Automotive Off-Highway Engine Market is predicted to expand at approximately 9% CAGR by 2030

Pune, India, May 04, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive off-highway engine market. The automotive off-highway engine market is expected to expand at the CAGR of over 9% during the period 2022 to 2030.

Market Highlights:

The global industrial sector underwent major transformation after majority countries undertook a revamp of their existing industrial technology. The automotive industry similarly, went through a transition phase and incorporated automation to a large scale. Development of automobiles was undertaken not only to transport raw materials and passengers across distances but also for other industrial and non-industrial fields. The biggest boost from the development of specialized engines and corresponding vehicles was incorporated by the heavy industries and the agricultural sector. The heavy industries sector started using the specially developed vehicles for undertaking strenuous tasks such as road leveling, sand & gravel formation, construction mortar mixing in the construction and mining industry and activities such as harvesting, plowing, and reaping in the agricultural sector. The biggest benefit achieved from this was the reduction in production cost, which could be passed on to the end consumer subsequently.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to drive this market. This region has witnessed growth in industries in the past couple of decades. Economic growth in countries such as India and China has added to the flourishing industrial sector in the region. Many heavy construction industries have set base in the Asia region. The primary reasons for this are a rise in the middle class, increased purchasing power of the middle class, and the growing percentage of the middle class. Many automotive industries have set their manufacturing centers in India and China. This has led to the widespread development in infrastructure of these countries.

Large-scale construction and mining activities are being undertaken to feed the growing needs of the population. Additionally, this region has more than half of the world’s population. Thus, the demand from the construction and the agricultural field is ever increasing. To satisfy the high demand, there is an urgent and definite need to undertake automation for mass production in agriculture and to finish the infrastructure projects faster. Thus the use of the off-highway engines help speed up the processes in these respective fields in largely populated countries like India and China where the demand is ever increasing and the supply, has to be constantly matched to the demand. North America is known for mass production in the industrial sector, agricultural field and in the massive infrastructural projects. Using specialized vehicles fitted with these engines would make the processes, faster and smoother. Europe has pioneered innovation in the field of industrialization and automation. The large population diversity and limited land demand massive agricultural projects and automated infrastructural projects, which can be undertaken using these engine powered vehicles. All these reasons ensure continuous growth of the global automotive off-highway engine market.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Off-Highway Engine Market Trends

Drivers:

Global Automotive Off-Highway Engine Market Size, 2017-2023(CAGR):

Scope of the Report

This study provides an overview of the Global Automotive Off-Highway Engine Market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Off-Highway Engine Market by its Power Output, Engine Capacity, Fuel Type, and Region.

• 30-100 HP


• 100-400 HP


• Above 400 HP

• <5 Liter


• 1-10 Liter


• >10 Liter

• Diesel


• Gasoline


• Others

• North America


• Europe


• Asia Pacific


• Rest of the World

Key Players

The key players in automotive off-highway engine market are Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), Kubota Corporation (Japan), and Volvo Group (Sweden), Mahindra and Mahindra Limited (India). Deere & Company (U.S.), J.C. Bamford Excavators Limited (U.K.), AGCO Corporation (U.S.), and Massey Ferguson Limited (U.S.) and among others.