Off-Highway Vehicle Engine Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Construction & Mining Equipment Engines Power Output (<100 HP, 101-200 HP, 201-400 HP and >400 HP), By Agriculture Tractor Engines Power Output (<30 HP, 31-50 HP, 51-80 HP, 81-140 HP and >140 HP), By Engine Capacity (<5l Engines, 5l-10l Engines and >10l Engines), By Fuel Type

Market Overview

Key Market Drivers

Growing Demand for Construction and Mining Activities

Technological Advancements and Emission Regulations

Expansion of Agriculture and Forestry Sectors

Key Market Challenges

Environmental Regulations and Emissions Compliance

Market Volatility and Economic Uncertainty

Economic Cycles

Currency Exchange Rates

Raw Material Costs

Trade Policies and Tariffs

Technological Advancements and Product Differentiation

Key Market Trends

Electrification and Hybridization of Off-Highway Vehicle Engines

Electric Powertrains

Hybrid Solutions

Digitalization and Connectivity for Off-Highway Vehicles

Telematics and Remote Monitoring

Predictive Maintenance

Autonomous Operation

Segmental Insights

Engine Capacity

The 5l-10l Engines segment holds a significant market share in the Global Off-Highway Vehicle Engine Market. Engines in this segment power a range of construction machinery, including medium-sized excavators, backhoes, wheel loaders, and motor graders. These machines demand ample power to handle excavation, material handling, and grading tasks efficiently.

Engines in this segment exhibit versatility and find applications across various industries, making them a valuable choice for manufacturers and end-users seeking flexibility. There is an increasing focus on fuel efficiency and emissions compliance within this segment. Manufacturers are developing engines with advanced technologies like common rail fuel injection, turbocharging, and exhaust aftertreatment systems to meet stringent emissions regulations.

Manufacturers are actively exploring hybrid and electric powertrain options in this segment to enhance fuel efficiency and reduce emissions. Hybrid systems are being increasingly integrated into medium-sized off-highway vehicles. The integration of telematics systems allows for remote monitoring, predictive maintenance, and data-driven decision-making, thereby enhancing equipment performance and uptime.

Manufacturers are also exploring hybrid and electric powertrain options in this segment to improve fuel efficiency and reduce emissions. Hybrid systems are increasingly being integrated into medium-sized off-highway vehicles. The integration of telematics systems enables remote monitoring, predictive maintenance, and data-driven decision-making, thereby enhancing equipment performance and uptime.

Fuel Type

The Diesel segment holds a significant market share in the Global Off-Highway Vehicle Engine Market. The diesel segment holds a significant and enduring position in the global off-highway vehicle engine market. Diesel engines have long been preferred in off-highway applications due to their exceptional torque, fuel efficiency, and durability. Construction machinery, including excavators, bulldozers, loaders, and motor graders, commonly feature diesel engines due to their robustness and suitability for heavy-duty earthmoving and construction tasks.

Agricultural machinery, such as tractors, combine harvesters, and irrigation pumps, also rely on diesel-powered engines, benefiting from their fuel efficiency and ability to handle demanding farming operations. Diesel engines are renowned for their cost-effectiveness in long-duration operations and environments with limited refuelling options. With their ability to deliver high torque at low RPMs, these engines excel in heavy-duty tasks, including excavation, lifting, and hauling.

Manufacturers are consistently investing in emissions reduction technologies to comply with regulations while preserving the advantages of diesel engines. This includes integrating aftertreatment systems and optimizing combustion processes. Hybridization trends are emerging in the diesel segment, combining diesel engines with electric powertrains to enhance fuel efficiency and reduce emissions, particularly in applications with intermittent power demands. The integration of telematics systems enables remote monitoring, predictive maintenance, and data-driven insights, ultimately enhancing the efficiency and uptime of diesel-powered equipment.

Regional Insights

Recent Developments

• Valvoline addressed the requirements of heavy-duty engines in September 2021 by launching a new product in mid-July. This product is specifically designed for heavy-duty diesel engines that operate in severe conditions and undergo extreme duty cycles.
• In June 2021, Caterpillar Inc. and Nouveau Monde Graphite Inc. announced a strategic partnership. The objective of this collaboration is for Caterpillar Inc. to develop, test, and manufacture zero-emission machines under the Cat brand for the Matawinie graphite mine.
• Cummins India, a subsidiary of the global company Cummins Inc., announced in January 2021 that it is ready to commence production of its advanced 4.5-liter engine system for wheeled equipment at its Pune plant.

Key Market Players

• Caterpillar, Inc.
• Cummins, Inc.
• Deere & Company
• J C Bamford Excavators Ltd.
• Mahindra & Mahindra Ltd.
• Scania AB
• KUBOTA Corporation
• Volkswagen AG
• Hitachi Construction Machinery Co., Ltd.
• Komatsu Ltd.