Engine Market

Engine Market for Off-Highway Vehicle worth 38.9 Billion USD by 2020

The report "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", is projected to grow at a CAGR of 7.65% from 2015 to 2020, to reach a market size of USD 38.9 Billion by 2020. Factors such as globalization, urbanization as a result of industrialization, increased spending on infrastructure development, and ever-increasing population are the biggest trends that shape construction and agriculture industry around the globe.

                 Request Sample                 Request Sample

Browse 88 market tables and 62 figures spread through 146 pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.

Growth in infrastructure activities: Key driver Construction Engines

The construction industry across the globe has grown significantly since past few years. In its 2015 budget, the Chinese government increased its expenditure for the infrastructure development by 4.4% over previous year, while according to the U.S. Census Bureau, private construction spending reached around USD 687 Billion in 2014. In Asia-Oceania, the Chinese infrastructure investments reached USD 1.8 Trillion in 2013, making it the largest construction market in 2013. In 2015, China authorized its policy banks to issue new infrastructure bonds worth USD 48 Billion. The money is slated to be used in housing, pipeline infrastructure, and other domestic projects. Indonesia has shown promising growth since past couple of years and became the fourth largest construction market in Asia with USD 267 Billion construction spending in 2013. This growth can be coupled with the population growth, rapid urbanization, increased per capita income, and participation from the larger private sector in infrastructure projects. As a collective effect of the points mentioned above, there is an estimated growth in infrastructure activities around the globe, thus, resulting in the growth of the engine market for construction equipment.

Agriculture Mechanization: The rising trend

The use of agricultural machinery to improve the efficiency and productivity of the farms has gained a lot of attention in last few years. With time, the agricultural activities are becoming more mechanized around the world. Developed regions such as Europe and North America have large-sized farms, where the use of agriculture equipment becomes a necessity. In Asia-Oceania, increased awareness over the use of agricultural equipment and government initiatives to promote mechanization has triggered the market for agriculture equipment in the region.

These all factors have contributed in the development of healthy environment for engine manufacturers for construction and agriculture applications.

The report covers all the major players in the global off-highway vehicle engine market that includes companies such as Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deere and Company (U.S.), Deutz AG (Germany), and Kubota Corporation (Japan) among others.

The report covers the off-highway vehicle engine market, in terms of volume (‘000 units) and value (USD Million). It explains the qualitative and quantitative aspects of the off-highway vehicle engine market on the basis of region, power output, engine capacity, end-use industry, and fuel type from 2015 to 2020.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

Engine Market Size,  Share & Growth Report
Report Code
AT 3987
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Engine Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets