Dual Fuel Engine Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 166 SKU: IRTNTR70841

Dual Fuel Engine Market 2024-2028

The dual fuel engine market size is forecast to increase by USD 3.09 billion, at a CAGR of 14.51% between 2023 and 2028. The growth rate of the market depends on several factors such as an increase in the adoption of cleaner technologies, an increase in demand for dual-fuel engines in the generation of electricity and gradual conversion of conventional engines to dual-fuel engines. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

The demand for dual-fuel engines in North America, propelled by stringent emission laws and the imperative for efficient power generation, particularly in the US and Canada, is met by key offerings from companies like Anglo Belgian Corp, featuring the BeHydro dual-fuel engine with an energy capacity ranging from 1 MW to 10 MW. Similarly, Cummins Inc. contributes to this demand with its offerings, including the 3512E Tier 4 Final Dynamic Gas Blending Engine and the 3512C Dynamic Gas Blending Engine.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamic

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Increase in demand for dual-fuel engines in the generation of electricity

Electricity is the most common form of energy use. One of the major uses of gas engines is electricity generation. With changes in globalization and urbanization, lifestyles and work culture across sectors have changed. The use of electricity has risen. Households have increased their consumption of electrical appliances. Manufacturing and production processes have been mechanized and less labour-intensive. With the rising demand for electricity, the need for gas engines that generate electricity is also increasing. The consumption of electricity has risen, particularly in non-OECD nations. They contributed to around 50% of the global electricity consumption before 2010 and are expected to account for more than 60% by 2025. OECD nations have stable growth because markets here are well established, and consumption patterns have reached a mature stage. Many nations are making attempts to reduce greenhouse emissions.

As a result, the use of coal for energy generation has come down substantially. The US has agreed upon the Clean Power Plan, which includes using renewable energy sources and reducing carbon emissions. Similarly, India has set targets to increase renewable energy production capacity from megawatts to gigawatts. Thus, the increase in demand for dual-fuel engines in the generation of electricity will boost the growth of the market during the forecast period.

Trends - Increasing use of advanced dual fuel compression-ignition engines

The increasing use of advanced dual-fuel compression ignition engines boosts the growth of the market. The medium- and heavy-duty markets are dominated by diesel or compression-ignition engines because of their higher efficiency and capacity to produce large amounts of torque. A more reactive fuel that will ignite on its own at high pressures and temperatures is needed for these engines. This restricts the fuels that compression engines (CI) engines can use. Because dual-fuel engines can use a second, more reactive fuel to produce ignition, they offer a way to use fewer reactive fuels. Additionally, research has been done on dual fuel concepts as a means of lowering engine emissions.

Moreover, the adoption of advanced dual fuel compression-ignition engines is particularly prominent in sectors such as marine transportation, where compliance with stringent emission standards is crucial. As industries increasingly prioritize sustainability and seek cleaner alternatives, these engines present a compelling solution by combining the efficiency of compression ignition with the environmental advantages of dual fuel technology. Thus, these advantages offered by advanced dual fuel compression-ignition engines will boost the growth of the market during the forecast period.

Challenge - High initial cost of installing dual-fuel engines

The high initial cost of installing dual-fuel engines represents a significant challenge for the market. While dual-fuel engines offer long-term benefits in terms of efficiency and reduced emissions, the upfront investment required for their adoption can be a substantial barrier for businesses and industries. The cost challenge encompasses several factors, including the expense of purchasing and installing dual-fuel engines, along with the associated infrastructure modifications. Transitioning from conventional engines to dual-fuel technology often necessitates retrofitting existing equipment or acquiring new vehicles and machinery, both of which involve considerable capital expenditure.

Additionally, the need for specialized training programs for personnel to operate and maintain dual fuel systems contributes to the overall initial cost. Despite the potential for long-term savings in fuel consumption and compliance with environmental regulations, businesses may be hesitant to make such significant investments without clear assurances of rapid returns. Thus, these factors will hamper the growth of the market during the forecast period.

Market Segmentation by End-user, Type and Geography

End-user Segment Analysis: 

The market share growth by the marine industry segment will be significant during the forecast period. The growth of the modern maritime industry is driven by the increasing globalization of world trade. This connects the emerging markets with the developed markets. Technological developments in marine engine design, such as hybrid engines, have resulted in a decline in the consumption of fossil fuels by the shipping industry. This is because hybrid engines operate on alternative fuels and offer high energy efficiency with minimal emissions.

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The marine industry segment was the largest and was valued at USD 1.46 billion in 2018. Dual-fuel engines are preferred in vessels, especially crude oil carriers and other large carriers because they reduce extra fuel storage requirements. This, in turn, cuts down not only the operating cost, including the storage maintenance cost but also the overall weight of the ship. Reducing the weight of the ship will improve the efficiency of the vessel. However, dual-fuel engines are yet to be adopted in commercial marine vessels. Despite the dominance of diesel engines, the marine sector will be a potential market for dual-fuel engines. Therefore, the increase in advantages and the growing demand for dual-fuel engines in the marine industry segment will boost the growth of the market during the forecast period.

Type Segment Analysis: 

Based on the type, the market has been segmented into two-stroke and four-stroke. The two-stroke segment will account for the largest share of this segment.?The dual-fuel two-stroke engine operates on the high-pressure natural gas and heavy fuel oil (HFO) or marine diesel oil (MDO) combustion principle, where the fuel is injected and burned directly instead of premixed or Otto-cycled. Additionally, two or three conventional fuel oil injectors simultaneously inject a small amount of pilot oil to guarantee an optimally controlled combustion. Further, two-stroke dual-fuel engines have gained recognition for their potential to meet societal requirements as a viable option for attaining environmental performance, future energy transformation, and the dependability required by marine engines, which boosts the demand for two-stroke dual-fuel engines. Hence, the market will witness positive growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 46% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The demand for dual-fuel engines in North America is driven by stringent emission laws and the need for efficient power generation in countries such as the US and Canada. For instance, the US Environmental Protection Agency passed a law in 2014, which aims to reduce carbon emissions from coal power plants by 30% by 2030 when compared with the 2005 levels. Rather than shutting down the existing coal power plants and building new ones, utilities are focusing on enabling existing coal power plants to use dual-fuel turbines, accompanied by technologies such as heat recovery steam generators. This move will improve efficiency and reduce fuel costs.

In addition, the US has more than 110 operational LNG facilities, some of which export natural gas, while others provide natural gas to the interstate pipeline system and local distribution companies. Some LNG facilities store the fuel to service peak demand. Moreover, certain facilities produce LNG for industrial use. Thus, the demand for clean energy production and the development of gas pipelines across the country have boosted the demand for dual-fuel engines. Thus, the regional market is expected to grow during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Heinzmann GmbH and Co - The company offers duel fuel engine such as NY12V280CZ, NY12V280CD, NY6200LCZ, NY16V240CZ and others.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including Anglo Belgian Corp., Cummins Inc., Heinzmann GmbH and Co. KG, Kubota Corp., Volkswagen AG, Wartsila Corp., Woodward Inc., Yanmar Holdings Co. Ltd., Winterthur Gas and Diesel Ltd., Hyundai Motor Co., China Yuchai International Ltd., Daihatsu Diesel Mfg. Co. Ltd., Kawasaki Heavy Industries Ltd., Westport Fuel Systems Inc., and Caterpillar Inc. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The market is experiencing notable growth, especially in the automotive industry, driven by the imperative to enhance internal combustion engine efficiency and reduce environmental impact. The market embraces alternative fuels like liquefied petroleum gas (LPG), offering a more sustainable and cost-effective solution compared to conventional fossil fuels such as gasoline. Dual fuel engines stand out for their ability to provide lower emissions and fuel flexibility, contributing to the realization of environmentally friendly transportation options. This aligns with the global push towards more sustainable transportation options to combat issues like air pollution and reduce greenhouse gas emissions.

Moreover, the application of dual fuel engines extends beyond the automotive sector, making an impact in various domains, including shipping vessels and automobiles, with manufacturers investing significantly in research and development to enhance engine efficiency. The incorporation of smart technologies for control and monitoring further exemplifies the market's commitment to advancing dual fuel engine technology for a more sustainable and environmentally conscious future.

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook 
    • Marine industry
    • Power generation industry
  • Type Outlook)
    • Two-stroke
    • Four-stroke
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Dual Fuel Engine Market Scope

Report Coverage

Details

Page number

166

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.51%

Market Growth 2024-2028

USD 3.09 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

14.02

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Anglo Belgian Corp., Cummins Inc., Heinzmann GmbH and Co. KG, Kubota Corp., Volkswagen AG, Wartsila Corp., Woodward Inc., Yanmar Holdings Co. Ltd., Winterthur Gas and Diesel Ltd., Hyundai Motor Co., China Yuchai International Ltd., Daihatsu Diesel Mfg. Co. Ltd., Kawasaki Heavy Industries Ltd., Westport Fuel Systems Inc., and Caterpillar Inc.

Market dynamics

Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Dual Fuel Engine Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the dual fuel engine market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global dual fuel engine market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global dual fuel engine market 2018 - 2022 ($ billion)
    • 4.2 End User Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End User Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Marine industry - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Marine industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Marine industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Marine industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Marine industry - Year-over-year growth 2023-2028 (%)
    • 6.4 Power generation industry - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Power generation industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Power generation industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Power generation industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Power generation industry - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ billion)
      • Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Two-stroke - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Two-stroke - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Two-stroke - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Two-stroke - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Two-stroke - Year-over-year growth 2023-2028 (%)
    • 7.4 Four-stroke - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Four-stroke - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Four-stroke - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Four-stroke - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Four-stroke - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Anglo Belgian Corp.
              • Exhibit 111: Anglo Belgian Corp. - Overview
              • Exhibit 112: Anglo Belgian Corp. - Product / Service
              • Exhibit 113: Anglo Belgian Corp. - Key offerings
            • 12.4 Caterpillar Inc.
              • Exhibit 114: Caterpillar Inc. - Overview
              • Exhibit 115: Caterpillar Inc. - Business segments
              • Exhibit 116: Caterpillar Inc. - Key offerings
              • Exhibit 117: Caterpillar Inc. - Segment focus
            • 12.5 China Yuchai International Ltd.
              • Exhibit 118: China Yuchai International Ltd. - Overview
              • Exhibit 119: China Yuchai International Ltd. - Business segments
              • Exhibit 120: China Yuchai International Ltd. - Key offerings
              • Exhibit 121: China Yuchai International Ltd. - Segment focus
            • 12.6 Cummins Inc.
              • Exhibit 122: Cummins Inc. - Overview
              • Exhibit 123: Cummins Inc. - Business segments
              • Exhibit 124: Cummins Inc. - Key offerings
              • Exhibit 125: Cummins Inc. - Segment focus
            • 12.7 Daihatsu Diesel Mfg. Co. Ltd.
              • Exhibit 126: Daihatsu Diesel Mfg. Co. Ltd. - Overview
              • Exhibit 127: Daihatsu Diesel Mfg. Co. Ltd. - Business segments
              • Exhibit 128: Daihatsu Diesel Mfg. Co. Ltd. - Key offerings
              • Exhibit 129: Daihatsu Diesel Mfg. Co. Ltd. - Segment focus
            • 12.8 Heinzmann GmbH and Co. KG
              • Exhibit 130: Heinzmann GmbH and Co. KG - Overview
              • Exhibit 131: Heinzmann GmbH and Co. KG - Product / Service
              • Exhibit 132: Heinzmann GmbH and Co. KG - Key offerings
            • 12.9 Hyundai Motor Co.
              • Exhibit 133: Hyundai Motor Co. - Overview
              • Exhibit 134: Hyundai Motor Co. - Business segments
              • Exhibit 135: Hyundai Motor Co. - Key news
              • Exhibit 136: Hyundai Motor Co. - Key offerings
              • Exhibit 137: Hyundai Motor Co. - Segment focus
            • 12.10 Kawasaki Heavy Industries Ltd.
              • Exhibit 138: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 139: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 140: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 141: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 142: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.11 Kubota Corp.
              • Exhibit 143: Kubota Corp. - Overview
              • Exhibit 144: Kubota Corp. - Business segments
              • Exhibit 145: Kubota Corp. - Key news
              • Exhibit 146: Kubota Corp. - Key offerings
              • Exhibit 147: Kubota Corp. - Segment focus
            • 12.12 Volkswagen AG
              • Exhibit 148: Volkswagen AG - Overview
              • Exhibit 149: Volkswagen AG - Business segments
              • Exhibit 150: Volkswagen AG - Key offerings
              • Exhibit 151: Volkswagen AG - Segment focus
            • 12.13 Wartsila Corp.
              • Exhibit 152: Wartsila Corp. - Overview
              • Exhibit 153: Wartsila Corp. - Business segments
              • Exhibit 154: Wartsila Corp. - Key offerings
              • Exhibit 155: Wartsila Corp. - Segment focus
            • 12.14 Westport Fuel Systems Inc.
              • Exhibit 156: Westport Fuel Systems Inc. - Overview
              • Exhibit 157: Westport Fuel Systems Inc. - Business segments
              • Exhibit 158: Westport Fuel Systems Inc. - Key offerings
              • Exhibit 159: Westport Fuel Systems Inc. - Segment focus
            • 12.15 Winterthur Gas and Diesel Ltd.
              • Exhibit 160: Winterthur Gas and Diesel Ltd. - Overview
              • Exhibit 161: Winterthur Gas and Diesel Ltd. - Product / Service
              • Exhibit 162: Winterthur Gas and Diesel Ltd. - Key offerings
            • 12.16 Woodward Inc.
              • Exhibit 163: Woodward Inc. - Overview
              • Exhibit 164: Woodward Inc. - Business segments
              • Exhibit 165: Woodward Inc. - Key news
              • Exhibit 166: Woodward Inc. - Key offerings
              • Exhibit 167: Woodward Inc. - Segment focus
            • 12.17 Yanmar Holdings Co. Ltd.
              • Exhibit 168: Yanmar Holdings Co. Ltd. - Overview
              • Exhibit 169: Yanmar Holdings Co. Ltd. - Product / Service
              • Exhibit 170: Yanmar Holdings Co. Ltd. - Key news
              • Exhibit 171: Yanmar Holdings Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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