Automotive Off-Highway Engine Industry Global Insights 2018
Posted by abhi0210 on January 14th, 2019
Market Research Future published research report on “Global Automotive Off-Highway Engine Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Automotive Off-Highway Engine Market Research Report: Information by Power Output (30-100 HP, 100-400 HP, Above 400 HP), by Engine Capacity (<5 Liter, 5.1-10 Liter, >10 Liter), by Fuel Type (Diesel, Gasoline & Others) and by Region - Forecast till 2023
Global Automotive Off-Highway Engine Market Highlights:
The automotive industry manufactures automobiles not only for transportation of passengers and goods & materials, but also to produce specialized vehicles. These specialty vehicles are manufactured according to the requirement in fields such as agriculture, construction, and oil refineries. Often, the entire automobile is custom made according to the unique need of the niche operation, for which the vehicle is to be used. The power requirement and the load requirement of the operation decide the manufacture of the off-highway engine. The off-highway engine has to adhere to the strict emission norms laid down by the government and hence its production requires special design and production layout.
There are several factors that are responsible for the growth of the global automotive off-highway engine market. Firstly, the globally increasing population leads to the need for automation and mass scale production. Secondly, greater productivity can be achieved using advanced machinery, which works on off-highway engines, thus saving time. Thirdly, labor cost can be reduced with the use of these engines leading to a decrease in the production cost in any field of operation. The global automotive off-highway engine market is expected to expand with a CAGR of approx. 9% (2017 to 2023).
For more information on this Automotive Off-Highway Engine Market – Global Market Report @ https://www.marketresearchfuture.com/reports/automotive-off-highway-engine-market-5964
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