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. For instance,
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Among the type, the diesel engine type is expected to hold a significant market share, driven by its higher torque and fuel efficiency, which are essential for heavy-duty applications. Diesel engine manufacturers including Cummins Inc., Caterpillar, and Volvo, among others are continuously investing in various R&D activities to improve engine performance, reduce emissions, and comply with more stringent regulations. For instance, in February 2023, Cummins announced to launch a new X10 diesel engine in North America in 2026. The X10 engine is part of the X engine family and is designed to replace both the L9 and the X12 engines, with the versatility to serve both medium and heavy-duty applications. The X10 diesel engine will emit 75% less NOx emissions than required at launch in 2026 and will be compliant with the US EPA’s 2027 regulations. The engine is part of Cummins’ fuel-agnostic series, which means it can run on a variety of fuels, including diesel, natural gas, and hydrogen.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Truck Engine Market Report Segment
By Type
- Diesel Engine
- Gasoline Engine
By Application
- Construction
- Mining
- Transport
- Others (Waste Management, Emergency Services)
Global Truck Engine Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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