The global off-highway equipment market is projected to grow nearly 6% per year between 2024 and 2029, supported by advances in farming, construction, forestry, and mining activity. For instance, surging demand for critical materials will lead to the opening of numerous new mines and the expansion of existing sites during this period, generating demand for new mining equipment. Agricultural, construction, forestry, and mining sector mechanization and foreign participation rates in industrializing nations will rise also rise significantly, while the use of advanced off-highway technologies will increase around the world. Global sales of smart machines are expected to nearly triple through 2029 as competition intensifies, workforce challenges worsen, and governments around the world adopt new regulations and promote the use of new technologies.
This Freedonia report analyzes the scope, size, and growth of the global off-highway equipment market and presents data on product segmentation. Historical data are provided for 2014, 2019, and 2024 with forecast for 2025, 2029 and 2034. Data are provided in US dollars.
Table of Contents
1. Executive Summary
2. Market Overview
Study Scope
Off-Road Equipment Market Size & Growth Factors
Short Term Off-Road Equipment Industry Trends
Long-Term Off-Road Equipment Market Outlook
3. Region & Country Sales Trends
Off-Road Equipment Market Outlook by Region
2025 Forecast
Long-Term Regional Outlook
Growth Comparison by Country
Variations in the Use of Off-Road Equipment by Country