Off-Highway vehicle engine market is projected to grow at a CAGR of 7.65% from 2015 to 2020 to reach the market size of USD 38.9 billion by 2020.
Study on Engine Market highlights key players such as Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deere and Company (U.S.), Kubota Corporation (Japan) and Deutz AG (Germany), among others.
Key growth strategies adopted by these players include expansion and new product development.
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Major factors driving growth of this market include growing population, rapid urbanization, increasing construction activities, and mechanization of agriculture.
The 51-80HP segment of engines for agricultural tractors is projected to grow at the highest CAGR during the forecast period. This growth can be mainly attributed to mechanization trends observed in the agriculture industry, especially in the emerging nations such as China and India.
This trend is estimated to continue during the forecast period. These factors make 51-80HP engine segment the largest market in agriculture segment.
Key Points From Table Of Content:
6 Technical Overview
6.1 Emission Regulations for Off-Highway Engines
6.1.1 Tier-IV/ Stage-IV
6.1.2 Tier 3/ Stage III Norms
6.2 Upgrades in Engine Technology
6.2.1 Tier-IV Engine Families From Key Manufacturers
6.2.2 Electronic Fuel Injection
6.2.3 Two Stage Turbochargers
6.2.4 Cooled EGR
6.2.5 Selective Catalytic Reduction (SCR)
6.3 Fuel Quality Requirements
6.4 Upgrades in Materials Used for Off-Highway Engines
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7 Off-Highway Vehicle Engine Market, By Power Output
7.2 Construction Equipment Engines Market, By Power Output
7.2.1 Market for 7.2.2 Market for 101-200 Hp Engines, By Region
7.2.3 Market for 201-400 Hp Engines, By Region
7.2.4 Market for >400 Hp Engines, By Region
7.3 Agriculture Tractor Engines Market, By Power Output
7.3.1 Market for 7.3.2 Market for 31-50 Hp Engines, By Region
7.3.3 Market for 51-80 Hp Engines, By Region
7.3.4 Market for 81-140 Hp Engines, By Region
7.3.5 Market for >140 Hp Engines, By Region
8 Off-Highway Vehicle Engine Market, By Engine Capacity
8.2 Construction Equipment Engines Market, By Engine Capacity
8.2.1 Market for 8.2.2 Market for 5l-10l Engines, By Region
8.2.3 Market for >10l Engines, By Region
8.3 Agriculture Tractor Engines Market, By Engine Capacity
8.3.1 Market for 8.3.2 Market for 5l-10l Engines, By Region
8.3.3 Market for >10l Engines, By Region
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This report contains various levels of analysis, including industry analysis (industry trends, Porter’s Five Forces, and PEST analysis), supply chain analysis, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the off-highway vehicle engine market, competitive landscape, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
The report enables new entrants/smaller firms as well as established firms to understand the market better to help them to acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
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