Press release
Worldwide Off-highway Vehicle Market Insights On Growing Applications by 2025 // Key Players - Cummins Inc., Deutz AG, Kubota Corporation, J. C. Bamford Excavators Ltd., Deere and Company, Hitachi Construction Machinery Co. Ltd., AGCO Corporation, Mahindr
Increase in demand and production of off-road vehicles is projected to boost the off-highway vehicle market during the forecast period. All-terrain vehicles are a part of off-highway vehicles. Demand for all-terrain vehicles (ATVs) is increasing due to their suitability for activities such as driving and travelling in rough terrain areas. Moreover, a rise in automation and usage of machinery to ease the work of humans in various industries such as agriculture, construction, mining, and infrastructure has increased the utilization of off-road vehicles in these sectors.
The industry is demonstrating a paradigm shift toward all-electric Off-highway Vehicles, driven by the convergence of a plethora of factors that include reduction of fossil fuel dependency, recapturing energy, and ability of electric power in making vehicles more productive by leveraging efficient hybrid systems. Integration of technologies such as battery advancements, artificial intelligence (AI), combined electro-hydraulic actuators, and autonomy, will further turbocharge the abilities of electrification in Off-highway Vehicle Market.
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Key Players:
Some Prominent Key players in this market are Caterpillar Inc., Cummins Inc., Deutz AG, Kubota Corporation, J. C. Bamford Excavators Ltd., Deere and Company, Hitachi Construction Machinery Co. Ltd., AGCO Corporation, Mahindra and Mahindra Ltd., and Massey Ferguson Ltd.
The global off-highway vehicles market report exclusively focuses on its different vehicle types. On the basis of vehicle type, the market is segmented into construction vehicles, agriculture vehicles, and mining vehicles. Additionally, the regions considered in the report include North America, Europe, Asia-Pacific, and the LAMEA.
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The report analyses the market shares of leading companies, value chain analysis, and porters’ five forces analysis to provide information on the current market trends across the globe and suggests future growth opportunities.
By Vehicle Types
• Construction Vehicles
o Articulated Dump Truck
o Rigid Dump Truck
o Loader
o Crawler Dozer
o Excavater
o Asphalt Finisher
o Other
• Agricultural Vehicles
o Tractors
o Agriculture Equipment
• Commerical mining vehicles
o Underground mining vehicles
o Highwall mining vehicles
By Geography
• North America
o U.S.
o Canada
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Europe
o Western Europe
Germany
France
U.K
Italy
Spain
Rest of Western Europe
o Eastern Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
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• The Middle East & Africa
o Saudi Arabia
o Kuwait
o South Africa
o Qatar
o Rest of Middle East and Africa
Browse Related Category Reports @ https://mindaspiremarketresearch.com/categories/automotive-and-transportation/reports
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