Engine for Construction Machinery Market size was valued at USD 5.4 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 8.7 Billion by 2033.
The global engine for construction machinery market was valued at USD 5.3 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The markets growth is driven by the increasing demand for construction equipment in emerging economies, along with technological advancements in engine designs aimed at improving fuel efficiency and reducing emissions. The rising urbanization, infrastructure development, and government investments in large scale construction projects are also key contributors to the markets expansion. North America and Europe hold substantial market shares, but Asia Pacific is expected to dominate the market due to rapid urbanization and infrastructure development in countries like China and India, further boosting the demand for construction machinery engines.
Regionally, the Asia Pacific market accounted for the largest revenue share in 2022, reaching approximately USD 2.3 billion. The region is anticipated to witness significant growth during the forecast period due to the growing construction industry and government initiatives aimed at infrastructure development. North America and Europe are also expected to maintain a steady growth trajectory, contributing a notable share of the global market. With the rising emphasis on sustainable construction practices and environmental regulations, the market opportunities in regions such as Latin America and the Middle East are projected to increase as well, with demand for eco friendly and high performance engine solutions in construction machinery.
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Cummins
MAN Engines
FPT Industrial
DEUTZ
Yanmar
Kubota
Hitachi
Honda
Volvo Group
Perkins Engines
DEEC
Weichai
Dongfeng Chaoyang Diesel
Yuchai
Deere
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Engine for Construction Machinery Market
Diesel Engines
Electric Engines
Hybrid Engines
Gasoline Engines
CNG Engines
Excavators
Bulldozers
Loaders
Crushers
Forklifts
Dump Trucks
Below 100 HP
100 HP to 300 HP
300 HP to 500 HP
Above 500 HP
Construction
Mining
Agriculture
Forestry
Manufacturing
Utilities
Small Engines (Below 2.0L)
Medium Engines (2.0L to 5.0L)
Large Engines (Above 5.0L)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Engine for Construction Machinery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engine for Construction Machinery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engine for Construction Machinery Market, By Type
6. Global Engine for Construction Machinery Market, By Application
7. Global Engine for Construction Machinery Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Engine for Construction Machinery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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