Off-Road Vehicle Engine Market Size, Industry Share, Analysis, Report and Forecast 2022-27

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The latest research studyOff-Road Vehicle Engine Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027by IMARC Group, finds that the global off-road vehicle engine market reached a value of US$37.59 billion in 2021. Looking ahead, IMARC Group expects the market to reach worth US$54.12 billion by 2027, growing at a CAGR of 6.10% during 2022-2027.

What is an off-road vehicle engine? What is the size of the off-road vehicle engine market?

An off-road vehicle (ORV) is a motor vehicle that is not intended to be driven or moved on a public road. This generally includes four-wheelers, three-wheelers, all-terrain vehicles (ATVs), motorcycles, dirt and dirt bikes, snowmobiles, etc. OHV has a flexible suspension, tracks, big tires with deep treads, etc. In recent times, several major automobile manufacturers have worked to improve the design of off-road vehicle engines to minimize pollutant emissions using numerous techniques, such as variable valve timing, direct fuel injection, combustion chamber, exhaust gas recirculation, etc. These methods help improve combustion efficiency which provides fuel efficiency.

Covid-19 scenario: As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.

Market Trends and Drivers:

Widespread adoption of agricultural machinery for planting, harvesting, processing, etc., is mainly driving the off-road vehicle engine market. Additionally, the increasing use of forklifts which are typically powered by gasoline and diesel engines for transporting heavy construction materials over rough terrain is further catalyzing the growth of the market. Additionally, the growing demand for Load Offloading Machines (LHD) in underground environment including mines to load and transport minerals is acting as another significant growth driver.

Additionally, all-terrain vehicles find many applications in construction operations, border patrol and security, emergency medical response, search and rescue, law enforcement, management and land surveying, military operations, oil exploration, etc., which also strengthens the global market. . Apart from this, the growing number of mining activities is expected to fuel the off-road vehicle engine market over the forecast period.

Click here to view detailed information with TOC: https://www.imarcgroup.com/off-highway-vehicle-engine-market

off-road vehicle engine market Report scope

Report cover

Details

Market size value in 2021

US$37.59 billion

Market forecast in 2027

US$54.12 billion

Rate of growth

CAGR of 6.10% from 2022 to 2027

Base year for the estimate

2021

Historical data

2016-2021

Forecast period

2022-2027

Report cover

Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Segments Covered

Power output, engine capacity, fuel type and region

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Profiled Key Companies

AB Volvo, AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), JC Bamford Excavators Ltd., Komatsu Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., Weichai Power Co. Ltd and Yanmar Holdings Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Report segmentation:

The report has segmented the market into the following categories:

Breakdown by output power:

Agricultural machinery

oh Up to 30 HP

oh 31-50 HP

oh 51-80 HP

oh 81-140 HP

oh 140+ hp

construction machinery

oh Up to 100 HP

oh 101-200 HP

oh 201-400 HP

oh 400+ HP

Breakdown by engine capacity:

Capacity 5L-10L

> Capacity 10L

Breakdown by type of fuel:

Diesel

Gasoline

Others

By geography:

North America

oh United States

oh Canada

Asia Pacific

oh China

oh Japan

oh India

oh South Korea

oh Australia

oh Indonesia

oh Others

Europe

oh Germany

oh France

oh UK

oh Italy

oh Spain

oh Russia

oh Others

Latin America

oh Brazil

oh Mexico

oh Others

Middle East and Africa

List of major key players:

The major market players are AB Volvo, AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), JC Bamford Excavators Ltd., Komatsu Ltd. , KUBOTA Corporation, Mahindra & Mahindra Ltd., Weichai Power Co. Ltd and Yanmar Holdings Co. Ltd.

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Our offerings include comprehensive market information in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium-sized businesses to Fortune 1000 companies.

Contact us:

IMARC Services Private Limited.

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E-mail: [email protected]

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