Mobility Foresights

GLOBAL CONSTRUCTION EQUIPMENT ENGINE MARKET

INTRODUCTION

With the increasing building activities, the global construction equipment market is projected to reach USD 160.84 billion by 2026, at a CAGR of XX%.

Backhoe loaders and excavators are indispensable for any construction. Their demand is very high in developing countries where urbanization is happening at a fast pace. Bright prospects of the construction industry will, therefore, broaden the outlook of this market in the forthcoming period.

 

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It’s a somewhat different tale being told in the US. With exports down, American hopes are being increasingly pinned on rising domestic plant demand. Contrasting the US, China, the nation with the world’s biggest demand for construction equipment, has seen domestic sales dip, with many firms now looking to up their percentage of exports against total machine sales.

However, the Asia-Pacific region, with China at the forefront, is still the key region for aggregate demand due to its huge government-led investment in new transport and other vital infrastructure. In fact, leading independent research tips the region’s share of overall global aggregates demand to grow over the next two years. Such a big demand for aggregates tends to go hand in hand with big demand for construction equipment.

 

US CONSTRUCTION EQUIPMENT ENGINE MARKET

  • Many OEM’s have their engines to meet U.S. EPA Tier 4 emissions and EU Stage IV emission standards with an aftertreatment system.
  • Most of the engines have displacement of 4.4L with power output of 75HP-120HP and torque of 400Nm – 600Nm in construction machines.
  • Engines in U.S are designed to withstand cold temperatures and harsh environments in order to maintain smooth operations, OEM’s are more concentrated on innovating HVAC systems.
  • Engine suppliers have R&D centers to develop engine technologies with sustainable environment and promoting green emission machines.
  • Diesel has unmatched and unique combination of power, performance, reliability, fuel efficiency and now low emissions, it is the technology of choice and the workhorse of the nation’s construction sector, powering more than three-fourths of all heavy construction equipment.

 

SL No OEM Engine Manufacturer Displacement Power Output
1 Caterpillar Caterpillar 0.8L-106L 18 – 4000HP
2 Terex Cummins 4.5L-6.7L 110-550HP
Mercedes 6.4L 228-282HP
MTU Engines 12.8L 429-523HP
3 Bobcat Bobcat Engines 14-131HP
4 JCB JCB 4.4L 74-173HP
Cummins 6.7L 173-183HP
MTU Engines 7.7L 241-281HP
Kohler 2.4L 74HP
5 John Deere John Deere Powertech 4.5L- 13.5L 102-367HP
Yanmar 0.9L-3.3L 14.5-73HP
Isuzu 3L-15.7L 101-512HP
6 Hitachi Isuzu 3L-15.68L 101-520HP
Yanmar 0.9L-3.3L 14.5-56.9HP
Deutz 2.9L-3.6L 66-95HP
Kubota 1.64L-1.83L 24-44HP
Cummins 4.5L-6.7L 142-194HP
7 Komatsu Komatsu 1.6L-60L 24.4-1892HP
8 Volvo Volvo 0.8L-16.1L 20.9-630HP

 

EUROPE CONSTRUCTION EQUIPMENT ENGINE MARKET

  • Engine and construction equipment manufacturers are facing their toughest emissions challenge yet with the release of new EU Stage V emissions legislation. OEM’s will be delivering maximum power and performance with new engine technology that is one further step towards a more sustainable tomorrow.
  • Stage V introduces particulate number (PN) limits for all manufacturers of engines between 19 kW and 560 kW, requiring diesel particulate filters (DPF) to be part of the EATS (Exhaust gas after treatment system) on the engine installation in the machines. In addition, there will be an increased focus on emissions during the machine’s usage.
  • The new emission norm will have improved, system for a charge air cooler, which cools the inlet air for better efficiency, and either a variable geometry turbo (VGT), designed to optimize the air-fuel ratio in the turbo to be altered as conditions change, or a fixed geometry turbo with waste gate (WG). A DPF has been designed to remove diesel particulate matter or soot from the exhaust gas of a diesel engine, while a diesel oxidation catalyst (DOC) serves to oxidize hydrocarbons and carbon monoxide into carbon dioxide and water.
  • Highly sold construction equipment engines have 4.0-4.5L displacement and power of 74-150HP.
  • Turbochargers plays vital role in power delivery in heavy machinery by providing boosting hydraulic power instantaneously when required.
  • Most of the parts in Europe are Cold temperature regions. So, Cold starting the engines increases the emissions, when it is integrated with direct injection process.

 

SL No OEM Engine

Manufacturer

Displacement Power Output.
1 Liebherr Deutz 3.6L 116-126HP
Liebherr 7L-16.16L 204-571HP
2 Volvo Volvo 0.8L-16.1L 16.1-630HP
3 JCB JCB 4.4L-4.8L 74-172HP
MTU 7.7L 241-281HP
Kohler 1.8L-2.48L 56-74HP
4 Case Isuzu 2.9L-7.79L 102-206HP
FPT 3.4L-6.7L 97-246HP
5 New Holland FPT 3.4L 58-121HP
Kubota 1.26L 24.8HP
Mitsubishi 0.9L 16.8HP
Yanmar 1.6L-3.3L 24.4-64.7HP
6 Wirtgen Group Deutz 2.9L-6.1L 72-214HP
Cummins 4.5L-6.7L 154-250HP
Kubota 1.1L-3.3L 21.6-74.2HP
7 Wacker Neuson Yanmar 0.8L-1.6L 21-25HP
Perkins 1.6L-3.6L 45-83.8HP
Deutz 2.9L-4L 74-154HP

 

 

INDIAN CONSTRUCTION EQUIPMENT ENGINE MARKET

  • Most of the OEM’s have created joint venture in order to supply their engines. As, Indian manufacturers do not have R&D centers domestically. So, companies buy the engines by suppliers.
  • Kirloskar and Cummins are major engine suppliers in India.
  • Coming to new emission norms, Manufacturers are integrating exhaust after treatment technology and solutions. These solutions are designed to meet the highest emissions standards worldwide offering not only performance and reliability, but fuel economy and significant cost savings as well.
  • Mostly sold engines have displacement of 3.5L-4L with power output of 50-90HP
SL No OEM Engine Manufacturers Displacement Power Output
1 JCB KOEL 3.2L-4L 49.5-76HP
JCB 4.4L-7.2L 75-221HP
Cummins 3.9L-5.88L 100-140HP
Perkins 2.2L 50-60HP
2 L&T-Komatsu Komatsu 6.6L-60L 60-4020HP
Ashok Leyland 76-131HP
3 Mahindra Mahindra 3.5L 79.9-91HP
4 BEML KOEL 4L 57-76HP
BEML 4.1L-6.4L 96-808HP
5 Escorts Kirloskar 76HP
Cummins 3.9L-5.9L 101-147HP
Escorts 50-90HP
6 Hyundai KOEL 4.1L 76-105HP
Cummins 5.9L-11L 139-353HP
Hyundai 8.2L-11.1L 265-276HP
7 ACE Cummins 5.9L-8.3L 100-215HP
Mahindra 47.5-230HP
Kirloskar 76HP
Ashok Leyland 101-133HP
8 Tata Hitachi Tata 55-75HP
Cummins 5.9L-120L 132-3880HP
Isuzu 6.4L-15.68L 169-402HP

 

COMPANY PROFILES

 

Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
21 Product installation rate by OEM, 2021
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2021
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix

 

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