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According to market research study published by our report Company, the global off-highway equipment market is expected to reach approximately USD 325,745 million, representing a CAGR of 2.5% during the forecast period 2022-2028.
Off-highway equipment is a very broad term that is used to describe equipment that spends the bulk of its time off-road. The type of equipment can range from large trucks used in mining to small agricultural machines, and everything in between. Construction and mining equipment operate in conditions that are hard on the components.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global off-highway equipment market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the off-highway equipment industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, powertrain, and region. The global market for off-highway equipment can be segmented by product: agriculture equipment (tractor, combine harvester, tillage equipment, planting and crop care equipment, harvesting equipment, others), construction and mining equipment (excavators, loaders, cranes, trucks and tractors, graders/rollers, mixers and pavers, others). Off-highway equipment market is further segmented by powertrain: ICE, pure electric and hybrid. Based on region, the off-highway equipment market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By product:
agriculture equipment (tractor, combine harvester, tillage equipment, planting and crop care equipment, harvesting equipment, others)
construction and mining equipment (excavators, loaders, cranes, trucks and tractors, graders/rollers, mixers and pavers, others)
By powertrain:
ICE
pure electric and hybrid
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The market research report covers the analysis of key stake holders of the global off-highway equipment market. Some of the leading players profiled in the report include AB Volvo, AGCO Corporation, Caterpillar Inc., CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi, Ltd., Joseph Cyril Bamford Excavators Ltd., KOBELCO Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr-International Deutschland GmbH, Mahindra & Mahindra Limited (M&M), Sany Heavy Industry Co., Ltd., Takeuchi Mfg. Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., among others.
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The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyses the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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