Heavy Duty Engines Global Market Report 2024

Global Heavy Duty Engines Market Report 2024

Heavy Duty Engines Global Market Report 2024 – By Vehicle Class (Class 7, Class 8), By Horsepower (Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP), By End-User (Agriculture, Mining, Construction, Transportation and Logistics, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

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Heavy Duty Engines Global Market Report 2024

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Heavy Duty Engines Market Definition

Heavy-duty engines refer to the engines that are used for heavy-duty vehicles. Heavy-duty vehicles usually have a gross vehicle weight of 10,000 pounds or more, which can be worked only with the help of heavy engines. The heavy-duty engine is used in producing power for heavy engines for many sectors, such as marine, locomotive, and mechanical drive applications and electrical power generation.

The main types of heavy-duty engines are class 7 and class 8 vehicles. The class 7 heavy-duty engines are defined as vehicles designed to carry heavy loads. The class 7 vehicles usually have three or more axles, with a gross vehicle weight rating of between 26,001 pounds and 33,000 pounds. The most commonly used class 7 vehicles are garbage trucks, city transit buses, and street sweepers. The various horsepower include below 400hp, 400hp-500hp, 500hp-600hp, and above 600hp. It is employed by numerous end-users in such areas as agriculture, mining, construction, transportation and logistics, and others.

Heavy Duty Engines Market Segmentation

The heavy duty engines market covered in this report is segmented –

1) By Vehicle Class: Class 7, Class 8

2) By Horsepower: Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP

3) By End-User: Agriculture, Mining, Construction, Transportation and Logistics, Other End Users

Global Heavy Duty Engines Market Size 2023 to 2028: Graph

Heavy Duty Engines Market Size 2024 And Growth Rate

The heavy duty engines market size has grown strongly in recent years. It will grow from $49.31 billion in 2023 to $52.88 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to infrastructure and construction growth, emission regulations compliance, demand for fuel efficiency, globalization of trade and transportation, rise in vehicle sizes and capacities.

Heavy Duty Engines Market Growth Forecast

The heavy duty engines market size is expected to see strong growth in the next few years. It will grow to $70.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to demand for advanced materials, government incentives and support, focus on durability and reliability, shift to alternative fuels, globalization of trade and transport. Major trends in the forecast period include electrification of powertrains, efficiency enhancements in combustion engines, adoption of hybrid technologies, advancements in engine management systems, focus on sustainable fuels.

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Heavy Duty Engines Market Driver: Construction Industry Expansion Fuels Growth In Heavy-Duty Engines Market

The growing construction industry is expected to propel the growth of the heavy duty engines market going forward. Construction refers to the process, art, or manner of building some structure. Construction includes residential buildings, institutional and commercial buildings, and specialized industrial construction. Heavy-duty engines are used for preparing concrete mixes for big construction projects along with carrying big loads that make up the structure. For instance, according to Make in India, an initiative by the Indian government to encourage companies to develop and manufacture products that are made in India, the Indian construction and real estate sector is expected to reach USD 1 trillion by 2030. Also, the construction and real estate sector contribution to India’s GDP is expected to reach 13% by 2025. Therefore, the rising construction industry is driving the growth of the heavy duty engines market.

Heavy Duty Engines Market Driver: Expanding Mining Sector Ignites Growth In Heavy Duty Engines Market

The rising mining industry is expected to propel the growth of the heavy duty engines market going forward. The mining industry encompasses the extraction, processing, and production of minerals, metals, and other geological resources for various industrial purposes. The mining industry utilizes heavy-duty engines to power heavy machinery and equipment essential for the excavation, transportation, and processing of minerals and resources. For instance, in May 2023, according to the Australian Bureau of Statistics, an Australia-based national statistical agency, the mining industry saw a substantial increase in earnings by $54.3 billion (32.7%) in 2021-22, demonstrating growth in all primary data indicators after a $7.7 billion (4.9%) rise in 2020-21. Additionally, mining IVA (Industry Value Added) surged by 29.5% ($64.6 billion), following a 4.4% ($9.2 billion) increase in the previous year. Therefore, the rising mining industry is driving the growth of the heavy duty engines market.

Global Heavy Duty Engines Market Major Players

Major companies operating in the heavy-duty engines market report are Daimler AG, Mercedes-Benz, Caterpillar Inc., Deere & Company, Volvo Trucks Corporation, Mitsubishi Heavy Industries, PACCAR, Cummins Inc., Weichai Power Co. Ltd., Komatsu Ltd., Isuzu Motors Ltd., Kubota Corporation, Scania AB, MAN SE, Liebherr Group, Hino Motors Ltd., AGCO Corporation, YANMAR HOLDINGS CO. LTD., Navistar Inc., Wärtsilä Oyj Abp, Ashok Leyland Ltd., Rolls-Royce Power Systems AG, China Yuchai International Limited, Deutz AG, Detroit Diesel Corporation, Mack Trucks Inc., Doosan Infracore, Kirloskar Group, Perkins Engines Company Limited, J.C. Bamford Excavators Limited

Global Heavy Duty Engines Market Trend: Technological Advancement Drive Evolution In The Heavy-Duty Engines Market

Technological advancements have emerged as a key trend gaining popularity in the heavy duty engines market. Major companies operating in the market are introducing technological innovations to sustain their position in the market. For instance, in February 2021, Clear Flame Engine Technologies, a US-based start-up that manufactures heavy-duty engines, launched its net-zero engine technology. With this technology, heavy-duty truck diesel engines can be operated on 100% renewable plant-based fuels. This technology helps in increasing the machine's capacity and makes it environmentally friendly. It also helps in meeting the efficiency and performance requirements of the customer.

Global Heavy Duty Engines Market Trend: Leading Heavy Duty Engine Manufacturers Pave The Way With Zero-Carbon Emissions Solutions

Major companies operating in the heavy duty engines market are focusing on advanced solutions such as zero-carbon emissions solutions to address environmental concerns and gain a competitive edge. Zero-carbon emissions solutions aim to eliminate or offset the release of carbon dioxide and other greenhouse gases into the atmosphere. For instance, in March 2023, JCB, a US-based construction and agricultural equipment manufacturer, launched a hydrogen combustion engine. This innovative zero-carbon emissions solution has the potential to revolutionize the construction equipment sector and contribute to a greener future. JCB's hydrogen combustion engine powers prototype versions of their backhoe loader and Loadall telescopic handler. The hydrogen fuel used in the engine emits only steam, resulting in zero CO2 emissions at the point of use. Furthermore, JCB's prototype backhoe loader, equipped with a hydrogen motor, can perform all the tasks of its diesel-powered counterpart.

Heavy Duty Engines Market Merger And Acquisition:

Traton Group's Acquisition Of Navistar International Strengthens Commitment To Sustainable Transportation Solutions

In July 2021, Traton Group, a Germany-based manufacturer of commercial vehicles, acquired Navistar International Corporation for USD3.7 billion. Traton Group aims at providing sustainable transportation offerings through autonomous driving establishments and electric mobility implementations. Navistar International Corporation is a US-based manufacturer of heavy-duty engines such as trucks and diesel engines.

Regional Insights For The Global Heavy Duty Engines Market

Asia-Pacific was the largest region in the heavy duty engines market in 2023. The regions covered in the heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the heavy duty engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The heavy duty engines market consists of sales of semi-truck engines and heavy duty diesel truck engines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The heavy-duty engines market research report is one of a series of new reports from The Business Research Company that provides heavy duty engines market statistics, including heavy duty engines industry global market size, regional shares, competitors with a heavy duty engines market share, detailed heavy duty engines market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty engines industry. This heavy duty engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy Duty Engines Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$52.88 billion
Revenue Forecast In 2033	$70.22 billion
Growth Rate	CAGR of 7.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Vehicle Class: Class 7, Class 8 2) By Horsepower: Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP 3) By End-User: Agriculture, Mining, Construction, Transportation And Logistics, Other End Users
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Daimler AG; Mercedes-Benz; Caterpillar Inc.; Deere & Company; Volvo Trucks Corporation; Mitsubishi Heavy Industries; PACCAR; Cummins Inc.; Weichai Power Co. Ltd.; Komatsu Ltd.; Isuzu Motors Ltd.; Kubota Corporation; Scania AB; MAN SE; Liebherr Group; Hino Motors Ltd.; AGCO Corporation; YANMAR HOLDINGS CO. LTD.; Navistar Inc.; Wärtsilä Oyj Abp; Ashok Leyland Ltd.; Rolls-Royce Power Systems AG; China Yuchai International Limited; Deutz AG; Detroit Diesel Corporation; Mack Trucks Inc.; Doosan Infracore; Kirloskar Group; Perkins Engines Company Limited; J.C. Bamford Excavators Limited
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Heavy Duty Engines Market Characteristics

3. Heavy Duty Engines Market Trends And Strategies

4. Heavy Duty Engines Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Heavy Duty Engines Market Size and Growth

5.1. Global Heavy Duty Engines Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Heavy Duty Engines Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Heavy Duty Engines Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Heavy Duty Engines Market Segmentation

6.1. Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Class 7

Class 8

6.2. Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Below 400HP

400HP - 500HP

500HP - 600HP

Above 600HP

6.3. Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Agriculture

Mining

Construction

Transportation and Logistics

Other End Users

7. Heavy Duty Engines Market Regional And Country Analysis

7.1. Global Heavy Duty Engines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Heavy Duty Engines Market

8.1. Asia-Pacific Heavy Duty Engines Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Heavy Duty Engines Market

9.1. China Heavy Duty Engines Market Overview

9.2. China Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Heavy Duty Engines Market

10.1. India Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Heavy Duty Engines Market

11.1. Japan Heavy Duty Engines Market Overview

11.2. Japan Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Heavy Duty Engines Market

12.1. Australia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Heavy Duty Engines Market

13.1. Indonesia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Heavy Duty Engines Market

14.1. South Korea Heavy Duty Engines Market Overview

14.2. South Korea Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Heavy Duty Engines Market

15.1. Western Europe Heavy Duty Engines Market Overview

15.2. Western Europe Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Heavy Duty Engines Market

16.1. UK Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Heavy Duty Engines Market

17.1. Germany Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Heavy Duty Engines Market

18.1. France Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Heavy Duty Engines Market

19.1. Italy Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Heavy Duty Engines Market

20.1. Spain Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Heavy Duty Engines Market

21.1. Eastern Europe Heavy Duty Engines Market Overview

21.2. Eastern Europe Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Heavy Duty Engines Market

22.1. Russia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Heavy Duty Engines Market

23.1. North America Heavy Duty Engines Market Overview

23.2. North America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Heavy Duty Engines Market

24.1. USA Heavy Duty Engines Market Overview

24.2. USA Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Heavy Duty Engines Market

25.1. Canada Heavy Duty Engines Market Overview

25.2. Canada Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Heavy Duty Engines Market

26.1. South America Heavy Duty Engines Market Overview

26.2. South America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Heavy Duty Engines Market

27.1. Brazil Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Heavy Duty Engines Market

28.1. Middle East Heavy Duty Engines Market Overview

28.2. Middle East Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Heavy Duty Engines Market

29.1. Africa Heavy Duty Engines Market Overview

29.2. Africa Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Heavy Duty Engines Market Competitive Landscape And Company Profiles

30.1. Heavy Duty Engines Market Competitive Landscape

30.2. Heavy Duty Engines Market Company Profiles

30.2.1. Daimler AG

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Mercedes-Benz

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Caterpillar Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Deere & Company

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Volvo Trucks Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Heavy Duty Engines Market Other Major And Innovative Companies

31.1. Mitsubishi Heavy Industries

31.2. PACCAR

31.3. Cummins Inc.

31.4. Weichai Power Co. Ltd.

31.5. Komatsu Ltd.

31.6. Isuzu Motors Ltd.

31.7. Kubota Corporation

31.8. Scania AB

31.9. MAN SE

31.10. Liebherr Group

31.11. Hino Motors Ltd.

31.12. AGCO Corporation

31.13. YANMAR HOLDINGS CO. LTD.

31.14. Navistar Inc.

31.15. Wärtsilä Oyj Abp

32. Global Heavy Duty Engines Market Competitive Benchmarking

33. Global Heavy Duty Engines Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Heavy Duty Engines Market

35. Heavy Duty Engines Market Future Outlook and Potential Analysis

35.1 Heavy Duty Engines Market In 2028 - Countries Offering Most New Opportunities

35.2 Heavy Duty Engines Market In 2028 - Segments Offering Most New Opportunities

35.3 Heavy Duty Engines Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Heavy Duty Engines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Daimler AG Financial Performance

Table 75: Mercedes-Benz Financial Performance

Table 76: Caterpillar Inc. Financial Performance

Table 77: Deere & Company Financial Performance

Table 78: Volvo Trucks Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Heavy Duty Engines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Daimler AG Financial Performance

Figure 75: Mercedes-Benz Financial Performance

Figure 76: Caterpillar Inc. Financial Performance

Figure 77: Deere & Company Financial Performance

Figure 78: Volvo Trucks Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the heavy duty engines market?

How will the heavy duty engines market drivers and restraints affect the heavy duty engines market dynamics? What forces will shape the heavy duty engines industry going forward?

The heavy duty engines market major growth driver - construction industry expansion fuels growth in heavy-duty engines market. For further insights on the heavy duty engines market, request a sample here

What is the forecast market size or the forecast market value of the heavy duty engines market ?

The heavy duty engines market size has grown strongly in recent years. It will grow from $49.31 billion in 2023 to $52.88 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to infrastructure and construction growth, emission regulations compliance, demand for fuel efficiency, globalization of trade and transportation, rise in vehicle sizes and capacities. The heavy duty engines market size is expected to see strong growth in the next few years. It will grow to $70.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to demand for advanced materials, government incentives and support, focus on durability and reliability, shift to alternative fuels, globalization of trade and transport. Major trends in the forecast period include electrification of powertrains, efficiency enhancements in combustion engines, adoption of hybrid technologies, advancements in engine management systems, focus on sustainable fuels. For further insights on the heavy duty engines market, request a sample here

How is the heavy duty engines market segmented?

The heavy duty engines market is segmented
1) By Vehicle Class: Class 7, Class 8
2) By Horsepower: Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP
3) By End-User: Agriculture, Mining, Construction, Transportation and Logistics, Other End UsersFor further insights on the heavy duty engines market, request a sample here

Which region has the largest share of the heavy duty engines market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the heavy duty engines market in 2023. The regions covered in the heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the heavy duty engines market, request a sample here.

Who are the major players in the heavy duty engines market?

What are the key trends in the heavy duty engines market?

Major trend in the heavy duty engines market - leading heavy duty engine manufacturers pave the way with zero-carbon emissions solutions. For further insights on the heavy duty engines market, request a sample here.

What are the major opportunities in the heavy duty engines market? What are the strategies for the heavy duty engines market?

For detailed insights on the major opportunities and strategies in the heavy duty engines market, request a sample here.

How does the heavy duty engines market relate to the overall economy and other similar markets?

For detailed insights on heavy duty engines market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the heavy duty engines industry?

For detailed insights on the mergers and acquisitions in the heavy duty engines industry, request a sample here.

What are the key dynamics influencing the heavy duty engines market growth? SWOT analysis of the heavy duty engines market.

For detailed insights on the key dynamics influencing the heavy duty engines market growth and SWOT analysis of the heavy duty engines industry, request a sample here.