Heavy Duty Engines Market Analysis

Heavy Duty Engines Market Analysis

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.

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.

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 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.