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One major trend in the heavy-duty engine sector is the focus on sustainability and meeting environmental rules. Manufacturers are investing a lot in cleaner engine technologies, like advanced exhaust systems and engines that use alternative fuels. There's growing interest in hydrogen fuel cells and natural gas engines instead of traditional diesel engines.
Additionally, there's a move towards making engines smaller and lighter to improve fuel efficiency without losing performance. Another key trend is adding digital technologies and connectivity features to heavy-duty engines. Manufacturers are using advanced sensors, telematics, and IoT capabilities to enable predictive maintenance, real-time performance monitoring, and better fleet management.
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.
Asia Pacific market is expected to reach USD 53.5 billion by 2032, driven by rapid industrialization, urbanization, and infrastructure development across countries.
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.
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.