Demand for earthmoving and concrete machinery increased in China, North America, and LATAM with residential, industrial, and mining activities resuming rapidly from mid-2020. Early 2021 had seen less operations, with curfews in many regions. Construction, mining, and farming activities are resuming in India, China, US, and South America, which is expected to aid the recovery of OHW by unit shipment growth 7.4% (2020 to 2021).

Growth Environment—Global Off-Highway Vehicle Industry

The Strategic Imperative

Growth Environment—2021 Global Economic Outlook 

Growth Environment and Scope—Global Off-highway Vehicle Industry

Powertrain Strategies

Connected OHW Vehicle Equipment Trends

Autonomous Equipment Trends

Rental Trends