Diesel Engine Market Size to record USD 37.45 Bn; APAC identified as key market -- Technavio

News provided by

Oct 12, 2022, 21:00 ET

NEW YORK, Oct. 12, 2022 /PRNewswire/ -- The global diesel engine market is forecasted to grow by USD 37.45 billion, accelerating at a CAGR of 3.16% between 2021 and 2026. Technavio segments the market by end-user (on-road and off-road) and geography (APAC, Europe, North America, South America, and MEA). APAC will emerge as the major market for diesel engines, occupying 63% of the global market share during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Technavio has announced its latest market research report titled Global Diesel Engine Market 2022-2026

Key points covered in the diesel engine market study:

Market estimates and forecast 2022-2026
Key drivers, trends, and challenges impacting market growth
Segment-wise, region-wise, and country-wide analysis
Analysis on market share by vendors
Key product launches and regulatory climate
Post-COVID-19 impact on the market landscape. Download PDF Report Sample

Strong economic growth and rising investments into construction and mining projects in developed regions such as North America are increasing the demand for medium/heavy-duty trucks and off-road equipment. Similarly, in the Middle East, increasing civil construction activities, significant investments in the development of infrastructure in the energy sector, and the flourishing mining industry have significantly increased the demand for heavy trucks. Such developments are creating significant opportunities for market players globally.

Technavio categorizes the global diesel engine market as a part of the global automotive components and accessories market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.

The market is primarily driven by the growing demand for diesel engines from APAC. The Increasing demand for reliable power supply, rising power generation capacity, and growing manufacturing and process industries have increased the demand for diesel engines for various applications in APAC. In addition, the rapid growth of the economy and increased expenditure on infrastructure in countries such as China, India, and Indonesia are creating high growth potential in the region for market players. Moreover, the expansion of manufacturing plants by global brands in APAC is expected to foster the global diesel engine market during the forecast period.

The full report provides information on other drivers, trends, and challenges that are impacting
the growth of the market. Request a Sample PDF Report

APAC to dominate the diesel engine market with a 63% share and the market will record the highest growth in APAC during the forecast period. Factors such as growing population, economic development, rise in purchasing power in this region, and the demand for agricultural equipment are expected to accelerate the growth of the diesel engine market in APAC over the forecast period.

The on-road diesel engine segment to generate maximum revenue in the diesel engine market and is the leading end-user segment in the global diesel engine market. The increasing sales of passenger vehicles and the rise in industrialization and urbanization are driving the growth of the segment.

Explore intelligence tailored to your business needs. Identify major revenue-generating segments,
regions, and key countries in the diesel engine market. Download Sample Report Now

The global diesel engine market is fragmented and is dominated by global players. Major automakers and OEMs in the global diesel engine market are engaged in continuous innovations. The growing focus of customers of diesel engines on high performance and fuel efficiency is increasing the demand for advanced diesel engines. However, stringent emission regulations and huge losses associated with non-compliance are hindering the entry of new players into this market. Product differentiation is crucial for OEMs to gain a competitive advantage over competitors.

Some of the key players in the diesel engine market include:

AB Volvo
AGCO Corp.
BorgWarner Inc.
Caterpillar Inc.
Changchai Co. Ltd.
Continental AG
Cummins Inc.
Deere and Co.
DEUTZ AG
Doosan Corp.
General Motors Co.
Hyundai Heavy Industries Group
Kohler Co.
Kubota Corp.
Mercedes Benz Group AG
Mitsubishi Heavy Industries Ltd.
Robert Bosch GmbH
Rolls-Royce Holdings Plc
Volkswagen AG
Wartsila Corp.

Didn't find what you are looking for? Our analysts can help you customize this report based on your business requirements. The industry experts at Technavio will work directly with you to understand your needs and provide you with customized data in a short time. Speak to our Analyst Now

Related Reports:

Diesel Engine Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.16%
Market growth 2022-2026	USD 37.45 billion
Market structure	Fragmented
YoY growth (%)	2.76
Regional analysis	APAC, Europe, North America, South America, and the Middle East and Africa
Performing market contribution	APAC at 63%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AB Volvo, AGCO Corp., BorgWarner Inc., Caterpillar Inc., Changchai Co. Ltd., Continental AG, Cummins Inc., Deere and Co., DEUTZ AG, Doosan Corp., General Motors Co., Hyundai Heavy Industries Group, Kohler Co., Kubota Corp., Mercedes Benz Group AG, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rolls-Royce Holdings Plc, Volkswagen AG, and Wartsila Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and 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.

Table Of Contents:

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 Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 On road - Market size and forecast 2021-2026

Exhibit 28: Chart on On road - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on On road - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on On road - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on On road - Year-over-year growth 2021-2026 (%)

5.4 Off road - Market size and forecast 2021-2026

Exhibit 32: Chart on Off road - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Off road - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Off road - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Off road - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by End-user

Exhibit 36: Market opportunity by End-user ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026

Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 AB Volvo

Exhibit 89: AB Volvo - Overview
Exhibit 90: AB Volvo - Business segments
Exhibit 91: AB Volvo - Key news
Exhibit 92: AB Volvo - Key offerings
Exhibit 93: AB Volvo - Segment focus

10.4 Caterpillar Inc.

Exhibit 94: Caterpillar Inc. - Overview
Exhibit 95: Caterpillar Inc. - Business segments
Exhibit 96: Caterpillar Inc. - Key offerings
Exhibit 97: Caterpillar Inc. - Segment focus

10.5 Cummins Inc.

Exhibit 98: Cummins Inc. - Overview
Exhibit 99: Cummins Inc. - Business segments
Exhibit 100: Cummins Inc. - Key offerings
Exhibit 101: Cummins Inc. - Segment focus

10.6 Doosan Corp.

Exhibit 102: Doosan Corp. - Overview
Exhibit 103: Doosan Corp. - Business segments
Exhibit 104: Doosan Corp. - Key news
Exhibit 105: Doosan Corp. - Key offerings
Exhibit 106: Doosan Corp. - Segment focus

10.7 Hyundai Heavy Industries Group

Exhibit 107: Hyundai Heavy Industries Group - Overview
Exhibit 108: Hyundai Heavy Industries Group - Business segments
Exhibit 109: Hyundai Heavy Industries Group - Key offerings
Exhibit 110: Hyundai Heavy Industries Group - Segment focus

10.8 Kohler Co.

Exhibit 111: Kohler Co. - Overview
Exhibit 112: Kohler Co. - Product / Service
Exhibit 113: Kohler Co. - Key news
Exhibit 114: Kohler Co. - Key offerings

10.9 Mitsubishi Heavy Industries Ltd.

Exhibit 115: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 116: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 117: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 118: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 119: Mitsubishi Heavy Industries Ltd. - Segment focus

10.10 Rolls-Royce Holdings Plc

Exhibit 120: Rolls-Royce Holdings Plc - Overview
Exhibit 121: Rolls-Royce Holdings Plc - Business segments
Exhibit 122: Rolls-Royce Holdings Plc - Key news
Exhibit 123: Rolls-Royce Holdings Plc - Key offerings
Exhibit 124: Rolls-Royce Holdings Plc - Segment focus

10.11 Volkswagen AG

Exhibit 125: Volkswagen AG - Overview
Exhibit 126: Volkswagen AG - Business segments
Exhibit 127: Volkswagen AG - Key offerings
Exhibit 128: Volkswagen AG - Segment focus

10.12 Wartsila Corp.

Exhibit 129: Wartsila Corp. - Overview
Exhibit 130: Wartsila Corp. - Business segments
Exhibit 131: Wartsila Corp. - Key offerings
Exhibit 132: Wartsila Corp. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 133: Inclusions checklist
Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 135: Currency conversion rates for US$

11.4 Research methodology

Exhibit 136: Research methodology
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources

11.5 List of abbreviations

Exhibit 139: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio