Truck Engines Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

The global truck engine market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growth is attributed owing to the increase in development and launch of new technology truck engines that incorporate state-of-the-art features such as improved fuel efficiency, reduced emissions, and enhanced performance capabilities. These engines offer increased reliability, durability, and power output by harnessing the power of cutting-edge technologies like hybrid systems, electric powertrains, and advanced engine management systems. The introduction of these advanced truck engines has not only addressed environmental concerns but also provided cost-effective solutions for truck operators, making their operations more economical and sustainable. The market growth has been fueled by the increased adoption of these new technology truck engines by fleet owners and truck manufacturers, as they strive to meet stringent regulatory standards, optimize fuel consumption, and improve overall operational efficiency. As a result, the truck engine market is experiencing significant expansion, and it is expected to continue thriving as new and innovative technologies continue to revolutionize the trucking industry. For instance, 

In October 2022, John Deere Power Systems (JDPS) showcase its latest products, including next-generation engines, alternative fuels strategy, electric drivetrain, and battery advancements, at bauma 2022.
In June 2022, Cummins Inc. and Komatsu Ltd. collaborated for the development of zero-emissions haulage equipment, initially focusing on zero -emissions power technologies including hydrogen fuel cell solutions for large mining haul truck applications. The collaboration builds on a legacy of diesel engine partnership across a wide variety of mining and construction equipment. The collaboration aims to reduce the environmental impact of mining and construction industries by developing zero-emissions haulage equipment, which will help to reduce greenhouse gas emissions and improve air quality.

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Market Coverage

The market number available for - 2023-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Includes Cummins Inc., Caterpillar, Mercedes-Benz Group AG, Volvo Group, and PACCAR Inc.  and others.

A full Report of Truck Engines Market is Available @  https://www.omrglobal.com/industry-reports/truck-engines-market

Truck Engine Market Report Segment

By Type

Diesel Engine
Gasoline Engine

By Application 

Construction
Mining
Transport
Others (Waste Management, Emergency Services)

Truck Engine Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Ashok Leyland
Baltringer Ltd. Liability Co.
Detroit Diesel Troubleshooting Diagrams
Deutz AG
Doosan 
Ford Motor Company
General Motors 
Hino Motors Ltd.
Isuzu Motors Ltd.
Iveco S.p.A.
John Deere Group
Komatsu Ltd.
Mahindra & Mahindra Ltd.
MAN Group
Mitsubishi Fuso Truck and Bus Corp.
Navistar Inc.
Perkins Engines Company Ltd.
Rolls-Royce Power Systems AG
Tata Motors Passenger Vehicles Ltd.

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