openPR Logo
Press release

Off-Road Equipment Market Size Reach at USD 523 billion by 2028 | Caterpillar Inc, Kubota Corporation, CNH Industrial N.V.

Off-Road Equipment Market

Off-Road Equipment Market

Market Overview

The off-road equipment market is projected to reach USD 523 billion and at a CAGR of 4 % by 2021-2028 during the forecast period.

The consumers who operate off-road vehicles include off-road equipment carrying their tasks on and above ground. The off-road vehicles come in a wide range of styles, including big mining trucks, farm equipment and more. The main factor driving market expansion is the regulations governing large machinery. The market is increasing its engine efficiency and emission standards. The demand for goods and services is also growing as industrialization continues to rise in various regions. The market is additionally boosted by several growth factors, including labor costs and a demand for zero-emission equipment. The market has marginally slowed down due to covid-19.

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/7767

Several experts acquire a deeper understanding of the off-road equipment market and business performance combined with quantitative and qualitative factors. The report provides an accurate overview of the current situation, including market size in volume and value, technical development, and market governing factors. The research provides detailed information on the various market sectors, geographical areas, and business strategies.

Key Players

Caterpillar Inc. (US)
Kubota Corporation (Japan)
CNH Industrial N.V. (US)
Hitachi Construction Machinery (Japan)
Deere & Company (US)
Komatsu Ltd (Japan)
Sandvik AB (Sweden)
The Liebherr Group (Germany)
Blount International Inc. (US)
Doosan Infracore (South Korea)
Market Segments

The off-road equipment market is divided into three segments: machinery type and end-use industry.

Based on the machinery type, the off-road equipment market is divided into loaders and excavators, minerals and metals mining, farm tractors, forwarders and harvesters, fertilizing equipment and planting. In the forecast period, the excavators and loader types are predicted to have higher growth in the global market.

Based on the end-use industry, the off-road equipment market is divided into agriculture, mining, construction, and forestry segments. In the forecast period, the construction type is predicted to lead the global market in terms of volume and value.

Request For Customization @ https://www.marketresearchfuture.com/ask_for_customize/7767

Regional Analysis

The geographical distribution analysis shows immense growth in North America, Asia-pacific, Europe and the rest of the globe.

The Asia-pacific region is the dominating region for the off-road equipment market. The expansion of production facilities and the increased labor cost raises the need for machinery. Asia-pacific is predicted to have a large market share over the forecast period. At the same time, the rest of the region is predicted to experience significant growth.

Industry News

In April 2022 - Recent reports show that China will majorly impact the worldwide market for off-road vehicle equipment. In terms of total worldwide gains, the nation will account for 26 % in 2022. A refrigerant HFC-134a replaces the ozone-depleting particles like R-12 having low ozone-depleting and global warming potential. An increase in market price can be noticed in the years 2021 and 2022 as a result of current investments and replacements of the equipment. Consumers are becoming more interested in advanced technologies equipped with vehicles.

In may 2022 - Royal Enfield and Alpinestars have developed a line of motorcycle clothing that offers excellent performance and safety. The collaboration seeks to give Indian riders the important resources they need to maximize their trips. The new line results from product development and testing under difficult situations.

Browse the Full Report @ https://www.marketresearchfuture.com/reports/off-road-equipment-market-7767

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Off-Road Equipment Market Size Reach at USD 523 billion by 2028 | Caterpillar Inc, Kubota Corporation, CNH Industrial N.V. here

News-ID: 2763422 • Views:

More Releases from Market Research Future (MRFR)

Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plant-Based Food Preferences
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAGR Driven by Health & Sustainability
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Health Trends & Flour Mill Growth
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by Demand for Natural Ingredients
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing

All 5 Releases


More Releases for Equipment

Construction Equipment Rental (Ez Equipment Rental)
Whatever Your Project Needs, We Have The Solution We understand purchasing heavy equipment isn't always the best option for a business, especially if you only need a machine temporarily. EZ Equipment Rental LLC services industrial businesses with the equipment they need to operate, as well as homeowners and handymen tackling residential projects. Our inventory is stocked with bucket trucks, concrete equipment, generators, lighting, pumps, saws, jumping jacks, air compressors, pressure washers, earthmoving
Laboratory Equipment Services Market, By Equipment Type (Analytical Equipment, G …
Laboratory equipment services basically encompass a wide range of services such as repair and maintenance, calibration, and validation that help labs run more efficiently, increase machine uptime, and improve testing and production results. Equipment servicing, user training, installation & modification, maintenance services, and equipment validation and calibration are just a few of the services available. View Detailed Report: https://www.databridgemarketresearch.com/reports/global-laboratory-equipment-services-market Global Laboratory equipment services Market was valued at USD 10.86 billion in 2021
Food Service Equipment Market Size, Share, Trends, Growth Analysis Report By Equ …
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033 The Business Research Company presents an extensive market research report on the ""Food Service Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments. Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities,
Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Global Construction Equipment Rental Market 2018 - Ahern Equipment Rental, Cater …
The global Construction Equipment Rental market research report 2019 -2023 proposes a thorough analysis of the Construction Equipment Rental market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Construction Equipment Rental market report provides a wide-range of Construction Equipment Rental market segmentation Earthmoving
Durable Medical Equipment Market Size, Durable Medical Equipment Market Share, D …
According to a new study published by Polaris Market Research the Global Durable Medical Equipment (DME) market is anticipated to reach USD 246.6 billion by 2026. Request for Sample of This Research Report @ https://bit.ly/2PNhMF7 Top Key Players:- Stryker Corporation Medtronic plc Baxter International Medline Industries Becton Dickinson and Company Sunrise Medical (US) LLC Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment