The Heavy Duty Engines Market size was valued at USD 3.73 Billion in 2024 and the total revenue is expected to grow at CAGR 5.5 % from 2025 to 2032, reaching nearly USD 5.72 Billion. The markets revenue is expected to be driven by a strong demand for heavy duty trucks for logistics and construction applications across the world. Owing to trade restrictions and disruptions in the transportation industry and supply chains, the COVID-19 pandemic served as a significant pressure on the heavy duty engines market in 2022, resulting in a decline in demand due to lockdowns enforced by various countries throughout the world. The market for heavy duty engines in Asia Pacific is expected to grow at a pace of about 6% during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Heavy Duty Engines Market Dynamics
The need for heavy duty engines is being driven by investments in infrastructure growth and critical fuel station installations, which are supporting freight movements. The use of advanced technology in heavy-duty vehicle production, such as the Advanced Driver Assistance System (ADAS), is attracting a growing number of customers. The benefits of such technology, including as timely warnings and peripheral object identification using IoT sensors, are attracting a growing number of heavy-duty vehicle customers. The strong demand for trucks with ADAS, fueled by a huge number of incidents involving such vehicles, is driving the growth of the market during the forecast period (2025-2032). Global building and construction investment is increasing, which is helping to drive up product consumption. One of the major factors propelling the market is the industry's drive toward energy-efficient structures. For example, global investment on energy-efficient buildings increased by 3% in 2022 compared to the 2022 reaching USD 152 billion. Additionally, the government's and industries increased efforts to decarbonize buildings are expected to create attractive market opportunities during the forecast period. Heavy-duty vehicle makers and end-users, on the other hand, are concerned about excessive fuel consumption and efficiency. Furthermore, the ongoing COVID-19 epidemic has affected the industrial supply chain, impeding the growth of the heavy duty engines market.Heavy Duty Engines Market Segmentation Analysis
By Vehicle Class, in 2024, the class 7 segment accounted for more than 20% of total volume. Due to a variety of characteristics, including as mobility, low weight, and improved fuel efficiency, class 7 vehicles are becoming more popular. The widespread use of these cars for day-to-day mobility is fuelling market demand even further. In addition, manufacturers are focusing on offering technologically integrated class 7 trucks with advanced features to meet the needs of diverse industries. Mack Trucks, Inc., for example, launched its medium-duty Mack MD7 model in 2022, which included the company's fuel economy, safety, and uptime technologies. The segment of class 8 engines is expected to grow at a 5.8 percent CAGR through 2032. Because of their characteristics, class 8 heavy duty engines are likely to see widespread use in transportation trucks, agricultural vehicles, and construction vehicles, propelling market growth. Class 8 engine heavy trucks are used to transport big cargo; as a result, these vehicles demand considerable torque at moderate speeds. Because Class 8 engines provide more torque than Class 7 engines, they are ideal for heavy-duty vehicles. By Horsepower, the market for heavy duty engines with 500 to 600 horsepower is expected to increase steadily during the forecast period. The market is expected to increase due to rising demand for these engines in vehicles. For heavy-duty vehicles, considerations like weight, aerodynamics, and fuel efficiency are increasingly important as the horsepower of the engine increases. The market for heavy duty engines with less than 400 horsepower is expected to grow at a 3.5% CAGR during the forecast period. The market's major growth enabling factors are the engines' excellent fuel economy and low weight. Furthermore, the increased capacity of engines with horsepower sub 400 to transport large loads at a cheap cost is propelling product penetration.Heavy Duty Engines Market Regional Insight
The market for heavy duty engines in Asia Pacific is expected to grow at a pace of about 6% during the forecast period. The fastest economic growth in 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. Because of the existence of major heavy-duty vehicle manufacturers such as Kenworth International, Freightliner, Volvo, Peterbilt, and Mack, North America is expected to see significant growth. North America relies on heavy-duty trucks to deliver over 60% of its freight, which is expected to increase demand. By 2032, the market for heavy-duty engines in North America is expected to be worth more than USD 14.5 billion. The freight operations in the region are likely to exhibit a positive growth during the forecast period.Report Objectives:
Landscape analysis of the Heavy Duty Engines Market Competitor benchmarking Past and current status of the industry with the forecasted market size and trends Evaluation of potential key players that include market leaders, followers, and new entrants Technology trends Potential impact of micro-economic factors of the market External and Internal factors affecting market have been analyzed The report also helps in understanding the Market dynamics, structure by analyzing the market segments and project the Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.Heavy Duty Engines Market Scope: Inquire before buying
Heavy Duty Engines Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 3.73 Bn. Forecast Period 2025 to 2032 CAGR: 5.5% Market Size in 2032: USD 5.72 Bn. Segments Covered: by Vehicle Class Class 7 Class 8 Surface Haul Truck Articulated Dump Trucks Others by Horsepower Below 400HP 400HP – 500HP 500HP – 600HP Above 600HP by End Use Industry Mining Construction Agriculture Transportation & Logistics Others Heavy Duty Engines Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Heavy Duty Engines Market, Key Players
1. Caterpillar Inc. 2. Cummins Inc. 3. Volvo Group 4. Komatsu Ltd. 5. PACCAR (Kenworth, Peterbilt) 6. Detroit Diesel 7. Mack Trucks 8. Mercedes-Benz 9. Navistar 10. Isuzu Motors Ltd. 11. Hino Motors Ltd. 12. International Motors, LLC 13. Perkins Engines Company Limited 14. Weichai Power Co. Ltd. 15. Mitsubishi Heavy Industries, Ltd. 16. Scania AB (Volkswagen Group) 17. Rolls-Royce Power Systems AG 18. Deere & Company (John Deere) 19. Liebherr Group 20. YANMAR HOLDINGS CO. LTD. 21. Ashok Leyland Ltd. 22. Deutz AG 23. Doosan Infracore 24. Woodward, Inc. 25. China Yuchai International Limited 26. Kirloskar Group 27. MAN SE 28. Tata Motors 29. FPT Industrial (Fiat Group) 30. SINOTRUKFrequently Asked Questions:
1] What segments are covered in the Heavy Duty Engines Market report? Ans. The segments covered in the Heavy Duty Engines Market report are based on Vehicle Class, Horsepower, End-use Industry, and region 2] Which region is expected to hold the highest share of the Heavy Duty Engines Market? Ans. Asia Pacific region is expected to hold the highest share of the Heavy Duty Engines Market. 3] What is the market size of the Heavy Duty Engines Market by 2032? Ans. The market size of the Heavy Duty Engines Market by 2032 is USD 5.72 Bn. 4] What is the growth rate of the Heavy Duty Engines Market? Ans. The Global Heavy Duty Engines Market is growing at a CAGR of 5.5 % during the forecasting period 2025-2032. 5] What was the market size of the Heavy Duty Engines Market in 2024? Ans. The market size of the Heavy Duty Engines Market in 2024 was USD 3.73 Bn.
1. Heavy Duty Engines Market: Executive Summary 1.1. Executive Summary 1.1.1. Market Size (2024) & Forecast (2025-2032) 1.1.2. Market Size (Value in USD Billion) - By Segments, Regions, and Country 2. Heavy Duty Engines Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Positioning Of Key Players 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Headquarter 2.3.3. Business Portfolio 2.3.4. End-User 2.3.5. Engine Performance 2.3.6. Revenue (2024) 2.3.7. Market Share (%) 2024 2.3.8. Market Expansion Strategies 2.3.9. Geographical Presence 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 2.6. Research and Development 3. Heavy Duty Engines Market: Dynamics 3.1. Heavy Duty Engines Market Trends 3.2. Heavy Duty Engines Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Key Opinion Leader Analysis for the Heavy Duty Engines Market 4. Pricing Analysis By Region (2024) 4.1.1. Price Trends Of Heavy Duty Engines By Type,2024 4.1.2. Factors Affecting Prices Of Engines 4.1.2.1.1. Engine Horsepower 4.1.2.1.2. Emissions Compliance Level 4.1.2.1.3. Brand 4.1.2.1.4. Additional Features 5. Surface Mining And Technology Innovations 5.1. Emerging Trends In Engine Technology For Surface Haul Trucks 5.2. Hybrid And Electric Engine Solutions For Haul Trucks 5.3. Advancements In Fuel Efficiency And Emissions Control Technologies 5.4. The Role Of Digitalization In Engine Performance (Iot, AI, And Remote Monitoring) 6. Regulatory Landscape by Region 6.1. Overview Of Emission Standards And Regulations Affecting Heavy Duty Engines 6.2. Key Regulatory Bodies And Standards For Mining And Construction Engines, by Region 6.3. Impact Of Environmental Policies On Engine Development 7. Heavy Duty Engines Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 7.1. Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 7.1.1. Class 7 7.1.2. Class 8 7.1.2.1. Surface Haul Truck 7.1.2.2. Articulated Dump Trucks 7.1.2.3. Others 7.2. Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 7.2.1. Below 400HP 7.2.2. 400HP – 500HP 7.2.3. 500HP – 600HP 7.2.4. Above 600HP 7.3. Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 7.3.1. Mining 7.3.2. Construction 7.3.3. Agriculture 7.3.4. Transportation & Logistics 7.3.5. Others 7.4. Heavy Duty Engines Market Size and Forecast, By Region (2024-2032) 7.4.1. North America 7.4.2. Europe 7.4.3. Asia Pacific 7.4.4. Middle East and Africa 7.4.5. South America 8. North America Heavy-Duty Engines Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 8.1. North America Heavy-Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 8.1.1. Class 7 8.1.2. Class 8 8.1.2.1. Surface Haul Truck 8.1.2.2. Articulated Dump Trucks 8.1.2.3. Others 8.2. North America Heavy-Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 8.2.1. Below 400HP 8.2.2. 400HP – 500HP 8.2.3. 500HP – 600HP 8.2.4. Above 600HP 8.3. North America Heavy-Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 8.3.1. Mining 8.3.2. Construction 8.3.3. Agriculture 8.3.4. Transportation & Logistics 8.3.5. Others 8.4. North America Heavy-Duty Engines Market Size and Forecast, by Country (2024-2032) 8.4.1. United States 8.4.1.1. United States Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 8.4.1.1.1. Class 7 8.4.1.1.2. Class 8 8.4.1.1.2.1. Surface Haul Truck 8.4.1.1.2.2. Articulated Dump Trucks 8.4.1.1.2.3. Others 8.4.1.1.3. 8.4.1.2. United States Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 8.4.1.2.1. Below 400HP 8.4.1.2.2. 400HP – 500HP 8.4.1.2.3. 500HP – 600HP 8.4.1.2.4. Above 600HP 8.4.1.3. United States Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 8.4.1.3.1. Mining 8.4.1.3.2. Construction 8.4.1.3.3. Agriculture 8.4.1.3.4. Transportation & Logistics 8.4.1.3.5. Others 8.4.2. Canada 8.4.2.1. Canada Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 8.4.2.1.1. Class 7 8.4.2.1.2. Class 8 8.4.2.1.2.1. Surface Haul Truck 8.4.2.1.2.2. Articulated Dump Trucks 8.4.2.1.2.3. Others 8.4.2.2. Canada Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 8.4.2.2.1. Below 400HP 8.4.2.2.2. 400HP – 500HP 8.4.2.2.3. 500HP – 600HP 8.4.2.2.4. Above 600HP 8.4.2.3. Canada Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 8.4.2.3.1. Mining 8.4.2.3.2. Construction 8.4.2.3.3. Agriculture 8.4.2.3.4. Transportation & Logistics 8.4.2.3.5. Others 8.4.3. Mexico 8.4.3.1. Mexico Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 8.4.3.1.1. Class 7 8.4.3.1.2. Class 8 8.4.3.1.2.1. Surface Haul Truck 8.4.3.1.2.2. Articulated Dump Trucks 8.4.3.1.2.3. Others 8.4.3.2. Mexico Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 8.4.3.2.1. Below 400HP 8.4.3.2.2. 400HP – 500HP 8.4.3.2.3. 500HP – 600HP 8.4.3.2.4. Above 600HP 8.4.3.3. Mexico Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 8.4.3.3.1. Mining 8.4.3.3.2. Construction 8.4.3.3.3. Agriculture 8.4.3.3.4. Transportation & Logistics 8.4.3.3.5. Others 9. Europe Heavy Duty Engines Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 9.1. Europe Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 9.2. Europe Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 9.3. Europe Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 9.4. Europe Heavy Duty Engines Market Size and Forecast, By Country (2024-2032) 9.4.1. United Kingdom 9.4.2. France 9.4.3. Germany 9.4.4. Italy 9.4.5. Spain 9.4.6. Sweden 9.4.7. Russia 9.4.8. Rest of Europe 10. Asia Pacific Heavy Duty Engines Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 10.1. Asia Pacific Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 10.2. Asia Pacific Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 10.3. Asia Pacific Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 10.4. Asia Pacific Heavy Duty Engines Market Size and Forecast, by Country (2024-2032) 10.4.1. China 10.4.2. S Korea 10.4.3. Japan 10.4.4. India 10.4.5. Australia 10.4.6. Indonesia 10.4.7. Malaysia 10.4.8. Philippines 10.4.9. Thailand 10.4.10. Vietnam 10.4.11. Rest of Asia Pacific 11. Middle East and Africa Heavy-Duty Engines Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 11.1. Middle East and Africa Heavy-Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 11.2. Middle East and Africa Heavy-Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 11.3. Middle East and Africa Heavy-Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 11.4. Middle East and Africa Heavy-Duty Engines Market Size and Forecast, by Country (2024-2032) 11.4.1. South Africa 11.4.2. GCC 11.4.3. Nigeria 11.4.4. Rest of ME&A 12. South America Heavy Duty Engines Market Size and Forecast by Segmentation (by Value in USD Billion) (2024-2032) 12.1. South America Heavy Duty Engines Market Size and Forecast, By Vehicle Class (2024-2032) 12.2. South America Heavy Duty Engines Market Size and Forecast, By Horsepower (2024-2032) 12.3. South America Heavy Duty Engines Market Size and Forecast, By End Use Industry (2024-2032) 12.4. South America Heavy Duty Engines Market Size and Forecast, by Country (2024-2032) 12.4.1. Brazil 12.4.2. Argentina 12.4.3. Colombia 12.4.4. Chile 12.4.5. Rest of South America 13. Company Profile: Key Players 13.1. Caterpillar Inc. 13.1.1. Company Overview 13.1.2. Business Portfolio 13.1.3. Financial Overview 13.1.4. SWOT Analysis 13.1.5. Strategic Analysis 13.2. Cummins Inc. 13.3. Volvo Group 13.4. Komatsu Ltd. 13.5. PACCAR (Kenworth, Peterbilt) 13.6. Detroit Diesel 13.7. Mack Trucks 13.8. Mercedes-Benz 13.9. Navistar 13.10. Isuzu Motors Ltd. 13.11. Hino Motors Ltd. 13.12. International Motors, LLC 13.13. Perkins Engines Company Limited 13.14. Weichai Power Co. Ltd. 13.15. Mitsubishi Heavy Industries, Ltd. 13.16. Scania AB (Volkswagen Group) 13.17. Rolls-Royce Power Systems AG 13.18. Deere & Company (John Deere) 13.19. Liebherr Group 13.20. YANMAR HOLDINGS CO. LTD. 13.21. Ashok Leyland Ltd. 13.22. Deutz AG 13.23. Doosan Infracore 13.24. Woodward, Inc. 13.25. China Yuchai International Limited 13.26. Kirloskar Group 13.27. MAN SE 13.28. Tata Motors 13.29. FPT Industrial (Fiat Group) 13.30. SINOTRUK 14. Key Findings 15. Analyst Recommendations 16. Heavy Duty Engines Market – Research Methodology
