Global Off-Road Equipment Market Research Report- Forecast till 2027

Off-Road Equipment Market Research Report: Information by Machinery Type (Harvesters & Forwarders, Farm Tractors, Excavators & Loaders, Others), End-Use Industry (Forestry, Construction, Agriculture, Mining) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2027

ID: MRFR/IA - E/6298-HCR | February, 2021 | Region : Global

Off-Road Equipment Market Synopsis


Off-road equipment is used through off-road vehicles to perform tasks on the ground, above, or below the ground. The off-road equipment varies widely from a range of large mining trucks, to lawnmowers and large mining trucks to small agricultural machines. Also, the same off-road equipment can vary in specification for different industries, for instance, the harvester’s machinery specification is different for the agriculture and forestry industries. The stringent government norms related to the heavy equipment and other pointers such as the engine efficiency and emission requirements are expected to fuel the growth of the global off-road equipment market. Moreover, the rise in in urbanization with an increase in the average labor cost, increases the demand for the off-road equipment in the global market. There has been an increase in the demand for advanced, zero-emissions equipment, and electric machines in the global off-highway equipment market owing to stringent government norms and rising awareness about environment. In April 2019, the International Mining Publication published that the Dana limited added five facilities in China market to strengthen the electrification and hybridization capabilities, across various markets, including the off-road sector, throughout the region. Therefore, the other manufacturers also invest in the research and development of the off-road equipment, in terms of its electrification and hybridization to meet the demand for electric machinery and zero-emissions equipment. This is expected to create opportunities in the global off-road equipment market. However, a fluctuation in demand for the off-road equipment, around the globe, is the main challenge for the manufacturers in the global off-road equipment industry, which is expected to slow down the overall growth of the market. Thus, the global off-highway equipment market is estimated to witness 4.0% CAGR during the forecast period, 2019–2025.


Global Off-Road Equipment Market Segmentation


Off-Road Equipment Market


Global Off-Road Equipment Market is segmented based on machinery type, end-use industry, and region. On the basis of machinery type, the market has been segmented into excavators & loaders, metals & minerals mining machinery, harvesters and forwarders, farm tractors, planting and fertilizing equipment, and others. The excavators & loaders machinery type segment is expected to dominate the global market in terms of value and volume during the forecast period. On the basis of the end-use industry, the market has been segmented into construction, agriculture, mining, forestry, and others. The construction segment is expected to dominate the global market in terms of both, value and volume during the forecast period. Geographically, the global off-road equipment market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold a prominent market share during the forecast period owing to the growth of manufacturing units and the rise in labor cost, which increases the demand for machinery. On the other hand, the Rest of the World is expected to witness substantial growth with the rising construction industry.


Prominent Players


The prominent players in the global off-road equipment industry include Caterpillar Inc. (US), Kubota Corporation (Japan), CNH Industrial N.V. (US), Hitachi Construction Machinery (Japan), Deere & Company (US), Komatsu Ltd (Japan), Sandvik AB (Sweden), The Liebherr Group (Germany), Blount International, Inc. (US), and Doosan Infracore (South Korea). The report for global off-road equipment market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience



  • Off-road equipment manufacturers

  • Off-road vehicle manufacturers

  • Off- road vehicle technology providers

  • End-use industries

  • Manufacturers and distributors of raw materials

  • Heavy duty vehicle parts suppliers

  • Exporters dealers and distributors

  • Heavy equipment leasing and renting companies

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining power of buyers

3.1.3. Threat of substitutes

3.1.4. Segment rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

5. Global Off-Road Equipment Market, by Machinery Type

5.1. Introduction

5.2. Harvesters and Forwarders

5.2.1. Market Estimates & Forecast, 2020-2027

5.2.2. Market Estimates & Forecast by Region, 2020-2027

5.3. Farm Tractors

5.3.1. Market Estimates & Forecast, 2020-2027

5.3.2. Market Estimates & Forecast by Region, 2020-2027

5.4. Planting and Fertilizing Equipment

5.4.1. Market Estimates & Forecast, 2020-2027

5.4.2. Market Estimates & Forecast by Region, 2020-2027

5.5. Excavators & Loaders

5.5.1. Market Estimates & Forecast, 2020-2027

5.5.2. Market Estimates & Forecast by Region, 2020-2027

5.6. Metals & Minerals Mining Machinery

5.6.1. Market Estimates & Forecast, 2020-2027

5.6.2. Market Estimates & Forecast by Region, 2020-2027

5.7. Others

5.7.1. Market Estimates & Forecast, 2020-2027

5.7.2. Market Estimates & Forecast by Region, 2020-2027

6. Global Off-Road Equipment Market, by End-Use Industries

6.1. Forestry

6.1.1. Market Estimates & Forecast, 2020-2027

6.1.2. Market Estimates & Forecast by Region, 2020-2027

6.2. Construction

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast by Region, 2020-2027

6.3. Agriculture

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast by Region, 2020-2027

6.4. Mining

6.4.1. Market Estimates & Forecast, 2020-2027

6.4.2. Market Estimates & Forecast by Region, 2020-2027

6.5. Others

6.5.1. Market Estimates & Forecast, 2020-2027

6.5.2. Market Estimates & Forecast by Region, 2020-2027

7. Global Off-Road Equipment Market, by Region

7.1. Introduction

7.2. North America

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast by Machinery Type, 2020-2027

7.2.3. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.2.4. US

7.2.4.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.2.4.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.2.5. Canada

7.2.5.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.2.5.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.2.6. Mexico

7.2.6.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.2.6.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3. Europe

7.3.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.3. Germany

7.3.3.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.3.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.4. UK

7.3.4.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.4.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.5. France

7.3.5.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.5.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.6. Italy

7.3.6.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.6.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.7. Rest of Europe

7.3.7.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.3.7.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4. Asia-Pacific

7.4.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.4.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.3. China

7.4.3.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.4.3.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.4. Japan

7.4.4.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.4.4.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.5. India

7.4.5.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.4.5.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.6. Rest of Asia-Pacific

7.4.6.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.4.6.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.6.3.

7.5. Rest of the World

7.5.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.5.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.5.3. Middle East & Africa

7.5.3.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.5.3.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

7.5.4. South America

7.5.4.1. Market Estimates & Forecast by Machinery Type, 2020-2027

7.5.4.2. Market Estimates & Forecast by End-Use Industries, 2020-2027

8. Competitive Landscape

9. Company Profile

9.1. Caterpillar Inc.

9.1.1. Company Overview

9.1.2. Products/Services Machinery Type

9.1.3. Financial Overview

9.1.4. Key Developments

9.1.5. Strategy

9.1.6. SWOT Analysis

9.2. Kubota Corporation

9.2.1. Company Overview

9.2.2. Products/Services Machinery Type

9.2.3. Financial Overview

9.2.4. Key Developments

9.2.5. Strategy

9.2.6. SWOT Analysis

9.3. CNH Industrial N.V.

9.3.1. Company Overview

9.3.2. Products/Services Machinery Type

9.3.3. Financial Overview

9.3.4. Key Developments

9.3.5. Strategy

9.3.6. SWOT Analysis

9.4. Hitachi Construction Machinery

9.4.1. Company Overview

9.4.2. Products/Services Machinery Type

9.4.3. Financial Overview

9.4.4. Key Developments

9.4.5. Strategy

9.4.6. SWOT Analysis

9.5. Deere & Company

9.5.1. Company Overview

9.5.2. Products/Services Machinery Type

9.5.3. Financial Overview

9.5.4. Key Developments

9.5.5. Strategy

9.5.6. SWOT Analysis

9.6. Komatsu Ltd

9.6.1. Company Overview

9.6.2. Products/Services Machinery Type

9.6.3. Financial Overview

9.6.4. Key Developments

9.6.5. Strategy

9.6.6. SWOT Analysis

9.7. Sandvik AB

9.7.1. Company Overview

9.7.2. Products/Services Machinery Type

9.7.3. Financial Overview

9.7.4. Key Developments

9.7.5. Strategy

9.7.6. SWOT Analysis

9.8. The Liebherr Group

9.8.1. Company Overview

9.8.2. Products/Services Machinery Type

9.8.3. Financial Overview

9.8.4. Key Developments

9.8.5. Strategy

9.8.6. SWOT Analysis

9.9. Blount International, Inc.

9.9.1. Company Overview

9.9.2. Products/Services Machinery Type

9.9.3. Financial Overview

9.9.4. Key Developments

9.9.5. Strategy

9.9.6. SWOT Analysis

9.10. Doosan Infracore

9.10.1. Company Overview

9.10.2. Products/Services Machinery Type

9.10.3. Financial Overview

9.10.4. Key Developments

9.10.5. Strategy

9.10.6. SWOT Analysis


List of Tables

Table 1 Global Off-Road Equipment Market: by Region, 2020-2027

Table 2 North America: Off-Road Equipment Market: by Country, 2020-2027

Table 3 Europe: Off-Road Equipment Market: by Country, 2020-2027

Table 4 Asia-Pacific: Off-Road Equipment Market: by Country, 2020-2027

Table 5 RoW: Off-Road Equipment Market: by Region, 2020-2027

Table 6 Global Off-Road Equipment Market, by Machinery Type, by Regions, 2020-2027

Table 7 North America: Off-Road Equipment Market, by Machinery Type, by Country, 2020-2027

Table 8 Europe: Off-Road Equipment Market, by Machinery Type, by Country, 2020-2027

Table 9 Asia-Pacific: Off-Road Equipment Market, by Machinery Type, by Country, 2020-2027

Table 10 RoW: Off-Road Equipment Market, by Machinery Type, by Country, 2020-2027

Table 11 Global Off-Road Equipment Market by End-Use Industries: by Regions, 2020-2027

Table 12 North America: Off-Road Equipment Market by End-Use Industries: by Country, 2020-2027

Table 13 Europe: Off-Road Equipment Market by End-Use Industries: by Country, 2020-2027

Table 14 Asia-Pacific: Off-Road Equipment Market by End-Use Industries: by Country, 2020-2027

Table 15 RoW: Off-Road Equipment Market by End-Use Industries: by Country, 2020-2027

Table 16 Global Off-Road Equipment Market: by Region, 2020-2027

Table 17 Global Off-Road Equipment Market: by Machinery Type, 2020-2027

Table 18 Global Off-Road Equipment Market: by End-Use Industries, 2020-2027

Table 19 Global Off-Road Equipment Market: by Application, 2020-2027

Table 20 Global Off-Road Equipment Market: by Vehicle Machinery Type, 2020-2027


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-down & Bottom-up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Off-Road Equipment Market Share, by Machinery Type, 2020 (%)

FIGURE 9 Global Off-Road Equipment Market, by Machinery Type, 2020-2027 (USD MILLION)

FIGURE 10 Global Off-Road Equipment Market Share, by End-Use Industries, 2020 (%)

FIGURE 11 Global Off-Road Equipment Market, by End-Use Industries, 2020-2027 (USD MILLION)

FIGURE 12 Global Off-Road Equipment Market Share (%), by Region, 2020

FIGURE 13 Global Off-Road Equipment Market, by Region, 2020-2027 (USD MILLION)

FIGURE 14 North America: Off-Road Equipment Market Share (%), 2020

FIGURE 15 North America: Off-Road Equipment Market by Country, 2020-2027 (USD MILLION)

FIGURE 16 Europe: Off-Road Equipment Market Share (%), 2020

FIGURE 17 Europe: Off-Road Equipment Market by Country, 2020-2027 (USD MILLION)

FIGURE 18 Asia-Pacific: Off-Road Equipment Market Share (%), 2020

FIGURE 19 Asia-Pacific: Off-Road Equipment Market by Country, 2020-2027 (USD MILLION)

FIGURE 20 Rest of the World: Off-Road Equipment Market Share (%), 2020

FIGURE 21 Rest of the World: Off-Road Equipment Market by Country, 2020-2027 (USD MILLION)