The off-road vehicle engine market is expected to grow rapidly during

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off-road vehicle engine market

According to our latest Market Research on “Off-Road Vehicle Engine Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Machinery (Construction, Agricultural); Fuel Type (Diesel, Gasoline, Others) and geography”

The demand for off-road vehicle engines is gaining momentum with the growing demand from the building and construction industry. The growing trend of nuclear families is reflected in the growth of multi-family homes, which is driving the demand for off-road construction machinery. Additionally, increasing government support for agricultural mechanization creates a favorable landscape for the major players in the off-road vehicle engine market over the forecast period.

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Companies profiled in this report include: AB Volvo, Caterpillar Inc., Cummins Inc., Deere & Company, DEUTZ AG, Komatsu Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., Mahindra Powertrain Division, Man SE, YANMAR CO., LTD.

MARKET DYNAMICS

The global off-road vehicle engine market is expected to witness decent growth both in terms of size and volume owing to the positive outlook for the construction sector as well as the agricultural industry in developing countries. The trend towards agricultural mechanization and increase in commercial and residential construction projects are further fueling the growth of the off-road vehicle engine market. On the other hand, the recovery of the construction industry in Europe is also expected to provide lucrative opportunities in the mining and quarrying sectors for major players during the forecast period.

MARKET SEGMENTATION

The global off-road vehicle engine market is segmented on the basis of machinery and fuel type. Based on machinery, the market is segmented into construction and agriculture. On the basis of fuel type, the market is segmented into diesel, gasoline, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides an overview and forecast of the global off-road vehicle engine market based on various segments. It also provides market size estimates and forecasts from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South and Central America. The off-road vehicle engine market by each region is further sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries in the world, as well as the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Off-Road Vehicle Engines market from both demand and supply side and further assesses market dynamics affecting the market during the forecast period, i.e. say drivers, constraints, opportunities and future trends. The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the off-road vehicle engine market in these regions.

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Contact us:

If you have any questions about this report or would like further information, please contact us:

Contact person: Sameer Joshi

Email: [email protected]

Phone: +1-646-491-9876

About Us:

The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

This press release was published on openPR.

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