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

Global Heavy Duty Engines Market Overview

Heavy Duty Engines Market Size was valued at USD 23.07 billion in 2023. The Heavy Duty Engines Market industry is projected to grow from USD 32.66 billion in 2024 to USD 71.62 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.39% during the forecast period (2024 - 2032).  

A heavy-duty engine is an internal combustion engine (ICE) designed to power large, heavy vehicles or equipment. Typical applications for these engines include heavy-duty trucks, buses, construction equipment, and agricultural apparatus. They are designed to be more durable and long-lasting to withstand the demanding conditions of heavy use; they are larger and more powerful than engines found in passenger vehicles. 

Heavy-duty engine market is also rapidly growing worldwide, with demand for commercial vehicles and machinery in construction, mining including, transportation. While technological advancements are enhancing engine efficiency and environmental performance, the government is still required to meet strict emissions standards. A focus on improving fuel efficiency and performance is fueling demand as operators seek to reduce costs and increase productivity. In addition, infrastructure growth and urbanization in emerging economies are driving investments in heavy machinery. These factors contribute to the strong growth of the Heavy-duty engine market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Heavy Duty Engines Market Trends

INCREASING DEMAND FOR COMMERCIAL VEHICLES AND HEAVY MACHINERY, PARTICULARLY IN EMERGING ECONOMIES FOR INFRASTRUCTURE DEVELOPMENT AND INDUSTRIAL GROWTH

The heavy-duty engine market is experiencing strong growth due to the increasing demand for commercial vehicles and heavy equipment, especially in emerging economies. This increase was mainly due to large investments in infrastructure development and rapid industrial growth in the region. Emerging economies such as China, India, Brazil and many Southeast Asian countries are focusing on expanding and modernizing their infrastructure to support economic development. Large-scale projects involving the construction of roads, bridges, airports and ports require robust and reliable machines, increasing the demand for strong and durable machines that can perform in extreme situations.

The market benefits from the expansion of industrial activity in these markets. The expansion of construction, manufacturing, mining, and other industries requires the use of equipment and heavy machinery powered by heavy-duty engines. For example, the mining sector needs powerful loaders, trucks, and excavators to operate efficiently. Similarly, in the manufacturing sector, machines and large machines are essential to run large production processes. As these economies continue to progress, they become dependent on such machines and therefore increase the number of more and more heavy-duty engines. The market is being pushed by technological advancements in engine design and performance. The introduction of new technologies to improve fuel efficiency, engine durability and emissions reduction is attracting more consumers. These advancements attract cost-conscious consumers who seek long-term reliability and performance while meeting regulatory requirements.

Furthermore, the development of hybrid and electrified powertrains represents another promising avenue for enhancing engine efficiency. Hybrid systems that combine traditional internal combustion engines with electric motors can significantly reduce fuel consumption and emissions, especially in stop-and-go driving conditions. Additionally, the advancements in battery technology and energy management systems are paving the way for more efficient and practical hybrid and electric heavy-duty vehicles, offering a viable alternative to conventional diesel engines.

In summary, the increasing demand for commercial vehicles and heavy machinery in emerging economies, driven by infrastructure development, industrial growth, urbanization, agricultural mechanization, and technological advancements, is significantly propelling the heavy-duty engine market. As these trends continue, the market is expected to expand further, offering substantial opportunities for manufacturers and suppliers of heavy-duty engines.

Heavy Duty Engines Market Segment Insights

Heavy Duty Engines by Vehicle Class Insights

The Heavy Duty Engines Market segmentation, based on the Vehicle Class, the Heavy Duty Engines Market has been bifurcated into Class 8 and Class 7. In 2022, the Class 8 segment drove the Heavy Duty Engines Market by holding a substantial market share. It is projected to register a CAGR of 5.52% during the projected timeframe. Class 8 heavy-duty engines are mostly used in vehicles, which are used by commercial and logistics industries because they make the work easier. These engines help in the efficient running of large trucks, like dump trucks, tractor-trailers, and other vehicles requiring significant hauling capabilities. Additionally, they are employed in construction and mining operations, powering equipment that handles heavy materials and any kind of terrain. The advantages of Class 8 engines are that they help in transporting heavy weight goods for long distances, without breakdown. They are designed to withstand high load or stress and ensure continuous operation, with consistent performance even under any environment conditions. Moreover, research and development are helping technologies to integrate into these engines which are adding on positivity and making it more efficient. Furthermore, the ability to customize and optimize these engines for specific applications ensures versatility across various industries. This adaptability, coupled with their power and efficiency, makes Class 8 heavy-duty engines a cornerstone of heavy transportation and industrial operations, driving productivity and economic growth.

Analyst Review: The global heavy-duty engine market has a niche that places it at the forefront of clean energy transition. It is a strong market, underpinning rapid growth and an innovation wave. With increasing government support and renewed emphasis on sustainability, a sea change in heavy-duty engines is likely to transform the central energy infrastructure. In this regard, strong sector growth will serve to drive better energy efficiency and emission controls, having huge implications for environmental betterment.

Heavy Duty Engines By Horsepower Insights

Based on the Horsepower, the Heavy Duty Engines Market has been bifurcated into Below 100 HP, 400 - 500 HP, 500 - 600 HP, and Above 600 HP. In 2022, the Below 100 HP segment drove the Heavy Duty Engines Market by holding a substantial market share during the assessment period. This segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Below 400HP heavy-duty engines are low power engines and are used in vehicles which are used in agricultural, industrial, and construction applications. These engines are commonly used in equipment like loaders, tractors, excavators, and industrial generators, where they provide the necessary power for demanding tasks. Their lower horsepower compared to larger engines helps in fuel efficiency, which automatically help in reducing operating costs and environmental impact. Due to the research and development the manufactures are able to use the advanced emission control technologies that help them in reducing carbon emission in the environment and help in balancing the carbon footprint set by the government. Below 100 HP engines are normally small in size and can be adjusted in any vehicle, this makes them easier to be used in any vehicle type. Their attractive design help in improving and increasing their longevity. Moreover, advancements in technology have led to improved reducing their weight. These engines also typically offer a good balance between power and economy, making them a cost-effective choice for many businesses. In summary, below 400HP heavy-duty engines provide a combination of efficiency, reliability, and environmental benefits, making them indispensable in numerous sectors.

Heavy Duty Engines By End User Insights

Based on the End User, the Heavy Duty Engines Market has been bifurcated into Agricultural, Transportation & Logistics, Construction, Mining and Others. In 2022, the Transportation & Logistics segment drove the Heavy Duty Engines Market by holding a substantial market share during the assessment period. This segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. These engines are used or designed for large vehicles such as buses, trucks, and construction equipment. They offer advantages, which can be high power output and torque, which help in transporting goods for any distance, as per the requirement. They are built to withstand harsh or tough operating conditions, and provide durability for any distance. The feature like high fuel efficiency in these heavy-duty engines helps in cost saving and lower environmental impact. Advanced technologies enhance engine performance and is helpful in meeting stringent emissions standards. Moreover, heavy-duty engines support diverse fuel types and offers flexibility in fuel choices. Their adaptability in different terrains and climates ensures reliable performance across different geographic regions.

Heavy Duty Engines Regional Insights

Based on Region, the Heavy Duty Engines market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific Heavy Duty Engines market held the maximum market share and is also expected to account for the significant revenue share during the forecast period. Heavy-duty engines are crucial because of the inclination and shifting towards the rapid industrialization and economic growth in the emerging countries in the region. These engines are known for their high power and increasing efficiency, which are essential for operating large machinery and vehicles which are important for infrastructure development and resource extraction. The region's diverse and often changing terrain requires robust engines capable of handling extreme conditions and heavy loads. Additionally, the expansion of urban areas and industrial zones further fuels the need for reliable heavy-duty engines to support logistics and supply chains. The region's focus on infrastructure development help in making use of these engines, as these engines are vital for successfully completing large-scale projects. Economic policies and investments in infrastructure by governments in Asia-Pacific amplify the need for heavy-duty engines, making them a key component in the ongoing growth and modernization of the region's industries.

Heavy Duty Engines Key Market Players & Competitive Insights

The competitive landscape of the Heavy-Duty Engines market is influenced by several key players who offer products for various applications. Major market participants, including Cummins Inc., Detroit Diesel Corporation (Daimler Truck AG), AB Volvo, Steyr Motors, Marc Trucks (Volvo), Rolls-Royce plc, Perkins Engines Company Limited, Komatsu Ltd., Weichai, Mitsubishi Heavy Industries, LTD. and Woodward, INC., are dedicated to enhancing product capabilities to uphold their brand position. These companies compete based on product quality, innovation, price, customer service, and market share. Companies also engage in various strategic initiatives, such as mergers and acquisitions, new product launches, partnerships, joint ventures, and expansions, to enhance their market position and expand their product portfolio. Companies are also focusing on developing new and innovative products that meet the specific needs of their customers. There are two main factors which are driving the demand for heavy duty engines: increasing demand for commercial vehicles and heavy machinery, particularly in emerging economies for infrastructure development and industrial growth and increase in advancement for increasing the engine efficiency. Despite the challenges, there are several factors that are driving growth in the Heavy-Duty Engines Market. These include an increasing number of vehicle and machines which require heavy duty engines to carry out the work. The Heavy-Duty Engines Market is expected to witness significant growth in the coming years, because of rise in vehicle and their different usage.

Cummins Inc: Cummins Inc., a global power solutions leader, comprises five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products.

AB Volvo: The Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. Every day their customers use their products and services to transport, deliver, build, and ferry goods, objects and people around the world. Its products and services help to put food on our tables, carry people to work or school, build roads, keep our cities clean and much, much more, effectively helping to meet the growing demands of the world. The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. The company has production in 18 countries.

Key Companies in the Heavy Duty Engines Market includes.

• Cummins Inc.


• Detroit Diesel Corporation (Daimler Truck AG)


• AB Volvo


• Steyr Motors


• Marc Trucks (Volvo)


• Rolls-Royce plc


• Perkins Engines Company Limited


• Komatsu Ltd.


• Weichai


• Mitsubishi Heavy Industries, LTD.


• Woodward, INC

Heavy Duty Engines Market Segmentation

Heavy Duty Engines Vehicle Class Outlook

• Class 8


• Class 7

Heavy Duty Engines Horsepower Outlook

• Below 100 HP


• 400 - 500 HP


• 500 - 600 HP


• Above 600 HP

Heavy Duty Engines End User Outlook

• Agricultural


• Transportation & Logistics


• Construction


• Mining


• Others

Heavy Duty Engines Regional Outlook

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  North America

  
  


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  US

  
  


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  Canada

  
  


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  Mexico

  
  
  
  
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    Europe

    
    
  
  
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    Germany

    
    
  
  
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    UK

    
    
  
  
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    France

    
    
  
  
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    Spain

    
    
  
  
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    Italy

    
    
  
  
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    Russia

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Latin America

  
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  


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  Middle East & Africa

  
  
  
  
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    GCC Countries

    
    
  
  
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    South Africa

    
    
  
  
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    Rest of Middle East & Africa