Internal combustion engine (ICE) was the dominant powertrain in off-highway equipment worldwide in 2021, accounting for about 95 percent of the value of total sales that year, while sales of off-highway equipment with electric and hybrid powertrains made up only five percent of the total sales value. ICE is projected to retain its dominance in the off-highway equipment market in the coming years.
Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain
(in million U.S. dollars)
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Gen Consulting Company. (February 7, 2023). Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain (in million U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/
Gen Consulting Company. "Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain (in million U.S. dollars)." Chart. February 7, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/
Gen Consulting Company. (2023). Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/
Gen Consulting Company. "Size of The Global Off-highway Equipment Market from 2018 to 2021, with a Forecast through 2028, by Powertrain (in Million U.S. Dollars)." Statista, Statista Inc., 7 Feb 2023, https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/
Gen Consulting Company, Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain (in million U.S. dollars) Statista, https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/ (last visited December 22, 2024)
Size of the global off-highway equipment market from 2018 to 2021, with a forecast through 2028, by powertrain (in million U.S. dollars) [Graph], Gen Consulting Company, February 7, 2023. [Online]. Available: https://www.statista.com/statistics/1365873/global-off-highway-equipment-market-size-by-powertrain/
