Global Automotive Off-Highway Engine Market Size, Share, Forecast Report, 2020-2027

The global Automotive Off-Highway Engine market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 9.8% throughout the estimate period from 2020 to 2027.

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.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Off-Highway Engine market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Off-Highway Engine market growth.

The global Automotive Off-Highway Engine market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The key players in automotive off-highway engine market 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.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

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.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • S.
  • Canada
• Europe
  • Germany
  • K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA