NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The diesel engines market for non-automotive applications is expected to grow by USD 13.87 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 3.55% during the forecast period. The market is segmented by type (multi-cylinder and single-cylinder), end-user (marine, construction, agriculture, and generators), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Diesel to remain the leading fuel type in generators is a key factor driving market growth. Diesel has dominated the choice of generator fuel for many years due to its affordable price and user-friendly nature, especially in industrial environments. However, there is a shift towards greener options such as natural gas and other non-diesel alternatives. However, the superiority of diesel engines in choosing fuel for generators will continue to exist in the near future. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample
Key Highlights:
- The report recognizes the following as some of the key players in the diesel engines market for non-automotive applications market: AB Volvo, Anglo Belgian Corp., Caterpillar Inc., Cummins Inc., DEUTZ AG, Daihatsu Diesel Mfg. Co. Ltd., Fairbanks Morse LLC, IHI Corp., Isuzu Motors Ltd., Iveco Group N.V, J C Bamford Excavators Ltd., CNPC Jichai Power Co. Ltd., Kirloskar Oil Engines Ltd., Kohler Co., Kubota Corp., Liebherr International Deutschland GmbH, MAN Truck and Bus SE, Mitsubishi Heavy Industries Ltd., Wartsila Corp., and Yanmar Holdings Co. Ltd.
- Diesel Engines Market for Non-Automotive Applications Market is fragmented in nature.
- Market to observe 3.2% YOY growth in 2023.
Market Dynamics:
Major Trend
- Gradual conversion of conventional engines to dual fuel is a major trend in the market.
Significant Challenge
- The abundant natural gas supply led to the growing popularity of gas engines is a significant challenge restricting market growth.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Key Segments:
The market is segmented by type (multi-cylinder and single-cylinder), end-user (marine, construction, agriculture, and generators), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
- The multi-cylinder segment will account for a major market growth share during the forecast period. A multi-cylinder diesel engine comprises multiple cylinders, each undergoing four cycles: intake, compression, work, and exhaust. These engines find extensive use in non-automotive applications due to their robustness, fuel efficiency, and high torque output. Their reliability, fuel efficiency, and durability make them suitable for powering various machinery and equipment across diverse sectors. Hence, these factors are expected to drive segment growth during the forecast period.
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Related Reports:
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-User
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
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SOURCE Technavio
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