Press release
Global off highway vehicle engine market is estimated to grow over the forecast period, key players are Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Kubota Corporation, Yanmar Co. Ltd., Quanchai
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Market Dynamics
The growing construction industry coupled with the population growth, rapid urbanization, increased per capita income, and participation from the larger private sector in infrastructure projects such as housing, power projects, road construction, and airports will result in the growth of the engine market for construction equipment. The use of agricultural machinery to improve the efficiency and productivity of the farms and government initiatives to promote mechanization has further triggered the market growth. These all factors are expected to contribute in the development of healthy environment for engine manufacturers for construction and agriculture applications.
Restraints
The major restraints for engine manufacturers includes the high manufacturing, operating, and maintenance cost of off-highway vehicle engines and complying with the stringent emission norms.
Market Segmentation
The various market segments can be derived on the basis of capacity, fuel type and power output.
On the Basis of Capacity:
10L
On the Basis of Fuel Type:
Diesel
Gasoline
Others
On the Basis of Power Output (HP):
A. Construction:
400
B. Agriculture:
140
Regional/Geographic Analysis
On the basis of geography, the market can be segmented into North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Columbia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
The Asia-Oceania region is estimated to dominate the market and this growth can be attributed to the progress in the socio-economic conditions by the emerging countries such as China, India, Indonesia, and Thailand. The large population in countries such as China and India has resulted in increased number of government projects such as airports, sewer systems, and renewable energy. North America, the second largest market for off-highway vehicles, is also expected to do well, led by Mexico and United States. These regions have large-sized farms which necessitates the use of agriculture equipment. The agricultural machinery market is also poised to grow considerably in the Asia-Pacific region and countries like Vietnam, Philippines, India and China will be the main drivers of the market.
Key Players
Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Kubota Corporation, Hitachi Construction Machinery Co. Ltd., Scania AB, Volvo CE, Weichai Power Co. Ltd., Yanmar Co. Ltd., Quanchai
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Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Name: David
Email: sales@kennethresearch.com
Phone: +1 313 462 0609
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