Off-Highway Engine Market 2018 Leading Manufacturer Analysis: Caterpillar, Cummins, Deutz, Kubota, Volvo, Mahindra and Mahindra, Deere & Company, J.C. Bamford Excavators, AGCO, and Massey Ferguson

Off-Highway Engine Market Analysis Research Report 2018 – Global Industry Forecast to 2023, Global Off-Highway Engine is to grow at compound annual growth rate of 9% during forecast period of 2018 to 2023. Report provides comprehensive information on Off-Highway Engine Market Size, Share, Growth statistics, And Key Country Analysis with historical and forecasted data to 2023.

Global Off-Highway Engine Industry is segmented into by Power Output (30-100 HP, 100-400 HP, Above 400 HP), by Engine Capacity (10 Liter), by Fuel Type (Diesel, Gasoline & Others) and by Region.

Key Company in Off-Highway Engine Global Market Analyzed Are:

Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), Kubota Corporation (Japan), Volvo Group (Sweden), and Mahindra and Mahindra Limited (India). Deere & Company (U.S.), J.C. Bamford Excavators Limited (U.K.), AGCO Corporation (U.S.), and Massey Ferguson Limited (U.S.) are among others.

Get Sample Copy Of “Global Off-Highway Engine Market Research Report - Forecast to 2023” At: https://www.marketresearchfuture.com/sample_request/5964

Off-Highway Engine Market Highlights:

Automotive off-highway engine refers to the engine of specialty vehicles manufactured according to the requirement in fields such as agriculture, construction, and oil refineries. Often, these specialty vehicles are custom made according to the requirement of the niche operation, for which the vehicle is to be used. Some of the types of specialty vehicles include Tractor, Unimog, Plow, Trailed sprayer, Round baler, Backhoe loader, Tree Trimmer excavators and mining trucks. Based on the parameters such as the power and load requirement of the operation, these off-highway automotive engines are designed.

Also, it is integral to adhere to the strict emission norms implemented by the government during the production of these vehicles. Specialty vehicles perceive a huge demand across the off-highway sector. And, the engine being one of the most integral parts in any automotive, these specialty engines perceive an augmented demand worldwide, which in turn, drives the automotive off-highway engine market, globally.

Acknowledging the kind of accruals, the market is gaining currently, Market Research Future (MRFR) has recently published a study report giving out the complete market insight up to 2023. In its study report, MRFR asserts that the global automotive off-highway engine market will garner an exponential value by 2023 registering a CAGR of approx.9% between 2017 and 2023.

Ever-increasing population along with the rapid urbanization leads to the increasing demand for automation and mass scale production, prompting the demand for food and energy that is going to hike up significantly in the nearing future. Additional factors substantiating the market growth include; burgeoning agriculture and O&G sectors and a range of advantages that these off-highway vehicles can offer. For instance; using the advanced machinery and vehicles ensures greater yield, production at a much-reduced time consumption and labor cost leading to a decrease in the production cost in any field of operation.

Market Segmentation:

Based on power output, the 30-400 HP range off-highway engines are usually preferred in the agricultural field. Due to the large-scale agricultural activities all over the globe involving automation technology, this segment has a high demand. The engines above 400 HP are generally preferred in the construction industry. The construction activities globally have been consistent, especially in the developing countries. Thus, a large demand for the high-powered off engine trucks has been witnessed for activities such as raw material carrying, and mortar mixing.

Based on engine capacity, the maximum demand is for below 5-liter capacity. These vehicles are used mainly in a variety of applications such as road construction, agriculture and long-distance transportation and are easily maneuverable due to their small size.

Based on Fuel Types: Diesel and Gasoline among others.

Based on Regions: North America, Europe, APAC and Rest-of-the-World.

Regional Analysis:

The Asia Pacific accounts for the leading market for the automotive off-highway engine, capturing the largest market share of the global market. With the rapid expansion in the automotive industry in the developing nations such as China, India, and Japan, the OEM’s have been focusing on developing technologically advanced and powerful engines to gain high torque and performance.

Furthermore, the presence of long-established original equipment manufacturers provides impetus to the growth of the market in the region, providing the strong base for the robust development. Japan, being the automation research hub of Asia, leads the innovation in the market. Rising automation in agriculture and construction sectors in developing economies such as India and China are substantiating the demand for high powered off-highway engines.

LIST OF TABLES

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued...

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This release was published on openPR.