Global Off-highway Equipment Growth Outlook, 2022

Global Off-highway Equipment Growth Outlook, 2022

Increased Equipment Utilization and Spend on Inventory Will Result in Adoption of Digital Services and Sustain Post-pandemic Rebound

RELEASE DATE
22-Mar-2022
REGION
North America
Research Code: K754-01-00-00-00
SKU: AU02304-NA-MO_26388
$4,950.00
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Description

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

RESEARCH: INFOGRAPHIC

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Table of Contents

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)

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Related Research
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
More Information
No Index No
Podcast No
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