Press release
Global Off-road Engines Market Projected to Reach 21500 Million US$ by 2025
In terms of production side, this report researches the Off-road Engines capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Off-road Engines by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
The Off-road Engines category consists of compression-ignition engines (i.e. diesel engines) that are found in a wide variety of off-road applications such as agricultural, construction, and industrial, etc.
In the coming years there is an increasing demand for Off-road Engines in the regions of North America and Europe that is expected to drive the market for more advanced Off-road Engines. Growth in government budgets in the principal countries, increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agricultural machinery, retrofitting and renovation of old technology, increasing adoption of Off-road Engines will drive growth in North America and Europe markets.
Globally, the Off-road Engines industry market is low concentrated as the manufacturing technology of Off-road Engines is relatively matures than some high-tech equipment. And some enterprises, like Cummins, Caterpillar, MAN, etc. are well-known for the wonderful performance of their Off-road Engines and related services. At the same time, Europe, occupied 26.72% revenue market share in 2015, is remarkable in the global Off-road Engines industry because of their market share and technology status of Off-road Engines.
The consumption volume of Off-road Engines is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Off-road Engines industry may not keep that fast. But it is surely forecasted that the market of Off-road Engines is still promising.
The Off-road Engines market was valued at 20800 Million US$ in 2017 and is projected to reach 21500 Million US$ by 2025, at a CAGR of 0.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Off-road Engines.
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This report includes the following manufacturers; we can also add the other companies as you want.
Cummins
Caterpillar
MAN
Yuchai
Kubota
Volvo Penta
FPT
Deutz
Yanmar
Deere
Weichai Power
Kunming Yunnei Power
Mitsubishi Heavy Industries Engine & Turbocharger
Lombardini
Isuzu
Quanchai
Market Segment by Product Type
Single-cylinder Engines
Multi-cylinder Engines
Market Segment by Application
Agricultural Machinery
Construction Machinery
Generator
Others
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