About Truck Diesel Engine
A truck diesel engine is basically made for the truck. The truck diesel engine is the operating on diesel. A truck diesel engine is a type of internal combustion engine that burns fuel inside the engine's core by injecting hot, high-pressure air into a chamber or the cylinders to generate power. The diesel engine, named after Rudolf Diesel, is an internal combustion engine in which the fuel is ignited by the elevated temperature of the air in the cylinder caused by mechanical compression, making the diesel engine a compression-ignition engine. Diesel engines can be built with two-stroke or four-stroke cycles. Originally, they were used as a more efficient replacement for stationary steam engines.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
There are many providers competing against one another on the global market, which is less competitive. Significant opportunities for market expansion are presented by the fierce competition, shifting consumer spending patterns, demographic trends, and regular changes in consumer preferences. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Truck Diesel Engine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Cummins (United States), JCB (United Kingdom), Kubota Group (Japan), YANMAR (Japan), WEICHAI POWER (China), WEG (Brazil), CHONGQING CHANGAN AUTOMOBILE COMPANY (China), MTU AERO ENGINES AG (Germany) and CHONGQING SOKON INDUSTRY GROUP STOCK (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ISUZU MOTORS (Japan), MAZDA MOTOR CORPORATION (Japan) and NAVISTAR INTERNATIONAL CORPORATION (United States).
Segmentation Overview
AMA Research has segmented the market of Global Truck Diesel Engine market by Type (Direct-Injection, In-Line and Four Or Six-Cylinder Engines), Application (Heavy Duty Truck, Medium Duty Truck and Light Duty Truck) and Region.
On the basis of geography, the market of Truck Diesel Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Truck Diesel Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Gray Cast Iron will boost the Truck Diesel Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 10 Feb 2022 Cummins to acquire Jacobs Vehicle Systems. The acquisition of JVS also strengthens Cummins Turbo Technologies' success with customers worldwide by securing crucial USMCA qualified engine components for current and aftermarket products. Customers of JVS can anticipate continued business because Cummins intends to uphold these relationships while providing both companies' clients with better value and other advantages
On 8 April 2022 Mercedes-Benz Trucks launching 3rd generation of OM 471 heavy-duty diesel. Mercedes-Benz Trucks is launching the third generation of its heavy-duty diesel engine, the OM 471. The engine will provide improved fuel efficiency as well as compliance with the most stringent emissions standards, such as Euro VIe. The third generation of the OM 471 lowering Total Cost of Ownership through fuel-saving driving, lower operating costs, and higher yields, without sacrificing performance, driving dynamics, or driving comfort.
On March 28, 2022, the EPA published a proposed rule that would establish new, more stringent standards to reduce pollution from heavy-duty vehicles and engines beginning in model year (MY) 2027. The proposed standards would significantly reduce smog- and soot-forming nitrogen oxide (NOx) emissions from heavy-duty gasoline and diesel engines, as well as set more stringent greenhouse gas (GHG) standards for certain commercial vehicle categories.
Market Drivers
- Increasing Demand Of Heavy Truck For Transportation
- Tuck Diesel Engine Is Long Lasting Life Than Any Other Engine
Opportunities
- Truck Diesel Engine Provide To Truck Highest Kinetic Energy
- Truck Diesel Engine Required Less Maintains Care
Restraints
- Diesel Engine Is Slightly high cost than Gasoline engine
- Diesel Fuel Usually Costs More
Challenges
- Truck Diesel Engine have Hard Starting Issues
- Truck Diesel Engine causes Loud Noises
Key Target Audience
Truck Diesel Engine manufacturer, New Entrance, Vendor and supplier, Automobile Industry, Government, Corporate and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.