The global off-highway equipment market was sized at nearly 281 billion U.S. dollars in 2022, with about 164 billion U.S. dollars attributable to the construction and mining equipment segment and 116 billion U.S. dollars attributable to the agricultural segment. It is projected that the market will grow between 2022 and 2028, reaching the size of over 326 billion U.S. dollars in 2028.

The Automotive Off-Highway Engine Market is segmented by Power Output (Agricultural Machinery (up to 30 HP, 30-50 HP, 50-70 HP, and 70+ HP), Construction Machinery (up to 100 HP, 100-120 HP, 200-400 HP, 400+ HP), Fuel Type (Gasoline, Diesel, and Other Fuels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and value for the Off-highway vehicle engine market in terms of Value (USD billion) for all the above segments.

Nearly 435,000 units of off-highway equipment were sold in the United States in 2021, most of which—about 306,000 units—were agriculture equipment. It is projected that the off-highway equipment market volume will grow between 2022 and 2028, reaching a volume of more some 506,000 thousand units in 2028.

The off-highway vehicle (OHV) telematics market size is anticipated to be valued at US$ 488.3 million in 2023 and is predicted to rise to US$ 2154.3 million in 2033. The off-highway vehicle (OHV) telematics market is showing vital signs of growth with a projected CAGR of 16% from 2023 to 2033.

Attributes	Details
OHV Telematics Market Size in 2022	US$ 421 million
OHV Telematics Market Size in 2033	US$ 2154.3 million
OHV Telematics Market CAGR (2023 to 2033)	16%

Scope of Report - Automated Guided Vehicle (OHV) Telematics Market

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Valuation in 2023	US$ 488.3 million
Projected Market Value in 2033	US$ 2154.3 million
Market Analysis	US$ million for Value
Key Regions Covered	North America Latin America Europe South Asia East Asia Oceania The Middle East and Africa
Key Countries Covered	The United States, Canada, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa
Key Segments Covered	Technology Type, Application Type, Vehicle Type, End-Use, and Regions
Key Companies Profiled	Omnitracs, LLC ORBCOMM Stoneridge, Inc. Teletrac Navman TomTom International BV Trackunit A/S Wacker Neuson Zonar Systems Inc. TTCONTROL GMBH ACTIA Group
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

The Off-Highway Vehicle Lighting Market is Segmented by Application (Front Lights, Tail Lights, and Other Applications), Vehicle Type (Loaders, Excavators, Cranes, Dump Trucks, and Other Vehicle Types), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Covers the Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

The global off-highway electric vehicle market size is projected to be valued at US$ 2.24 billion in 2023. Off-highway electric vehicle sales are expected to reach US$ 8.36 billion by 2033, inflating at a CAGR of 14.1% from 2023 to 2033.

Attributes	Details
Off-highway Electric Vehicle Market Value (2023)	US$ 2.24 billion
Off-highway Electric Vehicle Market Expected Value (2033)	US$ 8.36 billion
Off-highway Electric Vehicle Market Projected CAGR (2023 to 2033)	14.1%

Light commercial vehicles (LCVs) represented the largest share of the worldwide commercial and off-highway vehicle market. In North, Central, and South America, LCVs held 69 percent of the market, compared to 62 percent in Europe, the Middle East, and Africa, and 45 percent in the Asia-Pacific region. Buses tended to be less popular, representing one percent of the annual market in the American continent.

The global off-highway equipment market was sized at nearly 281 billion U.S. dollars in 2022. It is projected that the market will grow at a compound annual growth rate (CAGR) of 2.5 percent between 2022 and 2028, reaching the size of over 326 billion U.S. dollars in 2028.

The Off-Highway Wheel Market Report is Segmented by Product Type (Alloy Wheel and Steel Wheel), Application Type (Agriculture, Construction (Earth-Moving Machinery), Material Handling (Mobile Cranes and Forklift Trucks), and Mining (Mobile Mining Equipment), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

The global off-highway EV component market size reached US$ 25.7 billion in 2022. Revenue is estimated to reach US$ 29.2 billion in 2023. Over the assessment period from 2023 to 2033, sales are projected to exhibit a 13.9% CAGR. It will likely result in a market size of US$ 106.2 billion by 2033.

Attributes	Key Insights
Off-Highway EV Component Market Size(2022A)	US$ 25.7 billion
Off-Highway EV Component Market Estimated Valuation (2023E)	US$ 29.2 billion
Off-Highway EV Component Market Projected Valuation (2033F)	US$ 106.2 billion
Value-based Off-Highway EV Component Market CAGR (2023 to 2033)	13.9%
Collective Value Share: Top 3 Countries (2023E)	46.7%

2018 to 2022 Off-Highway EV Component Market Analysis vs. 2023 to 2033 Demand Forecast

Historical Off-Highway EV Component Market (2018 to 2022)	CAGR of 11.2%
Historical Market Value (2022)	US$ 25.7 billion

Category-wise Insights

Category	Application
Sub-category	Earthmoving
Value-based CAGR (2023 to 2033)	14.8%

Category	Type
Sub-category	Electric Drive System Component
Value-based CAGR (2023 to 2033)	15.8%

Scope of Report

Attribute	Details
Estimated Off-highway EV Component Market Size (2023)	US$ 29.2 billion
Projection Off-highway EV Component Market Valuation (2033)	US$ 106.2 billion
Value-based Off-highway EV Component Market CAGR	13.9%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Industry Analysis	US$ million/billion for Value and (Units) for Volume
Key Segments Covered	Component type, Propulsion type, Application, Sales Channel and Region.
Key Companies Profiled	Caterpillar Inc. Komatsu Ltd. Volvo Construction Equipment John Deere Hitachi Construction Machinery Co., Ltd. Liebherr Group Terex Corporation Doosan Infracore Bell Equipment JCB Wacker Neuson Group Bobcat Company Manitou Group XCMG Group SANY Group Hidromek Takeuchi Manufacturing Hyundai Construction Equipment Kubota Corporation Sandvik Atlas Copco
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restrain, Opportunity, and Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	14.87(USD Billion)
MARKET SIZE 2024	15.47(USD Billion)
MARKET SIZE 2032	21.2(USD Billion)
SEGMENTS COVERED	Type, Truck Type, Application, End Market, Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Increasing demand for heavyduty trucks Growing emphasis on vehicle safety Stringent emission regulations Technological advancements Rising demand from developing countries
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	KnorrBremse, Jacobs Vehicle Systems, Dana Incorporated, Hendrickson, Wabco, Velocitek, Meritor, ZF Friedrichshafen AG, Eaton Corporation, Bosch Rexroth, Voith Group, Haldex, Young Power Equipment, Vehicle Systems International, Stemco
MARKET FORECAST PERIOD	2025 - 2032
KEY MARKET OPPORTUNITIES	Increasing demand for heavyduty trucks Growing focus on vehicle safety Technological advancements Expansion of construction and mining industries Rising awareness of fuel efficiency
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.02% (2025 - 2032)

According to Cognitive Market Research, the global Off-Highway Vehicle Telematics market size will be USD 651.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 195.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 149.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 32.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 13.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
The safety & security category is the fastest growing segment of the Off-Highway Vehicle Telematics industry

Market Dynamics of Off-Highway Vehicle Telematics Market

Key Drivers for Off-Highway Vehicle Telematics Market

Increasing Demand for Fleet Management and Operational Efficiency to Boost Market Growth

The growing need for fleet management and operational efficiency is a significant driver for the off-highway vehicle telematics market. Telematics systems allow fleet owners and operators to monitor the performance of off-highway vehicles in real-time, improving operational productivity and minimizing downtime. Through GPS tracking, engine monitoring, and diagnostics, telematics provides crucial data that helps optimize fuel consumption, reduce maintenance costs, and improve overall vehicle utilization. Additionally, telematics solutions enable predictive maintenance, helping operators avoid costly repairs and downtime by identifying potential issues before they become critical. As industries such as construction, mining, and agriculture adopt telematics for better asset management and to enhance fleet performance, the demand for telematics solutions in off-highway vehicles continues to rise, boosting market growth. The increasing emphasis on operational cost reduction, efficiency, and sustainability further propels the market. For instance, Hilti and Trackunit announced a strategic partnership to eliminate downtime effectively. Hilti and Trackunit have formed a partnership to advance digital transformation in the construction industry focused on bringing global scale to the tool and equipment connectivity domain. It will also enable Trackunit to expansion in their telematics connectivity devices

Government Regulations and Safety Standards to Drive Market Growth

Government regulations and safety standards are another key driving factor for the off-highway vehicle telematics market. Many regions have enforced stricter safety and environmental regulations that require real-time data monitoring for better compliance and enhanced safety in off-highway operations. For example, regulatory bodies in the construction and mining sectors mandate the use of telematics for fleet management to ensure safety and mitigate environmental impacts. Telematics systems provide operators with critical insights into factors such as engine health, fuel efficiency, and operator behaviour, helping them meet these regulations more effectively. Additionally, telematics can assist in compliance with emissions standards by tracking fuel consumption and reducing the environmental footprint of off-highway vehicles.

Restraint Factor for the Off-Highway Vehicle Telematics Market

High Implementation and Maintenance Costs Will Limit Market Growth

The installation of telematics systems involves not only purchasing expensive hardware but also integrating it with existing vehicle systems, which can require specialized technicians. Furthermore, telematics platforms often require cloud-based services for data storage and analysis, adding to the operational costs. Many small and medium-sized enterprises (SMEs) in the off-highway vehicle sector may find it financially challenging to justify these expenses, especially when the return on investment (ROI) from tel...

The Off-Highway Electric Vehicle Market is projected to grow at 23.3% CAGR, reaching $25.27 Billion by 2029. Where is the industry heading next? Get the sample report now!

Off-Highway Vehicle (OHV) Telematics Solutions & Market Size is segmented By End-user Industry (Construction, Agriculture, Mining, Forestry), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

In 2024, the U.S. off-highway dumper market increased by 15% to $4.5B, rising for the fourth consecutive year after two years of decline. Overall, consumption showed a buoyant increase. Off-highway dumper consumption peaked in 2024 and is expected to retain growth in years to come.

The global market for cabins for off-highway vehicles is experiencing robust growth, driven by increasing demand for enhanced operator safety and comfort across various sectors. The construction, mining, and agricultural industries are significant contributors to this growth, fueled by rising infrastructure development projects, expanding mining operations, and the need for improved efficiency in farming practices. Technological advancements in cabin design, incorporating features such as advanced climate control, noise reduction, and improved ergonomics, are further boosting market expansion. The market is segmented by application (construction, agricultural, industrial, mining, others) and type (excavators, wheel loaders, cranes, others), with excavators and wheel loaders currently dominating the types segment. While the precise market size for 2025 is unavailable, considering a global market size of approximately $5 billion in 2024 (an estimated value) and a projected CAGR (Compound Annual Growth Rate) of 5%, we can infer a 2025 market size of around $5.25 billion. This growth is expected to continue throughout the forecast period (2025-2033), although potential restraints such as fluctuating raw material prices and economic downturns could influence the overall trajectory. The Asia-Pacific region, particularly China and India, is anticipated to show significant growth due to increased industrialization and infrastructure development. Key players like Liebherr, Fortaco, and Scancab are shaping the market through innovation and strategic partnerships, driving competition and pushing the boundaries of cabin design and functionality. The competitive landscape is characterized by both established international players and regional manufacturers. Established companies benefit from extensive distribution networks and a strong brand reputation, while regional companies often offer more competitive pricing. This dynamic interplay is further influenced by factors such as government regulations concerning operator safety and environmental concerns, prompting the development of more sustainable and eco-friendly cabin designs. The market’s future will likely be defined by continuous innovation in materials science, automation, and connectivity within the cabins themselves, enhancing operator experience and operational efficiency. Further research into specific regional data and company financial reports would help refine these estimations and provide a more granular understanding of the market dynamics.

According to Future Market Insights, the global off highway tires market will be valued at US$ 9,405.4 Million in 2023 and will increase at a CAGR of 7.9% from 2023 to 2033.

Attributes	Details
Market Size 2022A	US$ 8,716.8 Million
Market Size 2023E	US$ 9,405.4 Million
Market Size 2033F	US$ 20,118.3 Million
Value CAGR (2023 to 2033)	7.9%

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 7.9% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Sales Channel End Use Region
Regions Covered	North America Latin America Eastern Europe Western Europe East Asia South Asia and Pacific Central Asia Russia & Belarus Balkan & Baltic Countries The Middle East and Africa
Key Countries Covered	USA Canada Mexico Brazil Argentina Germany The United Kingdom France BENELUX Nordics Italy Spain Poland Hungary Romania Czech Republic China Japan India ASEAN Türkiye South Africa Northern Africa KSA UAE Israel Australia & New Zealand
Key Companies Profiled	Bridgestone Michelin Goodyear Yokohama Tire China National Tire & Rubber MRF Continental AG, Belshina Cheng-Shin Rubber Eurotire
Customization & Pricing	Available upon Request

The Off-Road Vehicle Market is Segmented by Vehicle Type (All-terrain Vehicle (ATV) and Utility Task Vehicle (UTV)), Application Type (Sports, Agricultural, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for the off-road vehicle market in value (USD billion) for all the above segments.

Off-Highway Tire Market size was valued at USD 452.04 Billion in 2024 and is projected to reach USD 806.2 Billion by 2031, growing at a CAGR of 7.50% from 2024 to 2031.

Global Off-Highway Tire Market Drivers

Expanding Infrastructure Development: The need for off-highway tires for heavy construction machinery like excavators, bulldozers, graders, and loaders is driven by rising investments in infrastructure projects, such as building roads, bridges, airports, and ports.

Growth of Mining Activities: The need for off-highway tires, which are used in haul trucks, wheel loaders, and mining equipment, is fueled by the growth of mining operations, which is driven by the desire for minerals, metals, and natural resources. Market expansion is driven by an increase in mining activity, especially in emerging economies.

Mechanization in Agriculture: The demand for off-highway tires made for agricultural machinery rises with the use of mechanized farming techniques and equipment, such as tractors, combines, and harvesters. The use of farm mechanization increases crop yields, productivity, and efficiency, which increases the demand for high-performance tires.

Increasing Sales of Construction Equipment: Off-highway tire demand is increased by rising construction equipment sales, which are fueled by infrastructure investments, urbanization, and industrialization. Market expansion is fueled by the construction industry’s reliance on heavy machinery for site preparation, material handling, and earthmoving.

The market for telematic technologies in off-highway vehicle use is expected to grow to reach 2.8 billion U.S. dollars in 2029. Telematic technologies for off-highway vehicles are often used in construction and agricultural industries.