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,
Get Free Sample link @ https://www.omrglobal.com/request-sample/truck-engines-market
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.
full report of Truck Engines Market available @ https://www.omrglobal.com/industry-reports/truck-engines-market
- 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
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.
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: +91 780-304-0404
