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.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Off-highway Electric Vehicles Market, by Propulsion
1.4.2 LAMEA Off-highway Electric Vehicles Market, by Application
1.4.3 LAMEA Off-highway Electric Vehicles Market, by Battery Type
1.4.4 LAMEA 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. LAMEA Off-highway Electric Vehicles Market by Propulsion
5.1 LAMEA Battery Electric Vehicle (BEV) Market by Country
5.2 LAMEA Hybrid Electric Vehicle (HEV) Market by Country
Chapter 6. LAMEA Off-highway Electric Vehicles Market by Application
6.1 LAMEA Agriculture Market by Country
6.2 LAMEA Mining Market by Country
6.3 LAMEA Construction Market by Country
Chapter 7. LAMEA Off-highway Electric Vehicles Market by Battery Type
7.1 LAMEA Li-ion Market by Country
7.2 LAMEA Lead-acid Market by Country
Chapter 8. LAMEA Off-highway Electric Vehicles Market by Country
8.1 Brazil Off-highway Electric Vehicles Market
8.1.1 Brazil Off-highway Electric Vehicles Market by Propulsion
8.1.2 Brazil Off-highway Electric Vehicles Market by Application
8.1.3 Brazil Off-highway Electric Vehicles Market by Battery Type
8.2 Argentina Off-highway Electric Vehicles Market
8.2.1 Argentina Off-highway Electric Vehicles Market by Propulsion
8.2.2 Argentina Off-highway Electric Vehicles Market by Application
8.2.3 Argentina Off-highway Electric Vehicles Market by Battery Type
8.3 UAE Off-highway Electric Vehicles Market
8.3.1 UAE Off-highway Electric Vehicles Market by Propulsion
8.3.2 UAE Off-highway Electric Vehicles Market by Application
8.3.3 UAE Off-highway Electric Vehicles Market by Battery Type
8.4 Saudi Arabia Off-highway Electric Vehicles Market
8.4.1 Saudi Arabia Off-highway Electric Vehicles Market by Propulsion
8.4.2 Saudi Arabia Off-highway Electric Vehicles Market by Application
8.4.3 Saudi Arabia Off-highway Electric Vehicles Market by Battery Type
8.5 South Africa Off-highway Electric Vehicles Market
8.5.1 South Africa Off-highway Electric Vehicles Market by Propulsion
8.5.2 South Africa Off-highway Electric Vehicles Market by Application
8.5.3 South Africa Off-highway Electric Vehicles Market by Battery Type
8.6 Nigeria Off-highway Electric Vehicles Market
8.6.1 Nigeria Off-highway Electric Vehicles Market by Propulsion
8.6.2 Nigeria Off-highway Electric Vehicles Market by Application
8.6.3 Nigeria Off-highway Electric Vehicles Market by Battery Type
8.7 Rest of LAMEA Off-highway Electric Vehicles Market
8.7.1 Rest of LAMEA Off-highway Electric Vehicles Market by Propulsion
8.7.2 Rest of LAMEA Off-highway Electric Vehicles Market by Application
8.7.3 Rest of LAMEA 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 LAMEA Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 2 LAMEA 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 LAMEA Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 6 LAMEA Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 7 LAMEA Battery Electric Vehicle (BEV) Market by Country, 2021 - 2024, USD Million
TABLE 8 LAMEA Battery Electric Vehicle (BEV) Market by Country, 2025 - 2032, USD Million
TABLE 9 LAMEA Hybrid Electric Vehicle (HEV) Market by Country, 2021 - 2024, USD Million
TABLE 10 LAMEA Hybrid Electric Vehicle (HEV) Market by Country, 2025 - 2032, USD Million
TABLE 11 LAMEA Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 12 LAMEA Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 13 LAMEA Agriculture Market by Country, 2021 - 2024, USD Million
TABLE 14 LAMEA Agriculture Market by Country, 2025 - 2032, USD Million
TABLE 15 LAMEA Mining Market by Country, 2021 - 2024, USD Million
TABLE 16 LAMEA Mining Market by Country, 2025 - 2032, USD Million
TABLE 17 LAMEA Construction Market by Country, 2021 - 2024, USD Million
TABLE 18 LAMEA Construction Market by Country, 2025 - 2032, USD Million
TABLE 19 LAMEA Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 20 LAMEA Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 21 LAMEA Li-ion Market by Country, 2021 - 2024, USD Million
TABLE 22 LAMEA Li-ion Market by Country, 2025 - 2032, USD Million
TABLE 23 LAMEA Lead-acid Market by Country, 2021 - 2024, USD Million
TABLE 24 LAMEA Lead-acid Market by Country, 2025 - 2032, USD Million
TABLE 25 LAMEA Off-highway Electric Vehicles Market by Country, 2021 - 2024, USD Million
TABLE 26 LAMEA Off-highway Electric Vehicles Market by Country, 2025 - 2032, USD Million
TABLE 27 Brazil Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 28 Brazil Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 29 Brazil Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 30 Brazil Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 31 Brazil Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 32 Brazil Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 33 Brazil Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 34 Brazil Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 35 Argentina Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 36 Argentina Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 37 Argentina Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 38 Argentina Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 39 Argentina Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 40 Argentina Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 41 Argentina Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 42 Argentina Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 43 UAE Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 44 UAE Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 45 UAE Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 46 UAE Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 47 UAE Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 48 UAE Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 49 UAE Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 50 UAE Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 51 Saudi Arabia Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 52 Saudi Arabia Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 53 Saudi Arabia Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 54 Saudi Arabia Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 55 Saudi Arabia Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 56 Saudi Arabia Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 57 Saudi Arabia Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 58 Saudi Arabia Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 59 South Africa Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 60 South Africa Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 61 South Africa Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 62 South Africa Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 63 South Africa Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 64 South Africa Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 65 South Africa Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 66 South Africa Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 67 Nigeria Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 68 Nigeria Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 69 Nigeria Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 70 Nigeria Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 71 Nigeria Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 72 Nigeria Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 73 Nigeria Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 74 Nigeria Off-highway Electric Vehicles Market by Battery Type, 2025 - 2032, USD Million
TABLE 75 Rest of LAMEA Off-highway Electric Vehicles Market, 2021 - 2024, USD Million
TABLE 76 Rest of LAMEA Off-highway Electric Vehicles Market, 2025 - 2032, USD Million
TABLE 77 Rest of LAMEA Off-highway Electric Vehicles Market by Propulsion, 2021 - 2024, USD Million
TABLE 78 Rest of LAMEA Off-highway Electric Vehicles Market by Propulsion, 2025 - 2032, USD Million
TABLE 79 Rest of LAMEA Off-highway Electric Vehicles Market by Application, 2021 - 2024, USD Million
TABLE 80 Rest of LAMEA Off-highway Electric Vehicles Market by Application, 2025 - 2032, USD Million
TABLE 81 Rest of LAMEA Off-highway Electric Vehicles Market by Battery Type, 2021 - 2024, USD Million
TABLE 82 Rest of LAMEA 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 LAMEA 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 LAMEA Off-highway Electric Vehicles Market share by Propulsion, 2024
FIG 10 LAMEA Off-highway Electric Vehicles Market share by Propulsion, 2032
FIG 11 LAMEA Off-highway Electric Vehicles Market by Propulsion, 2021 - 2032, USD Million
FIG 12 LAMEA Off-highway Electric Vehicles Market share by Application, 2024
FIG 13 LAMEA Off-highway Electric Vehicles Market share by Application, 2032
FIG 14 LAMEA Off-highway Electric Vehicles Market by Application, 2021 - 2032, USD Million
FIG 15 LAMEA Off-highway Electric Vehicles Market share by Battery Type, 2024
FIG 16 LAMEA Off-highway Electric Vehicles Market share by Battery Type, 2032
FIG 17 LAMEA Off-highway Electric Vehicles Market by Battery Type, 2021 - 2032, USD Million
FIG 18 LAMEA Off-highway Electric Vehicles Market share by Country, 2024
FIG 19 LAMEA Off-highway Electric Vehicles Market share by Country, 2032
FIG 20 LAMEA 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