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Increased Equipment Utilization and Spend on Inventory Will Result in Adoption of Digital Services and Sustain Post-pandemic Rebound
22-Mar-2022
North America
Market Outlook
K754-01-00-00-00
AU02304-NA-MO_26388
This research service analyzes the current status and growth trends of the off-highway equipment industry, specifically for construction, mining, and agricultural equipment. It considers the ongoing effects of the COVID-19 pandemic and examines the top industry participants and their anticipated development and launch activities for 2022, notable partnerships, and other factors that continue to reshape the industry. It provides a deeper analysis of top markets including the United States, Europe, China, and India.
Off-highway equipment manufacturers have started laying out roadmaps targeting a sustainable future. To accelerate the transition to electric machinery, manufacturers have started offering training to guide employees, technicians, and customers including rental companies and contractors on market value, site productivity, and the environmental benefits of electrification. Equipment electrification, digitization, and automation have created the need for synergies between original equipment manufacturers, suppliers, and service providers: 2021 witnessed more than 40 partnership announcements by off-highway OEMs. Most of the collaborations were aimed at developing alternative powertrains and autonomous solutions. Hybrid powertrains are being used as transitional technologies to stimulate the use of hydrogen and electricity as fuel. Emerging markets such as India, Southeast Asia, the Commonwealth of Independent States, and parts of Europe will be targets for the establishment of remanufacturing centers.
Big Data integration in telematics is improving decision-making capabilities. The accumulation of data and equipment sophistication will increase value through servitization. Manufacturers indicate telematics and remote monitoring, connectivity (GPS), and vehicle-operator monitoring as 3 of the most critical technologies that will disrupt the industry in the next 2 to 3 years.
Author: Krishna Achuthan
Overview—Our Top 12 Transformation Shifts
2021 Trends—Highlights
COVID-19 Challenges
2021 in Numbers—Highlights
2022 Trends—Predictions
2022 in Numbers—Highlights
Regional Revenue
OEM Market Share
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Off-highway Equipment Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Segmentation
OEMs to Watch
Top 5 Global Economic Highlights of 2021
Top 5 Global Economic Predictions for 2022
Global GDP Growth
2022 Scenario Analysis—Quarterly Global Growth
2022 Scenario Analysis Assumptions
2022 Global GDP Growth Snapshot
Advanced Economy Predictions for 2022
Emerging Economy Predictions for 2022
Macroeconomic Predictions for 2022
Top 3 2022 Growth Opportunities by Region
2022 Regional Risks and Policy Direction
Market Overview—Hybrid and Electric Powertrain Subsystems
Electric and Fuel Cell Electric Value Chain Players
Powertrain Trends
Alternate Fuel Powertrain Development Trends
Emission Regulations
Tier4f/Stage V Equipment Launches
Hybrid and Electric Powertrain Announcements
Fuel Cell EV Launch Roadmap
Hybrid and Electric Powertrain Equipment Sales
Market Overview—OHW Digital Services
Digital Services Ecosystem
Digitalization and Connectivity Trends
OEM Digital Product Launches
OEM Digital Product Launches (continued)
OEM Digital Product Launches (continued)
Global Inventory Management Through Connected Dealerships
Omnichannel Offerings
Connected Equipment Trends
Off-highway Equipment Remanufacturing Overview
Case Study—Caterpillar Remanufacturing Program
OEM Announcements
Construction/Mining Autonomous Operation Overview
Agricultural Operation Overview: OMNiDRIVE Case Study
Autonomous Off-highway Equipment Ecosystem
Autonomous Off-highway Equipment Parc
OEM Launch Roadmap
OEM Launch Roadmap (continued)
OEM Launch Roadmap (continued)
Autonomous Equipment In Operation
Regional Revenue by Segment
Trend Impact by Region
United States—Notable OEM Acquisitions
United States—Notable OEM Mergers and Partnerships
United States—Outlook
United States—2022 Predictions
Europe—Notable OEM Mergers and Partnerships
Europe—Regional Outlook
Europe—2022 Predictions
Asia-Pacific—Notable OEM Acquisitions
Asia-Pacific—Notable OEM Mergers and Partnerships
Asia-Pacific—Notable OEM Mergers and Partnerships (continued)
China—Outlook
China—2022 Predictions
India—Outlook
India—2022 Predictions
Growth Opportunity 1—Sustainable Practices to Encourage Low-/Zero-emission Powertrains and Remanufacturing
Growth Opportunity 1—Sustainable Practices to Encourage Low-/Zero-emission Powertrains and Remanufacturing (continued)
Growth Opportunity 2—Demand for Integrated and Enhanced Digital Services
Growth Opportunity 2—Demand for Integrated and Enhanced Digital Services (continued)
Growth Opportunity 3—Servitization as Part of an Omnichannel Approach
Growth Opportunity 3—Servitization as Part of an Omnichannel Approach (continued)
Conclusions
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Off-highway Equipment Market: Manufacturer-level Revenue By Region, 2020 and 2021
- Construction and Mining Equipment: Revenue Share of Top OEMs, Global, 2021
- Agricultural Equipment: Revenue Share of Top OEMs, Global, 2021
- GDP Growth in Advanced, Emerging, and Developing Economies, Global, 2017–2022
- GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022
- Assumptions for Growth Scenarios, Global, 2022
- GDP Growth Rate, Select Economies, 2020–2022
- Off-Highway Equipment Market: Electric and Hydrogen Value Chain Players, Global, 2022
- Off-highway Equipment Market: Tier 4f/Stage V Launches in 2021 and 2022
- Off-highway Equipment Market: Hybrid and Electric Powertrain Estimated Equipment Sales, Global, 2021 and 2022
- Hybrid and Electric Off-highway Equipment Market: Drivers and Restraints, Global, 2022
- Connected Agricultural Equipment In Operation, Global, 2020–2022
- Connected Construction and Mining Equipment In Operation, Global, 2020–2022
- Autonomous Off-Highway Equipment Parc by Region, 2021
- Autonomous Off-highway Equipment In Operation, Global, 2021 and 2022 Forecast
- Off-highway Equipment Market: Manufacturer-Level Revenue By Region, Global, 2020–2022
- Off-highway Equipment Market: Regional Outlook, 2021 and 2022
- GDP Forecast, 2020–2022
- OHW Equipment Sales, 2020-2022
- GDP Forecast, 2020–2022
- OHW Equipment Sales, 2020–2022
- GDP Forecast, China, 2020–2022
- OHW Equipment Sales, 2020–2022
- GDP Forecast, 2020–2022
- OHW Equipment Sales, 2020–2022
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| Deliverable Type | Market Outlook |
|---|---|
| No Index | No |
| Podcast | No |
| List of Charts and Figures | Off-highway Equipment Market: Manufacturer-level Revenue By Region, 2020 and 2021~ Construction and Mining Equipment: Revenue Share of Top OEMs, Global, 2021~ Agricultural Equipment: Revenue Share of Top OEMs, Global, 2021~ GDP Growth in Advanced, Emerging, and Developing Economies, Global, 2017–2022~ GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022~ Assumptions for Growth Scenarios, Global, 2022~ GDP Growth Rate, Select Economies, 2020–2022~ Off-Highway Equipment Market: Electric and Hydrogen Value Chain Players, Global, 2022~ Off-highway Equipment Market: Tier 4f/Stage V Launches in 2021 and 2022~ Off-highway Equipment Market: Hybrid and Electric Powertrain Estimated Equipment Sales, Global, 2021 and 2022~ Hybrid and Electric Off-highway Equipment Market: Drivers and Restraints, Global, 2022~ Connected Agricultural Equipment In Operation, Global, 2020–2022~ Connected Construction and Mining Equipment In Operation, Global, 2020–2022~ Autonomous Off-Highway Equipment Parc by Region, 2021~ Autonomous Off-highway Equipment In Operation, Global, 2021 and 2022 Forecast~ Off-highway Equipment Market: Manufacturer-Level Revenue By Region, Global, 2020–2022~ Off-highway Equipment Market: Regional Outlook, 2021 and 2022~ GDP Forecast, 2020–2022~ OHW Equipment Sales, 2020-2022~ GDP Forecast, 2020–2022~ OHW Equipment Sales, 2020–2022~ GDP Forecast, China, 2020–2022~ OHW Equipment Sales, 2020–2022~ GDP Forecast, 2020–2022~ OHW Equipment Sales, 2020–2022~ |
| Author | Krishna Achuthan |
| Industries | Automotive |
| WIP Number | K754-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9673-A6,9800-A6,9807-A6,9813-A6,9B01-A6,9963-A6,9882-A6 |
Global Off-highway Equipment Growth Outlook, 2022
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