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The diesel engine market share is expected to accelerate at a CAGR of 3.16% and reach an estimated value of USD 37.45 billion from 2021 to 2026.
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On the basis of the end-user, the diesel engine market research report focuses on the revenue, price, market share, and growth rate of each type, including:
On the basis of geography, the market research report displays the revenue, market share, and growth rate of each region, primarily split into:
The diesel engine market report also offers information on several market vendors, including AB Volvo, AGCO Corp., BorgWarner Inc., Caterpillar Inc., Changchai Co. Ltd., Continental AG, Cummins Inc., Deere and Co., DEUTZ AG, Doosan Corp., General Motors Co., Hyundai Heavy Industries Group, Kohler Co., Kubota Corp., Mercedes Benz Group AG, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rolls-Royce Holdings Plc, Volkswagen AG, and Wartsila Corp. among others. Furthermore, this report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growing demand for diesel engines from APAC is notably driving the diesel engine market growth, although factors such as the high cost of diesel engines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the diesel engine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Diesel Engine Market Driver
Key Diesel Engine Market Trend
Key Diesel Engine Market Challenge
This diesel engine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global diesel engine market is a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the diesel engine market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the diesel engine market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
Continental AG - The company offers products such as CD-155, which is a turbocharged 4-cylinder in-line engine.
Continental AG - The ContiTech segment focuses on smart and sustainable solutions beyond rubber and develops digital and intelligent solutions in future-oriented sectors.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The diesel engine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the diesel engine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The market share growth by the on-road segment will be significant during the forecast period. The increase in disposable income in developing countries is driving the sales of passenger cars across them. The rise in construction, mining, and shipping activities has also led to an increase in demand for heavy-duty trucks and medium-duty trucks over the past several years, that uses diesel engines. This will drive segment growth in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel engine market size and actionable market insights on the post-COVID-19 impact on each segment.
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63% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for diesel engines in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of huge agriculture, construction, and automotive markets in China, India, Japan, and South Korea will facilitate the diesel engine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Industrial activity in this region declined in 2020 due to the COVID-19 pandemic. Stringent lockdown and social distancing regulations pushed many business owners to shut down their facilities temporarily. However, the success of the vaccination drives in the region, along with the increase in capital spending by governments on the resumption of business activities and the introduction of consumer-friendly schemes to buy auto vehicles and machinery at a lesser price, contributed significantly to the regional growth of the regional diesel engine market in 2021. It will positively impact the growth of the market in the region during the forecast period.
Diesel Engine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.16% |
Market growth 2022-2026 |
$37.45 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.76 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 63% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB Volvo, AGCO Corp., BorgWarner Inc., Caterpillar Inc., Changchai Co. Ltd., Continental AG, Cummins Inc., Deere and Co., DEUTZ AG, Doosan Corp., General Motors Co., Hyundai Heavy Industries Group, Kohler Co., Kubota Corp., Mercedes Benz Group AG, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rolls-Royce Holdings Plc, Volkswagen AG, and Wartsila Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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