With a CAGR of 6.10%, the off-road vehicle engine market will reach USD

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The latest research study “Off-Road Vehicle Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, reveals that the global Off-Road Vehicle Engine Market has reaches a value of US$37.59 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$54.12 billion by 2027, showing a CAGR of 6.10% in 2022-2027.

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.

Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/off-highway-vehicle-engine-market/requestsample

Impact of COVID-19 on the market: (positive impact)

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.

Global Off-Road Vehicle Engine 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 factor.

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 table of contents: https://www.imarcgroup.com/off-highway-vehicle-engine-market

Global Off-Road Vehicle Engines Market Analysis and Segmentation 2022-2027:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Some of these major key players include:

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.

The report has segmented the market based on region, horsepower, engine capacity, and fuel type.

Breakdown by output power:
• Agricultural machinery
o Up to 30 HP
o 31-50 HP
o 51-80 HP
o 81-140 HP
o 140+ HP

• Construction machinery
o Up to 100 HP
o 101-200 hp
o 201-400 HP
o 400+ HP

Breakdown by engine capacity:
• 10L capacity

Breakdown by type of fuel:
• Diesel
• Gasoline
• Others

Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa

If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.

Contact us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, Wyoming 82801 USA – Wyoming
Email: [email protected]
Such. :(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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.

This press release was published on openPR.

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