Digitization, Automation, and Cross-industry Synergies Drive Future Growth Potential
This research service analyzes the growth of the North American off-highway equipment industry. Government mandates and consortiums, which drive sustainable practices, will enable digital transformation and accelerated adoption of alternate powertrains. The requirement to better monitor and optimize operations and equipment in construction, mining, and agriculture has created the need for collaborations across multiple industry verticals. The synergies between original equipment manufacturers (OEMs), suppliers, and service providers will lead to solutions that enhance productivity and reduce costs. Collaborations between OEMs, digital solution providers, battery manufacturers, utility companies, dealerships, and technology companies are creating a new wave of solutions that enhance the customer experience.
These synergies will drive innovation, creating a sustainable environment. Moreover, the paradigm shift in purchase patterns and processes has paved the way for innovative digital solutions, attracting technology companies and digital solution providers. While traditional OEMs develop in-house solutions, several start-ups in the off-highway equipment industry are beginning to offer retrofit/stand-alone solutions that will improve connectivity and automation.
Research Scope
- Analyze 2021 - 2030 growth trends
- Evaluate the technology trends and market dynamics for construction, mining, and agricultural equipment segments
- Examine market status and understand the expectations by 2030
Key Issues Addressed:
- What are the main areas of demand and growth?
- Who are the top industry participants, and what are their anticipated development and launch activities for 2021 - 2030?
- What are some of the notable partnerships and highlights in the industry?
- What are the main factors and trends shaping the growth of the North American off-highway industry?
