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Heavy Duty Engines Market Size 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) & Forecast, 2021 - 2027

  • Report ID: GMI5134
  • Published Date: Oct 2021
  • Report Format: PDF

Industry Trends

Heavy Duty Engines Market size exceeded USD 45 billion in 2020 and is estimated to grow at over 5.9% CAGR from 2021 to 2027. Developments in heavy duty engines and the increasing demand from transportation companies will provide an opportunistic growth scenario.

New diesel heavy duty engine technologies have been developed for growing demand for lower fuel consumption and reduction carbon dioxide emissions. Variable Compression Ratio (VCR) technology is the most preferred technique for increasing the power density of reciprocating engines, curtailing engine exhaust emissions, and improving fuel economy. The application of variable compression ratio technology provides advantages such as the increase of power concentration and the reduction of CO2 emissions due to optimal combustion efficiency in the entire range of engine operating conditions.

Heavy Duty Engines Market

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There is an immense demand for heavy commercial vehicles to handle freight growth which has been brought about by a COVID-19 recovering economy as well as government stimulus. Truck demand is strong as customers look to add more trucks to their fleets, but supply chain and procurement constraints are making it difficult for manufacturers to meet this demand.

Increasing costs of raw materials, such as steel & composites, and the ongoing semiconductor & component shortages are making it difficult for OEMs to produce the requested trucks. For instance, Volvo Group announced that semiconductor shortage is affecting its global business of truck production, and it will have to halt production across its manufacturing facilities. In February 2021, the U.S. government signed an executive order which aims to address this supply chain issue in the manufacturing industry.

Increasing adoption of Class 8 vehicles will boost the market revenue

The Class 8 heavy duty engines market is likely to dominate with around USD 55 billion revenue by 2027. Class 8 vehicles are the most prevalent when it comes to demolition, construction, recycling, refuse, or other intense vocations. In North America, the sales of Class 8 trucks have increased year-over-year after the 2008 recession and there were nearly 4,000 thousand Class 8 trucks in operation globally.

The primary propulsion source for the modern heavy duty engines is design constraints, including efficiency, low emissions, and durability. Strict regulations for vehicle emission in Europe and the U.S., forced truck and heavy vehicle manufacturer to follow regularity standard by improving engine efficiency and reducing emission. Developing and innovation of new technologies for Class 8 engines are boosting advancement in engine efficiency.

Rising demand for below 400HP – 500HP vehicle segment will complement the market growth

Heavy-duty Engines Market, By Horsepower

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In 2020, the 400HP – 500HP generated a demand for around 1,900 thousand units in heavy duty engines market. Engine horsepower is calculated using a dynamometer, which measures RPM and engine torque output. The higher the horsepower (HP) an engine produces, the potential of torque is higher and heavy commercial vehicles convert the horsepower into pulling or pushing extremely heavy weights.

The emerging technologies to achieve the increased efficiency include peak in-cylinder pressures and improvements to combustion from increased compression ratio. Also, a reduction in pumping losses through a low pressure drop Exhaust Gas Recirculation (EGR) loops, low-pressure drop aftertreatment systems, improved turbocharging technologies, and reduced EGR are considered. The reduction in frictional parasitic losses is attributed to the development of engine material coatings that lower friction, advanced lubricants, variable speed oil pumps, and water pumps.

Adoption of heavy duty engines by the transportation & logistics sector will enhance the industry statistics

Heavy-duty Engine Market, By End-user

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The heavy duty engines market from transportation & logistics application is set to account for more than USD 34 billion by 2027. The increasing agriculture activities across North America and Asia Pacific are expected to augment product demand. Rapid growth in the E-commerce and construction industries coupled with the utilization of heavy duty engines vehicles in agriculture projects are anticipated to spur market expansion. A rise in agriculture spending in various countries, including the U.S., Canada, India, and China, will further support industry demand.

Asia Pacific to observe significant growth

Heavy-duty Engine Market, By Region

Asia Pacific is predicted to capture over 55% of the heavy duty engines market share by 2027. The growing transportation & logistics industry in countries including China, Japan, and India is projected to drive the regional market demand. Rapid urbanization, infrastructure development, and favorable economic conditions are benefiting the automotive sector in the APAC. The increasing heavy commercial vehicle sales along with the rising number of replacements of old vehicles will fuel product sales.

Huge investments and supportive policies by governments within the region for growth will create a positive outlook for the car care products market. The Middle East & Africa is poised to register growth rate of about 5% through 2027. The presence of several transportation & logistics companies across several MEA countries is driving the regional industry statistics.

Technology innovation is one of the major strategic outlooks

The industry is consolidated with the presence of several companies operating in the global heavy duty engines market. Companies are engaging in mergers & acquisitions and strategic partnerships to provide competitive differentiation and strengthen their product portfolio. For instance, in November 2020, Navistar International Corporation and Cummins, Inc. entered into a joint venture and worked jointly on the development of hydrogen fuel cells Class 8 truck.

A high degree of competition is present in heavy duty engines industry. The key participants are involved in technology advancements & innovations to enhance the heavy duty engines features. Some of the major manufacturers include Caterpillar, Cummins, Detroit Diesel, Hino, Navistar, Mack, Mercedes-Benz, PACCAR, and Volvo Truck.

This market research report heavy duty engines includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD billion from 2017 to 2027 for the following segments:

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Market, By Vehicle Class

  • Class 7
  • Class 8

Market, By Horsepower

  • Below 400HP
  • 400HP - 500HP
  • 500HP - 600HP
  • Above 600HP

Market, By End-user

  • Agriculture
  • Transportation & Logistics
  • Construction
  • Mining
  • Others

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Iran
    • Egypt
    • South Africa


Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Heavy duty engines market surpassed USD 45 billion in 2020 and will expand at a CAGR of 5.9% between 2021 and 2027, says this GMI report.

The Class 8 heavy duty engines market is anticipated to exceed USD 55 billion through 2027 due to the increasing deployment of Class 8 vehicles in construction, demolition, recycling, and other vocations.

Asia Pacific heavy duty engines industry will generate more than 55% of the overall market revenue up to 2027 driven by the escalating transportation & logistics market in India, Japan, and China.

Leading players in the heavy duty engines market comprise Detroit Diesel, Navistar, PACCAR, Caterpillar, Volvo Truck, Cummins, Mercedes-Benz, and others.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 13
  • Tables & Figures: 227
  • Countries covered: 20
  • Pages: 200
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