Unit shipment analysis and revenue mapping were used to get the global market valuation. The methodology comprised:
Finding more than forty important manufacturers in Latin America, Europe, Asia-Pacific, and North America
Product mapping for plug-in hybrid electric, battery electric, and hybrid electric drivetrains
Segment analysis for applications in mining, construction, logistics, and agriculture
Horsepower classification with ranges of less than 50 horsepower, 50–100 horsepower, 100–150 horsepower, and more than 150 horsepower
Examination of annual revenues for electric tractor portfolios, both reported and modeled
coverage of producers accounting for 75–80% of the world market in 2024
Extrapolation to obtain segment-specific valuations utilizing top-down (manufacturer revenue validation) and bottom-up (unit shipments × ASP by country/region) methods