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This study’s aim to benchmark the total market penetration of the potential off-highway electric powertrain market and study the existing machines running on electric and hybrid technology in global markets. OEM and engine Manufacturers are increasingly embracing the future Mega Trend of Zero Emissions by expanding their portfolio of powertrain opt...

09 Jul 2021  |  Global  |  Market Outlook

Global Off-highway Vehicle Industry Outlook, 2021

Key Trends and Opportunities that will Aid Recovery of the Off-Highway Vehicle Market in 2021 and Beyond

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Though many regions are grappling with the impact of the COVID-19 pandemic, some have recovered earlier than the rest, to resume construction, farming, and mining operations due to recovering economies, and key OEMs are targeting those recovered markets to release their customized product designs as per regional demands and trends. This research in...

Off-highway equipment is used in mining, construction, forestry, agriculture, and energy and transportation applications. Many manufacturers compete for market share, but John Deere, AGCO Corporation, CNH Industrial, Caterpillar, and Komatsu are the dominant players. These companies have a strong presence in many markets and offer a range of produc...

The construction and agricultural equipment market is expected to experience moderate growth in the North American market and moderate-to-strong growth in the European market until 2030. Investments in residential, urban, and transportation infrastructure will drive sales of compact construction equipment, while the consolidation of farms (both in ...

Urbanization of inner-China, renewed focus in road and power infrastructure development in India, and inward-looking investments by the Middle Eastern nations, will stoke economic growth and drive off-highway vehicle demand in these regions in the next 4–5 years. The demand for construction machinery will grow in China owing to development in infra...

The trend opportunity profile series covers specific opportunities emerging from future trend evolutions designed to help clients discover and prioritize the most consequential medium-to-long-term trends that are actively transforming their businesses’ growth environment. These trend opportunity profiles cover 12 key industries: Aerospace and defen...

The construction and agricultural equipment market is expected to experience significant growth in APAC and moderate-to-slow growth in the Middle East and LATAM until 2030. Investment in residential, urban, and transportation infrastructure will drive sales of compact construction equipment, while farms (through rental) in APAC and LATAM will drive...

The OHW industry has always relied on retrofit solutions to prolong equipment life cycles, meet emission standards, and improve operating efficiency. During the past decade, several developments have happened in OHW retrofit solutions. The increasing cost of new retail equipment is breaking entry barriers for start-ups offering application-specific...

Research was carried out to analyse the Global market for military land vehicles, determine the market trends of the military land vehicles market, market structure, evaluate opportunities for vehicle suppliers and provide strategic recommendations and conclusions. A total of 98 countries, which represent more than 95% of the global defence budget ...