The North America Off-highway Electric Vehicles Market would witness market growth of 21.1% CAGR during the forecast period (2025-2032).
The US market dominated the North America 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 $7,632.1 Million by 2032. The Canada market is experiencing a CAGR of 24.4% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 22.9% during (2025 - 2032).
This market is experiencing a transformative shift, driven by growing environmental concerns, stringent emissions regulations, and rapid technological advancements. These vehicles, designed for specialized applications in construction, agriculture, mining, and material handling industries, are increasing adoption due to their enhanced efficiency, reduced operational costs, and lower environmental impact.
Off-highway electric vehicles cater to a wide range of applications, spanning multiple industries that require heavy-duty machinery and specialized transportation. The construction sector is one of the leading adopters of off-highway electric vehicles. Electrifying equipment such as excavators, loaders, bulldozers, and cranes helps construction firms meet strict emissions regulations while reducing noise pollution—an essential factor in urban construction projects.
The market is experiencing rapid growth across North America, driven by increasing investment in mining, construction, and hybrid vehicle adoption. In Mexico, the mining industry remains a crucial economic sector, while Canada’s rising investment in building construction boosts the demand for sustainable heavy machinery. Mexico’s mining sector, valued at $3.3 billion in 2022, is vital to the country’s economy. Precious metals extraction dominates the industry, while non-ferrous metals (40%), metallurgy (6%), and non-metallic ores (7%) contribute significantly. In addition, Canada’s construction investment rose 1.7% to $19.8 billion in November 2023, with residential construction increasing by 2.2% ($13.7 billion) and non-residential investment rising by 0.4% ($6.0 billion). Additionally, the U.S. Energy Information Administration reported a rise in electric and hybrid vehicle sales in Q2 2024, driven primarily by a 30.7% increase in hybrid electric vehicle (HEV) sales. In conclusion, the market is growing due to increasing mining activities in Mexico, rising construction investments in Canada, and growing hybrid and electric vehicle adoption in the U.S.
Free Valuable Insights: The Off-highway Electric Vehicles Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Propulsion
By Application
By Battery Type
By Country
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