Research and Markets: Engine Market for Off-Highway Vehicle by Power Output, Capacity, Fuel Type, & by Region – Forecast to 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/98njvl/engine_market_for) has announced the addition of the “Engine Market for Off-Highway Vehicle by Power Output, Capacity, Fuel Type, & by Region – Forecast to 2020” report to their offering.
The off-highway vehicle engine market is projected to grow at a CAGR of 7.65% from 2015 to 2020 to reach the market size of USD 38.9 billion by 2020. Major factors driving growth of this market include growing population, rapid urbanization, increasing construction activities, and mechanization of agriculture.
The 51-80HP segment of engines for agricultural tractors is projected to grow at the highest CAGR during the forecast period. This growth can be mainly attributed to mechanization trends observed in the agriculture industry, especially in the emerging nations such as China and India. This trend is estimated to continue during the forecast period. These factors make 51-80HP engine segment the largest market in agriculture segment.
The Asia-Oceania region is estimated to dominate the off-highway vehicle engine market and is projected to grow at the highest CAGR during forecast period. This growth can be attributed to the progress in the socio-economic conditions by the emerging countries such as China, India, Indonesia, and Thailand. Large population in countries such as China and India has resulted in increased number of government projects such as airports, sewer systems, and renewable energy.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technical Overview
7 Off-Highway Vehicle Engine Market, By Power Output
8 Off-Highway Vehicle Engine Market, By Engine Capacity
9 Off-Highway Vehicle Engine Market, By Fuel Type
10 Off-Highway Vehicle Engine Market, By Region
11 Competitive Landscape
12 Company Profiles
- Caterpillar Inc.
- Cummins Inc.
- Deere & Company
- Deutz AG
- Kubota Corporation
- Mtu Friedrichshafen Gmbh
- Scania AB
- Volvo CE
- Weichai Power Co. Ltd.
- Yanmar Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/98njvl/engine_market_for
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