Off-Highway Vehicle Engine Market Size, Share and Forecasts 2026
The global Off-Highway Vehicle Engine is accounted for XX thousand units in 2017 market by volume and is expected to grow at a CAGR of 6.98 % to reach XX thousand units in 2025.
(EMAILWIRE.COM, September 05, 2019 ) Market Overview:
• An off-highway vehicle is a wheeled motorized vehicle not designed for use on highway and capable of cross-country travel on land, marsh, swampland, or another natural terrain. The market is mostly be driven by increased adoption off Highway Vehicle across construction and agriculture domain.
Market Dynamics:
• The increasing mechanization in agriculture across the globe is one of the prime driving factors of off-highway vehicle engines market. Agricultural mechanization is the process whereby equipment, machinery, and implements are utilized to boost agricultural and food production.
• The ever-increasing need and demand for food have resulted in increased penetration of mechanical equipment within agriculture such as tractors, harvesters, and crop sprayer. Moreover, growing demand from developed countries has also provided necessary support to the off-highway vehicle engines market.
• Further, Association of Equipment Manufacturers, US has expected a reliable forecast about agriculture vehicles sales and anticipated to reach 246.3 thousand vehicles by the end of 2020.
Market Segmentation:
• The global Off-Highway Vehicle Engine market is segmented by the power output of the engine and the fuel type.By the power output of the engine, the market is segmented into less than 100 HP, 101-200 HP, 201-400 HP, and more than 400 HP engines.
• By the fuel type, the market is segmented into gasoline, diesel, and others. The others category consists of liquefied petroleum gas and biofuels such as ethanol. Diesel engines hold the majority of the market share is owing to increased efficiency and low cost of diesel compared to gasoline.
• Gasoline engines are typically 30% efficient while diesel engines can convert over 45% of the fuel energy into mechanical energy. Diesel engines provide a unique combination of power, performance, reliability, fuel efficiency and now low emissions, it is the technology of choice and the workhorse of the construction sector, powering more than 75 percent of all heavy construction equipment across the globe.
Geographical Analysis:
• The global off-highway vehicle engine market is segmented into the regions:
• North America,
• Europe,
• Asia Pacific,
• South America,
• others.
Company profiles
Few of the key market players of the global off-highway vehicle engine market are:
• Caterpillar Inc.
• Cummins Inc.
• Deere & Company
• Others
View full sample report : https://www.datamintelligence.com/research-report/off-highway-vehicle-engine-marlet
Download free sample: https://www.datamintelligence.com/download-sample/off-highway-vehicle-engine-marlet
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• An off-highway vehicle is a wheeled motorized vehicle not designed for use on highway and capable of cross-country travel on land, marsh, swampland, or another natural terrain. The market is mostly be driven by increased adoption off Highway Vehicle across construction and agriculture domain.
Market Dynamics:
• The increasing mechanization in agriculture across the globe is one of the prime driving factors of off-highway vehicle engines market. Agricultural mechanization is the process whereby equipment, machinery, and implements are utilized to boost agricultural and food production.
• The ever-increasing need and demand for food have resulted in increased penetration of mechanical equipment within agriculture such as tractors, harvesters, and crop sprayer. Moreover, growing demand from developed countries has also provided necessary support to the off-highway vehicle engines market.
• Further, Association of Equipment Manufacturers, US has expected a reliable forecast about agriculture vehicles sales and anticipated to reach 246.3 thousand vehicles by the end of 2020.
Market Segmentation:
• The global Off-Highway Vehicle Engine market is segmented by the power output of the engine and the fuel type.By the power output of the engine, the market is segmented into less than 100 HP, 101-200 HP, 201-400 HP, and more than 400 HP engines.
• By the fuel type, the market is segmented into gasoline, diesel, and others. The others category consists of liquefied petroleum gas and biofuels such as ethanol. Diesel engines hold the majority of the market share is owing to increased efficiency and low cost of diesel compared to gasoline.
• Gasoline engines are typically 30% efficient while diesel engines can convert over 45% of the fuel energy into mechanical energy. Diesel engines provide a unique combination of power, performance, reliability, fuel efficiency and now low emissions, it is the technology of choice and the workhorse of the construction sector, powering more than 75 percent of all heavy construction equipment across the globe.
Geographical Analysis:
• The global off-highway vehicle engine market is segmented into the regions:
• North America,
• Europe,
• Asia Pacific,
• South America,
• others.
Company profiles
Few of the key market players of the global off-highway vehicle engine market are:
• Caterpillar Inc.
• Cummins Inc.
• Deere & Company
• Others
View full sample report : https://www.datamintelligence.com/research-report/off-highway-vehicle-engine-marlet
Download free sample: https://www.datamintelligence.com/download-sample/off-highway-vehicle-engine-marlet
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results