Off-highway Vehicle Engine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Off-highway Vehicle Engine Market covers analysis by Machinery (Construction, Agricultural); Fuel Type (Diesel, Gasoline, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00007173
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The demand for off-highway vehicle engines is gaining traction with the rising demand from the building and construction industry. The growing trend of nuclear families is resulting in the growth of the multi-family houses boosting the demand for off-road construction machinery. Also, increasing government assistance in mechanizing agriculture creates a favorable landscape for the key players of the off-highway vehicle engine market in the forecast period.

MARKET DYNAMICS

The global off-highway vehicle engine market is projected to witness decent growth both in terms of size and volume due to the positive outlook from the construction sector as well as the agriculture industry in developing countries. The agricultural mechanization trend and rise in commercial and residential construction projects, further fuel the growth of the off-highway vehicle engine market. On the other hand, the recovering construction industry in Europe is also expected to offer lucrative opportunities in mining and quarrying sectors for the key players during the forecast period.

MARKET SCOPE

The "Global Off-highway Vehicle Engine Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of off-highway vehicle engine market with detailed market segmentation by machinery, fuel type, and geography. The global off-highway vehicle engine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading off-highway vehicle engine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global off-highway vehicle engine market is segmented on the basis of machinery and fuel type. Based on machinery, the market is segmented as construction and agricultural. On the basis of the fuel type, the market is segmented as diesel, gasoline, and others.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global off-highway vehicle engine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The off-highway vehicle engine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting off-highway vehicle engine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the off-highway vehicle engine market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global off-highway vehicle engine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The off-highway vehicle engine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting off-highway vehicle engine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the off-highway vehicle engine market in these regions.

MARKET PLAYERS

The reports cover key developments in the off-highway vehicle engine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from off-highway vehicle engine market are anticipated to lucrative growth opportunities in the future with the rising demand for off-highway vehicle engine in the global market. Below mentioned is the list of few companies engaged in the off-highway vehicle engine market.

The report also includes the profiles of key off-highway vehicle engine companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  • AB Volvo
  • Caterpillar Inc.
  • Cummins Inc.
  • Deere & Company
  • DEUTZ AG
  • Komatsu Ltd.
  • KUBOTA Corporation
  • Mahindra & Mahindra Ltd., Mahindra Powertrain Division
  • Man SE
  • YANMAR CO., LTD.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Off-highway Vehicle Engine Market - By Machinery
1.3.2 Off-highway Vehicle Engine Market - By Fuel Type
1.3.3 Off-highway Vehicle Engine Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. OFF-HIGHWAY VEHICLE ENGINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat to Substitute
4.2.1 Threat to New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. OFF-HIGHWAY VEHICLE ENGINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. OFF-HIGHWAY VEHICLE ENGINE MARKET - GLOBAL MARKET ANALYSIS
6.1. OFF-HIGHWAY VEHICLE ENGINE - GLOBAL MARKET OVERVIEW
6.2. OFF-HIGHWAY VEHICLE ENGINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. OFF-HIGHWAY VEHICLE ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - MACHINERY
7.1. OVERVIEW
7.2. MACHINERY MARKET FORECASTS AND ANALYSIS
7.3. CONSTRUCTION
7.3.1. Overview
7.3.2. Construction Market Forecast and Analysis
7.4. AGRICULTURAL
7.4.1. Overview
7.4.2. Agricultural Market Forecast and Analysis
8. OFF-HIGHWAY VEHICLE ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
8.1. OVERVIEW
8.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. DIESEL
8.3.1. Overview
8.3.2. Diesel Market Forecast and Analysis
8.4. GASOLINE
8.4.1. Overview
8.4.2. Gasoline Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis

9. OFF-HIGHWAY VEHICLE ENGINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Off-highway Vehicle Engine Market Overview
9.1.2 North America Off-highway Vehicle Engine Market Forecasts and Analysis
9.1.3 North America Off-highway Vehicle Engine Market Forecasts and Analysis - By Machinery
9.1.4 North America Off-highway Vehicle Engine Market Forecasts and Analysis - By Fuel Type
9.1.5 North America Off-highway Vehicle Engine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Off-highway Vehicle Engine Market
9.1.5.1.1 United States Off-highway Vehicle Engine Market by Machinery
9.1.5.1.2 United States Off-highway Vehicle Engine Market by Fuel Type
9.1.5.2 Canada Off-highway Vehicle Engine Market
9.1.5.2.1 Canada Off-highway Vehicle Engine Market by Machinery
9.1.5.2.2 Canada Off-highway Vehicle Engine Market by Fuel Type
9.1.5.3 Mexico Off-highway Vehicle Engine Market
9.1.5.3.1 Mexico Off-highway Vehicle Engine Market by Machinery
9.1.5.3.2 Mexico Off-highway Vehicle Engine Market by Fuel Type
9.2. EUROPE
9.2.1 Europe Off-highway Vehicle Engine Market Overview
9.2.2 Europe Off-highway Vehicle Engine Market Forecasts and Analysis
9.2.3 Europe Off-highway Vehicle Engine Market Forecasts and Analysis - By Machinery
9.2.4 Europe Off-highway Vehicle Engine Market Forecasts and Analysis - By Fuel Type
9.2.5 Europe Off-highway Vehicle Engine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Off-highway Vehicle Engine Market
9.2.5.1.1 Germany Off-highway Vehicle Engine Market by Machinery
9.2.5.1.2 Germany Off-highway Vehicle Engine Market by Fuel Type
9.2.5.2 France Off-highway Vehicle Engine Market
9.2.5.2.1 France Off-highway Vehicle Engine Market by Machinery
9.2.5.2.2 France Off-highway Vehicle Engine Market by Fuel Type
9.2.5.3 Italy Off-highway Vehicle Engine Market
9.2.5.3.1 Italy Off-highway Vehicle Engine Market by Machinery
9.2.5.3.2 Italy Off-highway Vehicle Engine Market by Fuel Type
9.2.5.4 United Kingdom Off-highway Vehicle Engine Market
9.2.5.4.1 United Kingdom Off-highway Vehicle Engine Market by Machinery
9.2.5.4.2 United Kingdom Off-highway Vehicle Engine Market by Fuel Type
9.2.5.5 Russia Off-highway Vehicle Engine Market
9.2.5.5.1 Russia Off-highway Vehicle Engine Market by Machinery
9.2.5.5.2 Russia Off-highway Vehicle Engine Market by Fuel Type
9.2.5.6 Rest of Europe Off-highway Vehicle Engine Market
9.2.5.6.1 Rest of Europe Off-highway Vehicle Engine Market by Machinery
9.2.5.6.2 Rest of Europe Off-highway Vehicle Engine Market by Fuel Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Off-highway Vehicle Engine Market Overview
9.3.2 Asia-Pacific Off-highway Vehicle Engine Market Forecasts and Analysis
9.3.3 Asia-Pacific Off-highway Vehicle Engine Market Forecasts and Analysis - By Machinery
9.3.4 Asia-Pacific Off-highway Vehicle Engine Market Forecasts and Analysis - By Fuel Type
9.3.5 Asia-Pacific Off-highway Vehicle Engine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Off-highway Vehicle Engine Market
9.3.5.1.1 Australia Off-highway Vehicle Engine Market by Machinery
9.3.5.1.2 Australia Off-highway Vehicle Engine Market by Fuel Type
9.3.5.2 China Off-highway Vehicle Engine Market
9.3.5.2.1 China Off-highway Vehicle Engine Market by Machinery
9.3.5.2.2 China Off-highway Vehicle Engine Market by Fuel Type
9.3.5.3 India Off-highway Vehicle Engine Market
9.3.5.3.1 India Off-highway Vehicle Engine Market by Machinery
9.3.5.3.2 India Off-highway Vehicle Engine Market by Fuel Type
9.3.5.4 Japan Off-highway Vehicle Engine Market
9.3.5.4.1 Japan Off-highway Vehicle Engine Market by Machinery
9.3.5.4.2 Japan Off-highway Vehicle Engine Market by Fuel Type
9.3.5.5 South Korea Off-highway Vehicle Engine Market
9.3.5.5.1 South Korea Off-highway Vehicle Engine Market by Machinery
9.3.5.5.2 South Korea Off-highway Vehicle Engine Market by Fuel Type
9.3.5.6 Rest of Asia-Pacific Off-highway Vehicle Engine Market
9.3.5.6.1 Rest of Asia-Pacific Off-highway Vehicle Engine Market by Machinery
9.3.5.6.2 Rest of Asia-Pacific Off-highway Vehicle Engine Market by Fuel Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Off-highway Vehicle Engine Market Overview
9.4.2 Middle East and Africa Off-highway Vehicle Engine Market Forecasts and Analysis
9.4.3 Middle East and Africa Off-highway Vehicle Engine Market Forecasts and Analysis - By Machinery
9.4.4 Middle East and Africa Off-highway Vehicle Engine Market Forecasts and Analysis - By Fuel Type
9.4.5 Middle East and Africa Off-highway Vehicle Engine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Off-highway Vehicle Engine Market
9.4.5.1.1 South Africa Off-highway Vehicle Engine Market by Machinery
9.4.5.1.2 South Africa Off-highway Vehicle Engine Market by Fuel Type
9.4.5.2 Saudi Arabia Off-highway Vehicle Engine Market
9.4.5.2.1 Saudi Arabia Off-highway Vehicle Engine Market by Machinery
9.4.5.2.2 Saudi Arabia Off-highway Vehicle Engine Market by Fuel Type
9.4.5.3 U.A.E Off-highway Vehicle Engine Market
9.4.5.3.1 U.A.E Off-highway Vehicle Engine Market by Machinery
9.4.5.3.2 U.A.E Off-highway Vehicle Engine Market by Fuel Type
9.4.5.4 Rest of Middle East and Africa Off-highway Vehicle Engine Market
9.4.5.4.1 Rest of Middle East and Africa Off-highway Vehicle Engine Market by Machinery
9.4.5.4.2 Rest of Middle East and Africa Off-highway Vehicle Engine Market by Fuel Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Off-highway Vehicle Engine Market Overview
9.5.2 South and Central America Off-highway Vehicle Engine Market Forecasts and Analysis
9.5.3 South and Central America Off-highway Vehicle Engine Market Forecasts and Analysis - By Machinery
9.5.4 South and Central America Off-highway Vehicle Engine Market Forecasts and Analysis - By Fuel Type
9.5.5 South and Central America Off-highway Vehicle Engine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Off-highway Vehicle Engine Market
9.5.5.1.1 Brazil Off-highway Vehicle Engine Market by Machinery
9.5.5.1.2 Brazil Off-highway Vehicle Engine Market by Fuel Type
9.5.5.2 Argentina Off-highway Vehicle Engine Market
9.5.5.2.1 Argentina Off-highway Vehicle Engine Market by Machinery
9.5.5.2.2 Argentina Off-highway Vehicle Engine Market by Fuel Type
9.5.5.3 Rest of South and Central America Off-highway Vehicle Engine Market
9.5.5.3.1 Rest of South and Central America Off-highway Vehicle Engine Market by Machinery
9.5.5.3.2 Rest of South and Central America Off-highway Vehicle Engine Market by Fuel Type

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. OFF-HIGHWAY VEHICLE ENGINE MARKET, KEY COMPANY PROFILES
11.1. AB VOLVO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CATERPILLAR INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CUMMINS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEERE AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DEUTZ AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KOMATSU LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KUBOTA CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MAHINDRA AND MAHINDRA LTD., MAHINDRA POWERTRAIN DIVISION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MAN SE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YANMAR CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.AB Volvo
2.Caterpillar Inc.
3.Cummins Inc.
4.Deere and Company
5.DEUTZ AG
6.Komatsu Ltd.
7.KUBOTA Corporation
8.Mahindra and Mahindra Ltd., Mahindra Powertrain Division
9.Man SE
10.YANMAR CO., LTD.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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