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,
Browse the full report description of “Truck Engines Market Size, Share & Trends Analysis Report by Type (Diesel Engine and Gasoline Engine) and by Application (Construction, Mining, Transport, and Other) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/truck-engines-market
• 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.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes Cummins Inc., Caterpillar, Mercedes-Benz Group AG, Volvo Group, and PACCAR Inc. and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Truck Engine Market Report Segment
By Type
By Application
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
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