Automotive Off-Highway Engines Market Report, Analysis, Growth, overview and forecast to 2030

by ellamrfr on April 10, 2024

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Automotive Off-Highway Engine Market Overview

The automotive off-highway engine market caters to the power needs of vehicles designed for operation outside of public roads.

The majority of countries revamped their existing industrial technologies, which resulted in a significant transformation of the global industrial sector. Similar to other industries, the automobile sector underwent a period of transition and extensively embraced automation. Automobile development was pursued for both industrial and non-industrial purposes, in addition to long-distance transportation of passengers and raw materials. The heavy industry and the agricultural sector benefited most from the development of specialist engines and corresponding vehicles. In order to complete labor-intensive tasks such as road leveling, sand and gravel formation, and construction mortar mixing in the construction and mining industries, as well as agricultural tasks like harvesting, plowing, and reaping, the heavy industries sector began using specially developed vehicles.

Market Size and Growth:

The global Automotive Off-Highway Engines Market is expected to expand with a CAGR of approx. 9% (2022 to 2030).

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Automotive Off-Highway Engines Market Key Players:

The key players in automotive off-highway engine market are

Caterpillar Inc
Cummins Inc
Deutz AG
Kubota Corporation
Volvo Group
Mahindra and Mahindra Limited
Deere & Company
C. Bamford Excavators Limited
AGCO Corporation
Massey Ferguson Limited

Market Drivers:

Growth of Construction and Agriculture: Rising investments in infrastructure development and agricultural mechanization drive the demand for off-highway vehicles, and consequently, their engines.
Stringent Emission Regulations: Implementation of stricter emission regulations for off-highway vehicles is prompting manufacturers to develop cleaner and more efficient engines.
Focus on Fuel Efficiency: Rising fuel costs and growing environmental concerns are leading to the development of fuel-efficient off-highway engines.
Technological Advancements: New technologies like electronic fuel injection, turbochargers, and exhaust gas aftertreatment systems are improving engine performance and efficiency.
Demand for Reliable and Durable Engines: Off-highway vehicles often operate in harsh environments, requiring robust and reliable engines.

Market Segmentation:

Off-highway engines in the 30-400 HP range are typically favoured in the agricultural area based on power output. This market has a high demand due to the extensive use of automation technology in agriculture around the globe. The construction industry often favours engines with more than 400 HP. The building industry has been consistently active worldwide, particularly in developing nations. As a result, there is a considerable need for high-performance off-engine trucks for tasks like carrying raw materials and mixing mortar. The highest demand for engines with capacities under 5 litres is based on engine capacity. These vehicles are easily manoeuvrable due to their primary use in a number of industries, including road construction, agricultural, and long-distance transit.

Regional analysis:

Asia Pacific: Leading market due to rapid growth in construction and agriculture sectors, particularly in China and India.

North America: Well-established market with strong demand from established construction and agricultural industries.

Europe: Stringent regulations and focus on advanced technologies influence the market.

Latin America and Middle East & Africa: Emerging markets with increasing demand for off-highway equipment.

Future Trends:

Development of alternative fuel engines like electric, hybrid, and biofuel-powered options to comply with stricter emission regulations and explore alternative energy sources.
Increasing integration of telematics and remote diagnostics for engine performance monitoring and predictive maintenance.
Focus on autonomous off-highway vehicles and the need for reliable and efficient engine technologies for these applications.
Growing demand for customized engine solutions catering to specific needs of different off-highway vehicles and operating environments.
Rising popularity of remanufactured and used off-highway engines due to cost-effectiveness and sustainability considerations.