Market Overview:
The global off-road vehicle engine 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 market growth can be attributed to the increasing demand for all-terrain vehicles, off-road motorcycles, commercial off-road vehicles and military off-road vehicles. On the basis of type, the heat engine segment is expected to account for a major share of the global market during the forecast period. This can be attributed to its high efficiency and ability to generate more power as compared with other types of engines.
Product Definition:
An off-road vehicle engine is a type of engine that is specifically designed for use in off-road vehicles. Off-road vehicle engines are typically gasoline or diesel engines, and they are typically four-stroke engines. Off-road vehicle engines are important because they allow off-road vehicles to operate in difficult terrain and conditions.
Heat Engine:
The heat engine is a device that converts thermal energy into mechanical work. The working principle of these engines is based on the temperature difference between the hot and cold surroundings. These engines are primarily used in applications such as heating, ventilation, air conditioning (HVAC), refrigeration, cooking and processing.
The global HEV Engine market size was valued at USD 2 billion in 2015.
Non-Thermal Chemically Powered Motor:
Non-thermal chemically powered motor is a type of electric motor that does not rely on the thermal movement of fluids for power generation. These types of motors are typically used in off-road vehicles such as agricultural tractors, construction equipment, and others. The working principle behind these motors is different from the conventional ones as they do not have any form of a combustion chamber. Hence, there are no issues related to high temperature or carbon monoxide poisoning associated with these products.
Application Insights:
The others application segment includes construction, agricultural and forestry machinery, marine engines and other vehicles. The demand for the product is expected to increase in these applications owing to the growing need for transportation of goods across various regions. In addition, factors such as increasing industrialization along with urbanization are resulting in an increased requirement for heavy-duty off-road vehicles that can carry loads over rough terrains. This trend is projected to continue over the forecast period thereby driving market growth during the study period.
The commercial off-road vehicle segment accounted for a major share of revenue in 2017 owing to increasing demand from mining companies and utility companies operating across remote areas of different countries including Canada, Chile, Peru and Australia among others. These companies require robust equipment that are capable of functioning under extreme conditions such as high temperatures & humidity along with water logged terrain which results in increased adoption of on road & off road diesel engine types used by commercial operators thus fueling market growth during the estimated time frame.
Regional Analysis:
Asia Pacific is expected to be the largest market for off-road vehicles globally over the forecast period. The region accounted for a share of more than 60% in 2016 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing demand from countries such as China, India, Japan, South Korea and Australia among others. In addition, rising disposable income coupled with growing popularity of outdoor sports activities including motocross racing and mountain biking will drive regional product demand in near future.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2016 owing to high concentration of manufacturers located across European countries such as Germany, France Italy among others.
Growth Factors:
- Increasing demand for recreational activities and sports such as off-road driving, biking, and hiking is expected to drive the growth of the off-road vehicle engine market.
- The increasing popularity of adventure tourism is also anticipated to fuel the demand for off-road vehicles in the coming years.
- Rising disposable income of consumers is expected to boost sales of luxury and premium segment off-road vehicles, which will in turn spur growth of the overall market.
- Technological advancements in terms of engine design and performance are likely to create new opportunities for players operating in this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-Road Vehicle Engine Market Research Report
By Type
Heat Engine, Non-Thermal Chemically Powered Motor, Electric Motor, Physically Powered Motor
By Application
All-Terrain Vehicle, Off-Road Motorcycle, Commercial Off-Road Vehicle, Military Off-Road Vehicle, Others
By Companies
Chevrolet, Toyota, Ariel Nomad, Ford, Land Rover, Mercedes-Benz, Jeep, RAM, Nissan, Subaru
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Off-Road Vehicle Engine Market Report Segments:
The global Off-Road Vehicle Engine market is segmented on the basis of:
Types
Heat Engine, Non-Thermal Chemically Powered Motor, Electric Motor, Physically Powered Motor
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
All-Terrain Vehicle, Off-Road Motorcycle, Commercial Off-Road Vehicle, Military Off-Road Vehicle, 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:
- Chevrolet
- Toyota
- Ariel Nomad
- Ford
- Land Rover
- Mercedes-Benz
- Jeep
- RAM
- Nissan
- Subaru
Highlights of The Off-Road Vehicle Engine 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:
- Heat Engine
- Non-Thermal Chemically Powered Motor
- Electric Motor
- Physically Powered Motor
- By Application:
- All-Terrain Vehicle
- Off-Road Motorcycle
- Commercial Off-Road Vehicle
- Military Off-Road Vehicle
- 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 Vehicle Engine 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 vehicle engine is a type of engine specifically designed for use in off-road vehicles. Off-road engines typically have higher compression ratios and larger displacement than standard automotive engines, which allows them to generate more power and torque.
Some of the major companies in the off-road vehicle engine market are Chevrolet, Toyota, Ariel Nomad, Ford, Land Rover, Mercedes-Benz, Jeep, RAM, Nissan, Subaru.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market - Supply Chain
4.5. Global Off-Road Vehicle Engine Market Forecast
4.5.1. Off-Road Vehicle Engine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off-Road Vehicle Engine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off-Road Vehicle Engine Market Absolute $ Opportunity
5. Global Off-Road Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Type
5.3.1. Heat Engine
5.3.2. Non-Thermal Chemically Powered Motor
5.3.3. Electric Motor
5.3.4. Physically Powered Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off-Road Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
6.3.1. All-Terrain Vehicle
6.3.2. Off-Road Motorcycle
6.3.3. Commercial Off-Road Vehicle
6.3.4. Military Off-Road Vehicle
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Demand Share Forecast, 2019-2029
9. North America Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
9.4.1. All-Terrain Vehicle
9.4.2. Off-Road Motorcycle
9.4.3. Commercial Off-Road Vehicle
9.4.4. Military Off-Road Vehicle
9.4.5. 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 Vehicle Engine Market Size and Volume Forecast by Type
9.7.1. Heat Engine
9.7.2. Non-Thermal Chemically Powered Motor
9.7.3. Electric Motor
9.7.4. Physically Powered Motor
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 Vehicle Engine Demand Share Forecast, 2019-2029
10. Latin America Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
10.4.1. All-Terrain Vehicle
10.4.2. Off-Road Motorcycle
10.4.3. Commercial Off-Road Vehicle
10.4.4. Military Off-Road Vehicle
10.4.5. 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 Vehicle Engine Market Size and Volume Forecast by Type
10.7.1. Heat Engine
10.7.2. Non-Thermal Chemically Powered Motor
10.7.3. Electric Motor
10.7.4. Physically Powered Motor
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 Vehicle Engine Demand Share Forecast, 2019-2029
11. Europe Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
11.4.1. All-Terrain Vehicle
11.4.2. Off-Road Motorcycle
11.4.3. Commercial Off-Road Vehicle
11.4.4. Military Off-Road Vehicle
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off-Road Vehicle Engine Market Size and Volume Forecast by Type
11.7.1. Heat Engine
11.7.2. Non-Thermal Chemically Powered Motor
11.7.3. Electric Motor
11.7.4. Physically Powered Motor
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 Vehicle Engine Demand Share, 2019-2029
12. Asia Pacific Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
12.4.1. All-Terrain Vehicle
12.4.2. Off-Road Motorcycle
12.4.3. Commercial Off-Road Vehicle
12.4.4. Military Off-Road Vehicle
12.4.5. 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 Vehicle Engine Market Size and Volume Forecast by Type
12.7.1. Heat Engine
12.7.2. Non-Thermal Chemically Powered Motor
12.7.3. Electric Motor
12.7.4. Physically Powered Motor
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 Vehicle Engine Demand Share, 2019-2029
13. Middle East & Africa Off-Road Vehicle Engine 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 Vehicle Engine 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 Vehicle Engine Market Size and Volume Forecast by Application
13.4.1. All-Terrain Vehicle
13.4.2. Off-Road Motorcycle
13.4.3. Commercial Off-Road Vehicle
13.4.4. Military Off-Road Vehicle
13.4.5. 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 Vehicle Engine Market Size and Volume Forecast by Type
13.7.1. Heat Engine
13.7.2. Non-Thermal Chemically Powered Motor
13.7.3. Electric Motor
13.7.4. Physically Powered Motor
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 Vehicle Engine Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Off-Road Vehicle Engine Market: Market Share Analysis
14.2. Off-Road Vehicle Engine Distributors and Customers
14.3. Off-Road Vehicle Engine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chevrolet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toyota
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ariel Nomad
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ford
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Land Rover
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mercedes-Benz
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jeep
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. RAM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nissan
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Subaru
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
