Off Highway Vehicle Engine Market size to Reach USD 66.21 Billion by 2031, Supported by Infrastructure Spending, Farm Mechanization, and Emission Compliance Needs - Mordor Intelligence

Mordor Intelligence has published a new report on the off-highway vehicle engine market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Off Highway Vehicle Engine Market Overview

According to Mordor Intelligence, the off highway vehicle engine market size [https://www.mordorintelligence.com/industry-reports/off-highway-vehicle-engine-market?utm_source=abnewswire] stood at USD 47.94 billion in the base year and is forecast to reach USD 66.21 billion by 2031. This growth reflects sustained equipment replacement cycles, public infrastructure programs, and increasing mechanization across emerging economies.

The off-highway vehicle engine industry serves a wide range of applications, including earthmoving equipment, tractors, harvesters, loaders, and mining trucks. Demand is supported by long operating hours, rugged duty cycles, and regulatory requirements that continue to influence purchasing decisions.

Off Highway Vehicle Engine Market Trends Shaping Industry Demand

Infrastructure Investment Driving Demand: Large public-sector infrastructure programs worldwide are increasing demand for heavy machinery engines, especially in construction equipment applications.

Growing Mechanization of Agriculture: Expansion of farm mechanization in regions such as Asia-Pacific and Africa supports increased sales of agricultural machinery engines.

Emission Regulation Compliance and Retrofit Activities: Stricter Stage V and Tier 4 Final emission norms are encouraging fleets to purchase compliant engines and invest in retrofits to extend the life of existing assets.

Hybrid-Ready Engine Platforms: OEMs are introducing modular engine platforms that are compatible with hybrid power modules, providing flexibility for future emission requirements.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/off-highway-vehicle-engine-market?utm_source=abnewswire

Off Highway Vehicle Engine Market Segmentation Analysis

By Vehicle Type

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Agricultural Machinery

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Construction Equipment

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Mining Equipment

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Forestry and Material-Handling Equipment

By Power Output

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Less than or equal to 30 HP

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31-70 HP

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71-120 HP

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121-400 HP

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More than 400 HP

By Fuel Type

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Diesel

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Gasoline

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Natural-/Bio-Gas

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Hybrid-Electric and Fuel-Cell

By Engine Displacement

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Less than or equal to 2 L

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2.1 to 3.5 L

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3.6 to 7 L

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More than 7 L

By Propulsion Technology

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Conventional ICE

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Hybrid

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Battery-Electric

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Fuel-Cell Electric

By Geography

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North America

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South America

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Europe

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Asia-Pacific

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Middle East and Africa

Competitive Landscape of the Off Highway Vehicle Engine Industry

The off-highway vehicle engine industry remains moderately consolidated, with a mix of global manufacturers and regional suppliers. Leading companies focus on long-term service support, regulatory readiness, and compatibility across equipment platforms. Many manufacturers benefit from vertical integration, supplying engines directly to their own machinery divisions, while independent engine suppliers serve multiple equipment brands.

Key participants include

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Cummins Inc.

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Caterpillar Inc.

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Deere & Company

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Weichai Power Co., Ltd.

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Komatsu Ltd.

Conclusion

The off highway vehicle engine market growth outlook remains balanced, with strong contributions from aftermarket services and replacement demand. Manufacturers that align engine platforms with regional needs and long-term serviceability are expected to maintain stable positions. As a result, the off highway vehicle engine market is set to remain a critical component of global industrial and equipment ecosystems over the forecast period.

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Get more insights: https://www.mordorintelligence.com/industry-reports/automotive-engine-encapsulation-market?utm_source=abnewswire

About Mordor Intelligence

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