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 (Page No. - 15)
    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 (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Increasing Population Across the Globe
                    2.4.2.2 Impact of GDP on Construction & Mining and Agriculture Equipment Sales
           2.4.3 Supply Side Analysis
                    2.4.3.1 Influence of Other Factors Such as Environmental Regulations
    2.5 Market Size Estimation
    2.6 Data Triangulation
    2.7 Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Engine Market for Off-Highway Vehicles, By Region, 2015-E
    4.2 Engine Market for Off-Highway Vehicles Growth, By Country, 2015–2020
    4.3 Construction & Mining Equipment Engine Market, By Engine Capacity & Region, 2015-E
    4.4 Construction & Mining 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 (Page No. - 39)
    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 Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Product Flow Diagram

6 Technical Overview (Page No. - 50)
    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 Engine Market for Off-Highway Vehicles, By Power Output (Page No. - 60)
    7.1 Introduction
    7.2 Construction & Mining 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 Engine Market for Off-Highway Vehicles, By Engine Capacity (Page No. - 73)
    8.1 Introduction
    8.2 Construction & Mining 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 Engine Market for Off-Highway Vehicles, By Fuel Type (Page No. - 82)
    9.1 Introduction
    9.2 Construction & Mining Equipment Engine Market, By Fuel Type
    9.3 Agriculture Tractor Engine Market, By Fuel Type

10 Engine Market for Off-Highway Vehicles, By Region (Page No. - 86)
     10.1 Introduction
     10.2 Engine Market for Off-Highway Vehicles, 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 Engine Market for Off-Highway Vehicles, By Country
                                     10.2.1.2.1 China Engine Market for Off-Highway Vehicles, By End User
                                     10.2.1.2.2 Japan Engine Market for Off-Highway Vehicles, By End User
                                     10.2.1.2.3 India Engine Market for Off-Highway Vehicles, 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 Engine Market for Off-Highway Vehicles, By Country
                                     10.2.2.2.1 U.S. Engine Market for Off-Highway Vehicles, By End User
                                     10.2.2.2.2 Canada Engine Market for Off-Highway Vehicles, By End User
                                     10.2.2.2.3 Mexico Engine Market for Off-Highway Vehicles, 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 Engine Market for Off-Highway Vehicles, By Country
                                     10.2.3.2.1 Germany Engine Market for Off-Highway Vehicles, By End User
                                     10.2.3.2.2 U.K. Engine Market for Off-Highway Vehicles, By End User
                                     10.2.3.2.3 France Engine Market for Off-Highway Vehicles, 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 Engine Market for Off-Highway Vehicles, By Country
                                     10.2.4.2.1 Brazil Engine Market for Off-Highway Vehicles, By End User
                                     10.2.4.2.2 Russia Engine Market for Off-Highway Vehicles, By End User

11 Competitive Landscape (Page No. - 108)
     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 (Page No. - 115)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.2 Caterpillar Inc.
     12.3 Cummins Inc.
     12.4 Deere & Company
     12.5 Kubota Corporation
     12.6 Deutz AG
     12.7 Scania AB
     12.8 Weichai Power Co. Ltd.
     12.9 MTU Friedrichshafen GmbH
     12.10 Volvo CE
     12.11 Yanmar Co. Ltd.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 140)
     13.1 Insights of Industry Experts
     13.2 Other Developments
     13.3 Discussion Guide
     13.4 Available Customizations
             13.4.1 Further Breakdown of Engine Market for Off-Highway Vehicles, By Other Applications
             13.4.2 Regional Analysis
             13.4.3 Model Mapping for Off-Highway Engines
             13.4.4 Off-Highway Electric Vehicles Market
     13.5 Introducing RT: Real Time Market Intelligence
     13.6 Related Report


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 & Mining Equipment Engine Market Size, By Power Output, 2013–2020 (‘000 Units)
Table 13 Construction & Mining Equipment Engine Market Size, By Power Output, 2013–2020 (USD Million)
Table 14 Construction & Mining Equipment <100 HP Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 15 Construction & Mining Equipment <100 HP Engine Market Size, By Region, 2013–2020 (USD Million)
Table 16 Construction & Mining Equipment 101-200 HP Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 17 Construction & Mining Equipment 101-200 HP Engine Market Size, By Region, 2013–2020 (USD Million)
Table 18 Construction & Mining Equipment 201-400 HP Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 19 Construction & Mining Equipment 201-400 HP Engine Market Size, By Region, 2013–2020 (USD Million)
Table 20 Construction & Mining Equipment >400 HP Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 21 Construction & Mining 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 & Mining Equipment Engine Market Size, By Capacity, 2013–2020 (‘000 Units)
Table 35 Construction & Mining Equipment Engine Market Size, Capacity, 2013–2020 (USD Million)
Table 36 Construction & Mining Equipment <5l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 37 Construction & Mining Equipment <5l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 38 Construction & Mining Equipment 5l-10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 39 Construction & Mining Equipment 5l-10l Engine Market Size, By Region, 2013–2020 (USD Million)
Table 40 Construction & Mining Equipment >10l Engine Market Size, By Region, 2013–2020 (‘000 Units)
Table 41 Construction & Mining 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 & Mining Equipment Engine Market Size, By Fuel Type, 2013–2020 (‘000 Units)
Table 51 Construction & Mining 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 Engine Market for Off-Highway Vehicles Size, By Region, 2013–2020 (‘000 Units)
Table 55 Engine Market for Off-Highway Vehicles Size, By Region, 2013–2020 (USD Million)
Table 56 Asia-Oceania: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (‘000 Units)
Table 57 Asia-Oceania: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (USD Million)
Table 58 China: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 59 China: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 60 Japan: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 61 Japan: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 62 India: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 63 India: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 64 North America: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (‘000 Units)
Table 65 North America: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (USD Million)
Table 66 U.S.: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 67 U.S.: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 68 Canada: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 69 Canada: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 70 Mexico: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 71 Mexico: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 72 Europe: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (‘000 Units)
Table 73 Europe: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (USD Million)
Table 74 Germany: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 75 Germany: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 76 U.K.: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 77 U.K.: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 78 France: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 79 France: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 80 RoW: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (‘000 Units)
Table 81 RoW: Engine Market for Off-Highway Vehicles Size, By Country, 2013–2020 (USD Million)
Table 82 Brazil: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (‘000 Units)
Table 83 Brazil: Engine Market for Off-Highway Vehicles Size, By End User, 2013–2020 (USD Million)
Table 84 Russia: Engine Market for Off-Highway Vehicles, By End User, 2013–2020 (‘000 Units)
Table 85 Russia: Engine Market for Off-Highway Vehicles 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 (62 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 & Mining Equipment Sales, 2013-2014
Figure 8 U.S. Fuel Price Comparison, 2000-2015
Figure 9 Engine Market for Off-Highway Vehicles, By Engine Capacity: Bottom-Up Approach
Figure 10 Engine Market for Off-Highway Vehicles, By Power Output: Top Down Approach
Figure 11 Asia-Oceania Projected to Be the Largest Market for Off-Highway Engines, 2015–2020
Figure 12 101-400hp Engine Segments Estimated to Dominate the Construction & Mining Equipment Engines, 2015
Figure 13 <5l Engines: Largest Share in Engine Market for Off-Highway Vehicles, 2015
Figure 14 Diesel Fuel Segment Dominates the Off-Highway Engine Market in 2015
Figure 15 China: the Largest Market for Off-Highway Vehicle Engine From 2015 to 2020 (USD Billion)
Figure 16 Asia-Oceania Estimated to Dominate the Engine Market for Off-Highway Vehicles, By Value, 2015-E
Figure 17 India: Highest Growing Engine Market for Off-Highway Vehicles From 2015 to 2020, By Value
Figure 18 Asia-Oceania to Dominate the Global Construction & Mining Equipment Engine Market, 2015
Figure 19 Construction & Mining Equipment Engine Market, By Power Output: Snapshot, 2015
Figure 20 51-80 HP Engine: Highest Market Share in Agriculture Tractor Engine Market, By Value, 2015-E
Figure 21 <5l Engine: Largest Market in the Engine Capacity Segment of Agriculture Tractor Engine, 2015-2020
Figure 22 Top 4 Countries to Account for the Maximum Share in the Engine Market for Off-Highway Vehicles Size, By Value, 2015–2020
Figure 23 Engine Market for Off-Highway Vehicles Dynamics
Figure 24 Agriculture Tractor Sales, 2012–2013
Figure 25 Global Infrastructure Investment, 2013
Figure 26 Construction Spending in Asia-Oceania, 2013 (USD Billion)
Figure 27 U.S. EPA (Environmental Protection Agency) Emission Norms for Off-Highway Engines
Figure 28 EU Emission Norms for Off-Highway Engines
Figure 29 Engine Market for Off-Highway Vehicles: Porter’s Five Forces Analysis
Figure 30 Off-Highway Engine: Product Flow Diagram
Figure 31 Pm & NOX Reduction in Off-Highway Engines, 1996–2014
Figure 32 Technology Requirements for Tier-IV/ Stage-IV Engines
Figure 33 Working of SCR System
Figure 34 Sulfur Content Limits in Diesel, 2015
Figure 35 Construction & Mining Equipment Engine Market, By Power Output, 2015–2020 (USD Million)
Figure 36 Agriculture Tractor Engine Market, By Power Output, 2015–2020 (USD Million)
Figure 37 Construction & Mining Equipment Engine Market: <5l Engine is Projected to Grow at the Highest CAGR, 2015-2020 (USD Million)
Figure 38 Agriculture Tractor Engine Market: 5l-10l Engine is Projected to Grow at the Highest CAGR From 2015 to 2020 (USD Million)
Figure 39 Construction & Mining Equipment Engine Market: Diesel Engine is Projected to Be the Largest Market, 2015-2020 (USD Million)
Figure 40 Agriculture Tractor Engine Market: Diesel Engine is Projected to Be the Largest Market From 2015 to 2020 (USD Million)
Figure 41 Engine Market for Off-Highway Vehicles Outlook, By Country (USD Million)
Figure 42 Asia-Oceania: Engine Market for Off-Highway Vehicles Snapshot
Figure 43 North America: Engine Market for Off-Highway Vehicles Snapshot
Figure 44 Companies Adopted New Product Launch as the Key Growth Strategy, 2011-2015
Figure 45 Cummins Inc. Registered the Highest Growth Rate From 2010 to 2014
Figure 46 Top Players in Off-Highway Engine Market
Figure 47 Market Evaluation Framework: New Product Launch has Been Driving the Engine Market for Off-Highway Vehicles
Figure 48 Caterpillar Inc.: Company Snapshot
Figure 49 Caterpillar Inc.: SWOT Analysis
Figure 50 Cummins Inc.: Company Snapshot
Figure 51 Cummins Inc.: SWOT Analysis
Figure 52 Deere & Company: Company Snapshot
Figure 53 Deere & Company: SWOT Analysis
Figure 54 Kubota Corp.: Company Snapshot
Figure 55 Kubota Corporation: SWOT Analysis
Figure 56 Deutz AG: Company Snapshot
Figure 57 Deutz AG: SWOT Analysis
Figure 58 Scania AB: Company Snapshot
Figure 59 Weichai Power Co. Ltd.: Company Snapshot
Figure 60 MTU : Company Snapshot
Figure 61 Volvo CE: Company Snapshot
Figure 62 Yanmar Co. Ltd.: Company Snapshot

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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