As per the industry analysis report titled ‘Heavy Duty Engines Market Size By Vehicle Class (Class 7, Class 8), By Horsepower (Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP), By End-user (Agriculture, Mining, Construction, Transportation & Logistics), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, the worldwide heavy duty engines market is slated to garner strong returns throughout the forecast period.

Proliferating transport demand from construction and mining industry, increase in vehicle production capacity, and rapidly expanding logistics industry are the major factors aiding heavy duty engines market growth.

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Notably, a heavy duty engine is an integral propulsion system  for heavy truck and bus. Technological advancements in the form of eco-friendly and fuel-efficient heavy-duty vehicles are uncovering new avenues for market expansion in the recent years.

Despite the positive industry outlook, stringent regulations pertaining to carbon emissions may restrict market development in the forthcoming years.

Moving on, in terms of horsepower, the above 600 HP sub-market is predicted to record a notable CAGR of 6% during the analysis timeframe.

Considering end-user scope, the mining sub-segment accounted for 10% of the overall market share and is estimated to garner strong returns through the evaluation period, creditable to escalating utilization of heavy-duty vehicle in several operations.

From a regional standpoint, Europe heavy duty engines market is anticipated to capture a significant revenue share and progress at a CAGR 5.5% throughout the study timeframe.

The competitive landscape of this domain is defined by major players who are directing their efforts towards maintaining a strong foothold in market dynamics by undertaking mergers, acquisitions and partnership deals.

For instance, in May 2021, ClearFlame Engine Technologies, a US based pioneer startup company for sootless fuel signed an agreement with Alto Ingredients, a specialty ingredients and alcohol manufacturer, with the aim of conducting a demonstration of ethanol fueled heavy duty vehicles. ClearFlame agreed to supply Class VIII truck with a 500HP heavy duty demonstration engine to Alto whereas the latter offered fleet and fuel support for real-world road testing.

Cummins Inc., Mercedez Benz Group, PACCAR Inc., Komatsu Ltd., Perkins Engines Company Ltd., Volvo Group, Kirloskar Group, Isuzu Motors Ltd., Catterpillar Inc., Mack Trucks Inc., Hino Motors Ltd., and Detroit Diesel Corporation are among the other major players influencing global heavy duty engines industry trends.