Off-Road Equipment Market size is expected to reach nearly US$ 578.03 Bn. by 2029 with the CAGR of 4.8% during the forecast period.Off-Road Equipment Market Overview:
The rising public-private firms to implement infrastructure work together with the wide-scale acceptance of the leasing business model have brought an increased demand for off-road equipment over the last few years. The construction machinery cannot be afforded by every end-user firm owing to its high cost. Also, there are numerous construction plans which require construction machinery temporarily. The price of machinery has raised over the last few years due to the integration of progressive safety technologies, which has activated the end user’s preference toward acquiring these types of machinery on a rent basis. The rent providers have acknowledged the development opportunity & have started to upgrade their current fleet, thereby driving the demand for off-road equipment.To know about the Research Methodology :- Request Free Sample Report Additionally, to save on the rate of machinery & charge suffered behind its maintenance & repairs, small builders, contractors, & construction companies take machinery on a rent basis from the rent service suppliers. Numerous firms are investing in the construction equipment rental business due to the high profit incurred in this business. Construction equipment is very robust machinery having a life span of 7 to 10 years due to which firms prefer to rent out old machinery for profit. This rising trend of equipment rent trade is a major factor in endorsing market development. The demand for off-road construction equipment is extraordinary from the residential construction area due to fast-moving urbanization in nations with China & India. The development activates not only the demand for the residential areas but also other connected infrastructures like roads, hospitals, schools, & commercial spaces. To manage the demand for these civic infrastructures, the government applies an important amount to the construction area. For instance, according to the India Brand Equity Foundation (IBEF), India plans to spend USD 1.4 trillion on infrastructure during the forecast period. The government of India would extremely invest in the infrastructure area, significantly on city transport infrastructures like the metro rail network, renewable energy, & highways. The request for material handling machinery like cranes is increasing in established republics. The growing trend of building massive infrastructures, skyscrapers, & commercial constructions is estimated to increase the demand for these types of machinery internationally. Growing investment in road construction plans has increased the demand for concrete & road construction machinery like concrete mixers & pavers. For example, in nations like India & China, governments have taken the initiative to expand the road infrastructure. The Indian government newly declared that it would invest INR 15 trillion during the forecast years in its determined strategy to increase highway infrastructure, thus driving the demand for the concrete & road construction machinery section during the forecast period.Off-Road Equipment Market Competitive Landscape:
The objective of the report is to present a comprehensive analysis of the Global Off-Road Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Off-Road Equipment Market dynamics, structure by analyzing the market segments and project the Global Off-Road Equipment Market size. Clear representation of competitive analysis of key players by Building Height, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Off-Road Equipment Market make the report investor’s guide.Off-Road Equipment Market Report Scope: Inquire before buying
Off-Road Equipment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 416.31 Bn. Forecast Period 2023 to 2029 CAGR: 4.8% Market Size in 2029: US $ 578.03 Bn. Segments Covered: by Product Dump Trucks Cranes Excavators Crawlers Loaders Others by Machinery Type Harvesters & Forwarders Farm Tractors Excavators & Loaders Others by Application Infrastructure Commercial Buildings Residential Buildings Industrial Buildings Others Off-Road Equipment Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Off-Road Equipment Market Key Players are:
1. AB Volvo, 2. Caterpillar 3. AGCO Corporation 4. Bell Equipment 5. CLAAS KGaA mbH 6. CNH Industrial N.V 7. Deere & Company 8. Doosan Infracore 9. Escorts Limited 10.Hitachi, Ltd 11.Komatsu America Corp 12.KUBOTA Corporation 13.Liebherr Group 14.Mahindra & Mahindra Ltd 15.Manitowoc 16.SAME DEUTZ-FAHR Italia S.p.A. 17.Terex Corporation, 18.YANMAR CO., LTD Frequently Asked Questions: 1. Which region has the largest share in Global Off-Road Equipment Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Off-Road Equipment Market? Ans: The Global Off-Road Equipment Market is growing at a CAGR of 4.8% during forecasting period 2023-2029. 3. What is scope of the Global Off-Road Equipment market report? Ans: Global Off-Road Equipment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Off-Road Equipment market? Ans: The important key players in the Global Off-Road Equipment Market are – AB Volvo,, Caterpillar, AGCO Corporation, Bell Equipment, CLAAS KGaA mbH, CNH Industrial N.V, Deere & Company, Doosan Infracore, Escorts Limited, Hitachi, Ltd, Komatsu America Corp, KUBOTA Corporation, Liebherr Group, Mahindra & Mahindra Ltd, Manitowoc, SAME DEUTZ-FAHR Italia S.p.A., Terex Corporation,, YANMAR CO., and LTD 5. What is the study period of this market? Ans: The Global Off-Road Equipment Market is studied from 2022 to 2029.
1. Global Off-Road Equipment Market: Research Methodology 2. Global Off-Road Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Off-Road Equipment Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Off-Road Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Off-Road Equipment Market Segmentation 4.1 Global Off-Road Equipment Market, by Product (2022-2029) •Dump Trucks • Cranes • Excavators • Crawlers • Loaders • Others 4.2 Global Off-Road Equipment Market, by Machinery Type (2022-2029) • Harvesters & Forwarders • Farm Tractors • Excavators & Loaders • Others 4.3 Global Off-Road Equipment Market, by Application (2022-2029) • Infrastructure • Commercial Buildings • Residential Buildings • Industrial Buildings • Others 5. North America Off-Road Equipment Market(2022-2029) 5.1 North America Off-Road Equipment Market, by Product (2022-2029) •Dump Trucks • Cranes • Excavators • Crawlers • Loaders • Others 5.2 North America Off-Road Equipment Market, by Machinery Type (2022-2029) • Harvesters & Forwarders • Farm Tractors • Excavators & Loaders • Others 5.3 North America Off-Road Equipment Market, by Application (2022-2029) • Infrastructure • Commercial Buildings • Residential Buildings • Industrial Buildings • Others 5.4 North America Off-Road Equipment Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Off-Road Equipment Market (2022-2029) 6.1. European Off-Road Equipment Market, by Product (2022-2029) 6.2. European Off-Road Equipment Market, by Machinery Type (2022-2029) 6.3. European Off-Road Equipment Market, by Application (2022-2029) 6.4. European Off-Road Equipment Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Off-Road Equipment Market (2022-2029) 7.1. Asia Pacific Off-Road Equipment Market, by Product (2022-2029) 7.2. Asia Pacific Off-Road Equipment Market, by Machinery Type (2022-2029) 7.3. Asia Pacific Off-Road Equipment Market, by Application (2022-2029) 7.4. Asia Pacific Off-Road Equipment Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Off-Road Equipment Market (2022-2029) 8.1 Middle East and Africa Off-Road Equipment Market, by Product (2022-2029) 8.2. Middle East and Africa Off-Road Equipment Market, by Machinery Type (2022-2029) 8.3. Middle East and Africa Off-Road Equipment Market, by Application (2022-2029) 8.4. Middle East and Africa Off-Road Equipment Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Off-Road Equipment Market (2022-2029) 9.1. South America Off-Road Equipment Market, by Product (2022-2029) 9.2. South America Off-Road Equipment Market, by Machinery Type (2022-2029) 9.3. South America Off-Road Equipment Market, by Application (2022-2029) 9.4 South America Off-Road Equipment Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 AB Volvo, 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Caterpillar 10.3 AGCO Corporation 10.4 Bell Equipment 10.5 CLAAS KGaA mbH 10.6 CNH Industrial N.V 10.7 Deere & Company 10.8 Doosan Infracore 10.9 Escorts Limited 10.10 Hitachi, Ltd 10.11 Komatsu America Corp 10.12 KUBOTA Corporation 10.13 Liebherr Group 10.14 Mahindra & Mahindra Ltd 10.15 Manitowoc 10.16 SAME DEUTZ-FAHR Italia S.p.A. 10.17 Terex Corporation, 10.18 YANMAR CO., LTD