Off Highway Vehicle Engine Market Report by Power Output (Agricultural Machinery, Construction Machinery), Engine Capacity (<5L Capacity, 5L-10L Capacity, >10L Capacity), Fuel Type (Diesel, Gasoline, and Others), and Region 2025-2033

Off Highway Vehicle Engine Market Report by Power Output (Agricultural Machinery, Construction Machinery), Engine Capacity (<5L Capacity, 5L-10L Capacity, >10L Capacity), Fuel Type (Diesel, Gasoline, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5800

Market Overview:

The global off highway vehicle engine market size reached USD 44.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 69.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.81% during 2025-2033.

Report Attribute
 Key Statistics 
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 44.8 Billion
Market Forecast in 2033
USD 69.8 Billion
Market Growth Rate 2025-2033 4.81%


An off highway vehicle (OHV) is a motor vehicle not intended to be driven or moved on a public highway. It includes all-terrain vehicles (ATVs), four-wheelers, three-wheelers, motorcycles, dirt and trail bikes, and snowmobiles. It has flexible suspension, caterpillar tracks, and large tires with deep treads. In recent years, automotive manufacturers have worked to improve OHV engine designs to minimize the emission of pollutants using techniques, such as direct fuel injection, variable valve timing, combustion chamber mixing, and exhaust gas recycling. These methods help improve the efficiency of combustion, which lowers pollutant generation and offers energy efficiency. 

Off Highway Vehicle Engine Market Trends:

With the rising agricultural mechanization, the production, distribution, and utilization of agricultural machinery is increasing in the development of agricultural land, planting, harvesting, and primary processing. This, in confluence with the thriving agriculture sector, represents one of the key actors propelling the growth of the market. Moreover, there is a rise in the use of forklift trucks, which are generally powered by petrol and diesel engines for transporting heavy building materials across rough terrain. Besides this, load haul dump (LHD) machines are increasingly being utilized in underground environments like mines to load and transport ore and minerals. This, coupled with increasing mining activities around the world, is creating a positive outlook for the market. Apart from this, ATVs find extensive applications in border patrol and security, construction operations, emergency medical response, search and rescue, law enforcement, land management and surveying, military operations, and mineral and oil exploration. This, along with the rising electrification of OHVs on account of benefits, such as clean air, efficiency, and safety, is strengthening the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global off highway vehicle engine market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on power output, engine capacity and fuel type.

Breakup by Power Output:

  • Agricultural Machinery
    • Upto 30 HP
    • 31-50 HP
    • 51-80 HP
    • 81-140 HP
    • 140+ HP
  • Construction Machinery
    • Upto 100 HP
    • 101-200 HP
    • 201-400 HP
    • 400+ HP
       

Breakup by Engine Capacity:

  • <5L Capacity
  • 5L-10L Capacity
  • >10L Capacity
     

Breakup by Fuel Type:

  • Diesel
  • Gasoline
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), J C Bamford Excavators Ltd., Komatsu Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., Weichai Power Co. Ltd and Yanmar Holdings Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Power Output, Engine Capacity, Fuel Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AB Volvo, AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), J C Bamford Excavators Ltd., Komatsu Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., Weichai Power Co. Ltd and Yanmar Holdings Co. Ltd.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The off highway vehicle engine market was valued at USD 44.8 Billion in 2024.

The off highway vehicle engine market is projected to exhibit a CAGR of 4.81% during 2025-2033.

The off highway vehicle engine market is driven by increased demand for construction, mining, and agricultural machinery, fueled by infrastructure growth and industrialization. Rising fuel efficiency standards, government regulations on emissions, and technological advancements in engine performance and durability further boost the market. Additionally, growing demand for automation drives engine innovations.

Asia Pacific currently dominates the market driven by driven by rapid industrialization, increased construction activities, and infrastructure development.

Some of the major players in the off highway vehicle engine market include AB Volvo, AGCO Corporation, Caterpillar Inc., Cummins Inc., Deere & Company, Deutz AG, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), J C Bamford Excavators Ltd., Komatsu Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., Weichai Power Co. Ltd and Yanmar Holdings Co. Ltd.

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Off Highway Vehicle Engine Market Report by Power Output (Agricultural Machinery, Construction Machinery), Engine Capacity (<5L Capacity, 5L-10L Capacity, >10L Capacity), Fuel Type (Diesel, Gasoline, and Others), and Region 2025-2033
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