The key players in automotive off-highway engine market are Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), Kubota Corporation (Japan), Volvo Group (Sweden), and Mahindra and Mahindra Limited (India). Deere & Company (U.S.), J.C. Bamford Excavators Limited (U.K.), AGCO Corporation (U.S.), and Massey Ferguson Limited (U.S.) are among others.
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Global Automotive Off-Highway Engine Market Regional Analysis:
The Asia Pacific accounts for the leading market for the automotive off-highway engine, capturing the largest market share of the global market. With the rapid expansion in the automotive industry in the developing nations such as China, India, and Japan, the OEM’s have been focusing on developing technologically advanced and powerful engines to gain high torque and performance.
Furthermore, the presence of long-established original equipment manufacturers provides impetus to the growth of the market in the region, providing the strong base for the robust development. Japan, being the automation research hub of Asia, leads the innovation in the market. Rising automation in agriculture and construction sectors in developing economies such as India and China are substantiating the demand for high powered off-highway engines.
The automotive industry manufactures automobiles not only for transportation of passengers and goods & materials, but also to produce specialized vehicles. These specialty vehicles are manufactured according to the requirement in fields such as agriculture, construction, and oil refineries. Often, the entire automobile is custom made according to the unique need of the niche operation, for which the vehicle is to be used. The power requirement and the load requirement of the operation, decide the manufacture of the off-highway engine. The off-highway engine must adhere to the strict emission norms laid down by the government and hence its production requires special design and production layout.
There are several factors that are responsible for the growth of the global automotive off-highway engine market. Firstly, the globally increasing population leads to the need for automation and mass scale production. Secondly, greater productivity can be achieved using advanced machinery, which works on off-highway engines, thus saving time. Thirdly, labor cost can be reduced with the use of these engines leading to a decrease in the production cost in any field of operation. The global automotive off-highway engine market is expected to expand with a CAGR of approx. 9% (2017 to 2023).
Global Automotive Off-Highway Engine Market Segmentation:
The Global Automotive Off-Highway Engine Market is segmented into flour key dynamics for an easy grasp and enhanced understanding.
By Power Output: Comprises – 30-100 HP, 100-400 HP, above 400 HP.
By Engine Capacities: <5 Litre, 5.1-10 Litre, >10 Litre.
By Fuel Types: Diesel and Gasoline among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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