Non-road Mobile Machinery (NRMM) Battery Outlook
Our forecast provides a long-term overview and outlook for the non-road mobile machinery (NRMM) market by subsector, region and battery chemistry.Request demo
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This report provides an overview of the NRMM market, breaking down:
- Sales forecast by subsector and region to 2040
- Battery demand for the following subsectors to 2040:
This Non-road Mobile Machinery (NRMM) Battery Outlook analyses the current state of the NRMM market and how electrification is expected to shape the future of the industry. Although electrification of NRMM is in the early stages, 2023 has proved a significant year for new models and commercial availability.
This report covers the various challenges and opportunities that are appearing in the market and outlines how governments and companies can adapt to achieve their emissions targets. Due to the high-energy intensity nature of vehicles in this space, a greater variety of solutions will be required, introducing new considerations from those previously seen in the passenger vehicle market.
PDF and supporting Excel workbook
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Our forecasts are based on robust and informed methodologies looking at the interactions between different functions in the supply chain. We track the following variables that impact the forecast:
- Macroeconomic data
- Global machine sales
- OEM strategy and emissions targets
- Government legislation
- Current BEV models and pilot tests