Off-Highway Engine Market Key Players Analysis 2031
Globally, demand for off-highway engines is expected to witness bodacious growth over the forecast period by the virtue of growing investments in global infrastructure development, capacity building, and technological- and capital-intensive farming & fishing. Off-highway engines find use in an extensive range of industry verticals, such as warehousing, marine trade, and personal leisure such as power sports vehicles, yachts, and cruise ships. Diesel engine will continue to rule the landscape over the next ten years, with maximum usage of these engines in agriculture equipment.
MARKET DYNAMICS
Emerging alternate clean fuels, and efficient and less polluting engines are ensuring potential growth of the market. There has been increase in industrial trucks and material handling equipment at warehouses and inventories. This has further helped in increasing productivity of respective plants as well as ensuring employee safety. This evident growth in material handling equipment is poised to drive demand for off-highway engines over the next ten years.
MARKET SCOPE
The "Global Off-Highway Engine Market Analysis to 2031" is a specialized and in-depth study of the Off-Highway Engine Market with a special focus on the global market trend analysis. The report aims to provide an overview of Off-Highway Engine market with detailed market segmentation by joint type, and vehicle type. The global Off-Highway Engine market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Off-Highway Engine market player and offers key trends and opportunities in the Off-Highway Engine market.
MARKET SEGMENTATION
The global Off-Highway Engine market is segmented on the basis of engine capacity, and application sector. On the basis of engine capacity, market is segmented as Less than 4 L, 4 L to 10 L, 10 L to16 L, Above 22 L. On the basis of application sector, market is segmented as Construction Equipment, Agriculture Equipment, Marine Engines, Genset, Industrial Trucks, Other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Off-Highway Engine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Off-Highway Engine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Off-Highway Engine Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the Off-Highway Engine market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Off-Highway Engine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Off-Highway Engine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Off-Highway Engine Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the Off-Highway Engine market in these regions.
MARKET PLAYERS
The reports cover key developments in the Off-Highway Engine market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Off-Highway Engine market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV battery market. Below mentioned is the list of few companies engaged in the Off-Highway Engine market.
The report also includes the profiles of key Off-Highway Engine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AGCO Corporation
- Caterpillar Inc
- Cummins
- Deere and Company
- Deutz AG
- Doosan Infracore
- Fiat Powertrain Technologies (FPT)
- J. C. Bamford Excavators Ltd.
- Kubota Corporation
- Yanmar Co., Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Off-Highway Engine Market - By Engine Capacity
1.3.2Off-Highway Engine Market - By Application Sector
1.3.3Off-Highway Engine Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.OFF-HIGHWAY ENGINE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.OFF-HIGHWAY ENGINE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.OFF-HIGHWAY ENGINE MARKET - GLOBAL MARKET ANALYSIS
6.1.OFF-HIGHWAY ENGINE - GLOBAL MARKET OVERVIEW
6.2.OFF-HIGHWAY ENGINE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.OFF-HIGHWAY ENGINE MARKET - REVENUE AND FORECASTS TO 2028 â" ENGINE CAPACITY
7.1.OVERVIEW
7.2.ENGINE CAPACITY MARKET FORECASTS AND ANALYSIS
7.3.LESS THAN 4 L
7.3.1.Overview
7.3.2.Less than 4 L Market Forecast and Analysis
7.4.4 L TO 10 L
7.4.1.Overview
7.4.2.4 L to 10 L Market Forecast and Analysis
7.5.10 L TO16 L
7.5.1.Overview
7.5.2.10 L to16 L Market Forecast and Analysis
7.6.ABOVE 22 L
7.6.1.Overview
7.6.2.Above 22 L Market Forecast and Analysis
8.OFF-HIGHWAY ENGINE MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION SECTOR
8.1.OVERVIEW
8.2.APPLICATION SECTOR MARKET FORECASTS AND ANALYSIS
8.3.CONSTRUCTION EQUIPMENT
8.3.1.Overview
8.3.2.Construction Equipment Market Forecast and Analysis
8.4.AGRICULTURE EQUIPMENT
8.4.1.Overview
8.4.2.Agriculture Equipment Market Forecast and Analysis
8.5.MARINE ENGINES
8.5.1.Overview
8.5.2.Marine Engines Market Forecast and Analysis
8.6.GENSET
8.6.1.Overview
8.6.2.Genset Market Forecast and Analysis
8.7.INDUSTRIAL TRUCKS
8.7.1.Overview
8.7.2.Industrial Trucks Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.OFF-HIGHWAY ENGINE MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Off-Highway Engine Market Overview
9.1.2North America Off-Highway Engine Market Forecasts and Analysis
9.1.3North America Off-Highway Engine Market Forecasts and Analysis - By Engine Capacity
9.1.4North America Off-Highway Engine Market Forecasts and Analysis - By Application Sector
9.1.5North America Off-Highway Engine Market Forecasts and Analysis - By Countries
9.1.5.1United States Off-Highway Engine Market
9.1.5.1.1United States Off-Highway Engine Market by Engine Capacity
9.1.5.1.2United States Off-Highway Engine Market by Application Sector
9.1.5.2Canada Off-Highway Engine Market
9.1.5.2.1Canada Off-Highway Engine Market by Engine Capacity
9.1.5.2.2Canada Off-Highway Engine Market by Application Sector
9.1.5.3Mexico Off-Highway Engine Market
9.1.5.3.1Mexico Off-Highway Engine Market by Engine Capacity
9.1.5.3.2Mexico Off-Highway Engine Market by Application Sector
9.2.EUROPE
9.2.1Europe Off-Highway Engine Market Overview
9.2.2Europe Off-Highway Engine Market Forecasts and Analysis
9.2.3Europe Off-Highway Engine Market Forecasts and Analysis - By Engine Capacity
9.2.4Europe Off-Highway Engine Market Forecasts and Analysis - By Application Sector
9.2.5Europe Off-Highway Engine Market Forecasts and Analysis - By Countries
9.2.5.1Germany Off-Highway Engine Market
9.2.5.1.1Germany Off-Highway Engine Market by Engine Capacity
9.2.5.1.2Germany Off-Highway Engine Market by Application Sector
9.2.5.2France Off-Highway Engine Market
9.2.5.2.1France Off-Highway Engine Market by Engine Capacity
9.2.5.2.2France Off-Highway Engine Market by Application Sector
9.2.5.3Italy Off-Highway Engine Market
9.2.5.3.1Italy Off-Highway Engine Market by Engine Capacity
9.2.5.3.2Italy Off-Highway Engine Market by Application Sector
9.2.5.4United Kingdom Off-Highway Engine Market
9.2.5.4.1United Kingdom Off-Highway Engine Market by Engine Capacity
9.2.5.4.2United Kingdom Off-Highway Engine Market by Application Sector
9.2.5.5Russia Off-Highway Engine Market
9.2.5.5.1Russia Off-Highway Engine Market by Engine Capacity
9.2.5.5.2Russia Off-Highway Engine Market by Application Sector
9.2.5.6Rest of Europe Off-Highway Engine Market
9.2.5.6.1Rest of Europe Off-Highway Engine Market by Engine Capacity
9.2.5.6.2Rest of Europe Off-Highway Engine Market by Application Sector
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Off-Highway Engine Market Overview
9.3.2Asia-Pacific Off-Highway Engine Market Forecasts and Analysis
9.3.3Asia-Pacific Off-Highway Engine Market Forecasts and Analysis - By Engine Capacity
9.3.4Asia-Pacific Off-Highway Engine Market Forecasts and Analysis - By Application Sector
9.3.5Asia-Pacific Off-Highway Engine Market Forecasts and Analysis - By Countries
9.3.5.1Australia Off-Highway Engine Market
9.3.5.1.1Australia Off-Highway Engine Market by Engine Capacity
9.3.5.1.2Australia Off-Highway Engine Market by Application Sector
9.3.5.2China Off-Highway Engine Market
9.3.5.2.1China Off-Highway Engine Market by Engine Capacity
9.3.5.2.2China Off-Highway Engine Market by Application Sector
9.3.5.3India Off-Highway Engine Market
9.3.5.3.1India Off-Highway Engine Market by Engine Capacity
9.3.5.3.2India Off-Highway Engine Market by Application Sector
9.3.5.4Japan Off-Highway Engine Market
9.3.5.4.1Japan Off-Highway Engine Market by Engine Capacity
9.3.5.4.2Japan Off-Highway Engine Market by Application Sector
9.3.5.5South Korea Off-Highway Engine Market
9.3.5.5.1South Korea Off-Highway Engine Market by Engine Capacity
9.3.5.5.2South Korea Off-Highway Engine Market by Application Sector
9.3.5.6Rest of Asia-Pacific Off-Highway Engine Market
9.3.5.6.1Rest of Asia-Pacific Off-Highway Engine Market by Engine Capacity
9.3.5.6.2Rest of Asia-Pacific Off-Highway Engine Market by Application Sector
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Off-Highway Engine Market Overview
9.4.2Middle East and Africa Off-Highway Engine Market Forecasts and Analysis
9.4.3Middle East and Africa Off-Highway Engine Market Forecasts and Analysis - By Engine Capacity
9.4.4Middle East and Africa Off-Highway Engine Market Forecasts and Analysis - By Application Sector
9.4.5Middle East and Africa Off-Highway Engine Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Off-Highway Engine Market
9.4.5.1.1South Africa Off-Highway Engine Market by Engine Capacity
9.4.5.1.2South Africa Off-Highway Engine Market by Application Sector
9.4.5.2Saudi Arabia Off-Highway Engine Market
9.4.5.2.1Saudi Arabia Off-Highway Engine Market by Engine Capacity
9.4.5.2.2Saudi Arabia Off-Highway Engine Market by Application Sector
9.4.5.3U.A.E Off-Highway Engine Market
9.4.5.3.1U.A.E Off-Highway Engine Market by Engine Capacity
9.4.5.3.2U.A.E Off-Highway Engine Market by Application Sector
9.4.5.4Rest of Middle East and Africa Off-Highway Engine Market
9.4.5.4.1Rest of Middle East and Africa Off-Highway Engine Market by Engine Capacity
9.4.5.4.2Rest of Middle East and Africa Off-Highway Engine Market by Application Sector
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Off-Highway Engine Market Overview
9.5.2South and Central America Off-Highway Engine Market Forecasts and Analysis
9.5.3South and Central America Off-Highway Engine Market Forecasts and Analysis - By Engine Capacity
9.5.4South and Central America Off-Highway Engine Market Forecasts and Analysis - By Application Sector
9.5.5South and Central America Off-Highway Engine Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Off-Highway Engine Market
9.5.5.1.1Brazil Off-Highway Engine Market by Engine Capacity
9.5.5.1.2Brazil Off-Highway Engine Market by Application Sector
9.5.5.2Argentina Off-Highway Engine Market
9.5.5.2.1Argentina Off-Highway Engine Market by Engine Capacity
9.5.5.2.2Argentina Off-Highway Engine Market by Application Sector
9.5.5.3Rest of South and Central America Off-Highway Engine Market
9.5.5.3.1Rest of South and Central America Off-Highway Engine Market by Engine Capacity
9.5.5.3.2Rest of South and Central America Off-Highway Engine Market by Application Sector
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.OFF-HIGHWAY ENGINE MARKET, KEY COMPANY PROFILES
11.1.AGCO CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.CATERPILLAR INC
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CUMMINS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.DEERE AND COMPANY
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.DEUTZ AG
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.DOOSAN INFRACORE
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.FIAT POWERTRAIN TECHNOLOGIES (FPT)
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.J. C. BAMFORD EXCAVATORS LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.KUBOTA CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.YANMAR CO., LTDÂ
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. AGCO Corporation
2. Caterpillar Inc
3. Cummins
4. Deere and Company
5. Deutz AG
6. Doosan Infracore
7. Fiat Powertrain Technologies (FPT)
8. J. C. Bamford Excavators Ltd.
9. Kubota Corporation
10. Yanmar Co., LtdÂ
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For