Heavy Duty Engines Market Revenue To Amass USD 68 Bn By 2028

11-Feb-2022 | Zion Market Research

As per study of Zion Market Research, Heavy Duty Engines industry garnered revenue worth nearly US$ 46 billion in 2021 and is anticipated to gain returns about US$ 68 billion by 2028. Additionally, Heavy Duty Engines market is prognosis to record CAGR of almost 6.1% in 2022-2028. Additionally, growth of heavy duty engines market over forecast timespan is owing to rise in transport activities across globe. Massive need for reducing GHG emissions and fuel usage will drive demand for heavy duty engines. Expansion of market in ensuing years can be credited to escalating product demand across mining & construction industries. Rise in funding of novel techniques by product manufacturers for improving power density of reciprocating engines will open new vistas of expansion for heavy duty engines industry over ensuing years.

Class 8 Segment To Lead Vehicle Class Segment Over 2022-2028

Growth of class 8 segment in next six years can be credited to large-scale use of class 8 vehicles in recycling, demolition, and construction projects. Reportedly, in North America, sale of class 8 trucks increased y-o-y post 2008 recession and nearly 4,000 thousand class 8 trucks operated across globe.

Global Heavy Duty Engines Market

Asia Pacific To Contribute Over 50% Of Overall Market Share By 2028

Expansion of heavy duty engines market in Asia Pacific zone in next couple of years can be due to flourishing transport & logistics sectors in countries such as India, China, and Japan. Swift urbanization, infrastructural growth, and favorable economic conditions will proliferate size of regional market growth. Huge investments and favorable government policies will augment ascent of heavy duty engines market in Asia Pacific zone.

Key participants profiled in study and leveraging industry landscape are Cummins, Inc., Hino Motors, Ltd., Navistar International Corporation, Caterpillar Inc., Mack Trucks, Inc., Volvo Trucks Corporation, Mercedes-Benz, and Detroit Diesel Corporation.

Browse the full Heavy Duty Engines Market- By Vehicle Class (Class 7 And Class 8), By Horsepower (Below 400HP, 400HP – 500HP, 500HP – 600HP, And Above 600HP), And By End-User (Agriculture, Mining, Construction, And Transportation & Logistics): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/heavy-duty-engines-market

The global Heavy Duty Engines Market is segmented as follows:

By Vehicle Class

  • Class 7
  • Class 8

By Horsepower

  • Below 400HP
  • 400HP – 500HP
  • 500HP – 600HP
  • Above 600HP

By End-User

  • Agriculture
  • Mining
  • Construction
  • Transportation & Logistics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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