Sale

Off-Highway Vehicle Engine Market

Global Off-Highway Vehicle Engine Market Share, Report, Analysis, Outlook, Forecast: By Power Output: Construction Machinery, Agriculture Machinery; By Fuel Type: Diesel, Gasoline, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand and Price; Competitive Landscape; 2024-2032

Global Off-Highway Vehicle Engine Market Outlook

The global off-highway vehicle engine market size is expected to grow at a CAGR of 7.30% between 2024 and 2032. The major market drivers include increasing demand for off-highway vehicles, and thriving construction and agricultural sectors.

 

Key Trends in the Market

An off-highway vehicle engine is a vehicle engine that can be used to power off-highway vehicles that are designed to traverse uneven and steep grounds such as those in construction or agricultural settings. They require more power than a regular engine vehicle and are typically powered by diesel or gasoline.

 

Global Off-Highway Vehicle Engine Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Growth in infrastructure activities and rapid urbanisation in both residential as well as non-residential sectors along with industrial sector has boosted the demand for construction machinery, thereby fuelling the growth of the off-highway vehicle engine market. Due to the uneven terrain encountered, off-highway vehicles are commonly used in these sectors.
  • Increasing agricultural activities to meet rising food demands for growing populations and surging adoption of agricultural machinery equipment supported by various governments are bolstering the demand for robust off-highway vehicle engines.
  • Rising research and development activities are aimed at developing sophisticated off-highway vehicle engine machinery. These activities are expected to contribute towards decrease in the production costs and thereby increase the overall productivity.

 

Market Analysis

Based on power output, the market is bifurcated into construction machinery and agriculture machinery. Construction machinery is further divided by type into up to 100 HP, 100-120 HP, 200-400 HP, and 400+ HP. Meanwhile, agriculture machinery is sub-divided by type into up to 30 HP, 30-50 HP, 50-70 HP, and 70+ HP. By fuel type, the market is segmented into diesel, and gasoline, among others. On the basis of region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Off-Highway Vehicle Engine Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global off-highway vehicle engine market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Yanmar Holdings Co., Ltd.
  • Cummins Inc
  • Deutz AG
  • Komatsu America Corp.
  • Volvo Group
  • Others

 

Market Share by Fuel Type

Diesel is expected to account for a sizable share of the off-highway vehicle engine market owing to advantages associated with its utilisation such as easy refuelling and powerful performance. It is a high-power density fuel which is witnessing increasing demands from such vehicles and the low cost of diesel has further boosted its demand in the market. Advanced capabilities of diesel engines to convert fuel energy to mechanical energy as compared to gasoline engines is further propelling the growth of the market.

 

Global Off-Highway Vehicle Engine Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Share by Region

The Asia Pacific is anticipated to witness significant growth in the off-highway vehicle engine market over the coming years, supported by increasing construction and agricultural activities in countries in the region. In countries such as China and India, the large populations are increasing the demand for agricultural output, leading to increased adoption of agricultural machinery, including off-highway vehicle engines. Growing demand for heavy-duty off-highway vehicles in agriculture and increasing investments towards infrastructure development are expected to aid the market growth of off-highway vehicle engines in the Asia Pacific.

 

Competitive Landscape

Yanmar Holdings Co. Ltd. is an agricultural machinery company that manufactures and markets diesel engines, agricultural machinery, and heavy machinery. Headquartered in Osaka, Japan, and founded in 1912, the company produces construction machinery and other mechanical products as well.

 

Cummins Inc. was established in 1919 and is headquartered in Indiana in the United States. A multinational company, Cummins designs, manufactures, and supplies filtration products, hybrid engines, and engine products as well as designing power generation products and components.

 

Deutz AG was founded in 1864 and is based in Cologne, Germany. A motor and generator company, Deutz AG manufactures internal combustion engines, gas and electric drivetrains, and diesel-powered products that are of high quality and environment friendly.

 

Other market players include Komatsu America Corp., and Volvo Group, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Power Output
  • Fuel Type
  • Region
Breakup by Power Output
  • Construction Machinery
  • Agriculture Machinery
Breakup by Fuel Type
  • Diesel
  • Gasoline
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Yanmar Holdings Co., Ltd.
  • Cummins Inc
  • Deutz AG
  • Komatsu America Corp.
  • Volvo Group
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Off-Highway Vehicle Engine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Off-Highway Vehicle Engine Historical Market (2018-2023)
    8.3    Global Off-Highway Vehicle Engine Market Forecast (2024-2032)
    8.4    Global Off-Highway Vehicle Engine Market by Power Output
        8.4.1    Construction Machinery 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
            8.4.1.4    Break up by Type
                8.4.1.4.1    Up To 100 HP
                8.4.1.4.2    100-120 HP
                8.4.1.4.3    200-400 HP
                8.4.1.4.4    400+ HP
        8.4.2    Agriculture Machinery 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            8.4.2.4    Break up by Type
                8.4.2.4.1    Up To 30 HP
                8.4.2.4.2    30-50 HP
                8.4.2.4.3    50-70 HP
                8.4.2.4.4    70+ HP
    8.5    Global Off-Highway Vehicle Engine Market by Fuel Type
        8.5.1    Diesel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Gasoline
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Global Off-Highway Vehicle Engine Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023)
            8.6.5.3    Forecast Trend (2024-2032)
9    North America Off-Highway Vehicle Engine Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
10    Europe Off-Highway Vehicle Engine Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023)
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023)
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Off-Highway Vehicle Engine Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023)
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023)
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023)
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Off-Highway Vehicle Engine Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023)
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023)
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023)
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Off-Highway Vehicle Engine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023)
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023)
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023)
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023)
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Yanmar Holdings Co., Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Cummins Inc
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Deutz AG
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Komatsu America Corp.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Volvo Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Off-Highway Vehicle Engine Market: Key Industry Highlights, 2018 and 2032
2.    Global Off-Highway Vehicle Engine Historical Market: Breakup by Power Output (USD Million), 2018-2023
3.    Global Off-Highway Vehicle Engine Market Forecast: Breakup by Power Output (USD Million), 2024-2032
4.    Global Off-Highway Vehicle Engine Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
5.    Global Off-Highway Vehicle Engine Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
6.    Global Off-Highway Vehicle Engine Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Off-Highway Vehicle Engine Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Off-Highway Vehicle Engine Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Off-Highway Vehicle Engine Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Off-Highway Vehicle Engine Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Off-Highway Vehicle Engine Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Off-Highway Vehicle Engine Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Off-Highway Vehicle Engine Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Off-Highway Vehicle Engine Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Off-Highway Vehicle Engine Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Off-Highway Vehicle Engine Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Off-Highway Vehicle Engine Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Off-Highway Vehicle Engine Market Structure

Key Questions Answered in the Report

The market is expected to grow at a CAGR of 7.30% between 2024 and 2032.

The major market drivers include increasing demand for off-highway vehicles, thriving construction sector, and rising mechanisation in agriculture.

The key trends of the market include technological advancements, rising infrastructural development, and growing investments in research and development by market players.

Off-highway vehicle engines are engines manufactured for vehicles that are to be used on steep or uneven ground.

The primary power outputs in the market for off-highway vehicle engines are construction machinery and agriculture machinery.

The different regions in the market for off-highway vehicle engines are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant fuel types of off-highway vehicle engines in the market are diesel, and gasoline, among others.

The key players in the off-highway vehicle engine market, according to the report, are Yanmar Holdings Co., Ltd., Cummins Inc, Deutz AG, Komatsu America Corp., and Volvo Group, among others.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER