Off-highway Vehicle Engine Market Set for Rapid Growth During 2022 - 2028

According to our latest market study on "Off-highway Vehicle Engine Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Machinery (Construction, Agricultural); Fuel Type (Diesel, Gasoline, Others) and Geography"

The demand for off-highway vehicle engines is gaining traction with the rising demand from the building and construction industry. The growing trend of nuclear families is resulting in the growth of the multi-family houses boosting the demand for off-road construction machinery. Also, increasing government assistance in mechanizing agriculture creates a favorable landscape for the key players of the off-highway vehicle engine market in the forecast period.

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Companies Profiled in this report includes: AB Volvo,Caterpillar Inc.,Cummins Inc.,Deere & Company,DEUTZ AG,Komatsu Ltd.,KUBOTA Corporation,Mahindra & Mahindra Ltd., Mahindra Powertrain Division,Man SE,YANMAR CO., LTD.

MARKET DYNAMICS

The global off-highway vehicle engine market is projected to witness decent growth both in terms of size and volume due to the positive outlook from the construction sector as well as the agriculture industry in developing countries. The agricultural mechanization trend and rise in commercial and residential construction projects, further fuel the growth of the off-highway vehicle engine market. On the other hand, the recovering construction industry in Europe is also expected to offer lucrative opportunities in mining and quarrying sectors for the key players during the forecast period.

MARKET SEGMENTATION

The global off-highway vehicle engine market is segmented on the basis of machinery and fuel type. Based on machinery, the market is segmented as construction and agricultural. On the basis of the fuel type, the market is segmented as diesel, gasoline, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global off-highway vehicle engine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The off-highway vehicle engine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting off-highway vehicle engine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the off-highway vehicle engine market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.