Global Off-Highway Engine Market, 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 (Diesel, Gasoline & Others), By Company and By Geography, Forecast & Opportunities, 20

Global Off-Highway Engine Market is projected to reach USD 40.01 Billion by 2023, at a CAGR of over 8% during the forecast period owing to growing agriculture sector, growing construction industry and growing demand for agriculture tractors, rising mechanization in agriculture and growth in infrastructure activities. Based on engine capacity, the market has been segmented into <5l Engines, 5l-10l Engines and >10l Engines. The <5l engines capacity segment is estimated to be dominate the market from 2018 to 2023 since these are used in agriculture tractors and construction equipment. Moreover, for construction equipment, <5L engine is the highest growing market owing to the increasing demand for backhoe loaders and mini excavators equipped with <5L engines. The Asia-Oceania region dominated the market in 2017 and is expected to maintain its dominance over the next five years as well due to growing infrastructure activities, growing agriculture sectors and growing urbanization. Furthermore, the Caterpillar Inc. is one of the largest manufacturers of diesel and natural gas engines for off-highway applications.

Years considered for this report

Historical Years2013-2016

Base Year2017

Estimated Year2018

Forecast Period2018–2023

Objective of the Study

• To analyse and forecast the market size of Off-Highway Engine Market, in terms of value and volume.
• To classify and forecast Global Off-Highway Engine Market based on Construction & Mining Equipment Engines Power Output, Agriculture Tractor Engines Power Output, Engine Capacity, Fuel Type and regional distribution.
• To identify drivers and challenges for Global Off-Highway Engine Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Off-Highway Engine Market.
• To conduct the pricing analysis for Off-Highway Engine Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Off-Highway Engine Market.

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Some of the leading players in the Global Off-Highway Engine Market are Caterpillar Inc. Cummins Inc., Deere & Company, Kubota Corporation, Deutz AG, Scania AB, Weichai Power Co. Ltd., MTU Friedrichshafen GmbH, Volvo CE, Yanmar Co. Ltd. etc.

Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the suppliers which could not be identified due to the limitations of secondary research. Market insights research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

Market insights research calculated the market size of Global

Key Target Audience

• Off-Highway Engine Manufacturers
• Automotive OEMs
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.