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Off-highway Vehicle Markets in China, India, and The Middle East

Despite the effects of a global economic slowdown, economic activities in markets such as China, India, and the Middle East (Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates) are increasingly expected to be driven by domestic demand, backed by high government infrastructure investments. The upcoming wave of urbanization in inner-China, renewed focus in road and power infrastructure development in India, and inward-looking investments by the Middle Eastern nations, to stoke economic growth in an era of volatile fuel prices, will drive off-highway vehicle demand in these regions in the next years.

In China, the off-highway vehicle market saw continuous fluctuations in its quarterly sales volume until 2012 due to changing macroeconomics and a series of new and reformed policy measures. While the growth rate of wheel loaders and forklifts was one of the highest among off-highway vehicles in the market in 2012, agricultural tractors and cranes sales remained stable. Bulldozer and road roller sale volumes experienced a decline, as highway investment slowed in China. The agricultural tractor segment holds the largest share among off-highway vehicles at 41.1% on account of strong government support and the large population in China. On the other hand, the off-highway market in India has been experiencing slow growth in 2014, after having shown steady growth from 2009 to 2013. There has been an increase in participation of international manufacturers, leading to fragmentation of the overall market. Participants have dominated niche segments and have established their leadership in each segment with focused product portfolios.

Table Of Contents

Outlook of Off-highway Vehicle Markets in China, the Middle East, and India : China to Continue Accounting for Half of the Global Off-highway Vehicle Demand Till 2020 and Beyond
Off-highway Vehicle Markets in China, India, and The Middle East 3
Legal Disclaimer 9
The Frost and Sullivan Story 10

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