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Profiles of the Top 5 Global Off-Highway Equipment OEMs and Growth Opportunities

Publisher Frost & Sullivan
Published Jan 12, 2024
SKU # MC18437818

Description

Profiles of the Top 5 Global Off-Highway Equipment OEMs and Growth Opportunities



Off-highway equipment is used in mining, construction, forestry, agriculture, and energy and transportation applications. Many manufacturers compete for market share, but John Deere, AGCO Corporation, CNH Industrial, Caterpillar, and Komatsu are the dominant players. These companies have a strong presence in many markets and offer a range of products including tractors, combines, large excavators, dump trucks, and forestry equipment. An industry trend is the development of more sustainable and efficient machines, with an increasing focus on reducing emissions and improving fuel efficiency. This trend is driving innovation, with manufacturers developing new technologies such as electric and autonomous machines.

Frost & Sullivan expects major innovations in the off-highway equipment industry to happen in the fields of precision agriculture, electrification, automation/robotics, new business model transformation, and autonomous solutions. OEMs and technology providers have developed connectivity devices, artificial intelligence, and other solutions for off-site tracking, monitoring, and control to prepare for more connected and sustainable operations.

Table of Contents

Strategic Imperatives
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™
Growth Environment
The Top 5 OEMs in the Off-Highway Equipment Industry
Market Overview
Key Findings
Alternative Powertrain and Autonomous Milestones
Alternative Powertrain and Autonomous Milestones
Scope of Analysis
Segmentation
OEM Strength Analysis
Top 5 OEMs’ R&D Spending Analysis
Top 5 OEMs’ Products and Capabilities
John Deere—Agriculture and Construction
John Deere
John Deere Group of Companies
John Deere Group Facts
Global Footprint
Strategy and Vision
Total Revenue, R&D Spending Share, and Farm Unit Sales
CNH Industrial—Agriculture, Construction, and Mining
CNH Industrial
CNH Industrial Group of Companies
CNH Industrial
Global Footprint
Strategy and Vision
Revenue and R&D Spending Share
Caterpillar—Construction and Mining
Caterpillar
Caterpillar Group of Companies
Caterpillar Facts
Global Footprint
Strategy and Vision
Revenue and R&D Spending Share
Komatsu—Construction and Mining
Komatsu
Komatsu Group of Companies
Komatsu Facts
Global Footprint
Strategy and Vision
Revenue and R&D Spending Share
AGCO—Agriculture
AGCO
AGCO Group of Companies
AGCO Facts
Global Footprint
Strategy and Vision
Revenue and R&D Spending Share
Growth Opportunity Universe
Growth Opportunity 1—Maximizing Autonomous Solutions in the Portfolio
Growth Opportunity 1—Maximizing Autonomous Solutions in the Portfolio
Growth Opportunity 2—Electrification and Emission Reduction Solutions
Growth Opportunity 2—Electrification and Emission Reduction Solutions
Growth Opportunity 3—New Business Model Revolution
Growth Opportunity 3—New Business Model Revolution
Next Steps
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer

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