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An off-road vehicle is considered to be any type of vehicle which is capable of driving on and off paved or gravel surface. It is generally characterized by having large tires with deep, open treads, a flexible suspension, or even caterpillar tracks. Other vehicles that do not travel public streets or highways are generally termed off-highway vehicles, including tractors, forklifts, cranes, backhoes, bulldozers, and golf carts. Off Highway Vehicle Engine is the engine specifically designed for off road vehicle.
Scope of the Report:
In the coming years there is an increasing demand for off-highway vehicle engine in the regions of North America and Europe that is expected to drive the market for more advanced off-highway vehicle engine. Growth in government budgets in the principal countries, increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agricultural machinery, retrofitting and renovation of old technology, increasing adoption of off-highway vehicle engine will drive growth in North America and Europe markets.
Globally, the off-highway vehicle engine industry market is low concentrated as the manufacturing technology of off-highway vehicle engine is relatively matures than some high-tech equipment. And some enterprises, like Cummins, Caterpillar, MAN, etc. are well-known for the wonderful performance of their off-highway vehicle engine and related services. At the same time, North America, occupied about 27% revenue market share in 2016, is remarkable in the global off-highway vehicle engine industry because of their market share and technology status of off-highway vehicle engine.
The consumption volume of off-highway vehicle engine is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of off-highway vehicle engine industry may not keep that fast. But it is surely forecasted that the market of off-highway vehicle engine is still promising.
The worldwide market for Off Highway Vehicle Engine is expected to grow at a CAGR of roughly 2.6% over the next five years, will reach 13500 million US$ in 2024, from 11900 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Off Highway Vehicle Engine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Cummins
- Caterpillar
- Kubota
- MAN
- Volvo Penta
- FPT
- Yanmar
- Deutz
- Yuchai
- Deere
- Weichai Power
- Yunnei Power
- Mitsubishi
- Isuzu
- Lombardini
- Quanchai
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Under 50 Hp
- 50-100 Hp
- Above 100 Hp
Market Segment by Applications, can be divided into
- Construction Machinery
- Agricultural Machinery
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Off Highway Vehicle Engine product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Off Highway Vehicle Engine, with price, sales, revenue and global market share of Off Highway Vehicle Engine in 2017 and 2018.
Chapter 3, the Off Highway Vehicle Engine competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Off Highway Vehicle Engine breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Off Highway Vehicle Engine market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Off Highway Vehicle Engine sales channel, distributors, customers, research findings and conclusion, appendix and data source.