Diesel Engine Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: May 2022

Pages: 140

SKU: IRTNTR70134

Snapshot

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.

What will the Diesel Engine Market Size be During the Forecast Period?

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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-road
Off-road

On the basis of geography, the market research report displays the revenue, market share, and growth rate of each region, primarily split into:

APAC
Europe
North America
South America
Middle East and Africa

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.

Diesel Engine Market: Key Drivers, Trends, and Challenges

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

One of the key factors driving the global diesel engine industry growth is the growing demand for diesel engines from APAC.
Demand for diesel engines is increasing in APAC due to the growth of the construction, mining, transport, and industrial sectors in the region.
Increasing demand for reliable power supply, rising power generation capacity, and growing manufacturing and process industries in the region are driving the diesel engine market.
The low labor cost and easy availability of raw materials reduce the cost of procurement, thereby overall production.
The diesel engine market is expected to grow at a steady pace in Australia and Southeast Asia. Thus, these countries offer significant growth potential for the concerned market in the coming years.

Key Diesel Engine Market Trend

The emergence of new diesel-exhaust system is one of the key diesel engine market trends that is expected to impact the industry positively in the forecast period.
Rising environmental concern among end-users is forcing manufacturers to put their effort into designing environmentally friendly diesel engines.
- Bosch developed a new diesel-exhaust system that helps to cuts emissions far below legal limits.
- This new system optimizes thermal management of exhaust temperatures and reduces NOx emissions to one-tenth of the legally permitted limit.
- The system does not require new hardware and system and keeps emissions stable, thus helping automakers to avoid potential driving bans in Europe that threaten to doom the engine technology even at cold temperatures.
Such factors will further support the market growth in the coming years.

Key Diesel Engine Market Challenge

One of the key challenges to the global diesel engine industry growth is the high cost of diesel engines.
Diesel engines are expensive due to various reasons. Diesel engines tend to have a longer stroke due to higher compression, which increases the bore length, thus driving costs.
As diesel engines also produce a lot of particulate matter and NOx, the technology used to bring them on par with emission norms is expensive.
High-capacity diesel engines cost more than petrol engines of the same capacity. For instance, large diesel engines of CRDI use more expensive components than a similar petrol engine, and the price of this type of diesel engine is 2-3 times more than similar petrol engines.
Such factors may hinder market growth in the forecast years.

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.

Parent Market Analysis

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.

Who are the Major Diesel Engine Market Vendors?

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.

Product Insights and News

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.

Diesel Engine Market Value Chain Analysis

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.

What are the Revenue-generating End-user Segments in the Diesel Engine Market?

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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.

Which are the Key Regions for Diesel Engine Market?

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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.

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What are the Key Data Covered in this Diesel Engine Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive diesel engine market growth during the next five years
Precise estimation of the diesel engine market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the diesel engine industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of diesel engine market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 On road - Market size and forecast 2021-2026
- Exhibit 28: Chart on On road - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on On road - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on On road - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on On road - Year-over-year growth 2021-2026 (%)

5.4 Off road - Market size and forecast 2021-2026
- Exhibit 32: Chart on Off road - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Off road - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Off road - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Off road - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by End-user
- Exhibit 36: Market opportunity by End-user ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026
- Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 AB Volvo
- Exhibit 89: AB Volvo - Overview
- Exhibit 90: AB Volvo - Business segments
- Exhibit 91: AB Volvo - Key news
- Exhibit 92: AB Volvo - Key offerings
- Exhibit 93: AB Volvo - Segment focus

10.4 Caterpillar Inc.
- Exhibit 94: Caterpillar Inc. - Overview
- Exhibit 95: Caterpillar Inc. - Business segments
- Exhibit 96: Caterpillar Inc. - Key offerings
- Exhibit 97: Caterpillar Inc. - Segment focus

10.5 Cummins Inc.
- Exhibit 98: Cummins Inc. - Overview
- Exhibit 99: Cummins Inc. - Business segments
- Exhibit 100: Cummins Inc. - Key offerings
- Exhibit 101: Cummins Inc. - Segment focus

10.6 Doosan Corp.
- Exhibit 102: Doosan Corp. - Overview
- Exhibit 103: Doosan Corp. - Business segments
- Exhibit 104: Doosan Corp. - Key news
- Exhibit 105: Doosan Corp. - Key offerings
- Exhibit 106: Doosan Corp. - Segment focus

10.7 Hyundai Heavy Industries Group
- Exhibit 107: Hyundai Heavy Industries Group - Overview
- Exhibit 108: Hyundai Heavy Industries Group - Business segments
- Exhibit 109: Hyundai Heavy Industries Group - Key offerings
- Exhibit 110: Hyundai Heavy Industries Group - Segment focus

10.8 Kohler Co.
- Exhibit 111: Kohler Co. - Overview
- Exhibit 112: Kohler Co. - Product / Service
- Exhibit 113: Kohler Co. - Key news
- Exhibit 114: Kohler Co. - Key offerings

10.9 Mitsubishi Heavy Industries Ltd.
- Exhibit 115: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 116: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 117: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 118: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 119: Mitsubishi Heavy Industries Ltd. - Segment focus

10.10 Rolls-Royce Holdings Plc
- Exhibit 120: Rolls-Royce Holdings Plc - Overview
- Exhibit 121: Rolls-Royce Holdings Plc - Business segments
- Exhibit 122: Rolls-Royce Holdings Plc - Key news
- Exhibit 123: Rolls-Royce Holdings Plc - Key offerings
- Exhibit 124: Rolls-Royce Holdings Plc - Segment focus

10.11 Volkswagen AG
- Exhibit 125: Volkswagen AG - Overview
- Exhibit 126: Volkswagen AG - Business segments
- Exhibit 127: Volkswagen AG - Key offerings
- Exhibit 128: Volkswagen AG - Segment focus

10.12 Wartsila Corp.
- Exhibit 129: Wartsila Corp. - Overview
- Exhibit 130: Wartsila Corp. - Business segments
- Exhibit 131: Wartsila Corp. - Key offerings
- Exhibit 132: Wartsila Corp. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 133: Inclusions checklist
- Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 135: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 136: Research methodology
- Exhibit 137: Validation techniques employed for market sizing
- Exhibit 138: Information sources

11.5 List of abbreviations
- Exhibit 139: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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