Global Off-Road Vehicle Market Key Insights and Forecast Assumptions until the End of 2026

Published: Mon Nov 19 2018

Inclusive of a host of heavy duty vehicle types such as diggers, tractors, excavators, and all-terrain vehicles, off-road vehicles find ample utility in sports, recreation activities, commercial, and industrial purposes such as mining and construction. Technological advancement such as incorporation of high-power sensors for operational efficiency is acknowledged as a potential growth driver in off-road vehicle market. In its recently collated business intelligence report titled, ‘Off-road Vehicle Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026’, Market Research Reports Search Engine (MRRSE) enumerates vital market developments and their corresponding impact on the growth of off-road vehicle market.

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Non-contact Position Sensors and Fire Suppression Mechanism: Trending Features

Besides incorporating technological novelties such as non-contact position sensors for superlative off-vehicle performance under harsh conditions, leading market participants in off-road vehicle market are also relying on enhanced vehicle features such as automatic fire suppression mechanism to ensure safety. Such innovative developments are expected to justify leading positions of prominent market players in off-road vehicle market. Additionally leading players are also motivated to limit price hikes and high maintenance costs of off-road vehicles to encourage larger adoption.

Toyota to Soon Debut its Compact Off-Road SUV, FT-4X

Striving to remain industry specific in their offerings, leading automobile market player Toyota is soon to release its latest series of off-road vehicle (FT-4X, SUV). The soon-to-release off-road vehicle offering is expected to demonstrate sturdy finish with a compact body to compete against its bulky counterparts in off-road vehicle competition matrix, aligning with evolving millennial preferences.

The report is a comprehensive market overview of market drivers, restraints, and trends directing growth in off-road vehicles market. To allow readers with their investment decisions, this section of the report entails diverse deep-dive preview on existing market segments such as application, fuel type, and engine size. Based on application, global off-road vehicle market is classified into construction and mining and agriculture. Construction and mining is further splintered into excavator, loader, dozer, articulated dump truck, and motor scraper amongst others. Based on agriculture, off-road vehicle market is fragmented into tractors and other agricultural equipment. In terms of fuel type, off-road vehicle market is classified into diesel and gasoline. By engine size, the market is diversified into <100HP, 101-200HP, 201-400HHP, and >400 HP.

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Asia-Pacific to Remain Lucrative through the Forecast Span

Further as the report progresses, this section of the report also offers a clear understanding on geographical penetration of off-road vehicle market, based on which the market is demarcated into Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa s prominent regional belts in off-road vehicles market.

Competition Spectrum: Off-Road Vehicles Market

Based on thorough research elements gleaned in this section of the report, readers are presented with elaborate details on prominent market players in off-road vehicle market, their recent developments, revenue contribution, as well as an inside report on winning marketing strategies implemented by leading market players across regions and their eventual implications on holistic market growth as eventual purchase decisions. Some of the leading players identified in off-road vehicle market include, AB Volvo, Caterpillar, Bell Equipment, CLAAS KGaA mbH, KUBOTA Corporation, Liebherr Group, and Mahindra & Mahindra Ltd. amongst numerous others.

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