Market Research Report
Hybridization Trends in the Global Off-highway Vehicle Market, 2017-2025
|Published by||Frost & Sullivan||Product code||625877|
|Published||Content info||107 Pages
Delivery time: 1-2 business days
|Hybridization Trends in the Global Off-highway Vehicle Market, 2017-2025|
|Published: April 2, 2018||Content info: 107 Pages||
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.
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.