The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global diesel engine market reached a value of US$ 207 Billion in 2020.
According to the estimates by IMARC Group, the global diesel engine market is expected to 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.
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