Diesel Engine Market Analysis, Market size, Application
Analysis, Regional Outlook, Competitive Strategies and
Forecasts, 2015 to 2022
Increasing demand in heavy equipment across industries is estimated to drive the
diesel engine market. Growing popularity of diesel cars across several regions is
also expected to catapult market growth. Diesel engines exhibit high thermal
efficiency, which is also estimated to boost the market demand over the forecast
period. They are widely used in automotives, off-road equipment, submarines, and
ships owing to their high thermal efficiency. Increasing demand for diesel engines
in various applications such as construction, automobiles, and power & gas is
expect to favor market growth over the forecast period. Growing demand for
construction and auxiliary power equipment is also expected to provide avenues
for market growth. Technological advancement and increasing gasoline prices are
expected to favor the diesel engine market over the next five years. Increasing
investment in mining and construction is also estimated to fuel market demand
over the forecast period.
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High cost for diesel engines may hinder the market growth over the next few years.
Further, reducing harmful emissions without affecting the performance may pose
to be a challenge to market growth. The diesel engine market can be classified
broadly into two and four-stroke engines. The two stroke engine is widely used in
portable equipment such as motorcycles, chainsaws, etc. The four-stroke engine is
mainly used in heavy equipment. Diesel engines exhibit flexible functioning; and
are used in an array of applications including railroad rolling stock, passenger cars,
non-transport, and military fuel standardization..
Asia Pacific is estimated to grow significantly over the forecast period owing to
increasing demand in countries such as China and India. Surge in investments by
automobile manufacturers aimed to increase R&D activities in the sector is
expected to have a positive impact on regional market growth over the forecast
period. North America and Europe are also expected to grow at a significant rate
over the forecast period. In addition to aforementioned forces, other factors
technological advancement and rising gasoline prices in countries such as Brazil
and Russia are expected to impel market demand.
The key players in the diesel engine market include China FAW Group, ACGO
Corporation, Deere & Company, Bosch, Delphi Automotive, Continental AG,
Mitsubishi Heavy Industries, Ford Motor, MAN SE, and General Motors.
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