Technological trends and market dynamics for construction, mining and agricultural equipment

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Dublin, Sept. 5, 2022 (GLOBE NEWSWIRE) — “North America Off-Highway Equipment Growth Opportunities” report added to ResearchAndMarkets.com offering.

This research service looks at the growth of the North American off-highway equipment industry.

Government mandates and consortia, driving sustainable practices, will enable digital transformation and accelerated adoption of alternative powertrains.

The requirement to better monitor and optimize operations and equipment in construction, mining, and agriculture has created a need for collaborations across multiple industry verticals. Synergies between original equipment manufacturers (OEMs), vendors, and service providers will lead to solutions that improve productivity and reduce costs.

Collaborations between OEMs, digital solution providers, battery manufacturers, utilities, dealers, and technology companies are creating a new wave of solutions that enhance the customer experience.

These synergies will drive innovation, creating a sustainable environment. Additionally, the paradigm shift in purchasing patterns and processes has paved the way for innovative digital solutions, attracting technology companies and digital solution providers.

While traditional OEMs develop in-house solutions, several startups in the off-road equipment industry are beginning to offer standalone or retrofit solutions that will improve connectivity and automation.

Scope of the investigation

  • Analyze growth trends 2021 – 2030

  • Evaluate technology trends and market dynamics for the construction, mining, and agricultural equipment segments

  • Examine the state of the market and understand the expectations for 2030

Key issues addressed:

  • What are the main areas of demand and growth?

  • Who are the main players in the industry and what are their anticipated development and launch activities for 2021 – 2030?

  • What are some of the notable partnerships and industry highlights?

  • What are the major factors and trends shaping the growth of the North American ATV industry?

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Key Topics Covered:

1. Strategic imperatives

  • Why is it getting harder and harder to grow?

  • The strategic imperative

  • The Impact of the Top 3 Strategic Imperatives on the Off-Highway Equipment Industry

  • Growth Opportunities Fuel the Growth Channel Engine

2. Research Summary

3. Drivers and Restraint Systems – North America Off-Highway Equipment Market

  • growth controllers

  • growth restrictions

4. Market Overview

  • Economic Environment – Growth of the Gross Domestic Product (GDP)

  • Economic Environment – Construction Expenditure

  • Economic Environment – Total Mining Production

  • Economic environment: agricultural area

  • Summary of the Greenhouse Gas Protocol (GHGP)

  • US Government Initiatives – DERA Grants Awarded

  • US Autonomous Technology Management Efforts

  • Government of Canada Initiatives – Clean Energy Investments

  • Canadian Automated and Connected Vehicle Safety Framework

  • Off-Highway Equipment Unit Sales – Market Overview

  • Off-Highway Equipment In Operation (EIO) – Market Overview

  • competitive environment

  • OEM market share

  • Revenue Share Analysis

5. Hybridization and Electrification

  • Electrification: technology roadmap

  • Hybrid and battery electric product launches (by year)

  • Hybrid Equipment Launches – 2008 to 2019

  • Hybrid equipment launches – 2019 to 2022

  • Hybrid equipment launches – 2023-2030

  • Battery Powered Equipment Launches – 2016-2021

  • Battery Powered Equipment Launches – 2021-2025

  • Battery Powered Equipment Launches – 2026-2030

  • Unit Sales of Hybrid and Electric Equipment and EIO

6. Connectivity and Automation

  • Connected off-road ecosystem

  • Digitization in Agriculture

  • Digitization in Construction and Mining

  • Connected off-road applications: definitions and segmentation

  • OEM Solutions – Features Overview

  • Third Party Solution Providers (TSPs) – Feature Overview

  • Off-road telematics in installed base

  • US Autonomous Off-Road Initiatives

  • Canadian Autonomous Off-Road Initiatives

  • OEM Launch Roadmap – North America

  • Autonomous Equipment in Operation

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7. Heavy Equipment Rental – Market Overview

8. Market Forecast

  • growth metrics

  • Off-Road Equipment Market – Unit Sales and Revenue

  • Construction Equipment Unit Sales Forecast

  • Mining Equipment Unit Sales Forecast

  • Agricultural Equipment Unit Sales Forecast

  • Forecast of Construction Equipment in Operation

  • Mining Equipment in Operation Forecast

  • Forecast of Agricultural Equipment in Operation

  • Revenue Forecast

  • Forecast methodology

  • Prognosis discussion

9. Universe of growth opportunities

  • Growth Opportunity 1: Increased adoption of connected solutions

  • Growth Opportunity 2: Sustainability Goals Driving Electrification

  • Growth Opportunity 3: Expansion and development of rental platforms driving demand for Equipment as a Service

  • Growth Opportunity 4: Accelerating progress in off-road automation

10. Next steps

For more information on this report, please visit https://www.researchandmarkets.com/r/bx3rq

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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