HOME Top Market Reports Engine Market for Off-Highway Vehicle by Power Output (HP) (Construction: <100, 101-200, 201-400, >400; Agriculture: <30, 31-50, 51-80, 81-140, >140), Capacity (<5L, 5.1L-10L, >10L), Fuel Type (Diesel, Gasoline & Others), & by Region - Forecast to 2020

Engine Market for Off-Highway Vehicle by Power Output (HP) (Construction: <100, 101-200, 201-400, >400; Agriculture: <30, 31-50, 51-80, 81-140, >140), Capacity (<5L, 5.1L-10L, >10L), Fuel Type (Diesel, Gasoline & Others), & by Region - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: AT 3987

 

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The off-highway vehicle engine market is mainly driven by stringent emission norms, increasing mechanization in agriculture industry, and growing infrastructure activities around the globe. The global market is projected to grow at the CAGR of 7.65% to reach the market size of USD 38.9 Billion by 2020. The base year for the study is 2014, and the forecast period is from 2015 to 2020.  The report segments the global market on the basis of power output, engine capacity, fuel type, end-use industry, and region. The report covers the engines used in agricultural tractors and construction equipment such as excavators, loaders, dozers, asphalt finishers, and dump trucks among others.

Continuous growth in socio-economic conditions has fueled growth of construction and agriculture industry across the globe. The global market is being driven by the rising mechanization in agriculture, growth of construction industry, especially in Asia-Oceania, and rapid urbanization around the world. Complying with the stringent emission norms is the biggest challenge for engine manufacturers.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the off-highway vehicle engine market. The model mapping with respect to engine specifications has been done for agriculture and construction equipment at country level. The equipment production, with respect to power output and engine capacity, at country level has been considered for the study.  The bottom-up approach has been used to estimate the market size, in which country-wise tractor production, and construction vehicles sales statistics has been taken into account.

The production of agriculture tractors has been considered to arrive at the market size, in terms of volume, for agriculture engines. Similarly for construction engines, country-wise sales of construction equipment have been considered. This country-wise market size, in terms of volume, of engines is then multiplied with the country-wise average OE price (AOP) of engine required in construction and agriculture applications. This results in the country-wise market size, in terms of value. The summation of the country-wise market gives the regional markets and further summation of the regional market provides the global off-highway vehicle engine market.

Figure below shows the break-up of profile of industry experts who participated in primary discussions.

Engine Market for Off-Highway Vehicle

The off-highway vehicle engine ecosystem consists of engine manufacturers such as Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), and Kubota Corporation (Japan), the construction equipment manufacturers such as J. C. Bamford Excavators Ltd. (U.K.), Deere and Company (U.S.), and Hitachi Construction Machinery Co. Ltd. (Japan), agricultural tractor manufacturers such as AGCO Corporation (U.S.), Mahindra and Mahindra Ltd. (India), and Massey Ferguson Ltd (U.S.), regional construction equipment manufacturers association such as Japan Construction Equipment Manufacturers Association (CEMA), and Indian Construction Equipment Manufacturers Association (ICEMA), regional tractor manufacturers association such as Tractor Manufacturers Association India and European Agriculture Machinery Association, among others.

Target audience

  • Engine manufacturers
  • Construction equipment manufacturers
  • Agricultural tractor manufacturers
  • Investment firms
  • Equity research firms
  • Private equity firms

scope of the report

  • By power output (Construction: <100HP, 101-200HP, 201-400HP, and >400HP; Agriculture: <30HP, 31-50HP, 51-80HP, 81-140HP, and >140HP)
  • By engine capacity (<5L, 5-10L and >10L)
  • By fuel type (Diesel and Gasoline & others)
  • By region (Asia-Oceania, North America, Europe, and RoW)
  • By end-use industry (construction & agriculture)

Available Customizations

  • Off-highway engine market, by application (Industrial, Marine, Forestry, and Mining)
  • Further breakdown of Rest of Asia-Oceania off-highway engine market into country level markets such as Indonesia, Malaysia, Thailand, and Australia
  • Further breakdown of Rest of Europe off-highway engine market into country-level markets such as Italy, Spain, Poland, and Sweden
  • Model mapping for off-highway engines by manufacturer, technical specifications and engine family

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Data From Secondary Sources
    2.4 Primary Data
           2.4.1 Sampling Techniques & Data Collection Methods
           2.4.2 Primary Participants
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand Side Analysis
                    2.5.2.1 Increasing Population in Across the Globe
                    2.5.2.2 Impact of Gdp on Construction &  Agriculture Equipment Sales
           2.5.3 Supply Side Analysis
                    2.5.3.1 Influence of Other Factors Such as Environmental Regulations
    2.6 Market Size Estimation
    2.7 Data Triangulation
    2.8 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Off-Highway Vehicle Engine Market, By Region, 2015-E
    4.2 Off-Highway Vehicle Engine Market Growth, By Country, 2015–2020
    4.3 Construction Equipment Engine Market, By Engine Capacity & Region, 2015-E
    4.4 Construction Equipment Engine Market, By Power Output, 2015–2020 (USD Billion)
    4.5 Agriculture Tractor Engine Market, By Power Output, 2015-E (USD Billion)
    4.6 Agriculture Tractor Engine Market, By Engine Capacity, 2015–2020
    4.7 Off-Highway Vehicle Engine Market, By Country, 2015–2020

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Mechanization in Agriculture
                    5.3.1.2 Growth of Infrastructure Activities
           5.3.2 Restraint
                    5.3.2.1 Heavy Investments,High Manufacturing, Operating, & Maintenance Cost
           5.3.3 Opportunities
                    5.3.3.1 Market Consolidation
                    5.3.3.2 Renting Or Leasing of Equipment
                    5.3.3.3 Off-Highway Engines Powered By Alternate Fuels
           5.3.4 Challenges
                    5.3.4.1 Stringent Emission Norms
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrant
           5.4.2 Threat of Substitute
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Rivalry
    5.5 Product Flow Diagram

6 Technical Overview
    6.1 Emission Regulations for Off-Highway Engines
           6.1.1 Tier-IV/ Stage-IV
           6.1.2 Tier 3/ Stage III Norms
    6.2 Upgrades in Engine Technology
           6.2.1 Tier-IV Engine Families From Key Manufacturers
           6.2.2 Electronic Fuel Injection
           6.2.3 Two Stage Turbochargers
           6.2.4 Cooled EGR
           6.2.5 Selective Catalytic Reduction (SCR)
    6.3 Fuel Quality Requirements
    6.4 Upgrades in Materials Used for Off-Highway Engines

7 Off-Highway Vehicle Engine Market, By Power Output
    7.1 Introduction
    7.2 Construction Equipment Engines Market, By Power Output
           7.2.1 Market for <100 Hp Engines, By Region
           7.2.2 Market for 101-200 Hp Engines, By Region
           7.2.3 Market for 201-400 Hp Engines, By Region
           7.2.4 Market for >400 Hp Engines, By Region
    7.3 Agriculture Tractor Engines Market, By Power Output
           7.3.1 Market for <30 Hp Engines, By Region
           7.3.2 Market for 31-50 Hp Engines, By Region
           7.3.3 Market for 51-80 Hp Engines, By Region
           7.3.4 Market for 81-140 Hp Engines, By Region
           7.3.5 Market for >140 Hp Engines, By Region

8 Off-Highway Vehicle Engine Market, By Engine Capacity
    8.1 Introduction
    8.2 Construction Equipment Engines Market, By Engine Capacity
           8.2.1 Market for <5l Engines, By Region
           8.2.2 Market for 5l-10l Engines, By Region
           8.2.3 Market for >10l Engines, By Region
    8.3 Agriculture Tractor Engines Market, By Engine Capacity
           8.3.1 Market for <5l Engines, By Region
           8.3.2 Market for 5l-10l Engines, By Region
           8.3.3 Market for >10l Engines, By Region

9 Off-Highway Vehicle Engine Market, By Fuel Type
    9.1 Introduction
    9.2 Construction Equipment Engine Market, By Fuel Type
    9.3 Agriculture Tractor Engine Market, By Fuel Type

10 Off-Highway Vehicle Engine Market, By Region
     10.1 Introduction
     10.2 Off-Highway Vehicle Engine Market, By Region
             10.2.1 Asia-Oceania
                        10.2.1.1 Pest Analysis
                               10.2.1.1.1 Political Factors
                               10.2.1.1.2 Economic Factors
                               10.2.1.1.3 Social Factors
                               10.2.1.1.4 Technological Factors
                        10.2.1.2 Asia-Oceania: Off-Highway Vehicle Engine Market, By Country
                               10.2.1.2.1 China: Market, By End-User
                               10.2.1.2.2 Japan: Market, By End-User
                               10.2.1.2.3 India: Market, By End-User
             10.2.2 North America
                        10.2.2.1 Pest Analysis
                               10.2.2.1.1 Political Factors
                               10.2.2.1.2 Economic Factors
                               10.2.2.1.3 Social Factors
                               10.2.2.1.4 Technological Factors
                        10.2.2.2 North America Off-Highway Vehicle Engine Market, By Country
                               10.2.2.2.1 U.S.: Market, By End-User
                               10.2.2.2.2 Canada: Market, By End-User
                               10.2.2.2.3 Mexico: Market, By End-User
             10.2.3 Europe
                        10.2.3.1 Pest Analysis
                               10.2.3.1.1 Political Factors
                               10.2.3.1.2 Economic Factors
                               10.2.3.1.3 Social Factors
                               10.2.3.1.4 Technological Factors
                        10.2.3.2 Europe Off-Highway Vehicle Engine Market, By Country
                               10.2.3.2.1 Germany: Market, By End-User
                               10.2.3.2.2 U.K.: Market, By End-User
                               10.2.3.2.3 France: Market, By End-User
             10.2.4 RoW
                        10.2.4.1 Pest Analysis
                               10.2.4.1.1 Political Factors
                               10.2.4.1.2 Economic Factors
                               10.2.4.1.3 Social Factors
                               10.2.4.1.4 Technological Factors
                        10.2.4.2 RoW: Off-Highway Vehicle Engine Market, By Country
                               10.2.4.2.1 Brazil: Off-Highway Vehicle Engine Market, By End-User

11 Competitive Landscape
     11.1 Competitive Situation & Trends
     11.2 Battle for Market Share: New Product Launch Was the Key Strategy
     11.3 New Product Launches
     11.4 Expansions
     11.5 Agreements/Joint Ventures/Supply Contracts/Partnerships

12 Company Profiles
     12.1 Introduction
     12.2 Caterpillar Inc.
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Cummins Inc.
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Deere & Company
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Kubota Corporation
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Deutz AG
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 Scania AB
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
     12.8 Weichai Power Co. Ltd.
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
     12.9 MTU Friedrichshafen GmbH
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 Volvo CE
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
     12.11 Yanmar Co. Ltd.
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments

13 Appendix
     13.1 Insights of Industry Experts
     13.2 Other Developments
     13.3 Discussion Guide
     13.4 Available Customizations
             13.4.1 Further Breakdown of Off-Highway Engine Market, By Other Applications
                        13.4.1.1 Industrial
                        13.4.1.2 Marine
                        13.4.1.3 Forestry
                        13.4.1.4 Mining
             13.4.2 Regional Analysis
                        13.4.2.1 Further Breakdown of the Rest of Asia-Oceania Off-Highway Vehicle Engine Market Into Country-Level Markets Such as Indonesia, Malaysia, Thailand, & Australia
                        13.4.2.2 Further Breakdown of the Rest of Europe Off-Highway Vehicle Engine Market Into Country-Level Markets Such as Italy, Spain, Poland, Belgium, the Netherlands, & Sweden
             13.4.3 Model Mapping for Off-Highway Engines
                        13.4.3.1 By Manufacturer
                        13.4.3.2 By Technical Specifications
                        13.4.3.3 By Engine Family
     13.5 Related Report
     13.6 Introducing RT: Real Time Market Intelligence


List of Tables (88 Tables)

Table 1 Economic Factors
Table 2 U.S. Tier-IV Off-Highway Final Regulations
Table 3 EU Stage-IV Off-Highway Regulations
Table 4 U.S. Tier 3 Off-Highway Regulations
Table 5 EU Stage III A Off-Highway Regulations
Table 6 EU Stage III B Off-Highway Regulations
Table 7 Cummins Inc. Tier 4 Engine Families
Table 8 Caterpillar Inc. Tier 4 Engine Families
Table 9 John Deere Tier 4 Engine Families
Table 10 Deutz AG Tier 4 Engine Families
Table 11 Perkins Engines Co. Ltd. Tier 4 Engine Families
Table 12 Construction Equipment Engine Market Size, By Power Output, 2013–2020 (‘000 Units)
Table 13 Construction Equipment Engine Market Size, By Power Output, 2013–2020 (USD Million)
Table 14 Construction Equipment <100 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 15 Construction Equipment <100 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 16 Construction Equipment 101-200 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 17 Construction Equipment 101-200 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 18 Construction Equipment 201-400 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 19 Construction Equipment 201-400 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 20 Construction Equipment >400 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 21 Construction Equipment >400 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 22 Agriculture Tractor Engine Market Size, By Power Output, 2013–2020 (‘000 Units)
Table 23 Agriculture Tractor Engine Market Size, By Power Output, 2013–2020 (USD Million)
Table 24 Agriculture Tractor <30 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 25 Agriculture Tractor <30 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 26 Agriculture Tractor 31-50 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 27 Agriculture Tractor 31-50 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 28 Agriculture Tractor 51-80 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 29 Agriculture Tractor 51-80 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 30 Agriculture Tractor 81-140 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 31 Agriculture Tractor 81-140 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 32 Agriculture Tractor >140 Hp Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 33 Agriculture Tractor >140 Hp Engine Market Size, By Region, 2013–2020 (USD Million)
Table 34 Construction Equipment Engine Market Size, By Capacity, 2013–2020 (‘000 Units)
Table 35 Construction Equipment Engine Market Size, Capacity, 2013–2020 (USD Million)
Table 36 Construction Equipment <5l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 37 Construction Equipment <5l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 38 Construction Equipment 5l-10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 39 Construction Equipment 5l-10l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 40 Construction Equipment >10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 41 Construction Equipment >10l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 42 Agriculture Tractor Engine Market Size, By Capacity, 2013–2020 (‘000 Units)
Table 43 Agriculture Tractor Engine Market Size, By Capacity, 2013–2020 (USD Million)
Table 44 Agriculture Tractor <5l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 45 Agriculture Tractor <5l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 46 Agriculture Tractor 5l-10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 47 Agriculture Tractor 5l-10l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 48 Agriculture Tractor >10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 49 Agriculture Tractor >10l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 50 Construction Equipment Engine Market Size, By Fuel Type, 2013–2020 (‘000 Units)
Table 51 Construction Equipment Engine Market Size, By Fuel Type, 2013–2020 (USD Million)
Table 52 Agriculture Tractor Engine Market Size, By Fuel Type, 2013–2020 (‘000 Units)
Table 53 Agriculture Tractor Engine Market Size, By Fuel Type, 2013–2020 (USD Million)
Table 54 Off-Highway Vehicle Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 55 Off-Highway Vehicle Engine Market Size, By Region, 2013–2020 (USD Million)
Table 56 Asia-Oceania: Off-Highway Vehicle Engine Market Size, By Country, 2013–2020 (‘000 Units)
Table 57 Asia-Oceania: Market Size, By Country, 2013–2020 (USD Million)
Table 58 China: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 59 China: Market Size, By End-User, 2013–2020 (USD Million)
Table 60 Japan: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 61 Japan: Market Size, By End-User, 2013–2020 (USD Million)
Table 62 India: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 63 India: Market Size, By End-User, 2013–2020 (USD Million)
Table 64 North America: Off-Highway Vehicle Engine Market Size, By Country, 2013–2020 (‘000 Units)
Table 65 North America: Market Size, By Country, 2013–2020 (USD Million)
Table 66 U.S.: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 67 U.S.: Market Size, By End-User, 2013–2020 (USD Million)
Table 68 Canada: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 69 Canada: Market Size, By End-User, 2013–2020 (USD Million)
Table 70 Mexico: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 71 Mexico: Market Size, By End-User, 2013–2020 (USD Million)
Table 72 Europe: Off-Highway Vehicle Engine Market Size, By Country, 2013–2020 (‘000 Units)
Table 73 Europe: Market Size, By Country, 2013–2020 (USD Million)
Table 74 Germany: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 75 Germany: Market Size, By End-User, 2013–2020 (USD Million)
Table 76 U.K.: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 77 U.K.: Market Size, By End-User, 2013–2020 (USD Million)
Table 78 France: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 79 France: Market Size, By End-User, 2013–2020 (USD Million)
Table 80 RoW: Off-Highway Vehicle Engine Market Size, By Country, 2013–2020 (‘000 Units)
Table 81 RoW: Market Size, By Country, 2013–2020 (USD Million)
Table 82 Brazil: Off-Highway Vehicle Engine Market Size, By End-User, 2013–2020 (‘000 Units)
Table 83 Brazil: Market Size, By End-User, 2013–2020 (USD Million)
Table 84 Russia Off-Highway Vehicle Engine Market, By End-User, 2013–2020 (‘000 Units)
Table 85 Russia: Market Size, By End-User, 2013–2020 (USD Million)
Table 86 New Product Launches, 2014–2015
Table 87 Expansions, 2011–2015
Table 88 Agreements/Joint Ventures/Supply Contracts/Partnerships , 2012–2015


List of Figures (60 Figures)

Figure 1 Global Off-Highway Engine Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Companies, Designation,  & Region
Figure 5 Significant Growth in Global Population (Million), 2004–2014
Figure 6 Value Added By Agriculture Industry as A Percentage of GDP, 2014
Figure 7 Gross Domestic Product vs Construction Equipment Sales, 2013-2014
Figure 8 Off-Highway Vehicle Engine Market, By Engine Capacity: Bottom-Up Approach
Figure 9 Off-Highway Vehicle Engine Market, By Power Output: Top Down Approach
Figure 10 Asia-Oceania Projected to Be the Largest Market for Off-Highway Engines, 2015–2020
Figure 11 101-400hp Engine Segments Estimated to Dominate the Construction Equipment Engines, 2015
Figure 12 <5l Engines: Largest Share in Off-Highway Vehicle Engine Market, 2015
Figure 13 Diesel Fuel Segment Dominates the Off-Highway Engine Market in 2015
Figure 14 China: the Largest Market for Off-Highway Vehicle Engine From 2015 to 2020 (USD Billion)
Figure 15 Asia-Oceania Estimated to Dominate the Market, By Value, 2015-E
Figure 16 India: Highest Growing Off-Highway Vehicle Engine Market From 2015 to 2020, By Value
Figure 17 Asia-Oceania to Dominate the Global Construction Equipment Engine Market, 2015
Figure 18 Construction Equipment Engine Market, By Power Output: Snapshot, 2015
Figure 19 51-80 HP Engine: Highest Market Share in Agriculture Tractor Engine Market, By Value, 2015-E
Figure 20 <5l Engine: Largest Market in the Engine Capacity Segment of Agriculture Tractor Engine, 2015-2020
Figure 21 Top 4 Countries to Account for the Maximum Share in the Off-Highway Vehicle Engine Market Size, By Value, 2015–2020
Figure 22 Off-Highway Vehicle Engine Market Dynamics
Figure 23 Agriculture Tractor Sales, 2012–2013
Figure 24 Global Infrastructure Investment, 2013
Figure 25 Construction Spending in Asia-Oceania, 2013 (USD Billion)
Figure 26 U.S. EPA (Environmental Protection Agency) Emission Norms for Off-Highway Engines
Figure 27 EU Emission Norms for Off-Highway Engines
Figure 28 Off-Highway Vehicle Engine Market: Porter’s Five Forces Analysis
Figure 29 Off-Highway Engine: Product Flow Diagram
Figure 30 PM & NOX Reduction in Off-Highway Engines, 1996–2014
Figure 31 Technology Requirements for Tier-IV/ Stage-IV Engines
Figure 32 Working of SCR System
Figure 33 Sulfur Content Limits in Diesel, 2015
Figure 34 Construction Equipment Engine Market, By Power Output, 2015–2020 (USD Million)
Figure 35 Agriculture Tractor Engine Market, By Power Output, 2015–2020 (USD Million)
Figure 36 Construction Equipment Engine Market: <5l Engine is Projected to Grow at the Highest CAGR, 2015-2020 (USD Million)
Figure 37 Agriculture Tractor Engine Market: 5l-10l Engine is Projected to Grow at the Highest CAGR From 2015 to 2020 (USD Million)
Figure 38 Construction Equipment Engine Market: Diesel Engine is Projected to Be the Largest Market,2015-2020 (USD Million)
Figure 39 Agriculture Tractor Engine Market: Diesel Engine is Projected to Be the Largest Market From 2015 to 2020 (USD Million)
Figure 40 Off-Highway Vehicle Engine Market Outlook, By Country (USD Million)
Figure 41 Asia-Oceania: Off-Highway Vehicle Engine Market Snapshot
Figure 42 North America: Off-Highway Vehicle Engine Market Snapshot
Figure 43 Companies Adopted New Product Launch as the Key Growth Strategy, 2011-2015
Figure 44 Cummins Inc. Registered the Highest Growth Rate From 2010 to 2014
Figure 45 Market Evaluation Framework: New Product Launch has Been Driving the Off-Highway Vehicle Engine Market
Figure 46 Caterpillar Inc.: Business Overview
Figure 47 Caterpillar Inc.: SWOT Analysis
Figure 48 Cummins Inc.: Business Overview
Figure 49 Cummins Inc.: SWOT Analysis
Figure 50 Deere & Company: Business Overview
Figure 51 Deere & Company: SWOT Analysis
Figure 52 Kubota Corp.: Business Overview
Figure 53 Kubota Corporation: SWOT Analysis
Figure 54 Deutz AG: Business Overview
Figure 55 Deutz AG: SWOT Analysis
Figure 56 Scania AB: Business Overview
Figure 57 Weichai Power Co. Ltd.: Business Overview
Figure 58 MTU : Business Overview
Figure 59 Volvo CE: Business Overview
Figure 60 Yanmar Co. Ltd.: Business Overview

The off-highway vehicle engine market size is projected to grow at a promising CAGR of 7.65% during the forecast period, to reach USD 38.93 Billion by 2020. Rising mechanization in agriculture and growth in infrastructure activities are some of the drivers fueling growth in sales of off-highway vehicle engines, globally.

The off-highway vehicle engine market for engine capacity segment is estimated to be dominated by the <5 litre engines from 2015 to 2020. Engines <5L are prominently used in agriculture tractors and construction equipment. In agriculture tractors, China and India are the largest markets, where light- and medium-duty tractors account for the maximum share for vehicles with <5L engines. In Asia-Oceania region, farm lands are smaller in size, where farmers use cattle to plough the farms or light- or medium-duty tractors. For construction equipment, <5L engines are the highest growing market. This is due to the increase in the demand for backhoe loaders and mini excavators equipped with <5L engines.

The agriculture tractor market for power output segment is led by 51-80 HP engines for during the forecast period. The demand for 51-80 HP engines is the largest because of high-demand for medium-duty tractors in Asia-Oceania region, which accounts for a majority share of the overall agriculture tractor market. In North America and Europe, the demand for heavy duty tractors is high, therefore the market for 81-140 HP and >140 HP engines is more in these regions. The demand for 101-200 HP engines of construction equipment engines is largest globally. This is due to the increase in the demand for excavators, loaders, and dozers equipped with these engines is highest globally.

The Asia-Oceania region includes emerging economies such as India, China, Indonesia, and Thailand among others. Increase in infrastructure activities such as housing, power projects, road construction, and airports among others is enhancing the demand for construction equipment, which in turn, is increasing the market for off-highway vehicle engines. Apart from the construction industry, growth in agriculture industry is also enhancing the market for off-highway engines. Due to the increase in mechanization in the agriculture industry, the demand for agriculture tractors is on the rise, which is ultimately increasing the demand for agriculture tractor engines in Asia-Oceania region. Asia-Oceania is the highest growing off-highway vehicle engine market, at a CAGR of 8.45% from 2015 to 2020.

Engine Market for Off-Highway Vehicle

The major restraint considered in the study include high manufacturing, operating, and maintenance cost of off-highway vehicle engines. Machinery used in the construction and agriculture industry have high operating cost, as most of the times power requirements are high, resulting in high fuel consumption. The maintenance and repair cost associated with these equipment is also high. These factors could negatively affect the demand for agriculture and construction machinery, which in turn, restraints growth in the market for engines required for these applications.

Caterpillar Inc. is one of the largest manufacturers of diesel and natural gas engines for off-highway applications. The company has always placed strong emphasis on product oriented research & development relating to the development of new improved engines. This is evident from the several product launches by the company in recent years. In November 2014, its subsidiary, Perkins Engines Company Ltd. developed new mechanically operated 1104D-44 model, which offers dependable solutions for all off-highway emissions standards up to EU Stage IV/U.S.EPA Tier 4 Final, which is used in off-highway vehicles manufactured by Caterpillar.

Available Customizations Title

Client Consult Problem Statement :

MnM’s client was interested in assessing model mapping of leading off-highway engine manufacturers with parameters such as OEM, model, version, engine model, power, bore, stroke, RPM, length, width, height, displacement, aspiration, fuel system, lubricant capacity, coolant capacity and type of transmission for mining vehicles. Moreover, the client was interested in detailed product mapping with parameters such as OEM, model, engine model, laden weight, payload capacity, suspension, hydraulic tank capacity, differential liters, lubricant capacity, coolant capacity and final drive for construction vehicle.

Solution Provided:
  1. Methodology Adopted by MnM: MnM carried out this study through an extensive secondary researc....
  1. Methodology Adopted by MnM: MnM carried out this study through an extensive secondary research. Many regional off-highway associations and databases were targeted in order to fetch the data in that particular region. All the manufacturers of off-highway vehicles and engine manufacturers across the globe were identified and listed. Extensive secondary research was carried out in order to study technical specifications of every model of vehicle and engine by each manufacturer in the market.
  2. Actual Solution Provided:Through this granular study, MnM developed valuable information for client to help him understand technical aspects of the off-highway vehicles and their engines across the globe. The study was presented in excel sheet in modest way for clear understanding.

Value Delivered:

MnM’s client was able to identify and categorize vehicles and engines manufactured by competitors across the globe, and formulate its market strategy. The study also assisted client in its new product development.

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