Global Off-Road Equipment Technology 2020

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This study analyzes global demand for off-road equipment. Demand values are provided for 2019, 2020, and 2024 at the manufacturers’ level in current US dollars (i.e., not adjusted to account for inflation). Demand is segmented by equipment type and world region. Data include the value of replacement parts and attachments sold separately. Values do not take into account retail markups. Also excluded are the values of software and services.

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Off Road Equipment

Off-road equipment demand is segmented by the following machinery types:

  • construction
  • agricultural
  • mining
  • forestry

The study also provides estimates of demand for smart machinery by equipment type. Smart machinery is defined as equipment that can operate autonomously or semi-autonomously and greatly enhance the abilities of the operator by connecting, sharing, and interacting with other devices to make decisions without human intervention.

While demand for drones is presented in the study, it is not included in the equipment demand totals.

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