Sustainability targets and the requirement to reduce operational costs, maintenance costs, and equipment downtime have increased the need for synergies across the off-highway value chain in Europe.
• The requirement for electric charging and hydrogen fuel infrastructure increases and the need to digitize processes becomes more urgent, thus pushing toward collaborations between Original equipment manufacturers, suppliers, utility companies, and software solution providers.
• The European off-highway equipment sector was valued at $56.8 billion in 2021 with the construction and mining equipment sector taking a larger share of 53.4%.
• Collaboration between stakeholders will produce datasets to further enhance convenience and processes.
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