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Heavy Duty Engines Global Market Report 2022 – 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 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : July 2022 | SKU CODE : | Delivery Time: 2-3 business days | Format :


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 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.

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

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%.

The growing construction industry is expected to propel the growth of the heavy-duty engine 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 US$ 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 engine market.

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. 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.

In July 2021, Traton Group, a Germany-based manufacturer of commercial vehicles, acquired Navistar International Corporation for US $3.7 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.

Major players in the heavy duty engines market are 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.

Asia-Pacific was the largest region in the heavy duty engine market in 2021. The regions covered in the global heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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

The global 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, Others

    Table Of Contents

    1. Executive Summary

    2. Heavy Duty Engines Market Characteristics

    3. Heavy Duty Engines Market Trends And Strategies

    4. Impact Of COVID-19 On Heavy Duty Engines

    5. Heavy Duty Engines Market Size And Growth

    5.1. Global Heavy Duty Engines Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Heavy Duty Engines Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Heavy Duty Engines Market Segmentation

    6.1. Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Class 7

    Class 8

    6.2. Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Below 400HP

    400HP - 500HP

    500HP - 600HP

    Above 600HP

    6.3. Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Heavy Duty Engines Market

    10.1. India Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Heavy Duty Engines Market

    11.1. Japan Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Heavy Duty Engines Market

    12.1. Australia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Heavy Duty Engines Market

    13.1. Indonesia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Heavy Duty Engines Market

    14.1. South Korea Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Heavy Duty Engines Market

    16.1. UK Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Heavy Duty Engines Market

    17.1. Germany Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Heavy Duty Engines Market

    18.4. France Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Heavy Duty Engines Market

    19.1. Eastern Europe Heavy Duty Engines Market Overview

    19.2. Eastern Europe Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Heavy Duty Engines Market

    20.1. Russia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Heavy Duty Engines Market

    21.1. North America Heavy Duty Engines Market Overview

    21.2. North America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Heavy Duty Engines Market

    22.1. USA Heavy Duty Engines Market Overview

    22.2. USA Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Heavy Duty Engines Market

    23.1. South America Heavy Duty Engines Market Overview

    23.2. South America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Heavy Duty Engines Market

    24.1. Brazil Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Heavy Duty Engines Market

    25.1. Middle East Heavy Duty Engines Market Overview

    25.2. Middle East Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Heavy Duty Engines Market

    26.1. Africa Heavy Duty Engines Market Overview

    26.2. Africa Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Heavy Duty Engines Market Competitive Landscape And Company Profiles

    27.1. Heavy Duty Engines Market Competitive Landscape

    27.2. Heavy Duty Engines Market Company Profiles

    27.2.1. Cummins Inc.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Caterpillar Inc.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Volvo Trucks Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Hino Motors Ltd.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Mack Trucks Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

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

    29. Heavy Duty Engines Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Heavy Duty Engines Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Cummins Inc. Financial Performance
  • Table 47: Caterpillar Inc. Financial Performance
  • Table 48: Volvo Trucks Corporation Financial Performance
  • Table 49: Hino Motors Ltd. Financial Performance
  • Table 50: Mack Trucks Inc. Financial Performance

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