Off-road Vehicle Market (Application: Construction and Mining, Agriculture; Fuel Type: Diesel, Gasoline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Jan 2023| TMR857B| Transparency

Report Highlights

Off-road Vehicle Market – Scope of Report

TMR’s report on the global off-road vehicle market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global off-road vehicle market for the period 2017–2031, considering 2022 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global off-road vehicle market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the off-road vehicle market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global off-road vehicle market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global off-road vehicle market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global off-road vehicle market.

The report delves into the competitive landscape of the global off-road vehicle market. Key players operating in the global off-road vehicle market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global off-road vehicle market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market off-road vehicle.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

  • Company websites, presentations, annual reports, white papers, technical paper, product brochure
  • Internal and external proprietary databases and relevant patents
  • National government documents, statistical databases, and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

  • Industry Sources:
    • WorldWideScience.org
    • Elsevier, Inc.
    • National Institutes of Health (NIH)
    • PubMed
    • NCBI
    • Department of Health Care Service
  • Trade Data Sources
    • Trade Map
    • UN Comtrade
    • Trade Atlas
  • Company Information
    • OneSource Business Browser
    • Hoover’s
    • Factiva
    • Bloomberg
  • Mergers & Acquisitions
    • Thomson Mergers & Acquisitions
    • MergerStat
    • Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

  • Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
  • Purchasing/Sourcing managers, technical personnel, distributors
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

  • Advanced Oncotherapy PLC
  • Danfysik A/S
  • Hitachi, Ltd.
  • IBA Worldwide
  • Mevion Medical Systems, Inc.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2031
Growth rate 5.12%
Units considered $ Billion
Segments covered By Fuel Type, By Application, By Engine Size, By Region
Industry covered Automotive
Countries covered North America, Europe, Asia Pacific, Middle East & Africa, South America
Companies studied
  • Caterpillar Inc.,
  • YANMAR CO., LTD.,
  • Deere & Company,
  • KUBOTA Corporation,
  • Valtra,
  • Escorts Limited,
  • CLAAS KGaA,
  • Mahindra & Mahindra Ltd.,
  • Hitachi, Ltd.,
  • SAME DEUTZ-FAHR Italia S.p.A.and Others.

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others

Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

  • Table 1 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 2 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 3 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 4 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 5 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 6 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 7 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Region, 2017-2031
  • Table 8 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Region, 2017-2031
  • Table 9 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 10 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 11 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 12 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 13 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 14 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 15 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country 2017-2031
  • Table 16 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Country 2017-2031
  • Table 17 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 18 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 19 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 20 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 21 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 22 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 23 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Table 24 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Table 25 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 26 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 27 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 28 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 29 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 30 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 31 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Table 32 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Table 33 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 34 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 35 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 36 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 37 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 38 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 39 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Table 40 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Table 41 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Table 42 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Table 43 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Table 44 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Table 45 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Table 46 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Table 47 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Table 48 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 1 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 2 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 3 : Global Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 4 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 5 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 6 : Global Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 7 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 8 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 9 : Global Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 10 : Global Off-road Vehicle Market Volume (Thousand Units) Forecast, by Region, 2017-2031
  • Figure 11 : Global Off-road Vehicle Market Value (US$ Bn) Forecast, by Region, 2017-2031
  • Figure 12 : Global Off-road Vehicle Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022-2031
  • Figure 13 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 14 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 15 : North America Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 16 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 17 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 18 : North America Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 19 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 20 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 21 : North America Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 22 : North America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Figure 23 : North America Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 24 : North America Off-road Vehicle Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
  • Figure 25 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 26 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 27 : Europe Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 28 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 29 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 30 : Europe Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 31 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 32 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 33 : Europe Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 34 : Europe Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Figure 35 : Europe Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 36 : Europe Off-road Vehicle Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
  • Figure 37 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 38 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 39 : Asia Pacific Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 40 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 41 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 42 : Asia Pacific Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 43 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 44 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 45 : Asia Pacific Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 46 : Asia Pacific Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Figure 47 : Asia Pacific Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 48 : Asia Pacific Off-road Vehicle Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
  • Figure 49 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 50 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 51 : Middle East & Africa Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 52 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 53 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 54 : Middle East & Africa Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 55 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 56 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 57 : Middle East & Africa Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 58 : Middle East & Africa Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Figure 59 : Middle East & Africa Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 60 : Middle East & Africa Off-road Vehicle Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
  • Figure 61 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Application, 2017-2031
  • Figure 62 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Application, 2017-2031
  • Figure 63 : South America Off-road Vehicle Market, Incremental Opportunity, by Application, Value (US$ Bn), 2022-2031
  • Figure 64 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Fuel Type, 2017-2031
  • Figure 65 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Fuel Type, 2017-2031
  • Figure 66 : South America Off-road Vehicle Market, Incremental Opportunity, by Fuel Type, Value (US$ Bn), 2022-2031
  • Figure 67 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Engine Size, 2017-2031
  • Figure 68 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Engine Size, 2017-2031
  • Figure 69 : South America Off-road Vehicle Market, Incremental Opportunity, by Engine Size, Value (US$ Bn), 2022-2031
  • Figure 70 : South America Off-road Vehicle Market Volume (Thousand Units) Forecast, by Country, 2017-2031
  • Figure 71 : South America Off-road Vehicle Market Value (US$ Bn) Forecast, by Country, 2017-2031
  • Figure 72 : South America Off-road Vehicle Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031

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