Hybridization Trends in the Global Off-highway Vehicle Market, 2017–2025
Hybridization Trends in the Global Off-highway Vehicle Market, 2017–2025
Global Demand for Hybrid Off-highway Vehicles (OHVs) Will Double During the Period to Reach 51,585 Units in 2025
02-Apr-2018
Global
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Description
This aim of this study is to research, identify, and understand the global hybridization trends in select off-highway vehicle markets. OEMs and engine manufacturers are increasingly embracing the future Mega Trend of zero emissions by expanding their portfolio of powertrain options. The need to comply with the strengthening emission regulations and the need for lesser fuel consumption have led to off-highway OEMs and suppliers developing a range of hybrid technologies that will enable fuel savings of up to 50% as well as machinery with improved operability.
This study provides a strategic overview of the hybridization in the OHV industry globally (including North America, Europe, Asia, Rest of World), with a detailed look at market size forecasts from 2018 to 2025. The study also analyses the key drivers and restraints, market trends, growth opportunities, and the competitive landscape from 2017 to 2025. It also provides a market overview and the technology trends impacting select off-highway commercial vehicle markets. An ongoing trend in the market is broadening the range of applications and driving down costs to enable further penetration of technologies. Hybrid powertrains will establish a premium market segment globally and provide opportunities for original equipment manufacturers, suppliers, and service providers.
Research Scope
The market trends are analyzed for a study period of 2018 to 2025, with the base year being 2017. Companies mentioned in the competitive landscape of this study are CNH Industrial, Caterpillar, Cummins, TEREX Corporation, LIEBHERR, Volvo Construction Equipment , Yanmar ARG, and Doosan Infracore, Hitachi Construction Machinery, and SANY HEAVY INDUSTRY.
Geographic Scope: The geographic scope of the study is global and includes, Europe (All 28 European Union countries), Russia, the US, Brazil, Mexico, Africa (Kenya, Nigeria, Algeria, South Africa, Tanzania, and Uganda), Asia-Pacific (India, China, Japan, Thailand, Indonesia, Vietnam, Cambodia, and Australia), Latin America, and Israel.
Secondary Research: This includes the extraction of information from existing reports and project materials within the Frost & Sullivan database, to include data and information gathered from technical papers, specialized magazines, seminars, and Internet research.
Primary Research: More than 10 interviews have been conducted over the phone by senior consultants/industry analysts with original equipment suppliers, regulation authorities, and distributors. Primary research has accounted for 80% of the total research.
Key Issues Addressed
- What is the existing market structure of hybrid powertrain in off-highway equipment across the globe?
- What are the emerging markets for hybrid powertrain in off-highway equipment and why?
- What are the growth drivers, challenges, and opportunities in the global market?
- What are the technology trends across the global market?
- What is the outlook for the global hybrid power train in off-highway equipment in 2025?
Table of Contents
Key Findings
Market Engineering Measurements
Key Findings and Future Outlook
Powertrain Landscape 2017
OHV Vehicles Hybrid Technology Roadmap
Technology Analysis—Key Hybrid Powertrain Subsystems
Decline in Battery Prices to Drive Electrification
Product Mapping
Hybrid Excavator Landscape 2017
Hybrid Loader Landscape 2017
Research Scope
Research Aims and Objectives
Research Methodology
Market Segmentation
Market Drivers
Market Restraints
Historical Development of Hybridization in Off-highway Vehicle Industry
Key Findings and Future Outlook
Global Business Outlook
Technology Analysis—Technology Roadmap
Explanation of Technology Roadmap
Powertrain Configurations
Parallel Hybrid Electric Vehicles
Series Hybrid Electric Vehicles
Combination of Parallel and Series
Regional Snapshot
Factors Affecting Construction Equipment Emissions
Need for Hybrid Powertrain
Key Hybrid Powertrain Subsystems
3 Steps to Minimize Emission in OHV
Emission Norms Roadmap
Emission Norms
Emission Norms—Euro Standards
Emission Norms—EPA Standards
Emission Norms—Bharat Stage
Market Engineering Measurements
Off-highway Vehicle Hybridization—Market Outlook
Global Off-highway Vehicle Unit Shipment Forecast
Regional Snapshot
Off-Highway Hybrid Powertrain Production Forecast
Hybrid Powertrain Penetration
Off-Highway Hybrid Powertrain Production Forecast by Product Type
Off-Highway Hybrid Powertrain Production Forecast by Region
CATERPILLAR INC.
OEM Profiles—Caterpillar
LIEBHERR AG
TEREX Corporation
Volvo Construction Equipment
OEM Profiles—Volvo
Komatsu Ltd.
Doosan Infracore
Hitachi Construction Machinery
CNH Industrial NV
SANY HEAVY INDUSTRY CO.,LTD
YANMAR CO.,LTD.
Mitsubishi Heavy Equipment
OEM Profiles—Deutz-Heinzmann
OEM Profiles—Mecalac
Products Offered
Collaboration—Global Opportunity
Key Findings and Future Outlook
Strategic Recommendations—OEM
Strategic Recommendations—Suppliers
Key Conclusion
Legal Disclaimer
List of Exhibits
- 1. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025
- 2. Off-highway Vehicle Market: Powertrain Landscape, Global, 2017
- 3. Off-highway Vehicle Market: Unit Shipment Forecast, Global, 2017–2025
- 4. Off-highway Vehicle Market: Partial List of Key Participants, Global, 2017
- 5. Off-highway Vehicle Market: Key Market Drivers, Global, 2018–2025
- 6. Off-highway Vehicle Market: Key Market Restraints, Global, 2018–2025
- 7. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025
- 8. Off-highway Vehicle Market: Market Segmentation, Global, 2017–2025
- 9. Average Fuel Consumption for CAT Excavators, 1990–2017
- 10. Average Fuel Consumption for CAT Crawlers, 1990–2017
- 11. Off-highway Vehicle Market: Emission Roadmap, Global, 1998–2025
- 12. Emission Standards, Euro Stage I, 1999–2001
- 13. Emission Standards, Euro Stage II, 2001–2004
- 14. Emission Standards, Euro Stage III, 2004–2013
- 15. Emission Standards, Euro Stage III EEV, 2006–2013
- 16. Emission Standards, Euro Stage IV, 2013–2014
- 17. Emission Standards, Euro Stage IV EEV, 2013–2014
- 18. Emission Standards, Euro Stage V, 2014–Present
- 19. Emission Standards, Euro Stage V EEV, 2014–Present
- 20. Emission Standards, EPA Tier 1, 1996–2000
- 21. Emission Standards, EPA Tier 2, 2000–2008
- 22. Emission Standards, EPA Tier 3, 2000–2008
- 23. Emission Standards, EPA Tier 4, 2008–2015
- 24. Emission Standards, Bharat Stage 2, 2007–2011
- 25. Emission Standards, Bharat Stage 3, 2011–Present
- 26. Emission Standards, Bharat Stage I, 1999–2003
- 27. Emission Standards, Bharat Stage II, 2003–2005
- 28. Emission Standards, Bharat Stage III, 2005–2010
- 29. Emission Standards, Bharat Stage III A, 2017
- 30. Off-highway Vehicle Market: Market Engineering Measurements, Global, 2017
- 31. Off-highway Vehicle Market: Forecasting Assumptions, Global, 2017–2025
- 32. Off-highway Vehicle Market: Product Range, Global, 2015–2017
- 33. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025
- 1. Off-highway Vehicle Market: Key Findings, Global, 2017–2025
- 2. Off-highway Vehicle Market: Market Engineering Measurements, Global, 2017
- 3. Off-highway Vehicle Market: Powertrain Landscape, Global, 2017
- 4. Off-highway Vehicle Market: Technology Roadmap, Global, 2000–2050
- 5. Off-highway Vehicle Market: Battery Landscape, Global, 2017–2030
- 6. Off-highway Vehicle Market: Battery Cost, Global, 2010–2016
- 7. Off-highway Vehicle Market: Future Battery Cost, Global, 2020–2030
- 8. Off-highway Vehicle Market: Hybrid Excavator Landscape, Global, 2017
- 9. Off-highway Vehicle Market: Hybrid Wheel Loader Landscape, Global, 2017
- 10. Off-highway Vehicle Market: Market Segmentation, Global, 2017
- 11. Off-highway Vehicle Market: Historical Development, Global, 1997–2017
- 12. Off-highway Vehicle Market: Business Outlook, Global, 2017–2025
- 13. Off-highway Vehicle Market: Technology Analysis—Technology Roadmap, Global, 2017–2025
- 14. Off-highway Vehicle Market: Powertrain Configurations, Global, 2017–2025
- 15. Off-highway Vehicle Market: Regional Snapshot, Global, 2017–2025
- 16. Off-highway Vehicle Market: Key Hybrid Powertrain Subsystems, Global, 2017–2025
- 17. Off-highway Vehicle Market: Steps to Minimize Emissions in OHV, Global, 2017–2025
- 18. Off-highway Vehicle Market: Forecast and Outlook, Global, 2017–2025
- 19. Off-highway Vehicle Market: Unit Shipment Forecast, Global, 2017–2025
- 20. Off-highway Vehicle Market: Regional Snapshot, Global, 2017–2025
- 21. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast, Global, 2017–2025
- 22. Off-highway Vehicle Market: Hybrid Powertrain Penetration, Global, 2017–2025
- 23. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast by Product Type, 2017–2025
- 24. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast by Region, Global, 2017–2025
- 25. Off-highway Vehicle Market: Caterpillar’s Market Breakdown by Region, Global, 2016
- 26. Off-highway Vehicle Market: Caterpillar’s Performance, Global, 2014–2016
- 27. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017
- 28. Off-highway Vehicle Market: LIEBHERR AG’s Product Mix, Global, 2016
- 29. Off-highway Vehicle Market: LIEBHERR AG’s Performance, Global, 2014–2016
- 30. Off-highway Vehicle Market: TEREX Corporation’s Market Breakdown by Region, Global, 2016
- 31. Off-highway Vehicle Market: TEREX Corporation’s Performance, Global, 2014–2016
- 32. Off-highway Vehicle Market: Volvo’s Market Breakdown by Region, Global, 2016
- 33. Off-highway Vehicle Market: Volvo’s Performance, Global, 2014–2016
- 34. Off-highway Vehicle Market: Competitive Landscape, Global, 2017–2025
- 35. Off-highway Vehicle Market: Komatsu’s Market Breakdown by Region, Global, 2016
- 36. Off-highway Vehicle Market: Komatsu’s Performance, Global, 2014–2016
- 37. Off-highway Vehicle Market: Competitive Landscape, Global, 2017–2025
- 38. Off-highway Vehicle Market: Doosan Infracore’s Market Breakdown by Region, Global, 2016
- 39. Off-highway Vehicle Market: Doosan Infracore’s Performance, Global, 2014–2016
- 40. Off-highway Vehicle Market: Competitive Landscape, Global, 2014–2016
- 41. Off-highway Vehicle Market: Hitachi Construction Machinery’s Market Breakdown by Region, Global, 2016
- 42. Off-highway Vehicle Market: Hitachi Construction Machinery’s Performance, Global, 2014–2016
- 43. Off-highway Vehicle Market: CHN Industrial NV’s Market Breakdown by Region, Global, 2016
- 44. Off-highway Vehicle Market: CHN Industrial NV’s Performance, Global, 2014–2016
- 45. Off-highway Vehicle Market: SANY HEAVY INDUSTRY’s Performance, Global, 2013–2015
- 46. Off-highway Vehicle Market: SANY HEAVY INDUSTRY’s Market Breakdown by Region, Global, 2016
- 47. Off-highway Vehicle Market: YANMAR’s Performance, Global, 2015–2017
- 48. Off-highway Vehicle Market: Mitsubishi Heavy Equipment’s Performance, Global, 2015–2017
- 49. Off-highway Vehicle Market: Mitsubishi Heavy Equipment’s Product Mix, Global, 2016
- 50. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017
- 51. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017
Popular Topics
Research Scope
The market trends are analyzed for a study period of 2018 to 2025, with the base year being 2017. Companies mentioned in the competitive landscape of this study are CNH Industrial, Caterpillar, Cummins, TEREX Corporation, LIEBHERR, Volvo Construction Equipment , Yanmar ARG, and Doosan Infracore, Hitachi Construction Machinery, and SANY HEAVY INDUSTRY.
Geographic Scope: The geographic scope of the study is global and includes, Europe (All 28 European Union countries), Russia, the US, Brazil, Mexico, Africa (Kenya, Nigeria, Algeria, South Africa, Tanzania, and Uganda), Asia-Pacific (In
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Podcast | No |
Table of Contents | | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || Key Findings and Future Outlook~ || Powertrain Landscape 2017~ || OHV Vehicles Hybrid Technology Roadmap~ || Technology Analysis—Key Hybrid Powertrain Subsystems~ || Decline in Battery Prices to Drive Electrification~ || Product Mapping~ || Hybrid Excavator Landscape 2017~ || Hybrid Loader Landscape 2017~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Methodology~ | Market Overview and Classification~ || Market Segmentation~ | Market Dynamics~ || Market Drivers~ || Market Restraints~ | Technology Trends and Analysis~ || Historical Development of Hybridization in Off-highway Vehicle Industry~ || Key Findings and Future Outlook~ || Global Business Outlook~ || Technology Analysis—Technology Roadmap~ || Explanation of Technology Roadmap~ || Powertrain Configurations~ || Parallel Hybrid Electric Vehicles~ || Series Hybrid Electric Vehicles~ || Combination of Parallel and Series~ || Regional Snapshot~ || Factors Affecting Construction Equipment Emissions~ || Need for Hybrid Powertrain~ || Key Hybrid Powertrain Subsystems~ || 3 Steps to Minimize Emission in OHV~ || Emission Norms Roadmap~ || Emission Norms~ || Emission Norms—Euro Standards~ || Emission Norms—EPA Standards~ || Emission Norms—Bharat Stage~ | Quantitative Forecast~ || Market Engineering Measurements~ || Off-highway Vehicle Hybridization—Market Outlook~ || Global Off-highway Vehicle Unit Shipment Forecast~ || Regional Snapshot~ || Off-Highway Hybrid Powertrain Production Forecast~ || Hybrid Powertrain Penetration~ || Off-Highway Hybrid Powertrain Production Forecast by Product Type~ || Off-Highway Hybrid Powertrain Production Forecast by Region~ | Competitive Landscape~ || CATERPILLAR INC.~ || OEM Profiles—Caterpillar~ || LIEBHERR AG~ || TEREX Corporation~ || Volvo Construction Equipment~ || OEM Profiles—Volvo~ || Komatsu Ltd.~ || Doosan Infracore~ || Hitachi Construction Machinery~ || CNH Industrial NV~ || SANY HEAVY INDUSTRY CO.,LTD~ || YANMAR CO.,LTD.~ || Mitsubishi Heavy Equipment~ || OEM Profiles—Deutz-Heinzmann~ || OEM Profiles—Mecalac~ || Products Offered~ | Growth Opportunities~ || Collaboration—Global Opportunity~ | Conclusions and Future Outlook~ || Key Findings and Future Outlook~ || Strategic Recommendations—OEM~ || Strategic Recommendations—Suppliers~ || Key Conclusion~ || Legal Disclaimer~ | Appendix~ || List of Exhibits~ | The Frost & Sullivan Story~ |
List of Charts and Figures | 1. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025~ 2. Off-highway Vehicle Market: Powertrain Landscape, Global, 2017~ 3. Off-highway Vehicle Market: Unit Shipment Forecast, Global, 2017–2025~ 4. Off-highway Vehicle Market: Partial List of Key Participants, Global, 2017~ 5. Off-highway Vehicle Market: Key Market Drivers, Global, 2018–2025~ 6. Off-highway Vehicle Market: Key Market Restraints, Global, 2018–2025~ 7. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025~ 8. Off-highway Vehicle Market: Market Segmentation, Global, 2017–2025 ~ 9. Average Fuel Consumption for CAT Excavators, 1990–2017~ 10. Average Fuel Consumption for CAT Crawlers, 1990–2017~ 11. Off-highway Vehicle Market: Emission Roadmap, Global, 1998–2025 ~ 12. Emission Standards, Euro Stage I, 1999–2001~ 13. Emission Standards, Euro Stage II, 2001–2004~ 14. Emission Standards, Euro Stage III, 2004–2013~ 15. Emission Standards, Euro Stage III EEV, 2006–2013~ 16. Emission Standards, Euro Stage IV, 2013–2014~ 17. Emission Standards, Euro Stage IV EEV, 2013–2014~ 18. Emission Standards, Euro Stage V, 2014–Present~ 19. Emission Standards, Euro Stage V EEV, 2014–Present~ 20. Emission Standards, EPA Tier 1, 1996–2000~ 21. Emission Standards, EPA Tier 2, 2000–2008~ 22. Emission Standards, EPA Tier 3, 2000–2008~ 23. Emission Standards, EPA Tier 4, 2008–2015~ 24. Emission Standards, Bharat Stage 2, 2007–2011~ 25. Emission Standards, Bharat Stage 3, 2011–Present~ 26. Emission Standards, Bharat Stage I, 1999–2003~ 27. Emission Standards, Bharat Stage II, 2003–2005~ 28. Emission Standards, Bharat Stage III, 2005–2010~ 29. Emission Standards, Bharat Stage III A, 2017~ 30. Off-highway Vehicle Market: Market Engineering Measurements, Global, 2017~ 31. Off-highway Vehicle Market: Forecasting Assumptions, Global, 2017–2025~ 32. Off-highway Vehicle Market: Product Range, Global, 2015–2017 ~ 33. Off-highway Vehicle Market: Current and Future Outlook, Global, 2017–2025~| 1. Off-highway Vehicle Market: Key Findings, Global, 2017–2025~ 2. Off-highway Vehicle Market: Market Engineering Measurements, Global, 2017~ 3. Off-highway Vehicle Market: Powertrain Landscape, Global, 2017~ 4. Off-highway Vehicle Market: Technology Roadmap, Global, 2000–2050~ 5. Off-highway Vehicle Market: Battery Landscape, Global, 2017–2030~ 6. Off-highway Vehicle Market: Battery Cost, Global, 2010–2016~ 7. Off-highway Vehicle Market: Future Battery Cost, Global, 2020–2030~ 8. Off-highway Vehicle Market: Hybrid Excavator Landscape, Global, 2017~ 9. Off-highway Vehicle Market: Hybrid Wheel Loader Landscape, Global, 2017~ 10. Off-highway Vehicle Market: Market Segmentation, Global, 2017~ 11. Off-highway Vehicle Market: Historical Development, Global, 1997–2017~ 12. Off-highway Vehicle Market: Business Outlook, Global, 2017–2025~ 13. Off-highway Vehicle Market: Technology Analysis—Technology Roadmap, Global, 2017–2025~ 14. Off-highway Vehicle Market: Powertrain Configurations, Global, 2017–2025~ 15. Off-highway Vehicle Market: Regional Snapshot, Global, 2017–2025~ 16. Off-highway Vehicle Market: Key Hybrid Powertrain Subsystems, Global, 2017–2025~ 17. Off-highway Vehicle Market: Steps to Minimize Emissions in OHV, Global, 2017–2025~ 18. Off-highway Vehicle Market: Forecast and Outlook, Global, 2017–2025~ 19. Off-highway Vehicle Market: Unit Shipment Forecast, Global, 2017–2025~ 20. Off-highway Vehicle Market: Regional Snapshot, Global, 2017–2025~ 21. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast, Global, 2017–2025~ 22. Off-highway Vehicle Market: Hybrid Powertrain Penetration, Global, 2017–2025~ 23. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast by Product Type, 2017–2025~ 24. Off-highway Vehicle Market: Hybrid Powertrain Production Forecast by Region, Global, 2017–2025~ 25. Off-highway Vehicle Market: Caterpillar’s Market Breakdown by Region, Global, 2016~ 26. Off-highway Vehicle Market: Caterpillar’s Performance, Global, 2014–2016~ 27. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017~ 28. Off-highway Vehicle Market: LIEBHERR AG’s Product Mix, Global, 2016~ 29. Off-highway Vehicle Market: LIEBHERR AG’s Performance, Global, 2014–2016~ 30. Off-highway Vehicle Market: TEREX Corporation’s Market Breakdown by Region, Global, 2016~ 31. Off-highway Vehicle Market: TEREX Corporation’s Performance, Global, 2014–2016~ 32. Off-highway Vehicle Market: Volvo’s Market Breakdown by Region, Global, 2016~ 33. Off-highway Vehicle Market: Volvo’s Performance, Global, 2014–2016~ 34. Off-highway Vehicle Market: Competitive Landscape, Global, 2017–2025~ 35. Off-highway Vehicle Market: Komatsu’s Market Breakdown by Region, Global, 2016~ 36. Off-highway Vehicle Market: Komatsu’s Performance, Global, 2014–2016~ 37. Off-highway Vehicle Market: Competitive Landscape, Global, 2017–2025~ 38. Off-highway Vehicle Market: Doosan Infracore’s Market Breakdown by Region, Global, 2016~ 39. Off-highway Vehicle Market: Doosan Infracore’s Performance, Global, 2014–2016~ 40. Off-highway Vehicle Market: Competitive Landscape, Global, 2014–2016~ 41. Off-highway Vehicle Market: Hitachi Construction Machinery’s Market Breakdown by Region, Global, 2016~ 42. Off-highway Vehicle Market: Hitachi Construction Machinery’s Performance, Global, 2014–2016~ 43. Off-highway Vehicle Market: CHN Industrial NV’s Market Breakdown by Region, Global, 2016~ 44. Off-highway Vehicle Market: CHN Industrial NV’s Performance, Global, 2014–2016~ 45. Off-highway Vehicle Market: SANY HEAVY INDUSTRY’s Performance, Global, 2013–2015~ 46. Off-highway Vehicle Market: SANY HEAVY INDUSTRY’s Market Breakdown by Region, Global, 2016~ 47. Off-highway Vehicle Market: YANMAR’s Performance, Global, 2015–2017~ 48. Off-highway Vehicle Market: Mitsubishi Heavy Equipment’s Performance, Global, 2015–2017~ 49. Off-highway Vehicle Market: Mitsubishi Heavy Equipment’s Product Mix, Global, 2016~ 50. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017~ 51. Off-highway Vehicle Market: Competitive Landscape, Global, 2015–2017~ |
Author | Saurabh Bhalerao |
Industries | Automotive |
WIP Number | P9EB-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9800-A6,9883-A6,9889-A6,9AF6-A6 |