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Construction Equipment Engines Market Share

Report ID: GMI7601
Published Date: Dec 2023
Report Format: PDF

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Construction Equipment Engines Market Share

Caterpillar, Kubota and Weichai dominate the construction equipment engines industry. These players are employing various strategies to fortify their market presence. Caterpillar has a strong global presence, and its strategy often involves expanding into emerging markets to capitalize on growing construction activities.

Kubota is known for its compact and efficient engines, especially in the compact construction equipment segment. Weichai collaborates with other companies and institutions to leverage external expertise and technologies. Such collaborations can lead to advancements in engine technology, especially in areas like emissions control and fuel efficiency.

Construction Equipment Engines Market Companies

Major players operating in the construction equipment engines industy are:

Caterpillar
DEUTZ
MAN
Honda
John Deere
Kubota
Volvo Penta
Weichai
Yanmar
Yuchai

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of construction equipment engines was worth USD 25.5 billion in 2022 and is expected to register over 5% CAGR through 2032, due to the increasing stringent environmental regulations and emission standards imposed by government and regulatory bodies worldwide.

The diesel engines type segment held over 75% share of the construction equipment engines industry in 2023 and is expected to register appreciable CAGR from 2024 to 2032, owing to their robust power output, fuel efficiency, and durability.

Asia Pacific held over 40% share of the construction equipment engines market in 2023 and is expected to register commendable CAGR from 2024-2032, due to rapid urbanization and infrastructure development projects in the region.

Caterpillar, DEUTZ, MAN, Honda, John Deere, Kubota, Volvo Penta, Weichai, Yanmar, and Yuchai are some of the major construction equipment engines companies worldwide.