France Off-Highway Electric Vehicles Market Size, Share, And COVID-19 Impact Analysis, By Vehicle Type (BEV, and HEV), By Battery Type (Li-ion, and Lead-acid), By Application (Construction, Agriculture, and Others), And France Off-Highway Electric Vehicles Market Insights, Industry Trend, Forecasts To 2035

France Off-Highway Electric Vehicles Market Insights Forecasts to 2035

• The France Off-Highway Electric Vehicles Market Size Was Estimated at USD 85.2 Million in 2024
• The France Off-Highway Electric Vehicles Market Size is Expected to Grow at a CAGR of around 10.09% from 2025 to 2035
• The France Off-Highway Electric Vehicles Market Size is Expected to Reach USD 245.2 Million by 2035

According to a research report published by Spherical Insights & Consulting, the France Off-Highway Electric Vehicles Market Size is anticipated to reach USD 245.2 Million by 2035, Growing at a CAGR of 10.09% from 2025 to 2035. The off-highway electric vehicles market is driven by increasing need for higher-end thermal management systems for off-road vehicles, expansion in agricultural and outdoor motorsport markets, and the shift from mechanical to electric cooling technologies.

Market Overview:

Off-highway electric vehicles (OHEVs) have their primary application in the construction, agricultural, and mining industries. They are a key source of decarbonization because of the lower emissions and smaller operating expenses. France focuses on fossil fuel reduction and transitioning its heavy machinery fleet is leading the path to electrification. The increase in fuel prices, carbon footprint reduction requirements, and environmentally aware company behaviour are prompting investment in electric-powered options. To promote the use of off-highway electric cars, governments are providing tax breaks and incentives.

Report Coverage:

This research report categorizes the France off-highway electric Vehicles market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France off-highway electric vehicles market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France off-highway electric vehicles market.

Driving Factor

Stringent Emissions Regulation The boom in off-highway electric vehicles is based on increased concern for the environment and stricter emissions regulations worldwide to contain carbon traces and purify the air, making electric vehicles increasingly desirable. More emphasis on Sustainability and Decarbonization. The global push towards sustainability and decarbonization across all industries drives the off-highway electric vehicle market. Industry, governments, and end-users are all increasingly seeking green technology as a means to offset the ecological cost of conventional internal combustion engines.

Restraining Factor

Increased initial cost over conventional diesel-based machinery. Limited availability of charging points for heavy electric machinery in rural/mining locations. Battery performance restrictions for heavy and extended usage. Resistance to shifting from conventional fuel-based systems by older operators.

Market Segmentation

The France off-highway electric vehicles market share is classified into the vehicle type, battery type, and application

• The HEV segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France off-highway electric vehicles market is segmented by vehicle type into BEV and HEV. Among these, the HEV segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. HEVs are efficient with fuel since both ICE and electricity are utilized as motive power. Fuel efficiency may imply a reduction in cost savings in off-road use, like agriculture and construction, where heavy machinery is utilized for long hours.

• The Li-ion segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period

The France off-highway electric vehicles market is segmented by battery type into Li-Ion and Lead-Acid. Among these, the Li-ion segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The production of Li-Ion batteries has become cheaper each year due to economies of scale, technological progress, and increased competition between battery producers. Off-road EVs become more economical with falling battery costs, encouraging broader uses in industries.

• The construction segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The France off-highway electric vehicles market is segmented by application into construction, agriculture, and others. Among these, the construction segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion is attributed to growing infrastructure construction and investment from the France government in green building activities are fueling this growth. City construction work and regulations that require a smaller carbon footprint from the construction machines are forcing contractors to adopt electric machines.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France off-highway electric vehicles market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Caterpillar Inc
• Volvo AB ADR
• Komatsu Ltd
• Deere & Co
• Sandvik AB
• Hitachi Construction Machinery Co, Ltd
• Epiroc AB DR
• CNH Industrial NV
• JCB
• Others

Recent Development

• In June 2023, Volvo CE launched its mid-size electric excavator series for the France and European markets, targeting public construction projects.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the France, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France off-highway electric vehicles market based on the below-mentioned segments:

France Off-Highway Electric Vehicles Market, By Vehicle Type

• BEV
• HEV

France Off-Highway Electric Vehicles Market, By Battery Type

• Li-ion
• Lead-acid

France Off-Highway Electric Vehicles Market, By Application

• Construction
• Agriculture
• Others