DUBLIN–(BUSINESS WIRE)–The report “Off-Road Vehicle Engine Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global off-road vehicle engine market reached a value of US$37.59 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$54.12 billion. by 2027, growing at a CAGR of 6.26% in 2021-2027.
Deere & Company
Hitachi Construction Machinery Co.Ltd. (Hitachi Ltd.)
JC Bamford Excavators Ltd.
Mahindra & Mahindra Ltd.
Weichai Power Co.Ltd
Yanmar Holdings Co.Ltd.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
An off-road vehicle (ORV) is a motor vehicle that is not intended to be driven or moved on a public road. This includes all-terrain vehicles (ATVs), four-wheelers, three-wheelers, motorcycles, dirt and dirt bikes, and snowmobiles. It has flexible suspension, tracks and big tires with deep treads.
In recent years, automakers have worked to improve the design of OHV engines to minimize pollutant emissions using techniques such as direct fuel injection, variable valve timing, combustion chamber mixing and exhaust gas recirculation. These methods help improve combustion efficiency, which reduces the generation of pollutants and provides energy efficiency.
With increasing agricultural mechanization, the production, distribution, and use of agricultural machinery are increasing in farmland development, planting, harvesting, and primary processing. This, in confluence with the thriving agricultural sector, represents one of the key players propelling the growth of the market.
In addition, there is an increase in the use of forklifts, which are usually equipped with gasoline and diesel engines for transporting heavy construction materials over rough terrain. In addition to this, Loading and Unloading Machines (LHD) are increasingly being used in underground environments like mines to load and transport ore and minerals. This, coupled with the increase in mining activities around the world, creates a positive outlook for the market.
Apart from this, ATVs find many applications in border patrol and security, construction operations, emergency medical response, search and rescue, law enforcement, management and land surveying, military operations, and mining and petroleum exploration. This, coupled with the increasing electrification of OHV due to benefits such as clean air, efficiency, and safety, is bolstering the growth of the market.
Answers to key questions in this report:
How has the global off-road vehicle engine market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global off-road vehicle engine market?
What are the main regional markets?
What is the market breakdown by power output?
What is the breakdown of the market according to cylinder capacity?
What is the market breakdown by type of fuel?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the global off-road vehicle engine market and who are the major players?
How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global Off-Road Vehicle Engine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Power Output
7 Market Breakdown by Engine Capacity
8 Market Breakdown by Fuel Type
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive Landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/za3i16