Global Off-Highway Vehicle Engine Market 2021 is expected to register a CAGR of 7.79%, during forecast period with Impact of Covid 19 Analysis

Off-Highway

Global “Off-Highway Vehicle Engine Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Off-Highway Vehicle Engine in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Off-Highway Vehicle Engine Market report categorizes the market based on manufacturers, regions, type, and application. Off-Highway Vehicle Engine Market reports offer a detailed assessment of the Off-Highway Vehicle Engine including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Off-Highway Vehicle Engine market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global off-highway vehicle engine market is expected to register a CAGR of 7.79% during the forecast period.Off-highway vehicle engines growth is dependent on the growth rate of agricultural and construction machinery industries. Rising agriculture mechanization trend in developing countries and spike in residential and commercial construction projects globally are driving the construction and agricultural machinery markets.

Europe, the second largest market for off-highway vehicles, is also expected to register a good growth, contributed by Germany, France, and United Kingdom. Germany witnessed a 20% increase in the new residential building permits in 2016, and it is expected that the construction & building industry in the country will continue to experience the boom, owing to the growing demand for real estate in the country (due to increasing population growth and job security, and low borrowing costs).

The demand for 50-70 HP engines in the agricultural machinery segment is expected to increase at a fast pace. Agricultural machineries under 50-70 HP category includes majorly tractors and medium size combine harvesters. The medium size combine harvesters have an average of 4.8m length, 2.2m width and 2.8m height have been widely used in rice fields, especially in ASEAN countries, like Philippines, Indonesia, Vietnam and India. Thus, Asia-Pacific covered a major share of more than 80% for medium size combine harvester market in 2017. According to CEMA, the tractor sales of 50-70 HP has been remained stable in Europe in 2017, as only few EU countries like Spain, Denmark and UK recorded increased sales of tractors for 50-70 HP. For instance, UK registered 12,033 tractor units (more than 50 HP) in 2017 with 13.5% increase from 2016

Asia-Pacific to Register the Highest Growth

The emerging markets, where the farm sector is relatively less capitalized, are expected to lead the global agricultural equipment market. India, one of the biggest markets for agricultural equipment, has become highly labor-intensive and is expected to witness higher growth during the forecast period. The global agricultural machinery market is set to grow considerably in the Asia-Pacific region, and countries like Vietnam, Philippines, India, and China will be the main drivers of the market. Farm sizes are relatively small in the emerging markets of the Asia-Pacific, and do not require bigger capacity engines. The market for engines with horsepower of 30-50 is forecast to observe the highest growth rate for the agricultural tractors. The segment is forecast to be led by India, which is the largest market for agricultural tractors, globally, based on the number of units sold.

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The global Off-Highway Vehicle Engine market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Off-Highway Vehicle Engine Market Report covers the Top Key-players in 2021:-

  • AGCO Power
  • Caterpillar
  • Cummins
  • Deere & Company
  • Deutz AG
  • Komatsu
  • Mahindra and Mahindra
  • Scania
  • Volvo
  • Yanmar
  • Weichai Power
  • Kubota Corporation

Highlighted points of Off-Highway Vehicle Engine Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Off-Highway Vehicle Engine Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Off-Highway Vehicle Engine? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Off-Highway Vehicle Engine Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Off-Highway Vehicle Engine Market? What Was Capacity, Production Value, Cost and PROFIT of Off-Highway Vehicle Engine Market?
  • What Is Current Market Status of Off-Highway Vehicle Engine Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Off-Highway Vehicle Engine Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Off-Highway Vehicle Engine Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Off-Highway Vehicle Engine Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Off-Highway Vehicle Engine Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Off-Highway Vehicle Engine Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Off-Highway Vehicle Engine Industry?

Key Developments in the Off-Highway Vehicle Engine Market:

  • March 2018: Detroit-built Mahindra Roxor off-road vehicle revealed.

    Reasons to Purchase this Report:

  • Latest technology trends adopted by the manufacturers in the global off-highway vehicle engine market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • The vehicle segment that is expected to register the highest growth rate in the market.
  • The region and country that are expected to dominate the market.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate Sheet (in Excel).

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    Finally, the report Global Off-Highway Vehicle Engine Market 2021 describes the Off-Highway Vehicle Engine industry expansion game plan, the Off-Highway Vehicle Engine industry knowledge supply, appendix, analysis findings, and the conclusion.

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