Selected research
Market Structure
Global Off-highway Vehicle Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global Off-highway Vehicle market is projected to grow from US$ million in 2026 to US$ million by 2032, implying a CAGR of % over 2026-2032.
The US & Canada market for Off-highway Vehicle is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for Off-highway Vehicle is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Off-highway Vehicle is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for Off-highway Vehicle is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Off-highway Vehicle include Epiroc AB, Doosan Corporation, Deutz AG, Deere & Company, Daimler AG, Cummins, Inc., CRRC Corporation Limited, Liebherr and Kubota Corp, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
On the production side, the report examines Off-highway Vehicle output, growth rates, and market shares by manufacturer and by region (at regional and country level) for 2021-2026, with forecasts through 2032.
On the consumption side, the report analyzes sales of Off-highway Vehicle by region (regional and country level), company, type, and application for 2021-2026 and provides forecasts through 2032.
The report provides an overview of the global Off-highway Vehicle market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Off-highway Vehicle and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Off-highway Vehicle sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Off-highway Vehicle market size, projected growth trends, production technologies, key applications, and end-use industries.
Off-highway Vehicle Segment by Company
Epiroc AB
Doosan Corporation
Deutz AG
Deere & Company
Daimler AG
Cummins, Inc.
CRRC Corporation Limited
Liebherr
Kubota Corp
Komatsu Ltd,
J. C. Bamford Excavators Ltd.
Husqvarna
Hitachi Construction Machinery Co. Ltd.
Caterpillar, Inc.
AB Volvo
AGCO Corporation
Mahindra & Mahindra Limited (Mahindra Powertrain)
Massey Ferguson Ltd.
Sandvik AB
Sany Heavy Industries
Scania AB
Off-highway Vehicle Segment by Type
IC-Engine Propulsion
Electric Propulsion
Off-highway Vehicle Segment by Application
Material Handling Vehicles
Agricultural Equipment
Military Vehicles
Construction and Mining Equipment
Off-highway Vehicle Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Off-highway Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Off-highway Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Off-highway Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Off-highway Vehicle market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Off-highway Vehicle industry.
Chapter 3: Detailed analysis of Off-highway Vehicle market competition landscape. Including Off-highway Vehicle manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Off-highway Vehicle by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Off-highway Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- IC-Engine Propulsion
- Electric Propulsion
Applications
- Material Handling Vehicles
- Agricultural Equipment
- Military Vehicles
- Construction and Mining Equipment
Companies covered
- Epiroc AB
- Doosan Corporation
- Deutz AG
- Deere & Company
- Daimler AG
- Cummins, Inc.
- CRRC Corporation Limited
- Liebherr
- Kubota Corp
- Komatsu Ltd,
- J. C. Bamford Excavators Ltd.
- Husqvarna
- Hitachi Construction Machinery Co. Ltd.
- Caterpillar, Inc.
- AB Volvo
- AGCO Corporation
- Mahindra & Mahindra Limited (Mahindra Powertrain)
- Massey Ferguson Ltd.
- Sandvik AB
- Sany Heavy Industries
- Scania AB
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Off-highway Vehicle Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Off-highway Vehicle Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Off-highway Vehicle Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Off-highway Vehicle Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Off-highway Vehicle Market Dynamics
- 2.1 Off-highway Vehicle Industry Trends
- 2.2 Off-highway Vehicle Industry Drivers
- 2.3 Off-highway Vehicle Industry Opportunities and Challenges
- 2.4 Off-highway Vehicle Industry Restraints
3 Off-highway Vehicle Market by Manufacturers
- 3.1 Global Off-highway Vehicle Production Value by Manufacturers (2021-2026)
- 3.2 Global Off-highway Vehicle Production by Manufacturers (2021-2026)
- 3.3 Global Off-highway Vehicle Average Price by Manufacturers (2021-2026)
- 3.4 Global Off-highway Vehicle Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Off-highway Vehicle Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Off-highway Vehicle Manufacturers, Product Type & Application
- 3.7 Global Off-highway Vehicle Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Off-highway Vehicle Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Off-highway Vehicle Players Market Share by Production Value in 2025
- 3.8.3 2025 Off-highway Vehicle Tier 1, Tier 2, and Tier 3
4 Off-highway Vehicle Market by Type
- 4.1 Off-highway Vehicle Type Introduction
- 4.1.1 IC-Engine Propulsion
- 4.1.2 Electric Propulsion
- 4.2 Global Off-highway Vehicle Production by Type
- 4.2.1 Global Off-highway Vehicle Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Off-highway Vehicle Production by Type (2021-2032)
- 4.2.3 Global Off-highway Vehicle Production Market Share by Type (2021-2032)
- 4.3 Global Off-highway Vehicle Production Value by Type
- 4.3.1 Global Off-highway Vehicle Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Off-highway Vehicle Production Value by Type (2021-2032)
- 4.3.3 Global Off-highway Vehicle Production Value Market Share by Type (2021-2032)
5 Off-highway Vehicle Market by Application
- 5.1 Off-highway Vehicle Application Introduction
- 5.1.1 Material Handling Vehicles
- 5.1.2 Agricultural Equipment
- 5.1.3 Military Vehicles
- 5.1.4 Construction and Mining Equipment
- 5.2 Global Off-highway Vehicle Production by Application
- 5.2.1 Global Off-highway Vehicle Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Off-highway Vehicle Production by Application (2021-2032)
- 5.2.3 Global Off-highway Vehicle Production Market Share by Application (2021-2032)
- 5.3 Global Off-highway Vehicle Production Value by Application
- 5.3.1 Global Off-highway Vehicle Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Off-highway Vehicle Production Value by Application (2021-2032)
- 5.3.3 Global Off-highway Vehicle Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Epiroc AB
- 6.1.1 Epiroc AB Company Information
- 6.1.2 Epiroc AB Business Overview
- 6.1.3 Epiroc AB Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.1.4 Epiroc AB Off-highway Vehicle Product Portfolio
- 6.1.5 Epiroc AB Recent Developments
- 6.2 Doosan Corporation
- 6.2.1 Doosan Corporation Company Information
- 6.2.2 Doosan Corporation Business Overview
- 6.2.3 Doosan Corporation Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.2.4 Doosan Corporation Off-highway Vehicle Product Portfolio
- 6.2.5 Doosan Corporation Recent Developments
- 6.3 Deutz AG
- 6.3.1 Deutz AG Company Information
- 6.3.2 Deutz AG Business Overview
- 6.3.3 Deutz AG Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.3.4 Deutz AG Off-highway Vehicle Product Portfolio
- 6.3.5 Deutz AG Recent Developments
- 6.4 Deere & Company
- 6.4.1 Deere & Company Company Information
- 6.4.2 Deere & Company Business Overview
- 6.4.3 Deere & Company Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.4.4 Deere & Company Off-highway Vehicle Product Portfolio
- 6.4.5 Deere & Company Recent Developments
- 6.5 Daimler AG
- 6.5.1 Daimler AG Company Information
- 6.5.2 Daimler AG Business Overview
- 6.5.3 Daimler AG Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.5.4 Daimler AG Off-highway Vehicle Product Portfolio
- 6.5.5 Daimler AG Recent Developments
- 6.6 Cummins, Inc.
- 6.6.1 Cummins, Inc. Company Information
- 6.6.2 Cummins, Inc. Business Overview
- 6.6.3 Cummins, Inc. Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.6.4 Cummins, Inc. Off-highway Vehicle Product Portfolio
- 6.6.5 Cummins, Inc. Recent Developments
- 6.7 CRRC Corporation Limited
- 6.7.1 CRRC Corporation Limited Company Information
- 6.7.2 CRRC Corporation Limited Business Overview
- 6.7.3 CRRC Corporation Limited Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.7.4 CRRC Corporation Limited Off-highway Vehicle Product Portfolio
- 6.7.5 CRRC Corporation Limited Recent Developments
- 6.8 Liebherr
- 6.8.1 Liebherr Company Information
- 6.8.2 Liebherr Business Overview
- 6.8.3 Liebherr Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.8.4 Liebherr Off-highway Vehicle Product Portfolio
- 6.8.5 Liebherr Recent Developments
- 6.9 Kubota Corp
- 6.9.1 Kubota Corp Company Information
- 6.9.2 Kubota Corp Business Overview
- 6.9.3 Kubota Corp Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.9.4 Kubota Corp Off-highway Vehicle Product Portfolio
- 6.9.5 Kubota Corp Recent Developments
- 6.10 Komatsu Ltd,
- 6.10.1 Komatsu Ltd, Company Information
- 6.10.2 Komatsu Ltd, Business Overview
- 6.10.3 Komatsu Ltd, Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.10.4 Komatsu Ltd, Off-highway Vehicle Product Portfolio
- 6.10.5 Komatsu Ltd, Recent Developments
- 6.11 J. C. Bamford Excavators Ltd.
- 6.11.1 J. C. Bamford Excavators Ltd. Company Information
- 6.11.2 J. C. Bamford Excavators Ltd. Business Overview
- 6.11.3 J. C. Bamford Excavators Ltd. Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.11.4 J. C. Bamford Excavators Ltd. Off-highway Vehicle Product Portfolio
- 6.11.5 J. C. Bamford Excavators Ltd. Recent Developments
- 6.12 Husqvarna
- 6.12.1 Husqvarna Company Information
- 6.12.2 Husqvarna Business Overview
- 6.12.3 Husqvarna Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.12.4 Husqvarna Off-highway Vehicle Product Portfolio
- 6.12.5 Husqvarna Recent Developments
- 6.13 Hitachi Construction Machinery Co. Ltd.
- 6.13.1 Hitachi Construction Machinery Co. Ltd. Company Information
- 6.13.2 Hitachi Construction Machinery Co. Ltd. Business Overview
- 6.13.3 Hitachi Construction Machinery Co. Ltd. Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.13.4 Hitachi Construction Machinery Co. Ltd. Off-highway Vehicle Product Portfolio
- 6.13.5 Hitachi Construction Machinery Co. Ltd. Recent Developments
- 6.14 Caterpillar, Inc.
- 6.14.1 Caterpillar, Inc. Company Information
- 6.14.2 Caterpillar, Inc. Business Overview
- 6.14.3 Caterpillar, Inc. Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.14.4 Caterpillar, Inc. Off-highway Vehicle Product Portfolio
- 6.14.5 Caterpillar, Inc. Recent Developments
- 6.15 AB Volvo
- 6.15.1 AB Volvo Company Information
- 6.15.2 AB Volvo Business Overview
- 6.15.3 AB Volvo Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.15.4 AB Volvo Off-highway Vehicle Product Portfolio
- 6.15.5 AB Volvo Recent Developments
- 6.16 AGCO Corporation
- 6.16.1 AGCO Corporation Company Information
- 6.16.2 AGCO Corporation Business Overview
- 6.16.3 AGCO Corporation Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.16.4 AGCO Corporation Off-highway Vehicle Product Portfolio
- 6.16.5 AGCO Corporation Recent Developments
- 6.17 Mahindra & Mahindra Limited (Mahindra Powertrain)
- 6.17.1 Mahindra & Mahindra Limited (Mahindra Powertrain) Company Information
- 6.17.2 Mahindra & Mahindra Limited (Mahindra Powertrain) Business Overview
- 6.17.3 Mahindra & Mahindra Limited (Mahindra Powertrain) Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.17.4 Mahindra & Mahindra Limited (Mahindra Powertrain) Off-highway Vehicle Product Portfolio
- 6.17.5 Mahindra & Mahindra Limited (Mahindra Powertrain) Recent Developments
- 6.18 Massey Ferguson Ltd.
- 6.18.1 Massey Ferguson Ltd. Company Information
- 6.18.2 Massey Ferguson Ltd. Business Overview
- 6.18.3 Massey Ferguson Ltd. Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.18.4 Massey Ferguson Ltd. Off-highway Vehicle Product Portfolio
- 6.18.5 Massey Ferguson Ltd. Recent Developments
- 6.19 Sandvik AB
- 6.19.1 Sandvik AB Company Information
- 6.19.2 Sandvik AB Business Overview
- 6.19.3 Sandvik AB Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.19.4 Sandvik AB Off-highway Vehicle Product Portfolio
- 6.19.5 Sandvik AB Recent Developments
- 6.20 Sany Heavy Industries
- 6.20.1 Sany Heavy Industries Company Information
- 6.20.2 Sany Heavy Industries Business Overview
- 6.20.3 Sany Heavy Industries Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.20.4 Sany Heavy Industries Off-highway Vehicle Product Portfolio
- 6.20.5 Sany Heavy Industries Recent Developments
- 6.21 Scania AB
- 6.21.1 Scania AB Company Information
- 6.21.2 Scania AB Business Overview
- 6.21.3 Scania AB Off-highway Vehicle Production, Value and Gross Margin (2021-2026)
- 6.21.4 Scania AB Off-highway Vehicle Product Portfolio
- 6.21.5 Scania AB Recent Developments
7 Global Off-highway Vehicle Production by Region
- 7.1 Global Off-highway Vehicle Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Off-highway Vehicle Production by Region (2021-2032)
- 7.2.1 Global Off-highway Vehicle Production by Region (2021-2026)
- 7.2.2 Global Off-highway Vehicle Production Forecast by Region (2027-2032)
- 7.3 Global Off-highway Vehicle Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Off-highway Vehicle Production Value by Region (2021-2032)
- 7.4.1 Global Off-highway Vehicle Production Value by Region (2021-2026)
- 7.4.2 Global Off-highway Vehicle Production Value by Region (2027-2032)
- 7.5 Global Off-highway Vehicle Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Off-highway Vehicle Production Value (2021-2032)
- 7.6.2 Europe Off-highway Vehicle Production Value (2021-2032)
- 7.6.3 Asia-Pacific Off-highway Vehicle Production Value (2021-2032)
- 7.6.4 South America Off-highway Vehicle Production Value (2021-2032)
- 7.6.5 Middle East & Africa Off-highway Vehicle Production Value (2021-2032)
8 Global Off-highway Vehicle Consumption by Region
- 8.1 Global Off-highway Vehicle Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Off-highway Vehicle Consumption by Region (2021-2032)
- 8.2.1 Global Off-highway Vehicle Consumption by Region (2021-2026)
- 8.2.2 Global Off-highway Vehicle Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Off-highway Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Off-highway Vehicle Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Off-highway Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Off-highway Vehicle Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Off-highway Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Off-highway Vehicle Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Off-highway Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Off-highway Vehicle Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Off-highway Vehicle Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Off-highway Vehicle Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Off-highway Vehicle Value Chain Analysis
- 9.1.1 Off-highway Vehicle Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Off-highway Vehicle Production Mode & Process
- 9.2 Off-highway Vehicle Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Off-highway Vehicle Distributors
- 9.2.3 Off-highway Vehicle Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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