The Europe Off-highway Electric Vehicles Market would witness market growth of 20.6% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe Off-highway Electric Vehicles Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $2,870.6 Million by 2032. The UK market is exhibiting a CAGR of 19.4% during (2025 - 2032). Additionally, The France market would experience a CAGR of 22% during (2025 - 2032).

Electric tractors, harvesters, and autonomous agricultural drones are becoming increasingly common as farmers seek sustainable solutions. These vehicles reduce carbon footprints and offer increased automation and precision in farming operations, improving productivity. Integrating AI and IoT technologies in electric farming equipment enables real-time monitoring, predictive maintenance, and optimized resource usage.
Mining operations rely on large fleets of off-highway vehicles such as haul trucks, loaders, and drilling rigs. Underground mining requires stringent air quality standards, so electric vehicles significantly reduce emissions, improving worker safety. Battery-powered and hybrid mining trucks reduce ventilation costs and enhance energy efficiency, making them a preferred choice for companies aiming for sustainable mining operations.
The market is expanding globally, driven by sustainability initiatives, industrial modernization, and increased mining, agriculture, and construction investments. These industries play a significant role in economic development in Europe and the UK, shaping the demand for electric heavy machinery. In 2020, the mining and quarrying sector in the EU generated €27.1 billion in value-added, with Poland and Germany being the largest contributors. Mining metal ores (17.1% of sectoral turnover) and other mining activities (40.5%) highlight the sector’s significance. Similarly, Europe’s construction sector, which accounted for 5-6% of GVA between 2010 and 2021, remains a strong economic driver. Countries like Finland (7.7%), Romania (7.3%), Austria (7.2%), and Lithuania (7.1%) reported the highest contributions in 2021. Agriculture is crucial to the UK’s economy, contributing 0.5% to GDP in 2021. With farmers and land managers controlling 71% of UK land, mechanization in agriculture is essential for efficiency and sustainability. Therefore, the market in Europe and the UK is growing due to increasing mining, construction, and agricultural activities.
Free Valuable Insights: The Global Off-highway Electric Vehicles Market will Hit USD 32.93 Billion by 2032, at a CAGR of 21.3%
Based on Propulsion, the market is segmented into Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Application, the market is segmented into Agriculture, Mining, and Construction. Based on Battery Type, the market is segmented into Li-ion and Lead-acid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Caterpillar, Inc.
- CNH Industrial N.V.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- Volvo Construction Equipment AB (Volvo Group)
- Deere & Company
- Doosan Corporation
- Sandvik AB
- Epiroc AB
Europe Off-highway Electric Vehicles Market Report Segmentation
By Propulsion
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Application
- Agriculture
- Mining
- Construction
By Battery Type
By Country
- Germany
- UK
- France
- Russia
- Netherlands
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Off-highway Electric Vehicles Market, by Propulsion
1.4.2 Europe Off-highway Electric Vehicles Market, by Application
1.4.3 Europe Off-highway Electric Vehicles Market, by Battery Type
1.4.4 Europe Off-highway Electric Vehicles Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Jun – 2025, Jan) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Off-highway Electric Vehicles Market by Propulsion
5.1 Europe Battery Electric Vehicle (BEV) Market by Country
5.2 Europe Hybrid Electric Vehicle (HEV) Market by Country
Chapter 6. Europe Off-highway Electric Vehicles Market by Application
6.1 Europe Agriculture Market by Country
6.2 Europe Mining Market by Country
6.3 Europe Construction Market by Country
Chapter 7. Europe Off-highway Electric Vehicles Market by Battery Type
7.1 Europe Li-ion Market by Country
7.2 Europe Lead-acid Market by Country
Chapter 8. Europe Off-highway Electric Vehicles Market by Country
8.1 Germany Off-highway Electric Vehicles Market
8.1.1 Germany Off-highway Electric Vehicles Market by Propulsion
8.1.2 Germany Off-highway Electric Vehicles Market by Application
8.1.3 Germany Off-highway Electric Vehicles Market by Battery Type
8.2 UK Off-highway Electric Vehicles Market
8.2.1 UK Off-highway Electric Vehicles Market by Propulsion
8.2.2 UK Off-highway Electric Vehicles Market by Application
8.2.3 UK Off-highway Electric Vehicles Market by Battery Type
8.3 France Off-highway Electric Vehicles Market
8.3.1 France Off-highway Electric Vehicles Market by Propulsion
8.3.2 France Off-highway Electric Vehicles Market by Application
8.3.3 France Off-highway Electric Vehicles Market by Battery Type
8.4 Russia Off-highway Electric Vehicles Market
8.4.1 Russia Off-highway Electric Vehicles Market by Propulsion
8.4.2 Russia Off-highway Electric Vehicles Market by Application
8.4.3 Russia Off-highway Electric Vehicles Market by Battery Type
8.5 Netherlands Off-highway Electric Vehicles Market
8.5.1 Netherlands Off-highway Electric Vehicles Market by Propulsion
8.5.2 Netherlands Off-highway Electric Vehicles Market by Application
8.5.3 Netherlands Off-highway Electric Vehicles Market by Battery Type
8.6 Italy Off-highway Electric Vehicles Market
8.6.1 Italy Off-highway Electric Vehicles Market by Propulsion
8.6.2 Italy Off-highway Electric Vehicles Market by Application
8.6.3 Italy Off-highway Electric Vehicles Market by Battery Type
8.7 Rest of Europe Off-highway Electric Vehicles Market
8.7.1 Rest of Europe Off-highway Electric Vehicles Market by Propulsion
8.7.2 Rest of Europe Off-highway Electric Vehicles Market by Application
8.7.3 Rest of Europe Off-highway Electric Vehicles Market by Battery Type
Chapter 9. Company Profiles
9.1 Caterpillar, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 CNH Industrial N.V
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 J C Bamford Excavators Ltd.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Komatsu Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Volvo Construction Equipment AB (Volvo Group)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 Deere & Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Doosan Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Sandvik AB
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Epiroc AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
TABLE 1 Europe Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 2 Europe Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Off-highway Electric Vehicles Market
TABLE 4 Product Launches And Product Expansions– Off-highway Electric Vehicles Market
TABLE 5 Europe Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 6 Europe Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 7 Europe Battery Electric Vehicle (BEV) Market by Country, 2021 - 2024, USD Million
TABLE 8 Europe Battery Electric Vehicle (BEV) Market by Country, 2025 - 2032, USD Million
TABLE 9 Europe Hybrid Electric Vehicle (HEV) Market by Country, 2021 - 2024, USD Million
TABLE 10 Europe Hybrid Electric Vehicle (HEV) Market by Country, 2025 - 2032, USD Million
TABLE 11 Europe Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 12 Europe Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 13 Europe Agriculture Market by Country, 2021 - 2024, USD Million
TABLE 14 Europe Agriculture Market by Country, 2025 - 2032, USD Million
TABLE 15 Europe Mining Market by Country, 2021 - 2024, USD Million
TABLE 16 Europe Mining Market by Country, 2025 - 2032, USD Million
TABLE 17 Europe Construction Market by Country, 2021 - 2024, USD Million
TABLE 18 Europe Construction Market by Country, 2025 - 2032, USD Million
TABLE 19 Europe Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 20 Europe Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 21 Europe Li-ion Market by Country, 2021 - 2024, USD Million
TABLE 22 Europe Li-ion Market by Country, 2025 - 2032, USD Million
TABLE 23 Europe Lead-acid Market by Country, 2021 - 2024, USD Million
TABLE 24 Europe Lead-acid Market by Country, 2025 - 2032, USD Million
TABLE 25 Europe Off-highway Electric Vehicles Market by Country, 2021 - 2024, USD Million
TABLE 26 Europe Off-highway Electric Vehicles Market by Country, 2025 - 2032, USD Million
TABLE 27 Germany Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 28 Germany Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 29 Germany Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 30 Germany Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 31 Germany Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 32 Germany Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 33 Germany Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 34 Germany Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 35 UK Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 36 UK Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 37 UK Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 38 UK Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 39 UK Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 40 UK Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 41 UK Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 42 UK Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 43 France Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 44 France Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 45 France Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 46 France Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 47 France Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 48 France Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 49 France Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 50 France Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 51 Russia Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 52 Russia Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 53 Russia Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 54 Russia Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 55 Russia Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 56 Russia Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 57 Russia Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 58 Russia Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 59 Netherlands Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 60 Netherlands Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 61 Netherlands Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 62 Netherlands Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 63 Netherlands Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 64 Netherlands Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 65 Netherlands Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 66 Netherlands Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 67 Italy Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 68 Italy Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 69 Italy Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 70 Italy Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 71 Italy Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 72 Italy Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 73 Italy Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 74 Italy Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 75 Rest of Europe Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 76 Rest of Europe Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 77 Rest of Europe Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 78 Rest of Europe Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 79 Rest of Europe Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 80 Rest of Europe Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 81 Rest of Europe Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 82 Rest of Europe Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 83 key information – Caterpillar, Inc.
TABLE 84 Key Information – CNH Industrial N.V.
TABLE 85 Key Information – Hitachi construction machinery co., ltd.
TABLE 86 Key Information – J C Bamford Excavators Ltd.
TABLE 87 Key Information – Komatsu Ltd.
TABLE 88 Key Information – Volvo Construction Equipment AB
TABLE 89 Key Information – Deere & Company
TABLE 90 Key Information – Doosan Corporation
TABLE 91 Key Information – Sandvik AB
TABLE 92 Key Information – Epiroc AB
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Off-highway Electric Vehicles Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting Off-highway Electric Vehicles Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2024
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2021, Jun – 2025, Jan) Leading Players
FIG 8 Porter’s Five Forces Analysis – Off-highway Electric Vehicles Market
FIG 9 Europe Off-highway Electric Vehicles Market share by Propulsion, 2024
FIG 10 Europe Off-highway Electric Vehicles Market share by Propulsion, 2032
FIG 11 Europe Off-highway Electric Vehicles Market by Propulsion, 2021 - 2032, USD Million
FIG 12 Europe Off-highway Electric Vehicles Market share by Application, 2024
FIG 13 Europe Off-highway Electric Vehicles Market share by Application, 2032
FIG 14 Europe Off-highway Electric Vehicles Market by Application, 2021 - 2032, USD Million
FIG 15 Europe Off-highway Electric Vehicles Market share by Battery Type, 2024
FIG 16 Europe Off-highway Electric Vehicles Market share by Battery Type, 2032
FIG 17 Europe Off-highway Electric Vehicles Market by Battery Type, 2021 - 2032, USD Million
FIG 18 Europe Off-highway Electric Vehicles Market share by Country, 2024
FIG 19 Europe Off-highway Electric Vehicles Market share by Country, 2032
FIG 20 Europe Off-highway Electric Vehicles Market by Country, 2021 - 2032, USD Million
FIG 21 Recent strategies and developments: Caterpillar, Inc.
FIG 22 SWOT Analysis: Caterpillar, Inc.
FIG 23 SWOT Analysis: CNH Industrial N.V.
FIG 24 SWOT Analysis: HITACHI CONSTRUCTION MACHINERY CO., LTD
FIG 25 SWOT Analysis: J C Bamford Excavators Ltd.
FIG 26 SWOT Analysis: Komatsu Ltd.
FIG 27 SWOT Analysis: Deere & Company
FIG 28 SWOT Analysis: Doosan Corporation
FIG 29 SWOT Analysis: Sandvik AB
FIG 30 Swot Analysis: Epiroc AB