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Global Off-Road Equipment Market & Technology Outlook 2023

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    Report

  • 231 Pages
  • August 2023
  • Region: Global
  • The Freedonia Group
  • ID: 5007785

Global demand for Off-Road Equipment is projected to increase 6.0 percent per year to 728 billion dollars in 2027. Increasing investment in electric and autonomous equipment as well as large replacement needs in mature markets will boost demand for newly developed machinery. 

This report covers Global Off-Road Equipment demand by Market and Region, along with a discussion of newly developed technologies in the markets. Data are given in dollar value.

Markets for off-road equipment include:

  • Construction Machinery
  • Agricultural Equipment
  • Mining Equipment
  • Forestry Equipment

Demand is broken out by regions:

  • North America
  • Central & South America
  • Western Europe
  • Eastern Europe
  • Asia/Pacific
  • Africa/Mideast

Scope of the Report

This report covers the scope, size, and growth of the Global Off-Road Equipment market including key trends in technological development. Historical data are provided for 2012, 2017, and 2022 with forecasts for 2027 and 2032 in the region breakout and forecasts for 2027 in market breakouts, with year-by-year historical market volatility also addressed. Data is provided in dollar value. Also included is an analysis of the industry key players and their percent share of investment toward research and development.

Table of Contents


1. Executive Summary
2. Market Overview
  • Study Scope
  • Off-Road Equipment Market Size & Growth Factors
  • Short-Term Off-Road Equipment Industry Trends
  • Long-Term Off-Road Equipment Market Outlook
3. Region & Country Sales Trends
  • Off-Road Equipment Outlook by Region
  • 2023 Forecast
  • Long-Term Regional Outlook
  • Growth Comparison by Country
  • Country Demand Trends
  • Country Spotlight: Brazil
  • Country Spotlight: Germany
  • Country Spotlight: Japan
  • Country Spotlight: Thailand
  • Country Spotlight: Turkey
4. Global Technology Trends
  • Product Development & Technology Focus
  • Industrial Internet of Things (IIoT)
  • Smart Technology Definition & Scope
  • Global Smart Technology Outlook
  • Autonomous Equipment
  • Predictive Maintenance
  • Global Positioning
  • Drones
  • Engine Technologies
  • Hybrids
  • All-Electric Equipment
  • Advanced Ergonomics & Operability
  • 3D-Printed Components
5. Construction Machinery
  • Scope & Product Description
  • Demand Forecast by Region
  • Technology Focus 2023
  • Key Innovation Trends
  • Smart Technology Outlook
  • Electric & Hybrid Engines
  • Autonomous & Semi-Autonomous Machines
  • Construction Drones
  • Improved Handling & Ergonomics
6. Agricultural Equipment
  • Scope & Product Description
  • Demand Forecast by Region
  • Technology Focus 2023
  • Key Innovation Trends
  • Smart Technology Outlook
  • Autonomous Tractors & Other Machinery
  • Farming Robots
  • Agricultural Drones
  • Precision Agriculture
  • Specialty Machines
  • Data Systems
7. Mining Equipment
  • Scope & Product Description
  • Demand Forecast by Region
  • Technology Focus 2023
  • Key Innovation Trends
  • Smart Technology Outlook
  • Autonomous & Semi-Autonomous Mining Machinery
  • Electric & Hybrid Mining Machinery
  • Digital Mine Management
  • High-Performance Equipment
  • Mining Drones
8. Forestry Equipment
  • Scope & Product Description
  • Demand Forecast by Region
  • Technology Focus 2023
  • Key Innovation Trends
  • Smart Technology Outlook
  • Fuel Efficiency & Lower Emissions
  • Improved Handling & Operator Comfort
  • Advanced Software & Remote Monitoring
  • Winch-Assist Technologies
  • Precision Forestry
  • Forestry Drones
9. Manufacturer Spotlight
  • Leading Global Suppliers
  • R&D Spending Trends
  • AGCO
  • Caterpillar
  • CNH Industrial
  • Deere
  • HD Hyundai
  • Hitachi
  • Komatsu
  • Kubota
  • Liebherr-International
  • Sandvik
  • SANY Group
  • Volvo
  • Xuzhou Construction Machinery Group
  • Zoomlion Heavy Industry Science and Technology
10. Appendix
  • Report Details
  • Definitions
  • Abbreviations
  • Methodology
  • Study-Specific Methodology
  • Sources
  • Associations & Agencies
  • Related Studies & Reports
  • Country Lists by Region
  • Macroeconomic Assumptions
  • Global Economic Outlook
  • Global Population
  • Global Construction Outlook
  • Global Manufacturing Outlook
List of Tables
2. Market Overview
Table 2.1: Global Off-Road Equipment Demand, 2012 - 2022 (million dollars)
Table 2.2: Annual Global Off-Road Equipment Demand by Product, 2020 - 2024 (million dollars)
Table 2.3: Global Off-Road Equipment Demand by Market, 2012, 2017, 2022, & 2027 (million dollars)

3. Region & Country Sales Trends
Table 3.1: Global Off-Road Equipment Demand by Region, 2021, 2022, & 2023 (million dollars)
Table 3.2: Global Off-Road Equipment Demand by Region, 2012, 2017, 2022, 2027, & 2032 (million dollars)
Table 3.3: Off-Road Equipment Demand Growth for Spotlight Countries, 2023 - 2027 (% CAGR)

4. Global Technology Trends
Table 4.1: Smart Off-Road Machinery Demand by Type, 2021, 2022, 2023, & 2027 (million dollars)
Table 4.2: Key Advantages of Autonomous Off-Road Equipment
Table 4.3: Global Construction, Agricultural, Mining, & Forestry Drone Demand, 2021, 2022, 2023, & 2027 (million dollars)
Table 4.4: Notable Developments in Hybrid Engine Equipment
Table 4.5: All-Electric Equipment Product Development

5. Construction Machinery
Table 5.1: Global Construction Machinery Demand by Region, 2021, 2022, 2023, & 2027 (million dollars)
Table 5.2: Electric Construction Machinery: Selected Products Available or in Development
Table 5.3: Autonomous & Semi-Autonomous Construction Machinery: Selected Products Available or in Development
Table 5.4: Construction Machinery with Improved Handling & Ergonomics: Selected Products

6. Agricultural Equipment
Table 6.1: Global Agricultural Equipment Demand by Region, 2021, 2022, 2023, & 2027 (million dollars)
Table 6.2: Autonomous Agricultural Equipment: Selected Products Available or in Development
Table 6.3: Startups with Farm Robots in Development
Table 6.4: Farming Robots: Selected Products Available or in Development
Table 6.5: Specialty Agricultural Equipment: Selected New Products

7. Mining Equipment
Table 7.1: Global Mining Equipment Demand by Region, 2021, 2022, 2023, & 2027 (million dollars)
Table 7.2: Autonomous Mining Equipment: Selected Products Available or in Development
Table 7.3: Electric & Hybrid Mining Equipment: Selected Products Available or in Development
Table 7.4: Digital Mine Management Technologies: Selected New Products
Table 7.5: Mining Equipment: Selected New Products

8. Forestry Equipment
Table 8.1: Global Forestry Equipment Demand by Region, 2021, 2022, 2023, & 2027 (million dollars)
Table 8.2: Fuel Efficient & Low Emissions Forestry Equipment: Selected New Products
Table 8.3: Forestry Equipment with Improved Handling or Operator Comfort: Selected Products

9. Manufacturer Spotlight
Table 9.1: Research & Development (R&D) Spending for Selected Off-Road Equipment Companies, 2022 (million dollars)

10. Appendix
Table 10.1: Off-Road Equipment Scope: Product Examples by Equipment Type
Table 10.2: Relevant NAICS & SIC Codes
Table 10.3: Relevant HS Codes
Table 10.4: Relevant NACE Codes
Table 10.5: Abbreviations & Acronyms Used in Study
Table 10.6: Countries in North America
Table 10.7: Countries in Central & South America
Table 10.8: Countries in Western Europe
Table 10.9: Countries in Eastern Europe
Table 10.10: Countries in the Asia/Pacific Region
Table 10.11: Countries in the Africa/Mideast Region
Table 10.12: Global Gross Domestic Product by Region & Country, 2012, 2017, 2022, 2027, & 2032 (billion 2021 dollars)
Table 10.13: Global Population by Region and Country, 2012, 2017, 2022, 2027, & 2032 (billion 2021 dollars)
Table 10.14: Global Construction Expenditures by Region & Country, 2012, 2017, 2022, 2027, & 2032 (billion 2021 dollars)
Table 10.15: Global Manufacturing Value Added by Region & Country, 2012, 2017, 2022, 2027, & 2032 (billion 2021 dollars)

List of Figures
1. Executive Summary
Figure 1.1: Global Off-Road Equipment Market

2. Market Overview
Figure 2.1: Off-Road Equipment: Product Examples
Figure 2.2: Global Off-Road Equipment Demand, 2000 - 2022 (billion dollars)
Figure 2.3: Global Off-Road Equipment Demand by Product, 2020 - 2024 (% CAGR)
Figure 2.4: Global Off-Road Equipment Demand, 2000 - 2032 (billion dollars)

3. Region & Country Sales Trends
Figure 3.1: Global Off-Road Equipment Demand Growth by Region, 2021 - 2023 (% CAGR)
Figure 3.2: Global Off-Road Equipment Demand by Region, 2000 - 2032 (billion dollars)
Figure 3.3: Global Off-Road Equipment: Fastest Growing Country Markets, 2023 - 2027 (% CAGR)
Figure 3.4: Brazil: Off-Road Equipment Market Position & Outlook, 2023 - 2027
Figure 3.5: Germany: Off-Road Equipment Market Position & Outlook, 2023 - 2027
Figure 3.6: Japan: Off-Road Equipment Market Position & Outlook, 2023 - 2027
Figure 3.7: Thailand: Off-Road Equipment Market Position & Outlook, 2023 - 2027
Figure 3.8: Turkey: Off-Road Equipment Market Position & Outlook, 2023 - 2027

4. Global Technology Trends
Figure 4.1: Off-Road Equipment Innovation Focus by Product Type
Figure 4.2: Smart Machinery Share of Off-Road Equipment Sales by Equipment Type, 2023 - 2027 (percent)
Figure 4.3: Autonomous Off-Road Equipment: Top Developers
Figure 4.4: Drones: Product Examples
Figure 4.5: Electric Powered Off-Road Equipment: Product Examples
Figure 4.6: Off-Road Equipment: Product Developments in 3D Printing

5. Construction Machinery
Figure 5.1: Construction Machinery: Product Examples
Figure 5.2: Global Construction Machinery Demand, 2003 - 2027 (billion dollars)
Figure 5.3: Global Construction Machinery Demand Outlook by Region, 2023 - 2027 (% CAGR)
Figure 5.4: Construction Machinery: Key Innovation Trends
Figure 5.5: Smart Construction Machinery Demand, 2022, 2023, & 2027 (million dollars)
Figure 5.6: Construction Drones: Product Examples

6. Agricultural Equipment
Figure 6.1: Agricultural Equipment: Product Examples
Figure 6.2: Global Agricultural Equipment Demand, 2003 - 2027 (billion dollars)
Figure 6.3: Agricultural Equipment Demand Growth by Region, 2023 - 2027 (% CAGR)
Figure 6.4: Agricultural Equipment: Key Innovation Trends
Figure 6.5: Global Smart Agricultural Equipment Demand, 2022, 2023, & 2027 (million dollars)
Figure 6.6: Agricultural Equipment: Autonomous Machinery in Development
Figure 6.7: Agricultural Equipment: Selected Robots in Development

7. Mining Equipment
Figure 7.1: Mining Equipment: Product Examples
Figure 7.2: Global Mining Equipment Demand, 2003 - 2027 (billion dollars)
Figure 7.3: Mining Equipment: Demand Growth by Region, 2023 - 2027 (% CAGR)
Figure 7.4: Mining Equipment: Key Innovation Trends
Figure 7.5: Global Smart Mining Equipment Demand, 2022, 2023, & 2027 (million dollars)

8. Forestry Equipment
Figure 8.1: Forestry Equipment: Product Examples
Figure 8.2: Global Forestry Equipment Demand, 2004 - 2027 (billion dollars)
Figure 8.3: Forestry Equipment: Demand Growth by Region, 2023 - 2027 (% CAGR)
Figure 8.4: Forestry Equipment: Key Innovation Trends
Figure 8.5: Smart Forestry Equipment Demand, 2022, 2023, & 2027 (million dollars)
Figure 8.6: Advanced Software for Forestry Equipment: Product Examples
Figure 8.7: Winch-Assist Systems for Forestry Equipment: Product Examples

9. Manufacturer Spotlight
Figure 9.1: AGCO: R&D Overview & Key Focus Areas
Figure 9.2: Caterpillar: R&D Overview & Key Focus Areas
Figure 9.3: CNH Industrial: R&D Overview & Key Focus Areas
Figure 9.4: Deere: R&D Overview & Key Focus Areas
Figure 9.5: HD Hyundai: R&D Overview & Key Focus Areas
Figure 9.6: Hitachi: R&D Overview & Key Focus Areas
Figure 9.7: Komatsu: R&D Overview & Key Focus Areas
Figure 9.8: Kubota: R&D Overview & Key Focus Areas
Figure 9.9: Liebherr-International: R&D Overview & Key Focus Areas
Figure 9.10: Sandvik: R&D Overview & Key Focus Areas
Figure 9.11: SANY Group: R&D Overview & Key Focus Areas
Figure 9.12: Volvo: R&D Overview & Key Focus Areas
Figure 9.13: Xuzhou Construction Machinery Group: R&D Overview & Key Focus Areas
Figure 9.14: Zoomlion: R&D Overview & Key Focus Areas

Companies Mentioned

  • AGCO
  • Caterpillar
  • CNH Industrial
  • Deere
  • HD Hyundai
  • Hitachi
  • Komatsu
  • Kubota
  • Liebherr-International
  • Sandvik
  • SANY Group
  • Volvo
  • Xuzhou Construction Machinery Group
  • Zoomlion Heavy Industry Science and Technology

Methodology

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