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Heavy Duty Engines Market Research Report Information By Vehicle Class (Class 8 and Class 7) By Horsepower (Below 100 HP, 400 - 500 HP, 500 - 600 HP, and Above 600 HP) By End User (Agricultural, Transportation & Logistics, Construction, Mining and Others) and By Region -Global Forecast to 2032
Market Report I 2024-10-20 I 147 Pages I Market Research Future
Heavy Duty Engines Market Research Report Information By Vehicle Class (Class 8 and Class 7) By Horsepower (Below 100 HP, 400 - 500 HP, 500 - 600 HP, and Above 600 HP) By End User (Agricultural, Transportation & Logistics, Construction, Mining and Others) and By Region -Global Forecast to 2032
Overview of the Market
In 2022, the market for heavy-duty engines was estimated to be worth USD 26.7 billion. With a compound annual growth rate (CAGR) of 5.77% from 2023 to 2032, the heavy-duty engines market is expected to increase from USD 28 billion in 2023 to USD 46.2 billion by 2032.
An internal combustion engine (ICE) intended to power massive, heavy machinery or vehicles is known as a heavy-duty engine. Heavy-duty trucks, buses, construction equipment, and agricultural machinery are among the common uses for these engines. They are bigger and more potent than the engines used in passenger cars, and they are made to endure longer under the harsh circumstances of intensive use.
Due to the need for commercial vehicles and equipment in the mining, construction, and transportation industries, the heavy-duty engine market is expanding quickly on a global scale. The government must continue adhere to stringent emissions regulations even while technical developments are improving engine efficiency and environmental performance. Demand is being driven by an emphasis on enhancing fuel performance and efficiency as operators look to save expenses and boost output. Additionally, investments in heavy machinery are being driven by urbanization and the expansion of infrastructure in emerging nations. These elements support the market's robust expansion for heavy-duty engines.
Perspectives on Market Segments
The market for heavy-duty engines has been divided into two segments, Class 8 and Class 7, according to the vehicle class.
The market for heavy-duty engines has been divided into four segments based on horsepower: below 100 HP, 400-500 HP, 500-600 HP, and above 600 HP.
The market for heavy-duty engines has been divided into several segments based on the end user, including mining, construction, transportation and logistics, and agriculture.
Regional Perspectives
Geographically, the market for heavy-duty engines is divided into Latin America, Asia-Pacific, Europe, North America, and the Middle East and Africa. The market for heavy-duty engines in Asia-Pacific has the largest market share and is anticipated to generate a sizable revenue share over the course of the projected period. Given the trend toward rapid industrialization and economic expansion in the region's rising nations, heavy-duty engines are essential. Large machinery and vehicles are crucial for resource extraction and infrastructure development, and these engines are renowned for their great power and rising efficiency. Strong engines that can manage harsh weather and large loads are necessary due to the region's varied and sometimes shifting topography. Furthermore, the requirement for dependable heavy-duty engines to support supply chains and logistics is increased by the growth of metropolitan centers and industrial zones. Because these engines are essential to the effective completion of large-scale projects, the region's emphasis on infrastructure development facilitates their use.
Key Players
The following companies are major players in the market: Rolls-Royce plc, AB Volvo, Steyr Motors, Marc Trucks (Volvo), Detroit Diesel Corporation (Daimler Truck AG), Cummins Inc., Perkins Engines Company Limited, Komatsu Ltd., Weichai, Mitsubishi Heavy Industries, LTD., and Woodward, INC.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR COMMERCIAL VEHICLES AND HEAVY MACHINERY, PARTICULARLY IN EMERGING ECONOMIES FOR INFRASTRUCTURE DEVELOPMENT AND INDUSTRIAL GROWTH
4.2.2 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 STRICT GOVERNMENT REGULATION REGARDING THE EMISSION
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 INCREASE IN ADVANCEMENT FOR INCREASING THE ENGINE EFFICIENCY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
5.1.1.1 RAW MATERIAL SUPPLIERS
5.1.1.2 MANUFACTURERS
5.1.1.3 DISTRIBUTION CHANNEL
5.1.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASS
6.1 INTRODUCTION
6.2 CLASS 8
6.3 CLASS 7
7 GLOBAL HEAVY DUTY ENGINES MARKET, BY HORSEPOWER
7.1 INTRODUCTION
7.2 BELOW 90 HP
7.3 400 - 500 HP
7.4 500 - 600 HP
7.5 ABOVE 600 HP
8 GLOBAL HEAVY DUTY ENGINES MARKET, BY END USER
8.1 INTRODUCTION
8.2 AGRICULTURAL
8.3 TRANSPORTATION & LOGISTICS
8.4 CONSTRUCTION
8.5 MINING
8.6 OTHERS
9 GLOBAL HEAVY DUTY ENGINES MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 RUSSIA
9.3.5 SPAIN
9.3.6 ITALY
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 DENMARK
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 SOUTH AFRICA
9.6.2 GCC COUNTRIES
9.6.3 TURKEY
9.6.4 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPETITION DASHBOARD
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL PRESENCE
10.2.3 STRATEGIC ALLIANCE
10.2.4 INDUSTRY EXPERIENCE
10.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
11 COMPANY PROFILES
11.1 CUMMINS INC.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG)
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 AB VOLVO
11.3.1 COMPANY OVERVIEW
11.3.2 PRODUCTS OFFERED
11.3.3 KEY DEVELOPMENTS
11.3.4 KEY STRATEGY
11.4 STEYR MOTORS
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 MACK TRUCKS
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS 117
11.5.6 KEY STRATEGY
11.6 ROLLS-ROYCE PLC
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 PERKINS ENGINES COMPANY LIMITED
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGY
11.8 KOMATSU LTD
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGY
11.9 WEICHAI
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGY
11.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGY
11.11 RELATED REPORTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR COMMERCIAL VEHICLES AND HEAVY MACHINERY, PARTICULARLY IN EMERGING ECONOMIES FOR INFRASTRUCTURE DEVELOPMENT AND INDUSTRIAL GROWTH
4.2.2 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 STRICT GOVERNMENT REGULATION REGARDING THE EMISSION
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 INCREASE IN ADVANCEMENT FOR INCREASING THE ENGINE EFFICIENCY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 PARTICIPANTS (AT DIFFERENT NODES)
5.1.1.1 RAW MATERIAL SUPPLIERS
5.1.1.2 MANUFACTURERS
5.1.1.3 DISTRIBUTION CHANNEL
5.1.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASS
6.1 INTRODUCTION
6.2 CLASS 8
6.3 CLASS 7
7 GLOBAL HEAVY DUTY ENGINES MARKET, BY HORSEPOWER
7.1 INTRODUCTION
7.2 BELOW 90 HP
7.3 400 - 500 HP
7.4 500 - 600 HP
7.5 ABOVE 600 HP
8 GLOBAL HEAVY DUTY ENGINES MARKET, BY END USER
8.1 INTRODUCTION
8.2 AGRICULTURAL
8.3 TRANSPORTATION & LOGISTICS
8.4 CONSTRUCTION
8.5 MINING
8.6 OTHERS
9 GLOBAL HEAVY DUTY ENGINES MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 RUSSIA
9.3.5 SPAIN
9.3.6 ITALY
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 DENMARK
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 SOUTH AFRICA
9.6.2 GCC COUNTRIES
9.6.3 TURKEY
9.6.4 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPETITION DASHBOARD
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL PRESENCE
10.2.3 STRATEGIC ALLIANCE
10.2.4 INDUSTRY EXPERIENCE
10.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
11 COMPANY PROFILES
11.1 CUMMINS INC.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG)
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 AB VOLVO
11.3.1 COMPANY OVERVIEW
11.3.2 PRODUCTS OFFERED
11.3.3 KEY DEVELOPMENTS
11.3.4 KEY STRATEGY
11.4 STEYR MOTORS
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 MACK TRUCKS
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS 117
11.5.6 KEY STRATEGY
11.6 ROLLS-ROYCE PLC
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 PERKINS ENGINES COMPANY LIMITED
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGY
11.8 KOMATSU LTD
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGY
11.9 WEICHAI
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGY
11.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGY
11.11 RELATED REPORTS
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 41
TABLE 2 GOVERNMENT POLICIES 49
TABLE 3 GLOBAL HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 57
TABLE 4 GLOBAL HEAVY DUTY ENGINES MARKET, VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 59
TABLE 5 GLOBAL HEAVY DUTY ENGINES MARKET, VALUE, BY END USER, 2018-2032 (USD BILLION) 62
TABLE 6 GLOBAL HEAVY DUTY ENGINES MARKET VALUE, BY REGION, 2018-2032 (USD BILLION) 65
TABLE 7 NORTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY COUNTRY, 2018-2032 (USD BILLION) 66
TABLE 8 NORTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 66
TABLE 9 NORTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 66
TABLE 10 NORTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 67
TABLE 11 US: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 67
TABLE 12 US: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 67
TABLE 13 US: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 68
TABLE 14 CANADA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 68
TABLE 15 CANADA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 68
TABLE 16 CANADA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 68
TABLE 17 MEXICO: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 69
TABLE 18 MEXICO: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 69
TABLE 19 MEXICO: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 70
TABLE 20 EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY COUNTRY, 2018-2032 (USD BILLION) 70
TABLE 21 EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 70
TABLE 22 EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 71
TABLE 23 EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 71
TABLE 24 GERMANY: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 71
TABLE 25 GERMANY: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 72
TABLE 26 GERMANY: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 72
TABLE 27 FRANCE: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 72
TABLE 28 FRANCE: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 72
TABLE 29 FRANCE: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 73
TABLE 30 UK: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 73
TABLE 31 UK: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 73
TABLE 32 UK: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 74
TABLE 33 SPAIN: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 74
TABLE 34 SPAIN: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 74
TABLE 35 SPAIN: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 75
TABLE 36 ITALY: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 75
TABLE 37 ITALY: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 75
TABLE 38 ITALY: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 76
TABLE 39 REST OF EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 76
TABLE 40 REST OF EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 76
TABLE 41 REST OF EUROPE: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 76
TABLE 42 ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY COUNTRY, 2018-2032 (USD BILLION) 77
TABLE 43 ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 77
TABLE 44 ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 78
TABLE 45 ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 78
TABLE 46 CHINA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 78
TABLE 47 CHINA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 78
TABLE 48 CHINA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 79
TABLE 49 INDIA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 79
TABLE 50 INDIA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 79
TABLE 51 INDIA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 80
TABLE 52 JAPAN: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 80
TABLE 53 JAPAN: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 80
TABLE 54 JAPAN: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 81
TABLE 55 SOUTH KOREA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 81
TABLE 56 SOUTH KOREA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 81
TABLE 57 SOUTH KOREA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 82
TABLE 58 REST OF ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 82
TABLE 59 REST OF ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 82
TABLE 60 REST OF ASIA-PACIFIC: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 82
TABLE 61 MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY COUNTRY, 2018-2032 (USD BILLION) 83
TABLE 62 MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 83
TABLE 63 MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 84
TABLE 64 MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 84
TABLE 65 SAUDI ARABIA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 84
TABLE 66 SAUDI ARABIA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 85
TABLE 67 SAUDI ARABIA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 85
TABLE 68 UAE: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 85
TABLE 69 UAE: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 85
TABLE 70 UAE : HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 86
TABLE 71 SOUTH AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 86
TABLE 72 SOUTH AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 86
TABLE 73 SOUTH AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 87
TABLE 74 REST OF MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 87
TABLE 75 REST OF MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 87
TABLE 76 REST OF MIDDLE EAST & AFRICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 88
TABLE 77 SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY COUNTRY, 2018-2032 (USD BILLION) 88
TABLE 78 SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 88
TABLE 79 SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 89
TABLE 80 SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 89
TABLE 81 BRAZIL: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 89
TABLE 82 BRAZIL: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 90
TABLE 83 BRAZIL: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 90
TABLE 84 ARGENTINA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 90
TABLE 85 ARGENTINA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 90
TABLE 86 ARGENTINA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 91
TABLE 87 REST OF SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY VEHICLE CLASS, 2018-2032 (USD BILLION) 91
TABLE 88 REST OF SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2018-2032 (USD BILLION) 91
TABLE 89 REST OF SOUTH AMERICA: HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2018-2032 (USD BILLION) 92
TABLE 90 COMPETITION DASHBOARD: HEAVY DUTY ENGINES MARKET 93
TABLE 91 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE HEAVY-DUTY ENGINES MARKET 97
TABLE 92 LIST OF KEY PLAYERS, BY REGION 97
TABLE 93 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT 99
TABLE 94 AGREEMENT 100
TABLE 95 ANNOUNCEMENT 101
TABLE 96 CUMMINS INC., PRODUCTS OFFERED 104
TABLE 97 CUMMINS: KEY DEVELOPMENTS 105
TABLE 98 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG): PRODUCTS OFFERED 109
TABLE 99 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG): KEY DEVELOPMENT 109
TABLE 100 AB VOLVO: PRODUCTS OFFERED 113
TABLE 101 AB VOLVO: KEY DEVELOPMENTS 113
TABLE 102 STEYR MOTORS: PRODUCTS OFFERED 116
TABLE 103 MARC TRUCKS: PRODUCTS OFFERED 119
TABLE 104 ROLLS-ROYCE PLC: PRODUCTS OFFERED 122
TABLE 105 ROLLS-ROYCE PLC: KEY DEVELOPMENTS 123
TABLE 106 PERKINS ENGINES COMPANY LIMITED: PRODUCTS OFFERED 125
TABLE 107 PERKINS ENGINES COMPANY LIMITED: KEY DEVELOPMENTS 126
TABLE 108 KOMATSU LTD.: PRODUCTS OFFERED 129
TABLE 109 KOMATSU LTD.: KEY DEVELOPMENTS 130
TABLE 110 WEICHAI: PRODUCTS OFFERED 133
TABLE 111 WEICHAI: KEY DEVELOPMENTS 134
TABLE 112 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED 137
TABLE 113 MITSUBISHI HEAVY INDUSTRIES, LTD: KEY DEVELOPMENTS 138
TABLE 114 WOODWARD, INC.: PRODUCTS OFFERED 142
TABLE 115 WOODWARD, INC.: KEY DEVELOPMENTS 143
LIST OF FIGURES
FIGURE 1 DISTRIBUTION OF CARBON DIOXIDE EMISSIONS PRODUCED BY THE TRANSPORTATION SECTOR WORLDWIDE IN 2022, BY SUB SECTOR 19
FIGURE 2 GLOBAL HEAVY DUTY ENGINE MARKET (BY REGION), 2023 21
FIGURE 3 GLOBAL BIO-BASED PROPYLENE GLYCOL MARKET SNAPSHOT, 2023 22
FIGURE 4 GLOBAL HEAVY DUTY ENGINE MARKET: STRUCTURE 27
FIGURE 5 GLOBAL HEAVY DUTY ENGINES MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032)
FIGURE 6 GLOBAL HEAVY DUTY ENGINE MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032) 45
FIGURE 7 DRIVER IMPACT ANALYSIS (2024-2032) 47
FIGURE 8 CHALLENGE IMPACT ANALYSIS (2024-2032) 48
FIGURE 9 SUPPLY CHAIN: GLOBAL HEAVY DUTY ENGINE MARKET 52
FIGURE 10 PORTER'S FIVE FORCES MODEL: GLOBAL BUSBAR MARKET SIZE 54
FIGURE 11 GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASS, SEGMENT ANALYSIS 57
FIGURE 12 GLOBAL HEAVY DUTY ENGINES MARKET, BY VEHICLE CLASSS, 2023 (VALUE % SHARE) 58
FIGURE 13 GLOBAL HEAVY DUTY ENGINES MARKET, BY HORSEPOWER, SEGMENT ANALYSIS 59
FIGURE 14 GLOBAL HEAVY DUTY ENGINES MARKET VALUE, BY HORSEPOWER, 2023 (% SHARE) 60
FIGURE 15 GLOBAL HEAVY DUTY ENGINES MARKET, BY END USER, SEGMENT ANALYSIS 62
FIGURE 16 GLOBAL HEAVY DUTY ENGINES MARKET VALUE, BY END USER, 2023 (% SHARE) 63
FIGURE 17 GLOBAL HEAVY DUTY ENGINES MARKET VALUE, BY REGION, 2023 (% SHARE) 65
FIGURE 18 HEAVY DUTY ENGINES MAJOR PLAYERS MARKET SHARE ANALYSIS, 2023 (%) 94
FIGURE 19 BENCHMARKING OF MAJOR COMPETITORS 96
FIGURE 20 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 98
FIGURE 21 CUMMINS INC., FINANCIAL OVERVIEW SNAPSHOT 104
FIGURE 22 CUMMINS: SWOT ANALYSIS 106
FIGURE 23 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG): FINANCIAL OVERVIEW SNAPSHOT 108
FIGURE 24 DETROIT DIESEL CORPORATION (DAIMLER TRUCK AG): SWOT ANALYSIS 110
FIGURE 25 AB VOLVO: FINANCIAL OVERVIEW SNAPSHOT 112
FIGURE 26 AB VOLVO: SWOT ANALYSIS 114
FIGURE 27 STEYR MOTORS: SWOT ANALYSIS 117
FIGURE 28 MARC TRUCKS (VOLVO): FINANCIAL OVERVIEW SNAPSHOT 119
FIGURE 29 MARC TRUCKS: SWOT ANALYSIS 120
FIGURE 30 ROLLS-ROYCE PLC: FINANCIAL OVERVIEW SNAPSHOT 122
FIGURE 31 ROLLS-ROYCE PLC: SWOT ANALYSIS 124
FIGURE 32 PERKINS ENGINES COMPANY LIMITED: SWOT ANALYSIS 127
FIGURE 33 KOMATSU LTD.: FINANCIAL OVERVIEW SNAPSHOT 128
FIGURE 34 KOMATSU LTD.: SWOT ANALYSIS 131
FIGURE 35 WEICHAI: FINANCIAL OVERVIEW SNAPSHOT 133
FIGURE 36 WEICHAI: SWOT ANALYSIS 135
FIGURE 37 MITSUBISHI HEAVY INDUSTRIES, LTD.: FINANCIAL OVERVIEW SNAPSHOT 136
FIGURE 38 MITSUBISHI HEAVY INDUSTRIES, LTD.: ANALYSIS 139
FIGURE 39 WOODWARD, INC.: FINANCIAL OVERVIEW SNAPSHOT 142
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