The global diesel engine market was worth US$ 225 Billion in 2019. The global diesel engine market is currently witnessing healthy growth. The diesel engine is an internal combustion machine in which the air is compressed inside a cylindrical vessel to ignite the fuel. It changes the chemical energy stored in the fuel into mechanical energy which is used to power freight trucks, locomotives, large vessels, vehicles, etc. Currently, two types of diesel engines are available in the market. Two-stroke engines that complete a power cycle with two strokes of the piston during one crankshaft revolution, and four-stroke engines that complete the cycle with four separate strokes by turning the crankshaft. Diesel engines are capable of offering better operational performance and higher fuel economy, making them increasingly preferred among the end-users.
A key factor driving the demand of diesel engines is the fact that they provide better fuel efficiency compared to petrol engines and are extremely popular in commercial and heavy-duty vehicles. Moreover, the strong growth of the automobile industry, particularly in emerging markets such as India, China, Vietnam, etc. is also expected to create a positive impact on the demand of diesel engines. Apart from this, growth in the non-automotive diesel engine market is also expected to catalyse the market with growth expected to be driven by rising energy demands from infrastructure growth and the manufacturing industry. Strong industrialization in developing economies has also increased the demand of diesel engines driven by an increasing requirement for a reliable and consistent source of power generation to ensure uninterrupted and efficient operations. Looking forward, IMARC Group expects the global diesel engine market to continue its moderate growth during the next five years.
Report Coverage:
- Historical, Current and Future Market Trends
- Market 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
- Market 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
- Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AGCO Corporation, China FAW Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motor, General Motors, MAN SE, Wärtsilä, Cummins, Caterpillar, Rolls-Royce, etc.
Key Questions Answered in This Report
The global diesel engine market was worth around US$ 225 Billion in 2019.
According to the estimates by IMARC Group, the global diesel engine market will exhibit moderate growth during the next five years.
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.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Diesel Engine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Power Rating
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Power Rating
6.1 0.5 MW–1 MW
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Up to 0.5 MW
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 2 MW–5 MW
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 1 MW–2 MW
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Above 5 MW
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End-User
7.1 Automotive
7.1.1 On-Road
7.1.1.1 Market Trends
7.1.1.2 Market Breakup By Type
7.1.1.2.1 Light Vehicles
7.1.1.2.2 Medium/Heavy Trucks
7.1.1.2.3 Light Trucks
7.1.1.3 Market Forecast
7.1.2 Off-Road
7.1.2.1 Market Trends
7.1.2.2 Market Breakup By Type
7.1.2.2.1 Industrial/Construction Equipment
7.1.2.2.2 Agriculture Equipment
7.1.2.2.3 Marine Applications
7.1.2.3 Market Forecast
7.2 Non-Automotive
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 North America
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Procurement
10.4 Manufacturing
10.5 Marketing
10.6 Distribution
10.7 End-Use
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Manufacturing Process
13.1 Product Overview
13.2 Raw Material Requirements
13.3 Manufacturing Process
13.4 Key Success and Risk Factors
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AGCO Corporation
14.3.2 China FAW Group
14.3.3 Bosch
14.3.4 Deere & Company
14.3.5 Continental AG
14.3.6 Delphi Automotive
14.3.7 Mitsubishi Heavy Industries
14.3.8 Ford Motor
14.3.9 General Motors
14.3.10 MAN SE
14.3.11 Wärtsilä
14.3.12 Cummins
14.3.13 Rolls-Royce
14.3.14 Rubitherm Technologies Gmbh
List of Figures
Figure 1: Global: Diesel Engine Market: Major Drivers and Challenges
Figure 2: Global: Diesel Engine Market: Sales Value (in Billion US$), 2014 - 2019
Figure 3: Global: Diesel Engine Market: Breakup by Power Rating (in %), 2019
Figure 4: Global: Diesel Engine Market: Breakup by End-user (in %), 2019
Figure 5: Global: Diesel Engine Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 6: Global: Diesel Engine Industry: SWOT Analysis
Figure 7: Global: Diesel Engine Industry: Value Chain Analysis
Figure 8: Global: Diesel Engine Industry: Porter’s Five Forces Analysis
Figure 9: Global: Diesel Engine (0.5 MW–1 MW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Diesel Engine (0.5 MW–1 MW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Diesel Engine (Up to 0.5 MW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Diesel Engine (Up to 0.5 MW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Diesel Engine (2 MW–5 MW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Diesel Engine (2 MW–5 MW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Diesel Engine (1 MW–2 MW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Diesel Engine (1 MW–2 MW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Diesel Engine (above 5 MW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Diesel Engine (above 5 MW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Diesel Engine (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Diesel Engine (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Diesel Engine (Non-Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Diesel Engine (Non-Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Diesel Engine (On-Road) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Diesel Engine (On-Road) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Diesel Engine (Off-Road) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Diesel Engine (Off-Road) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Asia Pacific: Diesel Engine Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Asia Pacific: Diesel Engine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Europe: Diesel Engine Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Europe: Diesel Engine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: North America: Diesel Engine Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: North America: Diesel Engine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Middle East and Africa: Diesel Engine Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Middle East and Africa: Diesel Engine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Latin America: Diesel Engine Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Latin America: Diesel Engine Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Diesel Engine Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Diesel Engine Market Forecast: Breakup by Power Rating (in Million US$), 2020-2025
Table 3: Global: Diesel Engine Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 4: Global: Diesel Engine Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Global: Diesel Engine Market Structure
Table 6: Global: Diesel Engine Market: Key Players