Engine Market

Engine Market for Off-highway Vehicles by Power (Construction- <200hp, 201hp-400hp, >401hp; Agriculture-below 40hp, 41hp-100hp, 101hp-200hp, >201hp); Displacement (<5L, 5L-10L, 10L-15L, >15L), Vehicle Segment and Region - Trends and Forecast to 2020

Report Code: UC 1370 Sep, 2020, by marketsandmarkets.com
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An off-highway vehicle is essentially any kind of vehicle which is designed to be not used on a highway and is capable of cross-country travel on land, snow, swamps, gravel etc.. The report segments off-highway vehicles mainly used in construction and agriculture sector. The kinds of off-highway vehicles used in these sectors are tractors, excavators, loaders, dozers, dump trucks, tippers, graders, pavers, drills, scrapers, and motor graders. These vehicles are used in a wide range of activities like ground preparation, excavation, dumping/laying, material handling, road construction, cultivating, and plowing.

The upsurge in global economic activity and the ever increasing population directly leads to rising demand in agriculture production, construction, mining etc. The emerging economies like China and India that are also the two most populous countries of the world provide a huge potential for the market of off-highway vehicles and their engines. Not to forget is the Middle East region, which has risen as a hub for construction and infrastructure activities. There is also a potential market for equipment which can be used in smaller tractors and vehicles due to demand from countries whose agriculture is majorly characterized by small landholdings and have small farm operations. The opportunities in the market of off-highway vehicles and their engines are growing and to harp on these opportunities the manufacturers have to come up with innovations that can cut the cost and provide excellence and efficiency in functionality. Besides this, since the markets in the emerging economies are the hotspot right now, there is expected to be competition among various manufacturers and exporters. Price can be an important criteria to stand out because of the price sensitive nature of such economies. In addition, implementation of strict emission norms for off-highway vehicles, have fuelled the R&D investments in this industry. With such an upsurge in the market for off-highway vehicles, the market for their engine can also expect a boom. This report analyses the off-highway vehicle engine market by dividing it into various segments like power output, displacement, end user that is construction and agriculture and region.

This report classifies and defines the off-highway vehicle engine market size, in terms of volume and value. It provides a comprehensive analysis and insights (both, qualitative and quantitative) into off-highway vehicle engine market while highlighting the potential growth opportunities in the coming years and reviews the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to off highway vehicle engine products. The report also covers who supplies whom data for all the key market players and the product life cycle for each off highway vehicle engine type.

This report segments the off highway vehicle engine market

  • By Region
    • North America
    • Asia-Oceania
    • Europe
    • ROW
  • By Power Output
    • CONSTRUCTION ENGINE
      • Below 200 HP
      • 201 HP to 400HP
      • 401 HP and above
    • AGRICULTURE ENGINE
      • Below 40 HP
      • 41 HP to 100 HP
      • 101 HP to 200HP
      • 201 HP and above
  • By Displacement
    • Below 5L
    • 5L to 10 L
    • 10 L to 15L
    • 15L and above
  • By User Segment
    • Construction
    • Agriculture

The key players in the off highway vehicle engine market have also been identified and profiled.

Target Audience

  • Off-highway vehicle manufacturers
  •  Off-highway vehicle engine manufacturers
  • Component suppliers
  • Equipment service providers
  • Government and research organizations
  • Consulting companies of automotive sector

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Report Code
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