Global Off-Road Equipment Technology 2022
Global demand for off-road equipment is forecast to rise 5.5% between 2021 and 2022 to $481 billion, slightly above 2019 levels. Overall growth will be bolstered by investment in new and replacement machinery featuring state-of-the-art technologies, many of which are designed to improve efficiency and productivity. These include; autonomous and semi-autonomous equipment, such as robots; fuel efficient and low- or zero-emission equipment; units with advanced ergonomics that provide improved operator comfort and safety; and drones, global positioning, predictive maintenance, and other solutions made possible by developments in the Industrial Internet of Things (IIoT).
The report covers the global market for off-road equipment technology by type (construction, agricultural, mining, forestry) and global region in US dollars. Growth for smart off-road equipment technology and drones are also provided. Additionally, key technology trends and leading country markets are analyzed.
Scope of the Report
This report covers the scope, size, and growth of the global market for off-road equipment technology, including key trends in products, technology, and regions. Historical data are provided for 2020 and 2021 with forecasts for 2022 and 2026 in current US dollars.
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