truck engines market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for heavy-duty trucks, infrastructure development projects, and expanding transportation and logistics industry. The demand for fuel-efficient engines and technological advancements in engine design are some other factors that are driving market growth.
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The global truck engines market is segmented based on its type and application. Based on type, the market is segmented into diesel engines and gasoline engines. In terms of application, the market is categorized into construction, mining, transport, and other sectors such as waste management, emergency services. Among these segments, transport sub-segment is expected to hold a prominent growth over the forecast period. This growth is attributed to the increasing global demand for transportation, emission regulations, technological advancements, and replacement demand of old engines.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Truck Engines Market by Type
- Diesel Engine
- Gasoline Engine
Global Truck Engines Market by Application
- Construction
- Mining
- Transport
- Others (Waste Management, Emergency Services)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ashok Leyland
- Baltringer Ltd. Liability Co.
- Detroit Diesel Troubleshooting Diagrams
- Deutz AG
- Doosan
- Ford Motor Company
- General Motors
- Hino Motors Ltd.
- Isuzu Motors Ltd.
- Iveco S.p.A.
- John Deere Group
- Komatsu Ltd.
- Mahindra & Mahindra Ltd.
- MAN Group
- Mitsubishi Fuso Truck and Bus Corp.
- Navistar Inc.
- Perkins Engines Company Ltd.
- Rolls-Royce Power Systems AG
- Tata Motors Passenger Vehicles Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global truck engines market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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