Press release
Heavy Duty Engines Market is anticipated to reach USD 5.15 Bn. by 2030, as per Maximize Market Research
Heavy Duty Engines Market, Heavy Duty Engines Market Size, Heavy Duty Engines Market Share,
Heavy Duty Engines Market Overview
Investments in infrastructure development and fuel station installations are driving demand for heavy-duty engines.
Adoption of advanced technology, such as Advanced Driver Assistance Systems (ADAS), is attracting customers with features like timely warnings and IoT-based object identification.
Global investments in energy-efficient buildings are increasing, offering opportunities for the heavy-duty engines market.
Efforts to decarbonize buildings by governments and industries are expected to create favorable market conditions.
Concerns about excessive fuel consumption and efficiency are affecting heavy-duty vehicle makers and end-users.
Supply chain disruptions due to the COVID-19 pandemic have hindered market growth.
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Regional insights
The Asia Pacific dominates the market for heavy duty engines. During the forecast period the market is expected to show the CAGRof 6%. Asia Pacific countries, such as China, India, Japan, and Indonesia, as well as the region's booming building industry, are expected to drive products demand
North america will show market worth more than $14.5 Bn by 2030. With key players in the region such as Kenworth International, Freightliner, Volvo, Peterbilt, and Mack the market will see growth.
Recent News
22/8/2024 Bharat-Benz heavy duty truck range launched in India with 6.7 L diesel engine, 1200 nm torque!
25/9/2024 Cambustion launches particulate filter test for heavy-duty engines
20/5/2024 Ballard launches 9th generation high-performance fuel cell engine for heavy-duty vehicles at ACT Expo 2024
25/7/2024 Volvo Trucks North America announces availability of CARB 2024 Omnibus compliant heavy-duty engine
29/1/2024 Volvo Trucks unveils new global heavy-duty truck portfolio
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Heavy Duty Engines Market Segmentation
by Vehicle Class
Class 7
Class 8
by Horsepower
Below 400HP
400HP - 500HP
500HP - 600HP
Above 600HP
by End-user
Agriculture
Mining
Construction
Transportation & Logistics
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Heavy Duty Engines Market Key Players
Caterpillar
Cummins
Isuzu
Komatsu
Volvo
Detroit
Hino
Kirloskar
Perkins
PACCAR
Mack
Mercedes-Benz
Navistar
Volvo Truck
Perkins
Key questions answered in the Heavy Duty Engines Market are:
Which region has the largest share in Global Heavy Duty Engines Market?
What is the growth rate of Global Heavy Duty Engines Market?
What is scope of the Global Heavy Duty Engines Market report?
Who are the key players in Global Market?
What is the study period of this Market?
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/heavy-duty-engines-market/124930/
Key Offerings:
Past Heavy Duty Engines Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Heavy Duty Engines Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Heavy Duty Engines Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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