Heavy Duty Engines Market 2023 : Trends, Business Growth And Major Driving Factors | Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc., Perkins

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Heavy Duty Engines Market Size, Growth Rate, And Forecast
The global heavy duty engines market size grew from $46.94 billion in 2022 to $51.98 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy duty engines market size is expected to grow to $73.91 billion in 2027 at a CAGR of 9.2%.

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Heavy Duty Engines Market Drivers
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.

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Heavy Duty Engines Market Segments
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, Other End Users

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Heavy Duty Engines market.

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Heavy Duty Engines Market Key Players
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 Business Research Company's "Global Heavy Duty Engines Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Heavy Duty Engines Market Include:
1. Executive Summary
2. Heavy Duty Engines Market Characteristics
3. Heavy Duty Engines Market Trends And Strategies
4. Heavy Duty Engines Market - Macro Economic Scenario
5. Heavy Duty Engines Market Size And Growth
……
27. Heavy Duty Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heavy Duty Engines Market
29. Heavy Duty Engines Market Future Outlook and Potential Analysis
30. Appendix

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