About Automotive Off-Highway Engine
Automotive off-highway engines power a wide range of vehicles that operate outside of public roads, from tractors and construction equipment to forklifts and mining trucks. These engines are specifically designed to handle the demanding conditions and heavy workloads encountered in off-highway environments. These specialty vehicles are manufactured according to the requirement in field such as agriculture, construction and oil refiners. The entire automobile is custom made according to the unique need of vehicle. The power requirement and the load requirement of operation decide manufacturing of off-highway engine. The automotive off-highway engine market can continue its upward trajectory, playing a crucial role in powering the machinery that builds our infrastructure, feeds our population, and extracts essential resources. The market consolidation and rental or leasing of equipment provides opportunity to off highway engine market to grow in near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The automotive off-highway engine market is a dynamic and competitive space with diverse players vying for dominance. Understanding the key competitors, their strengths, and the evolving market trends is crucial for staying ahead in this high-stakes game of power and performance. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Off-Highway Engine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cummins Inc. (United States), DEUTZ AG (Germany), Weichai Power Co. Ltd. (China), Scania (Sweden), AGCO Corporation (United States), Doosan Infracore Co., Ltd. (South Korea), FPT Industrial (Italy), Deere & Company (United States), Kubota Corporation (Japan) and Liebherr-International AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kohler Co. (United States), Lombardini S.p.A. (Italy), Mitsubishi Heavy Industries Ltd. (Japan), Perkins Engines Company Ltd. (United Kingdom) and Weichai Power Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Off-Highway Engine market by Type (Air Cooled Engine and Liquid Cooled Engine), Application (Road Machinery & Mining, Agriculture, Industrials, Oil & Gas and Others) and Region.
On the basis of geography, the market of Automotive Off-Highway Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. <5 Liters will boost the Automotive Off-Highway Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Range, the sub-segment i.e. 11-19 HP will boost the Automotive Off-Highway Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Disel will boost the Automotive Off-Highway Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advanced materials and design Off-highway engine
Market Growth Drivers:
Increasing demand for construction machinery and Rising demand for fuel-efficient and low-emission engines
Challenges:
Stringent Emission Regulations due to air Pollution
Restraints:
Shortage of Skilled Workforce
Opportunities:
Increasing investments in infrastructure of machinery & engines and Integrating sensors and data analytics capabilities
Market Leaders and their expansionary development strategies
In August 2023, Cummins Inc. announced acquisition of Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. The acquisition of Meritor also adds products to Cummins’ components business that present attractive growth opportunities across the Company’s range of power solutions and applications.
In March 2023, Cummins announced its most advanced ever big bore diesel truck engine at Australia’s premier truck. The entirely new 15-litre platform, known as the X15D, will deliver the highest-ever outputs for a Cummins truck engine while setting new standards for fuel efficiency at ultra-low emissions levels.
Key Target Audience
Original Equipment Manufacturers, Government Agencies and Regulators, Infrastructure Developers and Operators, Market Research & Developemnt, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.