Off-highway Hybrid Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Off-highway Hybrid Vehicles Market is segmented by Machinery type (Excavators, Crawlers, Cranes, Loaders, and Other Machinery), Application type (Construction, Agriculture, and Mining), and Geography.

Off-highway Hybrid Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Off-highway Hybrid Vehicles Market Size

Off-Highway Hybrid Vehicles Market_Overview
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 27.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Off Highway Hybrid Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Off Highway Hybrid Vehicles Market with other markets in Automotive Industry

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Automotive Technology

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Automotive Equipment

Off-highway Hybrid Vehicles Market Analysis

The Off Highway Hybrid Vehicles Market is expected to register a CAGR of 27% during the forecast period.

  • Some of the major factors driving the growth of the market are growing environmental concerns (owing to rising exhaust emissions), enactment of stringent emissions and fuel economy norms and increasing government initiatives in terms of subsidies and tax exemptions for increasing the adoption rate of electric and hybrid vehicles. Such factors are expected to propel the market.
  • The overall situation of the construction machineries and vehicles market has shown signs of development, owing to the growth in the number of mega construction projects in Europe and the Asia-Pacific region. The Belt and Road initiative led by China, which involves the construction of ports, roads, railways, airports and energy projects is expected to significantly drive the demand for hybrid construction vehicles and machineries owing to the fact that China is rapidly adopting electric and hybrid vehicles.
  • Agricultural activities are one of the principal contributors to greenhouse emissions and thus OEMs are now focusing on manufacturing cleaner and efficient agricultural vehicles that meets the established norms and standards of pollution. This is a major driver of market growth along with increased farm mechanization on a global level.

Off-highway Hybrid Vehicles Industry Overview

The Off-Highway Hybrid Vehicles Market is a consolidated one with players such as Komatsu, Caterpillar, John Deere, etc. dominating the market. To address the need of low maintenance and clean energy equipment and vehicles, many global OEMs are using innovative technologies such as IoT in their products.

  • Proxecto plans to launch its Hybrid Agri Vehicle (HAV) in 2020 to give a boost to Indian Agriculture sector. HAV is supported with smart maneuverability, minimum human intervention, electronic controls and other features.
  • In May 2019, Volvo introduced new Hybrid excavator EC300E which cuts down the CO2 emissions by 17%. Volvo’s ECO mode option reduces the fuel consumption by excavator without compromising with the power required for operation

Off-highway Hybrid Vehicles Market Leaders

  1. Volvo

  2. Kobelco

  3. Hitachi Construction Machinery

  4. Komatsu

  5. Caterpillar

  6. *Disclaimer: Major Players sorted in no particular order
Market Con Off-highway
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Off-highway Hybrid Vehicles Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Machinery
    • 5.1.1 Excavators
    • 5.1.2 Crawlers
    • 5.1.3 Cranes
    • 5.1.4 Loaders
    • 5.1.5 Other Machinery
  • 5.2 Application
    • 5.2.1 Construction
    • 5.2.2 Agriculture
    • 5.2.3 Mining
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Volvo
    • 6.2.2 John Deere
    • 6.2.3 Solectrac
    • 6.2.4 Caterpillar
    • 6.2.5 Kobelco
    • 6.2.6 Komatsu
    • 6.2.7 Hitachi Construction Machinery
    • 6.2.8 Liebherr
    • 6.2.9 JCB
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Off-highway Hybrid Vehicles Industry Segmentation

The study covers the latest trends and technological development in Off-Highway hybrid vehicles, demand of the machinery, application, geography and market share of major Off-Highway hybrid vehicles developers across the world.

Machinery Excavators
Crawlers
Cranes
Loaders
Other Machinery
Application Construction
Agriculture
Mining
Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa
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Off-highway Hybrid Vehicles Market Research FAQs

What is the current Off Highway Hybrid Vehicles Market size?

The Off Highway Hybrid Vehicles Market is projected to register a CAGR of 27% during the forecast period (2025-2030)

Who are the key players in Off Highway Hybrid Vehicles Market?

Volvo, Kobelco, Hitachi Construction Machinery, Komatsu and Caterpillar are the major companies operating in the Off Highway Hybrid Vehicles Market.

Which is the fastest growing region in Off Highway Hybrid Vehicles Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Off Highway Hybrid Vehicles Market?

In 2025, the Europe accounts for the largest market share in Off Highway Hybrid Vehicles Market.

What years does this Off Highway Hybrid Vehicles Market cover?

The report covers the Off Highway Hybrid Vehicles Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Off Highway Hybrid Vehicles Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Off-highway Hybrid Vehicles Industry Report

Statistics for the 2025 Off Highway Hybrid Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Off Highway Hybrid Vehicles analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.