7Newswire
30 Oct 2021, 05:21 GMT+10
The global Off Highway Vehicle Engine market is expected to reach USD 51.43 billion by 2026, according to a new report by Reports and Data. Off-highway engines is a machine designed in a way that converts some form of energy into mechanical energy. It is mainly used in vehicles off the road. These vehicles are driven on and off tiled or stony and pebbly surfaces. They have large tires and flexible suspension.
Off highway vehicle are used for exploration off the asphalt road. With high clearance and these power vehicles, trails and forest area with low traction surface are explored as well. Demand for these vehicles is growing due to its usage in trekking and exploration activities. The rise in mining, agriculture, infrastructure, and construction has risen the demand of this market. These vehicles are generally diesel based, but stringent norms by the government have driven companies to use other alternatives.
Asia Pacific is expected to be a key revenue generating region in the forecast period with a CAGR of 21%. India China, Indonesia, and Thailand are the countries that will market the off highway vehicles. With the increase in housing projects, construction of roads and airport is, in turn, raising the demand for of highway vehicle market by enhancing the demand for construction equipment in these regions. The agriculture sector is also showing growth in this market. Application of agriculture tractor on the field is increasing hence encouraging the growth of off highway vehicle in this market also.
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The key questions answered in the report:
Table of Content:
Chapter 1. Market Synopsis1.1. Market Definition1.2. Research Scope & Premise1.3. Methodology1.4. Market Estimation TechniqueChapter 2. Executive Summary2.1. Summary Snapshot, 2019-2026Chapter 3. Indicative Metrics3.1. Macro Indicators3.1.1. Global rise in construction3.1.2. Increase in demand of mechanization in agriculture3.1.3. Fragmentation of the market3.1.4. Developing countries to show dominanceChapter 4. Off Highway Vehicle Engine Market Segmentation & Impact Analysis4.1. Off Highway Vehicle Engine Segmentation Analysis4.2. Industrial Outlook4.3. Regulatory Framework4.4. Off Highway Vehicle Engine Market Impact Analysis4.4.1. Market driver analysis4.4.1.1. Emergence of Infrastructure activities4.4.1.2. Rise in mechanization in agriculture4.4.2. Market restraint analysis4.4.2.1. High investment, maintenance, maintenance and operating cost4.5. Key opportunities prioritized4.5.1. Consolidation of markets4.5.2. Equipment renting and leasing...
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global Off Highway Vehicle Engine market on the basis of by power output, by engine capacity, by fuel type and region:
For the purpose of this report, Reports and Data have segmented global Off Highway Vehicle Engine market on the basis of by power output, by engine capacity, by fuel type and region:
By Power Output:
Construction & Mining Equipment
* <100 HP Engines
* 101-200 HP Engines
* 201-400 HP Engines
* >400 HP Engines
Agriculture Tractor Engines
* <30 HP Engines
* 31-50 HP Engines
* 51-80 HP Engines
* 81-140 HP Engines
* >140 HP Engines
By Engine Capacity:
* <5l Engines
* 5l-10l Engines
* >10l Engines
By Fuel Type:
* Diesel
* Gasoline
* Others
By Region Outlook (Revenue, USD Million; 2018-2028)
* North America
* U.S.
* Europe
* Germany
* UK
* Asia Pacific
* China
* India
* Latin America
* Brazil
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About us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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