Heavy Duty Engines Market Report 2025

The heavy duty engines market size has grown strongly in recent years. It will grow from $52.14 billion in 2024 to $55.59 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to infrastructure and construction growth, emission regulations compliance, demand for fuel efficiency, globalization of trade and transportation, rise in vehicle sizes and capacities.

The heavy duty engines market size is expected to see strong growth in the next few years. It will grow to $75.22 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to demand for advanced materials, government incentives and support, focus on durability and reliability, shift to alternative fuels, globalization of trade and transport. Major trends in the forecast period include electrification of powertrains, efficiency enhancements in combustion engines, adoption of hybrid technologies, advancements in engine management systems, focus on sustainable fuels.

The heavy-duty engines market is poised for growth due to the expanding construction industry. Construction, encompassing residential, institutional, commercial buildings, and specialized industrial construction, requires heavy-duty engines for tasks such as preparing concrete mixes and carrying significant loads. The Make in India initiative projects the Indian construction and real estate sector to reach USD 1 trillion by 2030, with its contribution to India's GDP expected to reach 13% by 2025. The thriving construction industry is a key driver propelling the growth of the heavy-duty engines market.

The expanding mining industry is anticipated to drive the growth of the heavy-duty engines market in the coming years. The mining industry involves the extraction, processing, and production of minerals, metals, and other geological resources for various industrial applications. Heavy-duty engines are essential for powering the large machinery and equipment used in the excavation, transportation, and processing of these minerals and resources. For instance, in October 2023, the Energy Information Administration, a US-based government agency, reported that the total productive capacity of U.S. coal mines reached 872 million short tons (MMst) in 2022, representing a 0.1% increase from 2021. Thus, the growth of the mining industry is fueling the expansion of the heavy-duty engines market.

Major players in the heavy-duty engines market are concentrating on innovative solutions like next-generation heavy-duty engines to enhance efficiency, lower emissions, and comply with changing industry standards. Next-generation heavy-duty engines are advanced powertrains created for commercial vehicles that boost fuel efficiency, cut emissions, and improve performance through cutting-edge technologies and materials. For example, in March 2024, Cummins, a US-based company that designs, manufactures, and distributes engines, filtration systems, and power generation products, introduced its next-generation HELM 15-liter diesel engine, which meets U.S. EPA and CARB 2027 regulations. This engine features a fuel-agnostic platform that enables it to run on various fuel types, including biodiesel blends and renewable diesel, thereby enhancing both efficiency and environmental sustainability. The HELM platform is expected to comply with future emissions standards without requiring significant architectural modifications, representing a key advancement in improving performance and reducing the environmental footprint of heavy-duty engines.

Major companies in the heavy-duty engines market are prioritizing advanced solutions, such as zero-carbon emissions solutions, to gain a competitive edge. Zero-carbon emissions solutions aim to eliminate or offset the release of carbon dioxide and other greenhouse gases into the atmosphere. In March 2023, JCB, a US-based construction and agricultural equipment manufacturer, launched a hydrogen combustion engine. This innovative zero-carbon emissions solution has the potential to revolutionize the construction equipment sector and contribute to a greener future. The hydrogen combustion engine powers prototype versions of JCB's backhoe loader and Loadall telescopic handler, emitting only steam and resulting in zero CO2 emissions at the point of use.

In August 2022, Cummins Inc., a US-based multinational corporation, acquired Meritor Inc. for around $3.7 billion. This strategic acquisition is intended to bolster Cummins' ability to offer integrated powertrain solutions, encompassing both internal combustion and electric power applications, as the company aims to provide advanced decarbonized solutions. Meritor Inc. is a U.S.-based manufacturing company that specializes in heavy-duty engines.

Major companies operating in the heavy duty engines market include Daimler AG, Mercedes-Benz, Caterpillar Inc., Deere & Company, Volvo Trucks Corporation, Mitsubishi Heavy Industries, PACCAR, Cummins Inc., Weichai Power Co. Ltd., Komatsu Ltd., Isuzu Motors Ltd., Kubota Corporation, Scania AB, MAN SE, Liebherr Group, Hino Motors Ltd., AGCO Corporation, YANMAR HOLDINGS CO. LTD., Navistar Inc., Wärtsilä Oyj Abp, Ashok Leyland Ltd., Rolls-Royce Power Systems AG, China Yuchai International Limited, Deutz AG, Doosan Infracore, Kirloskar Group, Perkins Engines Company Limited, J.C. Bamford Excavators Limited.

Asia-Pacific was the largest region in the heavy duty engines market in 2024. The regions covered in the heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heavy duty engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Heavy-duty engines refer to engines used in heavy-duty vehicles with a gross vehicle weight of 10,000 pounds or more. These engines power heavy-duty vehicles in sectors such as marine, locomotive, mechanical drive applications, and electrical power generation.

The primary types of heavy-duty engines are class 7 and class 8 vehicles. Class 7 heavy-duty engines are vehicles designed to carry heavy loads, usually with three or more axles and a gross vehicle weight rating between 26,001 pounds and 33,000 pounds. Commonly used class 7 vehicles include garbage trucks, city transit buses, and street sweepers. Various horsepower categories include below 400hp, 400hp-500hp, 500hp-600hp, and above 600hp. They are employed across diverse end-users in agriculture, mining, construction, transportation and logistics, and other sectors.

The heavy-duty engines market research report is one of a series of new reports that provides heavy duty engines market statistics, including heavy duty engines industry global market size, regional shares, competitors with a heavy duty engines market share, detailed heavy duty engines market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty engines industry. This heavy duty engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The heavy duty engines market consists of sales of semi-truck engines and heavy duty diesel truck engines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.