오프 하이웨이 차량용 엔진 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Off-Highway Vehicle Engines Market was valued at USD 28.6 billion in 2024 and is estimated to grow at a CAGR of 5.3% to reach USD 47.8 billion by 2034. Market expansion is largely attributed to ongoing infrastructure advancements, increased mechanization in farming, and the rising demand for equipment in mining operations. These engines are essential for heavy-duty applications, and their importance continues to grow as industries seek high-performance solutions that can deliver both durability and operational efficiency. As governments invest in major public development projects and as agricultural and industrial output continue to rise globally, the need for powerful, efficient engines across these off-highway segments is becoming more critical.

One of the key drivers behind this growth is the increased emphasis on energy-efficient and low-emission technologies. The market is witnessing a notable shift as manufacturers invest in cleaner, hybrid, and electric powertrain alternatives. OEMs are increasingly focusing on the integration of next-generation engine systems that can reduce fuel usage while meeting stringent emissions regulations. This shift is motivated not only by environmental concerns but also by the rising cost of fuel and the global push toward sustainable practices. As a result, advanced engine platforms are gaining popularity in core industries where power and reliability remain non-negotiable.

Demand for high-output, fuel-efficient engines is on the rise, especially in sectors where heavy-duty equipment operates under extreme conditions. Equipment used across various industries must deliver high torque and strong performance without compromising fuel economy. These functional requirements are pushing engine manufacturers to innovate and upgrade existing systems with enhanced fuel efficiency, lower emissions, and improved performance capabilities. OEMs are taking an active role in adopting cutting-edge technologies and are forming partnerships to design engines that meet the evolving demands of off-highway operations.

In 2024, engines with a power output ranging between 101 and 200 horsepower led the global market, securing approximately 38% of the total share. This segment is projected to grow at a CAGR of over 5.8% throughout the forecast timeline. The popularity of engines in this category stems from their balance between strength and efficiency, making them suitable for a wide range of mid-sized equipment across multiple industries. Their adaptability ensures reliable performance in diverse work environments, which keeps this segment at the forefront of demand.

From a fuel perspective, diesel-powered engines retained the top position in 2024, making up about 69% of the global market. This segment is forecasted to grow at a CAGR exceeding 6.5% between 2025 and 2034. Diesel remains the preferred choice due to its unmatched torque and energy output, especially in environments where consistent, high-power operation is vital. The global infrastructure for diesel supply is mature and widely accessible, particularly in remote or developing regions. As a result, diesel engines continue to be the backbone of off-highway applications, and manufacturers are prioritizing research into advanced diesel technologies that align with emerging environmental standards without sacrificing reliability or power.

On the application front, the construction equipment category emerged as the leading segment in 2024, driven by increased activity in infrastructure development and global urbanization. Rising investments in housing, transportation networks, and commercial infrastructure are translating into heightened demand for heavy machinery powered by robust engine systems. These machines need to operate efficiently under tough conditions, and the requirement for dependable engine performance makes this segment a consistent contributor to market growth.

Regarding engine type, internal combustion engines (ICEs) maintained their dominance in 2024. Their widespread use can be attributed to their long-standing reliability and established infrastructure. ICEs remain a popular choice, especially in regions where electrical charging facilities are sparse or inconsistent. These engines provide uninterrupted operation, which is a significant advantage in large-scale, continuous-use settings. Their ability to perform in harsh and remote environments ensures that demand remains strong, particularly in regions with growing industrialization and development.

In 2024, China led the Asia-Pacific off-highway vehicle engines market, capturing around 38% of the regional share and generating approximately USD 4.4 billion in revenue. The country's rapid industrial growth and extensive infrastructure rollout are key contributors to this leadership position. High demand for heavy machinery within the nation's development and mining sectors continues to drive engine sales. Moreover, China's expansive agricultural base adds to the requirement for efficient, durable engines capable of meeting rising output demands across multiple verticals.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
  • 1.1.1 Research approach
  • 1.1.2 Data collection methods
• 1.2 Base estimates and calculations
  • 1.2.1 Base year calculation
  • 1.2.2 Key trends for market estimates
• 1.3 Forecast model
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Supplier landscape
  • 3.2.1 Raw material suppliers
  • 3.2.2 Component manufacturers
  • 3.2.3 Engine manufacturers (OEMs)
  • 3.2.4 Vehicle manufacturers (Off-Highway OEMs)
  • 3.2.5 Distributors & aftermarket service providers
• 3.3 Profit margin analysis
• 3.4 Trump administration tariffs
  • 3.4.1 Impact on trade
    • 3.4.1.1 Trade volume disruptions
    • 3.4.1.2 Retaliatory measures by other countries
  • 3.4.2 Impact on the industry
    • 3.4.2.1 Price Volatility in key materials
    • 3.4.2.2 Supply chain restructuring
    • 3.4.2.3 Power output and cost implications
  • 3.4.3 Key companies impacted
  • 3.4.4 Strategic industry responses
    • 3.4.4.1 Supply chain reconfiguration
    • 3.4.4.2 Pricing and Power output strategies
  • 3.4.5 Outlook and future considerations
• 3.5 Technology & innovation landscape
• 3.6 Price trends
• 3.7 Cost breakdown analysis
• 3.8 Patent analysis
• 3.9 Key news & initiatives
• 3.10 Regulatory landscape
• 3.11 Impact forces
  • 3.11.1 Growth drivers
    • 3.11.1.1 Rising infrastructure development
    • 3.11.1.2 Technological advancements in engine design
    • 3.11.1.3 Growing demand for electric and hybrid off-highway vehicles
    • 3.11.1.4 Growth in the mining sector
    • 3.11.1.5 Increased investment in smart agricultures
  • 3.11.2 Industry pitfalls & challenges
    • 3.11.2.1 High initial cost of equipment
    • 3.11.2.2 Maintenance and durability issues
• 3.12 Growth potential analysis
• 3.13 Porter's analysis
• 3.14 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Power output, 2021 - 2034 ($Bn, Units)

• 5.1 Key trends
• 5.2 Below 50 HP
• 5.3 50–100 HP
• 5.4 101–200 HP
• 5.5 201–400 HP
• 5.6 Above 400 HP

Chapter 6 Market Estimates & Forecast, By Fuel, 2021 - 2034 ($Bn, Units)

• 6.1 Key trends
• 6.2 Diesel
• 6.3 Gasoline
• 6.4 Others

Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)

• 7.1 Key trends
• 7.2 Construction equipment
• 7.3 Mining equipment
• 7.4 Agricultural equipment
• 7.5 Forestry equipment

Chapter 8 Market Estimates & Forecast, By Engine, 2021 - 2034 ($Bn, Units)

• 8.1 Key trends
• 8.2 Internal combustion engines (ICE)
• 8.3 Hybrid engines
• 8.4 Electric engines

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
  • 9.3.6 Russia
  • 9.3.7 Nordics
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 ANZ
  • 9.4.6 Southeast Asia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 UAE
  • 9.6.2 Saudi Arabia
  • 9.6.3 South Africa

Chapter 10 Company Profiles

• 10.1 Caterpillar
• 10.2 CNH Industrial
• 10.3 Cummins
• 10.4 Deere & Company
• 10.5 Doosan Infracore
• 10.6 FPT Industrial
• 10.7 Hatz Diesel
• 10.8 Honda Motor
• 10.9 Isuzu Motors
• 10.10 Kohler
• 10.11 Komatsu
• 10.12 Kubota
• 10.13 MAN
• 10.14 Mitsubishi Heavy Industries
• 10.15 Perkins Engines
• 10.16 Scania
• 10.17 Shaanxi Fast Gear
• 10.18 Tata Motors
• 10.19 Volvo
• 10.20 Yanmar