Diesel Engine Market was estimated to be USD 5.74 Billion in 2021 and is expected to reach USD 7.42 Billion in 2028, growing at a CAGR of 3.73% from 2022 to 2028.
Diesel engine is an internal ignition system where combustion of fuel happen when the fuel is pumped into the chamber for combustion. Diesel engines operate by tamping air. Diesel engines are also dubbed as combustion ignition engines, which are dubbed after Rudolf Diesel. Diesel engines have high engine and thermal efficiency over any other combustion engines, since these engines have an elevated expansion proportion together with an inherent lean burn that lets heat dissipation or loss. These engines are normally of two kinds—4-stroke and 2-stroke. The 2-stroke engines are normally employed in motorcycles and chainsaws, amongst other portable tools. The 4-stroke engines are used in light and heavy commercial vehicles.
Diesel Engine Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Diesel Engine Market place for the forecast 2022– 2028. Owing to rapid urbanization and industrialization in emerging nations, such as China, India, and Brazil, there is a current trend of constructing infrastructures and smart buildings all over the cities. This is the major factor powering the diesel engine market all over the world.
The global diesel engine market is divided by power rating into 0.5-1 MW, 1-2 MW, 2-5 MW, and above 5 MW. The global diesel engine market is divided by end-user into off-road diesel engine and on-road diesel engine.
The major players included in the global diesel engine Industry forecast are,
The global diesel engine market share is expected to see significant growth in the coming period, due to the growing construction sector of emerging countries. Owing to rapid urbanization and industrialization in emerging nations, such as China, India, and Brazil, there is a current trend of constructing infrastructures and smart buildings all over the cities. This is the major factor powering the diesel engine market all over the world. The current construction activities will further power the requirement for heavy earth moving vehicles and construction machinery. Moreover, the increasing requirement for auxiliary power tools in the construction industry will also power development of this market in the years to come. In addition to this, the rising power need in commercial and industrial industries is expected to offer significant development opportunities for the diesel engine market, as diesel power engines are suitable for the power creation needs of these industries. On the other hand, the steady development of gas generators might hinder diesel engine market share in the coming period.
The number of diesel vehicles on the roads is amongst the uppermost in Asia Pacific nations. This factor has added up in placing Asia Pacific in the major position in terms of requirement for diesel engines. Over petrol engines, diesel engines provide better mileage and efficiency. This is one of the major factors that have kept the diesel engines’ sales constantly steady all over the globe. On the other hand, firms in the global diesel engines market are seeing themselves encountered with increasing regulatory heat.
In Europe, for example, the Euro VI rule has a conspicuous affect on the general diesel engine manufacturing and development industry. In the conventional markets of Europe and North America, sales of diesel engines are predicted to shift upward after posting slow development over the past few years.
|Historical data||2018 - 2021|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 5.74 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||3.73%|
|Market Size Expected in 2028:||USD 7.42 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Cummins Inc, Caterpillar Inc, Rolls-Royce Holding PLC, Kohler Co, Mitsubishi Heavy Industries, Wartsila OYJ ABP, Man SE, Hyundai Heavy Industries Co, Doosan Corp, Volvo Penta, others.|
|Segments Covered||By Type Covers, By Applications, By End User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Afric|
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