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Asia/Pacific Market Trends to Boost Global Off-Road Equipment in 2021

Datum:

CLEVELAND, 11 mei 2021 /PRNewswire/ — A new Freedonia Group analysis projects a strong post-pandemic rebound for the global market for off-road equipment (i.e., construction, agricultural, mining, and forestry machinery) in 2021, with demand expected to rise 5.4% to $ 439 miljard:

  • In 2020, the COVID-19 pandemic precipitated a sharp sales decline as demand for off-road equipment plummeted in key end-use industries – particularly construction and mining.
  • As the pandemic recedes and revenues strengthen in these industries, however, all major off-road equipment markets are poised to rebound in 2021.

Healthy Growth Expected in All Regions Post Pandemic

In 2021 en daarna is de Aziatisch-Pacifisch region will continue to drive global sales growth, supported by rebounding construction and rising investment as the pandemic recedes:

  • China, Australië, Zuid-Korea, and several other countries saw lesser disruption or earlier recoveries than other parts of the world, which will boost advances in 2021.
  • Centraal en Zuid-Amerika will register the fastest advances post pandemic, albeit from a smaller base, spurred by rising mechanization rates as more foreign-run firms enter and invest in key local industries.

Terwijl Noord Amerika en West-Europa will contribute to global expansion through 2025, short term growth in these mature markets will continue to be constrained by weak mining output and a protracted recovery in nonresidential construction.

Innovation Key Driver of Long-Term Growth

The Freedonia Group forecasts global demand for off-road equipment to increase 3.8% annually through 2025. Long-term advances will be boosted by rising investment in state-of-the-art technologieën designed to help customers improve efficiency and productivity, particularly:

  • autonomous equipment and robotics
  • fuel efficient and low- or zero-emission equipment
  • advanced ergonomics and improved operator comfort
  • predictive maintenance, global positioning, drones, and other solutions made capable by advances in the industrial internet of things (IIoT)

Wil je meer weten?

Global Off-Road Equipment 2021 is now available from the Freedonia Group. This study analyzes global demand for off-road equipment.

Demand values are provided for 2019, 2020, 2021, and 2025 at the manufacturers’ level in current US dollars (i.e., not adjusted to account for inflation). Demand is segmented by equipment type and world region. Data include the value of replacement parts and attachments sold separately. Values do not take into account retail markups. Also excluded are the values of software and services.

Off-road equipment demand is segmented by the following machinery types:

  • bouw
  • agrarisch
  • mijnbouw
  • bosbouw

The study also provides estimates of demand for smart machinery by equipment type. Smart machinery is defined as equipment that can operate autonomously or semi-autonomously and greatly enhance the abilities of the operator by connecting, sharing, and interacting with other devices to make decisions without human intervention.

While demand for drones is presented in the study, it is not included in the equipment demand totals. Also, drones used by government agencies or environmental groups to monitor forested land are excluded from the study.

Over de Freedonia Group - De Freedonia Group, een divisie van MarketResearch.com, is het belangrijkste internationale industriële onderzoeksbedrijf dat onze klanten voorziet van productanalyses, marktvoorspellingen, trends in de branche en informatie over marktaandelen. Van eenmansadviesbureaus tot wereldwijde conglomeraten, onze analisten bieden bedrijven onbevooroordeeld, betrouwbaar marktonderzoek en -analyses in de branche om hen te helpen belangrijke zakelijke beslissingen te nemen. Met meer dan 100 jaarlijks gepubliceerde onderzoeken ondersteunen we meer dan 90% van de industriële Fortune 500-bedrijven. Vind kant-en-klare studies op https://www.freedoniagroup.com/ of neem contact met ons op voor onderzoek op maat: +1.

Contactpersoon voor de pers:
Corine Gangloff
+ 1 440.842.2400
[e-mail beveiligd]

BRON De Freedonia Group

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Source: https://www.prnewswire.com:443/news-releases/asiapacific-market-trends-to-boost-global-off-road-equipment-in-2021-301288767.html

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