Global Off-Highway Vehicle Market 2023-2030-By Vehicle (Compact tractors, wheeled tractors, track tractors, specialty crop tractors, excavator, loader, dozer, haulers, trenchers, scrapers, bulldozer, water trucks, Cranes, ATV, and UTVs); By Propulsion (IC engine and electric); By Application (Agriculture/farm, construction, forestry, mining, recreation, utility and sports); By Geography (APAC, America, Europe, and MEA).
Global Off-Highway Vehicle (OHV) Market 2023-2030
DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the off-highway vehicle (OHV) market was valued at $XX million in 2023, which is expected to reach $XX million by 2030, growing at a compound annual growth rate (CAGR) of XX% during 2023-2030. The demand for off-road vehicles can be attributed to several factors, including increased infrastructure development, growing mining and construction sector, rising agricultural productivity, expanding urbanization, and growing popularity of outdoor recreation. Some of the key trends that are shaping the OHV industry include electrification, automation, connectivity, data analytics, artificial intelligence (AI), lightweight materials, new power sources, 3D printing, customization, rental and sharing, sustainability, safety, ergonomics, maintenance, and emerging markets.
Off-Highway Vehicle Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
|---|---|---|
| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Thousand units | |
| Revenue | USD million | |
| By vehicle type (Thousand units & USD million) |
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| By propulsion (Thousand units and USD million) |
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| By application (Thousand units & USD million) |
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| By geography(Thousand units & USD million) |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Rise in urbanization
- Focus on increasing agriculture productivity
- Growing investing in infrastructure development, such as roads, bridges, and airports
- Key market trends
- IoT-based connected vehicle platform
- Focus on the development of sustainable off-highway vehicles
- Electrification of off-highway vehicles
- Key market challenges
- Compliance with strict emissions standards
- Rising costs of raw materials
- Compliance with evolving safety regulations to ensuring the safety of operators and workers
Key questions to be answered
1. What is the current market size of the Off-highway vehicle market, and what is its growth potential over the next five years?
2. What is the Compound Annual Growth Rate (CAGR) of the Off-highway vehicle market?
3. Which are the key segments covered in the Off-highway vehicle market, and which segments are experiencing the fastest growth?
4. Which geographical region offers the highest growth opportunities in the Off-highway vehicle market?
5. How is the competitive landscape evolving, and who are the key players in the Off-highway vehicle market?
6. Who are the top five players in the Off-highway vehicle market, and what is their respective market share?
TABLE OF CONTENTS
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 5.1 Macroeconomic factors
- 5.1.1 Currency fluctuations
- 5.1.2 Supply chain disruptions
- 5.1.3 Government regulations
- 5.1.4 Others
- 5.2 Microeconomic factors
- 5.2.1 Price fluctuations
- 5.2.2 Technological advancements
- 6.1 Unit Shipment 2023-2030 (Thousand units)
- 6.1.1 Compact tractors
- 6.1.2 Wheeled tractors
- 6.1.3 Track tractors
- 6.1.4 Specialty crop tractors
- 6.1.5 Excavator
- 6.1.6 Loader
- 6.1.7 Dozer
- 6.1.8 Haulers
- 6.1.9 Trenchers
- 6.1.10 Scrapers
- 6.1.11 Bulldozer
- 6.1.12 Water trucks
- 6.1.13 Cranes
- 6.1.14 ATVs
- 6.1.15 UTVs
- 6.2 Revenue 2023-2030 (USD million)
- 6.2.1 Compact tractors
- 6.2.2 Wheeled tractors
- 6.2.3 Track tractors
- 6.2.4 Specialty crop tractors
- 6.2.5 Excavator
- 6.2.6 Loader
- 6.2.7 Dozer
- 6.2.8 Haulers
- 6.2.9 Trenchers
- 6.2.10 Scrapers
- 6.2.11 Bulldozer
- 6.2.12 Water trucks
- 6.2.13 Cranes
- 6.2.14 ATVs
- 6.2.15 UTVs
- 7.1 Unit shipment revenue 2023-2030 (Thousand units)
- 7.1.1 IC engine
- 7.1.1.1 Gasoline
- 7.1.1.2 Diesel
- 7.1.2 Electric
- 7.1.1 IC engine
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 IC engine
- 7.2.1.1 Gasoline
- 7.2.1.2 Diesel
- 7.2.2 Electric
- 7.2.1 IC engine
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 8.1.1 Agriculture/farm
- 8.1.2 Construction
- 8.1.3 Forestry
- 8.1.4 Mining
- 8.1.5 Recreation
- 8.1.6 Utility
- 8.1.7 Sports
- 8.2 Revenue 2023-2030 (USD million)
- 8.2.1 Agriculture/farm
- 8.2.2 Construction
- 8.2.3 Forestry
- 8.2.4 Mining
- 8.2.5 Recreation
- 8.2.6 Utility
- 8.2.7 Sports
- 9.1 Americas
- 9.1.1 US
- 9.1.2 Canada
- 9.1.3 Mexico
- 9.1.4 Brazil
- 9.1.5 Rest of Americas
- 9.2 Europe
- 9.2.1 Germany
- 9.2.2 UK
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Nordic Countries (Sweden, Norway, Denmark, Finland)
- 9.2.6 Rest of Europe
- 9.3 APAC
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Rest of APAC
- 9.4 MEA
- 9.4.1 UAE
- 9.4.2 Saudi Arabia
- 9.4.3 Qatar
- 9.4.4 Rest of Middle East
- 9.4.5 Africa
- 10.1 Market concentration
- 10.2 Top five companies market share 2023
- 10.3 Key strategies
- 10.4 Key investments
- 11.1 AB Volvo
- 11.1.1 Business overview
- 11.1.2 Product portfolio
- 11.1.3 Key developments
- 11.2 AMMANN GROUP
- 11.2.1 Business overview
- 11.2.2 Product portfolio
- 11.2.3 Key developments
- 11.3 BOMAG
- 11.3.1 Business overview
- 11.3.2 Product portfolio
- 11.3.3 Key developments
- 11.4 BRP
- 11.4.1 Business overview
- 11.4.2 Product portfolio
- 11.4.3 Key developments
- 11.5 Caterpillar
- 11.5.1 Business overview
- 11.5.2 Product portfolio
- 11.5.3 Key developments
- 11.6 CNH Industrial
- 11.6.1 Business overview
- 11.6.2 Product portfolio
- 11.6.3 Key developments
- 11.7 CRRC
- 11.7.1 Business overview
- 11.7.2 Product portfolio
- 11.7.3 Key developments
- 11.8 Daimler Truck
- 11.8.1 Business overview
- 11.8.2 Product portfolio
- 11.8.3 Key developments
- 11.9 Deere & Company
- 11.9.1 Business overview
- 11.9.2 Product portfolio
- 11.9.3 Key developments
- 11.10 Epiroc
- 11.10.1 Business overview
- 11.10.2 Product portfolio
- 11.10.3 Key developments
- 11.11 HD Hyundai Infracore
- 11.11.1 Business overview
- 11.11.2 Product portfolio
- 11.11.3 Key developments
- 11.12 Hitachi Construction Machinery
- 11.12.1 Business overview
- 11.12.2 Product portfolio
- 11.12.3 Key developments
- 11.13 Husqvarna Motorcycles
- 11.13.1 Business overview
- 11.13.2 Product portfolio
- 11.13.3 Key developments
- 11.14 J C Bamford Excavators
- 11.14.1 Business overview
- 11.14.2 Product portfolio
- 11.14.3 Key developments
- 11.15 Komatsu
- 11.15.1 Business overview
- 11.15.2 Product portfolio
- 11.15.3 Key developments
- 11.16 KUBOTA
- 11.16.1 Business overview
- 11.16.2 Product portfolio
- 11.16.3 Key developments
- 11.17 Liebherr
- 11.17.1 Business overview
- 11.17.2 Product portfolio
- 11.17.3 Key developments
- 11.18 Massey Ferguson
- 11.18.1 Business overview
- 11.18.2 Product portfolio
- 11.18.3 Key developments
- 11.19 Polaris
- 11.19.1 Business overview
- 11.19.2 Product portfolio
- 11.19.3 Key developments
- 11.20 Sandvik
- 11.20.1 Business overview
- 11.20.2 Product portfolio
- 11.20.3 Key developments
- 11.21 SANY Group
- 11.21.1 Business overview
- 11.21.2 Product portfolio
- 11.21.3 Key developments
- 11.22 Scania
- 11.22.1 Business overview
- 11.22.2 Product portfolio
- 11.22.3 Key developments
- 11.23 Terex
- 11.23.1 Business overview
- 11.23.2 Product portfolio
- 11.23.3 Key developments
- 11.24 Weichai Holding
- 11.24.1 Business overview
- 11.24.2 Product portfolio
- 11.24.3 Key developments
- 11.25 XCMG Group
- 11.25.1 Business overview
- 11.25.2 Product portfolio
- 11.25.3 Key developments
- 11.26 YANMAR HOLDINGS
- 11.26.1 Business overview
- 11.26.2 Product portfolio
- 11.26.3 Key developments
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