The Off-road Engines category consists of compression-ignition engines (i.e. diesel engines) that are found in a wide variety of off-road applications such as agricultural, construction, and industrial, etc.
In the coming years there is an increasing demand for Off-road Engines in the regions of North America and Europe that is expected to drive the market for more advanced Off-road Engines. Growth in government budgets in the principal countries, increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agricultural machinery, retrofitting and renovation of old technology, increasing adoption of Off-road Engines will drive growth in North America and Europe markets.
Globally, the Off-road Engines industry market is low concentrated as the manufacturing technology of Off-road Engines is relatively matures than some high-tech equipment. And some enterprises, like Cummins, Caterpillar, MAN, etc. are well-known for the wonderful performance of their Off-road Engines and related services. At the same time, Europe, occupied 26.72% revenue market share in 2015, is remarkable in the global Off-road Engines industry because of their market share and technology status of Off-road Engines.
The consumption volume of Off-road Engines is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Off-road Engines industry may not keep that fast. But it is surely forecasted that the market of Off-road Engines is still promising.
According to this study, over the next five years the Off-road Engines market will register a 0.4% CAGR in terms of revenue, the global market size will reach US$ 21400 million by 2024, from US$ 20800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Off-road Engines business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Off-road Engines market by product type, application, key manufacturers and key regions and countries.
This study considers the Off-road Engines value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Kunming Yunnei Power
Mitsubishi Heavy Industries Engine & Turbocharger
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Off-road Engines consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Off-road Engines market by identifying its various subsegments.
Focuses on the key global Off-road Engines manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Off-road Engines with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Off-road Engines submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.