Market Overview:
The global off-road engines 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% during the forecast period. The market growth can be attributed to the increasing demand for agricultural machinery, construction machinery, and generators across the globe. On the basis of type, the global off-road engines market has been segmented into single-cylinder engines and multi-cylinder engines. The single-cylinder engine segment is expected to account for a major share of the global off-road engines market in 2018. However, the multi-cylinder engine segment is anticipated to register higher CAGR during 2018–2030 owing to its growing demand from agricultural machinery and construction equipment applications. On the basis of application, Agricultural Machinery accounted for majority share in 2017 and it will continue dominating throughout forecast period with highest CAGR due rising adoption rates globally followed by Construction Machinery & Generator Applications respectively . Regionally North America commanded largest revenue share in 2017 which will grow significantly over next few years while Asia Pacific Off Road Engines Market Witness Highest Growth Rate During Forecast Period .
Product Definition:
Off-road engines are used in vehicles that travel off the paved roads. They are typically found in trucks, SUVs, and other larger vehicles. Off-road engines are important because they allow these vehicles to travel over rough terrain without damage.
Single-cylinder Engines:
Single-cylinder engines are the simplest form of internal combustion engine. It has one cylinder with a piston which is moved by the air or another fluid. The single-cylinder engines are mainly used in two forms, namely as an independent unit to power some mechanical device or as a part of a larger multi- cylindrical engine that functions together to produce motion and power.
The single cylinder can be arranged in various configurations such as vertical, horizontal.
Multi-cylinder Engines:
Multi-cylinder engines are a type of internal combustion engine with more than two cylinders. The number of cylinders may vary from four to six, depending upon the application. They have higher power and torque as compared to their counterparts, i.e., 2- cylindrical engines and can be used in all types of vehicles including cars, trucks or heavy machinery such as construction equipment or farm equipment.
Application Insights:
The construction machinery segment led the global off-road engines market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing infrastructure development activities across various regions, including Asia Pacific and Middle East & Africa. Generator is another prominent application segment for off-road engines, which accounted for more than 20% of the overall revenue share in 2017.
Agricultural machinery includes a wide range of products ranging from farm tractors to crop dusters that are used on farms or agricultural land for various purposes such as harvesting crops, weeding and fertilizing etc. The demand can vary significantly from year to year depending on several factors such as weather conditions (such as rainfall), farming practices adopted by farmers etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for off-road engines over the forecast period. The growth can be attributed to increasing demand from developing countries such as India and China. In 2017, Asia Pacific accounted for a share of more than 50% of total revenue owing to high agricultural production in these regions. Moreover, growing construction activities in emerging economies are anticipated to fuel product demand further over the next eight years.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% during the forecast period due to stringent government regulations regarding pollution caused by diesel engines coupled with rising awareness about environment protection across several countries including Germany, France, Italy and U.K., among others.
Growth Factors:
- Increasing demand for off-road vehicles from end-use industries such as construction, mining, and agriculture is expected to drive the growth of the off-road engines market.
- The increasing popularity of recreational activities such as dirt biking, all-terrain vehicle (ATV) riding, and four wheeling is also anticipated to fuel the demand for off-road engines in the coming years.
- Technological advancements in engine design and manufacturing are likely to result in higher efficiency and performance of off-road engines, thereby propelling their demand over the forecast period.
- Stringent emission norms across developed countries are likely to create opportunities for advanced low emission technologies in the global off road engine market over the next few years. 5 Emerging economies such as China and India are expected to offer significant growth potentials for players operating in this market owing to rising disposable incomes and growing awareness about recreational activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-road Engines Market Research Report
By Type
Single-cylinder Engines, Multi-cylinder Engines
By Application
Agricultural Machinery, Construction Machinery, Generator, Others
By Companies
Cummins, Caterpillar, MAN, Yuchai, Kubota, Volvo Penta, FPT, Deutz, Yanmar, Deere, Weichai Power, Kunming Yunnei Power, Mitsubishi Heavy Industries Engine & Turbocharger, Lombardini, Isuzu, Quanchai
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Off-road Engines Market Report Segments:
The global Off-road Engines market is segmented on the basis of:
Types
Single-cylinder Engines, Multi-cylinder Engines
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
Agricultural Machinery, Construction Machinery, Generator, Others
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:
- Cummins
- Caterpillar
- MAN
- Yuchai
- Kubota
- Volvo Penta
- FPT
- Deutz
- Yanmar
- Deere
- Weichai Power
- Kunming Yunnei Power
- Mitsubishi Heavy Industries Engine & Turbocharger
- Lombardini
- Isuzu
- Quanchai
Highlights of The Off-road Engines 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:
- Single-cylinder Engines
- Multi-cylinder Engines
- By Application:
- Agricultural Machinery
- Construction Machinery
- Generator
- Others
- 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 Engines 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?
Off-road engines are specifically designed for off-road use, such as in 4x4s and trucks. They have higher compression ratios and larger displacement than regular gasoline engines, which means they can handle more torque and generate more power on the trail.
Some of the key players operating in the off-road engines market are Cummins, Caterpillar, MAN, Yuchai, Kubota, Volvo Penta, FPT, Deutz, Yanmar, Deere, Weichai Power, Kunming Yunnei Power, Mitsubishi Heavy Industries Engine & Turbocharger, Lombardini, Isuzu, Quanchai.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off-road Engines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Off-road Engines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Off-road Engines Market - Supply Chain
4.5. Global Off-road Engines Market Forecast
4.5.1. Off-road Engines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off-road Engines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off-road Engines Market Absolute $ Opportunity
5. Global Off-road Engines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Off-road Engines Market Size and Volume Forecast by Type
5.3.1. Single-cylinder Engines
5.3.2. Multi-cylinder Engines
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off-road Engines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Off-road Engines Market Size and Volume Forecast by Application
6.3.1. Agricultural Machinery
6.3.2. Construction Machinery
6.3.3. Generator
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off-road Engines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Off-road Engines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Off-road Engines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Off-road Engines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Off-road Engines Demand Share Forecast, 2019-2026
9. North America Off-road Engines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Off-road Engines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Off-road Engines Market Size and Volume Forecast by Application
9.4.1. Agricultural Machinery
9.4.2. Construction Machinery
9.4.3. Generator
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Off-road Engines Market Size and Volume Forecast by Type
9.7.1. Single-cylinder Engines
9.7.2. Multi-cylinder Engines
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Off-road Engines Demand Share Forecast, 2019-2026
10. Latin America Off-road Engines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Off-road Engines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Off-road Engines Market Size and Volume Forecast by Application
10.4.1. Agricultural Machinery
10.4.2. Construction Machinery
10.4.3. Generator
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Off-road Engines Market Size and Volume Forecast by Type
10.7.1. Single-cylinder Engines
10.7.2. Multi-cylinder Engines
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Off-road Engines Demand Share Forecast, 2019-2026
11. Europe Off-road Engines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Off-road Engines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Off-road Engines Market Size and Volume Forecast by Application
11.4.1. Agricultural Machinery
11.4.2. Construction Machinery
11.4.3. Generator
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off-road Engines Market Size and Volume Forecast by Type
11.7.1. Single-cylinder Engines
11.7.2. Multi-cylinder Engines
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Off-road Engines Demand Share, 2019-2026
12. Asia Pacific Off-road Engines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Off-road Engines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Off-road Engines Market Size and Volume Forecast by Application
12.4.1. Agricultural Machinery
12.4.2. Construction Machinery
12.4.3. Generator
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Off-road Engines Market Size and Volume Forecast by Type
12.7.1. Single-cylinder Engines
12.7.2. Multi-cylinder Engines
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Off-road Engines Demand Share, 2019-2026
13. Middle East & Africa Off-road Engines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Off-road Engines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Off-road Engines Market Size and Volume Forecast by Application
13.4.1. Agricultural Machinery
13.4.2. Construction Machinery
13.4.3. Generator
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Off-road Engines Market Size and Volume Forecast by Type
13.7.1. Single-cylinder Engines
13.7.2. Multi-cylinder Engines
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Off-road Engines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Off-road Engines Market: Market Share Analysis
14.2. Off-road Engines Distributors and Customers
14.3. Off-road Engines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cummins
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caterpillar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MAN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yuchai
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kubota
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Volvo Penta
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FPT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Deutz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yanmar
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Deere
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Weichai Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kunming Yunnei Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mitsubishi Heavy Industries Engine & Turbocharger
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lombardini
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Isuzu
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Quanchai
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
