Off-road Engines Market
Off-road Engines Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Off-road Engines Market Size and Growth
The global off-road engines market is projected to reach a size of $10.5 billion by 2025, experiencing a CAGR of 4.3% during the forecast period. The market is driven by the increasing demand for construction equipment and agricultural machinery, particularly in emerging economies. Key players in the market include Caterpillar Inc., Cummins Inc., and Deutz AG.
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Companies Covered
(Covid 19 Impact Covered)
◍ Cummins
◍ Caterpillar
◍ MAN
◍ Yuchai
◍ Kubota
◍ Volvo Penta
◍ FPT
◍ Deutz
◍ Yanmar
◍ Deere
◍ Weichai Power
◍ Kunming Yunnei Power
◍ Mitsubishi Heavy Industries Engine & Turbocharger
◍ Lombardini
◍ Isuzu
◍ Quanchai
The Off-road Engines market is highly competitive with key players such as Cummins, Caterpillar, MAN, Yuchai, Kubota, Volvo Penta, FPT, Deutz, Yanmar, Deere, Weichai Power, Kunming Yunnei Power, Mitsubishi Heavy Industries Engine & Turbocharger, Lombardini, Isuzu, and Quanchai driving growth through innovative products and strategic partnerships.
- Cummins: $23.77 billion
- Caterpillar: $65.88 billion
- Kubota: $16.16 billion
- Yanmar: $3.33 billion
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Market Segmentation
By Application
◍ Agricultural Machinery
◍ Construction Machinery
◍ Generator
By Product
◍ Single-cylinder Engines
◍ Multi-cylinder Engines
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Market Growth
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$ X Billion USD
