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(Transportation-News.com, May 24, 2019 ) The off-highway vehicle Engine market is mainly driven by the stringent emission norms, increasing mechanization in agriculture industry, and growing infrastructure activities across the globe. Off-highway engines are designed and developed for vehicles intended for operation on rough terrain or for off-highway activities, especially for construction & mining and agriculture. The continuous growth in socio-economic conditions has fueled the growth of construction and agriculture industry across the globe.
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https://www.marketsandmarkets.com/Market-Reports/off-highway-engine-market-222949427.html
The off-highway vehicle engine market size is projected to grow at a promising CAGR of 7.65% during the forecast period, to reach $38.93 billion by 2020.
The report covers the off-highway vehicle engine market, in terms of volume (‘000 units) and value (USD Million). It explains the qualitative and quantitative aspects of the off-highway vehicle engine market on the basis of region, power output, engine capacity, end-use industry, and fuel type from 2015 to 2020.
The off-highway vehicle engine ecosystem consists of engine manufacturers such as Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Deutz AG (Germany), and Kubota Corporation (Japan), the construction equipment manufacturers such as J. C. Bamford Excavators Ltd. (U.K.), Deere and Company (U.S.) and Hitachi Construction Machinery Co. Ltd. (Japan), agricultural tractor manufacturers such as AGCO Corporation (U.S.), Mahindra and Mahindra Ltd. (India) and Massey Ferguson Ltd (U.S.).
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