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The global diesel engine market reached a value of US$ 212.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 266.3 Billion by 2027, exhibiting a CAGR of 3.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Diesel engine is an internal combustion engine wherein air is compressed to a sufficiently high temperature inside a cylindrical vessel to ignite the fuel. It converts the chemical energy in the fuel into mechanical energy for powering freight trucks, locomotives, tractors, and marine vessels. At present, two types of diesel engines are available globally, which include two-stroke engines that complete one energy cycle in two piston strokes per crankshaft revolution and four-stroke engines. Four-stroke engines deliver one power stroke for every two piston cycles or four piston strokes.
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A diesel engines offer improved operational performance, and consequently, they find extensive applications in the construction, marine, mining, healthcare, forestry, telecommunications, and agriculture industries across the globe. They also provide better fuel efficiency as compared to petrol engines and are increasingly utilized in commercial and heavy-duty vehicles. This, in confluence with the thriving automotive industry, represents one of the key factors propelling the growth of the market. Moreover, modern diesel engines have overcome the disadvantages of earlier models with higher noise and maintenance costs. These engines require less maintenance on account of the absence of spark plugs or wires. Besides this, diesel engines can operate with much higher compression ratios than spark-ignition engines, which allows them to achieve higher efficiencies. This, coupled with rising energy demand from the manufacturing industry and the increasing use of diesel engines for non-automotive applications, are positively influencing the market. Furthermore, there is a rise in the requirement for a reliable and consistent source of power generation to ensure uninterrupted and efficient operations. This is catalyzing the demand for diesel engines worldwide.
IMARC Group provides an analysis of the key trends in each sub-segment of the global diesel engine market report, along with forecasts for growth at the global and regional levels from 2022-2027. Our report has categorized the market based on power rating and end user.
Breakup by Power Rating:
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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:
At present, the diesel engine finds extensive applications in the automotive industry as it offers better fuel economy and greater torque.
Breakup by Region:
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The Asia Pacific dominates the market on account of the rising sales of automobiles in the region.
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, FAW Group Corporation, Robert Bosch GmbH, Deere & Company, Continental AG, BorgWarner Inc., Mitsubishi Heavy Industries, Ltd., Ford Motor Company, General Motors Company, MAN SE, Wärtsilä Corporation, Cummins Inc., Caterpillar Inc., and Rolls-Royce Motor Cars Limited.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Power Rating, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | AGCO Corporation, China FAW Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motor, General Motors, MAN SE, Wärtsilä, Cummins, Caterpillar and Rolls-Royce |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global diesel engine market reached a value of US$ 212.4 Billion in 2021.
According to the estimates by IMARC Group, the global diesel engine market is expected to exhibit a CAGR of 3.75% during 2022-2027.
The widespread adoption of diesel engines in passenger and commercial vehicles, marine vessels, and electric generators, is primarily driving the demand for diesel engines across the globe.
The rising environmental concerns towards the increasing CO2 emissions from diesel engines have led to the emergence of safer and ecologically-sustainable product variants, thereby representing one of the key trends in the global diesel engine market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in temporary closure of numerous automobile manufacturing units, thereby hampering the market for diesel engines.
On the basis of the end user, the market has been bifurcated into automotive and non-automotive industries. Amongst these, the automotive sector holds the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
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