Off-Highway Engine Market
Off-Highway Engine Market Study by Gasoline and Diesel for Construction & Mining Equipment, Agriculture & Forestry Equipment, Marine Engines, Gensets, ATVs, and Others from 2024 to 2034
Analysis of Off-Highway Engine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Off-Highway Engine Market Outlook (2024 to 2034)
Projected to increase at a CAGR of 5.9%, the global off-highway engine market is forecasted to grow from a size of US$ 98.36 billion in 2024 to US$ 174.49 billion by the end of 2034.
- Short Term (2024 to 2027): Ongoing advancements in engine manufacturing will positively influence the sales of advanced off-highway engines.
- Medium Term (2027 to 2030): North America and Europe are projected to exhibit comparatively higher off-highway engine demand due to increasing penetration of electrical vehicles.
- Long Term (2030 to 2034): Rising usage of electric and hybrid vehicles will open new opportunities for off-highway engine suppliers.
Off-highway engines are also called as recreational off-highway vehicles, adventure vehicles or off-road vehicles. Some of the types of off-highway engines include tractors, golf carts, excavators, bulldozers, forklifts, and cranes. Infrastructure development projects in both developed and emerging economies, along with the industrial and agricultural advancements are some of the major factors set to boost the economic growth during the forecast period.
Potential for market expansion is being bolstered by the development of alternative efficient and clean fuels, less-polluting engines. At warehouses and inventories, there are more industrial heavy duty trucks and material handling equipment works on engine. This has additionally aided in raising productivity and guaranteeing employee safety. Over the forecast period, the off-highway engine market growth is expected to be driven by the clear expansion of material handling equipment. Off-highway gasoline engine and off-highway diesel engine are two engine types based on fuel type.
- North America is estimated to hold 25.1% of the global off-highway engine market share in 2024.
- The East Asian off-highway engine market size is forecasted to reach US$ 42.40 billion by 2034.
| Report Attributes | Details |
|---|---|
| Off-Highway Engine Market Size (2024E) | US$ 98.36 Billion |
| Forecasted Market Value (2034F) | US$ 174.49 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.9% CAGR |
| South Korea Market Value (2034F) | US$ 2.27 Billion |
| Canada Market Growth Rate (2024 to 2034) | 5.7% CAGR |
| Key Companies Profiled | Cummins; Deere and Company; AGCO Corporation; Doosan Infracore; Deutz AG; Caterpillar Inc.; Yanmar Co., Ltd; Fiat Powertrain Technologies (FPT); Kubota Corporation; J. C. Bamford Excavators Ltd.; Mahindra and Mahindra Ltd.; Kohler Co. |
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Why are Off-Highway Engines Gaining Popularity?
“High Benefits of Modern Agricultural Equipment with Advanced Off-Highway Engines”
Historically, tractors were used in only a few agricultural tasks. Nowadays tractors are finding applications in the bulk of agricultural and forestry operations including plowing, planting crops, tilling, applying fertilizer, maintaining lawns, and removing shrubs. The agriculture tractors are proven to be a great asset for both large and small farms as well as routine garden maintenance. Depending on their use they are available in various sizes and designs.
These tractors are available from OEM in a variety of products. Additionally, OEMs frequently provide tiny tractors with engines under 50 HP for small-scale regular agricultural and forestry activities. These farm tractors are ideal for tasks including transporting, plow work, digging, and landscaping.
Utility tractors are high-performance tractors with 50 to 100 horsepower (HP). Heavy agricultural chores are carried out with these tractors. The farming method is modernizing due to the introduction of autonomous and compact tractors. The growing demand for tractors across the globe is increasing dramatically especially in the countries where economy is driven by agriculture sector and farming is the primary occupation.
“Off-Highway Engines Advancing Construction Sector through their Multifaceted Features”
From paving roads to building ports and increasing heights of building, all these are driven by construction equipment. Owing to the unmatched capabilities of engines for power and reliability as well as efficient and less polluting engines are key features that are securing the dominating position of these engines.
These powerful engines are ensuring the mobilization of heavy materials and equipment. Consequently, reduced human power and high work capacity are encouraging the industry towards the adoption of modern construction equipment thereby off-highway engines. Heavy material handling, complex infrastructure building, less project time, and optimum use of power are poised to provide substantial opportunities for off-highway engine producers in the next 10 years.
What Do Off-Highway Engine Manufacturers Need to Find a Solution For?
“High Product and Maintenance Expenses”
Machinery using off-highway engines is significantly expensive and involves high capital investments. Starting from the production phase to owning and maintaining, this equipment is price-consuming. Over the years, the changing environmental norms and continuous technological developments such as the use of the Internet of Things (IoT) are leading to rise in the end product cost. This has been a factor of concern for the producers of off-highway engines as high end product cost affects their minimum selling price and ultimately sales growth. Later, expensive equipment operating and maintenance costs restrain customers from buying machinery in large numbers.
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How are Startups Strategizing to Enhance Their Market Position?
“Focus on Integration of Digital Technologies to Offer Advanced Off-Highway Engines”
Integration of artificial intelligence (AI), smart sensor, and the Internet of things are some of the notable off-highway engine market trends. New companies are integrating advanced technologies and sensors for the development of advanced off-highway engines. This is set to boost their market position and revenues.
- Founded in 2018, Monarch a United States start-up offers AI-powered electric autonomous tractors. The company’s tractors are designed from the point of view of modern day farming. These AI-powered electric autonomous tractors are equipped with sensors and cameras to map and tag every crop and get real-time information and alert.
Country-wise Analysis
Which Factors are Increasing Demand for Off-Highway Engines in the United States?
“High Volume of Industrial Activities and Presence of Industry Leaders”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 19.02 Billion |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 33.46 Billion |
Presence of early adopters, the ongoing industrial activities, and technologically intensive farming all are set to boost the sales of off-highway engines in the United States. The main factor influencing the market growth is the widespread use of off-highway engines in power sports, marine engines, construction and agriculture equipment, and oil and gas.
Existence of industry leaders including Cummins, Caterpillar, John Deere, is further supporting off-highway engine sales growth. The United States market is also expected to get benefitted from the deployment of cutting-edge technologies and the simple accessibility of top-notch products across the potential end-use industries.
Why is China a Lucrative Market for Off-Highway Engine Manufacturers in?
“Advanced Off-Highway Engines Exhibiting High Use in Agriculture Sector”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 16.44 Billion |
| Growth Rate (2024 to 2034) | 7% CAGR |
| Projected Value (2034F) | US$ 32.45 Billion |
Ongoing infrastructure development projects and technological advancements in the agriculture equipment sector are benefitting off-highway engine suppliers in China. China, which is regarded as the world's manufacturing hub is poised to dominate the East Asia market over the next ten years. Furthermore, China's expanding warehousing sector and growing marine trade are expected to boost the demand for off-road engines.
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Category-wise Analysis
Which Power Type HP Off-Highway Engine is Highly Demanded?
“Widespread Application and Versatility Driving Demand for Above 250 HP Off-Highway Engines”
| Attribute | Above 250 HP Off-Highway Engines |
|---|---|
| Segment Value (2024E) | US$ 24.03 Billion |
| Growth Rate (2024 to 2034) | 6.8% CAGR |
| Projected Value (2034F) | US$ 46.55 Billion |
According to the Fact.MR study, engine producing more than 250 HP of power output is prominent among all. Owing to this power band, off-highway engines with above 250 HP are finding widespread applications. Small farm equipment such as compact tractors, tillers, lawn movers, all-terrain-vehicles (ATVs), utility terrain vehicles (UTVs), pumps, and other various equipment use above 250HP category of engines. East Asia, South East Asia & Pacific, and Africa are the regions where agriculture, construction, maritime trade, and power generation equipment lay the immense opportunity, further driving sales of off-highway engines with more than 250 HP.
Why are Off-Highway Engines Preferred for Agriculture & Forestry Purposes?
“Advancing Farming Methods Driving Demand for Reliable and Specialized Off-Highway Engines”
| Attribute | Agriculture & Forestry Equipment |
|---|---|
| Segment Value (2024E) | US$ 26.22 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 46.98 Billion |
Rising awareness of off-highway engines among farmers is increasing their adoption rates. With increasing importance of off-highway engines in farming, farmers are demanding for standard as well as customized solutions. Considering this factor, manufacturers are introducing agricultural equipment with innovative technologies and designs. Furthermore, increasing use of specialized tractors from timber and forest harvesters is driving the need for reliable off-highway engines.
Competitive Landscape
Some of the key players in the off-highway engine market are Cummins, Caterpillar Inc., Yanmar Co., Ltd., Fiat Powertrain Technologies (FPT), Kubota Corporation, AGCO Corporation, Mahindra and Mahindra Ltd., and Kohler Co.
Leading companies are concentrating on the development of efficient and emission-free engines. For a company to remain competitive in the off-highway engine business, targeted acquisitions and advanced product offerings within the sector are essential.
- In March 2020, Cummins combined its X15 performance series with its long-lasting XD 18-speed Transmission. The product is designed for heavy off-highway application as well as combined weight on-highway use.
- In June 2020, Marble Robot, a provider of robotics and autonomy technology solutions, in California, stated that Caterpillar has acquired certain assets and personnel. The acquisition was made by Caterpillar to improve autonomous mining and address issues with shifting manufacturing industry demands.
Fact.MR provides detailed information about the price points of key manufacturers of off-highway engines positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated report.
Key Segments of Off-Highway Engine Market Research
-
By Engine Capacity:
- < 4 L
- 4 L to 10 L
- 10.1 L to 16 L
- 16.1 L to 22 L
- Above 22 L
-
By Power Output:
- < 50 HP
- 50 HP to 80 HP
- 80 HP to 120 HP
- 120 HP to 150 HP
- 150 HP to 200 HP
- 200 HP to 250 HP
- Above 250 HP
-
By Fuel Type:
- Gasoline
- Diesel
-
By Application:
- Construction & Mining Equipment
- Agriculture & Forestry Equipment
- Marine Engines
- Gensets
- ATVs
- Industrial Trucks
- Power Sports
- Landscape & Maintenance Equipment
- Others
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Application 6.2. Engine Capacity 6.3. Power Output 6.4. Fuel Type 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 7.1. Construction & Mining Equipment 7.2. Agriculture & Forestry Equipment 7.3. Marine Engines 7.4. Gensets 7.5. ATVs 7.6. Industrial Trucks 7.7. Power Sports 7.8. Landscape & Maintenance Equipment 7.9. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Engine Capacity 8.1. < 4 L 8.2. 4 L to 10 L 8.3. 10.1 L to 16 L 8.4. 16.1 L to 22 L 8.5. Above 22 L 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Power Output 9.1. < 50 HP 9.2. 50 HP to 80 HP 9.3. 80 HP to 120 HP 9.4. 120 HP to 150 HP 9.5. 150 HP to 200 HP 9.6. 200 HP to 250 HP 9.7. Above 250 HP 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Fuel Type 10.1. Gasoline 10.2. Diesel 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Application, Engine Capacity, Power Output, Fuel Type, and Region for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Cummins 21.2. Deere and Company 21.3. AGCO Corporation 21.4. Doosan Infracore 21.5. Deutz AG 21.6. Caterpillar Inc. 21.7. Yanmar Co., Ltd 21.8. Fiat Powertrain Technologies (FPT) 21.9. Kubota Corporation 21.10. J. C. Bamford Excavators Ltd. 21.11. Mahindra and Mahindra Ltd. 21.12. Kohler Co. 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 2: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 4: Global Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 5: Global Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 7: Global Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 8: Global Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Engine Capacity, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Engine Capacity, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Engine Capacity, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Fuel Type, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Fuel Type, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Fuel Type, 2024 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 4: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 5: Global Market Share and BPS Analysis by Application, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 7: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 8: Global Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 to 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 to 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 31: North America Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 34: North America Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 37: North America Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 to 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Application, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 to 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Application, 2024 to 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 to 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Application, 2024 to 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 to 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Application, 2024 to 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 to 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 to 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 to 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Application, 2024 to 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Engine Capacity, 2024 to 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Engine Capacity, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Engine Capacity, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Power Output, 2024 to 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Fuel Type, 2024 to 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Fuel Type, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Fuel Type, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the off-highway engine market in 2024?
The global off-highway engine market is calculated at US$ 98.36 billion for 2034.
What is the future of off-highway engines?
Demand for off-highway engines is projected to increase at a CAGR of 5.9% during the next 10 years.
What are the forecasted sales for off-highway engines by 2034?
The market for off-highway engines is projected to reach US$ 174.49 billion by 2034.
How fast are off-highway engine sales increasing in Japan?
The Japan market is anticipated to register a CAGR of 6.4% through 2034.
Which power type off-highway engine is most widely adopted?
Demand for above 250 HP off-highway engines is expected to reach a market value of US$ 46.55 billion by 2034.
Who are the leading producers of off-highway engines?
Leading market players are Cummins, Caterpillar Inc., Yanmar Co., Ltd., Fiat Powertrain Technologies (FPT), and Deere and Company.
Off-Highway Engine Market