Summary

Heavy Duty Engines Market Research Report Information By Vehicle Class (Class 8 and Class 7) By Horsepower (Below 100 HP, 400 - 500 HP, 500 - 600 HP, and Above 600 HP) By End User (Agricultural, Transportation & Logistics, Construction, Mining and Others) and By Region -Global Forecast to 2032

Overview of the Market
In 2022, the market for heavy-duty engines was estimated to be worth USD 26.7 billion. With a compound annual growth rate (CAGR) of 5.77% from 2023 to 2032, the heavy-duty engines market is expected to increase from USD 28 billion in 2023 to USD 46.2 billion by 2032.
An internal combustion engine (ICE) intended to power massive, heavy machinery or vehicles is known as a heavy-duty engine. Heavy-duty trucks, buses, construction equipment, and agricultural machinery are among the common uses for these engines. They are bigger and more potent than the engines used in passenger cars, and they are made to endure longer under the harsh circumstances of intensive use.
Due to the need for commercial vehicles and equipment in the mining, construction, and transportation industries, the heavy-duty engine market is expanding quickly on a global scale. The government must continue adhere to stringent emissions regulations even while technical developments are improving engine efficiency and environmental performance. Demand is being driven by an emphasis on enhancing fuel performance and efficiency as operators look to save expenses and boost output. Additionally, investments in heavy machinery are being driven by urbanization and the expansion of infrastructure in emerging nations. These elements support the market's robust expansion for heavy-duty engines.

Perspectives on Market Segments
The market for heavy-duty engines has been divided into two segments, Class 8 and Class 7, according to the vehicle class.
The market for heavy-duty engines has been divided into four segments based on horsepower: below 100 HP, 400–500 HP, 500–600 HP, and above 600 HP.
The market for heavy-duty engines has been divided into several segments based on the end user, including mining, construction, transportation and logistics, and agriculture.

Regional Perspectives
Geographically, the market for heavy-duty engines is divided into Latin America, Asia-Pacific, Europe, North America, and the Middle East and Africa. The market for heavy-duty engines in Asia-Pacific has the largest market share and is anticipated to generate a sizable revenue share over the course of the projected period. Given the trend toward rapid industrialization and economic expansion in the region's rising nations, heavy-duty engines are essential. Large machinery and vehicles are crucial for resource extraction and infrastructure development, and these engines are renowned for their great power and rising efficiency. Strong engines that can manage harsh weather and large loads are necessary due to the region's varied and sometimes shifting topography. Furthermore, the requirement for dependable heavy-duty engines to support supply chains and logistics is increased by the growth of metropolitan centers and industrial zones. Because these engines are essential to the effective completion of large-scale projects, the region's emphasis on infrastructure development facilitates their use.

Key Players
The following companies are major players in the market: Rolls-Royce plc, AB Volvo, Steyr Motors, Marc Trucks (Volvo), Detroit Diesel Corporation (Daimler Truck AG), Cummins Inc., Perkins Engines Company Limited, Komatsu Ltd., Weichai, Mitsubishi Heavy Industries, LTD., and Woodward, INC.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR COMMERCIAL VEHICLES AND HEAVY MACHINERY, PARTICULARLY IN EMERGING ECONOMIES FOR INFRASTRUCTURE DEVELOPMENT AND INDUSTRIAL GROWTH
4.2.2 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 STRICT GOVERNMENT REGULATION REGARDING THE EMISSION
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 INCREASE IN ADVANCEMENT FOR INCREASING THE ENGINE EFFICIENCY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
5.1.1.1 RAW MATERIAL SUPPLIERS
5.1.1.2 MANUFACTURERS
5.1.1.3 DISTRIBUTION CHANNEL
5.1.1.4 END-USER
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASS
6.1 INTRODUCTION
6.2 CLASS 8
6.3 CLASS 7
7 GLOBAL HEAVY DUTY ENGINES MARKET, BY HORSEPOWER
7.1 INTRODUCTION
7.2 BELOW 90 HP
7.3 400 - 500 HP
7.4 500 - 600 HP
7.5 ABOVE 600 HP
8 GLOBAL HEAVY DUTY ENGINES MARKET, BY END USER
8.1 INTRODUCTION
8.2 AGRICULTURAL
8.3 TRANSPORTATION & LOGISTICS
8.4 CONSTRUCTION
8.5 MINING
8.6 OTHERS
9 GLOBAL HEAVY DUTY ENGINES MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 RUSSIA
9.3.5 SPAIN
9.3.6 ITALY
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 DENMARK
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 SOUTH AFRICA
9.6.2 GCC COUNTRIES
9.6.3 TURKEY
9.6.4 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPETITION DASHBOARD
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL PRESENCE
10.2.3 STRATEGIC ALLIANCE
10.2.4 INDUSTRY EXPERIENCE
10.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
11 COMPANY PROFILES
11.1 CUMMINS INC.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG)
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 AB VOLVO
11.3.1 COMPANY OVERVIEW
11.3.2 PRODUCTS OFFERED
11.3.3 KEY DEVELOPMENTS
11.3.4 KEY STRATEGY
11.4 STEYR MOTORS
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 MACK TRUCKS
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS 117
11.5.6 KEY STRATEGY
11.6 ROLLS-ROYCE PLC
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 PERKINS ENGINES COMPANY LIMITED
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGY
11.8 KOMATSU LTD
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGY
11.9 WEICHAI
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGY
11.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGY
11.11 RELATED REPORTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR COMMERCIAL VEHICLES AND HEAVY MACHINERY, PARTICULARLY IN EMERGING ECONOMIES FOR INFRASTRUCTURE DEVELOPMENT AND INDUSTRIAL GROWTH
4.2.2 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 STRICT GOVERNMENT REGULATION REGARDING THE EMISSION
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 INCREASE IN ADVANCEMENT FOR INCREASING THE ENGINE EFFICIENCY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
5.1.1.1 RAW MATERIAL SUPPLIERS
5.1.1.2 MANUFACTURERS
5.1.1.3 DISTRIBUTION CHANNEL
5.1.1.4 END-USER
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASS
6.1 INTRODUCTION
6.2 CLASS 8
6.3 CLASS 7
7 GLOBAL HEAVY DUTY ENGINES MARKET, BY HORSEPOWER
7.1 INTRODUCTION
7.2 BELOW 90 HP
7.3 400 - 500 HP
7.4 500 - 600 HP
7.5 ABOVE 600 HP
8 GLOBAL HEAVY DUTY ENGINES MARKET, BY END USER
8.1 INTRODUCTION
8.2 AGRICULTURAL
8.3 TRANSPORTATION & LOGISTICS
8.4 CONSTRUCTION
8.5 MINING
8.6 OTHERS
9 GLOBAL HEAVY DUTY ENGINES MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 RUSSIA
9.3.5 SPAIN
9.3.6 ITALY
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 DENMARK
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 SOUTH AFRICA
9.6.2 GCC COUNTRIES
9.6.3 TURKEY
9.6.4 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPETITION DASHBOARD
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL PRESENCE
10.2.3 STRATEGIC ALLIANCE
10.2.4 INDUSTRY EXPERIENCE
10.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
11 COMPANY PROFILES
11.1 CUMMINS INC.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG)
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 AB VOLVO
11.3.1 COMPANY OVERVIEW
11.3.2 PRODUCTS OFFERED
11.3.3 KEY DEVELOPMENTS
11.3.4 KEY STRATEGY
11.4 STEYR MOTORS
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 MACK TRUCKS
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS 117
11.5.6 KEY STRATEGY
11.6 ROLLS-ROYCE PLC
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 PERKINS ENGINES COMPANY LIMITED
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGY
11.8 KOMATSU LTD
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGY
11.9 WEICHAI
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGY
11.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGY
11.11 RELATED REPORTS