Automotive and Transportation Off Highway Vehicle Engine Market | Page 3

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highway vehicle market by enhancing the demand for construction equipment in these regions. The
agriculture sector is also showing growth in this market. Application of agriculture tractor on the field is
increasing hence encouraging the growth of off highway vehicle in this market also.
To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/off-highway-vehicle-engine-market
Further key findings from the report suggest
 Off highway vehicles are engineered and manufactured for operation on rocky or rough
terrain, or off asphalt roads. These are mainly used for construction, mining and also in
agriculture. Increase in the socio-economic condition globally has fueled this market.
 The agriculture sector is dominated by <5L engine. North America and Europe has huge
farmland per farmer and has a high demand for <5L engine. Whereas, regions like India and
China where the volume of demand is high has smaller farmland per farmer and they use
medium or light duty tractor that are only equipped by <5L engine.
 Off highway engines are mainly petrol or diesel based. Both are used in internal combustion
to generate mechanical energy. Stringent government policies are rapidly witnessing
converting these vehicles into natural gas based.
 Chief driving factor of the market is expected to be the construction segment. This segment is
projected to hold a market share of 63%. Recovery of Europe’s construction industry has
raised a steep demand in this sector for this region.
 Following the construction sector is the agriculture sector that is on the rise. With the growing
demand for mechanization in this sector, APAC is witnessing a high volume demand from the
farmers. This region is predicted to hold the largest market share of 37%. Emergence of
construction is also boosting the market in this region. Europe is following closely with its
construction overhaul.
 Key participants include Cummins Inc., Kubota Corporation, Caterpillar Inc., Deutz AG, Deere
and Company, Hitachi Construction Machinery Co. Ltd., J. C. Bamford Excavators Ltd.,
Mahindra and Mahindra Ltd., Massey Ferguson Ltd and Volvo CE.
 Deutz introduced a highly compact designed engine which makes it easy to install in any type
of applications. It’s a pair of four-cylinder diesel, which fulfill the EU stage V emission
standard. It also meets US Tier 4 final.
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For the purpose of this report, Reports and Data have segmented global Off Highway Vehicle Engine
market on the basis of by power output, by engine capacity, by fuel type and region:


By Power Output Outlook (Revenue, USD Million; 2018-2026)
o Construction & Mining Equipment Engines Market, By Power Output
o Agriculture Tractor Engines Market, By Power Output
By Engine Capacity Outlook (Revenue, USD Million; 2018-2026)
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