Off Highway Diesel Engine Market is likely to register double digit CAGR By 2025

However, the costs associated with deploying such diesel engines are too high for small and medium sized fleet operators. Due to the low profit margins, they continue using the conventional machineries and equipment for executing the mining and construction activities. Also, countries with unstable mining policies hamper the regular use of such off-highway diesel engine equipment. These factors adversely affect the growth of off-highway diesel engine market.

Off-Highway diesel engines refer to those engines that are designed to meet the needs of applications across sectors such as construction, mining and industrial. These engines deliver stable performance in extreme conditions such as dust, vibration, high altitudes and harsh climatic conditions thereby improving productivity and enhancing profitability. Such engines are also used in off-highway vehicles such as excavators, cranes, mixers, backhoes and forklifts in performing various tasks. These diesel engines are configured each time to meet the heavy-duty requirements for specific applications.

On the basis of end-use applications, the off-highway diesel engine market is segmented into mining, construction, and agricultural applications. On the basis of region, the off-highway diesel engine market revenue is primarily contributed by the North American region due to the presence of off-road emission standards such as California Air Resources Board (CARB) and U.S. Environmental Protection Agency (EPA), which drive their adoption across industries. Asia Pacific is expected to contribute to the growth of this market due to the increasing mining and construction activities in the region.

Read Report Overview @ https://www.persistencemarketresearch.com/market-research/off-highway-diesel-engine-market.asp

The increasing government regulations for near-zero diesel emissions are the prime factors fuelling the growth of off-highway diesel engines market. For instance, U.S. EPA has implemented emission standards for all off-road vehicles, equipment and engines and supports the deployment of off-highway diesel engines that comply with such regulations. In addition to EPA, the CARB has implemented stringent regulations for handheld and non-handheld engines to control the exhaust emissions and control pollution related urban health problems. Similarly, European Commission has implemented measures to reduce air pollutants from non-road mobile machineries, thereby encouraging the use of off-highway diesel engines.

Another factor fuelling the growth of off-highway diesel engine market is the stiff competition in the mining industries to cut down costs on fuel prices and enhance profits. Therefore, the fleet operators and managers prefer the use of off-highway diesel engine so as to gain competitive advantage and sustain profitability. However, the costs associated with deploying such diesel engines are too high for small and medium sized fleet operators. Due to the low profit margins, they continue using the conventional machineries and equipment for executing the mining and construction activities. Also, countries with unstable mining policies hamper the regular use of such off-highway diesel engine equipment. These factors adversely affect the growth of off-highway diesel engine market.

Request Report For TOC @ https://www.persistencemarketresearch.com/toc/20671

With the goal to comply with the changing emission standards and improve fuel efficiency, major players in the market are coming with new machinery and equipment. This helps them improve the product portfolio and further penetrate the international markets. For instance, Volvo Construction Equipment, one of the major players in the market, on 28th July 2014, introduced H-series L110H and L120H wheel loaders that meet stringent emission regulations. It possesses the innovative optishift transmission system for improved fuel efficiency up to 18 percent. The other prominent players in the market are Deere & Company (U.S.), Scania AB (Sweden), Perkins Engines (U.S.), MTU Detroit Diesel (Australia), Komatsu America Corporation (U.S.), Cummins Inc. (U.S.), CNH Industrial N.V (Italy) and Caterpillar Inc. (U.S.).

Request To Sample Of Report @ https://www.persistencemarketresearch.com/samples/20671


Contact Details

Company Name: Persistence Market Research
Issued By: Persistence Market Research
Phone: 8009610353
Address: 305 Broadway 7th Floor
City: New York
State: United States
Zip: 10007
Country: United States
Website: Visit the website

Keywords : Off Highway Diesel Engine Market, Global Off Highway Diesel Engine Market, Off Highway Diesel Engine Market industry, Off Highway Diesel Engine Market size,

by Persistence Market Research (27 days ago)

Latest Press Releases

Global Smart TV Market Status and Prospect, Forecast 2018 to 2026

Global Smart Robot Market Status and Prospect, Forecast 2018 to 2026

Global Location Based Services Market Status and Prospect, Forecast 2018 to 2026

GLOBAL FROZEN PROCESSED FOOD MARKET TO SURPASS US$ 85.49 BILLION BY 2025

Matrix to Introduce Security Solutions for Enterprises at ISC WEST 2018

Propylene Oxide Market Expected to Reach US$ 20,000 Mn by 2025

Get a Healthy Manhood with Vitamin E

Tankless Water Heater Market Revenues to Reach US$ 25,498 Mn by 2024

Global Dairy Blends Market Status and Prospect, Forecast 2018 to 2026

Global Corn Starch Market Status and Prospect, Forecast 2018 to 2026

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.