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HITACHI CONSTRUCTION MACHINERY CO., LTD.

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Off-Highway Vehicle Market Surpass Value US$ 21.3 Bn by 2031 | Hitachi Construction Machinery, Epiroc AB, Doosan Corporation

10/01/2021 | 04:06am EST

According to a new Off-Highway Vehicle market report published by insightSLICE, the rise in investments by the manufacturers to introduce innovative products in the market is likely to boost the growth.

Global Off-Highway Vehicle Market Size 2021 | Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2031 is latest study published by insightSLICE. The Off-Highway Vehicle market is expected to grow at a CAGR of 4.1% during 2021 and 2031 and reach US$ 21.3 billion by 2031. The Off-Highway Vehicle market has been witnessing steady growth since the past decade. Contribution of market players in terms of innovation, revenue and geographic penetration has been noteworthy.

Access Qualitative Data@ https://www.insightslice.com/request-sample/842

Addition to application portfolio is another reason for the growth of Off-Highway Vehicle market. Supportive regulations by the regulatory authorities add to the market growth. Demand across application sectors has been dynamic since the beginning. This is owing to the broad spectrum of options offered by the market players.

Qualitative Analysis

The research report includes a separate chapter for qualitative analysis. We have followed a descriptive approach while compiling the chapter. The macro and micro economic factors define the share and growth of market. These factors have been carefully understood through secondary and primary sources. All such factors have been explained under headings namely growth driving factors, growth restraining factors, market and technology trends and so on. Depending on the contribution and the growth potential, five countries were chosen for PESTEL analysis and the same has been described in the report.

Competitive Intelligence

Off-Highway Vehicle market is highly competitive with a blend of global and regional players. Leading players strive to maintain their share whereas, regional players make an effort to cater the domestic demand. Export import trading is actively performed by the global players with the support of middlemen. The report explains composition of Off-Highway Vehicle market. Market share held by leading global players is estimated and presented in this report. A dedicated section includes profiles of prominent global market players. Profiles are inclusive of information related to the geographical reach, offerings, financial performance, strategic moves and so on.

Major players active in the global Off-Highway Vehicle market include CNH Industrial N.V, Volvo Construction Equipment AB, Caterpillar, Komatsu Ltd., Deere & Company, Hitachi Construction Machinery Co., Ltd., Sandvik AB, Epiroc AB, Doosan Corporation, J C Bamford Excavators Ltd., CNH Industrial N.V, and others.

Market Segmentation as below:

Based on electric vehicle*Battery Electric Vehicle (BEV) *Hybrid Electric Vehicle (HEV) *Other

Based on application*Construction *Agriculture *Mining *Other

(Regional Output, Demand & Forecast by Countries)

Performance of Off-Highway Vehicle market across five broad global geographies, North America, Europe, Asia Pacific, Middle East & Africa and South America has been assessed independently. There are specific chapters for every region and they are inclusive of cross sectional analysis. Trends prevalent across prominent countries under every region have been carefully identified and explained. The root level developments that were captured by the author of this report have led to insightful data.

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*Note: Flat 20% Off for New Customers*

Market Sizing and Forecast

Based on substantial primary and desk research along with analysts' understanding, the Off-Highway Vehicle market revenue was estimated. Balanced approach inclusive of bottom-up and top down research leads to high accuracy. Desk research sources include company annual reports, white papers, organization statistics, paid databases and so on. Whereas primary sources are first hand and include inputs from ecosystem participants namely manufacturers, middlemen, integrators, consultants, buyers and end users. Validation of data is assured since there is an understanding of supply side and demand side. Growth of Off-Highway Vehicle market is influenced by factors such as demand across applications, regulatory framework, geographical penetration and so on.

COVID-19 Consequences

The unforeseen global crisis: COVID-19, has made it tough for almost every sector and Off-Highway Vehicle market is not an exception. In order to get the real time developments of Off-Highway Vehicle market, our analysts were in touch with the active industry participants. Consequences of pandemic and temporary arrangements made by the ecosystem participants to deal with the situation have been quoted in this report. Guestimates of the industry players and our analysts related to recovery path have been highlighted.

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About Us:

insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions. The inception of insightSLICE was done to support established companies, start-ups as well as non-profit organizations across various industries including Packaging, Automotive, Healthcare, Chemicals & Materials, Industrial Automation, Consumer Goods, Electronics & Semiconductor, IT & Telecom and Energy among others.

Media Contact

Company Name: insightSLICE

Contact Person: Alex

Email: alex@insightslice.com

Phone: +1 (707) 736 6633

Country: United States

Website: https://www.insightslice.com/off-highway-vehicle-market

Source: www.abnewswire.com

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DOOSAN CORPORATION 3.23% 112000 End-of-day quote.113.74%
EPIROC AB (PUBL) 1.09% 221.8 Delayed Quote.196.43%
HITACHI CONSTRUCTION MACHINERY CO., LTD. -0.45% 3285 End-of-day quote.12.12%
HITACHI, LTD. 1.09% 6761 End-of-day quote.66.32%
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Financials
Sales 2022 920 B 8 131 M 8 131 M
Net income 2022 43 712 M 386 M 386 M
Net Debt 2022 251 B 2 219 M 2 219 M
P/E ratio 2022 16,0x
Yield 2022 1,96%
Capitalization 699 B 6 185 M 6 175 M
EV / Sales 2022 1,03x
EV / Sales 2023 0,96x
Nbr of Employees 24 873
Free-Float 47,7%
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Hitachi Construction Machinery Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HITACHI CONSTRUCTION MACHINERY CO., LTD.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 3 285,00 JPY
Average target price 3 659,23 JPY
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Kotaro Hirano President, Chief Executive Officer & Director
Keiichiro Shiojima Chief Financial Officer & Executive Officer
Hideaki Takahashi Chairman
Eiji Fukumoto Chief Technology Officer
Seishi Toyoshima Director & Chief Human Resources Officer
Sector and Competitors
1st jan.Capi. (M$)
HITACHI CONSTRUCTION MACHINERY CO., LTD.12.12%6 185
PACCAR, INC.-3.31%28 625
EPIROC AB (PUBL)196.43%27 967
KUBOTA CORPORATION8.37%26 092
TOYOTA INDUSTRIES CORPORATION13.92%25 647
CNH INDUSTRIAL N.V.28.74%22 386