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 (2024-2029) Read More

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. Read More

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 (2024-2029). Read More

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

In 2024, the Europe accounts for the largest market share in Off Highway Hybrid Vehicles Market. Read More

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 and 2023. The report also forecasts the Off Highway Hybrid Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Off-highway Hybrid Vehicles Market - Size, Share & Analysis

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