Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Off-Road Vehicle Engine 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Off-Road Vehicle Engine 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131648 3300 Automobile & Transportation 377 240 Pages 4.9 (46)
                                          

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.


Global Off-Road Vehicle Engine Industry Outlook


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:

  1. Chevrolet
  2. Toyota
  3. Ariel Nomad
  4. Ford
  5. Land Rover
  6. Mercedes-Benz
  7. Jeep
  8. RAM
  9. Nissan
  10. Subaru

Global Off-Road Vehicle Engine Market Overview


Highlights of The Off-Road Vehicle Engine Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Heat Engine
    2. Non-Thermal Chemically Powered Motor
    3. Electric Motor
    4. Physically Powered Motor
  1. By Application:

    1. All-Terrain Vehicle
    2. Off-Road Motorcycle
    3. Commercial Off-Road Vehicle
    4. Military Off-Road Vehicle
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Off-Road Vehicle Engine Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
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

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