Market Overview:
The global off-road vehicles power unit market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The original market segment is expected to account for the majority share of the global off-road vehicles power unit market during the forecast period. However, the aftermarket segment is anticipated to register a higher CAGR over the forecast period. On the basis of type, car segment accounted for majority share in 2017 and it is projected to maintain its dominance throughout the forecast period. Motorcycle segment is anticipated exhibit highest growth rate over the forecast period owing to increasing demand from developing countries such as India and China. On basis of application, original equipment manufacturers (OEMs) held major share in 2017 and it projected retain its dominant position during 2018-2030 owing continuous replacement demand for new vehicles across all regions.
Product Definition:
An off-road vehicle power unit is a system that provides power to an off-road vehicle. The importance of an off-road vehicle power unit is that it provides the necessary power to the vehicle so that it can operate properly.
Car:
Car, it’s usage and growth factor in off-road vehicles power unit market is expected to witness significant growth over the forecast period. The demand for cars on road has been growing at a steady pace owing to increasing population and rising disposable income among middle class professionals. This trend is expected to continue over the next eight years, thus propelling car sales across the globe.
Motorcycle:
The motorcycle is a two-wheeler with a motor attached to the rear wheel. The power unit is an off-road vehicle that has at least one rider and one or more engines, which can be internal combustion or electric. Motorcycle can also be referred as bike, motorbike, moped etc., depending upon its size and usage.
Application Insights:
The original equipment market is expected to reach USD 2.97 billion by 2030. The growing demand for OE units in construction, mining and agriculture among other applications is projected to drive the overall off-road vehicles power unit market over the forecast period.
The aftermarket segment was valued at USD 1.18 billion in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing sales of replacement off-road vehicles power units due largely on account of high durability associated with them which has resulted in their increased usage even after major repair operations are completed on an original equipment basis.
Growing demand for electric motors used as replacements for gasoline or diesel engine powered four wheelers among others across various application areas including personal mobility, heavy machinery transport, agricultural machinery pull alongs.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for off-road vehicles in countries, such as China and India. In 2017, Asia Pacific accounted for a share of more than 60% of global off-road vehicle power unit production owing to low labor cost and high availability of raw materials in this region. Moreover, rising disposable income levels are anticipated to fuel product demand further over the next eight years.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for off-road vehicles from the construction and mining industries
- Growing popularity of recreational off-road driving
- Proliferation of 4x4s and other all-terrain vehicles as lifestyle products
- Advances in powertrain technologies that improve fuel efficiency and performance
- Regulatory incentives for the adoption of alternatively fueled vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-Road Vehicles Power Unit Market Research Report
By Type
Car, Motorcycle
By Application
Original Market, Aftermarket
By Companies
Textron, Yamaha, GM, Ford, BMW, Mercedes, Volkswagen, Textron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Off-Road Vehicles Power Unit Market Report Segments:
The global Off-Road Vehicles Power Unit market is segmented on the basis of:
Types
Car, Motorcycle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Original Market, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Textron
- Yamaha
- GM
- Ford
- BMW
- Mercedes
- Volkswagen
- Textron
Highlights of The Off-Road Vehicles Power Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Car
- Motorcycle
- By Application:
- Original Market
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off-Road Vehicles Power Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An off-road vehicles power unit is a device that converts the mechanical energy of an engine into electrical energy to supply power to various systems on an off-road vehicle.
Some of the major companies in the off-road vehicles power unit market are Textron, Yamaha, GM, Ford, BMW, Mercedes, Volkswagen, Textron.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off-Road Vehicles Power Unit Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Off-Road Vehicles Power Unit Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Off-Road Vehicles Power Unit Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Off-Road Vehicles Power Unit Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Off-Road Vehicles Power Unit Market Size & Forecast, 2018-2028 4.5.1 Off-Road Vehicles Power Unit Market Size and Y-o-Y Growth 4.5.2 Off-Road Vehicles Power Unit Market Absolute $ Opportunity
Chapter 5 Global Off-Road Vehicles Power Unit Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Off-Road Vehicles Power Unit Market Size Forecast by Type
5.2.1 Car
5.2.2 Motorcycle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Off-Road Vehicles Power Unit Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Off-Road Vehicles Power Unit Market Size Forecast by Applications
6.2.1 Original Market
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off-Road Vehicles Power Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Off-Road Vehicles Power Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Off-Road Vehicles Power Unit Analysis and Forecast
9.1 Introduction
9.2 North America Off-Road Vehicles Power Unit Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Off-Road Vehicles Power Unit Market Size Forecast by Type
9.6.1 Car
9.6.2 Motorcycle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Off-Road Vehicles Power Unit Market Size Forecast by Applications
9.10.1 Original Market
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Off-Road Vehicles Power Unit Analysis and Forecast
10.1 Introduction
10.2 Europe Off-Road Vehicles Power Unit Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Off-Road Vehicles Power Unit Market Size Forecast by Type
10.6.1 Car
10.6.2 Motorcycle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Off-Road Vehicles Power Unit Market Size Forecast by Applications
10.10.1 Original Market
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Off-Road Vehicles Power Unit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Off-Road Vehicles Power Unit Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Off-Road Vehicles Power Unit Market Size Forecast by Type
11.6.1 Car
11.6.2 Motorcycle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Off-Road Vehicles Power Unit Market Size Forecast by Applications
11.10.1 Original Market
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Off-Road Vehicles Power Unit Analysis and Forecast
12.1 Introduction
12.2 Latin America Off-Road Vehicles Power Unit Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Off-Road Vehicles Power Unit Market Size Forecast by Type
12.6.1 Car
12.6.2 Motorcycle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Off-Road Vehicles Power Unit Market Size Forecast by Applications
12.10.1 Original Market
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Off-Road Vehicles Power Unit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Off-Road Vehicles Power Unit Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Off-Road Vehicles Power Unit Market Size Forecast by Type
13.6.1 Car
13.6.2 Motorcycle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Off-Road Vehicles Power Unit Market Size Forecast by Applications
13.10.1 Original Market
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Off-Road Vehicles Power Unit Market: Competitive Dashboard
14.2 Global Off-Road Vehicles Power Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Textron
14.3.2 Yamaha
14.3.3 GM
14.3.4 Ford
14.3.5 BMW
14.3.6 Mercedes
14.3.7 Volkswagen
14.3.8 Textron