The global truck engine market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growth is attributed owing to the increase in development and launch of new technology truck engines that incorporate state-of-the-art features such as improved fuel efficiency, reduced emissions, and enhanced performance capabilities. These engines offer increased reliability, durability, and power output by harnessing the power of cutting-edge technologies like hybrid systems, electric powertrains, and advanced engine management systems. The introduction of these advanced truck engines has not only addressed environmental concerns but also provided cost-effective solutions for truck operators, making their operations more economical and sustainable. The market growth has been fueled by the increased adoption of these new technology truck engines by fleet owners and truck manufacturers, as they strive to meet stringent regulatory standards, optimize fuel consumption, and improve overall operational efficiency. As a result, the truck engine market is experiencing significant expansion, and it is expected to continue thriving as new and innovative technologies continue to revolutionize the trucking industry. For instance,
- In October 2022, John Deere Power Systems (JDPS) showcase its latest products, including next-generation engines, alternative fuels strategy, electric drivetrain, and battery advancements, at bauma 2022.
- In June 2022, Cummins Inc. and Komatsu Ltd. collaborated for the development of zero-emissions haulage equipment, initially focusing on zero -emissions power technologies including hydrogen fuel cell solutions for large mining haul truck applications. The collaboration builds on a legacy of diesel engine partnership across a wide variety of mining and construction equipment. The collaboration aims to reduce the environmental impact of mining and construction industries by developing zero-emissions haulage equipment, which will help to reduce greenhouse gas emissions and improve air quality.
To Request a Sample of our Report on Truck Engines Market: https://www.omrglobal.com/request-sample/truck-engines-market
Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Includes Cummins Inc., Caterpillar, Mercedes-Benz Group AG, Volvo Group, and PACCAR Inc. and others.
A full Report of Truck Engines Market is Available @ https://www.omrglobal.com/industry-reports/truck-engines-market
Truck Engine Market Report Segment
By Type
- Diesel Engine
- Gasoline Engine
By Application
- Construction
- Mining
- Transport
- Others (Waste Management, Emergency Services)
Truck Engine Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/truck-engines-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
