Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 46 Billion | USD 68 Billion | 6.1% | 2020 |
FrequentlyAsked Questions
Elevation in expansion of heavy duty engines market over assessment timeline is subject to rise in demand for transportation activities across globe.
According to Zion market research report, The global Heavy Duty Engines Market accrued earnings worth approximately 46 (USD Billion) in 2021 and is predicted to gain revenue of about 68 (USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2022 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to increase in transportation events and logistics activities in countries such as China, Indonesia, Bangladesh, Japan, Sri Lanka, and India.
The key market participants include Cummins, Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors, Ltd., Mercedes-Benz, Mack Trucks, Inc., Navistar International Corporation, and Detroit Diesel Corporation.
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