Global Heavy Duty Engines Market Report 2022 | Market Demand, Scope, Overview And Top Key Players Are Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc

The global heavy-duty engine market report by the business research company identifies construction industry to be a major growth driver for the heavy-duty engine market. 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.

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%.

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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.

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.

The global organic food 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

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The Heavy-duty engine Market Report Contents Include
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
………
28. Key Mergers And Acquisitions In The Heavy Duty Engines Market
29. Heavy Duty Engines Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the heavy-duty engine market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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