Report cover image

Global Off-Highway Equipment Industry Outlook 2025

Publisher Frost & Sullivan
Published Sep 02, 2025
SKU # MC20371102

Description

Economic uncertainties caused by the Russo-Ukraine conflict and trade wars have significantly affected OEM operations, supplier confidence, and consumer purchase decisions in the off-highway equipment industry. While these challenges are expected to delay economic recovery, government investment programs, subsidies, and bilateral trade agreements are expected to initiate a gradual market recovery.

The global scenario is anticipated to push price-sensitive customers to resort to alternative equipment utilization, such as rentals. OEMs that announced plans to launch manufacturing plants in the United States are expanding capacities to sustain growth and trade relations. However, the positive impact on sales is projected in the medium to long term.

Bilateral trade agreements and the strengthening of trade between countries such as Brazil-Mexico, Canada-Europe, and India-Europe are likely to drive expansion and collaboration among stakeholders. Globally, low to moderate growth is expected in the off-highway equipment market as several marketplace trends push the industry in a positive direction.

The evolution of digital solutions, machine control technologies, and real-time access to key machine information across the construction value chain will improve purchasing confidence among contractors. A digitally connected marketplace in the construction and mining industries will be a key driver for construction and mining equipment sales worldwide.

The study period is 2024–2025, with 2024 as the base year and 2025 as the forecast period. The practice areas are construction, mining, and agricultural equipment. The six regions covered are the United States, Latin America, Europe, Asia (India and China), Australia, and the Rest of the World.

Table of Contents

    • The 2024 Off-Highway Equipment Industry: Forecast vs. Actual
    • Top 5 Predictions for 2025
    • Notable Acquisitions in 2024
    • Key OEM/Supplier Partnerships
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Off-Highway Equipment Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
    • Segmentation
    • Growth Environment
    • Revenue Growth by Region
    • Overview of Global Trends
    • Top 10 Growth Opportunities
    • Top 10 Trends for 2025
    • Global GDP Growth Snapshot
    • Trend 1: Global GDP Growth
    • Growth Opportunity 1: Global GDP Growth
    • Trend 2: Inflation and Interest Rates
    • Growth Opportunity 2: Inflation and Interest Rates
    • Trend 3: Oil Markets
    • Growth Opportunity 3: Oil Markets
    • Trend 4: Labor Market
    • Growth Opportunity 4: Labor Market
    • Trend 5: US Dollar and Gold
    • Growth Opportunity 5: US Dollar and Gold
    • Trend 6: North America
    • Growth Opportunity 6: North America
    • Trend 7: Latin America
    • Growth Opportunity 7: Latin America
    • Trend 8: Western Europe
    • Growth Opportunity 8: Western Europe
    • Trend 9: Middle East
    • Growth Opportunity 9: Middle East
    • Trend 10: Asia
    • Growth Opportunity 10: Asia
    • List of Countries by Region, 20251
    • Trend 1: Compact Equipment Demand
    • Trend 2: Proliferation of Connected Solutions
    • Trend 3: Rental Equipment Demand
    • Trend 4: Focus on Alternate Powertrains
    • Trend 5: Retrofitting (Autonomous and Electric)
    • Impact of Trends by Region
    • Unit Sales by Region
    • Revenue Forecast by Segment
    • Equipment in Operation by Region
    • The United States
    • Vendor Analysis
    • Latin America
    • Vendor Analysis
    • Europe
    • Vendor Analysis
    • China
    • India
    • Agricultural Tractor Vendor Analysis: India
    • Australia
    • Vendor Analysis: Asia-Pacific and the Rest of the World
    • Conclusions and Future Outlook
    • Growth Opportunity 1: Pursue Business Expansion Through Rental Channels
    • Growth Opportunity 2: Explore Compact Equipment Demand
    • Growth Opportunity 3: Implement Decarbonization Initiatives in Mining
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us