Global Off-Highway Vehicle Engines Market, 2023-2030

The potential for market expansion is being ensured by the development of alternative efficient and clean fuels, less-polluting engines. At warehouses and inventories, there are more industrial trucks and material handling equipment works on engine. This has additionally aided in raising productivity and guaranteeing employee safety. Over the forecast period, the market for off-highway vehicle engines is expected to grow due to the clear expansion of material handling equipment.

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Report Summary

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• The potential for market expansion is being ensured by the development of alternative efficient and clean fuels, less-polluting engines. At warehouses and inventories, there are more industrial trucks and material handling equipment works on engine. This has additionally aided in raising productivity and guaranteeing employee safety. Over the forecast period, the market for off-highway vehicle engines is expected to grow due to the clear expansion of material handling equipment.
• Machinery using off-highway engines is significantly expensive and involves high capital investments. Starting from the production phase to owning and maintaining, this equipment is price-consuming. Over the years changing environmental norms and continuous technological developments like the use of IoT have contributed to increasing the end product cost. This has been a factor of concern for the off-highway engine market as increasing end product cost affects the minimum selling price of the end product resulting in a decline in equipment sales.
• Increase in demand and production of off-road vehicles is projected to boost the off-highway engine market during the forecast period. Demand for all-terrain vehicles (ATVs) is increasing due to their suitability for activities such as trekking and travelling in the exploration area. Moreover, a rise in automation in various industries such as agriculture, construction, mining, infrastructure and others has increased the use of off-road vehicles in these sectors.

• Small farm equipment like compact tractors, tillers, lawn movers, ATVs, UTVs, and other various equipment use this category of engines. East Asia, South East Asia, Oceania, and Africa are the regions where agriculture, construction, maritime trade, and power generation equipment lay the immense opportunity. The engine of more than 250 HP is the dominating engine in the segment.
• Owing to their widespread application and easy availability, these engines have had immense growth shortly with a valuation of US$ xx billion during the assessment period.

• Despite volatile growth in the real estate sector, significant development of rail & road infrastructure by the countries across Asia-pacific region in order to withstand the demand stemming from the growing industrial and service sectors has resulted in a significant growth of construction industry in the recent years. These rising infrastructural activities elevated the necessity of off-highway vehicles and such demand for their engines picked up momentum simultaneously.
• Additionally, with the increasing investments in public infrastructure, renewable energy, infrastructure, and commercial projects, the off-highway vehicle engines segment is expected to record growth at a moderate pace over the next five years, thereby improving both consumer and investor confidence.

 

Table of Content

1.    Report Scope

1.1. Market Segmentation and scope

1.2. Regional Scope

1.3. Estimates and forecast timeline

2.     Market Research Methodology

2.1. Research methodology and design

2.2. Sample selection

2.3. Reliability and validity

3.    Executive Summary

4.    Market Analysis

4.1. Market size and growth rates

4.2. Market growth drivers, market dynamics and trends

4.3. Market scenarios and opportunity forecasts

4.4. Market constraints and challenges

4.5. Industry value chain analysis

4.6. Industry analysis – Porter’s

4.6.1.  Threat of new entrants

4.6.2.  Bargaining power of suppliers

4.6.3.  Bargaining power of buyers

4.6.4.  Threat of substitutes

4.6.5.  Competitive rivalry

4.7. PEST analysis

4.7.1.  Political/legal landscape

4.7.2.  Economic landscape

4.7.3.  Social landscape

4.7.4.  Technological landscape

5.     Market Breakdown – by Engine Capacity

5.1. Introduction

5.2. < 4 L

5.3. 4 L – 10 L

5.4. 10 L- 16 L

5.5. 16 L – 22 L

5.6. Above 22 L

6.     Market Breakdown – by Power Output

6.1. Introduction

6.2. < 50 HP

6.3. 5 HP – 100 HP

6.4. 100 HP – 200 HP

6.5. 200 HP – 300 HP

6.6. Above 300 HP

7.     Market Breakdown – by Fuel Type

7.1. Introduction

7.2. Gasoline

7.3. Diesel

7.4. Others

8.     Market Breakdown – by Application

8.1. Introduction

8.2. Agriculture

8.3. Construction

8.4. Mining

8.5. Transportation & Logistics

8.6. Others

9.      Market Breakdown – by Geography

9.1.North America

9.1.1.  North America Off-Highway Vehicle Engines Market, 2023-2030

9.1.2.  North America Off-Highway Vehicle Engines Market, by Engine Capacity

9.1.3.  North America Off-Highway Vehicle Engines Market, by Power Output

9.1.4.  North America Off-Highway Vehicle Engines Market, by Fuel Type

9.1.5.  North America Off-Highway Vehicle Engines Market, by Application

9.1.6.  North America Off-Highway Vehicle Engines Market, by Country

9.1.6.1.      U.S.

9.1.6.2.      Canada

9.1.6.3.      Mexico

9.2. South America

9.2.1.  South America Off-Highway Vehicle Engines Market, 2023-2030

9.2.2.  South America Off-Highway Vehicle Engines Market, by Engine Capacity

9.2.3.  South America Off-Highway Vehicle Engines Market, by Power Output

9.2.4.  South America Off-Highway Vehicle Engines Market, by Fuel Type

9.2.5.  South America Off-Highway Vehicle Engines Market, by Application

9.2.6.  South America Off-Highway Vehicle Engines Market, by Country

9.2.6.1.      Brazil

9.2.6.2.      Argentina

9.2.6.3.      Others

9.3. Europe

9.3.1.  Europe Off-Highway Vehicle Engines Market, 2023-2030

9.3.2.  Europe Off-Highway Vehicle Engines Market, by Engine Capacity

9.3.3.  Europe Off-Highway Vehicle Engines Market, by Power Output

9.3.4.  Europe Off-Highway Vehicle Engines Market, by Fuel Type

9.3.5.  Europe Off-Highway Vehicle Engines Market, by Application

9.3.6.  Europe Off-Highway Vehicle Engines Market, by Country

9.3.6.1.      Germany

9.3.6.2.      France

9.3.6.3.      U.K.

9.3.6.4.      Russia

9.3.6.5.      Italy

9.3.6.6.      Spain

9.3.6.7.      Sweden

9.3.6.8.      Belgium

9.3.6.9.      Denmark

9.3.6.10.  Netherlands

9.3.6.11.  Norway

9.3.6.12.  Others

9.4. Asia-Pacific

9.4.1.  APAC Off-Highway Vehicle Engines Market, 2023-2030

9.4.2.  APAC Off-Highway Vehicle Engines Market, by Engine Capacity

9.4.3.  APAC Off-Highway Vehicle Engines Market, by Power Output

9.4.4.  APAC Off-Highway Vehicle Engines Market, by Fuel Type

9.4.5.  APAC Off-Highway Vehicle Engines Market, by Application

9.4.6.  APAC Off-Highway Vehicle Engines Market, by Country

9.4.6.1.      China

9.4.6.2.      India

9.4.6.3.      Japan

9.4.6.4.      South Korea

9.4.6.5.      Singapore

9.4.6.6.      Australia

9.4.6.7.      Indonesia

9.4.6.8.      Malaysia

9.4.6.9.      Others

9.5.Middle East & Africa

9.5.1.  MEA Off-Highway Vehicle Engines Market, 2023-2030

9.5.2.  MEA Off-Highway Vehicle Engines Market, by Engine Capacity

9.5.3.  MEA Off-Highway Vehicle Engines Market, by Power Output

9.5.4.  MEA Off-Highway Vehicle Engines Market, by Fuel Type

9.5.5.  MEA Off-Highway Vehicle Engines Market, by Application

9.5.6.  MEA Off-Highway Vehicle Engines Market, by Country

9.5.6.1.      Saudi Arabia

9.5.6.2.      UAE

9.5.6.3.      Kuwait

9.5.6.4.      South Africa

9.5.6.5.      Qatar

9.5.6.6.      Israel

9.5.6.7.      Others

10.  Competitive Landscape

10.1.               Company Market Positioning

10.2.               Company Geographical Presence Analysis

10.3.               Market Revenue Share Analysis (%), by Leading Players

11.  Company Profiles

·          Company Overview

·          Financial Performance

·          Product Benchmarking

·          Recent Developments

11.1.              mtu (Rolls-Royce)

11.2.              Cummins

11.3.              Caterpillar Inc.

11.4.              Yanmar Co., Ltd

11.5.              Fiat Powertrain Technologies (FPT)

11.6.              Doosan Infracore

11.7.              Deutz AG

11.8.              Kubota Corporation

11.9.              J. C. Bamford Excavators Ltd.

11.10.          Deere and Company

11.11.          AGCO Corporation

11.12.          Mahindra and Mahindra Ltd.

11.13.          Kohler Co.

11.14.          Scania AB

11.15.          Volvo Penta

11.16.          Detroit

11.17.          Perkins

 

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