Get a free sample of Heavy Duty Engine Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Heavy Duty Engine Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Heavy Duty Engine Market Share
The global heavy duty engine industry is consolidated, with major regional companies operating on a global scale. Together these companies hold a market share of 45%-50% of the total market. In 2023, These firms are increasingly focused on innovation to meet the growing demand for high-performance engines. Companies are investing in research and development to create engines that not only meet stringent environmental regulations but also offer improved fuel efficiency and reduced emissions. Additionally, there's a growing emphasis on incorporating advanced technologies such as predictive maintenance and IoT integration to enhance engine reliability and operational efficiency.
Heavy Duty Engine Market Companies
Major players operating in the global heavy duty engine industry are:
- Caterpillar
- Cummins
- Daimler AG
- Detroit Diesel
- Deutz AG
- HYDI
- Isuzu Motors Limited
- Kubota Corporation
- Mack
- Navistar
- PACCAR
- Rolls-Royce Power Systems AG
- Volvo Group
- Weichai Power Co., Ltd.
- Yanmar Holdings Co., Ltd.
Why is the demand for class 8 heavy duty engine rising?
The class 8 segment in the heavy duty engine industry accounted for USD 45 billion in 2023, owing to its high power and durability for heavy-duty tasks.
How big is Asia Pacific heavy duty engine market?
Asia Pacific market is expected to reach USD 53.5 billion by 2032, driven by rapid industrialization, urbanization, and infrastructure development across countries.
What is the size of the heavy duty engine market?
The market size of heavy duty engine reached USD 53.5 billion in 2023 and is set to register 6.6% CAGR between 2024 and 2032, due to the infrastructure development and technological advancements.
Who are the leading heavy duty engine industry players?
Caterpillar, Cummin, Daimler AG, Detroit Diesel, Deutz AG, HYDI, Isuzu Motors Limited, Kubota Corporation, Mack, Navistar, PACCAR, Rolls-Royce Power Systems AG, Volvo Group, Weichai Power Co., Ltd., and Yanmar Holdings Co., Ltd.