Off-Road Vehicle Engine Market Analysis of 2019 by Growth Rates, Major Factors, Restrictions, Future Trends, Opportunities and Challenges to 2024

Market Review
The global market for off-highway vehicle engines is expected to show an annualized annual growth rate of 7.67% over the forecast period 2019-2024.
– The growth of off-highway vehicle engines depends on the growth rate of the agricultural and construction machinery industry. The growing trend towards the development of agriculture in developing countries and the increase in construction projects for residential and commercial buildings worldwide are driving the construction and agricultural machinery markets.
– Globally, construction is expected to become one of the most profitable sectors over the next decade. The demand for construction machinery has been increased throughout Europe.The recovery of the European construction industry has improved mining and quarrying, and a favorable low interest environment has further stimulated investment.
– For the global construction industry, significant growth is expected in the coming years with good opportunities in the areas of infrastructure, housing and non-housing. Some of the key factors driving the market are the increasing number of multi-family homes (with the growing trend of nuclear families); roadways, highways, smart cities, subways, bridges and highways due to the growing population and urbanization.

Request a sample of this report at

Scope of the report
In the scope of the market, only engines that have been used in agricultural and construction machinery have been considered.
The market study for off-highway vehicle engines covers both performance and fuel type.
Major market trends
50-70 hp – largest segment after agricultural performance
The market for 50-70 hp agricultural engines is expected to grow rapidly over the forecast period, with an annualized annual growth rate of 7.78%.
– Agricultural machines under 50-70 HP mainly include tractors and medium-sized ranks.
– The medium-sized combine harvesters, with an average length of 4.8 m, a width of 2.2 m and a height of 2.8 m, were frequently used on paddy fields, especially in ASEAN countries such as the Philippines, Indonesia, Vietnam and India. Thus, in 2017, the Asia-Pacific region accounted for more than 80% of the total for the medium-sized combine market. The leading suppliers of medium-sized companies in the Asia-Pacific market include Kubota Corporation and Yanmar Co. Ltd.
– According to CEMA, tractor sales of 50 to 70 hp in Europe remain stable in 2017 as only a few EU countries such as Spain, Denmark and the United Kingdom saw tractor increase from 50 to 70 hp. The United Kingdom recorded 12,033 tractor units (more than 50 hp) in 2017, an increase of 1.5% over 2016.
– While the US and Canada saw a decline in sales of 50-70 hp semitrailer tractors, they registered one Increase of tractors below 40 hp in 2017.
– India is one of the emerging markets in the agricultural sector, where there is a sustained demand for more than 50 hp tractors over the past three years due to the state of the art agricultural economy in india the country and rapid improvement of the tractor industry.
– Increasing demand for more than 50 hp tractors in the Asia-Pacific region and the European market for agricultural machinery should increase to 50 to 70 hp over the forecast period.

Request for discount at

Asia-Pacific continues to dominate the global market
China is expected to see a revival of the market for excavators and other types of construction machinery during the forecast period. Public spending on municipal infrastructure projects is the main reason for the good sale of construction machinery in 2018. For example, cities across the country are expanding subways and other urban transport systems.

In 2018, China is expected to continue implementing Guangdong, Hong Kong and the Macao Bay Area.
In addition, restrictions on foreign investment in land development, quality hotels, office buildings, and large-scale exhibition parks in China were lifted. This should increase construction activity in the country as well as the demand for high-performance construction equipment in the forecast period.

In India, too, the investment in the infrastructure sector and other government strategic initiatives should boost the country’s construction sector. This in turn should boost demand for and use of construction equipment in the country. In addition, India is one of the largest tractor markets in the world, with 41 to 50 hp representing the largest sales segment. Tractors and tillers play an important role in the overall development of the agricultural sector in the country.

Competitive environment
The market is being conquered by some of the key players as Yanmar Co., Ltd., Cummins, Deutz AG, Man Engines & Components Inc., Deere & Company, Caterpillar Inc., Volvo Penta and others.
Komatsu off-highway engines are classified as Cummins because the company has entered into a joint venture agreement with Cummins to produce diesel engines.

Read the full report at

Reasons to Purchase This Report:
– The Excel Excel
Marketsheet (ME) – Report Customization to Customer’s Needs
– 3 months of analyst support

Table of Contents

1.1 Study results
1.2 Study assumptions
1.3 Scope of the study



4.1 Market Overview
4.2 Introduction to Market Drivers and Restrictions
4.3 Market Drivers
4.4 Market Restrictions
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Market Participants
Bargaining Power of the Buyer / Consumer 4.5.3 Bargaining Power of the Suppliers
4.5.4 Threat by
substitutes 4.5.5 Intensity of competitive rivalry

5.1 Power Output
5.1.1 Agricultural machinery Up to 30 hp 30-50 hp 50-70 hp 70+ hp
5.1.2 Construction machinery Up to 100 hp 100 -120 hp 200-400 hp 400+ hp
5.2 Fuel type
5.2.1 Petrol
5.2.2 Diesel
5.2.3 Other
5.3 Geography
5.3.1 North America USA Canada Mexico
5.3. 1.4 Other North America
5.3.2 Europe Germany United Kingdom France Russia Spain Rest of Europe
5.3 .3 Asia-Pacific China Japan India Other Asia-Pacific
5.3.4 South America Brazil Argentina Other South America
5.3.5 Middle East & Africa
South Africa South Africa Rest of the Middle East & Africa

6.1 Market share of suppliers
6.2 Mergers and acquisitions
6.3 Company
profiles 6.3.1 AGCO POWER
6.3.2 Caterpillar Inc.
6.3.3 Cummins
6.3.4 Deere & Company
6.3.5 Deutz AG

Continuation ….

About us:

Orbis Research ( is a central aid to all your market research needs. We have an extensive database of reports from the world’s leading publishers and authors. We specialize in providing customized reports according to the needs of our customers. We have complete information about our publishers and are confident that the industries and sectors of their specialization are accurate. This helps our customers to understand their needs, and we create the perfect market research study for our clients.

Contact Us:

Hector Costello
Senior Manager –
Customer Care 4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, United States
Phone Number  : +1 (972) -362-8199; +91 895 659 5155

Leave a Reply

Your email address will not be published. Required fields are marked *