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Hybridization Trends in the Global Off-highway Vehicle Market, 2017–2025

  • Report

  • 107 Pages
  • April 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4515295

Global Demand for Hybrid Off-highway Vehicles (OHVs) Will Double During the Period to Reach 51,585 Units in 2025

This aim of this study is to research, identify, and understand the global hybridization trends in select off-highway vehicle markets. OEMs and engine manufacturers are increasingly embracing the future Mega Trend of zero emissions by expanding their portfolio of powertrain options. The need to comply with the strengthening emission regulations and the need for lesser fuel consumption have led to off-highway OEMs and suppliers developing a range of hybrid technologies that will enable fuel savings of up to 50% as well as machinery with improved operability.

This study provides a strategic overview of the hybridization in the OHV industry globally (including North America, Europe, Asia, Rest of World), with a detailed look at market size forecasts from 2018 to 2025. The study also analyses the key drivers and restraints, market trends, growth opportunities, and the competitive landscape from 2017 to 2025. It also provides a market overview and the technology trends impacting select off-highway commercial vehicle markets. An ongoing trend in the market is broadening the range of applications and driving down costs to enable further penetration of technologies. Hybrid powertrains will establish a premium market segment globally and provide opportunities for original equipment manufacturers, suppliers, and service providers.

Research Scope

The market trends are analyzed for a study period of 2018 to 2025, with the base year being 2017. Companies mentioned in the competitive landscape of this study are CNH Industrial, Caterpillar, Cummins, Terex Corporation, Liebherr, Volvo Construction Equipment , Yanmar Arg, And Doosan Infracore, Hitachi Construction Machinery, And Sany Heavy Industry.

Geographic Scope: The geographic scope of the study is global and includes, Europe (All 28 European Union countries), Russia, the US, Brazil, Mexico, Africa (Kenya, Nigeria, Algeria, South Africa, Tanzania, and Uganda), Asia-Pacific (India, China, Japan, Thailand, Indonesia, Vietnam, Cambodia, and Australia), Latin America, and Israel.

Secondary Research: This includes the extraction of information from existing reports and project materials within the Frost & Sullivan database, to include data and information gathered from technical papers, specialized magazines, seminars, and Internet research.

Primary Research: More than 10 interviews have been conducted over the phone by senior consultants/industry analysts with original equipment suppliers, regulation authorities, and distributors. Primary research has accounted for 80% of the total research.

Key Issues Addressed

  • What is the existing market structure of hybrid powertrain in off-highway equipment across the globe?
  • What are the emerging markets for hybrid powertrain in off-highway equipment and why?
  • What are the growth drivers, challenges, and opportunities in the global market?
  • What are the technology trends across the global market?
  • What is the outlook for the global hybrid power train in off-highway equipment in 2025?

Table of Contents

1. Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • Key Findings and Future Outlook
  • Powertrain Landscape 2017
  • OHV Vehicles Hybrid Technology Roadmap
  • Technology AnalysisKey Hybrid Powertrain Subsystems
  • Decline in Battery Prices to Drive Electrification
  • Product Mapping
  • Hybrid Excavator Landscape 2017
  • Hybrid Loader Landscape 2017

2. Research Scope, Objectives, Background, and Methodology

  • Research Scope
  • Research Aims and Objectives
  • Key Questions this Study will Answer
  • Research Methodology

3. Market Overview and Classification
Market Segmentation

4. Market Dynamics

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

5. Technology Trends and Analysis

  • Historical Development of Hybridization in Off-highway Vehicle Industry
  • Key Findings and Future Outlook
  • Global Business Outlook
  • Technology AnalysisTechnology Roadmap
  • Explanation of Technology Roadmap
  • Powertrain Configurations
  • Parallel Hybrid Electric Vehicles
  • Series Hybrid Electric Vehicles
  • Combination of Parallel and Series
  • Regional Snapshot
  • Factors Affecting Construction Equipment Emissions
  • Need for Hybrid Powertrain
  • Key Hybrid Powertrain Subsystems
  • 3 Steps to Minimize Emission in OHV
  • Emission Norms Roadmap
  • Emission Norms
  • Emission NormsEuro Standards
  • Emission NormsEPA Standards
  • Emission NormsBharat Stage

6. Quantitative Forecast

  • Market Engineering Measurements
  • Off-highway Vehicle HybridizationMarket Outlook
  • Global Off-highway Vehicle Unit Shipment Forecast
  • Regional Snapshot
  • Forecasting Assumptions
  • Off-Highway Hybrid Powertrain Production Forecast
  • Hybrid Powertrain Penetration
  • Off-Highway Hybrid Powertrain Production Forecast by Product Type
  • Off-Highway Hybrid Powertrain Production Forecast by Region

7. Competitive Landscape

  • Caterpillar Inc.
  • Cnh Industrial Nv
  • Doosan Infracore
  • Hitachi Construction Machinery
  • Komatsu Ltd.
  • Liebherr Ag
  • Mitsubishi Heavy Equipment
  • Oem Profilescaterpillar
  • Oem Profilesdeutz-Heinzmann
  • Oem Profilesmecalac
  • Oem Profilesvolvo
  • Products Offered
  • Sany Heavy Industry Co.,Ltd
  • Terex Corporation
  • Volvo Construction Equipment
  • Yanmar Co.,Ltd.


8. Growth Opportunities
CollaborationGlobal Opportunity

9. Conclusions and Future Outlook

  • Key Findings and Future Outlook
  • Strategic RecommendationsOEM
  • Strategic RecommendationsSuppliers
  • Key Conclusion
  • Legal Disclaimer

10. Appendix
List of Exhibits

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Caterpillar Inc.
  • CNH Industrial NV
  • Doosan Infracore
  • Hitachi Construction Machinery
  • Komatsu Ltd.
  • Liebherr AG
  • Mitsubishi Heavy Equipment
  • Sany Heavy Industry Co.,Ltd
  • Terex Corporation
  • Volvo Construction Equipment
  • Yanmar Co.,Ltd.