Engine & Turbine Manufacturing in the US - Market Research Report (2014-2029)

Revving up: A rebound in consumer spending will spur demand for freight and on-highway transportation

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.

Engine and turbine manufacturers produce diesel truck engines, power transmission turbines and industrial transmissions. In addition to the production of engines and turbines, they also produce the parts and pieces required to fix and update existing products. Demand for these engines and turbines are reliant on a few different things. Exports and global trade conditions are the most important area, since a lot of activity is generated through global trade. Through 2023 the industry faced significant problems stemming from global trade. This included an appreciating dollar which made domestically produced goods less attractive to foreign buyers, as well as global supply chain disruptions, which would inevitably increase the cost of oil and steel.

Operators in this industry manufacture turbines and equipment used for power transmission, such as generators, in addition to diesel engines for highway vehicles and heavy-duty equipment. Parts and accessories are included, but wind turbines are excluded from this industry.