Technology trends

Technology Trends and Market Dynamics for Construction, Mining and Agricultural Equipment

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Dublin, Sept. 05, 2022 (GLOBE NEWSWIRE) — The “Growth Opportunities in Off-Road Equipment in North America” report has been added to from offer.

This research service analyzes the growth of the North American off-road equipment industry.

Government mandates and consortia, which promote sustainable practices, will enable digital transformation and accelerated adoption of alternative powertrains.

The requirement to better monitor and optimize operations and equipment in construction, mining and agriculture has created the need for collaborations across multiple industry verticals. Synergies between original equipment manufacturers (OEMs), suppliers and service providers will lead to solutions that improve productivity and reduce costs.

Collaborations between OEMs, digital solution providers, battery manufacturers, utility companies, dealers and technology companies are creating a new wave of solutions that enhance the customer experience.

These synergies will drive innovation, creating a sustainable environment. Additionally, the paradigm shift in purchasing models and processes has paved the way for innovative digital solutions, attracting technology companies and digital solution providers.

While traditional OEMs develop in-house solutions, several start-ups in the off-road equipment industry are beginning to offer retrofit/stand-alone solutions that will improve connectivity and automation.

Search scope

  • Analyze growth trends 2021 – 2030

  • Assess technology trends and market dynamics for the construction, mining, and agricultural equipment segments

  • Examine the state of the market and understand expectations by 2030

Main issues addressed:

  • What are the main areas of demand and growth?

  • Who are the major industry participants and what are their planned development and launch activities for 2021 – 2030?

  • What are some of the notable partnerships and industry highlights?

  • What are the major factors and trends shaping the growth of the off-road industry in North America?

Main topics covered:

1. Strategic imperatives

  • Why is it increasingly difficult to grow taller?

  • The strategic imperative

  • The impact of the top 3 strategic imperatives on the off-road equipment industry

  • Growth opportunities fuel the growth pipeline engine

2. Research Summary

3. Drivers and Restraints – North America Off-Road Equipment Market

  • Growth engines

  • Growth constraints

4. Market Overview

  • Economic Environment – Gross Domestic Product (GDP) Growth

  • Economic environment – Construction expenditure

  • Economic Environment – Total Mine Production

  • Economic environment – Agricultural area

  • Introducing the Greenhouse Gas Protocol (GHGP)

  • U.S. Government Initiatives – DERA Grants Awarded

  • US Autonomous Technology Administrative Efforts

  • Government of Canada Initiatives – Clean Energy Investments

  • Canadian Automated and Connected Vehicle Safety Framework

  • Off-Road Equipment Unit Sales – Market Snapshot

  • Off-Road Equipment In Operation (OIO) – Market Overview

  • Competitive environment

  • OEM market share

  • Revenue share analysis

5. Hybridization and electrification

  • Electrification – Technology Roadmap

  • Overview of hybrid and battery-electric product launches (per year)

  • Hybrid equipment launches – 2008 to 2019

  • Hybrid Equipment Launches – 2019 to 2022

  • Hybrid equipment launches – 2023-2030

  • Battery Electric Equipment Launches – 2016-2021

  • Battery Electric Equipment Launches – 2021-2025

  • Battery Electric Equipment Launches – 2026-2030

  • Unit sales of hybrid and electric equipment and EIO

6. Connectivity and automation

  • Connected off-road ecosystem

  • Digitization in agriculture

  • Digitization in construction and mining

  • Connected Off-Road Applications – Definitions and Segmentation

  • OEM Solutions – Feature Overview

  • Third Party Solution Providers (TSPs) – Feature Overview

  • Off-road telematics in the installed base

  • United States Autonomous Off-Road Initiatives

  • Canadian Off-Road Autonomous Initiatives

  • OEM Launch Roadmap – North America

  • Autonomous equipment in operation

7. Heavy Equipment Rental – Market Overview

8. Market Forecast

  • Growth indicators

  • Off-Road Equipment Market – Sales and Unit Revenues

  • Construction Equipment Unit Sales Forecast

  • Mining Equipment Unit Sales Forecast

  • Farm Equipment Unit Sales Forecast

  • Construction equipment in the operating forecast

  • Mining Equipment in Mining Forecast

  • Forecast of agricultural equipment in operation

  • Revenue forecast

  • Forecasting methodology

  • Forecast discussion

9. Universe of growth opportunities

  • Growth Opportunity 1 – Increased adoption of connected solutions

  • Growth Opportunity 2 – Sustainability Goals Driving Electrification

  • Growth Opportunity 3 – Expansion and development of rental platforms driving demand for equipment as a service

  • Growth Opportunity 4 – Accelerated Advances in Off-Road Automation

10. Next steps

For more information on this report, visit

CONTACT: CONTACT: Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900