Off-highway Electric and Autonomous Retrofit Market, Global, 2024-2035

Description

OHW Retrofit Solutions are Driving Transformational Growth Due to Ease of Installation and New Business Models

The OHW industry has always relied on retrofit solutions to prolong equipment life cycles, meet emission standards, and improve operating efficiency. During the past decade, several developments have happened in OHW retrofit solutions. The increasing cost of new retail equipment is breaking entry barriers for start-ups offering application-specific retrofits. Collaborations between Tier 1 companies and start-ups allow battery-electric retrofit solutions to enter the market, letting operators convert conventional OHW machines into zero-emission equipment.

This is giving rise to start-ups offering hybrid, battery electric, and hydrogen fuel cell electric retrofit solutions catering to construction, mining, and agricultural applications. Though the market is at a nascent stage, the push toward decarbonization initiatives will likely drive significant short to medium-term growth for electric retrofits. Autonomous retrofits have gained traction since 2015, with start-ups partnering with OEMs, contractors, and key stakeholders in the industry. Collaborations between LiDAR system providers and software platform providers have allowed construction firms and farmers to run pilots fitting conventional equipment with autonomous kits. The ability to handle extreme loads, continuous 24/7 operation, and safety will drive the development of autonomous technologies for OHW equipment. Automation will advance faster in this segment than in the on-highway space, mainly because of the standardized and often isolated mining, construction, and agricultural operating environments, labor shortages, and higher operating costs.

This study analyzes the global autonomous and electric OHW retrofit market, growth opportunities, partnerships, and sub-trends. It evaluates market favorability, policies, regional investments, and standards enabling the adoption of retrofit solutions, including ecosystem dynamics and competitive landscape for both retrofit types, to understand what to expect by 2030 and beyond.

Product Code: KB25-42

Transformation in the Off-Highway Electric and Autonomous Retrofit Market

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Off-highway (OHW) Electric and Autonomous Retrofit Market

Ecosystem

Scope of Analysis
Off-highway Market Segmentation
Competitive Environment
Key Competitors

Retrofitting Market Overview

Economic Environment-GDP Growth
Market Overview-OHW Retrofit Solutions
Global Battery Regulations-Overview
Net-zero Targets-Global Snapshot
United States-OHW Electrification Initiatives and Regulations
Major Electrification Regulations-Europe
Major Electrification Regulations-India
Major Electrification Regulations-China
Major Electrification Regulations-RoW
US Autonomous OHW Initiatives
International Organization for Standardization (ISO) Framework
International Electrotechnical Commission (IEC) Framework
US Autonomous Technology Administrative Efforts
USDA Programs Promoting the Adoption of Automation and Mechanization in Specialty Crops Production
USDA Automation and Mechanization Program Funding
European Guidelines on AVs
European Type Approvals and Directives for Machinery
Australia-Autonomous OHW Regulatory Framework
Chinese Autonomous Solutions Development Framework
Autonomous OHW Standards and Regulations Development-Summary
Major Components of Electric Construction Equipment
Functional Block Diagram of Autonomous Operation
Autonomous Equipment Mechanism

Autonomous Retrofit Market

Autonomous Retrofit Solutions-Equipment in Operation (EIO)
Autonomous Retrofit Solutions-Competitive Landscape
Autonomous OHW Equipment-Pricing Overview
Autonomous Retrofit-Implementation and Business Model Analysis
Autonomous Retrofits-Key Projects, 2023
Autonomous Retrofits-Key Projects, 2024
Autonomous Mining-Business Model Case Study

Electric Retrofit Market

Schematic Comparison of Excavator: Diesel vs Hybrid vs Electric
ICE, Hybrid Electric, and Battery Electric Excavators: Efficiency Perspective
Key Factors Influencing the Electric Retrofit Market
Battery and Motor Sizing-Market Analysis
Electric Retrofits-Key Projects
Moog Construction and ZQuip-Case Study

Growth Generator: OHW Retrofitting Market

Autonomous OHW Retrofits-Growth Metrics
Electric OHW Retrofits-Growth Metrics
Growth Drivers-Autonomous OHW Retrofit Market
Growth Restraints-Autonomous OHW Retrofit Market
Growth Drivers-Electric OHW Retrofit Market
Growth Restraints-Electric OHW Retrofit Market
Autonomous Retrofits-Forecast Considerations
Electric Retrofits-Forecast Considerations
Market Forecasts-Global Autonomous Retrofit Equipment in Operation (EIO)
Market Forecasts-Regional Autonomous Retrofit EIO
Market Forecasts-Estimated Electric Retrofit EIO
Forecast Discussion-Autonomous OHW Retrofits
Forecast Discussion-Electric OHW Retrofits
Bass Diffusion Model

Growth Opportunity Universe

Growth Opportunity 1: Flexible Financing Models to Drive Collaboration and Adoption
Growth Opportunity 2: Synergies Arising from Technology Integration and Distributorship
Growth Opportunity 3: Mining Electrification and Automation

Appendix & Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer