Global Off-Highway Vehicle Engine Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||635753|
|出版日||ページ情報||英文 90 Pages
|世界のオフハイウェイ車（OHV）用エンジン市場：成長、動向、予測（2018年〜2023年） Global Off-Highway Vehicle Engine Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年04月26日||ページ情報: 英文 90 Pages||
The global off-highway vehicle engine market is expected to register a CAGR of 6.27% during the forecast period. The construction industry, barring a few regions, is expected to grow significantly, globally. Even South America, the region most affected by the current economic crisis, is expected to contribute to the global construction industry, due to countries like, Argentina and Peru rising from the crisis surrounding the region. North America, the second largest market for off-highway vehicles, is also expected to register a good growth, contributed by Mexico and the United States. Italy, one of the most affected countries in the world by the economic crisis, is expected to be the fastest growing region in the construction sector, as the market has reached its lowest point and is expected to rebound.
The demand for 5-10 liter engines in the market for off-highway vehicles is anticipated to increase at the fastest rate, as the demand for medium capacity equipment is likely to rise the most. Due to power dense engines being produced recently, even mid-capacity motors can generate tremendous amounts of power, and their lower cost also aids their sale.
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 31-50 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.
Key Developments in the Market:
March 2018: Detroit-built Mahindra Roxor off-road vehicle revealed.
Major Players: CATERPILLAR, CUMMINS, DEERE & COMPANY, MAHINDRA & MAHINDRA, VOLVO, amongst others
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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