country
7.1.1 Europe Electric Motors and Inverters for Off-Highway EVs Sales by Country (2019-2024)
7.1.2 Europe Electric Motors and Inverters for Off-Highway EVs Revenue by Country (2019-2024)
7.2 Europe Electric Motors and Inverters for Off-Highway EVs Sales by Type
7.3 Europe Electric Motors and Inverters for Off-Highway EVs Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs by Country
8.1.1 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs Sales by Country (2019-2024)
8.1.2 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs Revenue by Country (2019-2024)
8.2 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs Sales by Type
8.3 Middle East & Africa Electric Motors and Inverters for Off-Highway EVs Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Electric Motors and Inverters for Off-Highway EVs
10.3 Manufacturing Process Analysis of Electric Motors and Inverters for Off-Highway EVs
10.4 Industry Chain Structure of Electric Motors and Inverters for Off-Highway EVs
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Electric Motors and Inverters for Off-Highway EVs Distributors
11.3 Electric Motors and Inverters for Off-Highway EVs Customer
12 World Forecast Review for Electric Motors and Inverters for Off-Highway EVs by Geographic Region
12.1 Global Electric Motors and Inverters for Off-Highway EVs Market Size Forecast by Region
12.1.1 Global Electric Motors and Inverters for Off-Highway EVs Forecast by Region (2025-2030)
12.1.2 Global Electric Motors and Inverters for Off-Highway EVs Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Electric Motors and Inverters for Off-Highway EVs Forecast by Type
12.7 Global Electric Motors and Inverters for Off-Highway EVs Forecast by Application
13 Key Players Analysis
13.1 Equipmake
13.1.1 Equipmake Company Information
13.1.2 Equipmake Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.1.3 Equipmake Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Equipmake Main Business Overview
13.1.5 Equipmake Latest Developments
13.2 Dana
13.2.1 Dana Company Information
13.2.2 Dana Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.2.3 Dana Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Dana Main Business Overview
13.2.5 Dana Latest Developments
13.3 BorgWarner
13.3.1 BorgWarner Company Information
13.3.2 BorgWarner Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.3.3 BorgWarner Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 BorgWarner Main Business Overview
13.3.5 BorgWarner Latest Developments
13.4 Integral Powertrain
13.4.1 Integral Powertrain Company Information
13.4.2 Integral Powertrain Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.4.3 Integral Powertrain Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Integral Powertrain Main Business Overview
13.4.5 Integral Powertrain Latest Developments
13.5 Bosch Rexroth
13.5.1 Bosch Rexroth Company Information
13.5.2 Bosch Rexroth Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.5.3 Bosch Rexroth Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Bosch Rexroth Main Business Overview
13.5.5 Bosch Rexroth Latest Developments
13.6 ZF
13.6.1 ZF Company Information
13.6.2 ZF Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.6.3 ZF Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 ZF Main Business Overview
13.6.5 ZF Latest Developments
13.7 Magelec
13.7.1 Magelec Company Information
13.7.2 Magelec Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.7.3 Magelec Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Magelec Main Business Overview
13.7.5 Magelec Latest Developments
13.8 Ashwoods (belong to Dana in 2020)
13.8.1 Ashwoods (belong to Dana in 2020) Company Information
13.8.2 Ashwoods (belong to Dana in 2020) Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.8.3 Ashwoods (belong to Dana in 2020) Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Ashwoods (belong to Dana in 2020) Main Business Overview
13.8.5 Ashwoods (belong to Dana in 2020) Latest Developments
13.9 SIEMENS
13.9.1 SIEMENS Company Information
13.9.2 SIEMENS Electric Motors and Inverters for Off-Highway EVs Product Portfolios and Specifications
13.9.3 SIEMENS Electric Motors and Inverters for Off-Highway EVs Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 SIEMENS Main Business Overview
13.9.5 SIEMENS Latest Developments
14 Research Findings and Conclusion
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*If Applicable.