Key Trends Reshaping the Heavy Duty Engines Market: Cummins Unveils Next-Generation HELM 15-Liter Diesel Engine Industry Transformation

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What Will the Heavy Duty Engines Industry Market Size Be by 2025?
In recent times, the market size for heavy duty engines has experienced significant growth. The market value is projected to increase from $52.14 billion in 2024 to $55.59 billion in 2025, registering a compound annual growth rate (CAGR) of 6.6%. The growth observed during the historical period can be traced back to the expansion of infrastructure and construction sectors, adherence to emission regulations, the need for fuel efficiency, global expansion of trade and transportation, and an increase in vehicle sizes and capacities.

What's the Long-Term Growth Forecast for the Heavy Duty Engines Market Size Through 2029?
The market for heavy duty engines is anticipated to experience robust growth in the upcoming years. It is projected to reach $75.22 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.9%. The surge during the forecast period can be credited to the rising demand for advanced materials, governmental incentives and aid, emphasis on durability and dependability, transition to alternate fuels, and the globalization of trade and transportation. Key trends during the forecast timeline include the electrification of powertrains, improvements in combustion engine efficiencies, the uptake of hybrid technologies, progress in engine management systems, and a concentration on eco-friendly fuels.

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What Are the Key Growth Drivers Fueling the Heavy Duty Engines Market Expansion?
The expansion of the construction sector is predicted to fuel growth in the market for heavy-duty engines. Construction involves the creation, design, or construction of a structure, which can include residential, institutional and commercial buildings, as well as specialised industrial construction. Heavy-duty engines are critical in large-scale construction projects, facilitating the creation of concrete mixes and transportation of large loads essential for the construction of structures. For example, Make in India, a campaign launched by the Indian government to boost local manufacturing, suggests that India's construction and real estate sector could be valued at USD 1 trillion by 2030. Furthermore, this sector's contribution to the country's GDP is projected to hit 13% by 2025. Consequently, the thriving construction industry is a key driver in the expansion of the heavy-duty engines market.

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What Are the Key Trends Driving Heavy Duty Engines Market Growth?
Leading firms in the heavy-duty engines market are shifting their focus towards innovative solutions such as next-generation heavy-duty engines. They aim to enhance efficacy, curtail emissions, and align with the changing industry norms. The term 'next-generation heavy-duty engines' refers to cutting-edge powertrains meant for commercial vehicles that boost fuel efficiency, minimize emissions, and improve performance using novel technology and materials. For example, Cummins, an American company known for designing, manufacturing, and selling engines, filtration systems, and power generation products, in March 2024, launched its next-gen HELM 15-liter diesel engine. This engine is compliant with the U.S. EPA and CARB 2027 regulations. The unique feature of this engine is its fuel-agnostic platform, which enables it to work with various fuel types, including biodiesel blends and renewable diesel. This not only enhances efficiency but also fosters environmental sustainability. The HELM platform is prepared to comply with upcoming emission norms without major architectural modifications. It is perceived as a pivotal development in boosting performance and diminishing the environmental effects of heavy-duty engines.

How Is the Heavy Duty Engines Market Segmented?
The heavy duty engines market covered in this report 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, Other End Users

Subsegments:
1) By Class 7: Vehicles With A Gross Vehicle Weight Rating (GVWR) Of 26,001 To 33,000 Pounds, Medium-Duty Trucks, Buses, And Vocational Vehicles
2) By Class 8: Vehicles With A Gross Vehicle Weight Rating (GVWR) Of Over 33,000 Pounds, Heavy-Duty Trucks, Tractor-Trailers, And Larger Buses

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Which Companies Are Leading the Charge in Heavy Duty Engines Market Innovation?
Major companies operating in the heavy duty engines market include Daimler AG, Mercedes-Benz, Caterpillar Inc., Deere & Company, Volvo Trucks Corporation, Mitsubishi Heavy Industries, PACCAR, Cummins Inc., Weichai Power Co. Ltd., Komatsu Ltd., Isuzu Motors Ltd., Kubota Corporation, Scania AB, MAN SE, Liebherr Group, Hino Motors Ltd., AGCO Corporation, YANMAR HOLDINGS CO. LTD., Navistar Inc., Wärtsilä Oyj Abp, Ashok Leyland Ltd., Rolls-Royce Power Systems AG, China Yuchai International Limited, Deutz AG, Doosan Infracore, Kirloskar Group, Perkins Engines Company Limited, J.C. Bamford Excavators Limited

Which Regions Are Leading the Global Heavy Duty Engines Market in Revenue?
Asia-Pacific was the largest region in the heavy duty engines market in 2024. The regions covered in the heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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