Global Diesel Engine Market Research, Industry Share Analysis, Size, Trends, Growth And Forecast 2023-28

Author:

The latest research study “Global Diesel Engine Market Share Analysis, Size, Price,Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global diesel engine market size reached US$ 220.8 Billion in 2022. Looking forward, the market is expected to reach US$ 274.9 Billion by 2028, exhibiting at a CAGR of 3.75% during 2023-2028.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

A diesel engine is an internal combustion (IC) engine in which the air is compressed to a high temperature before being injected into a cylindrical vessel to ignite the fuel. It converts stored chemical energy into mechanical energy that can be used to power large tractors, marine vessels, freight trucks, and locomotives. Diesel engines are commercially available as two-stroke and four-stroke engines. As compared to other fuel engines, diesel engines exhibit higher thermal efficiency, durability, and greater torque. On account of these benefits, these engines find widespread applications across various industries, such as mining, construction, and agriculture.

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Diesel Engine Industry Trends and Drivers: 

The global diesel engine market is majorly being driven by the rising demand for commercial and heavy-duty vehicles. Moreover, significant expansion in the automotive industry and rapid urbanization, particularly in emerging economies, are catalyzing the need for an efficient power infrastructure, which, in turn, is supporting market growth.

In line with this, manufacturers are developing advanced variants of diesel engines by using efficient filtration features and high-pressure fuel injection, which is propelling the market growth. Moreover, leading market players are introducing diesel engines that can be utilized as backup generators, which is contributing to the market growth. Other factors, such as extensive research and development (R&D) activities and the introduction of efficient sustainable engines, are creating a positive outlook for the market further.

IMARC Group provides an analysis of the key trends in each sub-segment of the global diesel engine market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on power rating and end user.

Breakup by Power Rating:

IMARC Group provides an analysis of the key trends in each sub-segment of the global diesel engine market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on power rating and end user.

Breakup by Power Rating:

  • 0.5 MW–1 MW
  • Up to 0.5 MW
  • 2 MW–5 MW
  • 1 MW–2 MW
  • Above 5 MW

Presently, 0.5 MW–1 MW holds the largest market share on account of the increasing utilization of diesel power engines in this capacity in small-scale data centers and large-scale residential facilities, commercial complexes and hospitals.

Breakup by End User:

  • Automotive
  • On-Road
  • Light Vehicles
  • Medium/Heavy Trucks
  • Light Trucks
  • Off Road
  • Industrial/Construction Equipment
  • Agriculture Equipment
  • Marine Applications
  • Non-Automotive

At present, the diesel engine finds extensive applications in the automotive industry as it offers better fuel economy and greater torque.

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

The Asia Pacific dominates the market on account of the rising sales of automobiles in the region.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/diesel-engine-market

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are AGCO Corporation, China First Automobile Works (FAW) Group Corporation, Robert Bosch GmbH, Deere & Company, Continental AG, Delphi Automotive System Private Limited, Mitsubishi Heavy Industries, Ltd., Ford Motor Company, General Motors Company, MAN SE, Wärtsilä Oyj Abp, Cummins, Inc., Rolls-Royce Motor Cars Limited, and Caterpillar.

About Us

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