Market Share of Off Highway Vehicle Engine Industry
The Off-highway Vehicle Engine Market is moderately consolidated as the majority of market shares are captured by some of the major players, like Yanmar Co. Ltd, Cummins, Deutz AG, Man Engines & Components Inc., Deere & Company, Caterpillar Inc., Volvo Penta, etc. The players operating in the market are focusing on various growth strategies to gain a competitive edge over other players. For instance,
- September 2022: Guangxi Yuchai Machinery Group Co., Ltd. showcased its products at the 19th China-ASEAN Expo. Yuchai displayed the YCK08 diesel engine, which meets China 6 emission standards, in the outdoor exhibition area for intelligent equipment (construction machinery and vehicles).
Caterpillar Inc, Komatsu, Volvo CE, Hitachi Construction, John Deere, and Others are some of the key players in the market.
Off Highway Vehicle Engine Market Leaders
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Yanmar Co. Ltd
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Cummins Inc.
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Deutz AG
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MAN
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Volvo Penta
*Disclaimer: Major Players sorted in no particular order
