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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 includes insights into current trends in the off-highway vehicle industry, including construction, mining, and agriculture. Electrification/hybridization of equipment powertrains, use of autonomous technology, connectivity in equipment operations, rental equipment demand analysis, the impact of the COVID-19 pandemic, the status of recovery from the impact of the pandemic, uptake of equipment by segment demand, and farm equipment demand analyses by region are part of this outlook. This research service also includes competitive strategies of key OEMs and third-party suppliers, regional strategies of markets, growth insights by regional demand analyses, revenue market size of OEMs, market share of OEMs by region, and global economic trends. This is a comprehensive report on regional trends and market demands for the year 2021 and events that are to unfold in 2022 and beyond. This research has been updated with the most recent events (until mid-2021).
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