Heavy Duty Engines Market Growth to be Driven by Emerging Trends | $72.79 Billion by 2029

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What is the Projected Market Size of the Heavy Duty Engines Industry?
The size of the heavy duty engines market has seen robust growth in the past few years. An increase from $52.14 billion in 2024 to $54.84 billion in 2025 is forecasted, reflecting a compound annual growth rate (CAGR) of 5.2%. Factors contributing to the growth during the historic period include the expansion of infrastructure and construction, adherence to emission regulations, the need for fuel efficiency, global trade and transportation advancements, and an escalation in vehicle sizes and capacities.

What Will Be the Size of the Heavy Duty Engines Market by 2029?
Anticipated to witness robust growth in the coming years, the heavy duty engines market size is projected to reach $72.79 billion in 2029, with a compound annual growth rate (CAGR) of 7.3%. This predicted growth for the forecast period can be tied to the increased demand for cutting-edge materials, governmental encouragement and backing, an emphasis on durability and reliability, the shift towards alternate fuels, and the globalisation of trade and transportation. The forecast period is also expected to see notable trends such as powertrain electrification, improvements in the efficiency of combustion engines, the implementation of hybrid technologies, advancements in engine management systems, and the increased emphasis on eco-friendly fuels.

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What Are the Key Drivers Accelerating Growth in the Heavy Duty Engines Market?
The expansion of the construction sector is anticipated to fuel the advancement of the heavy-duty engines market in the future. When we talk about construction, we mean the method, artistry, or way of constructing a particular structure. This covers residential structures, commercial and institutional buildings, and specific industrial construction. Heavy-duty engines find applications in creating concrete mixes for large-scale construction projects and in transporting heavy loads, which form the structure. For instance, as part of the Make in India initiative, which is a push by the Indian government to promote the creation and production of Indian made products, the construction and real estate sector in India is predicted to hit 1 trillion USD by the year 2030. Moreover, this sector's contribution to India's GDP is projected to achieve 13% by 2025. Hence, the burgeoning construction industry is a key driver in propelling the growth of the market for heavy-duty engines.

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How Is the Heavy Duty Engines Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Heavy Duty Engines Market?
Top-level corporations involved in the heavy-duty engines market have shifted their focus towards innovative solutions such as next-gen heavy-duty engines that enhance efficiency, minimize emissions, and abide by the transforming industry standards. The term next-gen heavy-duty engines pertains to superior powertrain designs aimed at commercial vehicles, which optimize fuel efficiency, reduce emissions, and boost performance via groundbreaking technologies and materials. For illustration, Cummins, a leading American company specializing in the design, manufacture, and distribution of engines, filtration processes, and power generation products, rolled out its next-gen HELM 15-liter diesel engine in March 2024. This engine is designed to comply with the U.S. EPA and CARB 2027 standards and features a fuel-agnostic platform, an innovation that allows it to operate with different fuel types, such as biodiesel blends and renewable diesel, improving efficiency and environmental sustainability at the same time. The HELM platform is set to conform to future emission standards without needing major architectural modifications, establishing it as a significant advancement in enhancing performance and decreasing the environmental footprint of heavy-duty engines.

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Who Are the Leading Companies Driving Growth in the Heavy Duty Engines Market?
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 Is the Leading Region in the Global Heavy Duty Engines Market?
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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