Heavy-Duty Diesel Engine Manufacturing
Over the five years to 2018, Heavy-Duty Diesel Engine Manufacturing industry revenue fell. Trade flows rebounded sharply as economic conditions improved, causing freight operators to renew purchases for new heavy-freight trucks at the beginning of the five-year period. However, later during the period, demand from the heavy and medium truck market weakened, as declines in commodity prices, mainly the price of oil, negatively affected industry revenue and reduced downstream purchases. Over the five years to 2023, the industry is expected to return to growth as the economy is expected to grow, and freight operators will likely order more engines and industrial operators will accelerate their purchases to meet demand for their goods.
This industry manufactures heavy-duty diesel engines. A diesel engine is an internal combustion engine that uses the heat of compression to initiate ignition to burn the fuel, which is injected into the combustion chamber. These engines are used in highway vehicles (i.e. freight trucks) and machinery.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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