DUBLIN--(BUSINESS WIRE)--The "Global Off-Highway Vehicle Engine Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global off-highway vehicle engine market is expected to register a CAGR of 6.27% during the forecast period. The construction industry, barring a few regions, is expected to grow significantly, globally.
The demand for 5-10 liter engines in the market for off-highway vehicles is anticipated to increase at the fastest rate, as the demand for medium capacity equipment is likely to rise the most. Due to power dense engines being produced recently, even mid-capacity motors can generate tremendous amounts of power, and their lower cost also aids their sale.
The emerging markets, where the farm sector is relatively less capitalized, are expected to lead the global agricultural equipment market. India, one of the biggest markets for agricultural equipment, has become highly labor-intensive and is expected to witness higher growth during the forecast period. The global agricultural machinery market is set to grow considerably in the Asia-Pacific region, and countries like Vietnam, Philippines, India, and China will be the main drivers of the market.
- AGCO Power
- Deere & Company
- Deutz AG
- Mahindra and Mahindra S.A.ia
- Weichai Power
- Kubota Corporation
Key Topics Covered:
2. Executive Summary
3. Market Overview and Technology Trends
4. Market Dynamics
5. Off Highway Vehicle Engine Market, Segmented by Power Output
6. Off Highway Vehicle Engine Market, Segmented by Fuel Type
7. Off Highway Vehicle Engine Market, Segmented by Geography
8. Competitive Landscape
9. Company Profiles
10. Outlook of the market
For more information about this report visit https://www.researchandmarkets.com/research/953plm/global?w=4