Global Off-Highway Engine Market Highlights:
There are several factors that are responsible for the growth of the global automotive off-highway engine market. Firstly, the globally increasing population leads to the need for automation and mass scale production. Secondly, greater productivity can be achieved using advanced machinery, which works on off-highway engines, thus saving time. Thirdly, labor cost can be reduced with the use of these engines leading to a decrease in the production cost in any field of operation. The global automotive off-highway engine market is expected to expand with a CAGR of approx. 9% (2017 to 2023).
Get Sample Copy of Report Visit: https://www.marketresearchfuture.com/sample_request/5964
Major Players in Off-Highway Engine Market studied for this report are: Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), Kubota Corporation (Japan), Volvo Group (Sweden), and 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.) are among others.
The automotive industry manufactures automobiles not only for transportation of passengers and goods & materials, but also for the production of specialized vehicles. These specialty vehicles are manufactured according to the requirement in fields such as agriculture, construction, and oil refineries. Often, the entire automobile is custom made according to the unique need of the niche operation, for which the vehicle is to be used. The power requirement and the load requirement of the operation, decide the manufacture of the off-highway engine. The off-highway engine has to adhere to the strict emission norms laid down by the government and hence its production requires special design and production layout.
On the basis of power output, the 30-400 HP range off-highway engines are usually preferred in the agricultural field. Due to the large-scale agricultural activities all over the globe involving automation technology, this segment has a high demand. The engines above 400 HP are generally preferred in the construction industry. The construction activities globally have been consistent, especially in the developing countries. Thus, a large demand for the high powered off engine trucks has been witnessed for activities such as raw material carrying, and mortar mixing. On the basis of engine capacity, the maximum demand is for below 5-liter capacity. These vehicles are used mainly in a variety of applications such as road construction, agriculture and long distance transportation and are easily maneuverable due to their small size.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific market is expected to drive the growth of Off-Highway engines. The automotive industry in this region is being driven by countries such as India, China, and Japan. The automation research hub of Asia – Japan leads the region in market innovation. The increasing automation in sectors such as agriculture and construction in a growing economy like India, is leading to increased demand for high powered off-highway engines. The increased preference for large-scale agriculture activities such as harvesting, plowing, and sowing, among farmers, increases the demand for high-performance off-highway engines. This can be customized according to the power output requirement.
Scope of the report:
The report for Global Automotive Off-Highway Engine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
For details on this “Global Off-Highway Engine Market Research Report – Forecast to 2022” report visit: https://www.marketresearchfuture.com/reports/automotive-off-highway-engine-market-5964
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar