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Heavy Duty Engines Market Share

  • Report ID: GMI5134
  • Published Date: Oct 2021
  • Report Format: PDF
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Heavy Duty Engines Market Share

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
  • Cummin,
  • Detroit Diesel
  • Hino
  • Navistar
  • Mack
  • Mercedes-Benz
  • PACCAR
  • Volvo Truck
Authors: Avinash Singh, Sunita Singh

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.

Heavy Duty Engines Market Scope

  • Heavy Duty Engines Market Size
  • Heavy Duty Engines Market Analysis
  • Heavy Duty Engines Market Share

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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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