The Latin America, Middle East and Africa Off-highway Electric Vehicles Market would witness market growth of 22.4% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA 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 $905.5 Million by 2032. The Argentina market is showcasing a CAGR of 23.1% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 21.3% during (2025 - 2032).
The expansion of charging infrastructure, including fast-charging stations and mobile charging units, facilitates the adoption of electric off-highway vehicles. Companies invest in on-site renewable energy sources such as solar and wind power to create self-sustaining charging ecosystems for their fleets.
The transition to electric off-highway vehicles presents multiple benefits, not just from an environmental perspective but also in terms of operational efficiency and long-term cost-effectiveness. Off-highway electric vehicles significantly reduce greenhouse gas emissions, making them crucial in achieving climate goals.
The market is experiencing steady growth, driven by global efforts to transition towards sustainable and energy-efficient solutions in the construction, mining, and oil and gas industries. The UAE, particularly Abu Dhabi, plays a pivotal role in the global oil sector, with 96% of the country’s oil reserves and a daily petroleum production of 3.2 million barrels. The discovery of 80 trillion cubic feet of gas resources at Jebel Ali in 2020 has further solidified the nation’s dominance in the energy sector. Furthermore, Saudi Arabia is transforming its mining sector, which aligns with Vision 2030, with an estimated mineral wealth of $2.5 trillion. The Kingdom’s commitment to diversifying its economy includes a $182 million investment in exploration incentives by the end of 2023. Moreover, Nigeria’s construction sector witnessed a 5.7% growth in 2022 and is projected to maintain an average growth rate of 3.2% between 2022 and 2026. This expansion is largely driven by urbanization, infrastructure projects, and government-led initiatives to improve transportation and housing. Thus, the UAE, Saudi Arabia, and Nigeria present promising opportunities for the market due to rapid sectoral growth in oil & gas, mining, and construction.
Free Valuable Insights: The Worldwide Off-highway Electric Vehicles Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Propulsion
By Application
By Battery Type
By Country
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