Study #: 3710 | Published: 02/2019 | Pages: 177 | Individual User License: US$ 3,900

Global Sales Gains to be Boosted by Sales of High-Tech, State-of-the-Art Equipment

Global demand for off-road equipment – including construction, agricultural, mining, and forestry machinery – is forecast to reach $471 billion by year-end 2019 and increase 4.0% annually through 2023. Growth will be boosted by investment in new and replacement machines featuring state-of-the-art technologies designed to help customers improve efficiency and productivity. Technological innovations in the off-road equipment industry are focused on autonomous equipment and robotics; fuel efficient and low- or zero-emission equipment; advanced ergonomics and improved operator comfort; and predictive maintenance, global positioning, drones, and other solutions made possible by advances in the Industrial Internet of Things (IIoT).

Key Findings in the Global Off-Road Equipment Technology Study:

OEMs Focus R&D on Autonomous and Semi-Autonomous Technologies

Off-road equipment OEMs are increasingly investing in the development of autonomous and semi-autonomous machines – specifically tractors, excavators, haulers, and harvesters – that are designed to be “aware” of their own status and health, as well as to “read” the surrounding work environment (e.g., detect obstacles and self-navigate).

Most commercially available autonomous products, and machines in development, are targeting the mining and agricultural markets. Such applications are well suited for autonomous equipment, as they typically involve controlled environments where tasks are performed consistently over a long period of time. The use of autonomous equipment will particularly benefit customers in countries – such as the US and Japan – where labor shortages and high wages make high-performance equipment a valuable investment.

All-Electric Equipment Models Remain a Key Development Target

While all-electric off-road equipment technologies remain in the early stages of development and commercialization, electric powertrains are poised to cause significant market disruption. OEMs are increasingly investing in this technology because more customers want advanced, zero-emissions equipment and electric machines that can work autonomously. Electric equipment also generates little noise, making it desirable in urban construction sites.

IIoT Technologies See Growing Adoption in Off-Road Equipment Applications

The development of smart off-road equipment is made possible by advances in IIoT technologies – networks of connected industrial devices, including systems that can collect, store, monitor, and analyze information. The mining equipment segment has seen the fastest adoption of IIoT technologies, which enable customers to monitor machinery and personnel, collect and analyze real-time environmental data, and use autonomous or semi-autonomous machines.

Study Coverage

This Freedonia industry study analyzes the $442 billion global off-road equipment market. It presents historical demand data for 2018 and forecasts for 2019 and 2023 by product (construction, agricultural, mining, and forestry equipment) and world region (North America, Central and South America, Western Europe, Eastern Europe, Asia/Pacific, Africa/Mideast). The study also provides data for smart off-road machinery demand, and discusses the R&D focus of the industry’s leading OEMs.


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Table of Contents

EXECUTIVE SUMMARY

REGIONAL MARKET OUTLOOK

Off-Road Equipment Market Size & Outlook by Region

Growth Comparison by Country

Global Demand Forecast by Equipment Type

Country Spotlight: China

Country Spotlight: Japan

Country Spotlight: Brazil

GLOBAL TECHNOLOGY TRENDS

Product Development & Technology Focus

Industrial Internet of Things (IIoT)

Smart Technology Definition & Scope

Global Smart Technology Outlook

Autonomous Equipment

Predictive Maintenance

Global Positioning

Drones

Engine Technologies

Hybrids

All-Electric Equipment

Advanced Ergonomics & Operability

3D Printed Components

CONSTRUCTION MACHINERY

Demand Forecast by Region

Technology Focus 2019

Key Innovation Trends

Smart Technology Outlook

Electric & Hybrid Engines

Autonomous & Semi-Autonomous Machines

Construction Drones

Improved Handling & Ergonomics

AGRICULTURAL EQUIPMENT

Demand Forecast by Region

Technology Focus 2019

Key Innovation Trends

Smart Technology Outlook

Autonomous Tractors & Other Machinery

Farming Robots

Agricultural Drones

Precision Agriculture

Specialty Machines

MINING EQUIPMENT

Demand Forecast by Region

Technology Focus 2019

Key Innovation Trends

Smart Technology Outlook

Autonomous & Semi-Autonomous Mining Machinery

Electric & Hybrid Mining Equipment

Digital Mine Management

High Performance Equipment

FORESTRY EQUIPMENT

Demand Forecast by Region

Technology Focus 2019

Key Innovation Trends

Smart Technology Outlook

Fuel Efficiency & Lower Emissions

Improved Handling & Operator Comfort

Advanced Software & Remote Monitoring

Winch-Assist Technologies

MANUFACTURER SPOTLIGHT

Leading Global Suppliers

Caterpillar

CNH Industrial

Deere

Hitachi

Komatsu

Kubota

Liebherr-International

Sandvik

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Population

Global Construction Outlook


List of Tables

REGIONAL MARKET OUTLOOK

Table 2-1 | Global Off-Road Equipment Demand by Region, 2018 - 2023 (million dollars)

Table 2-2 | Off-Road Equipment Demand Outlook for Selected Major Countries, 2019 - 2023 (% CAGR)

Table 2-3 | Global Off-Road Equipment Demand by Equipment Type, 2018 - 2023 (million dollars)

GLOBAL TECHNOLOGY TRENDS

Table 3-1 | Smart Off-Road Machinery Demand by Equipment Type, 2018 - 2023 (million dollars)

Table 3-2 | Key Advantages of Autonomous Off-Road Equipment

Table 3-3 | Global Agricultural, Construction, & Mining Drone Demand, 2019 & 2023 (million dollars)

CONSTRUCTION MACHINERY

Table 4-1 | Global Construction Machinery Demand by Region, 2018 - 2023 (million dollars)

Table 4-2 | Electric Construction Machinery: Selected Products Available or In Development

Table 4-3 | Autonomous & Semi-Autonomous Construction Machinery: Selected Products Available or In Development

Table 4-4 | Construction Equipment with Improved Handling & Ergonomics: Selected Products

AGRICULTURAL EQUIPMENT

Table 5-1 | Global Agricultural Equipment Demand by Region, 2018 - 2023 (million dollars)

Table 5-2 | Autonomous Agricultural Equipment: Selected Products Available or In Development

Table 5-3 | Farming Robots: Selected Products Available or In Development

Table 5-4 | Specialty Agricultural Equipment: Selected New Products

MINING EQUIPMENT

Table 6-1 | Global Mining Equipment Demand by Region, 2018 - 2023 (million dollars)

Table 6-2 | Autonomous Mining Machinery: Selected Products Available or In Development

Table 6-3 | Electric & Hybrid Mining Equipment: Selected Products Available or In Development

Table 6-4 | Digital Mine Management Technologies: Selected New Products

Table 6-5 | Mining Machinery: Selected New Products

FORESTRY EQUIPMENT

Table 7-1 | Global Forestry Equipment Demand by Region, 2018 - 2023 (million dollars)

Table 7-2 | Fuel Efficient & Low Emissions Forestry Equipment: Selected New Products

Table 7-3 | Forestry Equipment with Improved Handling or Operator Comfort: Selected Products

MANUFACTURER SPOTLIGHT

Table 8-1 | Selected Leading Global Suppliers: Industry Participation by Off-Road Equipment Type

APPENDIX

Table 9-1 | Off-Road Equipment Scope: Product Examples by Equipment Type

Table 9-2 | Relevant HS Codes

Table 9-3 | Relevant NAICS & SIC Codes

Table 9-4 | Relevant NACE Codes

Table 9-5 | Relevant SITC Codes

Table 9-6 | Abbreviations & Acronyms Used in Study

Table 9-7 | Countries in North America

Table 9-8 | Countries in Central & South America

Table 9-9 | Countries in Western Europe

Table 9-10 | Countries in Eastern Europe

Table 9-11 | Countries in the Asia/Pacific Region

Table 9-12 | Countries in the Africa/Mideast Region

Table 9-13 | Global Gross Domestic Product by Region & Country, 2008 - 2023 (billion 2017 dollars)

Table 9-14 | Global Population by Region & Country, 2008 - 2023 (million persons)

Table 9-15 | Global Construction Expenditures* by Region & Country, 2008 - 2023 (billion 2017 dollars)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | Global Off-Road Equipment Market: Technology Outlook

REGIONAL MARKET OUTLOOK

Figure 2-1 | Global Off-Road Equipment Demand Outlook by Region, 2019 - 2023 (% CAGR)

Figure 2-2 | Growth Comparison: Off-Road Equipment Demand Forecast by Country, 2019 - 2023 (% CAGR)

Figure 2-3 | Global Off-Road Equipment Demand by Equipment Type, 2003 - 2023 (billion dollars)

Figure 2-4 | China: Off-Road Equipment Market Position & Outlook

Figure 2-5 | Japan: Off-Road Equipment Market Position & Outlook

Figure 2-6 | Brazil: Off-Road Equipment Market Position & Outlook

GLOBAL TECHNOLOGY TRENDS

Figure 3-1 | Off-Road Equipment Innovation Focus by Product Type

Figure 3-2 | Smart Machinery Share of 2019 Off-Road Equipment Sales & Sales Forecast by Equipment Type, 2019 - 2023 (% CAGR)

Figure 3-3 | Autonomous Off-Road Equipment: Top Developers

Figure 3-4 | Drones: Selected Product Examples

Figure 3-5 | Electric-Powered Off-Road Equipment: Selected Product Examples

Figure 3-6 | Off-Road Equipment: Product Developments in 3D Printing

CONSTRUCTION MACHINERY

Figure 4-1 | Global Construction Machinery Demand, 2003 - 2023 (billion dollars)

Figure 4-2 | Construction Machinery: Demand Outlook by Region, 2019 - 2023 (% CAGR)

Figure 4-3 | Construction Machinery: Key Innovation Trends

Figure 4-4 | Smart Construction Machinery Demand Outlook, 2018 - 2023 (million dollars)

Figure 4-5 | Construction Drones: Selected Product Examples

AGRICULTURAL EQUIPMENT

Figure 5-1 | Global Agricultural Equipment Demand, 2003 - 2023 (billion dollars)

Figure 5-2 | Agricultural Equipment: Demand Outlook by Region, 2018 - 2023 (% CAGR)

Figure 5-3 | Agricultural Equipment: Key Innovation Trends

Figure 5-4 | Smart Agricultural Machinery Demand Outlook, 2018 - 2023 (million dollars)

Figure 5-5 | Agricultural Equipment: Autonomous Machinery in Development

Figure 5-6 | Agricultural Equipment: Selected Robots in Development

MINING EQUIPMENT

Figure 6-1 | Global Mining Equipment Demand, 2003 - 2023 (billion dollars)

Figure 6-2 | Mining Equipment: Demand Outlook by Region, 2019 - 2023 (% CAGR)

Figure 6-3 | Mining Machinery: Key Innovation Trends

Figure 6-4 | Smart Mining Equipment Demand Outlook, 2018 - 2023 (million dollars)

FORESTRY EQUIPMENT

Figure 7-1 | Global Forestry Equipment Demand, 2003 - 2023 (billion dollars)

Figure 7-2 | Forestry Equipment: Demand Outlook by Region, 2019 - 2023 (% CAGR)

Figure 7-3 | Forestry Equipment: Key Innovation Trends

Figure 7-4 | Smart Forestry Equipment Demand Outlook, 2018 - 2023 (million dollars)

Figure 7-5 | Advanced Software for Forestry Equipment: Selected Product Examples

Figure 7-6 | Winch-Assist Systems for Forestry Equipment: Selected Product Examples

MANUFACTURER SPOTLIGHT

Figure 8-1 | Caterpillar: R&D Overview & Key Focus Areas

Figure 8-2 | CNH Industrial: R&D Overview & Key Focus Areas

Figure 8-3 | Deere: R&D Overview & Key Focus Areas

Figure 8-4 | Hitachi: R&D Overview & Key Focus Areas

Figure 8-5 | Komatsu: R&D Overview & Key Focus Areas

Figure 8-6 | Kubota: R&D Overview & Key Focus Areas

Figure 8-7 | Liebherr-International: R&D Overview & Key Focus Areas

Figure 8-8 | Sandvik: R&D Overview & Key Focus Areas


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