The global Automotive Off-Highway Engine Market Revenue is predicted to grow at a 9% CAGR over the forecast period (2017-2023), reveals the new Market Research Future (MRFR) report. An off-highway engine is a machine that is designed to convert some type of energy into mechanical energy. This is mostly utilized in cars off the road. It is driven on as well off stony or tiled and pebbly surfaces and has flexible suspension and large tires.
Various factors are driving the growth of the automotive off-highway engine market. These factors, in accordance with the Market Research Future (MRFR) report, include increasing demand as well as production of off-road vehicles, demand for ATVs (all-terrain vehicles) for their suitability for various activities such as travelling and trekking in exploration areas, and increase in automation in different industries such as infrastructure, mining, construction, and agriculture. Additional factors boosting the market growth include growing urbanization and growing population.
On the contrary, high cost, as well as maintenance expenditure, are factors that may restrain the Automotive Off-Highway Engine Market Revenue growth over the forecast period.
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The Market Research Future report offers a wide segmental analysis of the Automotive Off-Highway Engine Market Revenue based on power output, engine capacities, and fuel types.
Based on power output, the Automotive Off-Highway Engine Market Revenue is segmented into above 400 HP, 100-400 HP, and 30-100 HP. Of these, the 100-400 HP segment will have the largest share in the market over the forecast period.
Based on engine capacities, the Automotive Off-Highway Engine Market Revenue is segmented into >10 litre, 5.1-10 litre, and