Diesel engine market size will increase by USD 31.69 billion | Advantages of Diesel Engines Over Gasoline Engines to Drive Market Growth


NEW YORK, December 24, 2021 / PRNewswire / – The “Diesel engine market by end user (industrial, commercial and residential) and geography (APAC, North America, Europe, MEA and South America) – Forecast and analysis 2022-2026“has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for over 16 years.

Attractive Opportunities in Diesel Engines Market by End User and Geography – Forecast and Analysis 2022-2026

The potential growth difference for the diesel engine market between 2021 and 2026 is $ 31.69 billion, according to Technavio’s latest market analysis report. The report also identifies the market to witness growth acceleration of 3.03% during the forecast period. A comprehensive analysis of factors positively and negatively influencing the growth of the market is also covered in this report.

To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.

Key market dynamics:

  • Market engine

  • Market challenges

The advantages of diesel engines over gasoline engines and the growth of the construction industry are some of the major drivers of the market. The higher the compression ratios, the higher the thermal efficiency and the better the energy efficiency. As a result, diesel engines are more fuel efficient than gasoline engines. The high torque of diesel engines also allows them to pull heavy loads easily compared to gasoline engines. These operational efficiencies of diesel engines compared to gasoline increase their uptake, which is expected to continue over the forecast period.

However, factors such as strict emissions regulations will challenge the growth of the market. Diesel engine manufacturers need to invest in R&D to develop fuel-powered engines with high performance levels and meeting requirements for compliance with stringent emissions standards. Therefore, they are forced to increase their expenses to design and market their products according to the demands of regional markets. This hinders the growth of the market to some extent.

Find out more about the main drivers, trends and additional challenges available with Technavio. Read our FREE sample report!

Analysis of key market segments

The Diesel Engines market report is segmented by end user (industrial, commercial and residential) and geography (APAC, North America, Europe, MEA and South America). The industrial end-user segment dominated the market share in 2021 and will continue to register the highest diesel engine market share during the forecast period. In terms of geography, APAC will be the leading region with 54% of the market growth during the forecast period. The growth of this regional segment can be attributed to the boom in the construction industry and agriculture. The demand for commercial infrastructure, industrial buildings and the expansion of road and rail networks in China is expected to drive the growth of the diesel engine market in APAC China, South Korea (Republic of Korea), Japan, and India are the key markets for diesel engines in APAC. Market growth in APAC will be faster than market growth in other regions.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned

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Associated reports:

Electrical Conductors for Power Industry Market by Application and Geography – Forecast and Analysis 2021-2025

Smoke Detectors Market by End User, Type and Geography – Forecast and Analysis 2021-2025

Scope of the diesel engine market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 3.03%

Market growth 2022-2026

$ 31.69 billion

Market structure

Fragmented

Annual growth (%)

2.45

Regional analysis

APAC, North America, Europe, MEA and South America

Efficient contribution to the market

APAC at 54%

Main consumer countries

China, United States, South Korea (Republic of Korea), Japan and India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp. and Yanmar Holdings Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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