Global Off-Road Equipment Technology 2022

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Off-Road Equipment

Global demand for off-road equipment is forecast to rise 5.5% between 2021 and 2022 to $481 billion, slightly above 2019 levels. Overall growth will be bolstered by investment in new and replacement machinery featuring state-of-the-art technologies, many of which are designed to improve efficiency and productivity. These include:

  • autonomous and semi-autonomous equipment, such as robots
  • fuel efficient and low- or zero-emission equipment
  • units with advanced ergonomics that provide improved operator comfort and safety
  • drones, global positioning, predictive maintenance, and other solutions made possible by developments in the Industrial Internet of Things (IIoT)

Demand for Smart Off-Road Technology to Climb Six Times Faster than Total Equipment Sales

Smart off-road equipment sales are projected to grow 35% in 2022 and then more than double by 2026, when they will account for nearly 5% of all off-road equipment demand. Construction is currently the largest market for smart equipment, although demand will expand most quickly in the mining sector (which is expected to become the leading market for smart off-road equipment technology by 2026) as operators increasingly use advanced technologies – such as autonomous equipment and digital mine management solutions – to lower costs and boost output.

Rising Labor Costs & Tightening Emissions Standards Drive Purchase of Advanced Equipment

High production costs and labor shortages mean that advanced off-road equipment is typically most cost effective in high-income countries such as Australia, Canada, Germany, and the US. Use of state-of-the-art technology will remain limited in lower- and mid-income nations, where profits are less influenced by labor costs and emissions standards are generally less stringent. The mining industry is a notable exception, since many of the world’s largest mines – which are operated by multinational companies that can afford advanced, high-end machinery – are located in lower-income countries.

China Has an Outsized Impact on Global Demand for Off-Road Equipment

China is by far the largest consumer of off-road equipment, accounting for 31% of demand in 2021. The country is forecast to represent 26% of global absolute gains in 2022. However, opportunities will differ between the major markets:

  • Mining and agriculture will see solid growth as these markets continue to recover from the pandemic-related declines in 2020.
  • Construction will advance more slowly from a high base, as the market for this equipment posted significant gains in 2020, when a combination of strong government spending and China’s ability to mitigate negative economic effects from the pandemic’s initial phase spurred investment in new and replacement construction equipment.

As a result of these trends, the global construction machinery market is expected to decelerate in 2022, while the mining machinery and agricultural equipment markets will continue to grow at a rate similar to 2021.

Global Off-Road Equipment Technology by Region

Off Road Equipment Market Size & Outlook by Region

Global demand for off-road equipment is forecast to rise 5.5% between 2021 and 2022, when product sales will total $480.6 billion. As the world economy continues to recover from losses incurred during the COVID-19 pandemic, equipment sales advances will be fueled by:

  • increases in construction, farming, manufacturing, and mining activity
  • rising mechanization rates in numerous developing countries
  • the introduction of more technologically advanced machinery, which will spur sales in mature markets
  • worker safety regulations that encourage more intensive use of better engineered off-road equipment
  • more stringent emissions regulations – such as the US Environmental Protection Agency’s (EPA) Tier 4 Final standards and the European Union’s Stage V requirements – that require the use of more expensive machinery to meet these standards

The Asia/Pacific region will account for 46% of world sales growth in 2022, supported by continued capital investment in the massive Chinese market, which accounts for anywhere between 40% and 75% of regional demand in each of the major equipment markets.  

The Africa/Mideast region and Central and South America will record above average market gains, driven by increases in construction activity and rising investment in their agricultural, forestry, and mining sectors. Advances will be healthy in the mature North America and Western Europe markets. Off-road equipment sales conditions in 2022 will be comparatively weak in Eastern Europe, negatively impacted by fallout from the Russian invasion of Ukraine. AGCO, Caterpillar, CNH Industrial, Deere, Hitachi, Komatsu, Sandvik, and Tigercat were among the machinery suppliers that announced suspension of their Russian business operations in March 2022.

Growth Comparison by Country

As the pandemic continues to recede in 2022, off-road equipment sales are expected to climb in every major national market as business activities renormalize and pent-up demand is released. Brazil and India will grow at above average rates, bolstered by:

  • urban populations that are expanding at a healthy rate, supporting increased spending on building construction
  • large amounts of arable land and significant natural resources (such as metals, minerals, natural gas, and petroleum) that attract foreign investment
  • substantial use of manual labor instead of mechanized work techniques, providing ample opportunities for growth in off-road machinery use

Market gains in many Africa/Mideast countries and other parts of Central and South America will also be healthy.

Although Russia is expected to grow at the second fastest rate of any major market through 2026, this will primarily be due to its low 2022 base, as demand is expected to decline in that year due to Russia’s invasion of Ukraine. This rebound could be jeopardized by the length of sanctions and increased or prolonged scale of the conflict, which would continue to depress the country’s economy and foreign investment.

Outside of these areas, growth will generally be much slower due to:

  • China’s huge existing investments in local agricultural, construction, and mining markets
  • the well-established, industrialized markets such as Australia, Canada, France, and Germany

However, overall equipment demand in these areas will be supported by the adoption of new technologies and the ongoing need for end-users to maintain their fleets.

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Purchase Global Off-Road Equipment Technology 2022 by the Section

  1. Global Off-Road Equipment Technology 2022

    $3,900.00

    1. 1 Executive Summary

      $323.00

      1. Figure 1-1 | Global Off-Road Equipment Market

    2. 2 Impact of COVID-19 Pandemic

      $629.00

      1. 2.1 COVID-19 General Trends

        $323.00

      2. 2.2 Impact on the Economy

        $323.00

        1. Table | Global Gross Domestic Product, 2019 - 2023

        2. Figure 2-1 | Real GDP by Region, 2019 - 2022

      3. 2.3 Impact on the Construction Industry

        $323.00

        1. Table | Global Construction Expenditures, 2019 - 2023

      4. 2.4 Impact on the Off-Road Equipment Industry

        $323.00

        1. Table | Annual Global Off-Road Equipment Demand by Type, 2019 - 2022

        2. Figure 2-2 | Annual Global Off-Road Equipment Demand, 2018 - 2024

    3. 3 Regional Outlook

      $662.00

      1. 3.1 Off Road Equipment Market Size & Outlook by Region

        $323.00

        1. Table | Global Off-Road Equipment Demand by Region, 2020 - 2026

        2. Figure 3-1 | Global Off-Road Equipment Demand by Region, 2022 - 2026

      2. 3.2 Growth Comparison by Country

        $323.00

        1. Table | Off-Road Equipment Demand Growth for Selected Countries, 2022 - 2026

        2. Figure 3-2 | Off-Road Equipment Demand Growth by Country, 2022 - 2026

      3. 3.3 Demand by Equipment Type

        $323.00

        1. Table | Global Off-Road Equipment Demand by Type, 2020 - 2026

        2. Figure 3-3 | Global Off-Road Equipment Demand by Type, 2004 - 2026

      4. 3.4 Country Spotlight: United States

        $323.00

        1. Figure 3-4 | US: Off-Road Equipment Market Position & Outlook

      5. 3.5 Country Spotlight: Australia

        $323.00

        1. Figure 3-5 | Australia: Off-Road Equipment Market Position & Outlook

      6. 3.6 Country Spotlight: India

        $323.00

        1. Figure 3-6 | India: Off-Road Equipment Market Position & Outlook

    4. 4 Global Technology Trends

      $1,130.00

      1. 4.1 Product Development & Technology Focus

        $323.00

        1. Figure 4-1 | Off-Road Equipment Innovation Focus by Product Type

      2. 4.2 Industrial Internet of Things (IIoT)

        $323.00

      3. 4.3 Smart Technology Trends

        $760.00

        1. 4.3.1 Smart Technology Definition & Scope

          $323.00

        2. 4.3.2 Global Smart Equipment Outlook

          $323.00

          1. Table | Smart Off-Road Machinery Demand by Type, 2020 - 2026

          2. Figure 4-2 | Smart Machinery Share of 2022 Off-Road Equipment Sales & Sales Forecast by Equipment Type, 2022 – 2026

        3. 4.3.3 Autonomous Equipment

          $323.00

          1. Table | Key Advantages of Autonomous Off-Road Equipment

          2. Figure 4-3 | Autonomous Off-Road Equipment: Top Developers

        4. 4.3.4 Predictive Maintenance

          $323.00

        5. 4.3.5 Global Positioning

          $323.00

        6. 4.3.6 Drones

          $323.00

          1. Table | Global Off-Road Equipment Drone Demand by Type, 2020 - 2026

          2. Figure 4-4 | Drones: Product Examples

        7. 4.3.7 Advanced Software & Data Collection Technologies

          $323.00

      4. 4.4 Engine Technologies

        $323.00

        1. 4.4.1 Hybrid Engines

          $323.00

        2. 4.4.2 All-Electric Engines

          $323.00

          1. Figure 4-5 | Electric Powered Off-Road Equipment: Product Examples

      5. 4.5 Advanced Ergonomics, User Friendliness & Operability

        $323.00

    5. 5 Construction Machinery

      $1,634.00

      1. 5.1 Scope & Product Description

        $323.00

        1. Figure 5-1 | Construction Machinery: Product Examples

      2. 5.2 Demand by Region

        $323.00

        1. Table | Global Construction Machinery Demand by Region, 2020 - 2026

        2. Figure 5-2 | Global Construction Machinery Demand, 2004 - 2026

        3. Figure 5-3 | Construction Machinery: Demand Growth by Region, 2022 - 2026

      3. 5.3 Technology Focus 2022

        $1,347.00

        1. 5.3.1 Key Innovation Trends

          $323.00

          1. Figure 5-4 | Construction Machinery: Key Innovation Trends

        2. 5.3.2 Smart Technology Outlook

          $323.00

          1. Figure 5-5 | Smart Construction Machinery Demand, 2021 - 2026

        3. 5.3.3 Electric & Hybrid Engines

          $398.00

          1. Table | Electric Construction Machinery: Selected Products Available or in Development

        4. 5.3.4 Autonomous & Semi-Autonomous Machines

          $338.00

          1. Table | Autonomous & Semi-Autonomous Construction Machinery: Selected Products Available or in

        5. 5.3.5 Construction Drones

          $323.00

          1. Figure 5-6 | Construction Drones: Product Examples

        6. 5.3.6 Improved Handling & Ergonomics

          $323.00

          1. Table | Construction Machinery with Improved Handling & Ergonomics: Selected Products

    6. 6 Agricultural Equipment

      $1,609.00

      1. 6.1 Scope & Product Description

        $323.00

        1. Figure 6-1 | Agricultural Equipment: Product Examples

      2. 6.2 Demand by Region

        $323.00

        1. Table | Global Agricultural Equipment Demand by Region, 2020 - 2026

        2. Figure 6-2 | | Global Agricultural Equipment Demand, 2004 - 2026

        3. Figure 6-3 | Agricultural Equipment: Demand Growth by Region, 2022 - 2026

      3. 6.3 Technology Focus 2022

        $1,325.00

        1. 6.3.1 Key Innovation Trends

          $323.00

          1. Figure 6-4 | Agricultural Equipment: Key Innovation Trends

        2. 6.3.2 Smart Technology Outlook

          $323.00

          1. Figure 6-5 | Smart Agricultural Equipment Demand, 2021 - 2026

        3. 6.3.3 Autonomous Tractors & Other Machinery

          $347.00

          1. Table | Autonomous Agricultural Equipment: Selected Products Available or in Development

          2. Figure 6-6 | Agricultural Equipment: Autonomous Machinery in Development

        4. 6.3.4 Farming Robots

          $357.00

          1. Table | Farming Robots: Selected Products Available or in Development

          2. Figure 6-7 | Agricultural Equipment: Selected Robots in Development

        5. 6.3.5 Agricultural Drones

          $323.00

        6. 6.3.6 Precision Agriculture

          $323.00

        7. 6.3.7 Specialty Machines

          $332.00

          1. Table | Specialty Agricultural Equipment: Selected New Products

        8. 6.3.8 Data Systems

          $323.00

    7. 7 Mining Equipment

      $1,664.00

      1. 7.1 Scope & Product Description

        $323.00

        1. Figure 7-1 | Mining Equipment: Product Examples

      2. 7.2 Demand by Region

        $323.00

        1. Table | Global Mining Equipment Demand by Region, 2020 - 2026

        2. Figure 7-2 | Global Mining Equipment Demand, 2004 - 2026

        3. Figure 7-3 | Mining Equipment: Demand Growth by Region, 2022 - 2026

      3. 7.3 Technology Focus 2022

        $1,372.00

        1. 7.3.1 Key Innovation Trends

          $323.00

          1. Figure 7-4 | Mining Equipment: Key Innovation Trends

        2. 7.3.2 Smart Technology Outlook

          $323.00

          1. Figure 7-5 | Smart Mining Equipment Demand, 2021 - 2026

        3. 7.3.3 Autonomous & Semi-Autonomous Mining Machinery

          $323.00

          1. Table | Autonomous Mining Equipment: Selected Products Available or in Development

        4. 7.3.4 Electric & Hybrid Mining Machinery

          $328.00

          1. Table | Electric & Hybrid Mining Equipment: Selected Products Available or in Development

        5. 7.3.5 Digital Mine Management

          $323.00

          1. Table | Digital Mine Management Technologies: Selected New Products

        6. 7.3.6 High Performance Equipment

          $323.00

          1. Table | Mining Equipment: Selected New Products

        7. 7.3.7 Mining Drones

          $323.00

    8. 8 Forestry Equipment

      $995.00

      1. 8.1 Scope & Product Description

        $323.00

        1. Figure 8-1 | Forestry Equipment: Product Examples

      2. 8.2 Demand by Region

        $323.00

        1. Table | Global Forestry Equipment Demand by Region, 2020 - 2026

        2. Figure 8-2 | Global Forestry Equipment Demand, 2004 - 2026

        3. Figure 8-3 | Forestry Equipment: Demand Growth by Region, 2022 - 2026

      3. 8.3 Technology Focus 2022

        $722.00

        1. 8.3.1 Key Innovation Trends

          $323.00

          1. Figure 8-4 | Forestry Equipment: Key Innovation Trends

        2. 8.3.2 Smart Technology Outlook

          $323.00

          1. Figure 8-5 | Smart Forestry Equipment Demand, 2021 - 2026

        3. 8.3.3 Fuel Efficiency & Lower Emissions

          $323.00

          1. Table | Fuel Efficient & Low Emissions Forestry Equipment: Selected New Products

        4. 8.3.4 Improved Handling & Operator Comfort

          $323.00

          1. Table | Forestry Equipment with Improved Handling or Operator Comfort: Selected Products

        5. 8.3.5 Advanced Software & Remote Monitoring

          $323.00

          1. Figure 8-6 | Advanced Software for Forestry Equipment: Product Examples

        6. 8.3.6 Winch-Assist Technologies

          $323.00

          1. Figure 8-7 | Winch-Assist Systems for Forestry Equipment: Product Examples

        7. 8.3.7 Forestry Drones

          $323.00

    9. 9 Manufacturer Spotlight

      $583.00

      1. 9.1 Leading Global Suppliers

        $323.00

      2. 9.2 AGCO

        $323.00

        1. Figure 9-1 | AGCO: R&D Overview & Key Focus Areas

      3. 9.3 Caterpillar

        $323.00

        1. Figure 9-2 | Caterpillar: R&D Overview & Key Focus Areas

      4. 9.4 CNH Industrial

        $323.00

        1. Figure 9-3 | CNH Industrial: R&D Overview & Key Focus Areas

      5. 9.5 Deere

        $323.00

        1. Figure 9-4 | Deere: R&D Overview & Key Focus Areas

      6. 9.6 Hitachi

        $323.00

        1. Figure 9-5 | Hitachi: R&D Overview & Key Focus Areas

      7. 9.7 Komatsu

        $323.00

        1. Figure 9-6 | Komatsu: R&D Overview & Key Focus Areas

      8. 9.8 Liebherr-International

        $323.00

        1. Figure 9-7 | Liebherr-International: R&D Overview & Key Focus Areas

      9. 9.9 Sandvik

        $323.00

        1. Figure 9-8 | Sandvik: R&D Overview & Key Focus Areas

      10. 9.10 Tigercat

        $323.00

        1. Figure 9-9 | Tigercat: R&D Overview & Key Focus Areas

    10. 10 Appendix

      $3,924.00

      1. 10.1 Report Details

        $865.00

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

        2. Table | Relevant NAICS & SIC Codes

        3. Table | Relevant HS Codes

        4. Table | Relevant NACE Codes

      2. 10.2 Definitions

        $323.00

      3. 10.3 Abbreviations

        $323.00

        1. Table | Abbreviations & Acronyms Used in Study

      4. 10.4 Freedonia Methodology

        $394.00

      5. 10.5 Study-Specific Methodology

        $323.00

      6. 10.6 Sources

        $323.00

      7. 10.7 Associations & Agencies

        $323.00

      8. 10.8 Related Studies & Reports

        $323.00

        1. 10.8.1 Freedonia Group US Studies

          $323.00

        2. 10.8.2 Freedonia Group Global Studies

          $323.00

        3. 10.8.3 Freedonia Focus Reports

          $323.00

      9. 10.9 Country Lists by Region

        $458.00

        1. Table | Countries in North America

        2. Table | Countries in Central & South America

        3. Table | Countries in Western Europe

        4. Table | Countries in Eastern Europe

        5. Table | Countries in the Asia/Pacific Region

        6. Table | Countries in the Africa/Mideast Region

      10. 10.10 Macroeconomic Assumptions

        $2,638.00

        1. 10.10.1 Global Economic Outlook

          $512.00

          1. Table | Global Gross Domestic Product by Region & Country, 2011 - 2026

        2. 10.10.2 Global Population

          $548.00

          1. Table | Global Population by Region & Country, 2011 - 2026

        3. 10.10.3 Global Construction Outlook

          $546.00

          1. Table | Global Construction Expenditures by Region & Country, 2011 - 2026

        4. 10.10.4 Global Manufacturing Outlook

          $1,028.00

          1. Table | Global Manufacturing Value Added by Region & Country, 2011 - 2026

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