Best Prospects In The Global Heavy Duty Engines Market And Strategies For Growth – Includes Heavy Duty Engines Market Growth
The Business Research Company’s report goes into great detail on the heavy duty engines market size and growth, heavy duty engines market regional analysis, heavy duty engines market competitive landscape, and other critical information needed to excel in the heavy duty engines industry.
Major players in the heavy duty engines market include Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc., Perkins, Detroit Diesel Corporation, PACCAR, Isuzu, Komatsu, Kirloskar, John Deere, Ashok Leyland Ltd, and Liebherr.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global heavy duty engine market size is expected to grow from $41.99 billion in 2021 to $45.66 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The global heavy duty engines market size is expected to grow to $58.76 billion in 2026 at a CAGR of 6.5%.
Asia-Pacific was the largest region in the heavy duty engine market in 2021.
The heavy-duty engine market consists of sales of heavy-duty engines by entities (organizations, sole traders, and partnerships) that are used in producing power for heavy engines for many sectors, such as marine, locomotive, and mechanical drive applications and electrical power generation. 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 growing construction industry is expected to propel the growth of the heavy-duty engine market going forward.
Technological advancements have emerged as a key trend gaining popularity in the heavy-duty engine market. Major companies operating in the market are introducing technological innovations to sustain their position in the market.
TBRC’s global heavy duty engines market report is segmented:
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, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Heavy Duty Engines Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the heavy duty engines market globally and regionally, analyzes and forecasts market size, share, heavy duty engines market players, heavy duty engines market segments, leading competitor revenues, profiles and market shares
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